159.9 USD
-0.84 (-0.52%)
159.9 USD
0 (0%)
Overall FSV gets a fundamental rating of 6 out of 10. We evaluated FSV against 62 industry peers in the Real Estate Management & Development industry. While FSV belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FSV has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year FSV was profitable.
- FSV had a positive operating cash flow in the past year.
- FSV had positive earnings in each of the past 5 years.
- FSV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- FSV has a Return On Assets of 3.16%. This is amongst the best in the industry. FSV outperforms 82.26% of its industry peers.
- FSV has a Return On Equity of 10.34%. This is amongst the best in the industry. FSV outperforms 87.10% of its industry peers.
- FSV's Return On Invested Capital of 7.35% is amongst the best of the industry. FSV outperforms 90.32% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for FSV is in line with the industry average of 5.44%.
- The last Return On Invested Capital (7.35%) for FSV is above the 3 year average (7.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 10.34% | ||
| ROIC | 7.35% |
ROA(3y)3.45%
ROA(5y)3.94%
ROE(3y)11.49%
ROE(5y)12.92%
ROIC(3y)7.12%
ROIC(5y)7.44%
1.3 Margins
- FSV has a better Profit Margin (2.53%) than 64.52% of its industry peers.
- In the last couple of years the Profit Margin of FSV has declined.
- FSV has a better Operating Margin (6.43%) than 66.13% of its industry peers.
- In the last couple of years the Operating Margin of FSV has remained more or less at the same level.
- FSV has a better Gross Margin (33.41%) than 62.90% of its industry peers.
- In the last couple of years the Gross Margin of FSV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.43% | ||
| PM (TTM) | 2.53% | ||
| GM | 33.41% |
OM growth 3Y-1.98%
OM growth 5Y0.22%
PM growth 3Y-14.78%
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y0.5%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FSV is destroying value.
- The number of shares outstanding for FSV has been increased compared to 1 year ago.
- Compared to 5 years ago, FSV has more shares outstanding
- FSV has a better debt/assets ratio than last year.
2.2 Solvency
- FSV has an Altman-Z score of 3.22. This indicates that FSV is financially healthy and has little risk of bankruptcy at the moment.
- FSV has a better Altman-Z score (3.22) than 66.13% of its industry peers.
- FSV has a debt to FCF ratio of 4.18. This is a neutral value as FSV would need 4.18 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 4.18, FSV is doing good in the industry, outperforming 72.58% of the companies in the same industry.
- A Debt/Equity ratio of 0.89 indicates that FSV is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.89, FSV is in line with its industry, outperforming 40.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 3.22 |
ROIC/WACC0.98
WACC7.52%
2.3 Liquidity
- A Current Ratio of 1.76 indicates that FSV should not have too much problems paying its short term obligations.
- FSV's Current ratio of 1.76 is in line compared to the rest of the industry. FSV outperforms 56.45% of its industry peers.
- A Quick Ratio of 1.44 indicates that FSV should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.44, FSV is in line with its industry, outperforming 45.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
- FSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.13%, which is quite impressive.
- Measured over the past years, FSV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.76% on average per year.
- The Revenue has grown by 11.13% in the past year. This is quite good.
- Measured over the past years, FSV shows a quite strong growth in Revenue. The Revenue has been growing by 16.73% on average per year.
EPS 1Y (TTM)20.13%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%7.98%
Revenue 1Y (TTM)11.13%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
3.2 Future
- Based on estimates for the next years, FSV will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.04% on average per year.
- The Revenue is expected to grow by 5.15% on average over the next years.
EPS Next Y15.49%
EPS Next 2Y11.8%
EPS Next 3Y11.34%
EPS Next 5Y9.04%
Revenue Next Year5.98%
Revenue Next 2Y6.43%
Revenue Next 3Y6.27%
Revenue Next 5Y5.15%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- FSV is valuated quite expensively with a Price/Earnings ratio of 27.91.
- 74.19% of the companies in the same industry are more expensive than FSV, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.32, FSV is valued at the same level.
- Based on the Price/Forward Earnings ratio of 25.59, the valuation of FSV can be described as expensive.
- 80.65% of the companies in the same industry are more expensive than FSV, based on the Price/Forward Earnings ratio.
- FSV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.91 | ||
| Fwd PE | 25.59 |
4.2 Price Multiples
- FSV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FSV is cheaper than 77.42% of the companies in the same industry.
- FSV's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FSV is cheaper than 75.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.32 | ||
| EV/EBITDA | 15.46 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FSV does not grow enough to justify the current Price/Earnings ratio.
- The decent profitability rating of FSV may justify a higher PE ratio.
PEG (NY)1.8
PEG (5Y)2.59
EPS Next 2Y11.8%
EPS Next 3Y11.34%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.63%, FSV is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.84, FSV pays a better dividend. On top of this FSV pays more dividend than 80.65% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, FSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
5.2 History
- The dividend of FSV is nicely growing with an annual growth rate of 11.41%!
- FSV has been paying a dividend for at least 10 years, so it has a reliable track record.
- The dividend of FSV decreased recently.
Dividend Growth(5Y)11.41%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- FSV pays out 34.35% of its income as dividend. This is a sustainable payout ratio.
- The dividend of FSV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP34.35%
EPS Next 2Y11.8%
EPS Next 3Y11.34%
FIRSTSERVICE CORP / FSV FAQ
Can you provide the ChartMill fundamental rating for FIRSTSERVICE CORP?
ChartMill assigns a fundamental rating of 6 / 10 to FSV.
Can you provide the valuation status for FIRSTSERVICE CORP?
ChartMill assigns a valuation rating of 4 / 10 to FIRSTSERVICE CORP (FSV). This can be considered as Fairly Valued.
What is the profitability of FSV stock?
FIRSTSERVICE CORP (FSV) has a profitability rating of 7 / 10.
What are the PE and PB ratios of FIRSTSERVICE CORP (FSV) stock?
The Price/Earnings (PE) ratio for FIRSTSERVICE CORP (FSV) is 27.91 and the Price/Book (PB) ratio is 5.46.
How sustainable is the dividend of FIRSTSERVICE CORP (FSV) stock?
The dividend rating of FIRSTSERVICE CORP (FSV) is 5 / 10 and the dividend payout ratio is 34.35%.