160.87 USD
+0.84 (+0.52%)
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 has a great profitability rating, there are some minor concerns on its financial health. FSV is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- FSV had positive earnings in the past year.
- FSV had a positive operating cash flow in the past year.
- Each year in the past 5 years FSV has been profitable.
- FSV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.16%, FSV belongs to the top of the industry, outperforming 82.26% of the companies in the same industry.
- FSV's Return On Equity of 10.34% is amongst the best of the industry. FSV outperforms 87.10% of its industry peers.
- With an excellent Return On Invested Capital value of 7.35%, FSV belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
- FSV had an Average Return On Invested Capital over the past 3 years of 7.12%. This is in line with the industry average of 5.44%.
- The 3 year average ROIC (7.12%) for FSV is below the current ROIC(7.35%), indicating increased profibility in the last year.
| 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
- Looking at the Profit Margin, with a value of 2.53%, FSV is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
- FSV's Profit Margin has declined in the last couple of years.
- With a decent Operating Margin value of 6.43%, FSV is doing good in the industry, outperforming 66.13% of the companies in the same industry.
- In the last couple of years the Operating Margin of FSV has remained more or less at the same level.
- FSV has a Gross Margin of 33.41%. This is in the better half of the industry: FSV outperforms 62.90% of its industry peers.
- FSV's Gross Margin has been stable in the last couple of years.
| 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
- The debt/assets ratio for FSV has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.22 indicates that FSV is not in any danger for bankruptcy at the moment.
- FSV has a Altman-Z score of 3.22. This is in the better half of the industry: FSV outperforms 67.74% of its industry peers.
- The Debt to FCF ratio of FSV is 4.18, which is a neutral value as it means it would take FSV, 4.18 years of fcf income to pay off all of its debts.
- FSV has a better Debt to FCF ratio (4.18) than 72.58% of its industry peers.
- FSV has a Debt/Equity ratio of 0.89. This is a neutral value indicating FSV is somewhat dependend on debt financing.
- FSV has a Debt to Equity ratio (0.89) which is in line with its industry peers.
| 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 has a Current ratio of 1.76. This is comparable to the rest of the industry: FSV outperforms 56.45% of its industry peers.
- FSV has a Quick Ratio of 1.44. This is a normal value and indicates that FSV is financially healthy and should not expect problems in meeting its short term obligations.
- FSV's Quick ratio of 1.44 is in line compared to the rest of the industry. FSV outperforms 45.16% of its industry peers.
| 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.
- FSV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.76% yearly.
- FSV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.13%.
- FSV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.73% yearly.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 28.08 indicates a quite expensive valuation of FSV.
- Based on the Price/Earnings ratio, FSV is valued a bit cheaper than the industry average as 74.19% of the companies are valued more expensively.
- FSV's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.21.
- A Price/Forward Earnings ratio of 25.74 indicates a quite expensive valuation of FSV.
- FSV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FSV is cheaper than 79.03% of the companies in the same industry.
- FSV's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.08 | ||
| Fwd PE | 25.74 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FSV indicates a somewhat cheap valuation: FSV is cheaper than 77.42% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSV indicates a somewhat cheap valuation: FSV is cheaper than 75.81% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.48 | ||
| EV/EBITDA | 15.47 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of FSV may justify a higher PE ratio.
PEG (NY)1.81
PEG (5Y)2.61
EPS Next 2Y11.8%
EPS Next 3Y11.34%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.65%, FSV is not a good candidate for dividend investing.
- FSV's Dividend Yield is a higher than the industry average which is at 0.85.
- Compared to an average S&P500 Dividend Yield of 1.81, FSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
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
- 34.35% of the earnings are spent on dividend by FSV. This is a low number and sustainable payout ratio.
- FSV's earnings are growing slower than its dividend. 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 28.08 and the Price/Book (PB) ratio is 5.49.
How sustainable is the dividend of FIRSTSERVICE CORP (FSV) stock?
The dividend rating of FIRSTSERVICE CORP (FSV) is 4 / 10 and the dividend payout ratio is 34.35%.