FIRSTSERVICE CORP (FSV) Stock Fundamental Analysis
USA - NASDAQ:FSV - CA33767E2024 - Common Stock
151.88 USD
-0.39 (-0.26%)
151.88 USD
0 (0%)
Taking everything into account, FSV scores 6 out of 10 in our fundamental rating. FSV was compared to 63 industry peers in the Real Estate Management & Development industry. FSV scores excellent on profitability, but there are some minor concerns on its financial health. FSV has a decent growth rate and is not valued too expensively.
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.
In the past 5 years FSV has always been profitable.
Each year in the past 5 years FSV had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 3.16%, FSV belongs to the best of the industry, outperforming 82.54% of the companies in the same industry.
FSV's Return On Equity of 10.34% is amongst the best of the industry. FSV outperforms 87.30% of its industry peers.
The Return On Invested Capital of FSV (7.35%) is better than 87.30% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FSV is in line with the industry average of 6.19%.
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 66.67% 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 68.25% 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.
Looking at the Gross Margin, with a value of 33.41%, FSV is in the better half of the industry, outperforming 63.49% of the companies in the same industry.
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
FSV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 3.15. This indicates that FSV is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.15, FSV is doing good in the industry, outperforming 73.02% of the companies in the same industry.
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.
The Debt to FCF ratio of FSV (4.18) is better than 71.43% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that FSV is somewhat dependend on debt financing.
FSV's Debt to Equity ratio of 0.89 is on the low side compared to the rest of the industry. FSV is outperformed by 60.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 3.15 |
ROIC/WACC0.99
WACC7.41%
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 55.56% 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.
Looking at the Quick ratio, with a value of 1.44, FSV is in line with its industry, outperforming 46.03% 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.
Looking at the last year, FSV shows a quite strong growth in Revenue. The Revenue has grown by 11.13% in the last year.
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
FSV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.38% yearly.
The Revenue is expected to grow by 6.25% on average over the next years.
EPS Next Y15.57%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
EPS Next 5YN/A
Revenue Next Year5.94%
Revenue Next 2Y6.4%
Revenue Next 3Y6.25%
Revenue Next 5YN/A
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
A Price/Earnings ratio of 26.51 indicates a quite expensive valuation of FSV.
Based on the Price/Earnings ratio, FSV is valued a bit cheaper than the industry average as 73.02% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.07, FSV is valued at the same level.
Based on the Price/Forward Earnings ratio of 24.33, the valuation of FSV can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FSV indicates a somewhat cheap valuation: FSV is cheaper than 79.37% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of FSV to the average of the S&P500 Index (34.08), we can say FSV is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.51 | ||
| Fwd PE | 24.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSV is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSV indicates a somewhat cheap valuation: FSV is cheaper than 76.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.99 | ||
| EV/EBITDA | 14.78 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FSV may justify a higher PE ratio.
PEG (NY)1.7
PEG (5Y)2.46
EPS Next 2Y11.74%
EPS Next 3Y11.38%
5. Dividend
5.1 Amount
FSV has a yearly dividend return of 0.66%, which is pretty low.
In the last 3 months the price of FSV has falen by -23.98%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.49, FSV pays a better dividend. On top of this FSV pays more dividend than 82.54% of the companies listed in the same industry.
With a Dividend Yield of 0.66, FSV pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
5.2 History
The dividend of FSV is nicely growing with an annual growth rate of 11.41%!
FSV has paid a dividend for at least 10 years, which is a reliable track record.
FSV has decreased its dividend 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.
FSV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP34.35%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
151.88
-0.39 (-0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners76.48%
Inst Owner Change4.1%
Ins Owners9.37%
Ins Owner ChangeN/A
Market Cap6.93B
Revenue(TTM)5.48B
Net Income(TTM)138.54M
Analysts81.67
Price Target155.84 (2.61%)
Short Float %1.05%
Short Ratio2.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend0.97
Dividend Growth(5Y)11.41%
DP34.35%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.41%
Min EPS beat(2)-0.07%
Max EPS beat(2)14.88%
EPS beat(4)2
Avg EPS beat(4)5.46%
Min EPS beat(4)-3.07%
Max EPS beat(4)14.88%
EPS beat(8)4
Avg EPS beat(8)3.31%
EPS beat(12)7
Avg EPS beat(12)3.22%
EPS beat(16)9
Avg EPS beat(16)3.1%
Revenue beat(2)1
Avg Revenue beat(2)-1.14%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)0.05%
Revenue beat(4)2
Avg Revenue beat(4)-0.8%
Min Revenue beat(4)-2.81%
Max Revenue beat(4)1.89%
Revenue beat(8)5
Avg Revenue beat(8)0.54%
Revenue beat(12)9
Avg Revenue beat(12)1.5%
Revenue beat(16)13
Avg Revenue beat(16)1.64%
PT rev (1m)-4.19%
PT rev (3m)-5.42%
EPS NQ rev (1m)-11.21%
EPS NQ rev (3m)-10.91%
EPS NY rev (1m)-2.7%
EPS NY rev (3m)1%
Revenue NQ rev (1m)-4.33%
Revenue NQ rev (3m)-4.33%
Revenue NY rev (1m)-1.88%
Revenue NY rev (3m)-1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.51 | ||
| Fwd PE | 24.33 | ||
| P/S | 1.26 | ||
| P/FCF | 23.99 | ||
| P/OCF | 16.6 | ||
| P/B | 5.17 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.78 |
EPS(TTM)5.73
EY3.77%
EPS(NY)6.24
Fwd EY4.11%
FCF(TTM)6.33
FCFY4.17%
OCF(TTM)9.15
OCFY6.02%
SpS120.16
BVpS29.37
TBVpS-18.68
PEG (NY)1.7
PEG (5Y)2.46
Graham Number61.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 10.34% | ||
| ROCE | 10.13% | ||
| ROIC | 7.35% | ||
| ROICexc | 7.85% | ||
| ROICexgc | 23.97% | ||
| OM | 6.43% | ||
| PM (TTM) | 2.53% | ||
| GM | 33.41% | ||
| FCFM | 5.27% |
ROA(3y)3.45%
ROA(5y)3.94%
ROE(3y)11.49%
ROE(5y)12.92%
ROIC(3y)7.12%
ROIC(5y)7.44%
ROICexc(3y)7.62%
ROICexc(5y)8.09%
ROICexgc(3y)22.51%
ROICexgc(5y)26.24%
ROCE(3y)9.82%
ROCE(5y)10.25%
ROICexgc growth 3Y-9.1%
ROICexgc growth 5Y0.26%
ROICexc growth 3Y-5.76%
ROICexc growth 5Y0.74%
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%
F-Score7
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 69.74% | ||
| Cap/Sales | 2.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.75% | ||
| Profit Quality | 208.34% | ||
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 3.15 |
F-Score7
WACC7.41%
ROIC/WACC0.99
Cap/Depr(3y)70.4%
Cap/Depr(5y)62.01%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.92%
Profit Quality(3y)112.97%
Profit Quality(5y)141.74%
High Growth Momentum
Growth
EPS 1Y (TTM)20.13%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%7.98%
EPS Next Y15.57%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
EPS Next 5YN/A
Revenue 1Y (TTM)11.13%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
Revenue Next Year5.94%
Revenue Next 2Y6.4%
Revenue Next 3Y6.25%
Revenue Next 5YN/A
EBIT growth 1Y16.15%
EBIT growth 3Y14.78%
EBIT growth 5Y16.98%
EBIT Next Year75.96%
EBIT Next 3Y25.91%
EBIT Next 5YN/A
FCF growth 1Y115.24%
FCF growth 3Y16.6%
FCF growth 5Y23.08%
OCF growth 1Y86.29%
OCF growth 3Y19.53%
OCF growth 5Y21.52%
FIRSTSERVICE CORP / FSV FAQ
Can you provide the ChartMill fundamental rating for FIRSTSERVICE CORP?
ChartMill assigns a fundamental rating of 6 / 10 to FSV.
What is the valuation status for FSV stock?
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.
Can you provide the financial health for FSV stock?
The financial health rating of FIRSTSERVICE CORP (FSV) is 5 / 10.
Can you provide the expected EPS growth for FSV stock?
The Earnings per Share (EPS) of FIRSTSERVICE CORP (FSV) is expected to grow by 15.57% in the next year.