FIERA CAPITAL CORP (FSZ.CA) Fundamental Analysis & Valuation
TSX:FSZ • CA31660A1030
5.32 CAD
-0.15 (-2.74%)
Last: Mar 12, 2026, 07:00 PM
This FSZ.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 4 out of 10 to FSZ. FSZ was compared to 82 industry peers in the Capital Markets industry. While FSZ is still in line with the averages on profitability rating, there are concerns on its financial health. FSZ has a bad growth rate and is valued cheaply.
1. FSZ.CA Profitability Analysis
1.1 Basic Checks
- In the past year FSZ was profitable.
- In the past year FSZ had a positive cash flow from operations.
- FSZ had positive earnings in each of the past 5 years.
- In the past 5 years FSZ always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of FSZ (3.19%) is better than 62.20% of its industry peers.
- With a decent Return On Equity value of 14.95%, FSZ is doing good in the industry, outperforming 76.83% of the companies in the same industry.
- The Return On Invested Capital of FSZ (8.66%) is better than 80.49% of its industry peers.
- FSZ had an Average Return On Invested Capital over the past 3 years of 8.47%. This is below the industry average of 10.67%.
- The last Return On Invested Capital (8.66%) for FSZ is above the 3 year average (8.47%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.19% | ||
| ROE | 14.95% | ||
| ROIC | 8.66% |
ROA(3y)3.24%
ROA(5y)3.33%
ROE(3y)13.94%
ROE(5y)13.4%
ROIC(3y)8.47%
ROIC(5y)7.82%
1.3 Margins
- FSZ has a Profit Margin (5.86%) which is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of FSZ has grown nicely.
- Looking at the Operating Margin, with a value of 18.45%, FSZ is doing worse than 62.20% of the companies in the same industry.
- In the last couple of years the Operating Margin of FSZ has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.45% | ||
| PM (TTM) | 5.86% | ||
| GM | N/A |
OM growth 3Y11.75%
OM growth 5Y-3.22%
PM growth 3Y15.33%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. FSZ.CA Health Analysis
2.1 Basic Checks
- FSZ has less shares outstanding than it did 1 year ago.
- FSZ has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for FSZ is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.52, we must say that FSZ is in the distress zone and has some risk of bankruptcy.
- FSZ's Altman-Z score of 0.52 is in line compared to the rest of the industry. FSZ outperforms 52.44% of its industry peers.
- The Debt to FCF ratio of FSZ is 5.96, which is a neutral value as it means it would take FSZ, 5.96 years of fcf income to pay off all of its debts.
- FSZ has a Debt to FCF ratio of 5.96. This is in the better half of the industry: FSZ outperforms 63.41% of its industry peers.
- A Debt/Equity ratio of 2.89 is on the high side and indicates that FSZ has dependencies on debt financing.
- The Debt to Equity ratio of FSZ (2.89) is worse than 63.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.89 | ||
| Debt/FCF | 5.96 | ||
| Altman-Z | 0.52 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 1.20 indicates that FSZ should not have too much problems paying its short term obligations.
- FSZ has a Current ratio (1.20) which is in line with its industry peers.
- A Quick Ratio of 1.20 indicates that FSZ should not have too much problems paying its short term obligations.
- FSZ has a Quick ratio (1.20) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 1.2 |
3. FSZ.CA Growth Analysis
3.1 Past
- The earnings per share for FSZ have decreased by -2.15% in the last year.
- FSZ shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.12% yearly.
- The Revenue has decreased by -1.45% in the past year.
- The Revenue has been decreasing by -0.68% on average over the past years.
EPS 1Y (TTM)-2.15%
EPS 3Y-8.04%
EPS 5Y-8.12%
EPS Q2Q%14.29%
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y0.07%
Revenue growth 5Y-0.68%
Sales Q2Q%-2.15%
3.2 Future
- The Earnings Per Share is expected to grow by 6.27% on average over the next years.
- The Revenue is expected to grow by 3.12% on average over the next years.
EPS Next Y4.88%
EPS Next 2Y6.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.65%
Revenue Next 2Y3.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. FSZ.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 5.85, the valuation of FSZ can be described as very cheap.
- Based on the Price/Earnings ratio, FSZ is valued a bit cheaper than 75.61% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 25.71. FSZ is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 5.57 indicates a rather cheap valuation of FSZ.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of FSZ indicates a rather cheap valuation: FSZ is cheaper than 84.15% of the companies listed in the same industry.
- FSZ's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.85 | ||
| Fwd PE | 5.57 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FSZ indicates a rather cheap valuation: FSZ is cheaper than 92.68% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, FSZ is valued cheaper than 92.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.63 | ||
| EV/EBITDA | 6.84 |
4.3 Compensation for Growth
- FSZ's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)N/A
EPS Next 2Y6.27%
EPS Next 3YN/A
5. FSZ.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.40%, FSZ is a good candidate for dividend investing.
- FSZ's Dividend Yield is rather good when compared to the industry average which is at 1.69. FSZ pays more dividend than 92.68% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, FSZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.4% |
5.2 History
- The dividend of FSZ decreases each year by -8.49%.
- FSZ has been paying a dividend for at least 10 years, so it has a reliable track record.
- FSZ has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.49%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
- FSZ pays out 146.98% of its income as dividend. This is not a sustainable payout ratio.
DP146.98%
EPS Next 2Y6.27%
EPS Next 3YN/A
FSZ.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FSZ (3/12/2026, 7:00:00 PM)
5.32
-0.15 (-2.74%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-26 2026-02-26/bmo
Earnings (Next)05-07 2026-05-07
Inst Owners13.59%
Inst Owner ChangeN/A
Ins Owners3.68%
Ins Owner ChangeN/A
Market Cap463.96M
Revenue(TTM)666.38M
Net Income(TTM)39.05M
Analysts50.91
Price Target7.04 (32.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.4% |
Yearly Dividend0.54
Dividend Growth(5Y)-8.49%
DP146.98%
Div Incr Years1
Div Non Decr Years4
Ex-Date03-11 2026-03-11 (0.108)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.23%
Min EPS beat(2)-12.8%
Max EPS beat(2)2.35%
EPS beat(4)2
Avg EPS beat(4)0.75%
Min EPS beat(4)-12.96%
Max EPS beat(4)26.4%
EPS beat(8)5
Avg EPS beat(8)-0.13%
EPS beat(12)6
Avg EPS beat(12)-0.53%
EPS beat(16)8
Avg EPS beat(16)-0.31%
Revenue beat(2)0
Avg Revenue beat(2)-4.5%
Min Revenue beat(2)-7.7%
Max Revenue beat(2)-1.29%
Revenue beat(4)0
Avg Revenue beat(4)-4.14%
Min Revenue beat(4)-7.7%
Max Revenue beat(4)-1.29%
Revenue beat(8)1
Avg Revenue beat(8)-3.7%
Revenue beat(12)2
Avg Revenue beat(12)-3.31%
Revenue beat(16)2
Avg Revenue beat(16)-3.22%
PT rev (1m)-4.17%
PT rev (3m)-7.38%
EPS NQ rev (1m)-8.89%
EPS NQ rev (3m)-8.89%
EPS NY rev (1m)-5.88%
EPS NY rev (3m)-5.88%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.6%
Revenue NY rev (3m)-2.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.85 | ||
| Fwd PE | 5.57 | ||
| P/S | 0.7 | ||
| P/FCF | 3.63 | ||
| P/OCF | 3.47 | ||
| P/B | 1.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.84 |
EPS(TTM)0.91
EY17.11%
EPS(NY)0.95
Fwd EY17.94%
FCF(TTM)1.47
FCFY27.57%
OCF(TTM)1.53
OCFY28.79%
SpS7.64
BVpS3
TBVpS-6.69
PEG (NY)1.2
PEG (5Y)N/A
Graham Number7.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.19% | ||
| ROE | 14.95% | ||
| ROCE | 11.89% | ||
| ROIC | 8.66% | ||
| ROICexc | 9.11% | ||
| ROICexgc | 64.69% | ||
| OM | 18.45% | ||
| PM (TTM) | 5.86% | ||
| GM | N/A | ||
| FCFM | 19.19% |
ROA(3y)3.24%
ROA(5y)3.33%
ROE(3y)13.94%
ROE(5y)13.4%
ROIC(3y)8.47%
ROIC(5y)7.82%
ROICexc(3y)8.97%
ROICexc(5y)8.36%
ROICexgc(3y)67.26%
ROICexgc(5y)65.42%
ROCE(3y)11.64%
ROCE(5y)10.75%
ROICexgc growth 3Y7.86%
ROICexgc growth 5Y6.37%
ROICexc growth 3Y13.78%
ROICexc growth 5Y0.27%
OM growth 3Y11.75%
OM growth 5Y-3.22%
PM growth 3Y15.33%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.89 | ||
| Debt/FCF | 5.96 | ||
| Debt/EBITDA | 4.42 | ||
| Cap/Depr | 11.94% | ||
| Cap/Sales | 0.85% | ||
| Interest Coverage | 2.61 | ||
| Cash Conversion | 78.33% | ||
| Profit Quality | 327.57% | ||
| Current Ratio | 1.2 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 0.52 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)7.79%
Cap/Depr(5y)11.14%
Cap/Sales(3y)0.57%
Cap/Sales(5y)0.93%
Profit Quality(3y)360.97%
Profit Quality(5y)344.17%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.15%
EPS 3Y-8.04%
EPS 5Y-8.12%
EPS Q2Q%14.29%
EPS Next Y4.88%
EPS Next 2Y6.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y0.07%
Revenue growth 5Y-0.68%
Sales Q2Q%-2.15%
Revenue Next Year2.65%
Revenue Next 2Y3.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y9.24%
EBIT growth 3Y11.83%
EBIT growth 5Y-3.88%
EBIT Next Year44.78%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2.34%
FCF growth 3Y5.67%
FCF growth 5Y-0.87%
OCF growth 1Y-0.31%
OCF growth 3Y5.64%
OCF growth 5Y-1.68%
FIERA CAPITAL CORP / FSZ.CA FAQ
Can you provide the ChartMill fundamental rating for FIERA CAPITAL CORP?
ChartMill assigns a fundamental rating of 4 / 10 to FSZ.CA.
What is the valuation status of FIERA CAPITAL CORP (FSZ.CA) stock?
ChartMill assigns a valuation rating of 8 / 10 to FIERA CAPITAL CORP (FSZ.CA). This can be considered as Undervalued.
How profitable is FIERA CAPITAL CORP (FSZ.CA) stock?
FIERA CAPITAL CORP (FSZ.CA) has a profitability rating of 5 / 10.
What is the valuation of FIERA CAPITAL CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FIERA CAPITAL CORP (FSZ.CA) is 5.85 and the Price/Book (PB) ratio is 1.78.
Can you provide the expected EPS growth for FSZ stock?
The Earnings per Share (EPS) of FIERA CAPITAL CORP (FSZ.CA) is expected to grow by 4.88% in the next year.