FirstService Corp
TSX:FSV

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FirstService Corp
TSX:FSV
Watchlist
Price: 242.74 CAD 0.32% Market Closed
Market Cap: 11B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FSV stock under the Base Case scenario is 349.99 CAD. Compared to the current market price of 242.74 CAD, FirstService Corp is Undervalued by 31%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FSV Relative Value
Base Case
349.99 CAD
Undervaluation 31%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.5
P/S
P/S
Price to Sales
1.5
vs History
82
vs Industry
66
Median 3Y
1.6
Median 5Y
1.7
Industry
3.6
Forward
1.4
More Details
60.9
P/E
P/E
Price to Earnings
60.9
vs History
53
vs Industry
9
Median 3Y
52.7
Median 5Y
61.3
Industry
16.4
Forward
30.7
More Details
23.7
P/OCF
P/OCF
Price to OCF
23.7
vs History
85
vs Industry
11
Median 3Y
31.5
Median 5Y
28.8
Industry
10.8
More Details
27.6
P/FCFE
P/FCFE
Price to FCFE
27.6
vs History
59
vs Industry
10
Median 3Y
31.7
Median 5Y
33.5
Industry
12.6
More Details
6.6
P/B
P/B
Price to Book Value
6.6
vs History
75
vs Industry
3
Median 3Y
6.9
Median 5Y
7.1
Industry
0.8
More Details
1.7
EV/S
EV/S
Enterprise Value to Sales
1.7
vs History
77
vs Industry
72
Median 3Y
1.8
Median 5Y
1.9
Industry
6.4
Forward
1.6
More Details
5.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.1
vs History
87
vs Industry
68
Median 3Y
5.6
Median 5Y
5.8
Industry
11.8
More Details
17.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
17.8
vs History
90
vs Industry
31
Median 3Y
19.6
Median 5Y
20.6
Industry
15.7
Forward
15.9
More Details
27
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
27
vs History
88
vs Industry
23
Median 3Y
29.3
Median 5Y
30.7
Industry
18.9
Forward
25.1
More Details
26.9
EV/OCF
EV/OCF
Enterprise Value to OCF
26.9
vs History
75
vs Industry
16
Median 3Y
34.2
Median 5Y
32.3
Industry
18.3
More Details
41.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
41.4
vs History
74
vs Industry
11
Median 3Y
57.2
Median 5Y
49.1
Industry
20
More Details
2.6
EV/IC
EV/IC
Enterprise Value to IC
2.6
vs History
67
vs Industry
5
Median 3Y
2.6
Median 5Y
2.7
Industry
0.7
More Details

Multiples Across Competitors

FSV Competitors Multiples
FirstService Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
FirstService Corp
TSX:FSV
11B CAD 1.5 60.9 17.8 27
US
CBRE Group Inc
NYSE:CBRE
37B USD 1 36.8 18.4 26.5
CN
Ke Holdings Inc
HKEX:2423
186.3B HKD 1.9 43 24.7 31.1
US
Zillow Group Inc
NASDAQ:ZG
16.1B USD 7.2 -143.2 240.3 -75.9
US
Jones Lang LaSalle Inc
NYSE:JLL
10.8B USD 0.5 19.9 10.8 13.9
CA
Colliers International Group Inc
TSX:CIGI
8.3B CAD 1.2 37.3 12.7 20.5
US
Compass Inc
NYSE:COMP
4B USD 0.7 -26 -65.6 -27.2
HK
China Overseas Property Holdings Ltd
HKEX:2669
17.7B HKD 1.3 11.7 5.7 5.7
UK
Cushman & Wakefield PLC
NYSE:CWK
2.2B USD 0.2 16.8 8.6 11.3
JP
Relo Group Inc
TSE:8876
281.3B JPY 2 -88.7 4.9 8.8
US
Newmark Group Inc
NASDAQ:NMRK
1.8B USD 0.7 30.1 9 18.5
P/E Multiple
Earnings Growth PEG
CA
FirstService Corp
TSX:FSV
Average P/E: 32.1
60.9
N/A N/A
US
CBRE Group Inc
NYSE:CBRE
36.8
37%
1
CN
K
Ke Holdings Inc
HKEX:2423
43
-1%
N/A
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -143.2 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
19.9
24%
0.8
CA
Colliers International Group Inc
TSX:CIGI
37.3
41%
0.9
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -26 N/A N/A
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
11.7
12%
1
UK
Cushman & Wakefield PLC
NYSE:CWK
16.8
38%
0.4
JP
Relo Group Inc
TSE:8876
Negative Multiple: -88.7 N/A N/A
US
Newmark Group Inc
NASDAQ:NMRK
30.1
76%
0.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
FirstService Corp
TSX:FSV
Average EV/EBITDA: 35.3
17.8
N/A N/A
US
CBRE Group Inc
NYSE:CBRE
18.4
19%
1
CN
K
Ke Holdings Inc
HKEX:2423
24.7
42%
0.6
US
Zillow Group Inc
NASDAQ:ZG
240.3
163%
1.5
US
Jones Lang LaSalle Inc
NYSE:JLL
10.8
14%
0.8
CA
Colliers International Group Inc
TSX:CIGI
12.7
16%
0.8
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -65.6 N/A N/A
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
5.7
11%
0.5
UK
Cushman & Wakefield PLC
NYSE:CWK
8.6
17%
0.5
JP
Relo Group Inc
TSE:8876
4.9
4%
1.2
US
Newmark Group Inc
NASDAQ:NMRK
9
28%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
FirstService Corp
TSX:FSV
Average EV/EBIT: 18.2
27
N/A N/A
US
CBRE Group Inc
NYSE:CBRE
26.5
25%
1.1
CN
K
Ke Holdings Inc
HKEX:2423
31.1
29%
1.1
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -75.9 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
13.9
15%
0.9
CA
Colliers International Group Inc
TSX:CIGI
20.5
15%
1.4
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -27.2 N/A N/A
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
5.7
N/A N/A
UK
Cushman & Wakefield PLC
NYSE:CWK
11.3
18%
0.6
JP
Relo Group Inc
TSE:8876
8.8
N/A N/A
US
Newmark Group Inc
NASDAQ:NMRK
18.5
38%
0.5

See Also

Summary
FSV intrinsic value, competitors valuation, and company profile.
DCF Valuation
FSV stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FSV stock valuation using valuation multiples.
Wall Street Estimates
FSV price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FSV stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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