FirstService Corp
TSX:FSV

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FirstService Corp
TSX:FSV
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Price: 212.57 CAD 1.03% Market Closed
Market Cap: 9.7B CAD

Relative Value

The Relative Value of one FSV stock under the Base Case scenario is 411.59 CAD. Compared to the current market price of 212.57 CAD, FirstService Corp is Undervalued by 48%.

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
411.59 CAD
Undervaluation 48%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
98
vs Industry
66
Median 3Y
1.6
Median 5Y
1.7
Industry
3.8
Forward
1.3
vs History
77
vs Industry
9
Median 3Y
59.4
Median 5Y
61
Industry
16.2
Forward
26.7
vs History
98
vs Industry
11
Median 3Y
27.2
Median 5Y
28.5
Industry
11.2
vs History
53
vs Industry
10
Median 3Y
33.7
Median 5Y
35.6
Industry
12.8
vs History
98
vs Industry
3
Median 3Y
6.9
Median 5Y
7
Industry
0.9
vs History
98
vs Industry
72
Median 3Y
1.8
Median 5Y
1.8
Industry
6.9
Forward
1.5
vs History
98
vs Industry
68
Median 3Y
5.6
Median 5Y
5.7
Industry
12.5
vs History
98
vs Industry
31
Median 3Y
19.3
Median 5Y
20
Industry
15.8
Forward
14.2
vs History
98
vs Industry
23
Median 3Y
29
Median 5Y
30.1
Industry
19.1
Forward
24.1
vs History
98
vs Industry
16
Median 3Y
30.7
Median 5Y
31.5
Industry
18.5
vs History
93
vs Industry
11
Median 3Y
46.6
Median 5Y
46.6
Industry
20.5
vs History
93
vs Industry
5
Median 3Y
2.6
Median 5Y
2.7
Industry
0.8

Multiples Across Competitors

FSV Competitors Multiples
FirstService Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
FirstService Corp
TSX:FSV
9.7B CAD 1.3 51 15 22.8
US
CBRE Group Inc
NYSE:CBRE
47.5B USD 1.2 38.7 21.1 32.2
CN
Ke Holdings Inc
HKEX:2423
154.4B HKD 1.4 35.9 26.9 26.9
US
Zillow Group Inc
NASDAQ:ZG
17.5B USD 7.1 -547.5 94.8 -182.2
US
Jones Lang LaSalle Inc
NYSE:JLL
15.8B USD 0.6 25 13.8 17.3
CA
Colliers International Group Inc
TSX:CIGI
10.2B CAD 1.4 63.4 14.3 23.8
US
Opendoor Technologies Inc
NASDAQ:OPEN
6.2B USD 1.3 -19.7 -40.1 -31.9
US
Compass Inc
NYSE:COMP
6B USD 0.9 -106.4 81.9 -172.3
UK
Cushman & Wakefield PLC
NYSE:CWK
3.5B USD 0.4 15.8 9.9 12.2
US
Newmark Group Inc
NASDAQ:NMRK
3.1B USD 1 29.9 12.4 22.5
HK
China Overseas Property Holdings Ltd
HKEX:2669
15.8B HKD 1.1 10.3 5 5
P/E Multiple
Earnings Growth PEG
CA
FirstService Corp
TSX:FSV
Average P/E: 33.7
51
33%
1.5
US
CBRE Group Inc
NYSE:CBRE
38.7
39%
1
CN
K
Ke Holdings Inc
HKEX:2423
35.9
-12%
N/A
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -547.5 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
25
26%
1
CA
Colliers International Group Inc
TSX:CIGI
63.4
39%
1.6
US
Opendoor Technologies Inc
NASDAQ:OPEN
Negative Multiple: -19.7 N/A N/A
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -106.4 N/A N/A
UK
Cushman & Wakefield PLC
NYSE:CWK
15.8
43%
0.4
US
Newmark Group Inc
NASDAQ:NMRK
29.9
82%
0.4
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
10.3
7%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
FirstService Corp
TSX:FSV
Average EV/EBIT: 20.3
22.8
10%
2.3
US
CBRE Group Inc
NYSE:CBRE
32.2
30%
1.1
CN
K
Ke Holdings Inc
HKEX:2423
26.9
30%
0.9
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -182.2 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
17.3
17%
1
CA
Colliers International Group Inc
TSX:CIGI
23.8
16%
1.5
US
Opendoor Technologies Inc
NASDAQ:OPEN
Negative Multiple: -31.9 N/A N/A
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -172.3 N/A N/A
UK
Cushman & Wakefield PLC
NYSE:CWK
12.2
19%
0.6
US
Newmark Group Inc
NASDAQ:NMRK
22.5
41%
0.5
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
5
8%
0.6