FirstService Corp
TSX:FSV
Intrinsic Value
The intrinsic value of one
FSV
stock under the Base Case scenario is
254.37
CAD.
Compared to the current market price of 216.27 CAD,
FirstService Corp
is
Undervalued by 15%.
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Fundamental Analysis
A potentially prolonged slowdown in the U.S. residential and commercial real estate markets could reduce demand for FirstService’s property management and related services, pressuring both revenue and margins as fewer new contracts come online and client turnover rises.
Rising labor costs and persistent staffing challenges, particularly in property maintenance and restoration segments, could squeeze profitability and prevent the company from maintaining its historical margin profile.
An aggressive acquisition strategy to expand service lines sports integration risks and may lead to overvaluation of targets, leaving the firm vulnerable to unexpected capital expenditures or goodwill write-downs if deals underperform.
FirstService’s extensive property management footprint, especially through FirstService Residential, provides a reliable stream of recurring fees, offering visibility into cash flow and cushioning against economic swings.
Its diversified services portfolio – including restoration, painting, and brand-related offerings – presents clear cross-selling opportunities, enhancing client lifetime value and contributing to organic growth.
A robust balance sheet and prudent capital structure enable it to fund strategic tuck-in acquisitions or technology investments that further cement its leadership and expand its presence in high-margin niches such as HOA management.
Revenue & Expenses Breakdown
FirstService Corp
Earnings Waterfall
FirstService Corp
Wall St
Price Targets
FSV Price Targets Summary
FirstService Corp
According to Wall Street analysts, the average 1-year price target for
FSV
is 210.69 CAD
with a low forecast of 191.25 CAD and a high forecast of 225.75 CAD.
The intrinsic value of one
FSV
stock under the Base Case scenario is
254.37
CAD.
Compared to the current market price of 216.27 CAD,
FirstService Corp
is
Undervalued by 15%.
