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FirstService Corp
TSX:FSV

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FirstService Corp
TSX:FSV
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Price: 212.21 CAD 1.35% Market Closed
Updated: Apr 25, 2024
Section:
 

Intrinsic Value

FirstService Corp. engages in the provision of property services. [ Read More ]

The intrinsic value of one FSV stock under the Base Case scenario is 237.31 CAD. Compared to the current market price of 212.21 CAD, FirstService Corp is Undervalued by 11%.

Key Points:
FSV Intrinsic Value
Base Case
237.31 CAD
Undervaluation 11%
Intrinsic Value
Price
F
Worst Case
Base Case
Best Case
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Fundamental Analysis

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FirstService Corp

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does FirstService Corp face in the near future?

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for FirstService Corp with those of its competitors based on recent analyst estimates.

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of FirstService Corp and its key competitors using the latest financial data.

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of FirstService Corp against its competitors.

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(gross, operating, and net) of FirstService Corp compared to its peers.

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of FirstService Corp against its peers.

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comparing FirstService Corp with its peers.

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over the last 5 years for FirstService Corp?

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trend over the past five years for FirstService Corp.

Popular Strategic Analysis Valuation Future Outlook Peer Analysis Profitability Solvency Financials
Financials
Revenue
Operating Income
Net Income
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Balance Sheet Decomposition
FirstService Corp

3.6B
Assets
2.6B
Liabilities
3.6B
Assets
2.6B
Liabilities
Current Assets 1.4B
Cash & Short-Term Investments 187.6m
Receivables 851m
Other Current Assets 322.3m
Non-Current Assets 2.3B
PP&E 422.5m
Intangibles 1.8B
Other Non-Current Assets 34.4m
Current Liabilities 770.8m
Accounts Payable 143.3m
Accrued Liabilities 378.6m
Other Current Liabilities 248.8m
Non-Current Liabilities 1.8B
Long-Term Debt 1.1B
Other Non-Current Liabilities 685.8m
Efficiency

Earnings Waterfall
FirstService Corp

Revenue
4.3B USD
Cost of Revenue
-2.9B USD
Gross Profit
1.4B USD
Operating Expenses
-1.1B USD
Operating Income
266.4m USD
Other Expenses
-166m USD
Net Income
100.4m USD
Gross Margin
Operating Margin
Net Margin
FCF Margin
ROE
ROA
ROIC
ROCE

Free Cash Flow Analysis
FirstService Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
Fundamental Scores

FSV Profitability Score
Profitability Due Diligence

FirstService Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Years Revenue Growth
Positive 3-Year Average ROE
Positive Free Cash Flow
52/100
Profitability
Score

FirstService Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

FSV Solvency Score
Solvency Due Diligence

FirstService Corp's solvency score is 47/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Average D/E
47/100
Solvency
Score

FirstService Corp's solvency score is 47/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FSV Price Targets Summary
FirstService Corp

Wall Street analysts forecast FSV stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FSV is 181.08 CAD with a low forecast of 144.43 CAD and a high forecast of 215.25 CAD.

FSV Lowest Forecast
Wall Street Target
144.43 CAD
32% Downside
FSV Average Forecast
Wall Street Target
181.08 CAD
15% Downside
FSV Highest Forecast
Wall Street Target
215.25 CAD
1% Upside
Lowest
Price Target
144.43 CAD
32% Downside
Average
Price Target
181.08 CAD
15% Downside
Highest
Price Target
215.25 CAD
1% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

FSV Price
FirstService Corp

1M 1M
-5%
6M 6M
+12%
1Y 1Y
+9%
3Y 3Y
+2%
5Y 5Y
+84%
10Y 10Y
+1 261%
Annual Price Range
212.21
52w Low
188.31
52w High
231.62
Price Metrics
Average Annual Return 14.19%
Standard Deviation of Annual Returns 34.49%
Max Drawdown -43%
Shares Statistics
Market Capitalization 9.5B CAD
Shares Outstanding 44 971 400
Percentage of Shares Shorted 0.94%

FSV Return Decomposition
Main factors of price return

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Company Profile

FirstService Corp

Country

Canada

Industry

Real Estate

Market Cap

9.5B CAD

Dividend Yield

0.64%

Description

FirstService Corp. engages in the provision of property services. The company is headquartered in Toronto, Ontario and currently employs 25,000 full-time employees. The company went IPO on 2015-05-27. The firm operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment is engaged in managing private residential communities, offering a range of services across multiple geographies to a variety of clients, including condominiums (high and low rise), co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and a variety of other residential developments governed by common interest or multi-unit residential community associations. The FirstService Brands segment is engaged in operating and providing essential property services to residential and commercial customers. The principal brands in this division include Paul Davis Restoration, Interstate Restoration, FirstOnSite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International.

Contact

ONTARIO
TORONTO
1255 Bay Street, Suite 600
+14169609500.0
http://www.firstservice.com

IPO

2015-05-27

Employees

25 000

Officers

CEO & Non-Independent Director
Mr. D. Scott Patterson
Chief Financial Officer
Mr. Jeremy Alan Rakusin
Senior Vice President of Technology, Sustainability & Information Services
Mr. Steve Carpenter
Senior Vice President of Strategy & Corporate Development
Mr. Alex Nguyen
Senior VP, Corporate Controller & Corporate Secretary
Mr. Douglas G. Cooke
Founder & Independent Chairman of the Board
Mr. Jay Stewart Hennick CM
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Director of Marketing & Communications of FirstService Residential Ontario
Ms. Sarah Alberts
Senior Vice President of Tax
Patrick Tran
CEO & President of FirstService Brands
Mr. Charlie E. Chase
Chief Executive Officer of FirstService Residential
Mr. David Diestel
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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
What is the Intrinsic Value of one FSV stock?

The intrinsic value of one FSV stock under the Base Case scenario is 237.31 CAD.

Is FSV stock undervalued or overvalued?

Compared to the current market price of 212.21 CAD, FirstService Corp is Undervalued by 11%.

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