FIRSTSERVICE CORP (FSV.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:FSV - CA33767E2024 - Common Stock
214.32 CAD
-2.16 (-1%)
Taking everything into account, FSV scores 5 out of 10 in our fundamental rating. FSV was compared to 33 industry peers in the Real Estate Management & Development industry. FSV has only an average score on both its financial health and profitability. FSV has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FSV had positive earnings in the past year.
FSV had a positive operating cash flow in the past year.
Each year in the past 5 years FSV has been profitable.
In the past 5 years FSV always reported a positive cash flow from operatings.
1.2 Ratios
FSV has a better Return On Assets (3.16%) than 72.73% of its industry peers.
FSV has a Return On Equity of 10.34%. This is amongst the best in the industry. FSV outperforms 81.82% of its industry peers.
FSV's Return On Invested Capital of 7.35% is amongst the best of the industry. FSV outperforms 84.85% of its industry peers.
FSV had an Average Return On Invested Capital over the past 3 years of 7.12%. This is below the industry average of 10.35%.
The 3 year average ROIC (7.12%) for FSV is below the current ROIC(7.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 10.34% | ||
| ROIC | 7.35% |
ROA(3y)3.45%
ROA(5y)3.94%
ROE(3y)11.49%
ROE(5y)12.92%
ROIC(3y)7.12%
ROIC(5y)7.44%
1.3 Margins
FSV's Profit Margin of 2.53% is in line compared to the rest of the industry. FSV outperforms 51.52% of its industry peers.
FSV's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 6.43%, FSV is not doing good in the industry: 69.70% of the companies in the same industry are doing better.
FSV's Operating Margin has been stable in the last couple of years.
The Gross Margin of FSV (33.41%) is worse than 63.64% of its industry peers.
FSV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.43% | ||
| PM (TTM) | 2.53% | ||
| GM | 33.41% |
OM growth 3Y-1.98%
OM growth 5Y0.22%
PM growth 3Y-14.78%
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y0.5%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FSV is destroying value.
Compared to 1 year ago, FSV has more shares outstanding
FSV has more shares outstanding than it did 5 years ago.
The debt/assets ratio for FSV has been reduced compared to a year ago.
2.2 Solvency
FSV has an Altman-Z score of 3.17. This indicates that FSV is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of FSV (3.17) is better than 75.76% of its industry peers.
The Debt to FCF ratio of FSV is 4.18, which is a neutral value as it means it would take FSV, 4.18 years of fcf income to pay off all of its debts.
FSV has a Debt to FCF ratio of 4.18. This is amongst the best in the industry. FSV outperforms 90.91% of its industry peers.
FSV has a Debt/Equity ratio of 0.89. This is a neutral value indicating FSV is somewhat dependend on debt financing.
The Debt to Equity ratio of FSV (0.89) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 3.17 |
ROIC/WACC0.99
WACC7.4%
2.3 Liquidity
FSV has a Current Ratio of 1.76. This is a normal value and indicates that FSV is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of FSV (1.76) is better than 60.61% of its industry peers.
A Quick Ratio of 1.44 indicates that FSV should not have too much problems paying its short term obligations.
FSV has a Quick ratio (1.44) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
FSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.13%, which is quite impressive.
Measured over the past years, FSV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.76% on average per year.
The Revenue has grown by 11.13% in the past year. This is quite good.
The Revenue has been growing by 16.73% on average over the past years. This is quite good.
EPS 1Y (TTM)20.13%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%7.98%
Revenue 1Y (TTM)11.13%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
3.2 Future
FSV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.04% yearly.
The Revenue is expected to grow by 5.15% on average over the next years.
EPS Next Y15.57%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
EPS Next 5Y9.04%
Revenue Next Year5.94%
Revenue Next 2Y6.4%
Revenue Next 3Y6.25%
Revenue Next 5Y5.15%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 26.76, which means the current valuation is very expensive for FSV.
The rest of the industry has a similar Price/Earnings ratio as FSV.
FSV is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 24.57 indicates a rather expensive valuation of FSV.
75.76% of the companies in the same industry are more expensive than FSV, based on the Price/Forward Earnings ratio.
FSV's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.76 | ||
| Fwd PE | 24.57 |
4.2 Price Multiples
75.76% of the companies in the same industry are more expensive than FSV, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FSV is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.29 | ||
| EV/EBITDA | 15.04 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FSV may justify a higher PE ratio.
PEG (NY)1.72
PEG (5Y)2.49
EPS Next 2Y11.74%
EPS Next 3Y11.38%
5. Dividend
5.1 Amount
With a yearly dividend of 0.66%, FSV is not a good candidate for dividend investing.
In the last 3 months the price of FSV has falen by -23.25%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.42, FSV has a dividend in line with its industry peers.
With a Dividend Yield of 0.66, FSV pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
5.2 History
The dividend of FSV is nicely growing with an annual growth rate of 11.41%!
FSV has paid a dividend for at least 10 years, which is a reliable track record.
As FSV did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)11.41%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
FSV pays out 34.35% of its income as dividend. This is a sustainable payout ratio.
The dividend of FSV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP34.35%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
TSX:FSV (12/5/2025, 7:00:00 PM)
214.32
-2.16 (-1%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners78.36%
Inst Owner ChangeN/A
Ins Owners9.34%
Ins Owner ChangeN/A
Market Cap9.80B
Revenue(TTM)5.48B
Net Income(TTM)138.54M
Analysts81.67
Price Target212.73 (-0.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend1.36
Dividend Growth(5Y)11.41%
DP34.35%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.41%
Min EPS beat(2)-0.07%
Max EPS beat(2)14.88%
EPS beat(4)2
Avg EPS beat(4)5.46%
Min EPS beat(4)-3.07%
Max EPS beat(4)14.88%
EPS beat(8)4
Avg EPS beat(8)3.31%
EPS beat(12)7
Avg EPS beat(12)3.22%
EPS beat(16)9
Avg EPS beat(16)3.1%
Revenue beat(2)1
Avg Revenue beat(2)-1.14%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)0.05%
Revenue beat(4)2
Avg Revenue beat(4)-0.8%
Min Revenue beat(4)-2.81%
Max Revenue beat(4)1.89%
Revenue beat(8)5
Avg Revenue beat(8)0.54%
Revenue beat(12)9
Avg Revenue beat(12)1.5%
Revenue beat(16)13
Avg Revenue beat(16)1.64%
PT rev (1m)-6.1%
PT rev (3m)-5.89%
EPS NQ rev (1m)-0.92%
EPS NQ rev (3m)-10.15%
EPS NY rev (1m)-2.7%
EPS NY rev (3m)-2.61%
Revenue NQ rev (1m)-0.71%
Revenue NQ rev (3m)-4.33%
Revenue NY rev (1m)-1.88%
Revenue NY rev (3m)-1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.76 | ||
| Fwd PE | 24.57 | ||
| P/S | 1.28 | ||
| P/FCF | 24.29 | ||
| P/OCF | 16.81 | ||
| P/B | 5.23 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.04 |
EPS(TTM)8.01
EY3.74%
EPS(NY)8.72
Fwd EY4.07%
FCF(TTM)8.82
FCFY4.12%
OCF(TTM)12.75
OCFY5.95%
SpS167.48
BVpS40.94
TBVpS-26.03
PEG (NY)1.72
PEG (5Y)2.49
Graham Number85.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 10.34% | ||
| ROCE | 10.13% | ||
| ROIC | 7.35% | ||
| ROICexc | 7.85% | ||
| ROICexgc | 23.97% | ||
| OM | 6.43% | ||
| PM (TTM) | 2.53% | ||
| GM | 33.41% | ||
| FCFM | 5.27% |
ROA(3y)3.45%
ROA(5y)3.94%
ROE(3y)11.49%
ROE(5y)12.92%
ROIC(3y)7.12%
ROIC(5y)7.44%
ROICexc(3y)7.62%
ROICexc(5y)8.09%
ROICexgc(3y)22.51%
ROICexgc(5y)26.24%
ROCE(3y)9.82%
ROCE(5y)10.25%
ROICexgc growth 3Y-9.1%
ROICexgc growth 5Y0.26%
ROICexc growth 3Y-5.76%
ROICexc growth 5Y0.74%
OM growth 3Y-1.98%
OM growth 5Y0.22%
PM growth 3Y-14.78%
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y0.5%
F-Score7
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 69.74% | ||
| Cap/Sales | 2.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.75% | ||
| Profit Quality | 208.34% | ||
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 3.17 |
F-Score7
WACC7.4%
ROIC/WACC0.99
Cap/Depr(3y)70.4%
Cap/Depr(5y)62.01%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.92%
Profit Quality(3y)112.97%
Profit Quality(5y)141.74%
High Growth Momentum
Growth
EPS 1Y (TTM)20.13%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%7.98%
EPS Next Y15.57%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
EPS Next 5Y9.04%
Revenue 1Y (TTM)11.13%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
Revenue Next Year5.94%
Revenue Next 2Y6.4%
Revenue Next 3Y6.25%
Revenue Next 5Y5.15%
EBIT growth 1Y16.15%
EBIT growth 3Y14.78%
EBIT growth 5Y16.98%
EBIT Next Year75.96%
EBIT Next 3Y25.91%
EBIT Next 5Y19.41%
FCF growth 1Y115.24%
FCF growth 3Y16.6%
FCF growth 5Y23.08%
OCF growth 1Y86.29%
OCF growth 3Y19.53%
OCF growth 5Y21.52%
FIRSTSERVICE CORP / FSV.CA FAQ
Can you provide the ChartMill fundamental rating for FIRSTSERVICE CORP?
ChartMill assigns a fundamental rating of 5 / 10 to FSV.CA.
What is the valuation status for FSV stock?
ChartMill assigns a valuation rating of 4 / 10 to FIRSTSERVICE CORP (FSV.CA). This can be considered as Fairly Valued.
What is the profitability of FSV stock?
FIRSTSERVICE CORP (FSV.CA) has a profitability rating of 6 / 10.
Can you provide the financial health for FSV stock?
The financial health rating of FIRSTSERVICE CORP (FSV.CA) is 5 / 10.
Can you provide the expected EPS growth for FSV stock?
The Earnings per Share (EPS) of FIRSTSERVICE CORP (FSV.CA) is expected to grow by 15.57% in the next year.