FIRSTSERVICE CORP (FSV.CA) Stock Fundamental Analysis
TSX:FSV • CA33767E2024
212.6 CAD
-2.34 (-1.09%)
Last: Mar 2, 2026, 07:00 PM
Overall FSV gets a fundamental rating of 4 out of 10. We evaluated FSV against 30 industry peers in the Real Estate Management & Development industry. Both the profitability and the financial health of FSV get a neutral evaluation. Nothing too spectacular is happening here. FSV is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year FSV was profitable.
- FSV had a positive operating cash flow in the past year.
- In the past 5 years FSV has always been profitable.
- FSV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.39%, FSV is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
- FSV has a Return On Equity of 10.54%. This is in the better half of the industry: FSV outperforms 76.67% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 7.43%, FSV belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- FSV had an Average Return On Invested Capital over the past 3 years of 7.05%. This is below the industry average of 11.03%.
- The last Return On Invested Capital (7.43%) for FSV is above the 3 year average (7.05%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.39% | ||
| ROE | 10.54% | ||
| ROIC | 7.43% |
ROA(3y)3.12%
ROA(5y)3.82%
ROE(3y)10.55%
ROE(5y)12.38%
ROIC(3y)7.05%
ROIC(5y)7.37%
1.3 Margins
- FSV has a Profit Margin (2.64%) which is in line with its industry peers.
- In the last couple of years the Profit Margin of FSV has declined.
- With a Operating Margin value of 6.37%, FSV is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
- In the last couple of years the Operating Margin of FSV has remained more or less at the same level.
- FSV has a Gross Margin of 33.58%. This is in the lower half of the industry: FSV underperforms 66.67% of its industry peers.
- FSV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.37% | ||
| PM (TTM) | 2.64% | ||
| GM | 33.58% |
OM growth 3Y2.2%
OM growth 5Y0.33%
PM growth 3Y-6.54%
PM growth 5Y-3.48%
GM growth 3Y2.15%
GM growth 5Y0.67%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FSV is destroying value.
- The number of shares outstanding for FSV has been increased compared to 1 year ago.
- Compared to 5 years ago, FSV has more shares outstanding
- Compared to 1 year ago, FSV has an improved debt to assets ratio.
2.2 Solvency
- FSV has a debt to FCF ratio of 3.40. This is a good value and a sign of high solvency as FSV would need 3.40 years to pay back of all of its debts.
- FSV has a better Debt to FCF ratio (3.40) than 90.00% of its industry peers.
- A Debt/Equity ratio of 0.78 indicates that FSV is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.78, FSV is in line with its industry, outperforming 43.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 3.4 | ||
| Altman-Z | N/A |
ROIC/WACC0.98
WACC7.56%
2.3 Liquidity
- FSV has a Current Ratio of 1.70. This is a normal value and indicates that FSV is financially healthy and should not expect problems in meeting its short term obligations.
- FSV's Current ratio of 1.70 is fine compared to the rest of the industry. FSV outperforms 66.67% of its industry peers.
- A Quick Ratio of 1.70 indicates that FSV should not have too much problems paying its short term obligations.
- The Quick ratio of FSV (1.70) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 15.20% over the past year.
- FSV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.86% yearly.
- Looking at the last year, FSV shows a small growth in Revenue. The Revenue has grown by 5.38% in the last year.
- Measured over the past years, FSV shows a quite strong growth in Revenue. The Revenue has been growing by 14.67% on average per year.
EPS 1Y (TTM)15.2%
EPS 3Y10.75%
EPS 5Y10.86%
EPS Q2Q%2.24%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y13.64%
Revenue growth 5Y14.67%
Sales Q2Q%1.32%
3.2 Future
- FSV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.06% yearly.
- Based on estimates for the next years, FSV will show a small growth in Revenue. The Revenue will grow by 4.89% on average per year.
EPS Next Y8.5%
EPS Next 2Y9.46%
EPS Next 3Y7.06%
EPS Next 5YN/A
Revenue Next Year6.8%
Revenue Next 2Y6.73%
Revenue Next 3Y4.89%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 27.01, the valuation of FSV can be described as expensive.
- FSV's Price/Earnings is on the same level as the industry average.
- When comparing the Price/Earnings ratio of FSV to the average of the S&P500 Index (27.13), we can say FSV is valued inline with the index average.
- With a Price/Forward Earnings ratio of 24.89, FSV is valued on the expensive side.
- 70.00% of the companies in the same industry are more expensive than FSV, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of FSV to the average of the S&P500 Index (28.11), we can say FSV is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.01 | ||
| Fwd PE | 24.89 |
4.2 Price Multiples
- 73.33% of the companies in the same industry are more expensive than FSV, based on the Enterprise Value to EBITDA ratio.
- FSV's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.34 | ||
| EV/EBITDA | 15.01 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FSV does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.18
PEG (5Y)2.49
EPS Next 2Y9.46%
EPS Next 3Y7.06%
5. Dividend
5.1 Amount
- FSV has a yearly dividend return of 0.66%, which is pretty low.
- Compared to an average industry Dividend Yield of 2.86, FSV has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, FSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
5.2 History
- The dividend of FSV is nicely growing with an annual growth rate of 10.78%!
- FSV has been paying a dividend for at least 10 years, so it has a reliable track record.
- FSV has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)10.78%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
- 33.70% of the earnings are spent on dividend by FSV. This is a low number and sustainable payout ratio.
- FSV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP33.7%
EPS Next 2Y9.46%
EPS Next 3Y7.06%
TSX:FSV (3/2/2026, 7:00:00 PM)
212.6
-2.34 (-1.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-04 2026-02-04/bmo
Earnings (Next)04-22 2026-04-22
Inst Owners78.28%
Inst Owner ChangeN/A
Ins Owners9.34%
Ins Owner ChangeN/A
Market Cap9.72B
Revenue(TTM)5.50B
Net Income(TTM)145.05M
Analysts81.67
Price Target211.37 (-0.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend1.47
Dividend Growth(5Y)10.78%
DP33.7%
Div Incr Years9
Div Non Decr Years9
Ex-Date03-31 2026-03-31 (0.305)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.01%
Min EPS beat(2)-0.07%
Max EPS beat(2)2.08%
EPS beat(4)3
Avg EPS beat(4)6.74%
Min EPS beat(4)-0.07%
Max EPS beat(4)14.88%
EPS beat(8)5
Avg EPS beat(8)3.95%
EPS beat(12)7
Avg EPS beat(12)3.21%
EPS beat(16)9
Avg EPS beat(16)2.21%
Revenue beat(2)0
Avg Revenue beat(2)-1.36%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)-0.4%
Revenue beat(4)1
Avg Revenue beat(4)-1.37%
Min Revenue beat(4)-2.81%
Max Revenue beat(4)0.05%
Revenue beat(8)5
Avg Revenue beat(8)0.57%
Revenue beat(12)8
Avg Revenue beat(12)1.16%
Revenue beat(16)12
Avg Revenue beat(16)1.58%
PT rev (1m)-0.64%
PT rev (3m)-0.64%
EPS NQ rev (1m)-7.33%
EPS NQ rev (3m)-7.33%
EPS NY rev (1m)0%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)-5.35%
Revenue NQ rev (3m)-5.35%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.01 | ||
| Fwd PE | 24.89 | ||
| P/S | 1.29 | ||
| P/FCF | 22.34 | ||
| P/OCF | 15.95 | ||
| P/B | 5.17 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.01 |
EPS(TTM)7.87
EY3.7%
EPS(NY)8.54
Fwd EY4.02%
FCF(TTM)9.51
FCFY4.48%
OCF(TTM)13.33
OCFY6.27%
SpS164.37
BVpS41.14
TBVpS-24.22
PEG (NY)3.18
PEG (5Y)2.49
Graham Number85.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.39% | ||
| ROE | 10.54% | ||
| ROCE | 10.3% | ||
| ROIC | 7.43% | ||
| ROICexc | 7.79% | ||
| ROICexgc | 23.83% | ||
| OM | 6.37% | ||
| PM (TTM) | 2.64% | ||
| GM | 33.58% | ||
| FCFM | 5.79% |
ROA(3y)3.12%
ROA(5y)3.82%
ROE(3y)10.55%
ROE(5y)12.38%
ROIC(3y)7.05%
ROIC(5y)7.37%
ROICexc(3y)7.49%
ROICexc(5y)7.9%
ROICexgc(3y)23.13%
ROICexgc(5y)24.38%
ROCE(3y)9.76%
ROCE(5y)10.21%
ROICexgc growth 3Y3.31%
ROICexgc growth 5Y-6.01%
ROICexc growth 3Y-1.16%
ROICexc growth 5Y-1.83%
OM growth 3Y2.2%
OM growth 5Y0.33%
PM growth 3Y-6.54%
PM growth 5Y-3.48%
GM growth 3Y2.15%
GM growth 5Y0.67%
F-Score7
Asset Turnover1.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 3.4 | ||
| Debt/EBITDA | 2 | ||
| Cap/Depr | 68.95% | ||
| Cap/Sales | 2.32% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 83.29% | ||
| Profit Quality | 219.4% | ||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | N/A |
F-Score7
WACC7.56%
ROIC/WACC0.98
Cap/Depr(3y)69.9%
Cap/Depr(5y)67.79%
Cap/Sales(3y)2.21%
Cap/Sales(5y)2.1%
Profit Quality(3y)178.32%
Profit Quality(5y)127.79%
High Growth Momentum
Growth
EPS 1Y (TTM)15.2%
EPS 3Y10.75%
EPS 5Y10.86%
EPS Q2Q%2.24%
EPS Next Y8.5%
EPS Next 2Y9.46%
EPS Next 3Y7.06%
EPS Next 5YN/A
Revenue 1Y (TTM)5.38%
Revenue growth 3Y13.64%
Revenue growth 5Y14.67%
Sales Q2Q%1.32%
Revenue Next Year6.8%
Revenue Next 2Y6.73%
Revenue Next 3Y4.89%
Revenue Next 5YN/A
EBIT growth 1Y8.38%
EBIT growth 3Y16.14%
EBIT growth 5Y15.05%
EBIT Next Year80.16%
EBIT Next 3Y26.13%
EBIT Next 5YN/A
FCF growth 1Y84.08%
FCF growth 3Y124.08%
FCF growth 5Y4.74%
OCF growth 1Y56.1%
OCF growth 3Y61.49%
OCF growth 5Y8.85%
FIRSTSERVICE CORP / FSV.CA FAQ
Can you provide the ChartMill fundamental rating for FIRSTSERVICE CORP?
ChartMill assigns a fundamental rating of 4 / 10 to FSV.CA.
Can you provide the valuation status for FIRSTSERVICE CORP?
ChartMill assigns a valuation rating of 2 / 10 to FIRSTSERVICE CORP (FSV.CA). This can be considered as Overvalued.
What is the profitability of FSV stock?
FIRSTSERVICE CORP (FSV.CA) has a profitability rating of 5 / 10.
What are the PE and PB ratios of FIRSTSERVICE CORP (FSV.CA) stock?
The Price/Earnings (PE) ratio for FIRSTSERVICE CORP (FSV.CA) is 27.01 and the Price/Book (PB) ratio is 5.17.
How sustainable is the dividend of FIRSTSERVICE CORP (FSV.CA) stock?
The dividend rating of FIRSTSERVICE CORP (FSV.CA) is 5 / 10 and the dividend payout ratio is 33.7%.