FIRSTSERVICE CORP (FSV) Stock Fundamental Analysis
USA - NASDAQ:FSV - CA33767E2024 - Common Stock
151.41 USD
-2.41 (-1.57%)
151.41 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to FSV. FSV was compared to 63 industry peers in the Real Estate Management & Development industry. While FSV has a great profitability rating, there are some minor concerns on its financial health. 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.
FSV had positive earnings in each of the past 5 years.
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 82.54% of its industry peers.
FSV has a better Return On Equity (10.34%) than 87.30% of its industry peers.
FSV's Return On Invested Capital of 7.35% is amongst the best of the industry. FSV outperforms 90.48% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FSV is in line with the industry average of 6.25%.
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 has a better Profit Margin (2.53%) than 68.25% of its industry peers.
In the last couple of years the Profit Margin of FSV has declined.
The Operating Margin of FSV (6.43%) is better than 68.25% of its industry peers.
In the last couple of years the Operating Margin of FSV has remained more or less at the same level.
FSV has a better Gross Margin (33.41%) than 63.49% of its industry peers.
In the last couple of years the Gross Margin of FSV has remained more or less at the same level.
| 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.
The number of shares outstanding for FSV has been increased compared to 1 year ago.
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 3.14. This indicates that FSV is financially healthy and has little risk of bankruptcy at the moment.
FSV has a Altman-Z score of 3.14. This is in the better half of the industry: FSV outperforms 73.02% 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.
Looking at the Debt to FCF ratio, with a value of 4.18, FSV is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
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 worse than 60.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 3.14 |
ROIC/WACC0.99
WACC7.42%
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.
FSV has a Current ratio (1.76) which is comparable to the rest of the industry.
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 of 1.44. This is comparable to the rest of the industry: FSV outperforms 46.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.13% over the past year.
The Earnings Per Share has been growing by 10.76% on average over the past years. This is quite good.
FSV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.13%.
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
Based on estimates for the next years, FSV will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.38% on average per year.
FSV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.25% yearly.
EPS Next Y15.57%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
EPS Next 5YN/A
Revenue Next Year5.94%
Revenue Next 2Y6.4%
Revenue Next 3Y6.25%
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 stable.
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
FSV is valuated quite expensively with a Price/Earnings ratio of 26.42.
FSV's Price/Earnings ratio is a bit cheaper when compared to the industry. FSV is cheaper than 73.02% of the companies in the same industry.
FSV is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.83, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 24.25 indicates a rather expensive valuation of FSV.
79.37% of the companies in the same industry are more expensive than FSV, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.68, FSV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.42 | ||
| Fwd PE | 24.25 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSV is valued a bit cheaper than 79.37% of the companies in the same industry.
77.78% of the companies in the same industry are more expensive than FSV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.92 | ||
| EV/EBITDA | 14.7 |
4.3 Compensation for Growth
FSV's 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)1.7
PEG (5Y)2.46
EPS Next 2Y11.74%
EPS Next 3Y11.38%
5. Dividend
5.1 Amount
FSV has a yearly dividend return of 0.66%, which is pretty low.
The stock price of FSV dropped by -23.35% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
FSV's Dividend Yield is rather good when compared to the industry average which is at 3.46. FSV pays more dividend than 82.54% of the companies in the same industry.
With a Dividend Yield of 0.66, FSV pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
5.2 History
On average, the dividend of FSV grows each year by 11.41%, which is quite nice.
FSV has been paying a dividend for at least 10 years, so it has a reliable track record.
FSV has decreased its dividend recently.
Dividend Growth(5Y)11.41%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
34.35% of the earnings are spent on dividend by FSV. This is a low number and 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%
151.41
-2.41 (-1.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners76.48%
Inst Owner Change-1.92%
Ins Owners9.37%
Ins Owner ChangeN/A
Market Cap6.90B
Revenue(TTM)5.48B
Net Income(TTM)138.54M
Analysts81.67
Price Target157.16 (3.8%)
Short Float %0.78%
Short Ratio2.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend0.97
Dividend Growth(5Y)11.41%
DP34.35%
Div Incr Years1
Div Non Decr Years1
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)-3.38%
PT rev (3m)-4.62%
EPS NQ rev (1m)-11.21%
EPS NQ rev (3m)-10.31%
EPS NY rev (1m)-2.7%
EPS NY rev (3m)1%
Revenue NQ rev (1m)-4.33%
Revenue NQ rev (3m)-4.46%
Revenue NY rev (1m)-1.88%
Revenue NY rev (3m)-1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.42 | ||
| Fwd PE | 24.25 | ||
| P/S | 1.26 | ||
| P/FCF | 23.92 | ||
| P/OCF | 16.55 | ||
| P/B | 5.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.7 |
EPS(TTM)5.73
EY3.78%
EPS(NY)6.24
Fwd EY4.12%
FCF(TTM)6.33
FCFY4.18%
OCF(TTM)9.15
OCFY6.04%
SpS120.16
BVpS29.37
TBVpS-18.68
PEG (NY)1.7
PEG (5Y)2.46
Graham Number61.54
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 | 3.14 |
F-Score7
WACC7.42%
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 5YN/A
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 5YN/A
EBIT growth 1Y16.15%
EBIT growth 3Y14.78%
EBIT growth 5Y16.98%
EBIT Next Year75.96%
EBIT Next 3Y25.91%
EBIT Next 5YN/A
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 FAQ
Can you provide the ChartMill fundamental rating for FIRSTSERVICE CORP?
ChartMill assigns a fundamental rating of 6 / 10 to FSV.
What is the valuation status for FSV stock?
ChartMill assigns a valuation rating of 5 / 10 to FIRSTSERVICE CORP (FSV). This can be considered as Fairly Valued.
What is the profitability of FSV stock?
FIRSTSERVICE CORP (FSV) has a profitability rating of 7 / 10.
Can you provide the financial health for FSV stock?
The financial health rating of FIRSTSERVICE CORP (FSV) is 4 / 10.
Can you provide the expected EPS growth for FSV stock?
The Earnings per Share (EPS) of FIRSTSERVICE CORP (FSV) is expected to grow by 15.57% in the next year.