Company Valuation: FirstService Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,630 5,417 7,254 8,191 7,116 6,005 - -
Change - -37.23% 33.93% 12.91% -13.12% -15.62% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 6,694 6,357 6,073
Change - -30.3% 37.14% 12.09% -13% -16.79% -5.03% -4.47%
P/E 64.4x 45x 72.6x 60.9x 49.1x 32.4x 27.7x 24.5x
PBR - 5.97x 7.09x 6.9x 5.18x 3.79x 3.39x 3.05x
PEG - -4.2x -4.1x 1.9x 7.29x 1.2x 1.6x 1.9x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.03x 0.97x 0.94x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.15x 1.03x 0.95x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 11.3x 10x 9.25x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 18.6x 15.7x 14x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 21.7x 20.3x 16.3x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.61% 4.93% 6.15%
Dividend per Share 2 - 0.81 0.9 1 - 1.195 1.3 1.429
Rate of return - 0.66% 0.55% 0.55% - 0.91% 1% 1.09%
EPS 2 3.05 2.72 2.24 2.97 3.17 4.035 4.722 5.339
Distribution rate - 29.8% 40.2% 33.7% - 29.6% 27.5% 26.8%
Net sales 1 3,249 3,746 4,335 5,217 5,498 5,820 6,193 6,409
EBITDA 1 327.4 351.7 415.7 513.7 562.8 590.5 635 656.3
EBIT 1 201.6 219 244.9 337.5 338.1 360.7 405.8 434.2
Net income 1 135.2 121.1 100.4 134.4 145 185.1 216.9 243
Net Debt 1 - 598.2 994.5 1,055 928.3 689.1 352.2 67.92
Reference price 2 196.45 122.51 162.54 180.97 155.68 130.59 130.59 130.59
Nbr of stocks (in thousands) 43,930 44,214 44,633 45,262 45,712 45,982 - -
Announcement Date 2/15/22 A 2/7/23 A 2/6/24 A 2/5/25 A 2/4/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.37x1.15x11.34x0.91% 6B
20.09x0.9x11.02x-.--% 38.05B
19.25x0.71x6.68x2.5% 17.28B
13.2x0.48x8.43x-.--% 13.68B
17.08x3.45x11.01x5.82% 11.2B
19.43x8.27x15.38x4.74% 9.73B
37.34x2.18x8.54x-.--% 6.94B
45.46x1.03x7.85x0.35% 4.58B
36.88x15.31x - 1.72% 4.66B
10.57x0.44x6.53x-.--% 2.99B
Average 25.17x 3.39x 9.64x 1.6% 11.51B
Weighted average by Cap. 21.92x 2.36x 10.01x 1.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. FSV Stock
  4. Valuation FirstService Corporation
-40%: Exceptional extension
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