Federal Signal Corporation

Federal Signal Corporation

FSSยทNYSE

$107.13

+0.79%
IndustrialsIndustrial - Pollution & Treatment Controls

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through Environmental Solutions Group, and Safety and Security Systems Group. The Environmental Solutions Group segment offers a range of street sweepers, safe-digging trucks ,sewer cleaners, industrial vacuum loaders, vacuum, and hydro-excavation trucks; road-marking, line-removal and waterblasting equipment, dump truck bodies, trailers, and metal extraction support equipment under the Elgin, Vactor, Guzzler, TRUVAC, Westech, Jetstream, Mark Rite Lines, Ox Bodies, Crysteel, J-Craft, Duraclass, Rugby, Travis, OSW, NTE, WTB, Ground Force, Bucks, and Switch-N-Go brand names. It also offers refuse and recycling collection vehicles, camera systems, ice resurfacing equipment, and snow-removal equipment, as well as safety, and security systems. In addition, this segment engages in the sale of parts, service and repair, equipment rental, and training activities. The Safety and Security Systems Group segment provides systems and products for community alerting, emergency vehicles, first responder interoperable communications, and industrial communications. Its products include vehicle lightbars and sirens, industrial signaling equipment, public warning systems, general alarm systems, and public address systems. This segment sells its products under the Federal Signal, Federal Signal VAMA, and Victor brand names. The company sells its products through wholesaler, distributor, independent manufacturer representative, original equipment manufacturer, and direct sales force, as well as independent foreign distributor. Federal Signal Corporation was founded in 1901 and is headquartered in Oak Brook, Illinois.

At a Glance

Live Snapshot
Market Cap$6.54B
EPS4.0600
P/E Ratio26.39
Earnings Date07/29/2026
Federal Signal Corporation

Federal Signal Corporation Fair Value Envelope

FSS ยท NYSE

Our analysis suggests that FSS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $107.13, this represents a potential HIDDEN relative to our calculated worth for Federal Signal Corporation.

Intrinsic Value
Current Price: $107.13

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$15.7B
+ Cash & Equivalents$63.7M
Firm Value$15.8B
- Debt$594.6M
Equity Value$15.2B
/ Shares Outstanding60,808,577B
DCF Value$249
UNDERVALUED BY 133%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$303.3M
$361.2M
$430.2M
$512.3M
$610.0M
$726.5M
$865.2M
$1.0B
$1.2B
$1.5B
Maintenance CapEx
-$6.6M
-$7.8M
-$9.3M
-$11.1M
-$13.2M
-$15.7M
-$18.8M
-$22.3M
-$26.6M
-$31.7M
Owner Earnings
$296.7M
$353.4M
$420.8M
$501.2M
$596.8M
$710.7M
$846.4M
$1.0B
$1.2B
$1.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$274.8M
$303.0M
$334.1M
$368.4M
$406.2M
$447.9M
$493.9M
$544.6M
$600.5M
$662.1M
Terminal Value represents 71.7% of Enterprise Value