FirstService Corporation (NASDAQ:FSV)

FirstService Corporation FSV

Real Estate - Real Estate - Services - NASDAQ - CA

Watchlist

$ 186.16

0.486 %

$ 8.4 B

Market Cap

77.57

P/E

1. INTRINSIC VALUE

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment also provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service swimming pool and amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage.[ Read More ]

The intrinsic value of one FSV stock under the base case scenario is HIDDEN Compared to the current market price of 186 USD, FirstService Corporation is HIDDEN

FSV Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart FSV

FINANCIALS

Annual
Quarterly

4.41 B REVENUE

Growth Rates

1Year 17.84%

3Years 16.77%

5Years 17.97%

7Years 16.86%

10Years 6.54%

271 M OPERATING INCOME

Growth Rates

1Year 23.86%

3Years 16.99%

5Years 16.29%

7Years 16.97%

10Years 11.64%

102 M NET INCOME

Growth Rates

1Year -29.50%

3Years -2.29%

5Years 2.52%

7Years 9.48%

10Years 9.40%

286 M OPERATING CASH FLOW

Growth Rates

1Year 169.61%

3Years -0.72%

5Years 23.48%

7Years 14.75%

10Years 9.40%

-663 M INVESTING CASH FLOW

Growth Rates

1Year -312.03%

3Years -67.00%

5Years -44.22%

7Years -26.08%

10Years -37.57%

426 M FINANCING CASH FLOW

Growth Rates

1Year 2167.60%

3Years 97.16%

5Years 83.55%

7Years 55.35%

10Years 26.91%

1.41 B REVENUE

Growth Rates

1Year 17.84%

3Years 16.77%

5Years 17.97%

7Years 16.86%

10Years 6.54%

114 M OPERATING INCOME

Growth Rates

1Year 23.86%

3Years 16.99%

5Years 16.29%

7Years 16.97%

10Years 11.64%

77.8 M NET INCOME

Growth Rates

1Year -29.50%

3Years -2.29%

5Years 2.52%

7Years 9.48%

10Years 9.40%

77 M OPERATING CASH FLOW

Growth Rates

1Year 169.61%

3Years -0.72%

5Years 23.48%

7Years 14.75%

10Years 9.40%

-26.9 M INVESTING CASH FLOW

Growth Rates

1Year -312.03%

3Years -67.00%

5Years -44.22%

7Years -26.08%

10Years -37.57%

-45.5 M FINANCING CASH FLOW

Growth Rates

1Year 2167.60%

3Years 97.16%

5Years 83.55%

7Years 55.35%

10Years 26.91%

Balance Sheet Decomposition FirstService Corporation

3.61 B ASSETS
2.26 B LIABILITIES

Current Assets	1.36 B
Cash & Short-Term Investments	206 M
Receivables	842 M
Other Current Assets	313 M
Non-Current Assets	2.26 B
Long-Term Investments	-50 M
PP&E	420 M
Other Non-Current Assets	1.89 B

Current Liabilities	771 M
Accounts Payable	143 M
Short-Term Debt	88 M
Other Current Liabilities	539 M
Non-Current Liabilities	1.5 B
Long-Term Debt	1.33 B
Other Non-Current Liabilities	169 M

EFFICIENCY

Earnings Waterfall FirstService Corporation

Revenue	4.41 B
Cost Of Revenue	3.13 B
Gross Profit	1.28 B
Operating Expenses	1.01 B
Operating Income	271 M
Other Expenses	169 M
Net Income	102 M

RATIOS

29.06% GROSS MARGIN

Averages

1Year 29.06%

3Years 30.92%

5Years 31.47%

7Years 31.33%

10Years 30.79%

6.15% OPERATING MARGIN

Averages

1Year 6.15%

3Years 6.07%

5Years 3.48%

7Years 4.33%

10Years 4.60%

2.27% NET MARGIN

Averages

1Year 2.27%

3Years 3.22%

5Years 0.67%

7Years 1.41%

10Years 1.50%

9.85% ROE

Averages

1Year 9.85%

3Years 13.37%

5Years -0.03%

7Years 7.70%

10Years 9.34%

2.78% ROA

Averages

1Year 2.78%

3Years 4.18%

5Years 0.97%

7Years 2.53%

10Years 2.78%

8.91% ROIC

Averages

1Year 8.91%

3Years 9.75%

5Years 4.72%

7Years 8.38%

10Years 9.23%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis FirstService Corporation

Net Income	102 M
Depreciation & Amortization	130 M
Capital Expenditures	-94.4 M
Stock-Based Compensation	22.4 M
Change in Working Capital	-5.73 M
Others	140 M
Free Cash Flow	191 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets FirstService Corporation

Wall Street analysts predict an average 1-year price target for FSV of $193 , with forecasts ranging from a low of $187 to a high of $200 .

FSV Lowest Price Target Wall Street Target

187 USD 0.45%

FSV Average Price Target Wall Street Target

193 USD 3.67%

FSV Highest Price Target Wall Street Target

200 USD 7.43%

4. DIVIDEND ANALYSIS

0.14% DIVIDEND YIELD

0.25 USD DIVIDEND PER SHARE

5. COMPETITION

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally.

2.62 USD

CWK

Overvalued 81.11%

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments.

72.4 USD

CBRE

Overvalued 44.44%

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

171 USD

JLL

Overvalued 34.52%

Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada.

8.12 USD

MMI

Overvalued 80.01%

Maui Land & Pineapple Company, Inc., together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States.

3.01 USD

MLP

Overvalued 86.85%

FRP Holdings, Inc. engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture.

65.6 USD

FRPH

Undervalued 110.41%

Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including apartments, office buildings, shopping centers, and developed and undeveloped land.

-0.143 USD

TCI

Overvalued 100.52%

Anywhere Real Estate Inc., through its subsidiaries, provides residential real estate services. It operates through three segments: Realogy Franchise Group, and Realogy Brokerage Group.

69.3 USD

HOUS

Undervalued 1646.63%

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally.

0.0397 USD

RMAX

Overvalued 99.64%

New York City REIT, Inc. (NYSE: NYC) is a publicly traded real estate investment trust listed on the NYSE that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.

0.00238 USD

NYC

Overvalued 99.97%

Fathom Holdings Inc. provides cloud-based real estate brokerage services in the South, Atlantic, Southwest, and Western parts of the United States.

0 USD

FTHM

Overvalued 100.00%

6. Ownership

Insider Ownership FirstService Corporation

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price

7. News

Colliers International Group Inc. (CIGI) Q3 2024 Earnings Call Transcript Colliers International Group Inc. (NASDAQ:CIGI ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Jay Hennick - Global Chairman and CEO Christian Mayer - CFO Chris McLernon - CEO, Real Estate Services Conference Call Participants Stephen Sheldon - William Blair Jimmy Shan - RBC Capital Markets Himanshu Gupta - Scotia Capital Daryl Young - Stifel Frederic Bastien - Raymond James Operator Welcome to the Colliers International Third Quarter Investors Conference Call. Today's call is being recorded. seekingalpha.com - 1 week ago

FirstService Corporation, Inc. (FSV) Q3 2024 Earnings Call Transcript FirstService Corporation, Inc. (NASDAQ:FSV ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Scott Patterson - CEO Jeremy Rakusin - CFO Conference Call Participants Stephen Sheldon - William Blair Stephen MacLeod - BMO Capital Markets Daryl Young - Stifel Himanshu Gupta - Scotia Bank Operator Good day, and thank you for standing by. Welcome to the FirstService Corporation Third Quarter 2024 Earnings Conference Call. seekingalpha.com - 3 weeks ago

FirstService (FSV) Q3 Earnings and Revenues Beat Estimates FirstService (FSV) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.25 per share a year ago. zacks.com - 3 weeks ago

FirstService Reports Third Quarter 2024 Results Operating highlights: Three months ended Nine months ended September 30 September 30 2024 2023 2024 2023 Revenues (millions) $ 1,396.0 $ 1,117.1 $ 3,851.5 $ 3,255.3 Adjusted EBITDA (millions) (note 1) 160.0 111.9 375.8 312.4 Adjusted EPS (note 2) 1.63 1.25 3.66 3.56 GAAP Operating Earnings 125.9 73.6 247.9 196.8 GAAP EPS 1.34 0.73 2.26 2.10 TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today reported strong results for its third quarter ended September 30, 2024. All amounts are in US dollars. globenewswire.com - 3 weeks ago

First Onsite expands its presence in New England with key hirings GREENWOOD VILLAGE, Colo., Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Onsite Property Restoration (First Onsite), one of North America's largest disaster recovery and restoration providers for commercial enterprises announced it has expanded its presence in New England by hiring a team of seasoned and long-established commercial restoration professionals in Massachusetts. globenewswire.com - 3 weeks ago

FirstService (FSV) Reports Next Week: Wall Street Expects Earnings Growth FirstService (FSV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 1 month ago

FirstService to Announce Third Quarter Results on October 24, 2024 TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the third quarter ended September 30, 2024 by press release on Thursday, October 24, 2024 at approximately 7:30 am ET. globenewswire.com - 1 month ago

APOLLO and FirstService Residential Partner to Offer Digital Insurance to Residents TORONTO--(BUSINESS WIRE)--APOLLO Insurance, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, has partnered with FirstService Residential, North America's largest residential property management company, to provide instant digital insurance solutions specifically designed for tenants across Alberta. APOLLO's digital platform launched in 2019 and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partn. businesswire.com - 1 month ago

First Onsite Presents Live Burn and Education Seminar in Freeport, Il Training burn of a structure and vehicles designed for fire and safety awareness Illinois Live Burn And Education event Picture shows a training burn in Twins Lakes, WI. in June for fire safety awareness. globenewswire.com - 1 month ago

FirstService Declares Quarterly Cash Dividend on Common Shares TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common shares of US$0.25 per Common Share. The dividend is payable on October 7, 2024 to holders of Common Shares of record at the close of business on September 30, 2024. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes. globenewswire.com - 2 months ago

FirstService Announces Normal Course Issuer Bid TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares. globenewswire.com - 2 months ago

Colliers International Group Inc. (CIGI) Q2 2024 Earnings Call Transcript Colliers International Group Inc. (NASDAQ:CIGI ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Christian Mayer – CFO Chris McLernon – CEO, Real Estate Services Jay Hennick – Global Chairman and CEO Conference Call Participants Stephen MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Khing Shan - RBC Capital Markets Himanshu Gupta - Scotiabank Frederic Bastien - Raymond James Daryl Young - Stifel Nicolaus Operator Welcome to the Colliers International Second Quarter Investors Conference Call. Legal Counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties. seekingalpha.com - 3 months ago

8. Profile Summary

FirstService Corporation FSV

COUNTRY CA

INDUSTRY Real Estate - Services

MARKET CAP $ 8.4 B

Dividend Yield 0.14%

Description FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment also provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service swimming pool and amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. The FirstService Brands segment operates and provides essential property services to residential and commercial customers, through five franchise networks; and company-owned locations, including 20 California Closets, 12 Paul Davis Restoration, and 1 CertaPro Painters locations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, First Onsite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.

Contact 1255 Bay Street, Toronto, ON, M5R 2A9 https://www.firstservice.com

IPO Date June 2, 2015

Employees 30000

Officers Mr. Steve Carpenter Senior Vice President of Technology, Sustainability & Information Services Ms. Sarah Alberts Director of Marketing & Communications of FirstService Residential Ontario Mr. David Diestel Chief Executive Officer of FirstService Residential Mr. Jay Stewart Hennick CM Founder & Independent Chairman of the Board Patrick Tran Senior Vice President of Tax Mr. Charlie E. Chase Chief Executive Officer & President of FirstService Brands Mr. Jeremy Alan Rakusin Chief Financial Officer Mr. Alex Nguyen Senior Vice President of Strategy & Corporate Development Mr. D. Scott Patterson President, Chief Executive Officer & Non-Independent Director Mr. Douglas G. Cooke Senior Vice President, Corporate Controller & Corporate Secretary

Price Chart FSV

FirstService Corporation FSV

Premium Plan

Unlimited Plan