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FirstService Corporation FSV
Real Estate - Real Estate - Services - NASDAQ - CA
Watchlist
$ 182.36
1.28 %
$ 8.23 B
Market Cap
75.67
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one FSV stock under the worst case scenario is HIDDEN Compared to the current market price of 182 USD, FirstService Corporation is HIDDEN

FSV Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one FSV stock under the base case scenario is HIDDEN Compared to the current market price of 182 USD, FirstService Corporation is HIDDEN

FSV Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one FSV stock under the best case scenario is HIDDEN Compared to the current market price of 182 USD, FirstService Corporation is HIDDEN

FSV Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart FSV

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1M 0%
6M 11%
1Y 12%
3Y 16%
5Y 88%
All
FINANCIALS
4.33 B REVENUE
15.72%
Growth Rates
1Year 15.72%
3Years 16.06%
5Years 17.55%
7Years 16.56%
10Years 6.34%
245 M OPERATING INCOME
11.81%
Growth Rates
1Year 11.81%
3Years 13.07%
5Years 13.93%
7Years 15.27%
10Years 10.50%
100 M NET INCOME
-30.77%
Growth Rates
1Year -30.77%
3Years -2.88%
5Years 2.15%
7Years 9.19%
10Years 9.20%
286 M OPERATING CASH FLOW
169.61%
Growth Rates
1Year 169.61%
3Years -0.72%
5Years 23.48%
7Years 14.75%
10Years 9.40%
-646 M INVESTING CASH FLOW
-301.95%
Growth Rates
1Year -301.95%
3Years -65.62%
5Years -43.50%
7Years -25.63%
10Years -37.23%
414 M FINANCING CASH FLOW
2103.95%
Growth Rates
1Year 2103.95%
3Years 95.79%
5Years 82.51%
7Years 54.72%
10Years 26.62%
1.41 B REVENUE
8.49%
Growth Rates
1Year 15.72%
3Years 16.06%
5Years 17.55%
7Years 16.56%
10Years 6.34%
114 M OPERATING INCOME
31.95%
Growth Rates
1Year 11.81%
3Years 13.07%
5Years 13.93%
7Years 15.27%
10Years 10.50%
77.8 M NET INCOME
121.85%
Growth Rates
1Year -30.77%
3Years -2.88%
5Years 2.15%
7Years 9.19%
10Years 9.20%
77 M OPERATING CASH FLOW
-41.03%
Growth Rates
1Year 169.61%
3Years -0.72%
5Years 23.48%
7Years 14.75%
10Years 9.40%
-26.9 M INVESTING CASH FLOW
83.60%
Growth Rates
1Year -301.95%
3Years -65.62%
5Years -43.50%
7Years -25.63%
10Years -37.23%
-45.5 M FINANCING CASH FLOW
-56.71%
Growth Rates
1Year 2103.95%
3Years 95.79%
5Years 82.51%
7Years 54.72%
10Years 26.62%
Balance Sheet FirstService Corporation
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Current Assets 1.36 B
Cash & Short-Term Investments 188 M
Receivables 842 M
Other Current Assets 331 M
Non-Current Assets 2.26 B
Long-Term Investments 0
PP&E 422 M
Other Non-Current Assets 1.84 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
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Revenue 4.33 B
Cost Of Revenue 2.95 B
Gross Profit 1.39 B
Operating Expenses 1.14 B
Operating Income 245 M
Other Expenses 145 M
Net Income 100 M
RATIOS
32.01% GROSS MARGIN
32.01%
Averages
1Year 32.01%
3Years 31.91%
5Years 32.06%
7Years 31.75%
10Years 31.08%
5.65% OPERATING MARGIN
5.65%
Averages
1Year 5.65%
3Years 5.90%
5Years 3.38%
7Years 4.26%
10Years 4.55%
2.32% NET MARGIN
2.32%
Averages
1Year 2.32%
3Years 3.24%
5Years 0.68%
7Years 1.42%
10Years 1.50%
9.85% ROE
9.85%
Averages
1Year 9.85%
3Years 13.37%
5Years -0.03%
7Years 7.70%
10Years 9.34%
2.77% ROA
2.77%
Averages
1Year 2.77%
3Years 4.17%
5Years 0.97%
7Years 2.53%
10Years 2.77%
8.04% ROIC
8.04%
Averages
1Year 8.04%
3Years 9.46%
5Years 4.54%
7Years 8.26%
10Years 9.15%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis FirstService Corporation
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Net Income 100 M
Depreciation & Amortization 128 M
Capital Expenditures -92.7 M
Stock-Based Compensation 21.4 M
Change in Working Capital -5.73 M
Others 145 M
Free Cash Flow 188 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets FirstService Corporation
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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 2.54%
FSV Average Price Target Wall Street Target
193 USD 5.83%
FSV Highest Price Target Wall Street Target
200 USD 9.67%
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.

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-3.64 USD
CWK
Overvalued 127.36%

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.

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14.1 USD
CBRE
Overvalued 89.67%

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.

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191 USD
JLL
Overvalued 26.84%

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.

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-296 USD
MMI
Overvalued 908.95%

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.

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-13.7 USD
MLP
Overvalued 169.15%

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.

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29.4 USD
FRPH
Overvalued 3.39%

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.

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-69.4 USD
TCI
Overvalued 341.21%

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

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9.55 USD
HOUS
Undervalued 182.54%

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

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0.321 USD
RMAX
Overvalued 96.79%

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.

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-238 USD
NYC
Overvalued 2806.54%

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

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-78.8 USD
FTHM
Overvalued 5609.86%
6. Ownership
Insider Ownership FirstService Corporation
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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
FirstService: Brands Segment Offsets Residential Segment Weakness FirstService's Q3'24 results were strong, driven by 25% growth in restoration brands and the acquisition of Roofing Corp of America, despite challenges in the residential segment. The company expects Q4'24 revenue growth to exceed 20%, with annual consolidated revenue growth approaching 20% for FY'24, showing continued momentum and resilience. Risks include weather unpredictability affecting restoration services and regulatory challenges in the residential segment, but the company's diversified business model mitigates these risks. seekingalpha.com - 1 month ago
FirstService (FSV) Upgraded to Buy: Here's What You Should Know FirstService (FSV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 1 month ago
FirstService Declares Quarterly Cash Dividend on Common Shares TORONTO, Dec. 05, 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 January 7, 2025 to holders of Common Shares of record at the close of business on December 31, 2024. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes. globenewswire.com - 1 month ago
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 - 2 months 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 - 2 months 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 - 2 months 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 - 2 months 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 - 2 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months ago
8. Profile Summary

FirstService Corporation FSV

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COUNTRY CA
INDUSTRY Real Estate - Services
MARKET CAP $ 8.23 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. Douglas G. Cooke CPA Senior Vice President, Corporate Controller & Corporate Secretary Mr. Steve Carpenter Senior Vice President of Technology, Sustainability & Information Services Mr. Alex Nguyen C.F.A. Senior Vice President of Strategy & Corporate Development Mr. David Diestel Chief Executive Officer of FirstService Residential Ms. Sarah Alberts Director of Marketing & Communications of FirstService Residential Ontario Mr. D. Scott Patterson President, Chief Executive Officer & Non-Independent Director Mr. Jeremy Alan Rakusin Chief Financial Officer Patrick Tran Senior Vice President of Tax Mr. Jay Stewart Hennick CM Founder & Independent Chairman of the Board Mr. Charlie E. Chase Chief Executive Officer & President of FirstService Brands