Fiera Capital Corporation is an employee owned investment manager. More Details
+ 1 more risk
Established dividend payer with reasonable growth potential.
Share Price & News
How has Fiera Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FSZ is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FSZ's weekly volatility (4%) has been stable over the past year.
7 Day Return
CA Capital Markets
1 Year Return
CA Capital Markets
Return vs Industry: FSZ underperformed the Canadian Capital Markets industry which returned -4.5% over the past year.
Return vs Market: FSZ underperformed the Canadian Market which returned 1.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Fiera Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Is The Ownership Structure Like For Fiera Capital Corporation (TSE:FSZ)?
1 month ago | Simply Wall StShareholders Of Fiera Capital (TSE:FSZ) Have Received 2.1% On Their Investment
2 months ago | Simply Wall StHow Much Did Fiera Capital's (TSE:FSZ) CEO Pocket Last Year?
Is Fiera Capital undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FSZ's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FSZ's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FSZ is poor value based on its PE Ratio (1168.1x) compared to the CA Capital Markets industry average (11.5x).
PE vs Market: FSZ is poor value based on its PE Ratio (1168.1x) compared to the Canadian market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: FSZ is poor value based on its PEG Ratio (14.7x)
Price to Book Ratio
PB vs Industry: FSZ is overvalued based on its PB Ratio (2.3x) compared to the CA Capital Markets industry average (1.3x).
How is Fiera Capital forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FSZ's forecast earnings growth (79.7% per year) is above the savings rate (1.5%).
Earnings vs Market: FSZ's earnings (79.7% per year) are forecast to grow faster than the Canadian market (25.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FSZ's revenue (3.7% per year) is forecast to grow slower than the Canadian market (7.9% per year).
High Growth Revenue: FSZ's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FSZ's Return on Equity is forecast to be high in 3 years time (36.3%)
How has Fiera Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FSZ has a large one-off loss of CA$44.9M impacting its September 30 2020 financial results.
Growing Profit Margin: FSZ became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FSZ's earnings have declined by 66.1% per year over the past 5 years.
Accelerating Growth: FSZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FSZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (20.6%).
Return on Equity
High ROE: FSZ's Return on Equity (1.6%) is considered low.
How is Fiera Capital's financial position?
Financial Position Analysis
Short Term Liabilities: FSZ's short term assets (CA$245.7M) exceed its short term liabilities (CA$164.8M).
Long Term Liabilities: FSZ's short term assets (CA$245.7M) do not cover its long term liabilities (CA$928.3M).
Debt to Equity History and Analysis
Debt Level: FSZ's debt to equity ratio (135%) is considered high.
Reducing Debt: FSZ's debt to equity ratio has increased from 52.6% to 135% over the past 5 years.
Debt Coverage: FSZ's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: FSZ's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is Fiera Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FSZ's dividend (7.45%) is higher than the bottom 25% of dividend payers in the Canadian market (1.54%).
High Dividend: FSZ's dividend (7.45%) is in the top 25% of dividend payers in the Canadian market (4.99%)
Stability and Growth of Payments
Stable Dividend: FSZ's dividends per share have been stable in the past 10 years.
Growing Dividend: FSZ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (8706.5%), FSZ's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FSZ's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean-Guy Desjardins (76 yo)
Mr. Jean-Guy Desjardins, C.M., L.SC. COMM., CFA is a Director of Fiera Comox Partners Inc. Mr. Desjardins has been Chairman and Chief Executive Officer of Fiera Capital Corporation at Aquila Infrastructure...
CEO Compensation Analysis
Compensation vs Market: Jean-Guy's total compensation ($USD3.72M) is above average for companies of similar size in the Canadian market ($USD1.16M).
Compensation vs Earnings: Jean-Guy's compensation has been consistent with company performance over the past year.
|Chairman & CEO||no data||CA$4.74m||0.26% |
|Global President & COO||0.83yr||CA$2.07m||0.036% |
|Executive VP & Global CFO||2.25yrs||CA$1.52m||0.017% |
|President & CEO of Private Alternative Investments||no data||CA$1.69m||0.14% |
|Global Chief Technology & Operations Officer||no data||no data||0.0094% |
|Director of Investor Relations & Public Affairs||no data||no data||no data|
|Executive VP||1.08yrs||no data||0.0053% |
|Interim Chief Compliance Officer||1.08yrs||no data||no data|
|Senior VP of Global HR & Corporate Communications and Chief HR Officer||no data||no data||0% |
|Senior VP & Investment Counsellor||no data||no data||no data|
|Senior VP and Senior Investment Counsellor of National Network Head & Private Wealth Canada||no data||no data||no data|
|Executive VP & Head of Finance||10.33yrs||CA$446.44k||no data|
Experienced Management: FSZ's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|Chairman & CEO||no data||CA$4.74m||0.26% |
|Independent Director||10.33yrs||no data||0.58% |
|Independent Director||2.58yrs||CA$63.50k||0.0096% |
|Independent Lead Director||no data||CA$102.95k||0.047% |
|Independent Director||7.67yrs||CA$88.25k||no data|
|Independent Director||1.67yrs||no data||no data|
|Independent Director||2.58yrs||CA$69.25k||no data|
|Independent Director||1.67yrs||CA$36.42k||0.0096% |
|Independent Director||4.67yrs||no data||no data|
|Director||7.67yrs||no data||no data|
Experienced Board: FSZ's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FSZ insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.
Fiera Capital Corporation's company bio, employee growth, exchange listings and data sources
- Name: Fiera Capital Corporation
- Ticker: FSZ
- Exchange: TSX
- Founded: 2002
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: CA$1.170b
- Shares outstanding: 103.80m
- Website: https://www.fieracapital.com
Number of Employees
- Fiera Capital Corporation
- 1501 McGill College Avenue
- Suite 800
- H3A 3M8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FSZ||TSX (The Toronto Stock Exchange)||Yes||Class A Subordinate Voting Shares||CA||CAD||Sep 2010|
|ZFS||DB (Deutsche Boerse AG)||Yes||Class A Subordinate Voting Shares||DE||EUR||Sep 2010|
|FRRP.F||OTCPK (Pink Sheets LLC)||Yes||Class A Subordinate Voting Shares||US||USD||Sep 2010|
Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manag...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 23:38|
|End of Day Share Price||2021/01/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.