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.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$249.80|
|52 Week High||CA$162.91|
|52 Week Low||CA$250.99|
|1 Month Change||3.44%|
|3 Month Change||7.75%|
|1 Year Change||48.57%|
|3 Year Change||166.74%|
|5 Year Change||359.61%|
|Change since IPO||645.45%|
Recent News & Updates
Does FirstService (TSE:FSV) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Should You Be Adding FirstService (TSE:FSV) To Your Watchlist Today?
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
|FSV||CA Real Estate||CA Market|
Return vs Industry: FSV exceeded the Canadian Real Estate industry which returned 46.3% over the past year.
Return vs Market: FSV exceeded the Canadian Market which returned 33.6% over the past year.
Stable Share Price: FSV is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FSV's weekly volatility (3%) has been stable over the past year.
About the Company
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.
FirstService Fundamentals Summary
|FSV fundamental statistics|
Is FSV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FSV income statement (TTM)|
|Cost of Revenue||US$2.07b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 26, 2021
|Earnings per share (EPS)||2.59|
|Net Profit Margin||3.71%|
How did FSV perform over the long term?See historical performance and comparison
0.4%Current Dividend Yield
Is FirstService 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: FSV (CA$249.8) is trading above our estimate of fair value (CA$104.88)
Significantly Below Fair Value: FSV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FSV is poor value based on its PE Ratio (78.1x) compared to the Canadian Real Estate industry average (12.2x).
PE vs Market: FSV is poor value based on its PE Ratio (78.1x) compared to the Canadian market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: FSV is poor value based on its PEG Ratio (6.1x)
Price to Book Ratio
PB vs Industry: FSV is overvalued based on its PB Ratio (12.2x) compared to the CA Real Estate industry average (1x).
How is FirstService 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: FSV's forecast earnings growth (12.8% per year) is above the savings rate (1.6%).
Earnings vs Market: FSV's earnings (12.8% per year) are forecast to grow faster than the Canadian market (12.1% per year).
High Growth Earnings: FSV's earnings are forecast to grow, but not significantly.
Revenue vs Market: FSV's revenue (9% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: FSV's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FSV's Return on Equity is forecast to be high in 3 years time
How has FirstService performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FSV has high quality earnings.
Growing Profit Margin: FSV's current net profit margins (3.7%) are higher than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: FSV's earnings have declined by 10.6% per year over the past 5 years.
Accelerating Growth: FSV's earnings growth over the past year (97.3%) exceeds its 5-year average (-10.6% per year).
Earnings vs Industry: FSV earnings growth over the past year (97.3%) exceeded the Real Estate industry 38.2%.
Return on Equity
High ROE: FSV's Return on Equity (15.3%) is considered low.
How is FirstService's financial position?
Financial Position Analysis
Short Term Liabilities: FSV's short term assets ($887.0M) exceed its short term liabilities ($599.9M).
Long Term Liabilities: FSV's short term assets ($887.0M) exceed its long term liabilities ($787.8M).
Debt to Equity History and Analysis
Debt Level: FSV's debt to equity ratio (60.8%) is considered high.
Reducing Debt: FSV's debt to equity ratio has reduced from 99% to 60.8% over the past 5 years.
Debt Coverage: FSV's debt is well covered by operating cash flow (43.7%).
Interest Coverage: FSV's interest payments on its debt are well covered by EBIT (11.5x coverage).
What is FirstService current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FSV's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.55%).
High Dividend: FSV's dividend (0.36%) is low compared to the top 25% of dividend payers in the Canadian market (4.5%).
Stability and Growth of Payments
Stable Dividend: FSV is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: FSV is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FSV is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FSV's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
D. Patterson (60 yo)
Mr. D. Scott Patterson has been the Chief Executive Officer an d President of FirstService Corporation since June 1, 2015. Pre-spin-off, Mr. Patterson was the President and Chief Operating Officer of forme...
CEO Compensation Analysis
Compensation vs Market: D.'s total compensation ($USD5.61M) is above average for companies of similar size in the Canadian market ($USD3.57M).
Compensation vs Earnings: D.'s compensation has increased by more than 20% in the past year.
Experienced Management: FSV's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: FSV's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FSV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
FirstService Corporation's employee growth, exchange listings and data sources
- Name: FirstService Corporation
- Ticker: FSV
- Exchange: TSX
- Founded: 1989
- Industry: Real Estate Services
- Sector: Real Estate
- Market Cap: CA$10.958b
- Shares outstanding: 43.87m
- Website: https://www.firstservice.com
Number of Employees
- FirstService Corporation
- 1255 Bay Street
- Suite 600
- M5R 2A9
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 23:23|
|End of Day Share Price||2021/10/25 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.