We’ve recently updated our valuation analysis.

FirstService Valuation

Is FSV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

[object Object] Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FSV?

Other financial metrics that can be useful for relative valuation.

FSV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA21.3x
PEG Ratio3x

Price to Earnings Ratio vs Peers

How does FSV's PE Ratio compare to its peers?

The above table shows the PE ratio for FSV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average60.9x
CIGI Colliers International Group
61.6x53.5%CA$5.6b
AIF Altus Group
164.1x79.2%CA$2.4b
ISV Information Services
10.8x-11.9%CA$402.2m
BRE Bridgemarq Real Estate Services
7.1xn/aCA$166.5m
FSV FirstService
50.4x17.0%CA$7.7b

Price-To-Earnings vs Peers: FSV is good value based on its Price-To-Earnings Ratio (50.4x) compared to the peer average (60.9x).


Price to Earnings Ratio vs Industry

How does FSV's PE Ratio compare vs other companies in the CA Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.3%
n/an/an/a

Price-To-Earnings vs Industry: FSV is expensive based on its Price-To-Earnings Ratio (50.4x) compared to the Canadian Real Estate industry average (6.2x)


Price to Earnings Ratio vs Fair Ratio

What is FSV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FSV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.4x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: FSV is expensive based on its Price-To-Earnings Ratio (50.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


Share Price vs Fair Value

What is the Fair Price of FSV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FSV (CA$174.79) is trading above our estimate of fair value (CA$133.48)

Significantly Below Fair Value: FSV is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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