FirstService Valuation

Is 1GIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1GIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1GIA (€184) is trading above our estimate of fair value (€140.66)

Significantly Below Fair Value: 1GIA is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1GIA?

Key metric: As 1GIA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1GIA. This is calculated by dividing 1GIA's market cap by their current earnings.
What is 1GIA's PE Ratio?
PE Ratio81.3x
EarningsUS$108.16m
Market CapUS$8.78b

Price to Earnings Ratio vs Peers

How does 1GIA's PE Ratio compare to its peers?

The above table shows the PE ratio for 1GIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.4x
SPB Sedlmayr Grund und Immobilien
63.5xn/a€903.2m
GWK3 GAG Immobilien
24xn/a€832.4m
CIGI Colliers International Group
50.1x14.9%CA$10.7b
JLL Jones Lang LaSalle
28x17.7%US$13.4b
1GIA FirstService
81.3x23.2%€12.3b

Price-To-Earnings vs Peers: 1GIA is expensive based on its Price-To-Earnings Ratio (81.3x) compared to the peer average (41.4x).


Price to Earnings Ratio vs Industry

How does 1GIA's PE Ratio compare vs other companies in the European Real Estate Industry?

29 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1GIA 81.3xIndustry Avg. 18.2xNo. of Companies33PE01632486480+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1GIA is expensive based on its Price-To-Earnings Ratio (81.3x) compared to the European Real Estate industry average (18.1x).


Price to Earnings Ratio vs Fair Ratio

What is 1GIA'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.

1GIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio81.3x
Fair PE Ratio26.2x

Price-To-Earnings vs Fair Ratio: 1GIA is expensive based on its Price-To-Earnings Ratio (81.3x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).


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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