Company Valuation: FirstService Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,630 5,417 7,254 8,191 7,116 6,183 - -
Change - -37.23% 33.93% 12.91% -13.12% -13.12% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,593 7,470 7,365
Change - -30.3% 37.14% 12.09% -13% -5.61% -1.63% -1.4%
P/E 64.4x 45x 72.6x 60.9x 49.1x 37.3x 31.6x 28x
PBR - 5.97x 7.09x 6.9x 5.18x 5.99x 5.37x 7x
PEG - -4.2x -4.1x 1.9x 7.29x 1.9x 1.8x 2.2x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.08x 1.02x 0.98x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.33x 1.23x 1.17x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 12.9x 11.9x 11.2x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 21.3x 18.4x 16.8x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 25.1x 25x 19.7x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 3.98% 4% 5.07%
Dividend per Share 2 - 0.81 0.9 1 1.1 1.222 1.408 1.565
Rate of return - 0.66% 0.55% 0.55% 0.71% 0.87% 1% 1.11%
EPS 2 3.05 2.72 2.24 2.97 3.17 3.777 4.459 5.023
Distribution rate - 29.8% 40.2% 33.7% 34.7% 32.4% 31.6% 31.2%
Net sales 1 3,249 3,746 4,335 5,217 5,498 5,730 6,063 6,306
EBITDA 1 327.4 351.7 415.7 513.7 562.8 587.5 627.3 655
EBIT 1 201.6 219 244.9 337.5 338.1 356 405.8 438.5
Net income 1 135.2 121.1 100.4 134.4 145 168.9 194.6 212.1
Net Debt 1 - 598.2 994.5 1,055 928.3 1,411 1,287 1,182
Reference price 2 196.45 122.51 162.54 180.97 155.68 140.76 140.76 140.76
Nbr of stocks (in thousands) 43,930 44,214 44,633 45,262 45,712 43,923 - -
Announcement Date 15/2/22 7/2/23 6/2/24 5/2/25 4/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.27x1.33x12.92x0.87% 6.18B
25.34x0.99x11.92x-.--% 42.51B
21.78x0.93x8.72x2.22% 19.41B
14.67x0.63x10.43x-.--% 16.33B
17.8x3.6x11.53x5.6% 11.62B
20.72x8.65x16.41x4.5% 10.35B
43.13x2.49x9.76x-.--% 7.82B
36.94x1.07x8.2x0.32% 5.02B
34.58x14.35x - 1.83% 4.36B
11.32x0.45x6.95x-.--% 3.14B
Average 26.35x 3.45x 10.76x 1.53% 12.68B
Weighted average by Cap. 24.46x 2.36x 11.19x 1.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  3. FSV Stock
  4. Valuation FirstService Corporation