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 6,474 - -
Change - -37.23% 33.93% 12.91% -13.12% -9.02% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,163 6,826 6,542
Change - -30.3% 37.14% 12.09% -13% -10.96% -4.7% -4.16%
P/E 64.4x 45x 72.6x 60.9x 49.1x 34.9x 29.8x 26.4x
PBR - 5.97x 7.09x 6.9x 5.18x 4.09x 3.66x 3.29x
PEG - -4.2x -4.1x 1.9x 7.29x 1.3x 1.7x 2x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.11x 1.05x 1.01x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.23x 1.1x 1.02x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 12.1x 10.8x 9.97x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 19.9x 16.8x 15.1x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 23.2x 21.8x 17.5x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.31% 4.59% 5.71%
Dividend per Share 2 - 0.81 0.9 1 - 1.195 1.3 1.429
Rate of return - 0.66% 0.55% 0.55% - 0.85% 0.92% 1.02%
EPS 2 3.05 2.72 2.24 2.97 3.17 4.035 4.722 5.339
Distribution rate - 29.8% 40.2% 33.7% - 29.6% 27.5% 26.8%
Net sales 1 3,249 3,746 4,335 5,217 5,498 5,820 6,193 6,409
EBITDA 1 327.4 351.7 415.7 513.7 562.8 590.5 635 656.3
EBIT 1 201.6 219 244.9 337.5 338.1 360.7 405.8 434.2
Net income 1 135.2 121.1 100.4 134.4 145 185.1 216.9 243
Net Debt 1 - 598.2 994.5 1,055 928.3 689.1 352.2 67.92
Reference price 2 196.45 122.51 162.54 180.97 155.68 140.80 140.80 140.80
Nbr of stocks (in thousands) 43,930 44,214 44,633 45,262 45,712 45,982 - -
Announcement Date 15/02/22 07/02/23 06/02/24 05/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.9x1.23x12.13x0.85% 6.47B
21.24x0.96x11.61x-.--% 40.23B
18.38x0.65x6.12x2.62% 16.43B
14.1x0.52x9x-.--% 14.62B
16.47x3.31x10.57x6.03% 10.76B
19.5x8.2x15.42x4.74% 9.73B
38.22x2.24x8.78x-.--% 7.13B
46.99x1.06x8.03x0.33% 4.73B
36.56x15.18x - 1.73% 4.62B
11.29x0.46x6.81x-.--% 3.2B
Average 25.76x 3.38x 9.83x 1.63% 11.79B
Weighted average by Cap. 22.52x 2.31x 10.27x 1.44%

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

  1. Stock Market
  2. Stocks
  3. FSV Stock
  4. Valuation FirstService Corporation