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 6,664 - -
Change - -37.23% 33.93% 12.91% -13.12% -6.36% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,353 7,016 6,732
Change - -30.3% 37.14% 12.09% -13% -8.6% -4.58% -4.05%
P/E 64.4x 45x 72.6x 60.9x 49.1x 35.9x 30.7x 27.1x
PBR - 5.97x 7.09x 6.9x 5.18x 4.21x 3.76x 3.38x
PEG - -4.2x -4.1x 1.9x 7.29x 1.3x 1.8x 2.1x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.15x 1.08x 1.04x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.26x 1.13x 1.05x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 12.5x 11.1x 10.3x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 20.3x 17.3x 15.5x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 23.8x 22.4x 18x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.2% 4.47% 5.54%
Dividend per Share 2 - 0.81 0.9 1 - 1.195 1.3 1.429
Rate of return - 0.66% 0.55% 0.55% - 0.82% 0.9% 0.99%
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 6,188 6,409
EBITDA 1 327.4 351.7 415.7 513.7 562.8 590.3 634.1 656.3
EBIT 1 201.6 219 244.9 337.5 338.1 361.4 405.8 434.2
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 2 196.45 122.51 162.54 180.97 155.68 144.92 144.92 144.92
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.($)
35.92x1.26x12.46x0.82% 6.66B
22.21x0.99x12.07x-.--% 42.09B
19.13x0.7x6.6x2.52% 17.12B
14.88x0.54x9.5x-.--% 15.43B
19.34x8.16x15.34x4.78% 9.66B
40.07x2.37x9.27x-.--% 7.5B
50.99x1.12x8.51x0.31% 5.13B
36.1x14.98x - 1.75% 4.56B
11.42x0.46x6.88x-.--% 3.24B
16.47x0.96x5.46x0.77% 2.78B
Average 26.65x 3.15x 9.57x 1.1% 11.42B
Weighted average by Cap. 23.89x 2.15x 10.49x 0.93%

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