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 5,633 - -
Change - -37.23% 33.93% 12.91% -13.12% -20.84% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,044 6,920 6,815
Change - -30.3% 37.14% 12.09% -13% -12.44% -1.76% -1.52%
P/E 64.4x 45x 72.6x 60.9x 49.1x 34x 29.1x 25.9x
PBR - 5.97x 7.09x 6.9x 5.18x 5.46x 4.9x 6.38x
PEG - -4.2x -4.1x 1.9x 7.29x 1.8x 1.7x 2.1x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 0.98x 0.93x 0.89x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.23x 1.14x 1.08x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 12x 11x 10.4x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 19.8x 17.1x 15.7x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 23.5x 23.5x 19x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.26% 4.26% 5.27%
Dividend per Share 2 - 0.81 0.9 1 1.1 1.19 1.408 1.565
Rate of return - 0.66% 0.55% 0.55% 0.71% 0.93% 1.1% 1.22%
EPS 2 3.05 2.72 2.24 2.97 3.17 3.767 4.415 4.948
Distribution rate - 29.8% 40.2% 33.7% 34.7% 31.6% 31.9% 31.6%
Net sales 1 3,249 3,746 4,335 5,217 5,498 5,731 6,066 6,308
EBITDA 1 327.4 351.7 415.7 513.7 562.8 586.9 626.4 654.3
EBIT 1 201.6 219 244.9 337.5 338.1 355 404.2 435
Net income 1 135.2 121.1 100.4 134.4 145 167.9 191.2 204.6
Net Debt 1 - 598.2 994.5 1,055 928.3 1,411 1,287 1,182
Reference price 2 196.45 122.51 162.54 180.97 155.68 128.25 128.25 128.25
Nbr of stocks (in thousands) 43,930 44,214 44,633 45,262 45,712 43,923 - -
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.($)
34.04x1.23x12x0.93% 5.63B
21.62x0.88x10.61x-.--% 37.47B
18.3x0.81x6.76x2.5% 18.85B
12.54x0.48x7.94x-.--% 13.91B
16.41x3.24x10.43x6.06% 10.76B
19.58x8.25x16.31x4.9% 9.64B
53.38x1.99x7.86x-.--% 6.2B
33.51x1.06x8.08x0.35% 4.55B
29.75x11.73x - 1.95% 4.1B
11.14x0.42x6.42x-.--% 2.78B
Average 25.03x 3.01x 9.60x 1.67% 11.39B
Weighted average by Cap. 22.15x 2.13x 9.80x 1.53%

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