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 6,328 - -
Change - -37.23% 33.93% 12.91% -13.12% -11.08% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,739 7,615 7,510
Change - -30.3% 37.14% 12.09% -13% -3.8% -1.6% -1.38%
P/E 64.4x 45x 72.6x 60.9x 49.1x 37.4x 29.9x 27.4x
PBR - 5.97x 7.09x 6.9x 5.18x 5.86x 5.25x 6.85x
PEG - -4.2x -4.1x 1.9x 7.29x 2.3x 1.2x 2.95x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.1x 1.04x 1x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.35x 1.25x 1.19x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 13.2x 12.1x 11.5x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 22.1x 18.5x 17.1x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 25.6x 25.5x 20.1x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 3.91% 3.92% 4.97%
Dividend per Share 2 - 0.81 0.9 1 - 1.222 1.408 1.565
Rate of return - 0.66% 0.55% 0.55% - 0.89% 1.02% 1.14%
EPS 2 3.05 2.72 2.24 2.97 3.17 3.684 4.597 5.023
Distribution rate - 29.8% 40.2% 33.7% - 33.2% 30.6% 31.2%
Net sales 1 3,249 3,746 4,335 5,217 5,498 5,728 6,087 6,306
EBITDA 1 327.4 351.7 415.7 513.7 562.8 586.9 628.4 655
EBIT 1 201.6 219 244.9 337.5 338.1 349.8 410.8 438.5
Net income 1 135.2 121.1 100.4 134.4 145 165.1 204.4 212.1
Net Debt 1 - 598.2 994.5 1,055 928.3 1,411 1,287 1,182
Reference price 2 196.45 122.51 162.54 180.97 155.68 137.61 137.61 137.61
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.36x1.35x13.19x0.89% 632.77Cr
21.98x0.95x11.53x-.--% 4.08TCr
20.46x0.84x7.88x2.37% 1.82TCr
14.48x0.57x9.97x-.--% 1.51TCr
17.21x3.46x11.1x5.79% 1.12TCr
19.4x8.27x15.7x4.8% 963.78Cr
37.71x2.21x8.67x-.--% 703.41Cr
49.57x1.1x8.34x0.32% 499.07Cr
36.05x14.96x - 1.76% 455.25Cr
10.73x0.44x6.72x-.--% 298.03Cr
Average 26.50x 3.42x 10.34x 1.59% 1.21TCr
Weighted average by Cap. 23.28x 2.32x 10.72x 1.4%

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