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 6,762 - -
Change - -37.23% 33.93% 12.91% -13.12% -4.99% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,594 7,114 6,829
Change - -30.3% 37.14% 12.09% -13% -5.6% -6.33% -4%
P/E 64.4x 45x 72.6x 60.9x 49.1x 36.3x 31x 27.1x
PBR - 5.97x 7.09x 6.9x 5.18x 4.63x 4.08x 3.43x
PEG - -4.2x -4.1x 1.9x 7.29x 1.3x 1.8x 1.9x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.16x 1.09x 1.05x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.3x 1.15x 1.07x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 12.9x 11.2x 10.4x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 21x 17.5x 15.6x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 24.7x 22.8x 18.2x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.05% 4.39% 5.51%
Dividend per Share 2 - 0.81 0.9 1 - 1.205 1.3 1.429
Rate of return - 0.66% 0.55% 0.55% - 0.82% 0.88% 0.97%
EPS 2 3.05 2.72 2.24 2.97 3.17 4.055 4.746 5.419
Distribution rate - 29.8% 40.2% 33.7% - 29.7% 27.4% 26.4%
Net sales 1 3,249 3,746 4,335 5,217 5,498 5,820 6,188 6,409
EBITDA 1 327.4 351.7 415.7 513.7 562.8 590.2 634.1 656.2
EBIT 1 201.6 219 244.9 337.5 338.1 362.4 406.6 438.5
Net income 1 135.2 121.1 100.4 134.4 145 185.5 217.2 244
Net Debt 1 - 598.2 994.5 1,055 928.3 832.6 352.2 67.92
Reference price 2 196.45 122.51 162.54 180.97 155.68 147.05 147.05 147.05
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.($)
36.27x1.3x12.87x0.82% 676.15Cr
22.3x0.96x11.67x-.--% 4.14TCr
21.85x0.88x8.28x2.21% 1.95TCr
14.57x0.58x10.03x-.--% 1.52TCr
17.05x3.45x11x5.83% 1.12TCr
19.57x8.22x15.47x4.73% 979.65Cr
41.38x2.45x9.59x-.--% 773.87Cr
51.13x1.12x8.53x0.31% 514.76Cr
35.99x14.94x - 1.76% 454.28Cr
11.38x0.46x7.07x-.--% 324.04Cr
Average 27.15x 3.44x 10.50x 1.56% 1.25TCr
Weighted average by Cap. 23.95x 2.31x 10.83x 1.36%

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