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 6,526 - -
Change - -37.23% 33.93% 12.91% -13.12% -8.3% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,936 7,813 7,708
Change - -30.3% 37.14% 12.09% -13% -1.34% -1.56% -1.34%
P/E 64.4x 45x 72.6x 60.9x 49.1x 37.6x 31.8x 28.3x
PBR - 5.97x 7.09x 6.9x 5.18x 6.04x 5.42x 7.06x
PEG - -4.2x -4.1x 1.9x 7.29x 2x 1.8x 2.2x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.14x 1.08x 1.03x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.39x 1.29x 1.22x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 13.5x 12.5x 11.8x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 22.3x 19.3x 17.6x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 26.2x 26.1x 20.6x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 3.81% 3.83% 4.85%
Dividend per Share 2 - 0.81 0.9 1 1.1 1.222 1.408 1.565
Rate of return - 0.66% 0.55% 0.55% 0.71% 0.86% 0.99% 1.1%
EPS 2 3.05 2.72 2.24 2.97 3.17 3.777 4.459 5.023
Distribution rate - 29.8% 40.2% 33.7% 34.7% 32.4% 31.6% 31.2%
Net sales 1 3,249 3,746 4,335 5,217 5,498 5,730 6,063 6,306
EBITDA 1 327.4 351.7 415.7 513.7 562.8 587.5 627.3 655
EBIT 1 201.6 219 244.9 337.5 338.1 356 405.8 438.5
Net income 1 135.2 121.1 100.4 134.4 145 168.9 194.6 212.1
Net Debt 1 - 598.2 994.5 1,055 928.3 1,411 1,287 1,182
Reference price 2 196.45 122.51 162.54 180.97 155.68 141.92 141.92 141.92
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.($)
37.57x1.39x13.51x0.86% 652.56Cr
24.9x1.02x12.38x-.--% 4.33TCr
21.47x0.91x8.52x2.25% 1.91TCr
15.13x0.59x10.38x-.--% 1.58TCr
17.92x3.62x11.61x5.56% 1.17TCr
20.72x8.65x16.41x4.5% 1.03TCr
42.32x2.48x9.72x-.--% 779.48Cr
51.18x1.12x8.52x0.31% 515.26Cr
35.61x14.78x - 1.78% 449.59Cr
15.84x0.92x5.21x0.81% 264.34Cr
Average 28.27x 3.55x 10.70x 1.61% 1.27TCr
Weighted average by Cap. 25.17x 2.41x 11.36x 1.35%

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