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 6,690 - -
Change - -37.23% 33.93% 12.91% -13.12% -5.99% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,379 7,042 6,758
Change - -30.3% 37.14% 12.09% -13% -8.27% -4.56% -4.04%
P/E 64.4x 45x 72.6x 60.9x 49.1x 36.2x 30.9x 27.3x
PBR - 5.97x 7.09x 6.9x 5.18x 4.24x 3.79x 3.41x
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 1.27x 1.14x 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 20.4x 17.4x 15.6x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 23.9x 22.5x 18.1x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.18% 4.45% 5.52%
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% 0.89% 0.98%
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 2 196.45 122.51 162.54 180.97 155.68 145.98 145.98 145.98
Nbr of stocks (in thousands) 43,930 44,214 44,633 45,262 45,712 45,982 - -
Announcement Date 2/15/22 2/7/23 2/6/24 2/5/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.11x1.27x12.52x0.82% 6.7B
21.89x0.98x11.93x-.--% 41.46B
19.42x0.72x6.79x2.48% 17.38B
14.66x0.54x9.36x-.--% 15.19B
16.91x3.41x10.89x5.88% 11.06B
19.19x8.11x15.26x4.82% 9.59B
40.96x2.42x9.47x-.--% 7.65B
49.99x1.1x8.39x0.31% 5.03B
36.33x15.08x - 1.74% 4.59B
11.57x0.46x6.92x-.--% 3.28B
Average 26.70x 3.41x 10.17x 1.61% 12.19B
Weighted average by Cap. 23.37x 2.30x 10.59x 1.39%

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