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 5,671 - -
Change - -37.23% 33.93% 12.91% -13.12% -20.31% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,081 6,958 6,853
Change - -30.3% 37.14% 12.09% -13% -11.97% -1.75% -1.51%
P/E 64.4x 45x 72.6x 60.9x 49.1x 34.3x 29.2x 26.1x
PBR - 5.97x 7.09x 6.9x 5.18x 5.5x 4.93x 6.42x
PEG - -4.2x -4.1x 1.9x 7.29x 1.8x 1.7x 2.2x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 0.99x 0.93x 0.9x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.24x 1.15x 1.09x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 12.1x 11.1x 10.5x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 19.9x 17.2x 15.8x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 23.6x 23.6x 19.1x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.24% 4.24% 5.24%
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% 0.92% 1.09% 1.21%
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 2 196.45 122.51 162.54 180.97 155.68 129.11 129.11 129.11
Nbr of stocks (in thousands) 43,930 44,214 44,633 45,262 45,712 43,923 - -
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.($)
34.27x1.24x12.07x0.92% 5.67B
22.48x0.91x10.99x-.--% 38.96B
18.14x0.8x6.65x2.53% 18.66B
13.35x0.51x8.45x-.--% 14.81B
16.44x3.35x10.96x6.05% 10.77B
20.61x8.53x16.89x4.66% 10.16B
54.43x2.07x8.17x-.--% 6.43B
34.01x1.07x8.17x0.34% 4.62B
29.11x11.48x - 1.99% 4.02B
14.04x0.85x4.84x1.49% 2.37B
Average 25.69x 3.08x 9.69x 1.8% 11.65B
Weighted average by Cap. 22.76x 2.18x 10.11x 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