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 6,110 - -
Change - -37.23% 33.93% 12.91% -13.12% -14.13% - -
Enterprise Value (EV) 1 8,630 6,015 8,249 9,246 8,045 7,521 7,397 7,292
Change - -30.3% 37.14% 12.09% -13% -6.5% -1.65% -1.42%
P/E 64.4x 45x 72.6x 60.9x 49.1x 36.8x 31.2x 27.7x
PBR - 5.97x 7.09x 6.9x 5.18x 5.92x 5.31x 6.92x
PEG - -4.2x -4.1x 1.9x 7.29x 1.9x 1.7x 2.2x
Capitalization / Revenue 2.66x 1.45x 1.67x 1.57x 1.29x 1.07x 1.01x 0.97x
EV / Revenue 2.66x 1.61x 1.9x 1.77x 1.46x 1.31x 1.22x 1.16x
EV / EBITDA 26.4x 17.1x 19.8x 18x 14.3x 12.8x 11.8x 11.1x
EV / EBIT 42.8x 27.5x 33.7x 27.4x 23.8x 21.1x 18.2x 16.6x
EV / FCF 79.1x 213x 44x 53.5x 25.3x 24.9x 24.8x 19.5x
FCF Yield 1.26% 0.47% 2.27% 1.87% 3.96% 4.02% 4.04% 5.12%
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% 0.88% 1.01% 1.12%
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 6,065 6,306
EBITDA 1 327.4 351.7 415.7 513.7 562.8 587.3 626.9 655
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 2 196.45 122.51 162.54 180.97 155.68 139.12 139.12 139.12
Nbr of stocks (in thousands) 43,930 44,214 44,633 45,262 45,712 43,923 - -
Announcement Date 15/2/22 7/2/23 6/2/24 5/2/25 4/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.83x1.31x12.81x0.88% 6.11B
24.36x0.98x11.82x-.--% 42.22B
19.12x0.87x7.32x2.4% 19.64B
15.22x0.61x10.1x-.--% 16.83B
17.41x3.49x11.2x5.6% 11.39B
21.01x8.78x17.58x4.54% 10.4B
66.49x2.57x10.14x-.--% 7.9B
37.76x1.15x8.78x0.31% 5.13B
32.03x12.64x - 1.81% 4.42B
12.68x0.46x6.94x-.--% 3.17B
Average 28.29x 3.29x 10.74x 1.55% 12.72B
Weighted average by Cap. 25.18x 2.29x 10.98x 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

  1. Stock Market
  2. Stocks
  3. FSV Stock
  4. Valuation FirstService Corporation