FirstService Corp

Company Profile

FirstService Corp had its IPO on 2015-06-02 under the ticker symbol FSV.

The company operates in the Real Estate sector and Real Estate Services industry. FirstService Corp has a staff strength of 27,000 employees.

Stock update

Shares of FirstService Corp opened at $146.62 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $146.21 - $148.66, and closed at $147.81.

This is a +0.99% increase from the previous day's closing price.

A total volume of 66,017 shares were traded at the close of the day’s session.

In the last one week, shares of FirstService Corp have increased by +3.9%.

FirstService Corp's Key Ratios

FirstService Corp has a market cap of $6.58 billion, indicating a price to book ratio of 6.2863 and a price to sales ratio of 1.5081.

In the last 12-months FirstService Corp’s revenue was $3.93 billion with a gross profit of $1.18 billion and an EBITDA of $352.11 million. The EBITDA ratio measures FirstService Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, FirstService Corp’s operating margin was 6.01% while its return on assets stood at 5.41% with a return of equity of 13.36%.

In Q1, FirstService Corp’s quarterly earnings growth was a positive 12.7% while revenue growth was a positive 22%.

FirstService Corp’s PE and PEG Ratio

Forward PE

26.2467

Trailing PE

53.2888

PEG

2.17

Its diluted EPS in the last 12-months stands at $2.77 per share while it has a forward price to earnings multiple of 26.2467 and a PEG multiple of 2.17. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into FirstService Corp’s profitability.

FirstService Corp stock is trading at a EV to sales ratio of 1.726 and a EV to EBITDA ratio of 19.8342. Its price to sales ratio in the trailing 12-months stood at 1.5081.

FirstService Corp stock pays annual dividends of $0.833 per share, indicating a yield of 0.61% and a payout ratio of 19.61%.

Balance sheet and cash flow metrics

Total Assets

$2.96 billion

Total Liabilities

$646.63 million

Operating Cash Flow

$0

Capital Expenditure

$21.48 million

Dividend Payout Ratio

19.61%

FirstService Corp ended 2023 with $2.96 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.96 billion while shareholder equity stood at $942.21 million.

FirstService Corp ended 2023 with $0 in deferred long-term liabilities, $646.63 million in other current liabilities, in common stock, $23.31 million in retained earnings and $946.46 million in goodwill. Its cash balance stood at $131.35 million and cash and short-term investments were $0. The company’s total short-term debt was $0 while long-term debt stood at $803.26 million.

FirstService Corp’s total current assets stands at $1.18 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $690.34 million compared to accounts payable of $111.78 million and inventory worth $260.48 million.

In 2023, FirstService Corp's operating cash flow was $0 while its capital expenditure stood at $21.48 million.

Comparatively, FirstService Corp paid $0.20 in dividends in 2023.

Other key metrics

Current Trading Price

$147.81

52-Week High

$151.38

52-Week Low

$111.8783

Analyst Target Price

$160.33

FirstService Corp stock is currently trading at $147.81 per share. It touched a 52-week high of $151.38 and a 52-week low of $151.38. Analysts tracking the stock have a 12-month average target price of $160.33.

Its 50-day moving average was $143.64 and 200-day moving average was $132.48 The short ratio stood at 8.26 indicating a short percent outstanding of 0%.

Around 1130.2% of the company’s stock are held by insiders while 7942.2% are held by institutions.