FirstService Corp Financials

FSV Stock  USD 175.36  0.37  0.21%   
Based on the analysis of FirstService Corp's profitability, liquidity, and operating efficiency, FirstService Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, FirstService Corp's Non Currrent Assets Other are fairly stable compared to the past year. Net Receivables is likely to climb to about 1 B in 2025, whereas Total Current Liabilities is likely to drop slightly above 452 M in 2025. Key indicators impacting FirstService Corp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.611.6
Slightly Up
Slightly volatile
Current Ratio1.191.59
Way Down
Slightly volatile
The financial analysis of FirstService Corp is a critical element in measuring its lifeblood. Investors should not minimize FirstService Corp's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

121.22 Million

  
Understanding current and past FirstService Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of FirstService Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in FirstService Corp's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in FirstService Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of FirstService Corp. Check FirstService Corp's Beneish M Score to see the likelihood of FirstService Corp's management manipulating its earnings.

FirstService Corp Stock Summary

FirstService Corp competes with Cushman Wakefield, CBRE Group, Jones Lang, Marcus Millichap, and J W. FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada. Firstsrvce Sub operates under Real Estate Services classification in the United States and is traded on NASDAQ Exchange. It employs 25000 people.
Foreign Associate
  Canada
Specialization
Real Estate, Real Estate Management & Development
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINCA33767E2024
CUSIP33767E202 33767E103
LocationOntario; Canada
Business Address1255 Bay Street,
SectorReal Estate Management & Development
IndustryReal Estate
BenchmarkDow Jones Industrial
Websitewww.firstservice.com
Phone416 960 9566
CurrencyUSD - US Dollar

FirstService Corp Key Financial Ratios

FirstService Corp Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets2.2B2.5B2.8B3.6B4.2B4.4B
Other Current Liab345.6M410.3M433.4M537.9M618.6M649.5M
Net Debt569.4M657.5M815.9M1.2B1.4B1.5B
Retained Earnings(171.1M)(67.9M)17.3M77.5M89.1M93.6M
Accounts Payable98.5M100.1M116.0M143.3M164.8M112.2M
Cash184.3M165.7M136.2M187.6M215.8M119.1M
Net Receivables418.9M551.6M635.9M842.2M968.6M1.0B
Good Will703.7M843.4M886.1M1.2B1.4B1.4B
Inventory142.0M161.4M242.3M246.2M283.1M297.3M
Other Current Assets74.2M86.0M94.4M85.0M97.7M71.5M
Total Liab1.3B1.5B1.6B2.3B2.6B2.7B
Total Current Assets819.3M964.7M1.1B1.4B1.6B1.6B
Short Term Debt91.8M105.5M84.8M88.0M101.2M58.5M
Intangible Assets378.8M382.1M368.5M628.0M722.2M758.3M
Common Stock770.0M797.4M813.0M855.8M984.2M1.0B
Other Liab124.4M137.4M154.0M129.3M148.7M86.3M
Net Tangible Assets(585.2M)(422.1M)(425.7M)(347.1M)(312.4M)(328.0M)
Other Assets15.0M21.1M38.5M(18.6M)(21.3M)(20.3M)
Long Term Debt533.1M595.4M698.8M1.1B1.3B1.4B
Short Long Term Debt56.5M57.4M35.7M37.1M33.4M32.5M

FirstService Corp Key Income Statement Accounts

The reason investors look at the income statement is to determine what FirstService Corp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
202020212022202320242025 (projected)
Interest Expense24.3M16.0M25.2M47.4M54.5M57.2M
Total Revenue2.8B3.2B3.7B4.3B5.0B5.2B
Gross Profit900.6M1.0B1.2B1.4B1.6B825.5M
Operating Income169.4M201.6M219.0M244.9M281.6M295.7M
Ebit(2.5B)(2.7B)(3.0B)250.7M225.6M236.9M
Ebitda272.1M312.6M333.7M378.6M435.4M457.2M
Cost Of Revenue1.9B2.2B2.6B2.9B3.4B3.6B
Income Before Tax145.5M209.0M194.0M203.3M233.8M245.5M
Net Income87.3M135.2M121.1M100.4M115.4M121.2M
Income Tax Expense35.9M52.9M49.0M56.3M64.8M68.0M
Minority Interest193.0M(20.9M)(23.9M)(46.6M)(42.0M)(39.9M)
Tax Provision35.9M52.9M49.0M56.3M64.8M39.1M
Net Interest Income(24.3M)(16.0M)(25.2M)(47.4M)(42.6M)(40.5M)

FirstService Corp Key Cash Accounts

202020212022202320242025 (projected)
Change To Inventory(44.2M)(15.5M)(71.5M)22.6M20.4M21.4M
Change In Cash74.6M(14.7M)(34.9M)47.5M54.7M57.4M
Free Cash Flow252.4M109.1M28.3M187.6M215.8M226.6M
Depreciation98.4M99.0M110.1M127.9M147.1M154.5M
Other Non Cash Items12.3M(7.1M)(594K)60.6M69.7M73.1M
Dividends Paid27.4M31.2M34.9M39.1M44.9M47.2M
Capital Expenditures39.4M58.2M77.6M92.7M106.6M112.0M
Net Income109.6M156.1M145.0M100.4M115.4M58.2M
End Period Cash Flow208.9M194.3M159.3M206.9M237.9M125.6M
Net Borrowings429.9M(179.3M)62.1M80.2M92.2M55.7M
Change To Netincome268.8M16.6M11.2M49.7M57.2M51.4M
Investments(142.3M)(206.3M)(160.8M)(262.5M)(236.3M)(248.1M)

FirstService Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining FirstService Corp's current stock value. Our valuation model uses many indicators to compare FirstService Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across FirstService Corp competition to find correlations between indicators driving FirstService Corp's intrinsic value. More Info.
FirstService Corp is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about  0.41  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for FirstService Corp is roughly  2.43 . At this time, FirstService Corp's Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value FirstService Corp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

FirstService Corp Systematic Risk

FirstService Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. FirstService Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-one with a total number of output elements of fourty. The Beta measures systematic risk based on how returns on FirstService Corp correlated with the market. If Beta is less than 0 FirstService Corp generally moves in the opposite direction as compared to the market. If FirstService Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one FirstService Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of FirstService Corp is generally in the same direction as the market. If Beta > 1 FirstService Corp moves generally in the same direction as, but more than the movement of the benchmark.

FirstService Corp Thematic Clasifications

FirstService Corp is part of Real Estate investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Real Estate industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Real EstateView
This theme covers USA Equities from Real Estate industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in FirstService Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various FirstService Corp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of FirstService Corp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

3.75

At this time, FirstService Corp's Price Earnings To Growth Ratio is fairly stable compared to the past year.

FirstService Corp February 17, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of FirstService Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of FirstService Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of FirstService Corp based on widely used predictive technical indicators. In general, we focus on analyzing FirstService Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build FirstService Corp's daily price indicators and compare them against related drivers.

Additional Tools for FirstService Stock Analysis

When running FirstService Corp's price analysis, check to measure FirstService Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FirstService Corp is operating at the current time. Most of FirstService Corp's value examination focuses on studying past and present price action to predict the probability of FirstService Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FirstService Corp's price. Additionally, you may evaluate how the addition of FirstService Corp to your portfolios can decrease your overall portfolio volatility.