FirstService Corp
TSX:FSV

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FirstService Corp
TSX:FSV
Watchlist
Price: 237.29 CAD -0.33%
Market Cap: 10.7B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FSV stock under the Base Case scenario is 340.8 CAD. Compared to the current market price of 237.29 CAD, FirstService Corp is Undervalued by 30%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FSV Relative Value
Base Case
340.8 CAD
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.5
P/S
P/S
Price to Sales
1.5
vs History
85
vs Industry
66
Median 3Y
1.6
Median 5Y
1.7
Industry
3.6
Forward
1.4
More Details
57.7
P/E
P/E
Price to Earnings
57.7
vs History
53
vs Industry
9
Median 3Y
52.7
Median 5Y
61.3
Industry
16.4
Forward
30
More Details
27.2
P/OCF
P/OCF
Price to OCF
27.2
vs History
60
vs Industry
11
Median 3Y
31.5
Median 5Y
28.8
Industry
10.8
More Details
35.2
P/FCFE
P/FCFE
Price to FCFE
35.2
vs History
42
vs Industry
10
Median 3Y
33.5
Median 5Y
34.5
Industry
12.6
More Details
6.5
P/B
P/B
Price to Book Value
6.5
vs History
80
vs Industry
3
Median 3Y
6.9
Median 5Y
7.1
Industry
0.8
More Details
1.7
EV/S
EV/S
Enterprise Value to Sales
1.7
vs History
82
vs Industry
72
Median 3Y
1.8
Median 5Y
1.9
Industry
6.4
Forward
1.6
More Details
5.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.1
vs History
88
vs Industry
68
Median 3Y
5.6
Median 5Y
5.8
Industry
11.8
More Details
18
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
18
vs History
88
vs Industry
31
Median 3Y
19.6
Median 5Y
20.6
Industry
15.7
Forward
15.4
More Details
27.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
27.2
vs History
88
vs Industry
23
Median 3Y
29.3
Median 5Y
30.7
Industry
18.9
Forward
24.4
More Details
30.8
EV/OCF
EV/OCF
Enterprise Value to OCF
30.8
vs History
60
vs Industry
16
Median 3Y
34.2
Median 5Y
32.3
Industry
18.3
More Details
50.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
50.9
vs History
47
vs Industry
11
Median 3Y
57.2
Median 5Y
50.4
Industry
20
More Details
2.7
EV/IC
EV/IC
Enterprise Value to IC
2.7
vs History
49
vs Industry
5
Median 3Y
2.6
Median 5Y
2.7
Industry
0.7
More Details

Multiples Across Competitors

FSV Competitors Multiples
FirstService Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
FirstService Corp
TSX:FSV
10.8B CAD 1.5 57.7 18 27.2
US
CBRE Group Inc
NYSE:CBRE
36.6B USD 1 37.8 18.1 26.1
CN
Ke Holdings Inc
HKEX:2423
191.2B HKD 1.9 44.2 25.7 32.4
US
Zillow Group Inc
NASDAQ:ZG
15.9B USD 7.1 -141.7 236.2 -74.6
US
Jones Lang LaSalle Inc
NYSE:JLL
10.7B USD 0.5 19.6 10.7 13.8
CA
Colliers International Group Inc
TSX:CIGI
8.2B CAD 1.2 36.4 12.5 20.2
US
Compass Inc
NYSE:COMP
3.8B USD 0.7 -24.5 -61.1 -25.4
HK
China Overseas Property Holdings Ltd
HKEX:2669
17.3B HKD 1.2 11.4 5.5 5.5
UK
Cushman & Wakefield PLC
NYSE:CWK
2B USD 0.2 15.4 8.3 11
JP
Relo Group Inc
TSE:8876
275B JPY 1.9 -86.8 4.8 8.6
US
Newmark Group Inc
NASDAQ:NMRK
1.9B USD 0.7 31.2 9.2 18.9
P/E Multiple
Earnings Growth PEG
CA
FirstService Corp
TSX:FSV
Average P/E: 31.7
57.7
N/A N/A
US
CBRE Group Inc
NYSE:CBRE
37.8
37%
1
CN
K
Ke Holdings Inc
HKEX:2423
44.2
-1%
N/A
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -141.7 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
19.6
24%
0.8
CA
Colliers International Group Inc
TSX:CIGI
36.4
41%
0.9
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -24.5 N/A N/A
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
11.4
12%
1
UK
Cushman & Wakefield PLC
NYSE:CWK
15.4
38%
0.4
JP
Relo Group Inc
TSE:8876
Negative Multiple: -86.8 N/A N/A
US
Newmark Group Inc
NASDAQ:NMRK
31.2
76%
0.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
FirstService Corp
TSX:FSV
Average EV/EBITDA: 34.9
18
N/A N/A
US
CBRE Group Inc
NYSE:CBRE
18.1
19%
1
CN
K
Ke Holdings Inc
HKEX:2423
25.7
42%
0.6
US
Zillow Group Inc
NASDAQ:ZG
236.2
163%
1.4
US
Jones Lang LaSalle Inc
NYSE:JLL
10.7
14%
0.8
CA
Colliers International Group Inc
TSX:CIGI
12.5
16%
0.8
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -61.1 N/A N/A
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
5.5
11%
0.5
UK
Cushman & Wakefield PLC
NYSE:CWK
8.3
17%
0.5
JP
Relo Group Inc
TSE:8876
4.8
4%
1.2
US
Newmark Group Inc
NASDAQ:NMRK
9.2
28%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
FirstService Corp
TSX:FSV
Average EV/EBIT: 18.2
27.2
N/A N/A
US
CBRE Group Inc
NYSE:CBRE
26.1
25%
1
CN
K
Ke Holdings Inc
HKEX:2423
32.4
29%
1.1
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -74.6 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
13.8
15%
0.9
CA
Colliers International Group Inc
TSX:CIGI
20.2
15%
1.3
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -25.4 N/A N/A
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
5.5
N/A N/A
UK
Cushman & Wakefield PLC
NYSE:CWK
11
18%
0.6
JP
Relo Group Inc
TSE:8876
8.6
N/A N/A
US
Newmark Group Inc
NASDAQ:NMRK
18.9
38%
0.5

See Also

Summary
FSV intrinsic value, competitors valuation, and company profile.
DCF Valuation
FSV stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FSV stock valuation using valuation multiples.
Wall Street Estimates
FSV price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FSV stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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