FSV Stock Analysis: FirstService | NASDAQ
Real Estate Services | NASDAQ, USA | Market Cap: 5.898m USD | 12M Return: -25.2% | CA33767E2024 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.4M
EPS Trend: 89.7%
Qual. Beats: 0
Rev. Trend: 95.6%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
FirstService Corporation provides residential property management and related property services across the United States and Canada through two segments: FirstService Residential and FirstService Brands. The company is headquartered in Toronto and was incorporated in 1988.
The FirstService Residential segment manages condominiums, co-operatives, homeowner associations, master-planned communities, and active adult communities on a full-service basis, with ancillary offerings that include on-site engineering and maintenance staffing, amenity management, security and concierge personnel, proprietary banking and insurance products, and energy conservation solutions. Third-party property management for community associations is generally a recurring-revenue model, as management contracts tend to be renewed on multi-year terms.
The FirstService Brands segment serves residential and commercial customers in North America through company-owned operations and franchise systems under brands such as First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. Services span light restoration (water, fire, and mold cleanup and rebuild), painting, custom closet and home storage design and installation, home inspections, and floor covering design and installation, with franchising serving as the primary distribution model in this segment.
- Residential property management segment drives organic unit growth
- Franchise brands expand through acquisitions across North America
- HOA fee revenue resilient amid higher interest rate environment
| Net Income: 160.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 2.08 > 1.0 |
| NWC/Revenue: 10.97% < 20% (prev 12.73%; Δ -1.75% < -1%) |
| CFO/TA 0.11 > 3% & CFO 463.3m > Net Income 160.9m |
| Net Debt (1.69b) to EBITDA (541.5m): 3.13 < 3 |
| Current Ratio: 1.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.9m) vs 12m ago 0.54% < -2% |
| Gross Margin: 29.84% > 18% (prev 33.22%; Δ -3.39% > 0.5%) |
| Asset Turnover: 127.9% > 50% (prev 124.2%; Δ 3.69% > 0%) |
| Interest Coverage Ratio: 5.28 > 6 (EBIT TTM 348.1m / Interest Expense TTM 65.9m) |
| A: 0.14 (Total Current Assets 1.53b - Total Current Liabilities 914.1m) / Total Assets 4.36b |
| B: 0.02 (Retained Earnings 91.7m / Total Assets 4.36b) |
| C: 0.08 (EBIT TTM 348.1m / Avg Total Assets 4.36b) |
| D: 0.46 (Book Value of Equity 1.22b / Total Liabilities 2.63b) |
| Altman-Z'' = 2.01 = BBB |
| DSRI: 0.87 (Receivables 902.2m/1.01b, Revenue 5.58b/5.43b) |
| GMI: 1.11 (GM 33.22% / 29.84%) |
| AQI: 1.03 (AQ_t 0.52 / AQ_t-1 0.50) |
| SGI: 1.03 (Revenue 5.58b / 5.43b) |
| TATA: -0.07 (NI 160.9m - CFO 463.3m) / TA 4.36b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of October 17, 2026, the stock is trading at USD 135.67 with a total of 159,382 shares traded. Over the past week, the price has changed by +4.58%, over one month by +2.70%, over three months by -10.06% and over the past year by -25.21%.
Current recommended Stop Loss: 131.50 (which is 3.1% or 1.4 ATR below the current price).
FirstService has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy FSV.
- StrongBuy: 5
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 173.3 | 27.7% |
P/E Trailing = 38.3722
P/E Forward = 19.4553
P/S = 1.0538
P/B = 4.6416
P/EG = 2.17
Revenue TTM = 5.58b USD
EBIT TTM = 348.1m USD
EBITDA TTM = 541.5m USD
Long Term Debt = 1.24b USD (from longTermDebt, last quarter)
Short Term Debt = 73.6m USD (from shortTermDebt, last quarter)
Debt = 1.87b USD (from shortLongTermDebtTotal, last quarter) + Leases 308.9m
Net Debt = 1.69b USD (calculated: Debt 1.87b - CCE 173.4m)
Enterprise Value = 7.59b USD (5.90b + Debt 1.87b - CCE 173.4m)
Interest Coverage Ratio = 5.28 (Ebit TTM 348.1m / Interest Expense TTM 65.9m)
EV/FCF = 22.48x (Enterprise Value 7.59b / FCF TTM 337.7m)
FCF Yield = 4.45% (FCF TTM 337.7m / Enterprise Value 7.59b)
FCF Margin = 6.05% (FCF TTM 337.7m / Revenue TTM 5.58b)
Net Margin = 2.88% (Net Income TTM 160.9m / Revenue TTM 5.58b)
Gross Margin = 29.84% ((Revenue TTM 5.58b - Cost of Revenue TTM 3.92b) / Revenue TTM)
Gross Margin QoQ = 26.20% (prev 32.70%)
Tobins Q-Ratio = 1.74 (Enterprise Value 7.59b / Total Assets 4.36b)
Interest Expense / Debt = 3.53% (Interest Expense 65.9m / Debt 1.87b)
Taxrate = 27.34% (77.2m / 282.2m)
NOPAT = 252.9m (EBIT 348.1m * (1 - 27.34%))
Current Ratio = 1.67 (Total Current Assets 1.53b / Total Current Liabilities 914.1m)
Debt / Equity = 1.53 (Debt 1.87b / totalStockholderEquity, last quarter 1.22b)
Debt / EBITDA = 3.13 (Net Debt 1.69b / EBITDA 541.5m)
Debt / FCF = 5.01 (Net Debt 1.69b / FCF TTM 337.7m)
Total Stockholder Equity = 1.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.69% (Net Income 160.9m / Total Assets 4.36b)
RoE = 12.00% (Net Income TTM 160.9m / Total Stockholder Equity 1.34b)
RoCE = 13.51% (EBIT 348.1m / Capital Employed (Equity 1.34b + L.T.Debt 1.24b))
RoIC = 7.57% (NOPAT 252.9m / Invested Capital 3.34b)
WACC = 5.65% (E(5.90b)/V(7.76b) * Re(6.63%) + D(1.87b)/V(7.76b) * Rd(3.53%) * (1-Tc(0.27)))
Discount Rate = 6.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.96 | Cagr: 0.78%
[DCF] Terminal Value 77.97% ; FCFF base≈301.7m ; Y1≈345.8m ; Y5≈509.0m
[DCF] Fair Price = 136.6 (EV 7.66b - Net Debt 1.69b = Equity 5.97b / Shares 43.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.72 | EPS CAGR: 11.02% | SUE: 0.63 | # QB: 0
Revenue Correlation: 95.65 | Revenue CAGR: 11.54% | SUE: -1.96 | # QB: -1
EPS current Quarter (2026-09-30): EPS=1.87 | Chg30d=+0.11% | Revisions=+25% | Analysts=9
EPS current Year (2026-12-31): EPS=6.12 | Chg30d=-0.07% | Revisions=-25% | GrowthEPS=+6.5% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=6.69 | Chg30d=-0.21% | Revisions=-25% | GrowthEPS=+9.3% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: -17% (up=1, down=2)