FSV Stock Analysis: FirstService | NASDAQ
Real Estate Services | NASDAQ, USA | Market Cap: 6.346m USD | 12M Return: -28.9% | CA33767E2024 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.1M
EPS Trend: 89.7%
Qual. Beats: 0
Rev. Trend: 95.6%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.2 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 (NASDAQ: FSV) is a Toronto-headquartered provider of residential property management and related property services, operating across the United States and Canada through two main segments: FirstService Residential and FirstService Brands. Founded in 1988, the company serves a broad client base that includes condominiums, co-operatives, homeowner associations, and master-planned communities, with ancillary offerings ranging from on-site building staffing and amenity management to proprietary banking, insurance, and energy management products. The residential property management sector serving community associations is highly fragmented, with FirstService being one of the larger scaled operators in North America.
The FirstService Brands segment extends the companys reach into adjacent home and commercial services, combining company-owned operations with franchise systems under brands such as Paul Davis Restoration, California Closets, CertaPro Painters, Century Fire Protection, and Pillar to Post Home Inspectors. Services include property restoration, painting, custom closet design, fire protection, and floor covering installation. This franchise-plus-direct hybrid model is common in the home services industry, allowing the company to scale geographically while leveraging local operator expertise.
- Organic contract growth and pricing lift residential segment revenue
- Severe weather events drive Paul Davis restoration demand higher
- Housing market slowdown pressures new development starts and contract wins
| 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 August 30, 2026, the stock is trading at USD 141.54 with a total of 272,539 shares traded. Over the past week, the price has changed by -2.04%, over one month by -1.03%, over three months by +2.25% and over the past year by -28.91%.
Current recommended Stop Loss: 136.60 (which is 3.5% or 1.4 ATR below the current price).
FirstService has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy FSV.
- StrongBuy: 3
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 173.9 | 22.8% |
P/E Trailing = 40.932
P/E Forward = 23.3645
P/S = 1.1338
P/B = 5.2098
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 = 8.04b USD (6.35b + Debt 1.87b - CCE 173.4m)
Interest Coverage Ratio = 5.28 (Ebit TTM 348.1m / Interest Expense TTM 65.9m)
EV/FCF = 23.81x (Enterprise Value 8.04b / FCF TTM 337.7m)
FCF Yield = 4.20% (FCF TTM 337.7m / Enterprise Value 8.04b)
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 = 1.85 (Enterprise Value 8.04b / 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 = 5.82% (E(6.35b)/V(8.21b) * Re(6.78%) + D(1.87b)/V(8.21b) * Rd(3.53%) * (1-Tc(0.27)))
Discount Rate = 6.78% (= 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 = 135.8 (EV 7.66b - Net Debt 1.69b = Equity 5.97b / Shares 43.9m; 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=1.86 | Chg30d=-3.65% | Revisions=-50% | Analysts=9
EPS current Year (2026-12-31): EPS=6.13 | Chg30d=-0.71% | Revisions=-31% | GrowthEPS=+6.5% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=6.70 | Chg30d=-1.19% | Revisions=-31% | GrowthEPS=+9.4% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -43% (up=7, down=20)