FSV Stock Analysis: FirstService | NASDAQ
Real Estate Services | NASDAQ, USA | Market Cap: 6.480m USD | 12M Return: -19.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.5M
EPS Trend: 53.8%
Qual. Beats: 0
Rev. Trend: 97.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 162.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 3.46 > 1.0 |
| NWC/Revenue: 11.51% < 20% (prev 14.24%; Δ -2.73% < -1%) |
| CFO/TA 0.12 > 3% & CFO 498.8m > Net Income 162.8m |
| Net Debt (1.46b) to EBITDA (546.3m): 2.68 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.9m) vs 12m ago 0.64% < -2% |
| Gross Margin: 31.79% > 18% (prev 33.11%; Δ -1.31% > 0.5%) |
| Asset Turnover: 131.0% > 50% (prev 125.4%; Δ 5.61% > 0%) |
| Interest Coverage Ratio: 5.09 > 6 (EBIT TTM 356.5m / Interest Expense TTM 70.0m) |
| A: 0.15 (Total Current Assets 1.51b - Total Current Liabilities 866.6m) / Total Assets 4.29b |
| B: 0.06 (Retained Earnings 266.4m / Total Assets 4.29b) |
| C: 0.08 (EBIT TTM 356.5m / Avg Total Assets 4.26b) |
| D: 0.60 (Book Value of Equity 1.43b / Total Liabilities 2.39b) |
| Altman-Z'' = 2.38 = BBB |
| DSRI: 0.87 (Receivables 879.6m/956.7m, Revenue 5.59b/5.31b) |
| GMI: 1.04 (GM 33.11% / 31.79%) |
| AQI: 1.01 (AQ_t 0.52 / AQ_t-1 0.51) |
| SGI: 1.05 (Revenue 5.59b / 5.31b) |
| TATA: -0.08 (NI 162.8m - CFO 498.8m) / TA 4.29b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of July 14, 2026, the stock is trading at USD 143.28 with a total of 88,543 shares traded. Over the past week, the price has changed by -0.94%, over one month by -0.08%, over three months by -3.44% and over the past year by -19.36%.
Current recommended Stop Loss: 137.20 (which is 4.2% or 1.5 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 | 188.5 | 31.6% |
P/E Trailing = 39.6958
P/E Forward = 24.2718
P/S = 1.1647
P/B = 4.6919
P/EG = 2.17
Revenue TTM = 5.59b USD
EBIT TTM = 356.5m USD
EBITDA TTM = 546.3m USD
Long Term Debt = 1.04b USD (from longTermDebt, last quarter)
Short Term Debt = 72.8m USD (from shortTermDebt, last quarter)
Debt = 1.68b USD (from shortLongTermDebtTotal, last quarter) + Leases 310.6m
Net Debt = 1.46b USD (calculated: Debt 1.68b - CCE 214.0m)
Enterprise Value = 7.94b USD (6.48b + Debt 1.68b - CCE 214.0m)
Interest Coverage Ratio = 5.09 (Ebit TTM 356.5m / Interest Expense TTM 70.0m)
EV/FCF = 21.44x (Enterprise Value 7.94b / FCF TTM 370.6m)
FCF Yield = 4.67% (FCF TTM 370.6m / Enterprise Value 7.94b)
FCF Margin = 6.63% (FCF TTM 370.6m / Revenue TTM 5.59b)
Net Margin = 2.92% (Net Income TTM 162.8m / Revenue TTM 5.59b)
Gross Margin = 31.79% ((Revenue TTM 5.59b - Cost of Revenue TTM 3.81b) / Revenue TTM)
Gross Margin QoQ = 32.70% (prev 26.87%)
Tobins Q-Ratio = 1.85 (Enterprise Value 7.94b / Total Assets 4.29b)
Interest Expense / Debt = 4.17% (Interest Expense 70.0m / Debt 1.68b)
Taxrate = 28.15% (78.8m / 279.9m)
NOPAT = 256.1m (EBIT 356.5m * (1 - 28.15%))
Current Ratio = 1.74 (Total Current Assets 1.51b / Total Current Liabilities 866.6m)
Debt / Equity = 1.17 (Debt 1.68b / totalStockholderEquity, last quarter 1.43b)
Debt / EBITDA = 2.68 (Net Debt 1.46b / EBITDA 546.3m)
Debt / FCF = 3.95 (Net Debt 1.46b / FCF TTM 370.6m)
Total Stockholder Equity = 1.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.82% (Net Income 162.8m / Total Assets 4.29b)
RoE = 12.07% (Net Income TTM 162.8m / Total Stockholder Equity 1.35b)
RoCE = 14.91% (EBIT 356.5m / Capital Employed (Equity 1.35b + L.T.Debt 1.04b))
RoIC = 7.80% (NOPAT 256.1m / Invested Capital 3.28b)
WACC = 6.17% (E(6.48b)/V(8.16b) * Re(6.99%) + D(1.68b)/V(8.16b) * Rd(4.17%) * (1-Tc(0.28)))
Discount Rate = 6.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 1.01%
[DCF] Terminal Value 77.97% ; FCFF base≈310.0m ; Y1≈355.4m ; Y5≈523.0m
[DCF] Fair Price = 139.3 (EV 7.87b - Net Debt 1.46b = Equity 6.41b / Shares 46.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 53.84 | EPS CAGR: 4.47% | SUE: 0.45 | # QB: 0
Revenue Correlation: 97.55 | Revenue CAGR: 12.95% | SUE: 0.38 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.71 | Chg30d=+0.59% | Revisions=-38% | Analysts=8
EPS next Quarter (2026-09-30): EPS=1.91 | Chg30d=+0.20% | Revisions=-29% | Analysts=8
EPS current Year (2026-12-31): EPS=6.13 | Chg30d=+0.03% | Revisions=+0% | GrowthEPS=+6.6% | GrowthRev=+5.9%
EPS next Year (2027-12-31): EPS=6.74 | Chg30d=-0.13% | Revisions=+0% | GrowthEPS=+9.9% | GrowthRev=+6.3%
[Analyst] Revisions Ratio: -31% (up=4, down=9)