RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
Last update at 2024-11-21T19:30:00Z
FirstService (FSV) Reports Next Week: Wall Street Expects Earnings Growth
Thu 17 Oct 24, 02:01 PMFirstService to Announce Third Quarter Results on October 24, 2024
Thu 03 Oct 24, 11:30 AMThose who invested in FirstService (TSE:FSV) five years ago are up 87%
Sat 21 Sep 24, 02:49 PMFirstService Declares Quarterly Cash Dividend on Common Shares
Tue 10 Sep 24, 04:30 PMFirstService Announces Normal Course Issuer Bid
Wed 21 Aug 24, 08:15 PMIs Now An Opportune Moment To Examine FirstService Corporation (TSE:FSV)?
Thu 01 Aug 24, 11:38 AMFloor Coverings International Builds Out Robust Support Team Fueling All-Time High Performance
Tue 30 Jul 24, 01:36 PMCentury Fire Protection Acquires Citadel Fire Sprinkler and Sentry Fire Protection
Tue 30 Jul 24, 11:30 AMFirstService Reports Second Quarter 2024 Results
Thu 25 Jul 24, 11:30 AMFirstService Maintained at Buy at Stifel GMP Ahead of Q2 Results; Price Target Kept at US$190.00
Fri 19 Jul 24, 01:30 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 193.98M | 209.00M | 145.46M | -200.48400M | 115.20M |
Minority interest | -23.93300M | -20.91800M | 193.03M | 174.66M | 151.59M |
Net income | 121.07M | 135.21M | 87.26M | -227.63100M | 65.86M |
Selling general administrative | 846.43M | 733.60M | 628.52M | 546.26M | 426.38M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 1180.12M | 1046.23M | 900.62M | 773.31M | 611.22M |
Reconciled depreciation | 110.14M | 98.97M | 98.38M | 79.56M | 52.77M |
Ebit | 219.03M | 201.64M | 169.41M | -166.88000M | 103.41M |
Ebitda | 333.83M | 336.03M | 272.45M | -81.30800M | 156.18M |
Depreciation and amortization | 114.81M | 134.39M | 103.04M | 85.57M | 52.77M |
Non operating income net other | - | - | - | - | - |
Operating income | 219.03M | 201.64M | 169.41M | -166.88000M | 127.57M |
Other operating expenses | 3522.29M | 3035.41M | 2598.70M | 2574.29M | 1799.40M |
Interest expense | 25.19M | 16.04M | 24.32M | 32.08M | 12.62M |
Tax provision | 48.97M | 52.88M | 35.87M | 27.15M | 24.92M |
Interest income | 25.19M | 16.04M | 24.32M | 32.08M | 12.62M |
Net interest income | -25.19100M | -16.03600M | -24.31800M | -32.08000M | -12.62000M |
Extraordinary items | - | - | - | - | 0.00000M |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 48.97M | 52.88M | 35.87M | 27.15M | 24.92M |
Total revenue | 3745.84M | 3249.07M | 2772.41M | 2407.41M | 1931.47M |
Total operating expenses | 956.57M | 832.57M | 726.90M | 940.19M | 479.15M |
Cost of revenue | 2565.72M | 2202.84M | 1871.80M | 1634.10M | 1320.25M |
Total other income expense net | -25.04500M | 7.36M | -23.95700M | -33.60400M | -12.36600M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 145.01M | 156.13M | 109.59M | -227.63100M | 90.28M |
Net income applicable to common shares | 121.07M | 135.21M | 87.26M | -251.61000M | 65.86M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 3625.74M | 2774.51M | 2509.02M | 2196.54M | 1954.06M |
Intangible assets | 628.01M | 368.45M | 382.11M | 378.76M | 366.22M |
Earning assets | - | - | - | - | - |
Other current assets | 56.89M | 313.58M | 218.82M | 191.49M | 140.12M |
Total liab | 2268.63M | 1633.62M | 1490.17M | 1343.11M | 1353.51M |
Total stockholder equity | 1024.15M | 907.47M | 799.72M | 660.40M | 425.89M |
Deferred long term liab | - | - | - | - | - |
Other current liab | 353.66M | 304.25M | 290.96M | 260.60M | 170.26M |
Common stock | 855.82M | 813.03M | 797.43M | 770.03M | 605.43M |
Capital stock | 855.82M | 813.03M | 797.43M | 770.03M | 605.43M |
Retained earnings | 77.48M | 17.35M | -67.92000M | -171.08500M | -229.87400M |
Other liab | - | 129.28M | 153.99M | 137.44M | 124.39M |
Good will | 1179.83M | 886.09M | 843.36M | 703.74M | 644.85M |
Other assets | - | 33.67M | 21.10M | 14.97M | 11.82M |
Cash | 187.62M | 136.22M | 165.66M | 184.29M | 121.20M |
Cash and equivalents | - | 136.22M | 165.66M | 184.29M | 121.20M |
Total current liabilities | 770.77M | 636.99M | 618.47M | 543.75M | 358.21M |
Current deferred revenue | 185.74M | 131.94M | 121.91M | 92.86M | 75.55M |
Net debt | 1229.31M | 815.95M | 657.52M | 569.42M | 787.29M |
Short term debt | 88.03M | 84.81M | 105.48M | 91.79M | 36.17M |
Short long term debt | 37.13M | 35.66M | 57.44M | 56.48M | 5.54M |
Short long term debt total | 1416.93M | 952.16M | 823.19M | 753.71M | 908.49M |
Other stockholder equity | 95.22M | 83.01M | 68.25M | 59.30M | 50.79M |
Property plant equipment | - | 372.56M | 297.80M | 279.75M | 264.44M |
Total current assets | 1361.00M | 1108.87M | 964.66M | 819.32M | 668.14M |
Long term investments | - | - | - | - | - |
Net tangible assets | - | -347.07100M | -425.74700M | -422.10200M | -585.18400M |
Short term investments | - | - | - | - | - |
Net receivables | 851.04M | 635.94M | 551.56M | 418.89M | 393.73M |
Long term debt | 1144.97M | 688.69M | 595.37M | 533.13M | 754.82M |
Inventory | 246.19M | 242.34M | 161.39M | 141.98M | 94.51M |
Accounts payable | 143.35M | 115.99M | 100.12M | 98.50M | 76.23M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -4.37100M | -5.91700M | 1.97M | 2.15M | -0.45600M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | 770.03M | 605.43M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | - | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 28.43M | 36.85M | 19.34M | 12.92M | 7.58M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 2264.74M | 1665.64M | 1544.36M | 1377.22M | 1285.92M |
Capital lease obligations | 234.82M | 217.70M | 170.38M | 164.11M | 141.87M |
Long term debt total | - | 698.80M | 595.37M | 533.13M | 761.08M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | -160.80000M | -206.32000M | -142.26200M | -614.96500M | -106.19900M |
Change to liabilities | 15.37M | 7.71M | 26.77M | 12.67M | -9.57900M |
Total cashflows from investing activities | -160.80000M | -206.32000M | -142.26200M | -614.96500M | -106.19900M |
Net borrowings | 80.16M | 62.06M | -179.28700M | 429.86M | 62.29M |
Total cash from financing activities | 18.78M | 24.43M | -75.19600M | 561.14M | 20.44M |
Change to operating activities | -35.42000M | 8.13M | 93.46M | 18.30M | 6.18M |
Net income | 145.01M | 156.13M | 109.59M | -227.63100M | 90.28M |
Change in cash | -34.92300M | -14.66700M | 74.65M | 54.45M | 12.95M |
Begin period cash flow | 194.27M | 208.94M | 134.29M | 79.84M | 66.89M |
End period cash flow | 159.35M | 194.27M | 208.94M | 134.29M | 79.84M |
Total cash from operating activities | 105.89M | 167.27M | 291.76M | 107.81M | 99.46M |
Issuance of capital stock | - | 0.00000M | 150.01M | 191.74M | - |
Depreciation | 110.14M | 98.97M | 98.38M | 79.56M | 52.77M |
Other cashflows from investing activities | -83.19100M | -0.67500M | -4.28800M | -1.50400M | -6.15800M |
Dividends paid | 34.88M | 31.21M | 27.45M | 22.04M | 18.78M |
Change to inventory | -71.51700M | -15.50500M | -44.23500M | -7.10700M | -5.78000M |
Change to account receivables | -69.67100M | -86.94300M | 8.91M | -17.39600M | -37.10000M |
Sale purchase of stock | 12.30M | 21.58M | 161.52M | 624.05M | -8.99800M |
Other cashflows from financing activities | 123.67M | 124.06M | -18.46900M | 585.64M | 89.85M |
Change to netincome | 49.74M | 24.48M | 16.58M | 268.75M | 32.24M |
Capital expenditures | 77.61M | 58.20M | 39.41M | 46.63M | 40.60M |
Change receivables | - | - | - | - | - |
Cash flows other operating | - | - | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | - | - | - | - |
Change in working capital | -175.06100M | -78.11900M | 89.54M | -27.10900M | -50.03400M |
Stock based compensation | 18.96M | - | - | - | - |
Other non cash items | -0.59400M | -7.09100M | 12.31M | 291.98M | 4.45M |
Free cash flow | 28.28M | 109.06M | 252.35M | 61.18M | 58.86M |
Sector: Real Estate Industry: Real Estate Services
Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
FSV FirstService Corp |
3.47 1.32% | 266.76 | 78.12 | 33.67 | 2.38 | 7.35 | 1.99 | 21.75 |
CIGI Colliers International Group Inc Bats |
1.45 0.73% | 200.34 | 47.88 | 21.83 | 2.39 | 6.26 | 2.22 | 16.44 |
BPO-PC Brookfield Office Properties Inc Pref C |
0.34 2.54% | 13.75 | 2.86 | - | 2.38 | - | ||
BPO-PA Brookfield Office Properties Inc Pref A |
0.51 5.10% | 10.51 | 2.21 | - | 1.84 | - | ||
BPO-PP Brookfield Offi Pro Cl Aaa P Prf |
0.13 1.42% | 9.28 | 1.98 | - | 1.65 | - |
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. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. Its FirstService Brands segment operates and provides essential property services to residential and commercial customers through franchise networks; and company-owned operations, including California Closets, Paul Davis Restoration, and CertaPro Painters operations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, Roofing Corp of America, First Onsite property Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.
1255 Bay Street, Toronto, ON, Canada, M5R 2A9
Name | Title | Year Born |
---|---|---|
Mr. Jay Stewart Hennick CM | Founder & Chairman | 1957 |
Mr. D. Scott Patterson | Pres, CEO & Non-Independent Director | 1961 |
Mr. Jeremy Alan Rakusin | Chief Financial Officer | 1969 |
Mr. Alex Nguyen | Sr. VP of Strategy & Corp. Devel. | 1983 |
Mr. Roger M. Thompson | VP of Strategy & Sustainability | 1979 |
Mr. Douglas G. Cooke | Sr. VP, Corp. Controller & Corp. Sec. | 1960 |
Mr. Mark D. Hopkins | Pres of FirstService Residential Ontario | NA |
Ms. Sarah Alberts | Director of Marketing & Communications of FirstService Residential Ontario | NA |
Mr. Charlie E. Chase | CEO & Pres of FirstService Brands | 1961 |
Mr. David Diestel | Chief Exec. Officer of FirstService Residential | 1970 |
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