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FirstService Corp

Real Estate CA FSV

203.89CAD
1.09(0.54%)

Last update at 2024-05-16T19:32:00Z

Day Range

203.15205.21
LowHigh

52 Week Range

180.32223.53
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

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
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 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
Total assets 2774.51M 2509.02M 2196.54M 1954.06M 1007.47M
Intangible assets 368.45M 382.11M 378.76M 366.22M 148.80M
Earning assets - - - - -
Other current assets 313.58M 218.82M 191.49M 140.12M 51.24M
Total liab 1633.62M 1490.17M 1343.11M 1353.51M 619.66M
Total stockholder equity 907.47M 799.72M 660.40M 425.89M 236.23M
Deferred long term liab - - - - -
Other current liab 304.25M 290.96M 260.60M 170.26M 143.21M
Common stock 813.03M 797.43M 770.03M 605.43M 148.71M
Capital stock 813.03M 797.43M 770.03M 605.43M 148.71M
Retained earnings 17.35M -67.92000M -171.08500M -229.87400M 45.54M
Other liab 129.28M 153.99M 137.44M 124.39M 62.11M
Good will 886.09M 843.36M 703.74M 644.85M 335.15M
Other assets 33.67M 21.10M 14.97M 11.82M 10.35M
Cash 136.22M 165.66M 184.29M 121.20M 66.34M
Cash and equivalents 136.22M 165.66M 184.29M 121.20M 66.34M
Total current liabilities 636.99M 618.47M 543.75M 358.21M 226.95M
Current deferred revenue 131.94M 121.91M 92.86M 75.55M 38.11M
Net debt 815.95M 657.52M 569.42M 787.29M 268.18M
Short term debt 84.81M 105.48M 91.79M 36.17M 3.92M
Short long term debt 35.66M 57.44M 56.48M 5.54M 3.92M
Short long term debt total 952.16M 823.19M 753.71M 908.49M 334.52M
Other stockholder equity 83.01M 68.25M 59.30M 50.79M 45.10M
Property plant equipment 372.56M 297.80M 279.75M 264.44M 98.10M
Total current assets 1108.87M 964.66M 819.32M 668.14M 415.07M
Long term investments - - - - -
Net tangible assets -347.07100M -425.74700M -422.10200M -585.18400M -247.72700M
Short term investments - - - - -
Net receivables 635.94M 551.56M 418.89M 393.73M 249.26M
Long term debt 688.69M 595.37M 533.13M 754.82M 329.83M
Inventory 242.34M 161.39M 141.98M 94.51M 48.23M
Accounts payable 115.99M 100.12M 98.50M 76.23M 41.71M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -5.91700M 1.97M 2.15M -0.45600M -3.11500M
Additional paid in capital - - - - -
Common stock total equity - - 770.03M 605.43M 148.71M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 36.85M 19.34M 12.92M 7.58M 10.35M
Deferred long term asset charges - - - - -
Non current assets total 1665.64M 1544.36M 1377.22M 1285.92M 592.40M
Capital lease obligations 217.70M 170.38M 164.11M 141.87M -
Long term debt total 698.80M 595.37M 533.13M 761.08M 330.61M
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

Fundamentals

  • Previous Close 202.80
  • Market Cap9815.77M
  • Volume24627
  • P/E Ratio55.28
  • Dividend Yield0.55%
  • EBITDA394.40M
  • Revenue TTM4275.39M
  • Revenue Per Share TTM96.21
  • Gross Profit TTM 1180.12M
  • Diluted EPS TTM3.98

Peer Comparison

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
1.09 0.54% 203.89 55.28 28.82 2.30 7.16 2.57 27.83
CIGI
Colliers International Group Inc Bats
-0.155 0.10% 158.84 244.90 16.89 1.74 7.24 2.31 20.68
AIF
Altus Group Limited
-0.1 0.21% 47.80 1475.33 20.66 2.63 3.36 3.05 25.04
SVI
Storage Vault Canada Inc
-0.015 0.32% 4.72 - - 7.06 9.36 13.07 20.12
MEQ
Mainstreet Equity Corp.
-2.06 1.17% 173.42 12.52 22.27 6.52 1.04 13.59 15.87

Reports Covered

Stock Research & News

Profile

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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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 also provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service swimming pool and 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. The FirstService Brands segment operates and provides essential property services to residential and commercial customers through five franchise networks; and company-owned operations, including 21 California Closets, 14 Paul Davis Restoration, and 1 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, First Onsite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.

FirstService Corp

1255 Bay Street, Toronto, ON, Canada, M5R 2A9

Key Executives

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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