Obermatt

FirstService

TOR:FSV · CA33767E2024
Real Estate Management & DevelopmentLarge

360

93
EV / EBIT31
Price / Owner Earnings10
Owner Earnings Yield40
Dividend Yield41
Price/Sales80
EV / Gross Profit88
Price/Book15
Return on Capital87
Cash Return on Capital81
Return on Equity69
EBIT Margin15
Gross Profitability97
Cash Conversion85
Accruals79
Owner Earnings Margin25
Sales growth58
Profit Growth56
Long-Term EPS Growth64
Owner Earnings Growth56
Reinvestment38
Price momentum16
Debt load55
Refinancing74
Debt Payback68
Liquidity79
Analyst ratings78
Opinion Changes80
Price Target Upside54
Market mood86
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

FirstService clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryCanada
IndustryReal Estate Management & Development
SizeLarge
TypePublic Company
ExchangeTSX
Founded1988
Employees454
ISINCA33767E2024
Last UpdateApr 2, 2026
Themes
Assisted LivingReal Estate TechnologyHome Improvement

Description

FirstService Corporation (FirstService) provides residential property management and other essential property services to residential and commercial customers in North America. Segments The company’s operations are conducted in two segments: FirstS…

Analysis

Quality compounder

FirstService Corporation earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is expensive. The owner-earnings multiple stands at 28.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 11% a year, against analyst forecasts of 6%. The gap between price and consensus is worth watching: demanding expectations.

Growth is moderate; the safety picture is sturdy. The company scores 8/20 on our value-creation score: creating some value. Analysts lean positive.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
86
2023202420252026

All-time high

92

Jan 2024

All-time low

51

Jan 2023

Average rank

80

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
80
64
59
66
Price/Earnings
45
44
42
47
Price/Book
15
15
15
14
Dividend Yield
41
26
34
33
Value (overall)
44
30
38
45

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →