FirstService Corporation FSV
- Market cap
- $5.8B
- P/E
- 36.3×
Follow FSV
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32.71 | 47.11 | 62.90 | 65.55 | 57.38 | 132.13 | 112.44 | 121.94 | 141.26 | 147.23 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 53.15 | 74.49 | 90.21 | 111.09 | 145.84 | 202.78 | 199.07 | 166.27 | 197.84 | 209.66 |
High Price
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| 17,000 | 19,000 | 20,000 | 24,000 | 24,000 | 25,000 | 27,000 | 29,000 | 30,000 | 31,000 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 1,483 | 1,729 | 1,931 | 2,407 | 2,772 | 3,249 | 3,746 | 4,335 | 5,217 | 5,498 |
Revenue
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| 29.19% | 31.24% | 31.65% | 32.12% | 32.48% | 32.20% | 31.50% | 32.01% | 32.93% | 33.58% |
Gross Margin
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| 82 | 97 | 115 | (200) | 145 | 209 | 194 | 203 | 258 | 267 |
EBT
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| 5.50% | 5.59% | 5.96% | (8.33%) | 5.25% | 6.43% | 5.18% | 4.69% | 4.94% | 4.85% |
EBT Margin
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| 54 | 75 | 90 | (228) | 110 | 156 | 145 | 147 | 188 | 191 |
Net Income
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| 37 | 42 | 53 | 80 | 98 | 99 | 110 | 128 | 165 | 185 |
Depreciation
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| 41.23 | 48.15 | 53.72 | 62.98 | 64.84 | 74.11 | 84.80 | 97.28 | 115.88 | 120.75 |
Revenue/Sh
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| 0.93 | 1.48 | 1.83 | (6.58) | 2.04 | 3.08 | 2.74 | 2.25 | 2.98 | 3.19 |
Earnings/Sh
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| 3.03 | 3.22 | 2.77 | 2.82 | 6.82 | 3.82 | 2.40 | 6.29 | 6.35 | 9.80 |
Cash Flow/Sh
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| (0.81) | (1.01) | (1.13) | (1.22) | (0.92) | (1.33) | (1.76) | (1.92) | (2.51) | (2.80) |
Capex/Sh
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| 2.22 | 2.21 | 1.64 | 1.60 | 5.90 | 2.49 | 0.64 | 4.38 | 3.84 | 6.99 |
Free CF/Sh
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| 5.03 | 5.36 | 6.57 | 11.14 | 15.45 | 18.24 | 20.54 | 22.99 | 26.38 | 30.22 |
Book Value/Sh
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| 36 | 36 | 36 | 38 | 43 | 44 | 44 | 45 | 45 | 46 |
Shares
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| 51.23 | 46.98 | 37.22 | 0.00 | 67.04 | 63.58 | 45.10 | 70.34 | 60.75 | 49.06 |
PE Ratio
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| 1.15 | 1.44 | 1.27 | 1.48 | 2.11 | 2.65 | 1.45 | 1.63 | 1.56 | 1.29 |
PS Ratio
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| 9.45 | 12.98 | 10.42 | 8.35 | 8.85 | 10.77 | 5.99 | 6.89 | 6.86 | 5.15 |
PB Ratio
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| 1.29 | 1.56 | 1.41 | 1.76 | 2.28 | 2.82 | 1.64 | 1.88 | 1.79 | 1.48 |
EV/Sales
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| 22.82 | 34.02 | 46.17 | 69.06 | 25.05 | 84.14 | 216.91 | 41.81 | 53.97 | 25.48 |
EV/FCF
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| 109 | 116 | 99 | 108 | 292 | 167 | 106 | 280 | 286 | 446 |
Op' Cash Flow
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| (29) | (36) | (41) | (47) | (39) | (58) | (78) | (85) | (113) | (128) |
Capex
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| 80 | 79 | 59 | 61 | 252 | 109 | 28 | 195 | 173 | 318 |
FCF
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| 92 | 101 | 159 | 295 | 290 | 371 | 423 | 591 | 663 | 582 |
Working Cap'
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| 251 | 270 | 335 | 767 | 590 | 653 | 734 | 1,182 | 1,299 | 1,083 |
Total Debt
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| 194 | 203 | 255 | 632 | 381 | 459 | 575 | 975 | 1,055 | 903 |
Net Debt
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| 181 | 192 | 236 | 426 | 660 | 800 | 907 | 1,024 | 1,188 | 1,376 |
Sh' Equity
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| 4.90% | 6.36% | 7.10% | (16.98%) | 4.20% | 5.75% | 4.58% | 3.14% | 3.44% | 3.42% |
ROA
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| 15.09% | 16.61% | 16.24% | (10.30%) | 10.17% | 10.02% | 9.23% | 7.66% | 9.41% | 9.27% |
ROIC
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| 19.31% | 27.56% | 30.74% | (76.00%) | 16.07% | 18.52% | 14.18% | 10.39% | 12.15% | 11.32% |
ROE
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FirstService Corporation peers in Real Estate Services
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| COMP Compass, Inc. | $7.1B | 134× | Compare |
| CIGI Colliers International Group Inc. | $4.7B | 42.7× | Compare |
| CSGP CoStar Group, Inc. | $11.3B | 150× | Compare |
| CWK Cushman & Wakefield PLC | $2.9B | 41.9× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| IHS IHS Holding Limited | $2.9B | 20.1× | Compare |
| OPEN Opendoor Technologies Inc. | $2.5B | 0.0× | Compare |
| NMRK Newmark Group, Inc. | $2.4B | 15.7× | Compare |
| JLL Jones Lang LaSalle Incorporated | $14.9B | 15.1× | Compare |
FirstService Corporation (FSV) key facts
- FirstService Corporation (FSV) is a Real Estate Services company in the Real Estate sector, listed on Nasdaq.
- FirstService Corporation’s revenue for fiscal 2025 (year ended December 2025) was CAD 5.5 billion, up 5.38% from fiscal 2024.
- Net income was CAD 190.7 million, or CAD 3.19 per share (basic), a net margin of 2.64%.
- As of September 25, 2026, FSV traded at $128.62, a market capitalization of $5.8 billion.
- At that price the stock trades at 36.3× trailing-twelve-month earnings and 1.0× sales.
- FirstService Corporation pays an annual dividend of $0.90 per share, a yield of 0.59%, with a payout ratio of 28.5%.
- Return on equity was 11.3% and debt-to-equity 1.03.
FirstService Corporation (FSV) Latest News
26 Sep
FirstService Corp. (TSX: FSV) declared a quarterly cash dividend of US$0.305 per share, payable Oct. 7, 2026. The stock trades near CA$182.53 after a rough stretch: 30‑day return −8.4%, YTD −11.98%, and 1‑year total return about −30.4%. The pullback comes as FirstService Residential participates in Alexandria’s EV charging program and the company pursues bolt‑on acquisitions to expand geographic reach and services. Valuation signals remain mixed: Simply Wall St. pegs a fair value of CA$238.65, suggesting the decline could reflect cash‑flow quality and momentum rather than weak fundamentals. The stock trades at roughly 35x trailing earnings versus about 13x for peers, implying a premium that may be justified by earnings quality or risk becoming a headwind. Risks include softer organic trends in Brands and Roofing that could pressure earnings if the headwinds persist. Dividend and valuation gap may moderately influence sentiment, while earnings headwinds limit upside.
24 Sep
Three FirstService Residential-managed communities in Alexandria, VA—Marina Towers, Northampton Place, and Parkfairfax—joined the Plug in Alexandria EV charging program, gaining access to technical assistance and reimbursement grants up to $10,000 for qualifying charger installations. FirstService Energy will support these communities with energy-incentive advisory, reflecting a broader shift from traditional property management to energy management and infrastructure services. While no revenue figures are disclosed, the initiative signals potential deeper involvement in EV charging and energy-efficiency projects across managed properties, with investors watching for material contributions and future disclosures on revenue impact. Potential expansion into energy management could influence future revenue, but no current financial impact is disclosed.
FirstService Residential announced that three Alexandria, Virginia communities—Marina Towers Condominium Association, Northampton Place Condominium, and Parkfairfax Condominium—participated in the Plug in Alexandria program. Through FirstService Energy, the company provides advisory and consulting to help communities identify and pursue EV-incentive opportunities in markets including New York City, Boston, Toronto, and New Jersey. Plug in Alexandria helps multi-family residents access EV charging, offering technical guidance and a per-community reimbursement grant of up to $10,000 for eligible charger-installation expenses. Trent Harrison, President, MidAtlantic, said the firm’s teams were proud to support these communities, noting EV charging is a valuable asset for residents. FirstService Energy 360° offers a holistic energy-management subscription to simplify spending, track usage, and identify savings. FirstService Residential is a subsidiary of FirstService Corporation (FSV). Adds energy-management services and potential advisory revenue with EV charging grants, likely modest near-term impact.
23 Sep
Osterweis Capital Management highlighted FirstService Corporation (FSV) in its Q2 2026 investor letter, noting a tough quarter for roofing and residential closet segments but expecting a H2 rebound due to easier comps and storm-restoration normalization after 2025’s weak weather. The fund maintains its position, citing accelerating revenues and valuation at the low end of its 10-year range, with potential upside if AI market activity softens. FSV, a Canadian real estate services provider, closed around $133.34 on Sept 22, 2026; 1-month change was -7.08% and 12-month decline about -30.21%; market cap near $5.82B; 52-week range $119.41–$194.75. The letter references Conestoga Capital Advisors’ optimistic long-term view and notes AI-driven macro dynamics could influence capital allocation toward FSV if AI demand cools slightly. Soft Q2 with an expected H2 pickup and undervalued stock present moderate upside tied to cyclical recovery and AI-driven sentiment, but near-term headwinds keep impact balanced.
6 Aug
FirstService Corp. (FSV) evaluates attractiveness of its runway for continued growth. Growth runway analysis may moderately influence FSV financial outlook and investor views.
24 Jul
FirstService Corporation held its Q2 2026 earnings call, reporting financial results and discussing operational performance and outlook. Quarterly earnings updates provide performance details that can moderately influence short-term market sentiment and valuation.
23 Jul
FirstService Corporation held its Q2 2026 earnings call. Earnings call provides financial results and outlook that moderately influence FSV stock performance and sentiment.
FirstService Corporation released Q2 earnings call highlights covering financial performance, operational results and forward outlook. Q2 earnings highlights deliver performance data and guidance that can shift near-term investor views but rarely transform company trajectory.
FirstService Corporation released second quarter 2026 financial results. Quarterly earnings release can moderately shift investor views on near-term performance.
6 Jul
FirstService Residential launches Resilience First program to help communities prepare for water, fire and storm losses. New service launch may strengthen company's positioning in property management and disaster resilience services.
7 May
FirstService Corporation (TSX:FSV) exhibits stronger Q1 2026 EPS momentum, prompting reevaluation of its investment case. Stronger Q1 2026 EPS momentum signals improved financial performance, significantly impacting investor sentiment and company trajectory.
24 Apr
FirstService Corporation (FSV) reported strong revenue growth in Q1 2026 earnings call highlights, navigating market challenges effectively. Strong Q1 2026 revenue growth amid market challenges signals significant positive impact on FSV's financial trajectory and investor sentiment.
23 Apr
FirstService Corporation (FSV) released highlights from its Q1 earnings call. Q1 earnings call highlights reveal financial performance and guidance significantly influencing future trajectory and investor sentiment.
FirstService Corporation (FSV) released its Q1 2026 earnings call transcript, detailing quarterly financial results, management discussion, and forward guidance. Q1 2026 earnings transcript reveals financial performance, operational updates, and guidance that significantly influence FSV's stock trajectory and investor sentiment.
FirstService Corporation (FSV) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates indicates strong financial performance, likely enhancing investor sentiment and stock trajectory.
FirstService Corporation reported first quarter results. Quarterly earnings reports significantly impact financial performance and investor sentiment for the company.
FirstService Corporation released Q1 2026 earnings call summary detailing quarterly financial results, operational updates, and future outlook. Q1 earnings call summary affects financial performance and investor sentiment but remains balanced by ongoing operations.
16 Apr
FirstService Corporation (FSV) has consistently beaten earnings estimates, prompting questions on sustaining this positive surprise streak in upcoming reports. Earnings surprise anticipation moderately influences short-term financial performance and market sentiment for FSV.
FirstService Corporation (FSV) is forecasted to surpass earnings estimates due to robust revenue growth and operational efficiency, prompting analysts to recommend buying the stock ahead of the report. Forecasted earnings beat influences financial performance expectations and investor sentiment moderately.
14 Apr
FirstService Corporation (FSV) Q3 2024 earnings call transcript details quarterly financial results, operational updates, and management's outlook. Q3 earnings transcript discloses financial performance and guidance directly influencing future market performance and investor sentiment.
9 Mar
FirstService Corporation (FSV) stands out as an attractive investment bet due to strong operational performance, diversified services, robust financials, and growth potential in property management and real estate sectors. Positive investment thesis highlights key strengths likely to moderately boost investor sentiment and near-term market performance.
24 Feb
Analysts rework valuation assumptions for FirstService (TSX:FSV), shifting the company's investment story. Analysts reworking valuation assumptions indicates a significant shift in FirstService's market narrative and investor outlook.
19 Feb
Investors' unease over FirstService Corporation (FSV) stems from concerns about recent performance metrics, debt levels, and growth slowdowns in key segments. Investor unease highlights moderate risks to financial performance and market sentiment without fundamentally altering long-term trajectory.
18 Feb
FirstService Residential launched a new resident insurance solution in partnership with VIU by HUB. New resident insurance solution via partnership enhances service portfolio and competitive positioning in property management.
13 Feb
TD Securities has raised its price target on FirstService Corporation (FSV) to $217 while maintaining a Buy rating. This adjustment reflects positive sentiment towards the company's performance and growth prospects in the market. The price target increase indicates a moderately noticeable influence on investor sentiment and potential financial performance.
9 Feb
FirstService Corporation is navigating a dynamic landscape influenced by various factors, including market trends, operational strategies, and competitive positioning. The company is focusing on enhancing its service offerings and expanding its market reach, which may lead to improved financial performance. Additionally, shifts in consumer preferences and regulatory changes are shaping its strategic decisions. Investors are closely monitoring these developments as they could significantly impact FirstService's future trajectory. Strategic moves and market dynamics are likely to significantly alter the company's trajectory and investor sentiment.
FirstService Corporation reported an earnings beat and announced an 11% increase in its dividend, prompting positive reactions from investors. The company's strong financial performance and commitment to returning value to shareholders have bolstered market sentiment, reflecting confidence in its growth trajectory. The earnings beat and significant dividend increase are likely to enhance investor sentiment and indicate strong future performance.
8 Feb
BMO Capital has reaffirmed its 'Outperform' rating on FirstService Corporation (FSV), indicating confidence in the company's performance and growth potential. The firm believes that FSV is well-positioned to capitalize on market opportunities and maintain its competitive edge. Investors may view this endorsement as a positive signal regarding the company's future prospects. BMO's maintained rating suggests a moderately positive outlook, but does not indicate any transformative changes or major developments.
5 Feb
FirstService Corporation's Q4 2025 earnings call summary details quarterly financial results, full-year performance, and outlook amid operational updates. Q4 earnings summaries provide critical financial metrics and guidance shaping investor sentiment and stock trajectory.
4 Feb
FirstService Corporation reported its Q4 earnings, highlighting strong financial performance and growth in key segments. The company emphasized its strategic initiatives aimed at enhancing operational efficiency and expanding market presence. Management provided insights into future growth opportunities and addressed investor questions regarding market conditions and competitive positioning. Overall, the earnings call reflected a positive outlook for the company moving forward. Strong financial performance and strategic initiatives indicate significant potential for future growth and market impact.