FirstService Corporation (FSV) vs IHS Holding Limited (IHS)

FirstService Corporation and IHS Holding Limited are both Real Estate Services companies. FirstService Corporation is the larger, with a market value of $5.8B against $2.9B — 2.0× the size. IHS Holding Limited trades at the lower P/E: 20.1× against 36.3×. IHS Holding Limited grew revenue faster over the last twelve months: 13.2% against 3.12%. IHS Holding Limited has the higher net margin (8.63% vs 2.88%) and the higher return on invested capital (20.2% vs 9.59%). Across the 21 metrics below, IHS Holding Limited leads on 13 and FirstService Corporation on 8.

Valuation

Metric FSV IHS Real Estate Services median
P/E 36.33 20.07 16.25
P/S 1.04 1.50 1.12
P/B 4.79 n/m 1.32
Price to free cash flow 17.39 3.83 13.29
EV/EBITDA 12.93 5.68 10.22
EV/Sales 1.25 2.93 1.16
Earnings yield 2.75% 4.98% 0.99%
Free cash flow yield 5.75% 26.10% (0.97%)

Profitability

Metric FSV IHS Real Estate Services median
Gross margin 33.37% 53.48% 26.81%
Operating margin 6.22% 42.57% 0.00%
Net margin 2.88% 8.63% 0.11%
Free cash flow margin 5.99% 39.22% 0.00%
Return on equity 13.07% (101.14%) 0.94%
Return on assets 3.70% 3.21% 0.00%
Return on invested capital 9.59% 20.20% 0.00%

Growth

Metric FSV IHS Real Estate Services median
Revenue growth (TTM) 3.12% 13.15% 4.33%
EPS growth (last fiscal year) 6.73% 108.57% —
Revenue growth, 5-year CAGR 14.67% 2.43% 4.05%
Net income growth, 5-year CAGR 10.70% 0.00% 0.00%

Health

Metric FSV IHS Real Estate Services median
Debt to equity 1.03 (18.75) 0.08
Current ratio 1.98 1.93 1.95
Net debt to EBITDA 1.72 2.19 0.54

Dividend

Metric FSV IHS Real Estate Services median
Dividend yield 0.59% — 1.33%
Payout ratio 0.29 0.00 0.00

Size

Metric FSV IHS Real Estate Services median
Market cap 5.81b 2.85b 218.52m

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