FSV Stock Financial Analysis - FirstService Corporation (NasdaqGS) Stock

Overview

FirstService Corporation is a Canadian company primarily engaged in the property services sector. It operates through two main segments: FirstService Residential and FirstService Brands. FirstService Residential is the largest manager of residential communities in North America, overseeing properties from high-rise condominiums to low-rise homeowners associations. FirstService Brands provides property improvement and repair services, encompassing franchises like Paul Davis Restoration, CertaPro Painters, and College Pro Painters. Founded in 1989 and headquartered in Toronto, Ontario, FirstService has grown substantially, leveraging a franchise model and a strategy of acquisitions to expand its service offerings and geographical footprint, thereby enhancing its market presence in the property management industry.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for FirstService Corporation as of June 30, 2025 is 5,427.95 MM.
The operating income for FirstService Corporation as of June 30, 2025 is 353.64 MM.
The net income for FirstService Corporation as of June 30, 2025 is 141.91 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	5,427.95	353.64	141.91
2025-03-31	5,309.68	334.94	130.87
2024-12-31	5,216.89	323.11	134.38
2024-09-30	4,930.81	303.31	108.16
2024-06-30	4,651.87	265.28	80.28
2024-03-31	4,474.15	263.01	90.58
2023-12-31	4,334.55	266.41	100.39
2023-09-30	4,275.39	269.92	132.38
2023-06-30	4,118.73	259.57	133.90
2023-03-31	3,929.71	236.00	123.11
2022-12-31	3,745.84	223.55	121.07
2022-09-30	3,582.68	207.42	113.83
2022-06-30	3,471.66	209.61	125.27
2022-03-31	3,372.58	210.49	127.41
2021-12-31	3,249.07	213.66	135.21
2021-09-30	3,167.18	213.68	126.23
2021-06-30	3,059.68	207.08	113.44
2021-03-31	2,849.65	191.11	103.86
2020-12-31	2,772.41	173.71	87.26
2020-09-30	2,672.95	155.36	70.47

Income Statement: EPS

The earnings per share basic for FirstService Corporation as of June 30, 2025 is 3.14.
The earnings per share diluted for FirstService Corporation as of June 30, 2025 is 3.11.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	3.14	3.11
2025-03-31	2.90	2.88
2024-12-31	2.98	2.97
2024-09-30	2.41	2.40
2024-06-30	1.79	1.79
2024-03-31	2.03	2.02
2023-12-31	2.25	2.24
2023-09-30	2.98	2.96
2023-06-30	3.02	3.00
2023-03-31	2.78	2.76
2022-12-31	2.74	2.72
2022-09-30	2.58	2.56
2022-06-30	2.85	2.82
2022-03-31	2.90	2.87
2021-12-31	3.08	3.05
2021-09-30	2.89	2.85
2021-06-30	2.60	2.56
2021-03-31	2.40	2.37
2020-12-31	2.04	2.02
2020-09-30	1.67	1.66

Cash Flow: Operations, Investing, Financing

The cash from operating activities for FirstService Corporation as of June 30, 2025 is 367.81 MM.
The cash from investing activities for FirstService Corporation as of June 30, 2025 is -237.25 MM.
The cash from financing activities for FirstService Corporation as of June 30, 2025 is -136.58 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	367.81	-237.25	-136.58
2025-03-31	335.72	-311.61	31.88
2024-12-31	285.67	-323.70	74.41
2024-09-30	309.40	-702.44	451.42
2024-06-30	316.36	-719.90	451.13
2024-03-31	271.86	-594.53	349.73
2023-12-31	280.36	-646.33	413.94
2023-09-30	223.93	-262.54	31.69
2023-06-30	128.54	-246.85	120.33
2023-03-31	104.09	-247.24	102.48
2022-12-31	105.89	-160.80	18.78
2022-09-30	83.88	-166.61	94.29
2022-06-30	123.85	-183.69	33.80
2022-03-31	142.06	-211.09	88.59
2021-12-31	167.27	-206.32	24.43
2021-09-30	232.07	-164.22	-78.82
2021-06-30	245.45	-192.38	-112.09
2021-03-31	278.66	-144.66	-91.22
2020-12-31	291.76	-142.26	-75.20
2020-09-30	238.15	-135.64	-42.34

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/book for FirstService Corporation as of June 30, 2025 is 4.77.
The p/tbv for FirstService Corporation as of June 30, 2025 is -8.62.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30		4.77	-8.62
2025-03-31	56.16	4.61	-4.04
2024-12-31		5.20	-4.49
2024-09-30	101.30	5.43	-4.33
2024-06-30	75.37	4.92	-4.13
2024-03-31		5.52	-4.60
2023-12-31	54.65	5.64	-6.79
2023-09-30	48.44	5.23	-6.01
2023-06-30	53.88	5.59	-5.90
2023-03-31	51.84	5.50
2022-12-31		5.01	-5.56
2022-09-30		4.98	-5.31
2022-06-30		5.15	-5.32
2022-03-31	47.36	6.28	-6.10
2021-12-31	68.40	8.80	-9.28
2021-09-30	69.79	8.56	-8.53
2021-06-30
2021-03-31	76.11	8.99	-38.87
2020-12-31	90.09	9.21	-8.43
2020-09-30	111.51	9.62	-34.00

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for FirstService Corporation as of June 30, 2025 is 0.03.
The ebit (3y)/ev for FirstService Corporation as of June 30, 2025 is 0.02.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.03	0.02
2025-03-31	0.03	0.02
2024-12-31	0.02	0.02
2024-09-30	0.02	0.02
2024-06-30	0.02	0.02
2024-03-31	0.02	0.02
2023-12-31	0.03	0.03
2023-09-30	0.03	0.03
2023-06-30	0.03	0.03
2023-03-31	0.03	0.03
2022-12-31	0.03	0.03
2022-09-30	0.03	0.03
2022-06-30	0.03	0.03
2022-03-31	0.03	0.01
2021-12-31	0.02	0.01
2021-09-30	0.02	0.00
2021-06-30
2021-03-31	0.02	0.00
2020-12-31	0.02	0.00
2020-09-30	0.01	0.00

Management Effectiveness

The roa for FirstService Corporation as of June 30, 2025 is 0.03.
The roe for FirstService Corporation as of June 30, 2025 is 0.09.
The roic for FirstService Corporation as of June 30, 2025 is 0.04.
The croic for FirstService Corporation as of June 30, 2025 is 0.02.
The ocroic for FirstService Corporation as of June 30, 2025 is 0.10.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.03	0.09	0.04	0.02	0.10
2025-03-31	0.04	0.10	0.04	0.01	0.09
2024-12-31	0.03	0.08	0.03	0.02	0.10
2024-09-30	0.03	0.06	0.03	0.02	0.10
2024-06-30	0.03	0.08	0.03	0.01	0.10
2024-03-31	0.04	0.09	0.04	0.02	0.10
2023-12-31	0.05	0.12	0.06	-0.00	0.10
2023-09-30	0.05	0.13	0.06	0.00	0.06
2023-06-30	0.05	0.12	0.06	0.00	0.06
2023-03-31	0.05	0.12	0.06	-0.02	0.05
2022-12-31	0.05	0.12	0.06	0.01	0.04
2022-09-30	0.05	0.13	0.06	0.01	0.04
2022-06-30	0.06	0.14	0.07	-0.01	0.06
2022-03-31	0.06	0.15	0.07	0.01	0.08
2021-12-31	0.06	0.15	0.08	-0.01	0.14
2021-09-30	0.06	0.14	0.07	-0.01	0.15
2021-06-30	0.06	0.15	0.07	-0.04	0.15
2021-03-31	0.05	0.17	0.06	0.03	0.17
2020-12-31	0.04	0.15	0.05	0.05	0.18
2020-09-30	0.04	0.18	0.04	0.04	0.15

Gross Margins

The gross margin for FirstService Corporation as of June 30, 2025 is 0.33.
The net margin for FirstService Corporation as of June 30, 2025 is 0.02.
The operating margin for FirstService Corporation as of June 30, 2025 is 0.06.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.33	0.02	0.06
2025-03-31	0.33	0.03	0.06
2024-12-31	0.33	0.02	0.06
2024-09-30	0.32	0.02	0.06
2024-06-30	0.32	0.02	0.06
2024-03-31	0.32	0.02	0.06
2023-12-31	0.32	0.03	0.06
2023-09-30	0.32	0.03	0.06
2023-06-30	0.32	0.03	0.06
2023-03-31	0.32	0.03	0.06
2022-12-31	0.32	0.03	0.06
2022-09-30	0.32	0.03	0.06
2022-06-30	0.32	0.04	0.06
2022-03-31	0.32	0.04	0.06
2021-12-31	0.32	0.04	0.07
2021-09-30	0.32	0.04	0.07
2021-06-30	0.32	0.04	0.07
2021-03-31	0.32	0.04	0.07
2020-12-31	0.32	0.03	0.06
2020-09-30	0.33	0.03	0.06

DE:1GIA	€173.00
CA:FSV	CA$279.26