FirstService Corp Stock Analysis

FSV Stock  USD 134.25  -3.85  -2.79%   
This view outlines long-term pricing trends for FirstService Corp starting from June 2, 2015. The dataset reflects fully adjusted historical pricing. Macro conditions are represented through recession overlays. Following a range of $133.42 to $137.92, FirstService Corp stock trades at $134.25. The data reflects reported price history.
 200 Day MA
171.8579
 50 Day MA
155.0476
 Beta
0.913
Macro event markers
 
Yuan Drop
 
Covid
 
Interest Hikes
FirstService Corp is currently estimated as undervalued with a Real Value of $174.48 and a Target Price of $207.0. Intrinsic value framing is a foundational step in stock analysis. This view separates FirstService Corp's estimated value from short-term price fluctuations. Stock analysis blends economic fundamentals with observed price and volume behavior.
FirstService Corp holds a debt-to-equity ratio of 0.827. Multi-period data points to Short and Long Term Debt Total compressing, with a projected shift of 4.76%. Year-ago financials show FirstService Corp with Short and Long Term Debt Total of 1.62 Billion. As of the week of March 21, Net Debt is projected to grow to approximately 1.5 B, even as demand moderates, Long Term Debt is positioned to soften to slightly above 636.6 M. Growing debt relative to equity can elevate FirstService Corp's financial risk. Rising interest costs can reduce earnings available to shareholders. Values are based on disclosed financial data across reporting cycles. All metrics are derived from available inputs and shown for reference.

Asset vs Debt

Equity vs Debt

Recent disclosures position Days Of Inventory On Hand within a firming cycle. Days Of Inventory On Hand was last measured at 26.25. As of the week of March 21, POCF Ratio is projected to grow to 16.89, even as demand moderates, Enterprise Value is positioned to soften to slightly above 3.7 B.
 Price Book
4.6137
 Enterprise Value Ebitda
14.4681
 Price Sales
1.1552
 Shares Float
44.4 M
 Dividend Share
1.1
This metric positions FirstService Corp total debt relative to equity for capital structure context. Changes in this ratio over time reveal shifts in how the business funds its operations. Reported accounting figures form the basis of all values shown. All figures are presented for informational review and are not prescriptive.

FirstService Corp Quarterly Net Debt

1.44 Billion

Stock Analysis Notes

About 80.0% of the company shares are owned by institutional investors. The book value of FirstService Corp was currently reported as 30.1. The company has Price/Earnings To Growth (PEG) ratio of 2.17. FirstService Corp had its last dividend issued on the 31st of March 2026. FirstService Corp posted $0.39 in Intangibles To Total Assets, $4.3 billion in Total Assets, and a Return On Assets of 3.6% for the reported period.

Book Value Per Share

42.59
Book Value Per Share is tracking at 42.59 after a 4.76% move from the prior year. Prior-period financials list Book Value Per Share at 40.56.

Investor Insights and Alerts

FirstService Corp generated a negative expected return over the last 90 days
FirstService Corp has a strong financial position based on the latest SEC filings
Over 80.0% of the company shares are owned by institutional investors
Latest headline from seekingalpha.com: RLJ Lodging Trust declares 0.15 dividend

Largest EPS Surprises

For FirstService Corp, each quarterly earnings release acts as a market reset. The gap between what analysts expect and what the company delivers is one of the most direct drivers of short-term repricing. For this stock, read EPS surprises with profitability quality and forward revisions.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2020-04-23
2020-03-310.310.370.0619 
2017-02-12
2016-12-310.350.410.0617 
2017-04-26
2017-03-310.090.170.0888 
View All Earnings Estimates

Environmental, Social, and Governance (ESG) Scores

ESG analysis for FirstService Corp goes beyond values-based screening. It highlights practices with real financial consequences. For long-term investors, ESG trends add context on durability and the odds of avoidable setbacks.

Top Institutional Investors Holding FirstService Stock

About 80.08% of FirstService Corp is held by institutions, with insiders at 9.00%. Current market capitalization is about 6.35 Billion. This helps separate index flows from active bets. Shares outstanding are near 46 M. Whether the institutional base is growing or shrinking quarter over quarter matters more than the current snapshot.
Shares
Franklin Resources Inc2025-09-30
600.2 K
William Blair Investment Management, Llc2025-12-31
596.2 K
Royal Bank Of Canada2025-09-30
578.8 K
Fidelity International Ltd2025-12-31
552 K
Norges Bank2025-12-31
550.4 K
Geode Capital Management, Llc2025-12-31
529.9 K
Jpmorgan Chase & Co2025-09-30
509.2 K
Cibc World Markets Inc.2025-12-31
507.2 K
Acadian Asset Management Llc2025-09-30
496.5 K
Manufacturers Life Insurance Co2025-12-31
2.8 M
Orbis Allan Gray Ltd2025-12-31
M
At 6.35 Billion market cap, FirstService Corp smaller-cap scale means institutional moves shape liquidity but do not guarantee above-market returns. The business currently sits in the Real Estate sector and the Real Estate Services industry. Reading FirstService Corp holder concentration alongside float turnover and volatility adds the best context for understanding how smaller-cap ownership shapes price.

Market Capitalization

Market capitalization for FirstService Corp is about 6.35 B, leaving the company classified as mid-cap across real estate management & development companies. Other size-related inputs worth noting are about 45.98 M shares outstanding, enterprise value near 7.6 B, and a workforce of about 31,000 people.

Profitability

Profitability analysis for FirstService Corp focuses on how well revenue converts into operating income, net income, and free cash flow. The best read combines margin history with balance-sheet strength and pricing power under softer demand.
The company has Net Profit Margin of 3.0 %, which may suggest that the company has competitive advantages supporting its margins. This is within the normal band for the industry. In the same way, it shows Net Operating Margin of 6.0 %, which means that the company is generating $6.0 of operating income per $100 of sales.
Last ReportedEnd Of Year Estimate
Return On Tangible Assets 0.07 0.07
Return On Capital Employed 0.10 0.12
Return On Assets 0.03 0.04
Return On Equity 0.11 0.05

Management Efficiency

The company has Return on Asset of 5.16 % which suggests that the asset base is productively generating returns above cost. This is within the normal band for the industry. In the same way, it shows a return on shareholders' equity (ROE) of 10.9 %, which implies that shareholder capital generated $10.9 per $100 invested.
Last ReportedEnd Of Year Estimate
Book Value Per Share 40.56 42.59
Tangible Book Value Per Share-7.17 -7.53
Enterprise Value Over EBITDA 16.22 9.71
Price Book Value Ratio 5.17 5.59
Enterprise Value Multiple 16.22 9.71
Price Fair Value 5.17 5.59
Enterprise ValueB3.7 B
The management picture for FirstService Corp becomes more useful when investors compare executive decisions with financial outcomes rather than with presentation language alone. The practical question is whether leadership is improving the economics of the business in ways that can persist once the operating environment gets harder.
 Operating Margin
0.0595
 Long Term Debt Total
919 M
 Three Month Return
-13.21
 Short Long Term Debt Total
1.7 B
 Ten Year Return
232.96131

Technical Drivers

As of the 21st of March, FirstService Corp indicates a price level of 134.25 per share. Price-based signals reflect Variance of 3.4, mean deviation of 1.36, and Standard Deviation of 1.84. The model quantifies price stability and directional movement. Relative volatility positioning is benchmarked against peers.

FirstService Corp Price Movement Analysis

This analysis covers twenty-six data points across the selected time horizon. The Mid-point over period is an average of FirstService Corp highest and lowest values attained during the given period.

Outstanding Bonds

Reviewing FirstService Corp bond obligations provides context for understanding how much of the business is financed with fixed-income capital rather than purely with equity. Longer-dated obligations can improve financing stability, but they also leave investors more exposed if the underlying business weakens before the debt matures.

Predictive Daily Indicators

For active positions in FirstService Corp, intraday data shows when a move is gaining strength and when it is fading. They help with timing and trade management, but still need to match broader trend and volatility conditions.

Corporate Filings

6K
10th of March 2026
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
20th of February 2026
Other Reports
ViewVerify
6K
4th of February 2026
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
3rd of February 2026
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
4th of December 2025
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
31st of October 2025
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
23rd of October 2025
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
9th of September 2025
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify

Forecast Models

Quantitative tools for FirstService Corp focus on observed patterns, which helps when markets move faster than research can update. Financial data rarely stays stable for long, so the model is best used as a probability tool, not a price promise.

Financial Strength and Earnings Quality Indicators

FirstService Corp financial ratings play a critical role in determining how much FirstService Corp have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for FirstService Corp's borrowing costs.
Piotroski F Score
8
StrongView
Beneish M Score
-1.96
Possible ManipulatorView

Debt to Cash Allocation

Tracking debt and cash allocation over time can show when FirstService Corp is prioritizing expansion, refinancing, or capital return.
FirstService Corp has $1.62 B in debt with debt to equity (D/E) ratio of 0.83, which is consistent with its industry peers. FirstService Corp has a current ratio of 1.73, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for FirstService to invest in growth at high rates of return.

Common Stock Shares Outstanding Over Time

Assets Financed by Debt

The debt-to-assets ratio shows the degree to which FirstService Corp uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.
FirstService Corp Debt Ratio
    
  27.0   
It appears most of the FirstService Corp's assets are financed through equity. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the FirstService Corp's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of FirstService Corp, which in turn will lower the firm's financial flexibility.

Corporate Bonds Issued

FirstService Short Long Term Debt Total

Short Long Term Debt Total

1.71 Billion
Multi-period data points to Short and Long Term Debt Total compressing, with a projected shift of 4.76%. Year-ago financials show FirstService Corp with Short and Long Term Debt Total of 1.62 Billion.

Stock Analysis Methodology

The diagnostic for FirstService Corp shows how profitability, leverage, and market risk compare. FirstService Corp trades at P/E of 53.33, P/B of 4.61, P/S of 1.16. Profitability metrics show ROE of 10.9%, net margin of 2.64%, operating margin of 5.95%. Balance sheet indicators include debt-to-equity of 0.83 and current ratio of 1.77. Financial distress probability is estimated at 5%, indicating low near-term solvency risk. Beta of 1.0803 suggests moderate market correlation. A Sharpe ratio of -0.1046 shows market returns below the risk-free rate over the measurement period, though that reflects recent price performance rather than underlying solvency.

The analytics block for FirstService Corp relies on periodic company reporting and market reference feeds, with quality checks and normalization applied before rendering. Timing can vary by data vendor.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board
Last reviewed on March 5th, 2026

Current FirstService Analyst Rating Consensus

Target PriceConsensus# of Analysts
207.0Buy9Odds
Historical and current analyst recommendations for FirstService Corp are aggregated from multiple sources. An average of analyst recommendations is provided for FirstService Corp as a summary metric. Comparing current recommendations to historical patterns provides additional analytical context. This view summarizes available data without implying outcomes. The timing of analyst rating changes for FirstService Corp matters as much as the direction. Rating upgrades issued after a large decline in FirstService stock may reflect backward-looking analysis, while pre-emptive upgrades ahead of a catalyst tend to have stronger price impact.
FirstService Analyst Advice Details

FirstService Stock Analysis Indicators

Diagnostics snapshot includes 19 indicators such as Begin Period Cash Flow, Long Term Debt, Common Stock Shares Outstanding.
Begin Period Cash Flow243.5 M
Long Term Debt1.1 B
Common Stock Shares Outstanding45.8 M
Total Stockholder Equity1.4 B
Total Cashflows From Investing Activities-283.9 M
Tax Provision75.8 M
Quarterly Earnings Growth Y O Y0.195
Property Plant And Equipment Net558.3 M
Cash And Short Term Investments179.8 M
Cash179.8 M
Accounts Payable547.1 M
Net Debt1.4 B
50 Day M A155.0476
Total Current Liabilities880.5 M
Other Operating Expenses5.2 B
Non Current Assets Total3.2 B
Forward Price Earnings22.4215
Non Currrent Assets Other435.2 M
Stock Based Compensation27.4 M

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