FirstService Corporation provides property services in North America. It manages residential communities; and provides swimming pool and recreational facility management services to commercial swimming facilities and residential pools. The company was founded in 1988 and is based in Toronto, Canada.
FSV Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for FSV, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that FirstService Corp ranked in the 8th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for FirstService Corp ended up being:
Its compound free cash flow growth rate, as measured over the past 3.99 years, is -0.02% -- higher than only 21.28% of stocks in our DCF forecasting set.
FirstService Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -6. This coverage rate is greater than that of merely 11.09% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Real Estate), FirstService Corp has a reliance on debt greater than just 6.62% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of FirstService Corp? See AXR, ESBA, ESRT, UDR, and CDR.
Acquires Midboro Management, LLCTORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that FirstService Residential, the North American property management leader, has recently acquired Midboro Management, LLC (“Midboro”). Michael Wolfe, President of Midboro, has retained a minority equity interest and will continue to run day-to-day operations. Terms of the transaction were not disclosed. Founded in 1963, Midboro is one of the leading residential property management firms in New York City, with 15,000 units under management across more than 150 condominium and cooperative properties. With the addition of Midboro, FirstService Residential’s New York operations will oversee more than 600 properties encompassing almost ...
In this article you are going to find out whether hedge funds think FirstService Corporation (TSE:FSV) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]