FSVFirstService Corporation

$143.57

Is it safe?

Can FSV take a bad year?

FirstService Corporation carries $928M of net debt at 1.77× EBITDA: a load its earnings can carry.

$928M

Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.77×

Net debt / EBITDA · 2.13× a year ago · the load is coming down

Debt / equity
0.79×

Debt / equity

Annualised volatility
26%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$1.08B
Cash and short-term investments
$154M
Net debt
$928M
EBITDA, trailing twelve months
$523M
Operating profit, trailing twelve months
$338M
Debt / equity
0.79×
Total debt / EBITDA
2.07×
Annualised volatilitytwo years of daily moves
26%
Worst drawdown on file
−47%
Below its 52-week high
−31%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.