Professional
Added to YB: 2026-05-27
Pitch date: 2026-05-18
FSV [bullish]
FirstService Corporation
+3.49%
current return
Author Info
No bio for this author
Company Info
FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada.
Market Cap
CAD 6.1B
Pitch Price
CAD 178.72
Price Target
N/A
Dividend
0.92%
EV/EBITDA
12.72
P/E
37.58
EV/Sales
1.40
Sector
Real Estate Management and Development
Category
growth
Argosy Investors Added On Position: FirstService Corporation
FSV (added to position): Largest US HOA manager (~6% mkt share) w/ multi-decade consolidation runway. Founder Jay Hennick (largest shareholder) runs partnership-based comp model for acquired biz, driving outsized long-term performance. De-rated from high-flyer to ~20x FCF despite mid-teens growth track record. Entry for mid-teens LT returns.
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