FirstService Net Borrowings vs Stock Based Compensation Analysis

FSV Stock

CAD 275.24 6.38 2.37%

FirstService Corp financial indicator trend analysis is much more than just examining FirstService Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FirstService Corp is a good investment. Please check the relationship between FirstService Corp Net Borrowings and its Stock Based Compensation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.

Net Borrowings vs Stock Based Compensation

Net Borrowings vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FirstService Corp Net Borrowings account and Stock Based Compensation. At this time, the significance of the direction appears to have very strong relationship.

The correlation between FirstService Corp's Net Borrowings and Stock Based Compensation is 0.87. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of FirstService Corp, assuming nothing else is changed. The correlation between historical values of FirstService Corp's Net Borrowings and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of FirstService Corp are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Net Borrowings i.e., FirstService Corp's Net Borrowings and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Most indicators from FirstService Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FirstService Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.As of the 26th of November 2024, Selling General Administrative is likely to drop to about 616.9 M. In addition to that, Tax Provision is likely to drop to about 39.2 M

	2021	2022	2023	2024 (projected)
Interest Expense	16.0M	25.2M	47.4M	49.7M
Depreciation And Amortization	99.0M	110.1M	127.9M	69.7M

Interest Expense Depreciation And Amortization

FirstService Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		0.71	0.69	0.21	0.45	0.81	0.79	0.79	0.69	0.2	0.3	0.6	0.7	0.62	0.6	0.65	0.72	0.87	0.72	0.83	0.71	0.47	0.67	0.63	0.72	0.12
Total Assets	0.71		0.98	0.6	0.75	0.98	0.98	0.97	0.97	0.23	0.18	0.77	1.0	0.76	0.77	0.99	1.0	0.94	0.96	0.95	0.5	0.2	1.0	0.95	1.0	0.4
Short Long Term Debt Total	0.69	0.98		0.5	0.65	0.95	0.98	0.97	1.0	0.22	0.16	0.7	0.99	0.68	0.7	0.96	0.99	0.93	0.98	0.94	0.45	0.23	0.99	0.96	0.97	0.34
Other Current Liab	0.21	0.6	0.5		0.91	0.5	0.5	0.42	0.45	-0.26	-0.24	0.84	0.58	0.69	0.84	0.63	0.56	0.49	0.38	0.4	0.25	-0.08	0.58	0.41	0.61	0.61
Total Current Liabilities	0.45	0.75	0.65	0.91		0.69	0.68	0.62	0.62	-0.07	0.05	0.89	0.74	0.83	0.89	0.76	0.72	0.66	0.56	0.62	0.42	-0.04	0.73	0.57	0.76	0.74
Total Stockholder Equity	0.81	0.98	0.95	0.5	0.69		0.98	0.98	0.94	0.3	0.21	0.73	0.97	0.78	0.73	0.95	0.98	0.96	0.93	0.99	0.61	0.29	0.96	0.92	0.98	0.38
Property Plant And Equipment Net	0.79	0.98	0.98	0.5	0.68	0.98		0.98	0.97	0.2	0.19	0.73	0.98	0.76	0.73	0.95	0.98	0.97	0.96	0.98	0.62	0.26	0.97	0.92	0.97	0.35
Current Deferred Revenue	0.79	0.97	0.97	0.42	0.62	0.98	0.98		0.97	0.35	0.27	0.66	0.97	0.71	0.66	0.95	0.98	0.94	0.97	0.98	0.52	0.29	0.96	0.96	0.97	0.29
Net Debt	0.69	0.97	1.0	0.45	0.62	0.94	0.97	0.97		0.25	0.18	0.65	0.98	0.66	0.65	0.95	0.98	0.92	0.99	0.94	0.44	0.25	0.98	0.97	0.95	0.31
Retained Earnings	0.2	0.23	0.22	-0.26	-0.07	0.3	0.2	0.35	0.25		0.52	-0.26	0.21	0.17	-0.26	0.29	0.24	0.08	0.27	0.35	-0.09	0.33	0.22	0.41	0.26	-0.12
Accounts Payable	0.3	0.18	0.16	-0.24	0.05	0.21	0.19	0.27	0.18	0.52		-0.07	0.17	0.23	-0.07	0.19	0.18	0.13	0.28	0.28	0.16	-0.28	0.22	0.23	0.19	-0.17
Cash	0.6	0.77	0.7	0.84	0.89	0.73	0.73	0.66	0.65	-0.26	-0.07		0.76	0.73	1.0	0.74	0.75	0.78	0.63	0.65	0.48	0.11	0.74	0.59	0.77	0.53
Non Current Assets Total	0.7	1.0	0.99	0.58	0.74	0.97	0.98	0.97	0.98	0.21	0.17	0.76		0.74	0.76	0.99	1.0	0.94	0.96	0.95	0.49	0.19	1.0	0.95	0.99	0.41
Non Currrent Assets Other	0.62	0.76	0.68	0.69	0.83	0.78	0.76	0.71	0.66	0.17	0.23	0.73	0.74		0.73	0.77	0.75	0.71	0.65	0.78	0.68	0.07	0.73	0.6	0.79	0.42
Cash And Short Term Investments	0.6	0.77	0.7	0.84	0.89	0.73	0.73	0.66	0.65	-0.26	-0.07	1.0	0.76	0.73		0.74	0.75	0.78	0.63	0.65	0.48	0.11	0.74	0.59	0.77	0.53
Net Receivables	0.65	0.99	0.96	0.63	0.76	0.95	0.95	0.95	0.95	0.29	0.19	0.74	0.99	0.77	0.74		0.99	0.89	0.94	0.92	0.44	0.18	0.99	0.95	0.99	0.4
Good Will	0.72	1.0	0.99	0.56	0.72	0.98	0.98	0.98	0.98	0.24	0.18	0.75	1.0	0.75	0.75	0.99		0.95	0.96	0.96	0.51	0.21	0.99	0.95	0.99	0.39
Common Stock Total Equity	0.87	0.94	0.93	0.49	0.66	0.96	0.97	0.94	0.92	0.08	0.13	0.78	0.94	0.71	0.78	0.89	0.95		0.92	0.95	0.66	0.3	0.92	0.86	0.93	0.33
Non Current Liabilities Total	0.72	0.96	0.98	0.38	0.56	0.93	0.96	0.97	0.99	0.27	0.28	0.63	0.96	0.65	0.63	0.94	0.96	0.92		0.94	0.45	0.22	0.97	0.96	0.94	0.19
Inventory	0.83	0.95	0.94	0.4	0.62	0.99	0.98	0.98	0.94	0.35	0.28	0.65	0.95	0.78	0.65	0.92	0.96	0.95	0.94		0.65	0.31	0.93	0.9	0.95	0.29
Other Current Assets	0.71	0.5	0.45	0.25	0.42	0.61	0.62	0.52	0.44	-0.09	0.16	0.48	0.49	0.68	0.48	0.44	0.51	0.66	0.45	0.65		0.12	0.46	0.28	0.52	0.27
Other Stockholder Equity	0.47	0.2	0.23	-0.08	-0.04	0.29	0.26	0.29	0.25	0.33	-0.28	0.11	0.19	0.07	0.11	0.18	0.21	0.3	0.22	0.31	0.12		0.14	0.26	0.2	-0.07
Total Liab	0.67	1.0	0.99	0.58	0.73	0.96	0.97	0.96	0.98	0.22	0.22	0.74	1.0	0.73	0.74	0.99	0.99	0.92	0.97	0.93	0.46	0.14		0.95	0.99	0.38
Property Plant And Equipment Gross	0.63	0.95	0.96	0.41	0.57	0.92	0.92	0.96	0.97	0.41	0.23	0.59	0.95	0.6	0.59	0.95	0.95	0.86	0.96	0.9	0.28	0.26	0.95		0.94	0.26
Total Current Assets	0.72	1.0	0.97	0.61	0.76	0.98	0.97	0.97	0.95	0.26	0.19	0.77	0.99	0.79	0.77	0.99	0.99	0.93	0.94	0.95	0.52	0.2	0.99	0.94		0.39
Short Term Debt	0.12	0.4	0.34	0.61	0.74	0.38	0.35	0.29	0.31	-0.12	-0.17	0.53	0.41	0.42	0.53	0.4	0.39	0.33	0.19	0.29	0.27	-0.07	0.38	0.26	0.39

Click cells to compare fundamentals

FirstService Corp Account Relationship Matchups

FirstService Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	38.7M	43.2M	44.4M	44.5M	44.8M	40.3M
Total Assets	2.0B	2.2B	2.5B	2.8B	3.6B	3.8B
Short Long Term Debt Total	908.5M	753.7M	823.2M	952.2M	1.4B	1.5B
Other Current Liab	170.3M	260.6M	291.0M	304.3M	353.7M	218.3M
Total Current Liabilities	358.2M	543.8M	618.5M	637.0M	770.8M	452.0M
Total Stockholder Equity	425.9M	660.4M	799.7M	907.5M	1.0B	1.1B
Property Plant And Equipment Net	264.4M	279.8M	297.8M	372.6M	422.5M	443.6M
Current Deferred Revenue	75.6M	92.9M	121.9M	131.9M	185.7M	195.0M
Net Debt	787.3M	569.4M	657.5M	815.9M	1.2B	1.3B
Retained Earnings	(229.9M)	(171.1M)	(67.9M)	17.3M	77.5M	81.4M
Accounts Payable	76.2M	98.5M	100.1M	116.0M	143.3M	112.2M
Cash	121.2M	184.3M	165.7M	136.2M	187.6M	119.1M
Non Current Assets Total	1.3B	1.4B	1.5B	1.7B	2.3B	2.4B
Non Currrent Assets Other	10.4M	15.0M	21.1M	36.9M	28.4M	15.3M
Cash And Short Term Investments	121.2M	184.3M	165.7M	136.2M	187.6M	119.1M
Net Receivables	393.7M	418.9M	551.6M	635.9M	851.0M	893.6M
Good Will	644.8M	703.7M	843.4M	886.1M	1.2B	1.2B
Liabilities And Stockholders Equity	2.0B	2.2B	2.5B	2.8B	3.6B	3.8B
Non Current Liabilities Total	995.3M	799.4M	871.7M	996.6M	1.5B	1.6B
Inventory	94.5M	142.0M	161.4M	242.3M	246.2M	258.5M
Other Current Assets	140.1M	191.5M	218.8M	313.6M	56.9M	103.9M
Other Stockholder Equity	50.8M	59.3M	68.2M	83.0M	95.2M	62.4M
Total Liab	1.4B	1.3B	1.5B	1.6B	2.3B	2.4B
Property Plant And Equipment Gross	264.4M	279.8M	297.8M	372.6M	831.8M	873.3M
Total Current Assets	668.1M	819.3M	964.7M	1.1B	1.4B	1.4B
Accumulated Other Comprehensive Income	(456K)	2.1M	2.0M	(5.9M)	(4.4M)	(4.2M)
Short Term Debt	36.2M	91.8M	105.5M	84.8M	88.0M	58.5M
Intangible Assets	366.2M	378.8M	382.1M	368.5M	628.0M	320.5M
Common Stock	605.4M	770.0M	797.4M	813.0M	855.8M	898.6M
Other Liab	124.4M	137.4M	154.0M	129.3M	148.7M	89.5M
Net Tangible Assets	(585.2M)	(422.1M)	(425.7M)	(347.1M)	(312.4M)	(328.0M)
Other Assets	11.8M	15.0M	21.1M	33.7M	38.7M	40.7M
Long Term Debt	754.8M	533.1M	595.4M	688.7M	1.1B	1.2B
Short Long Term Debt	5.5M	56.5M	57.4M	35.7M	37.1M	32.5M
Property Plant Equipment	264.4M	279.8M	297.8M	372.6M	428.4M	449.9M
Long Term Debt Total	761.1M	533.1M	595.4M	698.8M	803.6M	499.5M
Capital Surpluse	50.8M	59.3M	68.2M	83.0M	95.5M	60.2M

Pair Trading with FirstService Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FirstService Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FirstService Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with FirstService Stock

0.85	FFH	Fairfax Financial	Pair Corr
0.76	FFH-PC	Fairfax Fin Hld	Pair Corr

The ability to find closely correlated positions to FirstService Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstService Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FirstService Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FirstService Corp to buy it.

The correlation of FirstService Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FirstService Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FirstService Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for FirstService Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether FirstService Corp is a strong investment it is important to analyze FirstService Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FirstService Corp's future performance. For an informed investment choice regarding FirstService Stock, refer to the following important reports:

How To Invest In FirstService

Details

Is FirstService Stock a good investment?

Details

What is FirstService Corp's Net Worth?

Details

Largest Real Estate Management & Development Companies

View

Largest Real Estate Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Please note, there is a significant difference between FirstService Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if FirstService Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FirstService Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

FirstService Net Borrowings vs Stock Based Compensation Analysis

Net Borrowings vs Stock Based Compensation

Net Borrowings vs Stock Based Compensation Correlation Analysis

Correlation Coefficient

Net Borrowings

Stock Based Compensation

FirstService Corp fundamental ratios Correlations

FirstService Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

FirstService Corp fundamental ratios Accounts

Pair Trading with FirstService Corp

Moving together with FirstService Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.28	Accounts Payable
Cash And Short Term Investments	- 0.26	Retained Earnings
Cash	- 0.26	Retained Earnings
Retained Earnings	- 0.26	Other Current Liab
Accounts Payable	- 0.24	Other Current Liab
Short Term Debt	- 0.17	Accounts Payable