Q: Hi 5i team,
Would you consider First services has expensive valuation at current price level? What is the growth outlook for longer term?
thanks,
Would you consider First services has expensive valuation at current price level? What is the growth outlook for longer term?
thanks,
5i Research Answer:
It is not cheap certainly at 31X earnings, but FSV has proven itself time and time again. The stock is up nicely this year, good growth is expected, and cash flow is secure and steady. 40% growth is expected this year (in earnings), with about 11% growth expected in 2024. We like this one.