This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates Quarterly statements
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FirstService Corp TSX: FSV NASDAQ: FSV https://www.firstservice.com/ Fiscal Yr: Dec 31 Q2 2023
Year 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Value Description #Y Item Total G Currency
Accounting Rules US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP Accounting Rules 3rd Q Rep
USD - CDN$ 0.9970 1.0213 0.9968 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3722 1.3722 1.3722 USD - CDN$ Globenews
Change -5.06% 2.44% -2.40% 6.70% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% 1.31% 0.00% 0.00% wire
Statement Currency Statement Currency
$4,275.4 <-12 mths 14.14%
Revenue US$ $1,006 $1,127 $1,168 $1,188 $1,375 $1,264 $1,483 $1,705 $1,931 $2,407 $2,772 $3,249 $3,746 $4,327 $4,534 $4,780 220.65% <-Total Growth 10 Revenue US$
Increase 16.62% 11.98% 3.66% 1.65% 15.81% -8.09% 17.31% 15.01% 13.25% 24.64% 15.16% 17.19% 15.29% 15.51% 4.78% 5.43% 12.36% <-IRR #YR-> 10 Revenue 220.65% US$
5 year Running Average $844 $931 $1,006 $1,070 $1,173 $1,224 $1,296 $1,403 $1,552 $1,758 $2,060 $2,413 $2,821 $3,300 $3,726 $4,127 17.04% <-IRR #YR-> 5 Revenue 119.64% US$
Revenue per Share $33.20 $37.64 $38.85 $33.17 $38.41 $35.17 $41.37 $47.48 $53.68 $58.02 $63.61 $73.82 $84.70 $97.84 $102.52 $108.08 10.87% <-IRR #YR-> 10 5 yr Running Average 180.54% US$
Increase 13.95% 13.39% 3.22% -14.62% 15.80% -8.43% 17.63% 14.77% 13.05% 8.07% 9.64% 16.06% 14.73% 15.51% 4.78% 5.43% 14.99% <-IRR #YR-> 5 5 yr Running Average 101.08% US$
5 year Running Average $28.25 $31.18 $33.65 $34.40 $36.25 $36.65 $37.39 $39.12 $43.22 $47.15 $52.83 $59.32 $66.76 $75.60 $84.50 $93.39 8.11% <-IRR #YR-> 10 Revenue per Share 118.01% US$
P/S (Price/Sales) Med 0.37 0.43 0.37 0.54 0.63 0.93 1.04 1.26 1.42 1.50 1.60 2.29 1.81 1.45 0.00 0.00 12.27% <-IRR #YR-> 5 Revenue per Share 78.37% US$
P/S (Price/Sales) Close 0.46 0.36 0.37 0.66 0.67 1.15 1.15 1.47 1.28 1.60 2.15 2.66 1.45 1.58 1.51 1.43 7.09% <-IRR #YR-> 10 5 yr Running Average 98.40% US$
*Revenue in M US$  P/S Med 20 yr  0.61 15 yr  0.93 10 yr  1.34 5 yr  1.60 18.00% Diff M/C 11.28% <-IRR #YR-> 5 5 yr Running Average 70.66% US$
$5,866.8 <-12 mths 15.64%
Revenue CDN* $1,003 $1,151 $1,165 $1,263 $1,596 $1,750 $1,991 $2,139 $2,635 $3,127 $3,530 $4,119 $5,073 $5,938 $6,222 $6,559 335.66% <-Total Growth 10 Revenue CDN$
Increase 10.72% 14.71% 1.17% 8.46% 26.32% 9.71% 13.75% 7.45% 23.16% 18.67% 12.89% 16.70% 23.16% 17.03% 4.78% 5.43% 15.86% <-IRR #YR-> 10 Revenue 335.66% CDN$
5 year Running Average $916 $987 $1,056 $1,098 $1,236 $1,385 $1,553 $1,748 $2,022 $2,329 $2,684 $3,110 $3,697 $4,357 $4,976 $5,582 18.85% <-IRR #YR-> 5 Revenue 137.13% CDN$
Revenue per Share $33.10 $38.44 $38.73 $35.28 $44.56 $48.71 $55.55 $59.57 $73.23 $75.35 $80.98 $93.59 $114.71 $134.25 $140.67 $148.31 13.34% <-IRR #YR-> 10 5 yr Running Average 249.93% CDN$
Increase 8.19% 16.15% 0.74% -8.90% 26.30% 9.31% 14.05% 7.23% 22.94% 2.89% 7.47% 15.57% 22.57% 17.03% 4.78% 5.43% 16.16% <-IRR #YR-> 5 5 yr Running Average 111.50% CDN$
5 year Running Average $30.69 $33.07 $35.38 $35.23 $38.02 $41.14 $44.56 $48.73 $56.32 $62.48 $68.94 $76.54 $87.57 $99.78 $112.84 $126.31 11.47% <-IRR #YR-> 10 Revenue per Share 196.21% CDN$
P/S (Price/Sales) Med 0.38 0.42 0.38 0.53 0.62 0.85 1.06 1.30 1.33 1.55 1.68 2.28 1.68 1.42 0.00 0.00 14.00% <-IRR #YR-> 5 Revenue per Share 92.57% CDN$
P/S (Price/Sales) Close 0.46 0.36 0.37 0.66 0.67 1.15 1.15 1.48 1.28 1.60 2.15 2.66 1.45 1.58 1.51 1.43 9.49% <-IRR #YR-> 10 5 yr Running Average 147.53% CDN$
*Revenue in M CDN$ (If a company cannot grow revenue, it cannot grow) P/S Med 20 yr  0.61 15 yr  0.85 10 yr  1.31 5 yr  1.68 20.27% Diff M/C 12.44% <-IRR #YR-> 5 5 yr Running Average 79.70% CDN$
-$1,165 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,073
-$2,139.5 $0.0 $0.0 $0.0 $0.0 $5,073
-$1,056 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,697
-$1,747.9 $0.0 $0.0 $0.0 $0.0 $3,697
-$38.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $114.71
-$59.57 $0.00 $0.00 $0.00 $0.00 $114.71
-$35.38 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $87.57
-$48.73 $0.00 $0.00 $0.00 $0.00 $87.57
Stopped using Adjusted EPS $1.55 <-12 mths 42.22%
Pre-split 15 $1.61 $1.81 $1.62 $2.15
Adjusted EPS US$ $0.82 $0.92 $0.82 $1.09 $2.55 $3.00 $3.32 -100.00% <-Total Growth 4 Earnings US$
Increase 13.38% 12.42% -10.50% 32.72% 134.07% 17.65% 10.67% #NUM! <-IRR #YR-> 1 Earnings US$
Earnings Yield 5.3% 6.8% 5.7% 5.0% 9.9% 7.4% 7.0% #NUM! <-IRR #YR-> 0 Earnings US$
5 year Running Average $0.70 $0.76 $0.79 $0.87 $1.24 $1.68 $2.16 #NUM! <-IRR #YR-> 1 5 yr Running US$
P/E Med H/L 15.25 17.65 17.72 16.42 #NUM! <-IRR #YR-> -1 5 yr Running US$
P/E High 18.75 22.08 19.99 20.02 20.02 <-Median-> 1 P/E High US$
P/E Low 11.76 13.22 15.44 12.81 12.81 <-Median-> 1 P/E Low US$
P/E Close 18.75 14.64 17.44 20.02 20.02 <-Median-> 1 P/E Close US$
Trailing P/E Close 11.88 16.67 16.35 13.14 13.14 <-Median-> 1 P/E Close Tr US$
Payout Ratio 0.00% 0.00% 0.00% 18.36% 18.36% <-Median-> 1 Payout Ratio US$
Median  5 Yrs P/E: M-H-L 16.42 19.99 12.81 Net of Unusual Items
$0.00 $0.00 $0.00 $1.09
$0.00 $0.00 $0.00 $1.09
$0.00 $0.00 $0.00 $0.87
$0.00 $0.00 $0.00 $0.87
$4.78 <-12 mths 12.74%
Pre-split 15 $1.61 $1.81 $1.62 $2.13 $2.73
AEPS* Dilued $0.82 $0.92 $0.82 $1.08 $1.38 $1.20 $1.62 $1.99 $2.61 $3.00 $3.46 $4.57 $4.24 $4.72 $5.16 $5.75 416.54% <-Total Growth 10 AEPS
Increase 13.38% 12.42% -10.50% 31.48% 28.17% -13.25% 35.00% 22.84% 31.16% 14.94% 15.33% 32.08% -7.22% 11.32% 9.32% 11.43% 10 0 10 Years of Data, EPS P or N 100.00% US$
5 year Running Average $0.70 $0.76 $0.79 $0.87 $1.00 $1.08 $1.22 $1.45 $1.76 $2.08 $2.54 $3.13 $3.58 $4.00 $4.43 $4.89 17.84% <-IRR #YR-> 10 AEPS 416.54% US$
AEPS Yield 5.33% 6.83% 5.73% 4.95% 5.37% 2.97% 3.41% 2.85% 3.81% 3.22% 2.53% 2.33% 3.46% 3.05% 3.34% 3.72% 16.33% <-IRR #YR-> 5 AEPS 113.07% US$
Payout Ratio 0.00% 0.00% 0.00% 0.00% 28.92% 33.33% 26.54% 23.99% 20.21% 19.50% 18.64% 15.59% 18.63% 18.59% 17.44% 15.65% 16.25% <-IRR #YR-> 10 5 yr Running Average 350.67% US$
5 year Running Average 0.00% 0.00% 0.00% 0.00% 5.78% 12.45% 17.76% 22.56% 26.60% 24.72% 21.78% 19.59% 18.52% 18.19% 17.78% 17.18% 19.71% <-IRR #YR-> 5 5 yr Running Average 145.86% US$
Price/AEPS Median 15.25 17.65 17.72 16.57 17.53 27.28 26.45 30.12 29.12 28.91 29.32 36.93 36.09 30.01 0.00 0.00 29.02 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High 18.75 22.08 19.99 20.21 20.84 35.16 32.43 36.31 33.61 35.80 41.68 44.22 45.58 33.89 0.00 0.00 35.48 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low 11.76 13.22 15.44 12.93 14.21 19.40 20.48 23.94 24.63 22.03 16.97 29.63 26.59 26.13 0.00 0.00 21.25 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close 18.75 14.64 17.44 20.21 18.63 33.69 29.31 35.14 26.24 31.01 39.53 42.99 28.90 32.75 29.96 26.89 30.16 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close 21.25 16.45 15.61 26.57 23.88 29.23 39.57 43.16 34.41 35.65 45.59 56.78 26.82 36.46 32.75 29.96 35.03 <-Median-> 10 Trailing P/AEPS Close US$
Median Values DPR 10 Yrs 19.86% 5 Yrs   18.64% P/CF 5 Yrs   in order 29.32 41.68 24.63 31.01 11.70% Diff M/C DPR 75% to 95% best US$
* Adjusted Earnings per Share
-$0.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.24
-$1.99 $0.00 $0.00 $0.00 $0.00 $4.24
-$0.79 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.58
-$1.45 $0.00 $0.00 $0.00 $0.00 $3.58
$6.56 <-12 mths 14.22%
AEPS* Dilued $0.81 $0.94 $0.82 $1.15 $1.60 $1.66 $2.18 $2.50 $3.56 $3.90 $4.41 $5.79 $5.74 $6.48 $7.08 $7.89 601.82% <-Total Growth 10 AEPS CDN$
Increase 7.64% 15.17% -12.64% 40.29% 39.80% 3.55% 30.90% 14.77% 42.62% 9.43% 13.06% 31.52% -0.88% 12.78% 9.32% 11.43% 10 0 10 Years of Data, EPS P or N 100.00% CDN$
5 year Running Average $0.81 $0.83 $0.89 $1.06 $1.23 $1.48 $1.82 $2.30 $2.76 $3.31 $4.03 $4.68 $5.26 $5.90 $6.60 21.51% <-IRR #YR-> 10 AEPS 601.82% CDN$
AEPS Yield 5.34% 6.86% 5.75% 4.95% 5.34% 2.97% 3.41% 2.84% 3.80% 3.22% 2.53% 2.33% 3.46% 3.05% 3.34% 3.72% 18.13% <-IRR #YR-> 5 AEPS 130.03% CDN$
Payout Ratio 0.00% 0.00% 0.00% 0.00% 28.92% 33.33% 26.54% 23.99% 20.21% 19.50% 18.64% 15.59% 18.63% 18.59% 17.44% 15.65% 18.81% <-IRR #YR-> 10 5 yr Running Average 460.65% CDN$
5 year Running Average 0.00% 0.00% 0.00% 5.78% 12.45% 17.76% 22.56% 26.60% 24.72% 21.78% 19.59% 18.52% 18.19% 17.78% 17.18% 20.83% <-IRR #YR-> 5 5 yr Running Average 157.53% CDN$
Price/AEPS Median 15.58 17.25 17.78 16.18 17.24 24.81 27.11 31.06 27.29 29.92 30.97 36.91 33.64 29.48 0.00 0.00 28.60 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 18.72 20.99 19.77 20.21 20.43 34.88 31.75 36.73 32.17 36.46 42.68 43.90 41.89 32.98 0.00 0.00 35.67 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 12.43 13.50 15.79 12.15 14.05 14.74 22.48 25.38 22.40 23.39 19.25 29.91 25.39 25.98 0.00 0.00 22.44 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 18.72 14.58 17.39 20.19 18.72 33.64 29.30 35.22 26.31 31.03 39.55 42.91 28.87 32.76 29.97 26.89 30.16 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 20.15 16.79 15.19 28.33 26.17 34.83 38.36 40.42 37.53 33.95 44.71 56.43 28.62 36.95 32.76 29.97 36.18 <-Median-> 10 Trailing P/AEPS Close CDN$
Median Values DPR 10 Yrs 19.86% 5 Yrs   18.64% P/CF 5 Yrs   in order 30.97 41.89 23.39 31.03 5.80% Diff M/C DPR 75% to 95% best
* Adjusted Earnings per Share
-$0.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.74
-$2.50 $0.00 $0.00 $0.00 $0.00 $5.74
-$0.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.68
-$1.82 $0.00 $0.00 $0.00 $0.00 $4.68
$2.96 <-12 mths 8.82%
Statements $0.09 $0.36
Percentage of Old FSV Stock -14.06% 30.25%
$8.14
Pre-split 15 $0.12 $2.13 -$0.12 -$0.64 $1.20
EPS Basic US$ $0.06 $1.08 -$0.06 -$0.32 $0.61 $0.59 $0.93 $1.48 $1.83 -$6.58 $2.04 $3.08 $2.74 4606.28% <-Total Growth 10 EPS Basic US$
Pre-Split '05
Pre-split 15 $0.11 $2.03 -$0.12 -$0.64 $1.19
EPS Diluted US$ $0.06 $1.03 -$0.06 -$0.32 $0.60 $0.59 $0.92 $1.45 $1.80 -$6.58 $2.02 $3.05 $2.72 $2.79 $2.92 $3.47 4573.39% <-Total Growth 10 EPS Diluted US$
Increase 105.88% 1745.45% -105.91% -433.33% 285.94% -2.15% 55.93% 57.61% 24.14% -465.56% 130.70% 50.99% -10.82% 2.57% 4.66% 18.84% 8 2 10 Years of Data, EPS P or N 80.00%
Earnings Yield 0.4% 7.7% -0.4% -1.5% 2.3% 1.5% 1.9% 2.1% 2.6% -7.1% 1.5% 1.6% 2.2% 1.8% 1.9% 2.2% #NUM! <-IRR #YR-> 10 Earnings per Share 4573.39% US$
5 year Running Average $0.16 $0.26 $0.16 -$0.05 $0.26 $0.37 $0.35 $0.65 $1.07 -$0.36 -$0.08 $0.35 $0.60 $0.80 $2.70 $2.99 13.41% <-IRR #YR-> 5 Earnings per Share 87.59% US$
10 year Running Average $0.32 $0.40 $0.36 $0.29 $0.32 $0.26 $0.30 $0.40 $0.51 -$0.05 $0.14 $0.35 $0.62 $0.94 $1.17 $1.46 14.31% <-IRR #YR-> 10 5 yr Running Average 280.79% US$
* ESP per share (US, Diluted) E/P 10 Yrs 1.75% 5Yrs 1.55% -1.45% <-IRR #YR-> 5 5 yr Running Average -7.06% US$
$0.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.72
-$1.45 $0.00 $0.00 $0.00 $0.00 $2.72
-$0.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.60
-$0.65 $0.00 $0.00 $0.00 $0.00 $0.60
$4.06 <-12 mths 9.45%
Pre-split 15
EPS Basic CDN$ $0.06 $1.10 -$0.06 -$0.34 $0.71 $0.82 $1.25 $1.86 $2.50 -$8.55 $2.60 $3.90 $3.71 6222.71% <-Total Growth 10 EPS Basic CDN$
Pre-Split '05 CDN$
Pre-split 15
EPS Diluted CDN$ $0.06 $1.05 -$0.06 -$0.34 $0.70 $0.82 $1.24 $1.82 $2.46 -$8.55 $2.57 $3.87 $3.68 $3.83 $4.01 $4.76 6178.02% <-Total Growth 10 EPS Diluted CDN$
Increase -105.58% 1790.49% -105.77% 469.06% -302.81% 16.80% 51.20% 47.26% 34.99% -448.03% -130.09% 50.35% -4.73% 3.92% 4.66% 18.84% 8 2 10 Years of Data, EPS P or N 80.00%
Earnings Yield 0.4% 7.7% -0.4% -1.5% 2.3% 1.5% 1.9% 2.1% 2.6% -7.1% 1.5% 1.6% 2.2% 1.8% 1.9% 2.2% #NUM! <-IRR #YR-> 10 Earnings per Share 6178.02% CDN$
5 year Running Average $0.20 $0.29 $0.18 -$0.06 $0.28 $0.43 $0.47 $0.85 $1.41 -$0.44 -$0.09 $0.43 $0.81 $1.08 $3.59 $4.03 15.16% <-IRR #YR-> 5 Earnings per Share 102.52% CDN$
10 year Running Average $0.41 $0.47 $0.42 $0.34 $0.37 $0.32 $0.38 $0.52 $0.67 -$0.08 $0.17 $0.45 $0.83 $1.24 $1.57 $1.97 15.86% <-IRR #YR-> 10 5 yr Running Average 335.92% CDN$
* ESP per share (CDN, Diluted) E/P 10 Yrs 1.75% 5Yrs 1.56% -0.93% <-IRR #YR-> 5 5 yr Running Average -4.59% CDN$
$0.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.68
-$1.82 $0.00 $0.00 $0.00 $0.00 $3.68
-$0.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.81
-$0.85 $0.00 $0.00 $0.00 $0.00 $0.81
Dividend* $0.88 $0.97 $1.03 Dividend*
Increase 11.39% 10.23% 6.19% Increase
Payout Ratio EPS 31.54% 33.22% 29.68% Payout Ratio EPS
Special Dividend US$ Paid in US$ $0.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends US$
Dividend* $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.90 $0.90 97.50% <-Total Growth 8 Dividends US$
Increase 0.00% 7.50% 11.05% 10.47% 10.90% 10.26% 10.47% 10.88% 11.08% 2.56% 0.00% 7 0 8 Years of data, Count P, N 87.50% US$
Average Increases 5 Year Running 8.0% 10.0% 10.6% 10.6% 10.7% 9.0% 7.0% 10.31% <-Median-> 4 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.34 $0.45 $0.48 $0.53 $0.59 $0.65 $0.72 $0.79 $0.84 90.92% <-Total Growth 5 Dividends 5 Yr Running US$
Yield H/L Price 1.12% 1.65% 1.22% 1.00% 0.80% 0.69% 0.67% 0.64% 0.42% 0.52% 0.62% 0.75% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 0.92% 1.39% 0.95% 0.82% 0.66% 0.60% 0.54% 0.45% 0.35% 0.41% 0.55% 0.63% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 1.43% 2.03% 1.72% 1.30% 1.00% 0.82% 0.89% 1.10% 0.53% 0.70% 0.71% 1.05% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 0.92% 1.55% 0.99% 0.91% 0.68% 0.77% 0.63% 0.47% 0.36% 0.64% 0.57% 0.58% 0.58% 0.73% <-Median-> 10 Yield on Close Price US$
Payout Ratio -61.67% 66.34% 67.80% 46.74% 32.93% 29.31% -8.89% 31.93% 23.36% 29.04% 31.45% 26.88% 24.09% 30.62% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 52.72% 41.67% -132.97% -683.33% 169.40% 108.31% 90.25% 29.07% 27.96% 47.20% <-Median-> 6 DPR EPS 5 Yr Running US$
Payout Ratio CF 12.15% 17.77% 16.51% 14.14% 14.83% 19.08% 22.52% 9.64% 18.75% 32.99% 14.06% 13.16% 11.03% 17.14% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 13.57% 16.31% 17.23% 14.55% 15.45% 17.86% 16.62% 15.11% 15.24% 15.88% <-Median-> 6 DPR CF 5 Yr Running US$
Payout Ratio CF WC 14.31% 21.62% 26.17% 16.53% 13.90% 12.58% 25.10% 13.90% 12.12% 12.44% 14.06% 13.16% 11.03% 14.11% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 15.79% 16.42% 17.17% 15.49% 14.39% 13.94% 14.19% 13.11% 12.49% 15.64% <-Median-> 6 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 0.75% 0.73% 5 Yr Med 5 Yr Cl 0.64% 0.63% 5 Yr Med Payout 29.04% 19.08% 12.58% 10.59% <-IRR #YR-> 5 Dividends 65.45% US$
* Dividends per share  10 Yr Med and Cur. -21.89% -19.88% 5 Yr Med and Cur. -8.43% -7.41% Last Div Inc ---> $0.2025 $0.2250 11.11% 7.86% <-IRR #YR-> 9 Dividends #DIV/0! US$
Dividends Growth 5 -$0.48 $0.00 $0.00 $0.00 $0.00 $0.79 Dividends Growth 5
Dividends Growth 10 -$0.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.79 Dividends Growth 10
Historical Dividends Historical High Div 2.00% Low Div 0.36% 10 Yr High 2.00% 10 Yr Low 0.36% Med Div 0.75% Close Div 0.73% Historical Dividends
High/Ave/Median Values Curr diff Cheap 28.21% Cheap 612.25% Cheap 3825.00% 21705.56% Cheap -22.38% Cheap 252.89% High/Ave/Median Values
Future Dividend Yield Div Yield 0.96% earning in 5 Years at IRR of 10.59% Div Inc. 65.45% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 1.59% earning in 10 Years at IRR of 10.59% Div Inc. 173.72% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 2.64% earning in 15 Years at IRR of 10.59% Div Inc. 352.86% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 4.36% earning in 20 Years at IRR of 10.59% Div Inc. 649.23% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 7.22% earning in 25 Years at IRR of 10.59% Div Inc. 1139.56% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 11.94% earning in 30 Years at IRR of 10.59% Div Inc. 1950.80% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $1.49 earning in 5 Years at IRR of 10.59% Div Inc. 65.45% Future Dividend Paid
Future Dividend Paid Div Paid $2.46 earning in 10 Years at IRR of 10.59% Div Inc. 173.72% Future Dividend Paid
Future Dividend Paid Div Paid $4.08 earning in 15 Years at IRR of 10.59% Div Inc. 352.86% Future Dividend Paid
Dividend Covering Cost Total Div $5.56 over 5 Years at IRR of 10.59% Div Cov. 3.60% Dividend Covering Cost
Dividend Covering Cost Total Div $13.27 over 10 Years at IRR of 10.59% Div Cov. 8.58% Dividend Covering Cost
Dividend Covering Cost Total Div $26.02 over 15 Years at IRR of 10.59% Div Cov. 16.83% Dividend Covering Cost
Dividend* $1.21 $1.33 $1.41 Dividend*
Increase 12.86% 10.23% 6.19% Increase
Payout Ratio EPS 31.54% 33.22% 29.68% Payout Ratio EPS
Special Dividend CDN$ - Pd in US$ $0.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends CDN$
Dividend* $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.20 $1.23 $1.23 130.58% <-Total Growth 8 Dividends CDN$
Increase 19.36% 4.24% 3.75% 20.13% 5.58% 8.08% 10.00% 18.45% 12.54% 2.56% 0.00% 8 0 8 Years of data, Count P, N 100.00% CDN$
Average Increases 5 Year Running 5.5% 9.5% 10.6% 8.4% 9.5% 12.4% 10.9% 10.3% 8.7% 9.50% <-Median-> 6 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.44 $0.58 $0.64 $0.70 $0.76 $0.85 $0.95 $1.05 $1.13 94.77% <-Total Growth 5 Dividends 5 Yr Running CDN$
Yield H/L Price 1.68% 1.34% 0.98% 0.77% 0.74% 0.65% 0.60% 0.42% 0.55% 0.63% 0.74% <-Median-> 9 Yield H/L Price CDN$
Yield on High  Price 1.42% 0.96% 0.84% 0.65% 0.63% 0.53% 0.44% 0.36% 0.44% 0.56% 0.63% <-Median-> 9 Yield on High  Price CDN$
Yield on Low Price 2.06% 2.26% 1.18% 0.95% 0.90% 0.83% 0.97% 0.52% 0.73% 0.72% 0.95% <-Median-> 9 Yield on Low Price CDN$
Yield on Close Price 1.54% 0.99% 0.91% 0.68% 0.77% 0.63% 0.47% 0.36% 0.65% 0.57% 0.58% 0.58% 0.68% <-Median-> 9 Yield on Close Price CDN$
Payout Ratio -61.67% 66.34% 67.80% 46.74% 32.93% 29.31% -8.89% 31.93% 23.36% 29.04% 31.45% 30.82% 25.94% 30.62% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 51.93% 41.47% -144.63% -748.76% 175.48% 106.00% 88.04% 29.14% 28.03% 46.70% <-Median-> 6 DPR EPS 5 Yr Running CDN$
Payout Ratio CF 0.75% 0.75% 0.61% 0.53% 0.56% 0.55% 0.44% 0.45% 0.53% 0.48% 0.41% 0.38% 0.55% <-Median-> 9 DPR CF CDN$
DPR CF 5 Yr Running 13.85% 16.32% 17.23% 14.62% 15.51% 18.01% 16.68% 15.16% 15.18% 15.91% <-Median-> 6 DPR CF 5 Yr Running CDN$
Payout Ratio CF WC 14.31% 21.62% 26.17% 16.53% 13.90% 12.58% 25.10% 13.90% 12.12% 12.44% 14.06% 13.16% 11.03% 14.11% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 16.19% 16.38% 17.19% 15.48% 14.40% 13.92% 14.18% 13.11% 12.49% 15.84% <-Median-> 6 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 0.74% 0.68% 5 Yr Med 5 Yr Cl 0.60% 0.63% 5 Yr Med Payout 29.04% 0.53% 12.58% 12.30% <-IRR #YR-> 5 Dividends 78.62% CDN$
* Dividends per share  10 Yr Med and Cur. -21.42% -14.57% 5 Yr Med and Cur. -3.32% -7.40% Last Div Inc ---> $0.2025 $0.2250 11.11% 9.83% <-IRR #YR-> 9 Dividends #DIV/0! CDN$
Dividends Growth 5 -$0.60 $0.00 $0.00 $0.00 $0.00 $1.07 Dividends Growth 5
Dividends Growth 10 -$0.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.07 Dividends Growth 10
Historical Dividends Historical High Div 2.06% Low Div 0.44% 10 Yr High 2.06% 10 Yr Low 0.44% Med Div 0.74% Close Div 0.68% Historical Dividends
High/Ave/Median Values Curr diff Cheap 24.47% Cheap 482.75% Cheap -71.75% 32.28% Exp. -21.35% Cheap 276.38% High/Ave/Median Values
Future Dividend Yield Div Yield 1.04% earning in 5 Years at IRR of 12.30% Div Inc. 78.62% Future Dividend Yield
Future Dividend Yield Div Yield 1.86% earning in 10 Years at IRR of 12.30% Div Inc. 219.05% Future Dividend Yield
Future Dividend Yield Div Yield 3.32% earning in 15 Years at IRR of 12.30% Div Inc. 469.89% Future Dividend Yield
Future Dividend Yield Div Yield 5.92% earning in 20 Years at IRR of 12.30% Div Inc. 917.93% Future Dividend Yield
Future Dividend Yield Div Yield 10.58% earning in 25 Years at IRR of 12.30% Div Inc. 1718.23% Future Dividend Yield
Future Dividend Paid Div Paid $2.21 earning in 5 Years at IRR of 12.30% Div Inc. 78.62% Future Dividend Paid
Future Dividend Paid Div Paid $3.94 earning in 10 Years at IRR of 12.30% Div Inc. 219.05% Future Dividend Paid
Future Dividend Paid Div Paid $7.04 earning in 15 Years at IRR of 12.30% Div Inc. 469.89% Future Dividend Paid
Dividend Covering Cost Total Div $7.89 over 5 Years at IRR of 12.30% Div Cov. 3.72% Dividend Covering Cost
Dividend Covering Cost Total Div $19.78 over 10 Years at IRR of 12.30% Div Cov. 9.32% Dividend Covering Cost
Dividend Covering Cost Total Div $41.03 over 15 Years at IRR of 12.30% Div Cov. 19.33% Dividend Covering Cost CDN$
Yield if held 5 years 0.00% 5.71% 4.37% 3.57% 4.12% 3.87% 2.75% 1.99% 1.53% 1.38% 1.24% 1.06% 0.91% 3.16% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 0.00% 4.69% 4.13% 3.94% 3.92% 7.68% 9.35% 6.48% 5.59% 7.36% 6.48% 4.46% 3.00% 5.14% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 0.00% 9.16% 10.72% 6.61% 8.12% 11.58% 7.67% 6.12% 6.17% 7.00% 12.86% 15.20% 9.75% 7.34% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 0.00% 28.73% 41.21% 36.68% 18.54% 15.78% 15.00% 15.89% 10.33% 14.50% 19.38% 12.47% 9.20% 15.83% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 26.42% 47.04% 61.10% 57.39% 33.12% 26.40% 24.37% 23.90% 47.04% <-Median-> 5 Paid Median Price CDN$
Yield if held 30 years 44.21% 76.46% 91.88% #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 7.23% 15.15% 14.27% 64.10% 69.72% 52.11% 32.98% 20.73% 13.48% 9.32% 6.66% 4.84% 3.48% 17.94% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 3.42% 6.84% 9.17% 12.35% 15.75% 33.38% 47.85% 37.16% 34.74% 45.93% 41.31% 30.52% 22.13% 24.56% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 4.66% 13.36% 23.81% 20.69% 32.62% 50.32% 39.25% 35.06% 38.32% 43.70% 84.18% 112.28% 81.73% 33.84% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 20 years 7.81% 41.90% 91.56% 114.86% 74.51% 68.56% 76.70% 91.09% 64.19% 90.54% 126.90% 92.11% 77.12% 75.61% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 25 years 114.80% 240.63% 350.25% 356.45% 206.81% 172.91% 179.99% 200.35% 240.63% <-Median-> 5 Paid Median Price CDN$
Cost covered if held 30 years 547.89% 1000.35% 1293.94% #NUM! <-Median-> 0 Paid Median Price
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $1,705.5 $1,931.5 $2,407.4 $2,772.4 $3,249.1 $3,745.8 $4,275.4 <-12 mths 14.14% 119.64% <-Total Growth 5 Revenue Growth US$ 119.64% 17.04%
AEPS Growth $1.99 $2.61 $3.00 $3.46 $4.57 $4.24 $4.78 <-12 mths 12.74% 113.07% <-Total Growth 5 AEPS Growth 113.07% 16.33%
Net Income Growth $53.1 $65.9 -$251.6 $87.3 $135.2 $121.1 $132.4 <-12 mths 9.33% 128.10% <-Total Growth 5 Net Income Growth 128.10% 17.93%
Cash Flow Growth $115.6 $99.5 $107.8 $291.8 $167.3 $105.9 $223.9 <-12 mths 111.47% -8.42% <-Total Growth 5 Cash Flow Growth -8.42% -1.74%
Dividend Growth $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 <-12 mths 11.08% 65.45% <-Total Growth 5 Dividend Growth 65.45% 10.59%
Stock Price Growth $69.92 $68.48 $93.04 $136.76 $196.47 $122.55 $154.59 <-12 mths 26.14% 75.27% <-Total Growth 5 Stock Price Growth 75.27% 11.88%
Revenue Growth US$ $1,168.2 $1,187.5 $1,375.3 $1,264.1 $1,482.9 $1,705.5 $1,931.5 $2,407.4 $2,772.4 $3,249.1 $3,745.8 $4,275.4 <-12 mths 14.14% 220.65% <-Total Growth 10 Revenue Growth US$ 220.65% 12.36%
AEPS Growth $0.82 $1.08 $1.38 $1.20 $1.62 $1.99 $2.61 $3.00 $3.46 $4.57 $4.24 $4.78 <-12 mths 12.74% 416.54% <-Total Growth 10 AEPS Growth 416.54% 17.84%
Net Income Growth -$1.9 -$10.7 $21.9 $21.4 $33.6 $53.1 $65.9 -$251.6 $87.3 $135.2 $121.1 $132.4 <-12 mths 9.33% 6466.80% <-Total Growth 10 Net Income Growth 6466.80% 51.96%
Cash Flow Growth $52.2 $58.9 $80.6 $87.1 $109.0 $115.6 $99.5 $107.8 $291.8 $167.3 $105.9 $223.9 <-12 mths 111.47% 102.92% <-Total Growth 10 Cash Flow Growth 102.92% 7.33%
Dividend Growth $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.9 <-12 mths 11.08% 97.50% <-Total Growth 8 Dividend Growth 97.50% 10.21%
Stock Price Growth $14.32 $21.81 $25.77 $40.43 $47.48 $69.92 $68.48 $93.04 $136.76 $196.47 $122.55 $154.59 <-12 mths 26.14% 755.84% <-Total Growth 10 Stock Price Growth 755.84% 23.95%
Dividends on Shares CDN$ $15.10 $32.95 $39.33 $40.99 $42.53 $51.09 $53.95 $58.31 $64.13 $75.97 $85.49 $87.68 $87.68 $474.35 No of Years 10 Total Divs 12/31/12
Paid  $1,010.20 $1,645.89 $2,132.64 $3,968.90 $4,525.54 $6,243.03 $6,651.99 $8,583.19 $12,369.62 $17,650.60 $11,772.51 $15,065.49 $15,065.49 $15,065.49 $11,772.51 No of Years 10 Worth $14.23 70.28
Total $12,246.86
Graham Price CDN$ $1.07 $6.49 $5.37 $7.57 $7.63 $10.88 $13.73 $17.04 $22.25 $27.14 $33.41 $44.77 $48.00 $52.14 $53.34 $58.15 793.37% <-Total Growth 10 Graham Price CDN$
Price/GP Ratio Med 11.84 2.49 2.71 2.45 3.63 3.79 4.30 4.55 4.37 4.30 4.08 4.78 4.02 3.66 4.19 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 14.23 3.03 3.01 3.06 4.30 5.33 5.03 5.38 5.15 5.23 5.63 5.68 5.01 4.10 5.19 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 9.45 1.95 2.41 1.84 2.96 2.25 3.56 3.72 3.59 3.36 2.54 3.87 3.04 3.23 3.16 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 14.23 2.10 2.65 3.06 3.94 5.14 4.64 5.16 4.21 4.45 5.21 5.55 3.45 4.07 3.98 3.65 4.55 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 1323.20% 110.45% 164.84% 206.20% 293.77% 413.94% 364.27% 415.87% 321.17% 345.46% 421.45% 455.30% 245.47% 306.96% 297.80% 264.91% 354.87% <-Median-> 10 Graham Price CDN$
Pre-split 15 $30.05 $26.95 $28.08 $45.75 $59.28
Price Close CDN$ $15.23 $13.66 $14.23 $23.18 $30.04 $55.90 $63.74 $87.93 $93.69 $120.89 $174.22 $248.60 $165.81 $212.19 $212.19 $212.19 1065.37% <-Total Growth 10 Stock Price CDN$
Increase 48.03% -10.32% 4.19% 62.93% 29.57% 86.10% 14.03% 37.95% 6.55% 29.03% 44.11% 42.69% -33.30% 27.97% 0.00% 0.00% 62.51 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 274.00 13.00 -234.74 -67.21 42.94 68.42 51.60 48.34 38.15 -14.15 67.74 64.29 45.01 55.42 52.96 44.56 13.53% <-IRR #YR-> 5 Stock Price 88.57% CDN$
Trailing P/E -15.30 245.74 13.54 -382.46 -87.09 79.91 78.02 71.18 51.51 49.23 -20.39 96.66 42.88 57.60 55.42 52.96 27.83% <-IRR #YR-> 10 Stock Price 1065.37% CDN$
CAPE (10 Yr P/E) 26.35 24.07 29.72 40.68 42.83 62.45 65.07 62.57 60.59 -632.95 399.18 202.16 128.84 100.79 91.19 80.85 14.34% <-IRR #YR-> 5 Price & Dividend 93.43% CDN$
Median 10, 5 Yrs D.  per yr 1.89% 0.81% % Tot Ret 6.37% 5.65% T P/E 50.37 49.23 P/E:  46.67 45.01 29.73% <-IRR #YR-> 10 Price & Dividend 1112.32% CDN$
Price 15 D.  per yr 0.86% % Tot Ret 4.20% CAPE Diff -11.33% 19.66% <-IRR #YR-> 15 Stock Price 1376.03% CDN$
Price  20 D.  per yr 0.65% % Tot Ret 3.15% 20.03% <-IRR #YR-> 20 Stock Price 3749.82% CDN$
Price  25 D.  per yr 0.41% % Tot Ret 2.56% 15.50% <-IRR #YR-> 25 Stock Price 3569.84% CDN$
Price  30 D.  per yr 0.49% % Tot Ret 2.34% 20.30% <-IRR #YR-> 27 Stock Price CDN$
Price & Dividend 15 20.52% <-IRR #YR-> 15 Price & Dividend 1435.50% CDN$
Price & Dividend 20 20.68% <-IRR #YR-> 20 Price & Dividend 3904.94% CDN$
Price & Dividend 25 15.91% <-IRR #YR-> 25 Price & Dividend 37.1770827 CDN$
Price & Dividend 30 20.79% <-IRR #YR-> 27 Price & Dividend
Price  5 -$87.93 $0.00 $0.00 $0.00 $0.00 $165.81 Price  5
Price 10 -$14.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $165.81 Price 10
Price & Dividend 5 -$87.93 $0.76 $0.82 $0.90 $1.07 $166.88 Price & Dividend 5
Price & Dividend 10 -$14.23 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $166.88 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $165.81 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $165.81 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $165.81 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $165.81 Price  30
Price & Dividend 15 $0.00 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $166.88 Price & Dividend 15
Price & Dividend 20 $0.00 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $166.88 Price & Dividend 20
Price & Dividend 25 $0.00 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $166.88 Price & Dividend 25
Price & Dividend 30 $0.00 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $166.88 Price & Dividend 30
Price H/L Median $12.67 $16.15 $14.55 $18.57 $27.67 $41.23 $58.98 $77.53 $97.16 $116.59 $136.41 $213.83 $193.18 $190.94 1227.94% <-Total Growth 10 Stock Price CDN$
Increase 55.99% 27.49% -9.94% 27.67% 48.97% 49.02% 43.04% 31.46% 25.32% 19.99% 17.00% 56.76% -9.66% -1.16% 29.51% <-IRR #YR-> 10 Stock Price 1227.94% CDN$
P/E 228.00 15.38 -240.01 -53.85 39.55 50.47 47.74 42.62 39.57 -13.64 53.04 55.30 52.44 49.87 20.03% <-IRR #YR-> 5 Stock Price 149.17% CDN$
Trailing P/E -12.73 290.69 13.85 -306.43 -80.22 58.94 72.18 62.76 53.41 47.48 -15.96 83.14 49.96 51.83 30.97% <-IRR #YR-> 10 Price & Dividend 1273.86% CDN$
P/E on Run. 5 yr Ave 62.81 56.56 78.64 -315.41 98.81 95.37 125.68 91.73 69.14 -262.67 -1468.76 493.35 239.55 176.63 20.80% <-IRR #YR-> 5 Price & Dividend 155.45% CDN$
P/E on Run. 10 yr Ave 30.69 34.25 35.02 54.41 75.60 130.06 156.25 150.52 144.33 -1423.26 803.76 473.77 233.93 153.59 18.88 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 1.45% 0.76% % Tot Ret 4.69% 3.68% Price Inc 19.99% P/E:  45.18 52.44 Count 29 Years of data
-$14.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $193.18
-$77.53 $0.00 $0.00 $0.00 $0.00 $193.18
-$14.55 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $194.25
-$77.53 $0.72 $0.76 $0.82 $0.90 $194.25
High Month CDN$ Dec Apr Feb Dec Dec Dec Aug Oct Sep Aug Nov Nov Jan Sep
Pre-Split '05
Pre-split 15 $30.05 $38.81 $31.92 $45.78 $64.71
Price High CDN$ $15.23 $19.67 $16.17 $23.20 $32.79 $57.96 $69.06 $91.69 $114.56 $142.05 $188.00 $254.36 $240.58 $213.60 1387.46% <-Total Growth 10 Stock Price CDN$
Increase 34.81% 29.15% -17.75% 43.42% 41.35% 76.77% 19.15% 32.77% 24.94% 24.00% 32.35% 35.30% -5.42% -11.21% 30.99% <-IRR #YR-> 10 Stock Price 1387.46% CDN$
P/E 274.00 18.72 -266.85 -67.25 46.87 70.94 55.91 50.41 46.65 -16.62 73.10 65.78 65.30 55.79 21.28% <-IRR #YR-> 5 Stock Price 162.38% CDN$
Trailing P/E -16.07 352.82 15.72 -381.50 -101.11 96.12 117.05 99.66 79.01 78.92 -28.57 125.92 78.88 78.53 23.72 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 24.94% P/E:  53.16 65.30 61.71 P/E Ratio Historical High CDN$
-$16.17 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $240.58
-$91.69 $0.00 $0.00 $0.00 $0.00 $240.58
Low Month CDN$ Feb Dec Jun Jan Feb Jan Feb Jan Feb Jan Mar Jan Jun Jan
Pre-Split '05
Pre-split 15 $19.96 $24.95 $25.50 $27.53 $44.50
Price Low CDN$ $10.11 $12.64 $12.92 $13.95 $22.55 $24.50 $48.89 $63.37 $79.76 $91.12 $84.82 $173.30 $145.78 $168.27 1028.25% <-Total Growth 10 Stock Price CDN$
Increase 104.30% 25.00% 2.20% 7.96% 61.64% 8.66% 99.55% 29.62% 25.86% 14.24% -6.91% 104.32% -15.88% 15.43% 27.42% <-IRR #YR-> 10 Stock Price 1028.25% CDN$
P/E 182.00 12.03 -213.18 -40.44 32.23 29.99 39.58 34.84 32.48 -10.66 32.98 44.82 39.57 43.95 18.13% <-IRR #YR-> 5 Stock Price 130.05% CDN$
Trailing P/E -10.16 227.50 12.30 -230.15 -65.37 35.02 59.84 51.30 43.85 37.11 -9.92 67.38 37.70 45.68 14.33 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 14.24% P/E:  32.73 32.98 8.53 P/E Ratio Historical Low CDN$
-$12.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $145.78
-$63.37 $0.00 $0.00 $0.00 $0.00 $145.78
Price Close CDN$ using Exchange $15.27 $13.37 $14.27 $21.80 $25.89 $40.37 $47.47 $70.09 $68.68 $93.08 $136.84 $196.09 $122.42 $154.63 $154.63 $154.63
Pre-split '05
Pre-split '15 $30.18 $26.49 $28.26 $43.05 $50.86
Price Close US$ $15.29 $13.42 $14.32 $21.81 $25.77 $40.43 $47.48 $69.92 $68.48 $93.04 $136.76 $196.47 $122.55 $154.59 $154.59 $154.59 755.84% <-Total Growth 10 Stock Price US$
Increase 57.85% -12.23% 6.68% 52.34% 18.14% 56.88% 17.44% 47.26% -2.06% 35.86% 46.99% 43.66% -37.62% 26.14% 0.00% 0.00% 65.64 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 274.36 13.05 -235.50 -67.27 42.74 68.53 51.61 48.22 38.04 -14.14 67.70 64.42 45.06 55.41 52.94 44.55 11.88% <-IRR #YR-> 5 Stock Price 75.27% US$
Trailing P/E -16.14 240.82 13.92 -358.75 -79.47 67.05 80.47 76.00 47.23 51.69 -20.78 97.26 40.18 56.83 55.41 52.94 23.95% <-IRR #YR-> 10 Stock Price 755.84% US$
CAPE (10 Yr P/E) 29.00 25.59 31.48 43.90 45.75 65.55 68.55 65.72 63.86 -791.78 367.40 206.03 131.66 102.05 92.83 82.31 12.62% <-IRR #YR-> 5 Price & Dividend 79.93% US$
Median 10, 5 Yrs D.  per yr 1.37% 0.74% % Tot Ret 5.39% 5.85% T P/E 49.46 47.23 P/E:  46.64 45.06 25.31% <-IRR #YR-> 10 Price & Dividend 791.92% US$
Price 15 D.  per yr 0.63% % Tot Ret 3.57% CAPE Diff -15.58% 17.12% <-IRR #YR-> 15 Stock Price 970.17% US$
Price  20 D.  per yr 0.56% % Tot Ret 2.65% 20.53% <-IRR #YR-> 20 Stock Price 4088.04% US$
Price  25 D.  per yr 0.35% % Tot Ret 2.18% 15.75% <-IRR #YR-> 25 Stock Price 3769.75% US$
Price  30 D.  per yr 0.41% % Tot Ret 1.96% 20.36% <-IRR #YR-> 27 Stock Price
Price & Dividend 15 17.75% <-IRR #YR-> 15 Price & Dividend 1015.30% US$
Price & Dividend 20 21.09% <-IRR #YR-> 20 Price & Dividend 4264.63% US$
Price & Dividend 25 16.10% <-IRR #YR-> 25 Price & Dividend 39.3291889 US$
Price & Dividend 30 20.76% <-IRR #YR-> 27 Price & Dividend
Price  5 -$69.92 $0.00 $0.00 $0.00 $0.00 $122.55 Price  5
Price 10 -$14.32 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $122.55 Price 10
Price & Dividend 5 -$69.92 $0.53 $0.59 $0.65 $0.71 $123.34 Price & Dividend 5
Price & Dividend 10 -$14.32 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $123.34 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $122.55 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $122.55 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $122.55 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $122.55 Price  30
Price & Dividend 15 $0.00 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $123.34 Price & Dividend 15
Price & Dividend 20 $0.00 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $123.34 Price & Dividend 20
Price & Dividend 25 $0.00 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $123.34 Price & Dividend 25
Price & Dividend 30 $0.00 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $123.34 Price & Dividend 30
Price H/L Median US$ $12.44 $16.19 $14.54 $17.89 $24.25 $32.74 $42.86 $59.95 $76.00 $86.74 $101.46 $168.75 $153.02 $141.66 952.24% <-Total Growth 10 Stock Price US$
Increase 68.76% 30.12% -10.17% 23.00% 35.55% 35.01% 30.91% 39.88% 26.78% 14.13% 16.96% 66.33% -9.32% -7.43% 26.54% <-IRR #YR-> 10 Stock Price 952.24% US$
P/E 223.23 15.74 -239.17 -55.16 40.21 55.48 46.58 41.34 42.22 -13.18 50.23 55.33 56.26 50.77 20.61% <-IRR #YR-> 5 Stock Price 155.27% US$
Trailing P/E -13.13 290.45 14.14 -294.17 -74.77 54.29 72.64 65.16 52.41 48.19 -15.42 83.54 50.17 52.08 27.78% <-IRR #YR-> 10 Price & Dividend 987.78% US$
P/E on Run. 5 yr Ave 77.71 63.14 91.99 -360.20 93.09 89.12 124.01 92.55 70.86 -238.30 -1300.71 484.91 254.19 177.07 21.36% <-IRR #YR-> 5 Price & Dividend 161.50% US$
P/E on Run. 10 yr Ave 38.37 40.73 40.48 60.86 76.56 124.13 142.38 148.78 148.59 -1675.23 701.39 486.61 244.88 151.29 18.71 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 1.25% 0.75% % Tot Ret 4.49% 3.49% Price Inc 16.96% P/E:  44.40 50.23 Count 30 Years of data
-$14.54 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $153.02
-$59.95 $0.00 $0.00 $0.00 $0.00 $153.02
-$14.54 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $153.81
-$59.95 $0.53 $0.59 $0.65 $0.71 $153.81
High Month US$ Dec Apr Mar Dec Nov Dec Aug Oct Aug Aug Nov Oct Jan Jul
Pre-split '05
Pre-split '15 $30.18 $39.97 $32.39 $43.05 $56.90
Price High US$ $15.29 $20.25 $16.41 $21.81 $28.83 $42.19 $52.53 $72.25 $87.72 $107.40 $144.21 $202.08 $193.28 $159.96 1077.67% <-Total Growth 10 Stock Price US$
Increase 39.92% 32.44% -18.96% 32.91% 32.17% 46.33% 24.51% 37.54% 21.41% 22.44% 34.27% 40.13% -4.35% -17.24% 27.97% <-IRR #YR-> 10 Stock Price 1077.67% US$
P/E Ratio 274.36 19.69 -269.92 -67.27 47.82 71.51 57.10 49.83 48.73 -16.32 71.39 66.26 71.06 57.33 21.75% <-IRR #YR-> 5 Stock Price 167.52% US$
Trailing P/E Ratio -16.14 363.36 15.96 -358.75 -88.91 69.97 89.03 78.53 60.50 59.67 -21.92 100.04 63.37 58.81 23.93 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 60.50 P/E:  53.46 66.26 57.10 P/E Ratio Historical High US$
-$16.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $193.28
-$72.25 $0.00 $0.00 $0.00 $0.00 $193.28
Low Month US$ Feb Nov Jun Jan Jan Jan Feb Jan Feb Jan Mar Jan Jun Jan
Pre-split '05
Pre-split '15 $18.93 $23.93 $25.01 $27.55 $38.80
Price Low US$ $9.59 $12.13 $12.67 $13.96 $19.66 $23.28 $33.18 $47.64 $64.28 $66.08 $58.70 $135.42 $112.76 $123.35 789.80% <-Total Growth 10 Stock Price US$
Increase 151.39% 26.41% 4.51% 10.16% 40.83% 18.41% 42.53% 43.58% 34.93% 2.80% -11.17% 130.70% -16.73% 9.39% 28.73% <-IRR #YR-> 10 Stock Price 789.80% US$
P/E Ratio 172.09 11.79 -208.42 -43.05 32.61 39.46 36.07 32.86 35.71 -10.04 29.06 44.40 41.46 44.21 35.72% <-IRR #YR-> 5 Stock Price 136.69% US$
Trailing P/E Ratio -10.12 217.55 12.32 -229.58 -60.63 38.61 56.24 51.78 44.33 36.71 -8.92 67.04 36.97 45.35 14.68 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E $44.33 P/E:  32.73 35.71 8.12 P/E Ratio Historical Low US$
-$5.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $64.28
-$13.96 $0.00 $0.00 $0.00 $0.00 $64.28
$134 <-12 mths 377.07%
Free Cash Flow MS US$ $83 $43 $59 $18 $23 $67 $80 $79.4 $58.9 $61.2 $252.0 $109.1 $28.0 $229 $217 $272 -52.54% <-Total Growth 10 Free Cash Flow US$
Change -48.19% 37.21% -69.49% 27.78% 191.30% 19.40% -0.75% -25.82% 3.90% 311.76% -56.72% -74.33% 717.86% -5.24% 25.35% -18.82% <-IRR #YR-> 5 Free Cash Flow MS -64.74% US$
FCF/CF from Op Ratio 1.42 1.06 1.13 0.31 0.29 0.77 0.73 0.69 0.59 0.57 0.86 0.65 0.26 0.83 0.72 0.75 -7.18% <-IRR #YR-> 10 Free Cash Flow MS -52.54% US$
Dividends paid $0.00 $0.00 $0.00 $0.00 $7 $15 $17 $18.78 $22.04 $22.04 $31.21 $31.21 $38.81 $39.80 $39.80 108.05% <-Total Growth 6 Dividends paid US$
Percentage paid 10.45% 18.75% 21.41% 31.88% 36.02% 8.75% 28.61% 111.45% 16.95% 18.34% 14.63% $0.25 <-Median-> 8 Percentage paid US$
5 Year Covrage 23.04% 17.85% 19.81% 24.61% 21.39% 19.53% 21.15% 5 Year Covrage US$
Dividend Coverage Ratio 9.57 5.33 4.67 3.14 2.78 11.43 3.50 0.90 5.90 5.45 6.83 4.08 <-Median-> 8 Dividend Coverage Ratio US$
5 Year of Covereage 4.34 5.60 5.05 4.06 4.67 5.12 4.73 5 Year of Coverage US$
-$79 $0 $0 $0 $0 $28
-$59 $0 $0 $0 $0 $0 $0 $0 $0 $0 $28
Market Cap US$ $464 $402 $431 $781 $923 $1,453 $1,702 $2,511 $2,464 $3,861 $5,961 $8,647 $5,420 $6,837 $6,837 $6,837 1158.75% <-Total Growth 10 Market Cap  US$
Market Cap CDN$ $462 $409 $428 $830 $1,076 $2,009 $2,285 $3,158 $3,371 $5,016 $7,594 $10,942 $7,333 $9,384 $9,384 $9,384 1614.00% <-Total Growth 10 Market Cap CDN$
Diluted # of Shares in Millions 30.367 30.551 30.376 33.262 36.309 36.425 36.366 36.559 36.571 38.662 43.184 44.401 44.494 44.772 46.48% <-Total Growth 10 Diluted
Change 2.88% 0.61% -0.57% 9.50% 9.16% 0.32% -0.16% 0.53% 0.03% 5.72% 11.70% 2.82% 0.21% 0.62% 1.67% <-Median-> 10 Change
Difference Diluted/Basic -0.9% -1.5% -0.4% -1.0% -1.1% -1.1% -1.1% -1.8% -1.7% -1.1% -1.0% -1.3% -0.7% -0.5% -1.12% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 30.081 30.094 30.264 32.928 35.917 36.013 35.966 35.909 35.952 38.225 42.756 43.841 44.175 44.529 45.96% <-Total Growth 10 Average
Change 2.18% 0.04% 0.57% 8.80% 9.08% 0.27% -0.13% -0.16% 0.12% 6.32% 11.85% 2.54% 0.76% 0.80% 1.65% <-Median-> 10 Change
Difference Basic/Outstanding 0.8% -0.5% -0.6% 8.7% -0.3% -0.2% -0.3% 0.0% 0.1% 8.6% 1.9% 0.4% 0.1% -0.7% 0.10% <-Median-> 10 Difference Basic/Outstanding
$223.93 <-12 mths 111.47%
Preferred Shares 5.772 5.623 5.231 0.000 0.000 0.000 0.000 0.000 0.000 Preferred Shares
Multiple Voting 1.326 1.326 1.326 1.326 1.326 1.326 1.326 1.326 1.326 Multiple Voting
Subordinate Voting 28.993 28.616 28.744 34.476 34.481 34.613 34.517 34.591 34.654 Subordinate Voting
Pre-Split '05
# of Share in Millions 30.318 29.941 30.070 35.802 35.807 35.939 35.843 35.916 35.980 41.496 43.588 44.013 44.226 44.226 44.226 44.226 3.93% <-IRR #YR-> 10 Shares 47.08% Q3 TD B
Change in number 0.693 -0.377 0.129 5.732 0.005 0.132 -0.096 0.074 0.064 5.516 2.092 0.425 0.213 0.000 0.000 0.000
Change in % 2.34% -1.24% 0.43% 19.06% 0.01% 0.37% -0.27% 0.21% 0.18% 15.33% 5.04% 0.98% 0.48% 0.00% 0.00% 0.00% 4.25% <-IRR #YR-> 5 Shares 23.14%
Pre-split '15 $115.1 $80.2 $103.0 $116.3 $159.1
CF fr Op $M US$ $58.30 $40.64 $52.19 $58.92 $80.60 $87.09 $109.01 $115.64 $99.46 $107.81 $291.77 $167.27 $105.89 $276.0 $302.5 $360.9 102.92% <-Total Growth 10 Cash Flow US$
Increase 41.95% -30.28% 28.40% 12.90% 36.80% 8.05% 25.16% 6.08% -13.99% 8.39% 170.63% -42.67% -36.69% 160.62% 9.62% 19.30% SO, S Issu Buy Backs
5 year Running Average $40.7 $42.8 $47.4 $50.2 $58.1 $63.9 $77.6 $90.2 $98.4 $103.8 $144.7 $156.4 $154.4 $189.7 $228.7 $242.5 225.76% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $1.92 $1.36 $1.74 $1.65 $2.25 $2.42 $3.04 $3.22 $2.76 $2.60 $6.69 $3.80 $2.39 $6.24 $6.84 $8.16 37.97% <-Total Growth 10 Cash Flow per Share US$
Increase 38.71% -29.40% 27.85% -5.17% 36.78% 7.66% 25.50% 5.86% -14.14% -6.02% 157.65% -43.22% -37.00% 160.62% 9.62% 19.30% 7.33% <-IRR #YR-> 10 Cash Flow 102.92% US$
5 year Running Average $1.36 $1.43 $1.59 $1.61 $1.78 $1.88 $2.22 $2.52 $2.74 $2.81 $3.66 $3.82 $3.65 $4.35 $5.19 $5.49 -1.74% <-IRR #YR-> 5 Cash Flow -8.42% US$
P/CF on Med Price 6.47 11.93 8.38 10.87 10.77 13.51 14.09 18.62 27.49 33.39 15.16 44.40 63.91 22.70 0.00 0.00 3.27% <-IRR #YR-> 10 Cash Flow per Share 37.97% US$
P/CF on Closing Price 15.70 19.51 16.28 26.16 11.45 16.68 15.61 21.72 24.77 35.81 20.43 51.70 51.18 24.77 22.60 18.94 -5.75% <-IRR #YR-> 5 Cash Flow per Share -25.63% US$
46.70% Diff M/C 8.69% <-IRR #YR-> 5 CFPS 5 yr Running 130.12% US$
$318.78 <-12 mths 13.46%
Pre-split '15 -$23.9 $20.9 -$22.15 -$17.55 -$28.35
Excl.Working Capital CF -$12.11 $10.59 -$11.23 -$8.89 -$14.36 -$32.2 -$15.7 $7.8 $51.4 -$11.1 -$89.5 $91.4 $175.1 $0.0 $0.0 $0.0 7.72% <-IRR #YR-> 5 CFPS 5 yr Running 45.07% US$
CF fr Op $M WC US$ $46.2 $51.2 $41.0 $50.0 $66.2 $54.9 $93.3 $123.4 $150.9 $96.7 $202.2 $258.7 $281.0 $276.0 $302.5 $360.9 585.92% <-Total Growth 10 Cash Flow less WC US$
Increase 38.52% 10.92% -20.05% 22.13% 32.40% -17.07% 69.77% 32.35% 22.24% -35.91% 109.13% 27.91% 8.62% -1.77% 9.62% 19.30% 21.23% <-IRR #YR-> 10 Cash Flow less WC 585.92% US$
5 year Running Average $41.1 $44.6 $44.9 $44.4 $50.9 $52.7 $61.1 $77.6 $97.7 $103.8 $133.3 $166.4 $197.9 $222.9 $264.1 $295.8 17.88% <-IRR #YR-> 5 Cash Flow less WC 127.63% US$
CFPS Excl. WC US$ $1.52 $1.71 $1.36 $1.40 $1.85 $1.53 $2.60 $3.44 $4.19 $2.33 $4.64 $5.88 $6.35 $6.24 $6.84 $8.16 15.99% <-IRR #YR-> 10 CF less WC 5 Yr Run 340.83% US$
Increase 35.36% 12.31% -20.40% 2.58% 32.38% -17.37% 70.23% 32.08% 22.03% -44.43% 99.09% 26.67% 8.09% -1.77% 9.62% 19.30% 20.60% <-IRR #YR-> 5 CF less WC 5 Yr Run 155.09% US$
5 year Running Average $1.38 $1.50 $1.50 $1.42 $1.57 $1.57 $1.75 $2.16 $2.72 $2.82 $3.44 $4.10 $4.68 $5.09 $5.99 $6.69 16.65% <-IRR #YR-> 10 CFPS - Less WC 366.37% US$
P/CF on Median Price 8.17 9.46 10.68 12.80 13.11 21.42 16.47 17.44 18.12 37.22 21.87 28.71 24.09 22.70 0.00 0.00 13.08% <-IRR #YR-> 5 CFPS - Less WC 84.86% US$
P/CF on Close Price 10.04 7.84 10.51 15.61 13.93 26.45 18.25 20.35 16.33 39.93 29.48 33.43 19.29 24.77 22.60 18.94 12.02% <-IRR #YR-> 10 CFPS 5 yr Running 211.10% US$
CF/-WC P/CF Med 10 yr 16.89 5 yr  33.39 P/CF Med 10 yr 19.77 5 yr  24.09 25.31% Diff M/C 16.69% <-IRR #YR-> 5 CFPS 5 yr Running 116.32% US$
$307.28 <-12 mths 114.25%
CF fr Op $M CDN$ $58.1 $41.5 $52.0 $62.7 $93.5 $120.6 $146.4 $145.1 $135.7 $140.0 $371.5 $212.1 $143.4 $378.7 $415.1 $495.2 175.70% <-Total Growth 10 Cash Flow CDN$
Increase 34.77% -28.58% 25.32% 20.46% 49.21% 28.98% 21.36% -0.89% -6.47% 3.20% 165.30% -42.91% -32.37% 164.04% 9.62% 19.30% SO, S Issu Buy Backs
5 year Running Average $44.2 $45.5 $49.9 $51.5 $61.6 $74.1 $95.0 $113.6 $128.2 $137.5 $187.7 $200.9 $200.5 $249.1 $304.2 $328.9 301.59% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $1.92 $1.39 $1.73 $1.75 $2.61 $3.36 $4.08 $4.04 $3.77 $3.37 $8.52 $4.82 $3.24 $8.56 $9.39 $11.20 87.45% <-Total Growth 10 Cash Flow per Share CDN$
Increase 31.69% -27.68% 24.78% 1.18% 49.19% 28.50% 21.69% -1.09% -6.63% -10.52% 152.57% -43.46% -32.70% 164.04% 9.62% 19.30% 10.67% <-IRR #YR-> 10 Cash Flow 175.70% CDN$
5 year Running Average $1.48 $1.52 $1.67 $1.65 $1.88 $2.17 $2.71 $3.17 $3.57 $3.72 $4.76 $4.91 $4.75 $5.70 $6.91 $7.44 -0.23% <-IRR #YR-> 5 Cash Flow -1.13% CDN$
P/CF on Median Price 6.61 11.65 8.41 10.61 10.60 12.29 14.44 19.20 25.76 34.55 16.01 44.38 59.57 22.30 0.00 0.00 6.49% <-IRR #YR-> 10 Cash Flow per Share 87.45% CDN$
P/CF on Close Price 7.94 9.85 8.22 13.24 11.50 16.66 15.61 21.77 24.84 35.83 20.44 51.60 51.13 24.78 22.61 18.95 -4.30% <-IRR #YR-> 5 Cash Flow per Share -19.71% CDN$
40.80% Diff M/C 11.00% <-IRR #YR-> 10 CFPS 5 yr Running 183.82% CDN$
$437.43 <-12 mths 14.95%
Excl.Working Capital CF -$12.1 $10.8 -$11.2 -$9.5 -$16.7 -$44.5 -$21.1 $9.8 $70.1 -$14.4 -$114.0 $115.9 $237.1 $0.0 $0.0 $0.0 8.42% <-IRR #YR-> 5 CFPS 5 yr Running 49.81% CDN$
CF fr Op $M WC CDN$ $46.1 $52.3 $40.8 $53.2 $76.8 $76.1 $125.2 $154.8 $205.8 $125.6 $257.5 $327.9 $380.5 $378.7 $415.1 $495.2 831.96% <-Total Growth 10 Cash Flow less WC CDN$
Increase 31.52% 13.62% -21.97% 30.31% 44.41% -1.01% 64.62% 23.66% 32.93% -38.98% 105.01% 27.37% 16.04% -0.48% 9.62% 19.30% 25.01% <-IRR #YR-> 10 Cash Flow less WC 831.96% CDN$
5 year Running Average $45.0 $47.7 $47.7 $45.5 $53.9 $59.9 $74.4 $97.2 $127.8 $137.5 $173.8 $214.3 $259.5 $294.0 $351.9 $399.5 19.70% <-IRR #YR-> 5 Cash Flow less WC 145.76% CDN$
CFPS Excl. WC CDN$ $1.52 $1.75 $1.36 $1.49 $2.15 $2.12 $3.49 $4.31 $5.72 $3.03 $5.91 $7.45 $8.60 $8.56 $9.39 $11.20 18.44% <-IRR #YR-> 10 CF less WC 5 Yr Run 443.40% CDN$
Increase 28.51% 15.05% -22.30% 9.45% 44.39% -1.37% 65.06% 23.40% 32.70% -47.09% 95.17% 26.13% 15.48% -0.48% 9.62% 19.30% 21.69% <-IRR #YR-> 5 CF less WC 5 Yr Run 166.85% CDN$
5 year Running Average $1.51 $1.60 $1.60 $1.46 $1.65 $1.77 $2.12 $2.71 $3.56 $3.73 $4.49 $5.28 $6.14 $6.71 $7.98 $9.04 20.28% <-IRR #YR-> 10 CFPS - Less WC 533.65% CDN$
P/CF on Median Price 8.34 9.24 10.71 12.50 12.89 19.48 16.88 17.98 16.98 38.52 23.09 28.70 22.45 22.30 0.00 0.00 14.82% <-IRR #YR-> 5 CFPS - Less WC 99.58% CDN$
P/CF on Close Price 10.02 7.81 10.48 15.60 14.00 26.41 18.25 20.40 16.38 39.94 29.49 33.37 19.27 24.78 22.61 18.95 14.39% <-IRR #YR-> 10 5 yr Running 283.58% CDN$
*Operational Cash Flow per share  CF/-WC P/CF Med 10 yr 17.60 5 yr  34.55 P/CF Med 10 yr 18.73 5 yr  23.09 32.29% Diff M/C 17.77% <-IRR #YR-> 5 5 yr Running 126.58% CDN$
-$1.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.24 Cash Flow per Share CDN$
-$4.04 $0.00 $0.00 $0.00 $0.00 $3.24 Cash Flow per Share CDN$
-$1.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.75 CFPS 5 yr Running CDN$
-$3.17 $0.00 $0.00 $0.00 $0.00 $4.75 CFPS 5 yr Running CDN$
-$41 $0 $0 $0 $0 $0 $0 $0 $0 $0 $381 Cash Flow less WC CDN$
-$155 $0 $0 $0 $0 $381 Cash Flow less WC CDN$
-$48 $0 $0 $0 $0 $0 $0 $0 $0 $0 $259 CF less WC 5 Yr Run CDN$
-$97 $0 $0 $0 $0 $259 CF less WC 5 Yr Run CDN$
-$1.36 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.60 CFPS - Less WC CDN$
-$4.31 $0.00 $0.00 $0.00 $0.00 $8.60 CFPS - Less WC CDN$
-$1.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.14 CFPS 5 yr Running CDN$
-$2.71 $0.00 $0.00 $0.00 $0.00 $6.14 CFPS 5 yr Running CDN$
Accounts receivable -$19.889 -$33.613 -$22.052 $2.892 -$21.077 -$15.029 -$37.100 -$17.396 $8.908 -$86.943 -$69.671
Inventories -$3.046 -$1.226 -$3.415 -$6.108 -$4.542 -$0.821 -$5.780 -$7.107 -$44.235 -$15.505 -$71.517
Prepaid expenses and other current assets -$3.897 -$2.982 -$4.704 -$1.045 -$1.796 -$3.656 -$6.152 -$1.033 -$1.618 -$8.591 $0.266
Accounts payable -$0.936 -$2.455 $19.287 -$1.166 -$0.072 $5.013 -$3.249 $0.858 $13.710 -$10.363 $11.545
Accrued liabilities $28.979 $44.447 $46.769 $21.130 $21.052 -$2.854 $12.462 $7.228 $72.270 $12.329 -$8.844
Income tax payable $11.842 -$0.421 -$10.264 $11.402 $12.929 -$13.460 -$5.142 $4.644 $4.642 -$4.783 -$13.819
Unearned revenues $0.048 $0.901 $3.625 $2.395 $10.194 $4.611 -$6.330 $11.808 $13.055 $18.075 $3.821
Other liabilities $9.080 $12.901 -$0.897 $3.239 -$0.817 $18.598 $1.257 $13.069 $22.808 $17.662 -$26.842
Contingent acquisition consideration paid -$0.579 -$0.122 -$0.193 -$1.383 -$0.962 $0.000 -$13.273 $0.000
                     
Sum $22.181 $17.552 $28.349 $32.160 $15.749 -$7.791 -$51.417 $11.109 $89.540 -$91.392 -$175.061 Sum
Google --> Morningstar -> TD $28.35 $32.16 $15.75 -$8 -$51 $11 $90 -$91 -$175 Google --> Morningstar
Difference $0.00 $0.00 $0.00 $0 $0 $0 $0 $0 $0 Difference
Morningstar $18 -$7 $32 $16 Morningstar
Difference $0 $35 $0 $0 Difference
TD -$7.00 $32 $16 -$6
$35 $0 $0 -$2
OPM 5.79% 3.61% 4.47% 4.96% 5.86% 6.89% 7.35% 6.78% 5.15% 4.48% 10.52% 5.15% 2.83% 6.38% -36.72% <-Total Growth 10 OPM CDN$
Increase 21.72% -37.74% 23.86% 11.06% 18.12% 17.56% 6.69% -7.76% -24.05% -13.04% 135.00% -51.08% -45.09% 125.61% Should increase  or be stable. CDN$
Diff from Ave 5.2% -34.5% -18.9% -9.9% 6.5% 25.2% 33.5% 23.2% -6.5% -18.7% 91.2% -6.5% -48.6% 15.9% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 5.50% 5 Yrs 5.15% should be  zero, it is a   check on calculations CDN$
$416 <-12 mths 17.92%
Adjusted EBITDA US$ $70.57 $78.93 $78.91 $74.10 $103.04 $130.32 $159.31 $190.61 $235.18 $283.72 $327.38 $352.73 $416 $441 $484 346.88% <-Total Growth 10 Adjusted EBITDA US$
Change 11.86% -0.02% -6.10% 39.05% 26.48% 22.24% 19.65% 23.38% 20.64% 15.39% 7.75% 17.94% 6.01% 9.75% 20.14% <-Median-> 10 Change US$
Margin 6.26% 6.76% 6.65% 5.39% 8.15% 8.79% 9.34% 9.87% 9.77% 10.23% 10.08% 9.42% 9.61% 9.73% 10.13% 9.38% <-Median-> 10 Margin US$
Long Term Debt US$ $221.63 $197.16 $249.87 $266.87 $330.61 $761.08 $533.13 $595.37 $698.80 $753.69 Debt US$
Change -11.04% 26.73% 6.81% 23.88% 130.21% -29.95% 11.67% 17.37% 7.86% 14.52% <-Median-> 8 Change US$
Debt/Market Cap Ratio 0.24 0.14 0.15 0.11 0.13 0.20 0.09 0.07 0.13 0.11 0.13 <-Median-> 9 Debt/Market Cap Ratio US$
Assets/Current Liabilities Ratio 2.60 4.62 4.22 4.11 4.44 5.46 4.04 4.06 4.36 4.46 4.22 <-Median-> 9 Assets/Current Liab Ratio US$
Current Liabilities/Asset Ratio 0.38 0.22 0.24 0.24 0.23 0.18 0.25 0.25 0.23 0.22 0.24 <-Median-> 9 Current Liab/Asset Ratio US$
Debt to Cash Flow (Years) 2.75 2.26 2.29 2.31 3.32 7.06 1.83 3.56 6.60 2.73 2.75 <-Median-> 9 Debt to Cash Flow (Years) US$
Long Term Debt CDN$ $257.12 $273.01 $335.50 $334.79 $451.02 $988.49 $678.78 $754.81 $946.45 $1,034.21 Debt CDN$
Change 6.18% 22.89% -0.21% 34.71% 119.17% -31.33% 11.20% 25.39% 9.27% 17.04% <-Median-> 8 Change CDN$
Debt/Market Cap Ratio 0.24 0.14 0.15 0.11 0.13 0.20 0.09 0.07 0.13 0.11 0.13 <-Median-> 9 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 2.60 4.62 4.22 4.11 4.44 5.46 4.04 4.06 4.36 4.46 4.22 <-Median-> 9 Assets/Current Liab Ratio CDN$
Current Liabilities/Asset Ratio 0.38 0.22 0.24 0.24 0.23 0.18 0.25 0.25 0.23 0.22 0.24 <-Median-> 9 Current Liab/Asset Ratio CDN$
Debt to Cash Flow (Years) 2.75 2.26 2.29 2.31 3.32 7.06 1.83 3.56 6.60 2.73 2.75 <-Median-> 9 Debt to Cash Flow (Years) CDN$
Intangibles US$ $79.5 $121.1 $133.8 $148.8 $366.2 $378.8 $382.1 $368.5 363.59% <-Total Growth 7 Intangibles US$
Goodwill US$ $220.6 $266.2 $291.9 $484.0 $644.8 $703.7 $843.4 $886.1 301.59% <-Total Growth 7 Goodwill US$
Pre-split '15 $395.5 $580.6 $604.4 $701.3 #DIV/0! <-Total Growth 2 US$
Total US$ $200.4 $294.2 $306.2 $355.3 $300.1 $387.3 $425.8 $632.8 $1,011.1 $1,082.5 $1,225.5 $1,254.5 $1,377.6 326.44% <-Total Growth 10 Total US$
Change 46.80% 4.09% 16.04% -15.54% 29.04% 9.94% 48.62% 59.79% 7.06% 13.21% 2.37% 9.81% 11.57% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.50 0.68 0.39 0.39 0.21 0.23 0.17 0.26 0.26 0.18 0.14 0.23 0.20 0.23 <-Median-> 10 % of Market C. US$
Intangibles CDN$ $110.1 $162.6 $167.9 $203.0 $475.7 $482.2 $484.4 $499.0 353.43% <-Total Growth 7 Intangibles
Goodwill CDN$ $305.5 $357.4 $366.2 $660.2 $837.5 $896.0 $1,069.2 $1,200.1 292.79% <-Total Growth 7 Goodwill
Total CDN$ $204.7 $293.3 $325.7 $412.2 $415.6 $520.0 $534.1 $863.2 $1,313.2 $1,378.2 $1,553.6 $1,699.1 $1,890.4 479.41% <-Total Growth 10 Total CDN$
Change 43.28% 11.07% 26.57% 0.81% 25.12% 2.72% 61.61% 52.13% 4.95% 12.73% 9.36% 11.25% 11.90% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.50 0.69 0.39 0.38 0.21 0.23 0.17 0.26 0.26 0.18 0.14 0.23 0.20 0.23 <-Median-> 10 % of Market C. CDN$
Pre-split '15 $419.63 $450.20 $510.54 $615.26 $707.82
Current Assets US$ $212.63 $228.12 $258.69 $311.75 $358.65 $236.42 $303.79 $321.32 $415.07 $668.14 $819.32 $964.66 $1,108.87 $1,256.84 Liquidity ratio of 1.5 and up, best US$
Pre-split '15 $411.90 $594.25 $467.90 $570.16 $630.16
Current Liabilities $208.71 $301.11 $237.08 $288.90 $319.30 $130.10 $182.82 $204.03 $226.95 $358.21 $543.75 $618.47 $636.99 $683.57 1.62 <-Median-> 10 Ratio US$
Liquidity 1.02 0.76 1.09 1.08 1.12 1.82 1.66 1.57 1.83 1.87 1.51 1.56 1.74 1.84 1.74 <-Median-> 5 Ratio US$
Pre-split '15 $1,129.5 $1,233.7 $1,317.9 $1,443.5 $1,639.4
Assets US$ $572.34 $625.12 $667.78 $731.43 $830.70 $600.48 $770.96 $837.73 $1,007.47 $1,955.47 $2,196.54 $2,509.02 $2,774.51 $3,050.72 Debt Ratio of 1.5 and up, best US$
Pre-split '15 $755.9 $848.7 $926.0 $1,194.5 $1,406.2
Liabilities $383.03 $430.03 $469.21 $605.23 $712.53 $355.90 $487.58 $516.79 $619.66 $1,354.92 $1,343.11 $1,490.17 $1,633.62 $1,767.43 1.62 <-Median-> 10 Ratio US$
Debt Ratio 1.49 1.45 1.42 1.21 1.17 1.69 1.58 1.62 1.63 1.44 1.64 1.68 1.70 1.73 1.64 <-Median-> 5 Ratio US$
Check  $189.3 $195.1 $198.6 $126.2 $118.2 $244.6 $283.4 $320.9 $387.8 $600.5 $853.4 $1,018.9 $1,140.9 $1,283.3
Estimates BVPS $23.30 $24.10 Estimates Estimates BVPS
Estimate Book Value $1,030.5 $1,065.9 Estimates Estimate Book Value
P/B Ratio (Close) 6.63 6.41 Estimates P/B Ratio (Close)
Difference from 10 year median -17.37% Diff M/C Estimates Difference from 10 yr med.
Total Equity US$ $189.3 $195.1 $198.6 $126.2 $118.2 $244.6 $283.4 $320.9 $387.8 $600.5 $853.4 $1,018.9 $1,140.9 $1,283.3 474.53% <-Total Growth 10 Book Value US$
Change 13.14% 3.06% 1.79% -36.45% -6.36% 106.98% 15.86% 13.25% 20.84% 54.86% 42.11% 19.38% 11.98% 12.48% 7.57 <-Median-> 2 Change
Pre-split '15 $174.4 $141.4 $152.0 $7.1 $8.0 -100.00% <-Total Growth 2 Pre-split '15
Non-control int.US$ $88.35 $71.65 $77.00 $3.61 $4.06 $77.56 $102.4 $117.7 $151.6 $174.7 $193.0 $219.1 $233.4 $266.1 203.14% <-Total Growth 10 Non-control int.US$ US$
Pre-split '15 $144.3 $140.6 $130.8 $0.0 $0.0 -100.00% <-Total Growth 2 Pre-split '15
Preferred Shares US$ $73.12 $71.22 $66.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -100.00% <-Total Growth 10 Preferred Shares US$ US$
Pre-split '15 $54.9
Book Value US $27.84 $52.2 $55.3 $122.6 $114.1 $167.0 $181.0 $203.2 $236.2 $425.9 $660.4 $799.7 $907.5 $1,017.2 $1,017.2 $1,017.2 1540.45% <-Total Growth 10 Book Value US$
Book Value per Share $0.92 $1.74 $1.84 $3.42 $3.19 $4.65 $5.05 $5.66 $6.57 $10.26 $15.15 $18.17 $20.52 $23.00 $23.00 $23.00 1015.36% <-Total Growth 10 Book Value per Share US$
Change 147.09% 89.94% 5.48% 86.12% -6.92% 45.83% 8.67% 12.04% 16.03% 56.32% 47.62% 19.93% 12.92% 12.09% 0.00% 0.00% -16.29% P/B Ratio Current/10 Year Median US$
P/B Ratio (Median) 13.55 9.28 7.90 5.22 7.61 7.04 8.49 10.59 11.58 8.45 6.70 9.29 7.46 6.16 7.25 P/B Ratio Historical Median US$
P/B Ratio (Close) 16.65 7.70 7.78 6.37 8.09 8.70 9.40 12.36 10.43 9.07 9.03 10.81 5.97 6.72 6.72 6.72 27.27% <-IRR #YR-> 10 Book Value per Share 1015.36% US$
Change -36.12% -53.79% 1.14% -18.15% 26.93% 7.58% 8.06% 31.44% -15.59% -13.09% -0.43% 19.79% -44.76% 12.54% 0.00% 0.00% 29.39% <-IRR #YR-> 5 Book Value per Share 262.62% US$
Leverage (A/BK) 3.02 3.20 3.36 5.80 7.03 2.46 2.72 2.61 2.60 3.26 2.57 2.46 2.43 2.38 2.60 <-Median-> 10 A/BV US$
Debt/Equity Ratio 2.02 2.20 2.36 4.80 6.03 1.46 1.72 1.61 1.60 2.26 1.57 1.46 1.43 1.38 1.60 <-Median-> 10 Debt/Eq Ratio US$
P/BV 10 yr Med 8.03 5 yr Med 8.45 -16.29% Diff M/C
-$1.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.52
-$5.66 $0.00 $0.00 $0.00 $0.00 $20.52
Pre-split '15
Current Assets CDN$ $211.99 $232.98 $257.87 $331.58 $416.07 $327.39 $407.90 $403.10 $566.24 $867.78 $1,043.15 $1,223.00 $1,501.86 $1,724.64 Liquidity ratio of 1.5 and up, best CDN$
Pre-split '15
Current Liabilities $208.09 $307.53 $236.33 $307.28 $370.42 $180.15 $245.48 $255.95 $309.60 $465.24 $692.30 $784.10 $862.74 $937.99 1.62 <-Median-> 10 Ratio CDN$
Liquidity 1.02 0.76 1.09 1.08 1.12 1.82 1.66 1.57 1.83 1.87 1.51 1.56 1.74 1.84 1.74 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 1.30 0.89 1.31 1.28 1.37 2.48 2.25 2.14 2.26 2.16 2.04 1.83 1.91 2.24 2.04 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  0.99 0.75 1.04 1.17 1.37 2.48 2.25 2.14 2.26 2.16 2.04 1.83 1.91 2.24 2.04 <-Median-> 5 Ratio CDN$
Pre-split '15
Assets CDN$ $570.6 $638.5 $665.7 $777.9 $963.7 $831.5 $1,035.2 $1,050.9 $1,374.4 $2,539.8 $2,796.6 $3,180.9 $3,757.8 $4,186.2 Debt Ratio of 1.5 and up, best CDN$
Pre-split '15
Liabilities $381.9 $439.2 $467.7 $643.7 $826.6 $492.8 $654.7 $648.3 $845.3 $1,759.8 $1,710.0 $1,889.2 $2,212.6 $2,425.3 1.62 <-Median-> 10 Ratio CDN$
Debt Ratio 1.49 1.45 1.42 1.21 1.17 1.69 1.58 1.62 1.63 1.44 1.64 1.68 1.70 1.73 1.64 <-Median-> 5 Ratio CDN$
Check  $188.7 $199.3 $197.9 $134.2 $137.1 $338.7 $380.5 $402.6 $529.1 $780.0 $1,086.6 $1,291.7 $1,545.2 $1,760.9
Total Equity CDN$ $188.7 $199.3 $197.9 $134.2 $137.1 $338.7 $380.5 $402.6 $529.1 $780.0 $1,086.6 $1,291.7 $1,545.2 $1,760.9 680.62% <-Total Growth 10 Book Value CDN$
T.E. CDN$ per share $6.23 $6.65 $6.58 $3.75 $3.83 $9.42 $10.62 $11.21 $14.70 $18.80 $24.93 $29.35 $34.94 $39.82 430.75% <-Total Growth 10 Book Value per Share CDN$
P/BV (CL) 2.45 2.05 2.16 6.18 7.85 5.93 6.00 7.84 6.37 6.43 6.99 8.47 4.75 5.33 6.40 <-Median-> 10 P/BV (CL) CDN$
NCI CDN$ $88.1 $73.2 $76.8 $3.8 $4.7 $107.4 $137.4 $147.7 $206.8 $226.9 $245.8 $277.8 $316.2 $365.1 311.88% <-Total Growth 10 NCI CDN$ CDN$
Preferred Shares CDN$ $72.9 $72.7 $66.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -100.00% <-Total Growth 10 Preferred Shares CDN$ CDN$
Book Value CDN$ $27.8 $53.3 $55.1 $130.4 $132.4 $231.3 $243.1 $255.0 $322.3 $553.1 $840.8 $1,013.9 $1,229.1 $1,395.8 $1,395.8 $1,395.8 2128.90% <-Total Growth 10 Book Value per Share CDN$
Book Value per Share $0.92 $1.78 $1.83 $3.64 $3.70 $6.44 $6.78 $7.10 $8.96 $13.33 $19.29 $23.04 $27.79 $31.56 $31.56 $31.56 1415.45% <-Total Growth 10 Book Value per Share CDN$
Change 134.59% 94.58% 2.95% 98.58% 1.52% 74.07% 5.38% 4.68% 26.17% 48.83% 44.71% 19.42% 20.64% 13.56% 0.00% 0.00% -16.89% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 13.84 9.07 7.93 5.10 7.48 6.41 8.70 10.92 10.85 8.75 7.07 9.28 6.95 6.05 6.03 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 16.63 7.67 7.76 6.37 8.12 8.69 9.40 12.39 10.46 9.07 9.03 10.79 5.97 6.72 6.72 6.72 31.24% <-IRR #YR-> 10 Book Value per Share 1415.45% CDN$
Change -36.90% -53.91% 1.21% -17.96% 27.63% 6.91% 8.21% 31.79% -15.55% -13.30% -0.41% 19.49% -44.71% 12.69% 0.00% 0.00% 31.38% <-IRR #YR-> 5 Book Value per Share 291.49% CDN$
Leverage (A/BK) 3.02 3.20 3.36 5.80 7.03 2.46 2.72 2.61 2.60 3.26 2.57 2.46 2.43 2.38 2.60 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 2.02 2.20 2.36 4.80 6.03 1.46 1.72 1.61 1.60 2.26 1.57 1.46 1.43 1.38 1.60 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/B Ratios 10 yr Med 8.09 5 yr Med 8.75 -16.89% Diff M/C 3.04 Historical Leverage (A/BK)
-$1.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $27.79
-$7.10 $0.00 $0.00 $0.00 $0.00 $27.79
$116.9 <-12 mths 30.05%
Pre-split '15 $46.87 $31.92 $39.29
Comprehensive Income US$ $23.75 $16.17 $19.91 $34.07 $54.71 $78.59 $87.66 -$224.97 $112.19 $155.95 $137.13
Pre-split '15 $34.65 $57.80 $36.62
NCI $17.55 $29.28 $18.55 $16.80 $20.65 $23.60 $24.42 $23.60 $22.33 $20.92 $23.93
Pre-split '15 $61.42 $97.73
Shareholders $31.12 $49.52 $6.19 -$13.11 $1.35 $17.27 $34.06 $54.99 $63.24 -$248.57 $89.86 $135.03 $113.19 1728% <-Total Growth 10 Comprehensive Income US$
Increase 8861.48% 59.12% -87.50% -311.76% 110.33% 1175.65% 97.22% 61.45% 15.00% -493.04% 136.15% 50.26% -16.17% 15.00% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $18.43 $24.50 $21.51 $14.67 $15.01 $12.24 $9.15 $18.91 $34.18 -$15.80 -$1.28 $18.91 $30.55 33.72% <-IRR #YR-> 10 Comprehensive Income 1728.07% US$
ROE US$ 111.8% 94.8% 11.2% -10.7% 1.2% 10.3% 18.8% 27.1% 26.8% -58.4% 13.6% 16.9% 12.5% 15.53% <-IRR #YR-> 5 Comprehensive Income 105.83% US$
5Yr Median 26.8% 94.8% 94.8% 11.2% 11.2% 10.3% 10.3% 10.3% 18.8% 18.8% 18.8% 16.9% 13.6% 3.57% <-IRR #YR-> 10 5 Yr Running Average 61.53% US$
% Difference from NI 1673.55% 52.37% 425.61% -22.15% -93.83% -19.28% 1.38% 3.61% -3.98% 1.21% 2.98% -0.14% -6.51% 10.07% <-IRR #YR-> 5 5 Yr Running Average 61.53% US$
Median Values Diff 5, 10 yr -2.1% -0.1% 13.6% <-Median-> 5 Comprehensive Income US$
-$6.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $113.2
-$55.0 $0.0 $0.0 $0.0 $0.0 $113.2
-$21.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $30.6
-$18.9 $0.0 $0.0 $0.0 $0.0 $30.6
Current Liability Coverage Ratio US$ 0.22 0.17 0.17 0.17 0.21 0.42 0.51 0.60 0.66 0.27 0.37 0.42 0.44 0.40   CFO / Current Liabilities US$
5 year Median 0.23 0.22 0.20 0.17 0.17 0.17 0.21 0.42 0.51 0.51 0.51 0.42 0.42 0.40 0.42 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio US$ 8.07% 8.20% 6.13% 6.84% 7.97% 9.15% 12.10% 14.73% 14.98% 4.95% 9.21% 10.31% 10.13% 9.05% CFO / Total Assets US$
5 year Median 8.05% 8.07% 8.07% 6.84% 7.97% 7.97% 7.97% 9.15% 12.10% 12.10% 12.10% 10.31% 10.13% 9.21% 10.1% <-Median-> 5 Return on Assets  US$
Return on Assets ROA US$ 0.31% 5.20% -0.28% -1.47% 2.64% 3.56% 4.36% 6.34% 6.54% -12.87% 3.97% 5.39% 4.36% 4.10% Net  Income/Assets Return on Assets US$
5Yr Median 2.52% 2.52% 0.31% -0.28% 0.31% 2.64% 2.64% 3.56% 4.36% 4.36% 4.36% 5.39% 4.36% 4.10% 4.4% <-Median-> 5 Asset Efficiency Ratio US$
Return on Equity ROE US$ 6.30% 62.24% -3.44% -8.76% 19.23% 12.81% 18.56% 26.12% 27.88% -59.08% 13.21% 16.91% 13.34% 12.29% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 13.16% 17.57% 6.30% -3.44% 6.30% 12.81% 12.81% 18.56% 19.23% 18.56% 18.56% 16.91% 13.34% 13.21% 13.3% <-Median-> 5 Return on Equity US$
$132.4 <-12 mths 9.33%
Currency
Pre-split 15 $47.90 $101.74 $40.93 $41.64 $90.94
Net Income US$ $24.27 $51.55 $20.74 $21.10 $46.08 $38.20 $54.24 $76.67 $90.28 -$227.63 $109.59 $156.13 $145.01
Pre-split 2015 $34.34 $27.63 $35.08 $59.68 $47.62
NCI $17.40 $14.00 $17.78 $30.24 $24.13 $16.80 $20.65 $23.59 $24.42 $23.98 $22.33 $20.92 $23.93
Pre-split 2015 $10.10 $9.97 $9.60 $3.15 $0.00
Preferred Dividends $5.12 $5.05 $4.87 $1.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Pre-split 2015
Shareholders $1.75 $32.50 -$1.90 -$10.73 $21.95 $21.40 $33.60 $53.08 $65.87 -$251.61 $87.26 $135.21 $121.07 $125 $131 $156 6466.80% <-Total Growth 10 Net Income US$
Increase -106.30% 1752.12% -105.85% 464.48% -304.47% -2.52% 57.03% 57.99% 24.09% -482.01% -134.68% 54.95% -10.46% 3.24% 4.80% 19.08% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $7.5 $10.5 $7.4 -$1.2 $8.7 $12.6 $12.9 $23.9 $39.2 -$15.5 -$2.4 $18.0 $31.6 $43.4 $119.9 $133.7 #NUM! <-IRR #YR-> 10 Net Income 6466.80% US$
Operating Cash Flow $58.30 $40.64 $52.19 $58.92 $80.60 $87.09 $109.01 $115.64 $99.46 $107.81 $291.77 $167.27 $105.89 17.93% <-IRR #YR-> 5 Net Income 128.10% US$
Pre-split 2015 -$66.13 -$58.85 -$61.85 -$27.30 -$156.18 329.37%
Investment Cash Flow -$66.13 -$58.85 -$61.85 -$27.30 $147.46 -$32.28 -$130.84 -$75.92 -$106.20 -$614.97 -$142.26 -$206.32 -$160.80 15.69% <-IRR #YR-> 10 5 Yr Running Average 32.29% US$
Total Accruals $9.58 $50.70 $7.77 -$42.35 -$206.12 -$33.42 $55.44 $13.36 $72.60 $255.55 -$62.24 $174.26 $175.98 5.76% <-IRR #YR-> 5 5 Yr Running Average US$
Total Assets $572.3 $625.1 $667.8 $731.4 $830.7 $600.5 $771.0 $837.7 $1,007.5 $1,955.5 $2,196.5 $2,509.0 $2,774.5 Balance Sheet Assets US$
Accruals Ratio 1.67% 8.11% 1.16% -5.79% -24.81% -5.57% 7.19% 1.60% 7.21% 13.07% -2.83% 6.95% 6.34% 6.95% <-Median-> 5 Ratio US$
$1.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $121.1
-$53.1 $0.0 $0.0 $0.0 $0.0 $121.1
-$7.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $31.6
-$23.9 $0.0 $0.0 $0.0 $0.0 $31.6
Pre-split 2015 -$51.05 -$22.26 -$32.14 -$48.18 $19.10
Financial Cash Flow US$ -$25.87 -$11.28 -$16.28 -$24.41 $9.68 -$75.14 $19.50 -$26.33 $20.44 $561.14 -$75.20 $24.43 $18.78 C F Statement  Fin. C. F US$
Total Accruals $35.45 $61.98 $24.05 -$17.94 -$215.79 $41.72 $35.94 $39.69 $52.16 -$305.60 $12.95 $149.83 $157.20 Accruals US$
Accruals Ratio 6.19% 9.91% 3.60% -2.45% -25.98% 6.95% 4.66% 4.74% 5.18% -15.63% 0.59% 5.97% 5.67% Ratio US$
$148.2 <-12 mths 29.49%
Comprehensive Income CDN$ $23.67 $17.20 $23.09 $47.18 $73.46 $98.59 $119.58 -$292.19 $142.85 $197.71 $185.72
NCI $17.50 $31.15 $21.52 $23.27 $27.72 $29.60 $33.31 $30.65 $28.43 $26.52 $32.41
Shareholders $31.03 $50.58 $6.17 -$13.95 $1.57 $23.92 $45.74 $68.99 $86.27 -$322.84 $114.41 $171.19 $153.31 2384% <-Total Growth 10 Comprehensive Income CDN$
Increase 8418.29% 63.00% -87.80% -325.94% 111.26% 1422.66% 91.23% 50.85% 25.05% -474.20% 135.44% 49.62% -10.45% 25.05% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $20.06 $25.75 $22.63 $14.69 $15.08 $13.66 $12.69 $25.25 $45.30 -$19.58 -$1.49 $23.61 $40.47 37.88% <-IRR #YR-> 10 Comprehensive Income 2383.81% CDN$
ROE CDN$ 111.8% 94.8% 11.2% -10.7% 1.2% 10.3% 18.8% 27.1% 26.8% -58.4% 13.6% 16.9% 12.5% 17.32% <-IRR #YR-> 5 Comprehensive Income 122.22% CDN$
5Yr Median 26.8% 94.8% 94.8% 11.2% 11.2% 10.3% 10.3% 10.3% 18.8% 18.8% 18.8% 16.9% 13.6% 5.98% <-IRR #YR-> 10 5 Yr Running Average 60.25% CDN$
% Difference from NI 1673.55% 52.37% 425.61% -22.15% -93.83% -19.28% 1.38% 3.61% -3.98% 1.21% 2.98% -0.14% -6.51% 9.89% <-IRR #YR-> 5 5 Yr Running Average 60.25% CDN$
Median Values Diff 5, 10 yr -0.1% 13.6% <-Median-> 5 Comprehensive Income CDN$
-$6.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $153.3
-$69.0 $0.0 $0.0 $0.0 $0.0 $153.3
-$22.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $40.5
-$25.3 $0.0 $0.0 $0.0 $0.0 $40.5
Current Liability Coverage Ratio CDN$ 0.22 0.17 0.17 0.17 0.21 0.42 0.51 0.60 0.66 0.27 0.37 0.42 0.44 0.40   CFO / Current Liabilities CDN$
5 year Median 0.23 0.22 0.20 0.17 0.17 0.17 0.21 0.42 0.51 0.51 0.51 0.42 0.42 0.40 0.42 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio CDN$ 8.07% 8.20% 6.13% 6.84% 7.97% 9.15% 12.10% 14.73% 14.98% 4.95% 9.21% 10.31% 10.13% 9.05% CFO / Total Assets CDN$
5 year Median 8.05% 8.07% 8.07% 6.84% 7.97% 7.97% 7.97% 9.15% 12.10% 12.10% 12.10% 10.31% 10.13% 9.21% 10.1% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA CDN$ 0.3% 5.2% -0.3% -1.5% 2.6% 3.6% 4.4% 6.3% 6.5% -12.9% 4.0% 5.4% 4.4% 3.8% Net  Income/Assets Return on Assets CDN$
5Yr Median 2.5% 2.5% 0.3% -0.3% 0.3% 2.6% 2.6% 3.6% 4.4% 4.4% 4.4% 5.4% 4.4% 4.0% 4.4% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE CDN$ 6.3% 62.2% -3.4% -8.8% 19.2% 12.8% 18.6% 26.1% 27.9% -59.1% 13.2% 16.9% 13.3% 11.4% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 13.2% 17.6% 6.3% -3.4% 6.3% 12.8% 12.8% 18.6% 19.2% 18.6% 18.6% 16.9% 13.3% 13.2% 13.3% <-Median-> 5 Return on Equity CDN$
$181.6 <-12 mths 10.77%
Net Income CDN$ $24.20 $52.65 $20.68 $22.44 $53.45 $52.89 $72.83 $96.19 $123.16 -$295.65 $139.53 $197.94 $196.40
NCI $17.35 $14.30 $17.72 $32.16 $27.99 $23.27 $27.72 $29.60 $33.31 $31.14 $28.43 $26.52 $32.41
Preferred Dividends $5.10 $5.16 $4.85 $1.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Pre-split 2015
Shareholders $1.75 $33.19 -$1.90 -$11.42 $25.46 $29.63 $45.11 $66.59 $89.85 -$326.79 $111.10 $171.42 $163.98 $159 $159 $159 8750.61% <-Total Growth 10 Net Income CDN$
Increase -105.98% 1797.32% -105.71% 502.29% -323.02% 16.36% 52.26% 47.61% 34.94% -463.70% -134.00% 54.30% -4.34% -3.04% 0.00% 0.00% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $9.3 $11.9 $8.7 -$1.5 $9.4 $15.0 $17.4 $31.1 $51.3 -$19.1 -$2.8 $22.4 $41.9 $55.7 $152.9 $162.5 17.84% <-IRR #YR-> 10 Net Income 8750.61% CDN$
Operating Cash Flow $58.12 $41.51 $52.02 $62.66 $93.50 $120.60 $146.36 $145.06 $135.68 $140.02 $371.48 $212.06 $143.42 30.60% <-IRR #YR-> 5 Net Income 146.26% CDN$
Pre-split 2015 384.29%
Investment Cash Flow -$65.93 -$60.10 -$61.66 -$29.03 $171.07 -$44.70 -$175.68 -$95.24 -$144.88 -$798.72 -$181.13 -$261.57 -$217.79 6.55% <-IRR #YR-> 10 5 Yr Running Ave. 34.88% CDN$
Total Accruals $9.55 $51.78 $7.74 -$45.05 -$239.11 -$46.27 $74.43 $16.76 $99.05 $331.90 -$79.25 $220.93 $238.35 5.24% <-IRR #YR-> 5 5 Yr Running Ave. CDN$
Total Assets $570.6 $638.5 $665.7 $777.9 $963.7 $831.5 $1,035.2 $1,050.9 $1,374.4 $2,539.8 $2,796.6 $3,180.9 $3,757.8 Balance Sheet Assets CDN$
Accruals Ratio 1.67% 8.11% 1.16% -5.79% -24.81% -5.57% 7.19% 1.60% 7.21% 13.07% -2.83% 6.95% 6.34% 6.95% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.04 0.60 -0.04 -0.23 0.33 0.39 0.35 0.42 0.43 -2.82 0.44 0.52 0.43 0.40 <-Median-> 10 EPS/CF Ratio CDN$
-$33.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 17142.18%
-$45.1 $0.0 $0.0 $0.0 $0.0 17142.18%
-$11.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 2243.42%
-$17.4 $0.0 $0.0 $0.0 $0.0 2243.42%
Pre-split 2015
Change in Close 48.03% -10.32% 4.19% 62.93% 29.57% 86.10% 14.03% 37.95% 6.55% 29.03% 44.11% 42.69% -33.30% 27.97% 0.00% 0.00% Count 28 Years of data CDN$
up/down Down Up Up Up Down Down Down Down Down Count 22 78.57% CDN$
Meet Prediction? Yes Yes Yes Yes % right Count 11 50.00% CDN$
Financial Cash Flow CDN$ -$25.79 -$11.52 -$16.23 -$25.96 $11.23 -$104.05 $26.18 -$33.03 $27.89 $728.81 -$95.74 $30.97 $25.44 C F Statement  Financial CF CDN$
Total Accruals $35.34 $63.30 $23.98 -$19.08 -$250.34 $57.77 $48.25 $49.79 $71.16 -$396.91 $16.49 $189.96 $212.91 Accruals CDN$
Accruals Ratio 6.19% 9.91% 3.60% -2.45% -25.98% 6.95% 4.66% 4.74% 5.18% -15.63% 0.59% 5.97% 5.67% 5.18% <-Median-> 5 Ratio CDN$
Pre-split 2015 $100.4 $97.8 $108.7 $142.7 $156.8
Cash US$ $50.85 $49.55 $55.07 $72.31 $79.45 $45.56 $43.38 $57.19 $79.84 $134.29 $208.94 $194.27 $194.27 $177.89 Cash US$
Cash CDN$ $50.70 $50.61 $54.90 $76.91 $92.17 $63.09 $58.25 $71.74 $108.92 $174.42 $266.02 $246.30 $263.12 $244.10 Cash CDN$
Cash per Share $1.67 $1.69 $1.83 $2.15 $2.57 $1.76 $1.63 $2.00 $3.03 $4.20 $6.10 $5.60 $5.95 $5.52 $5.60 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 10.98% 12.38% 12.83% 9.27% 8.57% 3.14% 2.55% 2.27% 3.23% 3.48% 3.50% 2.25% 3.59% 2.60% 3.48% <-Median-> 5 % of Stock Price CDN$
$1.80 <-12 mths 55.13%
Adjusted EPS CDN$ $0.81 $0.94 $0.82 $1.16 $2.96 $4.15 $4.46 -100.00% <-Total Growth 4 Earnings CDN$
Increase 7.64% 15.17% -12.64% 41.61% 155.31% 40.43% 7.31% #NUM! <-IRR #YR-> 1 Earnings CDN$
Earnings Yield 5.3% 6.9% 5.8% 5.0% 9.8% 7.4% 7.0% #NUM! <-IRR #YR-> 0 Earnings CDN$
5 year Running Average $0.76 $0.81 $0.83 $0.90 $1.34 $2.01 $2.71 #NUM! <-IRR #YR-> 1 5 yr Running CDN$
P/E Med H/L 15.58 17.25 17.78 16.03 9.35 #NUM! <-IRR #YR-> -1 5 yr Running CDN$
P/E High 18.72 20.99 19.77 20.02 11.08 15.55 <-Median-> 2 P/E High CDN$
P/E Low 12.43 13.50 15.79 12.04 7.62 9.83 <-Median-> 2 P/E Low CDN$
P/E Close 18.72 14.58 17.39 20.01 10.15 13.46 14.30 13.88 <-Median-> 4 P/E Close CDN$
Trailing P/E Close 12.65 16.26 16.69 12.28 7.84 7.23 12.54 10.06 <-Median-> 4 P/E Close Tr CDN$
Payout Ratio 0.00% 0.00% 0.00% 18.36% 15.69% 13.33% 12.95% 14.51% <-Median-> 4 Payout Ratio CDN$
Median  5 Yrs P/E: M-H-L 16.03 19.77 12.43 Net of Unusual Items
$0.00 $0.00 $0.00 $1.16
$0.00 $0.00 $0.00 $1.16
$0.00 $0.00 $0.00 $0.90
$0.00 $0.00 $0.00 $0.90
GP CDN$ Adj. EPS $4.09 $6.13 $5.81 $9.74 $15.69 $24.53 $26.08 $0.00 -100.00% <-Total Growth 5 GP Adj. EPS CDN$
Price/GP Ratio Med 3.10 2.64 2.50 1.91 1.76 1.91 <-Median-> 3 Price/GP Ratio CDN$
Price/GP Ratio High 3.72 3.21 2.78 2.38 2.09 2.38 <-Median-> 3 Price/GP Ratio CDN$
Price/GP Ratio Low 2.47 2.06 2.22 1.43 1.44 1.44 <-Median-> 3 Price/GP Ratio CDN$
Price/GP Ratio Close 3.72 2.23 2.45 2.38 1.91 2.28 2.44 #DIV/0! #DIV/0! <-Median-> 5 Price/GP Ratio CDN$
Prem/Disc Close 272.01% 122.87% 144.87% 137.91% 91.48% 127.92% 144.40% #DIV/0! #DIV/0! <-Median-> 5 Graham Price CDN$
When company issued preferred stock instead of dividends.
Price Close Tot. #REF! #REF! #REF! #REF! $30.04 $55.90 $63.74 #REF! <-Total Growth 2 Stock Price CDN$
Increase #REF! #REF! #REF! #REF! #REF! 86.10% 14.03% #VALUE! <-IRR #YR-> 0 Stock Price CDN$
Median 10, 5 Yrs #REF! P/E:  #REF! #REF! #NUM! <-IRR #YR-> -1 Price & Dividend CDN$
This is true return as it includes Preferred shares
Only applies to shareholders $0.00 $0.00 $0.00 #REF!
of 2008 $0.00 $0.00 $0.00 #REF!
#REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF!
Div on Pref US$ $1.75 $1.75 $1.75 $25.00
Div on stock* US$ #REF! #REF! #REF! Divided by Factor
Pre-split 15 $1.74 $1.79 $1.74 $26.59
Div on Pref CND$ $0.88 $0.91 $0.88 $13.47 Factor =  5.000 Dividends CDN$
Div on stock* CDN$ #REF! #REF! #REF! #REF! #DIV/0! <-Total Growth 0 Dividends CDN$
Increase #REF! #REF! #REF! #REF! Factor is number of Pref shares per stock
Yield H/L Price #REF! #REF! #REF! #REF! #REF! <-Median-> 0 Dividends CDN$
Yield on Close Price #REF! #REF! #REF! #REF! #REF! <-Median-> 0 Dividends CDN$
Payout Ratio #REF! #REF! #REF! #REF! #REF! <-Median-> 0 DPR EPS CDN$
Payout Ratio CF #REF! #REF! #REF! #REF! #REF! <-Median-> 0 DPR CF CDN$
Payout Ratio CF NC #REF! #REF! #REF! #REF! #REF! <-Median-> 0 DPR CF NC CDN$
Median 5 Yrs #REF! #REF! #REF!
* Dividends per share equivalent for stock, CDN$ (paid in US$ so dividend fluctuates). $0.44 $0.44 0.0%
Pre-split 15 $24.65 $24.76 $25.00
Price Close Pref Shares $12.49 $12.55 $12.67 $0.00 11.76% <-Total Growth 7 Stock Price
Div Yield 7.08% 7.22% 6.98% #DIV/0! 1.87% <-IRR #YR-> 6 Stock Price CDN$
Price H/L Median $11.69 $12.76 $25.00 $0.00 5.92% <-IRR #YR-> 5 Stock Price CDN$
9.15% <-IRR #YR-> 6 Price & Div  CDN$
Pre-split 15 $25.45 $25.88 $25.00 14.79% <-IRR #YR-> 5 Price & Div  CDN$
Price High $12.90 $13.11 $12.67 $0.00
Pre-split 15 $20.70 $24.50 $25.00
Price Low $10.49 $12.41 $12.67 $0.00
Price Close Pref Distributed #REF! #REF! #REF! #REF!
Pref. Shares and Yield 7.22%
$0.00 $0.00 $12.67
$0.00 $0.00 $12.67
$0.88 $0.91 $13.55
$0.88 $0.91 $13.55
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
April 21, 2015.  Close of business on May 29, 2015 split effective June 1, 2015 company split into two companies of FirstService  Corp and Colliers.  
First Service Corp will be renamed Collier International Group Inc. (CIG) and First Service's Residential Real Estate Services and Property Serivices will be spun out into a new Company of First Service Corp. (FSV)
Notes:
November 11, 2023.  Last estimates were for 2022, 2023 and 2024 of $3703M, $3977M and $4108M US$ for Revenue, $4.20, $4.75 and $5.00 US$ for AEPS, $2.64, $3.20 and $3.70 US$ for EPS, 
$0.87, $0.94 and $1.25 US$ for Dividends, $159M, $200M 2022/3 US$ for FCF, $5.51, $6.37 and $6.63 US$ for CFPS, $22.60, $24.10 and $25.90 US$ for BVPS, and $117M, $142M and $163M US$ for Net Income.
November 20, 2021.  Last estimates were for 2020, 2021 and 2022 of $2718M, $2932M and $3127M US$ for Revenue, $1.93, $2.21 and 2.53 US$ for EPS, 
$0.66, $0.73 and $0.80 US$ for Dividends, $163M, $136M and $160M US$ for FCF, $4.80 and $5.24 US$ for 2020-21 for CFPS and $83.5M , $96.5M and $110M US$ for Net Income.
December 6, 2020.  Last estimates were for 2019, and 2020  of $2400M and $2800M US$ for Revenue, $3.10, $3.36 and $3.79 US$ for EPS for 2019 to 2021, 
$4.21 US$ for CFPS for 2019 and $81.60M US$ for Net Income for 2019.
December 10, 2019.  Last estimates were for 2018, 2019 and 2020 of $2493M, $2716M and $2923M for Revenue CDN$, $2.54, $2.97 and $3.91 EPS CDN$, 
$5.29 and $5.57 for CFPS for 2018 and 2019 CDN$ and $90.1M, $108M and $143M for Net Income CDN$.
December 15, 2018.  Last estimates were for 2017, 2018 and 2019 of $2155M, $2327M and $2527M for Revenue , $1.84, $2.24 and $2.63 for EPS ,
 $3.86, $4.40 and $4.91 CFPS, $66.9M, $76.2M and $70.3M for Net Income all in CDN$.
December 16, 2017.  Last estimates were for 2016 and 2017 of $1466M and $1612M US$ for Revenue, $1.56, $1.80 and $2.11 US$ for EPS for 2016 to 2018, $2.37 and $2.95 for CFPS US$.
December 18, 2016.  Last estimates were for 2015, 2016 and 2017 of $1300M, $1400M and $1418M for Revenue US$, $1.20, $1.39 and $1.66 EPS US$, 
$2.37. $2.82 and $2.95 for CFPS US$ and $33.7M, $46.2M and $58.7M for Net Income US$
December 20, 2015.  Last estimates were for 2014, 2015 and 2016 of $2651M, $2902M and $3118M US$ for Revenue, Adjusted EPS of $2.55, $3.00 and $3.32 US$, 
EPS of $0.81, $1.02 and $1.20 US$, $ 4.16, $5.29 and $5.62 CFPS US$ and $29.9M, $40.9M and $58.1M for Net Income US$.
In June 2015, FirstSerice Corp annouced that the company was splitting into two companies, FirstSerice Corp and Colliers International with Symbol of TSX-CIGI and Nasdaq-CIGI.
December 13, 2014.  Last estimates were for 2013, 2014 and 2015 of $2367M, $2516M and $2587M US$ For Revenue, $1.88, $2.19 and $2.01 Adj EPS US$, $0.17 
and $0.60 EPS US$ fpr 2013 and 2014, $4.22, $5.70 and $4.61 CPFS US$.
Dec 8, 2013.  Last estimates were for 2012 and 2013 of $2289M and $2416M US$, Adj. EPS of $1.72 and $2.001 US$.
Dec 7, 2012.  Last estimates I got were for 2011 and 2012 at $2234M amd 2364M US$ for Revenue, Adjusted EPS $1.86 and $2.19US$ and $3.16 and $4.26 CFPS US$.
Dec 9, 2011.  Last estimates I got for 2010 and 2011 were EPS of $1.81 and $2.00US$.
Mar 2010 AR Dec 2009.  They provide an adjusted EPS of $1.42 US$.  This is earnings from continuing business.  Cannot figures out Book Value properly.
Mar 2009 AR Dec 2008.  I have an estimate of 1.08, but EPS came in at $1.41. I used 12 mths to Dec 08 figures from Globeinvestor, not annual report, which was for 9 mths.
AR Dec 2008.  The annual report date was changed but report just had 9 mths figures to Dec 2008.  I determined a last 12 month figure by using 9th figures plus Mar 2008 figure.  In some places I had to used
 Dec 2007  9 mth figure compared to March 2008 12 mth figure to get to the March 2008 Q figure.  I wanted a 12 mth figure.
May 2008.  I was looking at this as it has come down a lot over the last few months.  There is lots of insider buying.  Also, the company has instituted rebuying shares.  Has the market overreacted?
This is very possible.  The loss in EPS does not seem to call for such a large drop in price from $40 a share in July 2007 to $15 today. Or, is something else happening?  Does the market know 
something I cannot see? Usually heavy buying by a company and it excutives is a good sign.  I will hold for now. Also, even though the company said with the 2008 annual report that they would not be buying 
their stock, they have started to do so.  They stock has come down quite a bit from the time of the 2008 report.
AR2008.  Negative that they keep changing the value for Revenue.  They operate world wide, and US values are better than CDN, as our currency has increased a lot lately.
They have been hit by the problems in US, but TD feels that next year will be better.  They like their long term propects and have an action buy on this stock currently. I will hold for now.
2007.  This company has given out preferred shares, so now I get a dividend.
AR2006.  I haven't done well on this stock to date, but stock seems to have done well.
AR2005.  I haven't made much money on this stock IRR of 8.15, but I bought it at P/E of 21.4  Stock is back to where I bought it, basically, so no wonder I have made little money on it.  Paid too much. 
AP 2004.  Got it for a core stock.  Would be better if it had a dividend.  It is doing OK. 
Looks like a good company to buy.  The price is not unreasonable considering what the increase in EPS is.
1993.  IPO on Toronto Stock Exchange\
1989.  Founded by Jay S. Hennick
FSV.DB.U - Convertible Debentures
FSV.PR.U is Preferred Shares
Sector:
Real Estate
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I used to own this stock.
Why I bought and sold this stock.
I bought FirstService Corp in 2002 as it a good solid company that knows how to make money.  At that time I was still buying companies to earn capital gains. This one replaces Inco (which I had brought for CG and sold when I made them.)
I bought more of this company in 2007 from my profit from RIM. FSV was a non-dividend paying stock, but it had issued preferred shares to shareholders.
Their way of paying dividends by issuing preferred shares was interesting.  However, only if you held shares at the time of the special dividend of preferred shares would you get any dividends.
I bought FirstService Corp in 2002 as it looked like a good solid company that knows how to make money.
By 2010 the company was underperforming so I sold the stock and kept the preferred shares until the end of the year before selling them too.  Preferred shares are not by favorite why of getting dividends.
I sold my shares in 2010 when cleaning up by portfolio.  I sold this company because it was such a small amount of my portfolio.
Dividends
Cycle1 dividends being paid in January, April, July and October.  They are declared in one month and payable in the following month. 
On May29, 2013, the company started paying dividends with the initial dividend being paid on July 10 2013 to shareholders of record of June 28, 2013.
On August 1, 2007, the Company issued a stock dividend in the form of 7% Cumulative Preference Shares, Series 1 (the “Preferred Shares”) to holders of Subordinate Voting Shares and Multiple Voting Shares.
One Preferred Share was issued for every five outstanding Common Shares. Each Preferred Share has a stated amount of $25.00. Preferred dividends are payable quarterly on or about the last day of each quarter. 
The Preferred Shares are redeemable for cash or convertible into Subordinate Voting Shares at the option of the Company at any time. 
On May 3, 2013, the Company eliminated all of its outstanding Preferred Shares, redeeming 30% for cash consideration of $39,232 and converting the remaining Preferred Shares into Subordinate Voting Shares. 
The Preferred Shares were converted to Subordinate Voting Shares based on 95% of the weighted average trading price of the Subordinate Voting Shares on the NASDAQ stock market for the 20 trading days ended April 29, 2013 
(such weighted average trading price being $33.34). As a result, 2,889,900 new Subordinate Voting Shares were issued from treasury.
How they make their money
FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. The company earns the majority of its revenue in the 
United States, with the remaining revenue generated in Canada
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2015 Dec 18 2016 Dec 16 2015 Dec 15 2018 Dec 10 2019 Dec 6 2020 Nov 2021 Nov 2021 Nov 11 2023
Patterson, D. Scott 1.96% 0.765 2.14% 0.825 2.30% 0.885 2.46% 1.005 2.42% 1.005 2.31% 1.130 2.57% 1.205 2.73% 1.205 2.73% was officer in 2014 0.00%
CEO - Shares - Amount $39.424 $48.778 $72.565 $82.940 $121.526 $175.137 $280.983 $199.844 $255.745
Options - percentage 0.83% 0.365 1.02% 0.430 1.20% 0.495 1.38% 0.500 1.20% 0.625 1.43% 0.650 1.48% 0.625 1.41% 0.600 1.36% -4.00%
Options - amount $16.770 $23.265 $37.810 $46.377 $60.445 $108.888 $161.590 $103.631 $127.314
Rakusin, Jeremy 0.00% 0.001 0.00% 0.031 0.09% 0.071 0.20% 0.124 0.30% 0.170 0.39% 0.199 0.45% 0.193 0.44% 0.206 0.47% 6.79%
CFO - Shares - Amount $0.034 $0.038 $2.691 $6.615 $14.942 $29.617 $49.372 $32.001 $43.732
Options - percentage 0.42% 0.200 0.56% 0.230 0.64% 0.250 0.69% 0.257 0.62% 0.245 0.56% 0.254 0.58% 0.318 0.72% 0.324 0.73% 1.82%
Options - amount $8.385 $12.748 $20.224 $23.423 $31.069 $42.684 $63.095 $52.728 $68.707
Friedrichsen, John
CFO - Shares - Amount
Options - percentage
Options - amount
Cooke, Douglas G. 0.188 0.52% 0.196 0.54% 0.209 0.58% 0.208 0.50% 0.240 0.55% 0.260 0.59% 0.257 0.58% 0.261 0.59% 1.75%
Officer - Shares - Amount 0 $11.990 $17.200 $19.606 $25.134 $41.885 $64.565 $42.582 $55.448
Options - percentage 0.000 0.00% 0.130 0.36% 0.154 0.43% 0.173 0.42% 0.156 0.36% 0.162 0.37% 0.212 0.48% 0.225 0.51% 5.89%
Options - amount $0.000 $11.431 $14.405 $20.854 $27.178 $40.348 $35.201 $47.700
Nguyen, Alex 0.070 0.16% 0.070 0.16% 0.72%
Officer - Shares - Amount $11.524 $14.853
Options - percentage 0.212 0.48% 0.225 0.51% 5.89%
Options - amount $35.168 $47.658
Ghert, Bernard I. 0.040 0.09% 0.044 0.10% -100.00%
Director - Shares - Amount $9.978 $7.235
Options - percentage 0.044 0.10% 0.046 0.10% -100.00%
Options - amount $10.938 $7.627
Calder, Brendan 0.09% 0.019 0.05% 0.018 0.05% 0.005 0.01% 0.003 0.01% 0.006 0.01% 0.003 0.01% Ceased insider Apr 2022
Director - Shares - Amount $1.809 $1.213 $1.564 $0.476 $0.397 $1.094 $0.868
Options - percentage 4.66% 0.013 0.04% 0.016 0.04% 0.018 0.05% 0.020 0.05% 0.021 0.05% 0.236 0.54%
Options - amount $93.521 $0.829 $1.407 $1.724 $2.418 $3.624 $58.670
Beatty, David
Director - Shares - Amount
Options - percentage
Options - amount
Bissada, Yousry 0.001 0.00% 0.001 0.00% 0.00%
Director - Shares - Amount $0.091 $0.117
Options - percentage 0.010 0.02% 0.010 0.02% 0.00%
Options - amount $1.658 $2.122
Grimshaw, Steven 0.002 0.00% 0.002 0.00% 0.00%
Director - Shares - Amount $0.255 $0.327
Options - percentage 0.018 0.04% 0.028 0.06% 55.56%
Options - amount $2.985 $5.941
Hennick, Jay Steward 6.33% 2.273 6.34% 2.273 6.33% 1.523 4.23% 5.767 13.90% 4.943 11.34% 3.994 9.07% 3.694 8.35% 3.419 7.73% S was CEO in 2014 -7.46%
Chairman - Subordinate Shares $127.090 $144.851 $199.823 $142.674 $697.182 $861.208 $992.903 $612.499 $725.376 S
Multiple Voting Shares 100.00% 1.326 100.00% 1.326 100.00% 1.326 100.00% 0.000 #DIV/0! #DIV/0!
Chairman - Shares - Amount $74.11 $84.50 $116.57 $124.20 $0.00
Preferred Shares #DIV/0!
Chairman - Shares - Amount
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Increase in O/S Shares 1.62% 0.480 1.34% 0.133 0.37% 0.345 0.96% 0.194 0.54% 0.432 1.04% 0.294 0.68% 0.425 0.97% 0.213 0.48%
due to SO $16.765 $26.832 $8.477 $30.349 $18.185 $52.231 $51.262 $105.774 $35.394
Book Value $14.419 $7.524 $3.032 $6.666 $5.479 $13.481 $14.596 $27.396 $15.601
Insider Buying $0.000 -$0.099 $0.000 -$0.057 -$0.054 -$37.230 -$0.486 -$0.606 -$190.200
Insider Selling $1.964 $0.597 $0.467 $69.995 $4.463 $164.608 $242.329 $66.518 $105.994 Since May 2015
Net Insider Selling $1.964 $0.498 $0.467 $69.938 $4.408 $127.378 $241.843 $65.912 -$84.206
% of Market Cap 0.10% 0.02% 0.01% 2.07% 0.09% 1.68% 2.21% 0.90% -0.90%
Directors 7 7 8 8 8 8 9 8
Women 14% 1 14% 1 14% 2 25% 2 25% 2 25% 2 25% 3 33% 3 38%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 1 11% 1 13%
Institutions/Holdings 63.75% 169 67.76% 183 68.50% 211 68.50% 20 94.22% 20 65.28% 20 69.73% 20 60.77%
Total Shares Held 61.46% 23.487 65.53% 23.685 65.95% 26.768 74.40% 41.050 94.18% 28.641 65.07% 30.816 69.68% 27.111 61.30%
Increase/Decrease 1.63% 1.598 7.30% -1.482 -5.89% 1.336 5.25% 13.648 49.80% 0.294 1.04% -1.093 -3.42% -1.328 -4.67%
Starting No. of Shares 21.889 25.167 25.432 27.403 Top 20 MS 28.347 Top 20 MS 31.909 Top 20 MS 28.439 Top 20 MS
Dates
Proof for 5.0 factor
20 shares for each 100
Dealing with separation    
of FSV and CIG Year end   TD US$ Yahoo US$
29 May 2015  2014 US$   2010 $30.18 $17.58 $30.18 $17.35
Is a Friday   -41.75% -42.5116%
 
1 June 2015 is a Monday,. Lowest  Jan 2011 $26.49 $15.77 $26.49 $15.23
 2014 US$   -40.47% -42.5066%
 
Highest    2012 $28.26 $18.60 $28.23 $16.23
 2014 US$ Dec -34.18% -42.5080%
 
Highest  Feb 2013 $43.05 $28.36 $43.05 $24.95
 2015 US$   -34.12% -42.0441%
   
$1,890.447    
$1,040.619 55.05% CIG
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