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Fiera Capital Corporation (FSZ) Fair Value & Analysis

Financial Services · CA · Market cap C$570M

FC Fiera Capital Corporation FSZ · TO
PriceC$5.15
Fair ValueC$4.22
Upside-18.1%
Quality95/100
Evidence: High Range C$3.17 – C$5.28

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from C$6.32 to C$4.22 (−33.2%) since Jun 24, 2026. Share price −3.3% over the past month.

Price vs Fair Value (12 months)

C$6.46 C$4.93 Fair Value C$4.22 Jun 2025 Jun 2026

12‑month range C$4.93 – C$6.46 · fair‑value band C$3.17 – C$5.28 · the C$5.15 price screens above the C$4.22 fair value. As of Jun 26, 2026.

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Analysis

Fiera Capital Corporation (FSZ) currently trades at C$5.15, while our model-based Fair Value estimate is C$4.22 — implying the stock looks roughly 18.1% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Fiera Capital Corporation generated revenue of C$663M at a net margin of 3.0%. Revenue declined 5.9% year over year. It earns a return on equity of 12.0%. Net debt stands at C$774M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) C$663M
Revenue growth (YoY) -5.9%
Net margin 3.0%
Return on equity 12.0%
Free cash flow C$93.4M FY2025
P/E ratio 28.2
More key figures
Operating margin 18.3%
EPS (TTM) C$0.1900
Dividend yield 8.1%
EPS growth (YoY) -84.5%
Net debt C$774M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Fiera Capital Corporation is an publicly owned investment manager. The firm primarily provides its services to institutional investors, financial intermediaries, high net worth individuals, family offices, foundations, and endowments. The firm manages separate client-focused mutual funds, pooled funds, and alternative investment vehicles. The firm invests in equities, fixed income, balanced, alternative investments, and private markets. The firm employs fundamental and quantitative analysis to make its investments. The firm uses both in-house and external research to complement its investment process. It was founded in 2003 and is based in Montreal, Quebec.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fiera Capital Corporation reported revenue of C$655M in FY2025 versus C$738M in FY2021, a compound −2.9%/yr. Reported net income was C$39.0M in FY2025, compounding −14.6%/yr from FY2021.

Revenue −2.9%/yr
FY21 C$738M
FY22 C$665M
FY23 C$676M
FY24 C$676M
FY25 C$655M
Net income −14.6%/yr
FY21 C$73.5M
FY22 C$25.4M
FY23 C$58.5M
FY24 C$25.0M
FY25 C$39.0M

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Frequently asked questions

Is Fiera Capital Corporation (FSZ) undervalued?
As of Jun 26, 2026, our model estimates a fair value of C$4.22 versus a price of C$5.15 — about −18% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FSZ?
Our 21-model fair value for Fiera Capital Corporation is C$4.22 (as of Jun 26, 2026), built from audited fundamentals. The current price is C$5.15.
What is the quality score of FSZ?
Fiera Capital Corporation has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Fiera Capital Corporation (FSZ)?
Fiera Capital Corporation reported trailing-twelve-month revenue of about C$663M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of FSZ?
The net profit margin of Fiera Capital Corporation is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does Fiera Capital Corporation pay a dividend?
Fiera Capital Corporation currently shows a dividend yield of about 8.12% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.