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Fiera Capital Corporation (FSZ.TO)

CAD5.34 +0.07 (+1.33%)
CA TSX Financial Services Investment - Banking & Investment Services
Address 1981 McGill College Avenue H3A 0H5
Montreal, QC, CA
CEO Gabriel Castiglio
IPO 2004-05-07
ISIN CA31660A1030

Explore sections of this company profile

Also trades on Other OTC · FRRPF (USD) Toronto Stock Exchange · FSZ.TO (CAD)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD5.34 +0.07 (+1.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
245.2K
Beta
0.86
Float Shares
81.86M
Free Float %
76.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.75% -2.09% +3.49% -1.23% -10.21% -9.19% -3.92% -20.03% -45.92% -55.88% -27.35%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (4 ratings, all time) Hold
Price Targets & DCF
Current price
5.34
DCF (Unlevered) 16.52 +209.4%
DCF (Levered) 17.73 +232.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.39
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Investment - Banking & Investment Services: +23.9%
    -3.1% Q1'26: +0.5% (vs Q1'25)
  • EPS growth Investment - Banking & Investment Services: +31.6%
    +30.4% Q1'26: -84.1% (vs Q1'25)
  • FCF margin FCF growth · Investment - Banking & Investment Services: +22.1%
    +9.3% Q1'26: -14.2% (vs Q1'25)
  • EBIT margin Investment - Banking & Investment Services: +33.7%
    +17.0% Q1'26: +12.5% (vs Q1'25)
  • ROIC Investment - Banking & Investment Services: +2.7%
    +8.1% Q1'26: +4.8% (vs Q1'25)
  • Share dilution Investment - Banking & Investment Services: +0.1%
    +17.7% Q1'26: -20.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Investment - Banking & Investment Services: -0.48×
    5.15× Q1'26: 6.54× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.86) × ERP
WACC = 47% × Ke + 53% × Kd (5.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 16.52 Current price: 5.34
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
3 EPS Ana.
Dec 2027
5 Rev. Ana.
5 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
92.26M
est: 113.72M (-18.9%)
153.73M
est: 148.56M (+3.5%)
222.36M
est: 224.96M (-1.2%)
258.42M
est: 257.39M (+0.4%)
344.14M
est: 316.67M (+8.7%)
459.10M
est: 445.98M (+2.9%)
540.29M
est: 529.35M (+2.1%)
651.12M
est: 647.89M (+0.5%)
689.48M
est: 694.36M (-0.7%)
737.85M
est: 707.13M (+4.3%)
664.89M
est: 674.97M (-1.5%)
675.53M
est: 702.61M (-3.9%)
676.20M
est: 714.61M (-5.4%)
655.16M
est: 681.79M (-3.9%)
678.63M
670.28M – 685.96M
-0.5% YoY
705.45M
688.64M – 720.19M
+4.0% YoY
729.10M
722.80M – 735.40M
+3.4% YoY
EBITDA
30.29M
est: 26.70M (+13.5%)
49.35M
est: 19.99M (+146.9%)
64.16M
est: 56.48M (+13.6%)
70.44M
est: 40.77M (+72.8%)
79.60M
est: 69.14M (+15.1%)
76.28M
est: 109.01M (-30.0%)
65.82M
est: 58.08M (+13.3%)
113.07M
est: -9.63M (+1,274.5%)
130.09M
est: 14.93M (+771.1%)
201.56M
est: 16.21M (+1,143.6%)
139.49M
est: 17.16M (+712.9%)
189.96M
est: 172.51M (+10.1%)
149.50M
est: 176.28M (-15.2%)
158.78M
est: 167.40M (-5.1%)
166.62M
164.57M – 168.42M
-0.5% YoY
173.20M
169.08M – 176.82M
+4.0% YoY
179.01M
177.46M – 180.56M
+3.4% YoY
EBIT
19.09M
est: 16.47M (+15.9%)
28.93M
est: 13.06M (+121.4%)
36.73M
est: 41.49M (-11.5%)
41.29M
est: 32.42M (+27.4%)
33.47M
est: 48.82M (-31.4%)
31.36M
est: 22.43M (+39.8%)
16.77M
est: 39.07M (-57.1%)
34.96M
est: 54.54M (-35.9%)
47.95M
est: 64.74M (-25.9%)
133.94M
est: 70.26M (+90.6%)
81.86M
est: 74.39M (+10.1%)
136.02M
est: 119.44M (+13.9%)
100.40M
est: 122.06M (-17.7%)
111.19M
est: 115.90M (-4.1%)
115.36M
113.94M – 116.61M
-0.5% YoY
119.92M
117.06M – 122.43M
+4.0% YoY
123.94M
122.87M – 125.01M
+3.4% YoY
Net Income
2.42M
est: 56.64M (-95.7%)
14.94M
est: 3.92M (+281.2%)
27.49M
est: 22.56M (+21.8%)
27.63M
est: 31.87M (-13.3%)
20.78M
est: 33.96M (-38.8%)
10.67M
est: 29.29M (-63.6%)
-5.01M
est: 12.65M (-139.6%)
-13.42M
est: -6.13M (-118.9%)
-3.38M
est: -14.35M (+76.5%)
73.53M
est: -15.58M (+572.0%)
25.35M
est: 19.14M (+32.4%)
58.45M
est: 76.28M (-23.4%)
24.99M
est: 140.47M (-82.2%)
39.05M
est: 119.49M (-67.3%)
116.67M
116.06M – 117.29M
-2.4% YoY
124.36M
114.11M – 134.62M
+6.6% YoY
134.62M
132.47M – 136.51M
+8.2% YoY
SGA
59.39M
est: 37.83M (+57.0%)
25.95M
est: 99.54M (-73.9%)
37.68M
est: 147.19M (-74.4%)
45.66M
est: 175.13M (-73.9%)
57.47M
est: 224.31M (-74.4%)
82.54M
est: 355.37M (-76.8%)
98.31M
est: 427.55M (-77.0%)
107.03M
est: 523.05M (-79.5%)
154.24M
est: 522.53M (-70.5%)
182.62M
est: 567.11M (-67.8%)
270.63M
est: 600.41M (-54.9%)
261.66M
est: 202.32M (+29.3%)
269.04M
est: 205.77M (+30.7%)
est: 196.32M (-100.0%)
195.41M
193.01M – 197.52M
-0.5% YoY
203.13M
198.29M – 207.38M
+4.0% YoY
209.94M
208.13M – 211.76M
+3.4% YoY
EPS
0.05
est: 0.52 (-90.8%)
0.26
est: 0.64 (-59.4%)
0.40
est: 0.91 (-56.0%)
0.40
est: 0.91 (-55.9%)
0.27
est: 1.16 (-76.7%)
0.13
est: 1.14 (-88.6%)
-0.05
est: 1.03 (-105.2%)
-0.14
est: 1.33 (-110.5%)
-0.03
est: 1.32 (-102.3%)
0.71
est: 1.44 (-50.5%)
0.25
est: 1.18 (-78.9%)
0.56
est: 0.60 (-6.0%)
0.23
est: 1.10 (-79.0%)
0.36
est: 0.94 (-61.6%)
0.91
0.91 – 0.91
-3.0% YoY
0.98
0.89 – 1.05
+7.7% YoY
1.05
1.03 – 1.06
+7.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-05-07 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-05-06 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-05-05 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-05-04 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-05-01 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-30 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-29 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-28 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-27 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-24 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-23 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-22 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-21 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-20 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-17 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-16 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
63.18M
OE per share TTM
0.53
Owner's Yield
10.34%
Maintenance CapEx ratio
40.50%
Maint CapEx / Avg PPE
13.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 22 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX SmallCap Index ETF XCS.TO 0.15% 257.9K 0.60%
2 State Street SPDR S&P International Small Cap ETF GWX 0.03% 251.4K 0.40%
3 iShares ESG Advanced MSCI Canada Index ETF XCSR.TO 0.02% 63.7K 0.17%
4 Dimensional - International Vector Equity ETF DXIV 0.01% 19.4K 0.53%
5 TD Canadian Equity Index ETF TTP.TO 0.01% 445.1K 0.05%
6 Desjardins RI Canada - Net-Zero Emissions Pathway ETF DRMC.TO 0.01% 6.7K 0.15%
7 Avantis International Small Cap Equity ETF AVDS 0.01% 26.9K 0.30%
8 Dimensional - International Small Cap Value ETF DISV 0.01% 377.7K 0.42%
9 Dimensional - International Small Cap ETF DFIS 0.01% 405.6K 0.39%
10 iShares ESG Equity ETF Portfolio GEQT.TO 0.01% 10.3K 0.25%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
142.5K
Shares Outstanding
106.62M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jean-Guy Desjardins Founder & Executive Chair of the Board 3M male
Paul de la Roche Head of Private Wealth Canada & Senior Investment Counsellor 2M male
Maxime Ménard Chief Executive Officer & Global President 2M male
Robert Dean Petty Executive Director & Chief Executive Officer of Fiera Asia 1M male
John Valentini Executive Director, President & Chief Executive Officer of Fiera Private Markets 1M male
Gabriel Castiglio Executive Director & Global Chief Operating Officer 1M male
Lucas Emilio Pontillo Head of Corporate Strategy, Global Chief Financial Officer & Executive Director 1M male
Yasmine Sardouk Senior Vice President of Investment Marketing & Corporate Communications female
Ciaran Henry Global Head of Investor Relations male
Yelman Siddiqi Senior VP & Chief Accounting Officer male
David Bruce Pennycook Executive Vice Chairman of Institutional Markets & Executive Vice President of Global Private Wealth male
Donald C. Conner Senior Vice President & Investment Counsellor male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits