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Fiera Capital A
(TSX:FSZ)
Fiera Capital A (FSZ) vs. iShares MSCI Canada ETF (EWC)
Fiera Capital A Business Overview & Revenue Model
Fiera Capital A Earnings Call Summary
Fiera Capital A Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 677.40M | 676.20M | 675.53M | 664.89M | 737.85M | 689.48M |
| Gross Profit | 664.79M | 430.91M | 444.04M | 425.29M | 385.53M | 340.11M |
| EBITDA | 162.94M | 149.50M | 189.96M | 139.49M | 199.00M | 130.09M |
| Net Income | 39.13M | 24.99M | 58.45M | 25.35M | 73.53M | -3.38M |
Balance Sheet | ||||||
| Total Assets | 1.27B | 1.25B | 1.29B | 1.33B | 1.47B | 1.51B |
| Cash, Cash Equivalents and Short-Term Investments | 45.57M | 44.56M | 75.22M | 68.21M | 111.98M | 72.37M |
| Total Debt | 808.39M | 768.51M | 732.54M | 746.30M | 709.54M | 767.07M |
| Total Liabilities | 972.77M | 957.75M | 960.74M | 982.45M | 1.05B | 1.04B |
| Stockholders Equity | 288.38M | 285.06M | 322.63M | 341.05M | 415.31M | 467.98M |
Cash Flow | ||||||
| Free Cash Flow | 138.52M | 130.98M | 135.12M | 108.39M | 155.15M | 133.60M |
| Operating Cash Flow | 141.77M | 134.00M | 137.97M | 113.31M | 171.29M | 145.38M |
| Investing Cash Flow | -2.10M | 9.39M | 3.29M | -6.34M | 43.55M | -13.42M |
| Financing Cash Flow | -141.11M | -175.23M | -137.30M | -148.15M | -179.35M | -159.85M |
Fiera Capital A Technical Analysis
Fiera Capital A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$829.43M | 7.89 | 9.24% | 3.80% | 16.93% | 17.52% | |
77 Outperform | C$1.10B | 9.03 | 10.05% | 1.04% | 120.44% | ― | |
72 Outperform | C$719.70M | 18.30 | 13.09% | 9.12% | 3.59% | -43.99% | |
71 Outperform | C$1.04B | 14.95 | 5.62% | 4.94% | 35.78% | -24.67% | |
71 Outperform | C$1.04B | 14.34 | 5.62% | 5.07% | 35.78% | -24.67% | |
69 Neutral | C$804.40M | 2.95 | -7.43% | ― | -8.45% | 211.31% | |
64 Neutral | $6.65B | 10.94 | 6.59% | 5.05% | 24.65% | 0.99% |
Fiera Capital A Corporate Events
Qatar Investment Authority (QIA) and Fiera Capital have launched the Fiera Qatar Equity Strategy, a USD 200 million initiative aimed at delivering superior risk-adjusted returns by investing in equities listed on the Qatar Stock Exchange. This strategy is part of QIA’s Active Asset Management Initiative and reflects its commitment to enhancing Qatar’s financial landscape by partnering with global and local asset managers. QIA acts as the anchor investor, contributing capital in cash and stock, which is expected to boost market participation and liquidity. The strategy is structured as a daily-dealing mutual strategy available to both international and local institutions seeking actively-managed exposure to Qatar’s equity market.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital has been selected by ATB Investment Management Inc. to manage the ATB US Large Cap Equity Fund, highlighting a shared commitment to disciplined, research-driven investment solutions. This partnership aims to enhance client outcomes by leveraging Fiera’s expertise and aligns with Fiera’s strategy to expand its institutional-quality investment platform in intermediary channels.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation has announced the successful issuance of an additional $10 million in senior subordinated unsecured debentures, following the exercise of an over-allotment option related to a previous public offering. The proceeds from this issuance will be used to redeem existing debentures and reduce indebtedness, which may enhance the company’s financial flexibility and market positioning.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation has been selected by Independent Advisor Solutions Inc., a subsidiary of Wellington-Altus Financial Inc., to manage its new MiBLOX strategy, Canadian High Conviction Equities. This collaboration will provide Wellington-Altus advisors and their clients access to Fiera’s Canadian Equity strategy, focusing on high-quality Canadian companies. The partnership underscores Fiera Capital’s commitment to expanding access to institutional-quality strategies through independent wealth channels, potentially enhancing its industry positioning and offering significant benefits to stakeholders.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$6.25 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation has successfully completed a $70 million public offering of 7.75% senior subordinated unsecured debentures, which will trade on the Toronto Stock Exchange. The proceeds from this offering will be used to redeem the company’s existing 8.25% debentures due in 2026 and for general corporate purposes, enhancing Fiera Capital’s financial flexibility and positioning within the industry.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation, a Montreal-based company, has announced the filing of a final short form prospectus for its $70 million public offering of 7.75% senior subordinated unsecured debentures due in 2030. This offering, expected to close around June 3, 2025, is part of Fiera Capital’s strategy to strengthen its financial position and expand its market presence. The debentures are not registered under the U.S. Securities Act, and the offering is limited to Canadian provinces, highlighting the company’s focus on the Canadian market.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation has announced the filing of a final short form prospectus for its $70 million public offering of 7.75% senior subordinated unsecured debentures, expected to close on June 3, 2025. This move is part of the company’s strategy to strengthen its financial position and enhance its market offerings, potentially impacting its operations and stakeholder interests positively.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation announced the election of its board of directors during the annual and special meeting of shareholders held on May 22, 2025. All nominees listed in the management information circular were successfully elected, with class A directors receiving a majority of votes from class A subordinate voting shareholders, and class B directors being elected unanimously by the sole holder of class B special voting shares. This election reinforces Fiera Capital’s governance structure and supports its strategic objectives in the asset management industry.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation has announced its Annual and Special Meeting of Shareholders, scheduled for May 22, 2025, in Montreal. The meeting will be held in person and is open to the public on a listen-only basis. This event is significant for stakeholders as it provides an opportunity for shareholders to engage with the company’s leadership and discuss strategic directions, potentially impacting Fiera Capital’s operations and market positioning.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation has increased its previously announced offering of 7.75% senior subordinated unsecured debentures to $70 million due to strong demand. The proceeds from this offering will be used to redeem the company’s existing 8.25% debentures due in 2026 and for general corporate purposes, reflecting a strategic move to manage its debt obligations and optimize its financial structure.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital Corporation has announced a $60 million bought deal offering of 7.75% senior subordinated unsecured debentures due June 30, 2030. The offering, led by a syndicate of underwriters, is expected to close on or about June 3, 2025. The proceeds will be used to fund the redemption of the company’s existing 8.25% debentures due December 31, 2026, and for general corporate purposes. This strategic financial move aims to optimize Fiera Capital’s debt structure by replacing higher interest debt with lower interest obligations, potentially improving the company’s financial flexibility and cost of capital.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Fiera Capital reported a decrease in Assets Under Management (AUM) by $5.5 billion or 3.3% for the first quarter of 2025, primarily due to negative net organic growth in public markets. Despite this, the company achieved positive net organic growth in its public markets excluding PineStone-related assets and increased its private markets AUM by $1.4 billion, driven by strategic acquisitions and favorable market impacts. The company has also decided to reduce its quarterly dividend to maintain financial flexibility for strategic growth initiatives and operational efficiency improvements.
Fiera Capital has announced a leadership transition with Maxime Ménard appointed as Global President and CEO, effective July 1, 2025. This change is part of the firm’s ongoing transformation into a regionally empowered organization, aiming to enhance investment capabilities and operational discipline. The leadership changes, including the appointments of Gabriel Castiglio as Global COO and Lucas Pontillo as Head of Corporate Strategy, are expected to strengthen Fiera Capital’s strategic direction and growth potential, reinforcing its commitment to delivering long-term value for clients and shareholders.
Fiera Capital announced the wind down of its Canadian Equity Small Capitalization and Canadian Equity Microcap Opportunity strategies, which together managed approximately C$1.2 billion in assets. The decision aligns with the company’s strategic goals and is not expected to significantly impact its financial standing. Fiera Capital continues to focus on high-conviction strategies and reported preliminary assets under management of approximately C$161.6 billion as of March 31, 2025.
Fiera Capital Corporation announced a decrease in its assets under management (AUM) to approximately C$161.6 billion as of March 31, 2025, down from C$167.1 billion at the end of 2024. This decline was primarily due to previously announced outflows of C$5.7 billion in equity mandates by Canoe Financial LP, which transferred to PineStone. Despite this, the company reported net organic growth in both public markets (excluding PineStone) and private markets, with the latter showing consistent growth driven by new subscriptions and acquisitions. The company’s Q1 2025 financial results will be released on May 9, 2025.