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Fiera Capital Corporation (T:FSZ)

Business Focus: Investment Management & Fund Operators (NEC)

Sector:  Financials Industry:  Investment Management & Fund Operators
 
Company Contact
Address: 1981 McGill College Avenue, Suite 1500
MONTREAL QC H3A 0H5
Tel: N/A
Website: https://www.fieracapital.com
IR: See website
Key People
Jean-Guy Desjardins
Chairman of the Board
Jean Michel
Chief Investment Officer - Public Markets
Maxime Menard
President, Chief Executive Officer
Lucas Pontillo
Global Chief Financial Officer, Executive Director
Peter Stock
Executive Director, President of Fiera Private Wealth
Peter Stock
President of Fiera Private President, Executive Director
John Valentini
Executive Director, President and Chief Executive Officer of Fiera Private Markets
Sebastian Blandizzi
Global Chief Technology and Operations Officer
Lyne Lamothe
Global Chief Human Resources Officer
Michael Quigley
Executive Vice President, Head of Global Private Wealth
   
Business Overview
Fiera Capital Corporation is a Canada-based independent asset management company. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and Asia. It offers a range of traditional and non-traditional investment strategies through specialized and balanced mandates. It works with endowments, foundations, corporations, private and public funds and Taft-Hartley plans. Its institutional solutions include fixed income, equity and non-traditional. Its fixed income solutions include Canadian Active, Canadian Credit, Core Plus, Infrastructure Debt and North American High Yield. The Company's portfolio managers work directly with clients and their financial intermediaries, attorneys and accountants to design custom portfolios. Its private markets solution categories include real estate, infrastructure, agriculture, private equity and private credit.
Financial Overview
For the fiscal year ended 31 December 2023, Fiera Capital Corp revenues increased 2% to C$675.5M. Net income increased from C$25.4M to C$58.5M. Revenues reflect Canada segment increase of 4% to C$430.5M. Net income benefited from Foreign Exchange Gain/LossNon-Business increase from C$28.4M (expense) to C$9.2M (income), Salaries, wages and employee benefits decrease of 6% to C$271M (expense). Dividend per share decreased from C$0.86 to C$0.65.
Employees: 842 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,261M as of Dec 31, 2023
Annual revenue (TTM): $675.53M as of Dec 31, 2023
EBITDA (TTM): $185.82M as of Dec 31, 2023
Net annual income (TTM): $58.45M as of Dec 31, 2023
Free cash flow (TTM): $45.66M as of Dec 31, 2023
Net Debt Last Fiscal Year: $657.32M as of Dec 31, 2023
Shares outstanding: 105,862,789 as of Apr 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization