Company Valuation: CAE Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 10,502 10,315 9,714 8,903 11,314 13,984 - -
Change - -1.79% -5.83% -8.35% 27.08% 23.6% - -
Enterprise Value (EV) 1 11,928 13,015 12,746 11,817 14,491 16,814 16,274 15,893
Change - 9.11% -2.06% -7.29% 22.63% 16.03% -3.21% -2.35%
P/E ratio -211x 72.3x 43.7x -29.4x 27.9x 36.1x 28.3x 24.6x
PBR 3.27x 2.54x 2.16x 2.11x 2.27x 2.6x 2.38x 2.19x
PEG - -0x 0.8x 0x -0x -6.95x 1x 1.7x
Capitalization / Revenue 3.52x 3.06x 2.31x 2.08x 2.4x 2.82x 2.68x 2.53x
EV / Revenue 4x 3.86x 3.03x 2.76x 3.08x 3.39x 3.11x 2.88x
EV / EBITDA 25.2x 17.2x 14.3x 11.7x 12.6x 14x 12.4x 11.2x
EV / EBIT 246x 29.3x 23.3x 18.5x 19.8x 22.4x 19.2x 17x
EV / FCF 46.1x 89.1x 91.3x 49.8x 17.8x 37.9x 28.2x 24.2x
FCF Yield 2.17% 1.12% 1.1% 2.01% 5.62% 2.64% 3.55% 4.13%
Dividend per Share 2 - - - - - - 0.2233 0.2567
Rate of return - - - - - - 0.51% 0.59%
EPS 2 -0.17 0.45 0.7 -0.95 1.27 1.204 1.536 1.765
Distribution rate - - - - - - 14.5% 14.5%
Net sales 1 2,982 3,371 4,203 4,283 4,708 4,966 5,228 5,522
EBITDA 1 472.7 755 890.3 1,009 1,147 1,204 1,314 1,423
EBIT 1 48.4 444.5 548.1 640 732 751.1 849.6 935.9
Net income 1 -47.2 141.7 222.7 -304 405.3 392.9 500.5 572
Net Debt 1 1,425 2,700 3,032 2,914 3,177 2,830 2,290 1,908
Reference price 2 35.81 32.54 30.56 27.97 35.38 43.49 43.49 43.49
Nbr of stocks (in thousands) 293,275 316,984 317,860 318,306 319,794 321,548 - -
Announcement Date 5/19/21 5/31/22 5/31/23 5/27/24 5/13/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.12x3.39x13.97x-.--% 10.3B
39.79x7.08x29.12x0.56% 332B
34.74x3.1x18.49x1.46% 263B
21.18x5.32x25.23x0.73% 146B
25.05x2.47x17.49x1.4% 99.06B
22.13x1.85x15.31x1.77% 97.22B
73.51x7.49x31.65x0.67% 90.05B
27.89x2.1x15.17x1.83% 79.05B
36.46x3.46x19.38x1.37% 65.58B
46.13x2.56x16.41x0.33% 42.12B
Average 36.30x 3.88x 20.22x 1.01% 122.46B
Weighted average by Cap. 35.62x 4.56x 22.53x 1.06%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield