Company Valuation: Constellation Software Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 27,490 39,301 33,100 52,717 65,466 38,562 38,562 -
Change - 42.96% -15.78% 59.27% 24.18% -41.1% 0% -
Enterprise Value (EV) 1 27,457 39,925 34,576 54,767 67,652 40,340 39,873 39,029
Change - 45.41% -13.4% 58.4% 23.53% -40.37% -1.16% -2.12%
P/E ratio 63x 127x 64.6x 93.3x 89.6x 55.3x 31.7x 26.1x
PBR - - - - 23.4x 10.1x 7.69x 5.93x
PEG - -4.4x 1x 9.1x 3.1x -12.16x 0.4x 1.2x
Capitalization / Revenue 6.93x 7.7x 5x 6.27x 6.5x 3.32x 2.85x 2.45x
EV / Revenue 6.92x 7.82x 5.22x 6.51x 6.72x 3.48x 2.95x 2.48x
EV / EBITDA 22.3x 26.4x 20.3x 24.8x 25.1x 12.3x 10.3x 8.62x
EV / EBIT 38x 45.7x 39.2x 46.1x 46.2x 21.6x 18.8x 16.2x
EV / FCF 23.6x 31.4x 27.5x 31.5x 31.8x 15.9x 13.1x 11x
FCF Yield 4.23% 3.18% 3.63% 3.17% 3.15% 6.29% 7.65% 9.13%
Dividend per Share 2 4 4 - - 4 4.016 4.005 4.005
Rate of return 0.31% 0.22% - - 0.13% 0.22% 0.22% 0.22%
EPS 2 20.59 14.65 24.18 26.67 34.48 32.91 57.41 69.67
Distribution rate 19.4% 27.3% - - 11.6% 12.2% 6.98% 5.75%
Net sales 1 3,969 5,106 6,622 8,407 10,066 11,599 13,525 15,768
EBITDA 1 1,231 1,512 1,701 2,209 2,690 3,290 3,887 4,528
EBIT 1 723 873 882 1,188 1,464 1,866 2,116 2,412
Net income 1 436 310 512 565 731 700.9 1,229 1,487
Net Debt 1 -33 624 1,476 2,050 2,186 1,778 1,311 466.9
Reference price 2 1,297.22 1,854.57 1,561.94 2,487.65 3,089.23 1,819.68 1,819.68 1,819.68
Nbr of stocks (in thousands) 21,192 21,192 21,192 21,192 21,192 21,192 21,192 -
Announcement Date 2/12/21 2/10/22 3/29/23 3/6/24 3/7/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.29x3.48x12.26x0.22% 38.56B
27.57x8.36x15.76x1.21% 450B
28.98x5.4x17.39x1.4% 242B
45.68x6.12x17.14x-.--% 109B
92.03x - - - 46B
38.86x14.42x23.41x-.--% 32.56B
53.87x2.46x24.28x-.--% 16.85B
37.16x4.71x16.34x - 15.92B
408.02x3.38x15x-.--% 12.11B
-96.65x6.21x19.54x-.--% 11.18B
Average 69.08x 6.06x 17.90x 0.35% 97.43B
Weighted average by Cap. 38.37x 7.07x 16.67x 0.98%

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

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  4. Valuation Constellation Software Inc.