CONSTELLATION SOFTWARE INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,635 CAD | -0.55% |
|
-0.73% | +10.65% |
| Apr. 22 | RBC on Canadian Tech Calendar Q1 Preview | MT |
| Mar. 12 | Kubera Gold Corp. Completes Initial Public Offering and Listing on the TSX Venture Exchange | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,560 | 27,500 | 39,336 | 33,039 | 52,514 | 56,271 | - |
| Enterprise Value (EV) 1 | 20,739 | 27,467 | 39,960 | 34,515 | 54,564 | 58,433 | 58,736 |
| P/E ratio | 61.7 x | 63 x | 127 x | 64.5 x | 92.9 x | 78.1 x | 62.7 x |
| Yield | 2.47% | 0.31% | 0.22% | - | - | - | - |
| Capitalization / Revenue | 5.89 x | 6.93 x | 7.7 x | 4.99 x | 6.25 x | 5.57 x | 4.65 x |
| EV / Revenue | 5.94 x | 6.92 x | 7.83 x | 5.21 x | 6.49 x | 5.78 x | 4.85 x |
| EV / EBITDA | 22.2 x | 22.3 x | 26.4 x | 20.3 x | 24.7 x | 21.3 x | 18.1 x |
| EV / FCF | 28.3 x | 23.7 x | 31.4 x | 27.5 x | 31.4 x | 26.5 x | 22.3 x |
| FCF Yield | 3.53% | 4.23% | 3.18% | 3.64% | 3.18% | 3.78% | 4.49% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 21,192 | 21,192 | 21,192 | 21,192 | 21,192 | 21,192 | - |
| Reference price 2 | 970.2 | 1,298 | 1,856 | 1,559 | 2,478 | 2,655 | 2,655 |
| Announcement Date | 2/13/20 | 2/12/21 | 2/10/22 | 3/29/23 | 3/6/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,490 | 3,969 | 5,106 | 6,622 | 8,407 | 10,111 | 12,099 |
| EBITDA 1 | 934 | 1,231 | 1,512 | 1,701 | 2,209 | 2,740 | 3,252 |
| EBIT 1 | 511 | 723 | 873 | 882 | 1,188 | 1,539 | 1,906 |
| Operating Margin | 14.64% | 18.22% | 17.1% | 13.32% | 14.13% | 15.22% | 15.75% |
| Earnings before Tax (EBT) 1 | 456 | 603 | 374 | 725 | 265 | 1,208 | 1,505 |
| Net income 1 | 333 | 436 | 310 | 512 | 565 | 591.9 | 693.9 |
| Net margin | 9.54% | 10.99% | 6.07% | 7.73% | 6.72% | 5.85% | 5.74% |
| EPS 2 | 15.73 | 20.59 | 14.65 | 24.18 | 26.67 | 33.98 | 42.38 |
| Free Cash Flow 1 | 733 | 1,161 | 1,271 | 1,256 | 1,737 | 2,207 | 2,638 |
| FCF margin | 21% | 29.25% | 24.89% | 18.97% | 20.66% | 21.83% | 21.8% |
| FCF Conversion (EBITDA) | 78.48% | 94.31% | 84.06% | 73.84% | 78.63% | 80.54% | 81.13% |
| FCF Conversion (Net income) | 220.12% | 266.28% | 410% | 245.31% | 307.43% | 372.86% | 380.16% |
| Dividend per Share | 24.00 | 4.000 | 4.000 | - | - | - | - |
| Announcement Date | 2/13/20 | 2/12/21 | 2/10/22 | 3/29/23 | 3/6/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,299 | 1,383 | 1,431 | 1,618 | 1,725 | 1,847 | 1,919 | 2,039 | 2,126 | 2,323 | 2,366 | 2,486 | 2,587 | 2,713 | 2,799 |
| EBITDA 1 | 387 | 409 | 373 | 410 | 419 | 497 | 456 | 518 | 582 | 653 | 595.5 | 649 | 698.8 | 761.2 | 687.3 |
| EBIT 1 | 222 | 236 | 195 | 207 | 204 | 274 | 224 | 265 | 327 | 372 | 306 | 364.7 | 403.6 | 452.1 | 362.7 |
| Operating Margin | 17.09% | 17.06% | 13.63% | 12.79% | 11.83% | 14.83% | 11.67% | 13% | 15.38% | 16.01% | 12.94% | 14.67% | 15.6% | 16.66% | 12.96% |
| Earnings before Tax (EBT) 1 | 188 | 184 | 151 | 177 | 193 | 204 | -43 | 79 | 236 | -7 | 210.6 | 256.4 | 300.3 | 347.6 | 259.2 |
| Net income 1 | 107 | 124 | 98 | 126 | 136 | 152 | 94 | 103 | 177 | 141 | 102.8 | 133 | 161.8 | 194.3 | 102.2 |
| Net margin | 8.24% | 8.97% | 6.85% | 7.79% | 7.88% | 8.23% | 4.9% | 5.05% | 8.33% | 6.07% | 4.35% | 5.35% | 6.25% | 7.16% | 3.65% |
| EPS 2 | 5.040 | 5.860 | 4.630 | 5.940 | 6.420 | 7.190 | 4.440 | 4.880 | 8.360 | 6.640 | 6.463 | 7.820 | 9.013 | 10.69 | 4.820 |
| Dividend per Share | 1.000 | 1.000 | - | - | - | - | 2.000 | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/10/22 | 5/4/22 | 8/4/22 | 11/4/22 | 3/29/23 | 5/15/23 | 8/11/23 | 11/9/23 | 3/6/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 179 | - | 624 | 1,476 | 2,050 | 2,162 | 2,465 |
| Net Cash position 1 | - | 33 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.1916 x | - | 0.4127 x | 0.8677 x | 0.928 x | 0.7887 x | 0.7581 x |
| Free Cash Flow 1 | 733 | 1,161 | 1,271 | 1,256 | 1,737 | 2,207 | 2,638 |
| ROE (net income / shareholders' equity) | - | - | - | - | 31.5% | 23.8% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 36.20 | 56.00 | 61.30 | 61.20 | - | 104.0 | 121.0 |
| Capex 1 | 34 | 25 | 29 | 41 | 42 | 24 | 24 |
| Capex / Sales | 0.97% | 0.63% | 0.57% | 0.62% | 0.5% | 0.24% | 0.2% |
| Announcement Date | 2/13/20 | 2/12/21 | 2/10/22 | 3/29/23 | 3/6/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
2,655
USD
Average target price
3,023
USD
Spread / Average Target
+13.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.65% | 56.27B | |
| +11.17% | 322B | |
| +24.75% | 216B | |
| +2.41% | 149B | |
| +8.71% | 32.13B | |
| -4.57% | 27.45B | |
| +103.03% | 22.62B | |
| +20.22% | 19.55B | |
| +13.06% | 14.69B | |
| +0.04% | 14.61B |
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