Company Valuation: CDW Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,793 24,178 30,452 23,193 17,732 18,869 - -
Change - -13.01% 25.95% -23.84% -23.55% 6.41% - -
Enterprise Value (EV) 1 34,394 29,786 35,508 28,533 22,743 23,601 23,261 23,496
Change - -13.4% 19.21% -19.64% -20.29% 3.77% -1.44% 1.01%
P/E 29.1x 22x 28.1x 21.8x 16.9x 17.3x 15.6x 13.9x
PBR 39.1x 15.3x 14.9x 9.85x 6.76x 7.14x 6.04x 5.07x
PEG - 1.4x -76.15x -13.58x 12.24x 1.7x 1.4x 1.1x
Capitalization / Revenue 1.33x 1.02x 1.42x 1.1x 0.79x 0.8x 0.77x 0.75x
EV / Revenue 1.65x 1.25x 1.66x 1.36x 1.01x 1x 0.95x 0.93x
EV / EBITDA 19.7x 13.7x 16.5x 12.8x 10.7x 10.7x 9.89x 9.48x
EV / EBIT 20.9x 14.5x 17.4x 14.7x 11.4x 11.3x 10.4x 9.93x
EV / FCF 50.2x 20.2x 24.5x 24.7x 20.9x 20.8x 17.3x 14.7x
FCF Yield 1.99% 4.95% 4.08% 4.05% 4.78% 4.8% 5.79% 6.81%
Dividend per Share 2 1.8 2.09 2.39 2.485 2.505 2.55 2.685 2.749
Rate of return 0.88% 1.17% 1.05% 1.43% 1.84% 1.66% 1.74% 1.78%
EPS 2 7.04 8.13 8.1 7.97 8.08 8.899 9.86 11.06
Distribution rate 25.6% 25.7% 29.5% 31.2% 31% 28.7% 27.2% 24.9%
Net sales 1 20,821 23,749 21,376 20,999 22,424 23,570 24,385 25,195
EBITDA 1 1,742 2,173 2,155 2,222 2,122 2,210 2,353 2,479
EBIT 1 1,645 2,050 2,039 1,947 1,997 2,091 2,234 2,366
Net income 1 988.6 1,114 1,104 1,078 1,067 1,146 1,249 1,323
Net Debt 1 6,600 5,608 5,056 5,339 5,011 4,732 4,392 4,627
Reference price 2 204.78 178.58 227.32 174.04 136.20 154.00 154.00 154.00
Nbr of stocks (in thousands) 135,723 135,391 133,960 133,264 130,194 127,753 - -
Announcement Date 2/9/22 A 2/8/23 A 2/7/24 A 2/5/25 A 2/4/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-66.69x55.8x-905.38x - 49.83B
36.37x1x22.66x0.31% 14.01B
-1.66x2.74x11.3x-.--% 6.87B
38.15x4.37x25.97x1.79% 3.25B
35.31x - - 0.26% 2.89B
23.09x0.8x5.96x - 2.63B
Average 10.76x 12.94x -167.90x 0.59% 13.25B
Weighted average by Cap. -31.93x 36.95x -582.54x 0.41%

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