Financials CDW Corporation Mexican S.E.

Equities

CDW *

US12514G1085

Integrated Hardware & Software

End-of-day quote Mexican S.E. 03:30:00 11/07/2023 am IST 5-day change 1st Jan Change
3,192 MXN +0.69% Intraday chart for CDW Corporation -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,523 18,844 27,793 24,178 30,452 29,459 - -
Enterprise Value (EV) 1 23,687 21,886 34,394 29,786 35,508 34,037 33,351 32,710
P/E ratio 28.6 x 24.2 x 29.1 x 22 x 28.1 x 25.5 x 22.4 x 19.5 x
Yield 0.89% 1.17% 0.88% 1.17% 1.05% 1.16% 1.26% 1.25%
Capitalization / Revenue 1.14 x 1.02 x 1.33 x 1.02 x 1.42 x 1.36 x 1.28 x 1.19 x
EV / Revenue 1.31 x 1.19 x 1.65 x 1.25 x 1.66 x 1.57 x 1.45 x 1.32 x
EV / EBITDA 16.3 x 13.1 x 19.7 x 13.7 x 16.5 x 15.5 x 14.1 x 12.9 x
EV / FCF 29.9 x 18.9 x 50.2 x 20.2 x 24.5 x 26.8 x 20.8 x -
FCF Yield 3.34% 5.28% 1.99% 4.95% 4.08% 3.73% 4.8% -
Price to Book 22 x 14.7 x 39.1 x 15.3 x 14.9 x 10.9 x 8.51 x 6.77 x
Nbr of stocks (in thousands) 1,43,681 1,42,988 1,35,723 1,35,391 1,33,960 1,34,398 - -
Reference price 2 142.8 131.8 204.8 178.6 227.3 219.2 219.2 219.2
Announcement Date 06/02/20 10/02/21 09/02/22 08/02/23 07/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,032 18,468 20,821 23,749 21,376 21,715 23,018 24,715
EBITDA 1 1,457 1,672 1,742 2,173 2,155 2,195 2,373 2,533
EBIT 1 1,368 1,405 1,645 2,050 2,039 2,064 2,220 2,399
Operating Margin 7.59% 7.61% 7.9% 8.63% 9.54% 9.5% 9.64% 9.71%
Earnings before Tax (EBT) 1 949.7 1,002 1,298 1,488 1,450 1,530 1,765 2,001
Net income 1 736.8 788.5 988.6 1,114 1,104 1,167 1,321 1,516
Net margin 4.09% 4.27% 4.75% 4.69% 5.17% 5.37% 5.74% 6.14%
EPS 2 4.990 5.450 7.040 8.130 8.100 8.600 9.772 11.26
Free Cash Flow 1 790.9 1,156 684.6 1,476 1,450 1,269 1,601 -
FCF margin 4.39% 6.26% 3.29% 6.21% 6.79% 5.84% 6.96% -
FCF Conversion (EBITDA) 54.28% 69.15% 39.31% 67.9% 67.3% 57.81% 67.46% -
FCF Conversion (Net income) 107.34% 146.65% 69.25% 132.39% 131.35% 108.76% 121.23% -
Dividend per Share 2 1.265 1.540 1.800 2.090 2.390 2.537 2.752 2.737
Announcement Date 06/02/20 10/02/21 09/02/22 08/02/23 07/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 5,537 5,949 6,146 6,216 5,438 5,103 5,626 5,628 5,018 4,873 5,467 5,862 5,523 5,337 5,731
EBITDA 1 451.4 492.6 546.7 579.8 554.1 505 558.4 585 548.6 - 559.1 623.4 582 507.4 596.9
EBIT 1 424.5 462.1 516.3 549 523.1 434.3 529.8 556.3 518.7 403.5 516.4 584.2 556.5 483.9 560
Operating Margin 7.67% 7.77% 8.4% 8.83% 9.62% 8.51% 9.42% 9.88% 10.34% 8.28% 9.45% 9.96% 10.08% 9.07% 9.77%
Earnings before Tax (EBT) 1 287.3 330.4 377.2 399 381.2 296.3 353.4 419.8 380.7 276.6 368.9 462 422.7 370.7 437.1
Net income 1 215.3 250.2 279.3 297.8 287.2 230.1 262.6 315.5 296.1 216.1 285.9 345.6 319 277.8 327
Net margin 3.89% 4.21% 4.54% 4.79% 5.28% 4.51% 4.67% 5.61% 5.9% 4.43% 5.23% 5.9% 5.78% 5.21% 5.7%
EPS 2 1.570 1.830 2.040 2.170 2.090 1.680 1.920 2.320 2.180 1.590 2.105 2.550 2.355 2.052 2.419
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 0.5900 0.5900 0.5900 0.5900 0.6200 - 0.6200 0.6200 0.6500 0.6350 0.6500
Announcement Date 09/02/22 04/05/22 03/08/22 02/11/22 08/02/23 03/05/23 02/08/23 01/11/23 07/02/24 01/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,163 3,042 6,600 5,608 5,056 4,579 3,892 3,251
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.171 x 1.819 x 3.79 x 2.58 x 2.346 x 2.086 x 1.64 x 1.284 x
Free Cash Flow 1 791 1,156 685 1,476 1,451 1,269 1,601 -
ROE (net income / shareholders' equity) 93.2% 84.5% 112% 116% 73.8% 58.3% 50.3% 42.7%
ROA (Net income/ Total Assets) 11.9% 11% 9.93% 10.2% 10.2% 10.5% 11.2% -
Assets 1 6,194 7,168 9,959 10,938 10,835 11,154 11,818 -
Book Value Per Share 2 6.500 8.960 5.240 11.70 15.20 20.20 25.80 32.40
Cash Flow per Share 2 6.950 9.080 5.580 11.70 11.70 9.500 10.70 -
Capex 1 236 158 100 128 148 158 165 173
Capex / Sales 1.31% 0.86% 0.48% 0.54% 0.69% 0.73% 0.72% 0.7%
Announcement Date 06/02/20 10/02/21 09/02/22 08/02/23 07/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
219.2 USD
Average target price
252.8 USD
Spread / Average Target
+15.33%
Consensus