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 18,400 - -
Change - -13.01% 25.95% -23.84% -23.55% 3.77% - -
Enterprise Value (EV) 1 34,394 29,786 35,508 28,533 22,743 23,132 22,792 23,027
Change - -13.4% 19.21% -19.64% -20.29% 1.71% -1.47% 1.03%
P/E 29.1x 22x 28.1x 21.8x 16.9x 16.2x 14.6x 13x
PBR 39.1x 15.3x 14.9x 9.85x 6.76x 6.68x 5.65x 4.74x
PEG - 1.4x -76.15x -13.58x 12.24x 1.6x 1.4x 1.1x
Capitalization / Revenue 1.33x 1.02x 1.42x 1.1x 0.79x 0.78x 0.75x 0.73x
EV / Revenue 1.65x 1.25x 1.66x 1.36x 1.01x 0.98x 0.93x 0.91x
EV / EBITDA 19.7x 13.7x 16.5x 12.8x 10.7x 10.5x 9.69x 9.29x
EV / EBIT 20.9x 14.5x 17.4x 14.7x 11.4x 11.1x 10.2x 9.73x
EV / FCF 50.2x 20.2x 24.5x 24.7x 20.9x 20.4x 16.9x 14.4x
FCF Yield 1.99% 4.95% 4.08% 4.05% 4.78% 4.9% 5.91% 6.95%
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% 1.77% 1.86% 1.91%
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 2 204.78 178.58 227.32 174.04 136.20 144.03 144.03 144.03
Nbr of stocks (in thousands) 1,35,723 1,35,391 1,33,960 1,33,264 1,30,194 1,27,753 - -
Announcement Date 09/02/22 08/02/23 07/02/24 05/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-53.31x47.59x-735.32x - 4.27TCr
45.57x1.21x27.32x0.25% 1.75TCr
-1.64x2.71x11.21x-.--% 681Cr
20.22x0.92x6.91x - 314.22Cr
30.98x - - 0.3% 253.12Cr
21.2x - - - 205.09Cr
Average 10.50x 13.11x -172.47x 0.18% 1.25TCr
Weighted average by Cap. -17.45x 29.57x -439.37x 0.19%

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