Company Valuation: The Descartes Systems Group Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 6,151 6,175 7,486 9,943 6,446 6,348 - -
Change - 0.4% 21.22% 32.82% -35.16% -1.52% - -
Enterprise Value (EV) 1 5,937 5,899 7,165 9,707 6,090 5,849 5,624 5,398
Change - -0.65% 21.46% 35.48% -37.26% -3.96% -3.85% -4.01%
P/E 72.7x 61.7x 65.7x 70.9x 40.1x 32x 27.8x 24.2x
PBR - - - - 3.98x 3.78x 3.32x 2.93x
PEG - 3.4x 4.8x 3.2x 2.9x 1.3x 1.8x 1.6x
Capitalization / Revenue 14.5x 12.7x 13.1x 15.3x 8.84x 7.82x 7.03x 6.28x
EV / Revenue 14x 12.1x 12.5x 14.9x 8.35x 7.2x 6.23x 5.34x
EV / EBITDA 32x 27.4x 28.9x 34.1x 18.5x 15.5x 13.3x 11.3x
EV / EBIT 57.4x 45.2x 50.2x 53.6x 29x 22.1x 18.4x 15.4x
EV / FCF 34.7x 31.7x 35.4x 45.7x 23.4x 19.4x 16.7x 14x
FCF Yield 2.89% 3.16% 2.82% 2.19% 4.28% 5.15% 5.99% 7.16%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1 1.18 1.34 1.64 1.87 2.318 2.67 3.067
Distribution rate - - - - - - - -
Net sales 1 424.7 486 572.9 651 729 812 903.1 1,010
EBITDA 1 185.7 215.2 247.5 284.7 329.5 376.9 423.6 479.2
EBIT 1 103.4 130.4 142.8 181.1 210 264.2 305.9 349.7
Net income 1 86.28 102.2 115.9 143.3 163.8 201.4 233.8 269.1
Net Debt 1 -213.4 -276.4 -321 -236.1 -356.5 -499.6 -724.6 -950
Reference price 2 72.65 72.81 87.99 116.24 74.97 74.13 74.13 74.13
Nbr of stocks (in thousands) 84,658 84,818 85,077 85,539 85,987 85,634 - -
Announcement Date 02/03/22 01/03/23 06/03/24 05/03/25 11/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
31.98x7.2x15.52x - 634.83Cr
19.79x5.57x9.83x1.61% 36TCr
19.3x3.92x12.22x1.94% 18TCr
51.39x6.1x16.78x-.--% 11TCr
33.68x3.19x11.5x0.2% 4.24TCr
5.62x79.5x677.05x-.--% 3.38TCr
33.17x12.85x20.95x-.--% 2.92TCr
33.94x2.07x18.91x-.--% 1.74TCr
23.47x3.35x11.3x - 1.23TCr
84.99x8.16x34.94x-.--% 1.25TCr
Average 33.73x 13.19x 82.90x 0.47% 8.09TCr
Weighted average by Cap. 25.92x 8.44x 40.32x 1.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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