Company Valuation: CAE Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 10,315 9,714 8,903 11,314 11,656 10,780 - -
Change - -5.83% -8.35% 27.08% 3.02% -7.51% - -
Enterprise Value (EV) 1 13,015 12,746 11,817 14,491 14,338 13,010 12,570 12,228
Change - -2.06% -7.29% 22.63% -1.06% -9.26% -3.39% -2.72%
P/E 72.3x 43.7x -29.4x 27.9x 37.3x 37x 25.7x 21.2x
PBR 2.54x 2.16x 2.11x 2.27x 2.17x 1.89x 1.77x 1.66x
PEG - 0.8x 0x -0x -1.6x -5.98x 0.6x 1x
Capitalization / Revenue 3.06x 2.31x 2.08x 2.4x 2.37x 2.15x 2.11x 2.01x
EV / Revenue 3.86x 3.03x 2.76x 3.08x 2.92x 2.6x 2.46x 2.28x
EV / EBITDA 17.2x 14.3x 11.7x 12.6x 12.2x 11.3x 10.1x 9.08x
EV / EBIT 29.3x 23.3x 18.5x 19.8x 20.2x 17.9x 15.3x 13.4x
EV / FCF 89.1x 91.3x 49.8x 17.8x 18.9x 31.9x 27.9x 22.2x
FCF Yield 1.12% 1.1% 2.01% 5.62% 5.29% 3.14% 3.58% 4.51%
Dividend per Share 2 - - - - - - 0.19 0.245
Rate of return - - - - - - 0.56% 0.73%
EPS 2 0.45 0.7 -0.95 1.27 0.97 0.91 1.307 1.59
Distribution rate - - - - - - 14.5% 15.4%
Net sales 1 3,371 4,203 4,283 4,708 4,914 5,011 5,104 5,352
EBITDA 1 755 890.3 1,009 1,147 1,171 1,154 1,249 1,347
EBIT 1 444.5 548.1 640 732 710.7 724.9 819.7 910
Net income 1 141.7 222.7 -304 405.3 313.1 312.9 443.1 505.5
Net Debt 1 2,700 3,032 2,914 3,177 2,682 2,230 1,790 1,448
Reference price 2 32.54 30.56 27.97 35.38 36.22 33.64 33.64 33.64
Nbr of stocks (in thousands) 316,984 317,860 318,306 319,794 321,805 320,456 - -
Announcement Date 5/31/22 5/31/23 5/27/24 5/13/25 5/21/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.97x6.5x27.08x0.59% 319B
32.43x3.02x17.93x1.46% 263B
33.26x4.88x20.57x1.02% 159B
17.5x1.69x12.18x2.63% 123B
21.11x1.79x14.63x1.76% 96.88B
18.3x1.91x13.6x1.83% 75.47B
26.17x1.86x12.97x1.98% 76.61B
30.14x3.31x14.54x1.36% 55.42B
Average 26.86x 3.12x 16.69x 1.58% 146.06B
Weighted average by Cap. 29.57x 3.85x 19.14x 1.36%

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

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