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 16,718 - -
Change - -13.01% 25.95% -23.84% -23.55% -5.72% - -
Enterprise Value (EV) 1 34,394 29,786 35,508 28,533 22,743 21,443 21,103 21,830
Change - -13.4% 19.21% -19.64% -20.29% -5.72% -1.59% 3.45%
P/E 29.1x 22x 28.1x 21.8x 16.9x 14.7x 13.3x 11.8x
PBR 39.1x 15.3x 14.9x 9.85x 6.76x 6.07x 5.13x 4.31x
PEG - 1.4x -76.15x -13.58x 12.24x 1.4x 1.2x 1x
Capitalization / Revenue 1.33x 1.02x 1.42x 1.1x 0.79x 0.71x 0.69x 0.67x
EV / Revenue 1.65x 1.25x 1.66x 1.36x 1.01x 0.91x 0.87x 0.87x
EV / EBITDA 19.7x 13.7x 16.5x 12.8x 10.7x 9.71x 8.97x 9.04x
EV / EBIT 20.9x 14.5x 17.4x 14.7x 11.4x 10.3x 9.45x 9.44x
EV / FCF 50.2x 20.2x 24.5x 24.7x 20.9x 18.8x 15.7x -
FCF Yield 1.99% 4.95% 4.08% 4.05% 4.78% 5.33% 6.39% -
Dividend per Share 2 1.8 2.09 2.39 2.485 2.505 2.55 2.685 2.623
Rate of return 0.88% 1.17% 1.05% 1.43% 1.84% 1.95% 2.05% 2%
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% 23.7%
Net sales 1 20,821 23,749 21,376 20,999 22,424 23,552 24,366 24,996
EBITDA 1 1,742 2,173 2,155 2,222 2,122 2,209 2,352 2,415
EBIT 1 1,645 2,050 2,039 1,947 1,997 2,091 2,234 2,312
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 4,725 4,385 5,112
Reference price 2 204.78 178.58 227.32 174.04 136.20 130.86 130.86 130.86
Nbr of stocks (in thousands) 135,723 135,391 133,960 133,264 130,194 127,753 - -
Announcement Date 2/9/22 2/8/23 2/7/24 2/5/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-57.6x51.63x-796.86x - 46.17B
40.64x1.1x24.82x0.28% 15.62B
-1.99x3.65x24.66x-.--% 8.5B
37.36x4.5x26.08x1.84% 3.2B
19.07x0.88x6.57x - 2.96B
30.63x - - 0.3% 2.5B
Average 11.35x 12.35x -142.95x 0.6% 13.16B
Weighted average by Cap. -22.66x 32.04x -472.12x 0.37%

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