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 18,897 - -
Change - -13.01% 25.95% -23.84% -23.55% 6.57% - -
Enterprise Value (EV) 1 34,394 29,786 35,508 28,533 22,743 23,629 23,289 23,524
Change - -13.4% 19.21% -19.64% -20.29% 3.89% -1.44% 1.01%
P/E 29.1x 22x 28.1x 21.8x 16.9x 16.6x 15x 13.4x
PBR 39.1x 15.3x 14.9x 9.85x 6.76x 6.86x 5.8x 4.87x
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 0.8x 0.77x 0.75x
EV / Revenue 1.65x 1.25x 1.66x 1.36x 1.01x 1x 0.96x 0.93x
EV / EBITDA 19.7x 13.7x 16.5x 12.8x 10.7x 10.7x 9.9x 9.49x
EV / EBIT 20.9x 14.5x 17.4x 14.7x 11.4x 11.3x 10.4x 9.94x
EV / FCF 50.2x 20.2x 24.5x 24.7x 20.9x 20.9x 17.3x 14.7x
FCF Yield 1.99% 4.95% 4.08% 4.05% 4.78% 4.79% 5.79% 6.81%
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% 1.72% 1.82% 1.86%
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 2 204.78 178.58 227.32 174.04 136.20 147.92 147.92 147.92
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.($)
-54.47x48.67x-751.96x - 43.66B
45.58x1.21x27.33x0.25% 17.53B
-1.73x2.89x11.95x-.--% 7.17B
20.23x0.92x6.91x - 3.14B
31.38x - - 0.29% 2.57B
21.67x - - - 2.1B
Average 10.44x 13.42x -176.44x 0.18% 12.69B
Weighted average by Cap. -18.41x 30.34x -450.98x 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