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 17,430 - -
Change - -13.01% 25.95% -23.84% -23.55% -1.71% - -
Enterprise Value (EV) 1 34,394 29,786 35,508 28,533 22,743 22,639 22,435 22,057
Change - -13.4% 19.21% -19.64% -20.29% -0.46% -0.9% -1.68%
P/E 29.1x 22x 28.1x 21.8x 16.9x 16x 13.8x 12.9x
PBR 39.1x 15.3x 14.9x 9.85x 6.76x 7x 5.97x 4.94x
PEG - 1.4x -76.15x -13.58x 12.24x 2.1x 0.9x 1.67x
Capitalization / Revenue 1.33x 1.02x 1.42x 1.1x 0.79x 0.72x 0.69x 0.67x
EV / Revenue 1.65x 1.25x 1.66x 1.36x 1.01x 0.93x 0.89x 0.85x
EV / EBITDA 19.7x 13.7x 16.5x 12.8x 10.7x 10.3x 9.52x 8.9x
EV / EBIT 20.9x 14.5x 17.4x 14.7x 11.4x 10.7x 10x 9.46x
EV / FCF 50.2x 20.2x 24.5x 24.7x 20.9x 20.8x 18.3x 15.2x
FCF Yield 1.99% 4.95% 4.08% 4.05% 4.78% 4.82% 5.47% 6.56%
Dividend per Share 2 1.8 2.09 2.39 2.485 2.505 2.55 2.683 2.749
Rate of return 0.88% 1.17% 1.05% 1.43% 1.84% 1.83% 1.92% 1.97%
EPS 2 7.04 8.13 8.1 7.97 8.08 8.696 10.07 10.85
Distribution rate 25.6% 25.7% 29.5% 31.2% 31% 29.3% 26.6% 25.3%
Net sales 1 20,821 23,749 21,376 20,999 22,424 24,243 25,134 25,842
EBITDA 1 1,742 2,173 2,155 2,222 2,122 2,206 2,357 2,479
EBIT 1 1,645 2,050 2,039 1,947 1,997 2,110 2,239 2,332
Net income 1 988.6 1,114 1,104 1,078 1,067 1,109 1,258 1,314
Net Debt 1 6,600 5,608 5,056 5,339 5,011 5,209 5,005 4,627
Reference price 2 204.78 178.58 227.32 174.04 136.20 139.42 139.42 139.42
Nbr of stocks (in thousands) 135,723 135,391 133,960 133,264 130,194 125,017 - -
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.($)
-50.21x53.07x1551.36x - 52.02B
16.03x0.93x10.26x1.83% 17.43B
41.84x1.14x26.3x0.28% 16.94B
-1.83x3.1x12.77x-.--% 7.58B
43.35x4.98x29.62x1.58% 3.69B
32.27x - - 0.28% 2.65B
Average 13.57x 12.64x 326.06x 0.79% 16.72B
Weighted average by Cap. -13.88x 29.06x 834.87x 0.89%

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