Company Valuation: CGI Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,262 24,613 31,217 35,041 27,354 20,756 - -
Change - -6.28% 26.83% 12.25% -21.94% -24.12% - -
Enterprise Value (EV) 1 28,723 27,623 33,288 36,880 30,821 24,047 23,004 22,243
Change - -3.83% 20.51% 10.79% -16.43% -21.98% -4.34% -3.31%
P/E 19.9x 17.2x 19.5x 21.3x 16.9x 11.7x 10.4x 9.43x
PBR 3.84x 3.47x 4.26x 3.98x 2.65x 2.02x 1.91x 1.77x
PEG - 1.5x 1.4x 3.25x 30.88x 0.6x 0.8x 0.94x
Capitalization / Revenue 2.17x 1.91x 2.18x 2.39x 1.72x 1.25x 1.22x 1.19x
EV / Revenue 2.37x 2.15x 2.33x 2.51x 1.94x 1.45x 1.35x 1.28x
EV / EBITDA 11.7x 10.8x 11.8x 12.5x 9.56x 7.24x 6.73x 6.24x
EV / EBIT 14.7x 13.2x 14.4x 15.3x 11.8x 8.87x 8.17x 7.59x
EV / FCF 14.4x 18.6x 17x 17.6x 14.6x 11.5x 10.6x 10x
FCF Yield 6.94% 5.38% 5.87% 5.68% 6.87% 8.67% 9.42% 9.99%
Dividend per Share 2 - - - - 0.6 0.68 0.754 0.8614
Rate of return - - - - 0.48% 0.67% 0.74% 0.85%
EPS 2 5.41 6.04 6.86 7.31 7.35 8.693 9.791 10.77
Distribution rate - - - - 8.16% 7.82% 7.7% 8%
Net sales 1 12,127 12,867 14,296 14,676 15,913 16,557 16,983 17,440
EBITDA 1 2,463 2,561 2,832 2,953 3,225 3,321 3,417 3,565
EBIT 1 1,952 2,087 2,313 2,416 2,611 2,710 2,815 2,932
Net income 1 1,369 1,466 1,631 1,693 1,658 1,823 1,963 2,082
Net Debt 1 2,460 3,010 2,071 1,839 3,467 3,290 2,248 1,487
Reference price 2 107.59 103.99 133.88 155.62 123.96 101.52 101.52 101.52
Nbr of stocks (in thousands) 244,097 236,691 233,174 225,172 220,666 204,456 - -
Announcement Date 11/10/21 11/9/22 11/8/23 11/6/24 11/5/25 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.46x3.95x13.79x2.72% 235B
-130.31x18.17x100.76x-.--% 117B
14.45x1.6x8.39x3.31% 119B
14.25x2.6x9.8x5.77% 83.08B
20.32x5.35x13.15x2.8% 61.29B
13.6x1.96x8.33x5.73% 43.84B
22.63x1.86x11.56x1.29% 45.18B
21.37x1.61x10.31x0.89% 41.61B
16.65x2.09x9.91x5.25% 34.05B
Average 1.93x 4.35x 20.67x 3.08% 86.69B
Weighted average by Cap. -2.95x 5.25x 24.76x 2.83%

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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