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 19,454 - -
Change - -6.28% 26.83% 12.25% -21.94% -28.88% - -
Enterprise Value (EV) 1 28,723 27,623 33,288 36,880 30,821 22,744 21,701 20,941
Change - -3.83% 20.51% 10.79% -16.43% -26.21% -4.58% -3.51%
P/E 19.9x 17.2x 19.5x 21.3x 16.9x 10.9x 9.72x 8.84x
PBR 3.84x 3.47x 4.26x 3.98x 2.65x 1.9x 1.79x 1.66x
PEG - 1.5x 1.4x 3.25x 30.88x 0.6x 0.8x 0.88x
Capitalization / Revenue 2.17x 1.91x 2.18x 2.39x 1.72x 1.17x 1.15x 1.12x
EV / Revenue 2.37x 2.15x 2.33x 2.51x 1.94x 1.37x 1.28x 1.2x
EV / EBITDA 11.7x 10.8x 11.8x 12.5x 9.56x 6.85x 6.35x 5.87x
EV / EBIT 14.7x 13.2x 14.4x 15.3x 11.8x 8.39x 7.71x 7.14x
EV / FCF 14.4x 18.6x 17x 17.6x 14.6x 10.9x 10x 9.42x
FCF Yield 6.94% 5.38% 5.87% 5.68% 6.87% 9.16% 9.99% 10.6%
Dividend per Share 2 - - - - 0.6 0.68 0.754 0.8614
Rate of return - - - - 0.48% 0.71% 0.79% 0.91%
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 95.15 95.15 95.15
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.($)
10.95x1.37x6.85x0.71% 14.08B
23.56x3.83x13.37x2.82% 226B
-129.34x18.11x98.55x-.--% 117B
13.06x1.44x7.55x3.67% 108B
14.29x2.61x9.84x5.75% 83.95B
19.69x5.19x12.76x2.89% 59.51B
13.57x1.96x8.31x5.74% 44.05B
21.08x1.72x10.71x1.39% 42.3B
19.82x1.5x9.59x0.96% 38.89B
16.98x2.13x10.12x5.15% 34.97B
Average 2.36x 3.99x 18.76x 2.91% 76.82B
Weighted average by Cap. -3.91x 5.17x 24.18x 2.9%

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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