Company Valuation: Enghouse Systems Limited

Data adjusted to current consolidation scope
Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,980 1,674 1,799 1,632 1,142 938.5 - -
Change - -43.84% 7.48% -9.31% -29.98% -17.86% - -
Enterprise Value (EV) 1 2,810 1,466 1,571 1,370 886.9 680.7 722.9 760.1
Change - -47.84% 7.19% -12.8% -35.27% -23.26% 6.2% 5.15%
P/E 32.3x 17.8x 24.9x 20x 15.5x 13.7x 13.2x 12.3x
PBR - - - 2.74x 1.88x 1.59x 1.61x 1.64x
PEG - 7.39x -1.1x 1.6x -1.75x -2.22x 3.26x 1.62x
Capitalization / Revenue 6.38x 3.91x 3.96x 3.25x 2.29x 1.99x 1.95x 1.78x
EV / Revenue 6.01x 3.43x 3.46x 2.73x 1.78x 1.45x 1.5x 1.44x
EV / EBITDA 16.7x 10.4x 11.7x 9.53x 6.95x 5.83x 5.87x 5.58x
EV / EBIT 24.7x 15.6x 18.5x 14.4x 7.76x 6.98x 6.91x 6.67x
EV / FCF 24.4x 14.3x 13.8x 10.5x 8.6x 7.61x 7.55x 6.54x
FCF Yield 4.1% 6.98% 7.27% 9.5% 11.6% 13.1% 13.2% 15.3%
Dividend per Share 2 2.14 0.74 - 1 1.16 1.22 1.38 1.58
Rate of return 3.99% 2.44% - 3.39% 5.57% 7.07% 8% 9.15%
EPS 2 1.66 1.7 1.31 1.47 1.34 1.257 1.308 1.408
Distribution rate 129% 43.5% - 68% 86.6% 97% 105% 112%
Net sales 1 467.2 427.6 454 502.5 498.9 470.9 481.8 526.4
EBITDA 1 168.5 140.6 133.8 143.8 127.6 116.8 123.2 136.3
EBIT 1 113.7 93.9 84.98 94.95 114.4 97.58 104.7 114
Net income 1 92.79 94.5 72.25 81.33 73.67 69.11 73.69 77.37
Net Debt 1 -170.6 -208.2 -228 -261.6 -255.5 -257.8 -215.6 -178.4
Reference price 2 53.67 30.29 32.56 29.47 20.81 17.26 17.26 17.26
Nbr of stocks (in thousands) 55,533 55,263 55,257 55,367 54,899 54,371 - -
Announcement Date 12/16/21 12/15/22 12/14/23 12/12/24 12/15/25 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.73x1.45x5.83x7.07% 675M
23.58x6.34x11.33x1.35% 435B
27.16x5.44x17.08x1.4% 256B
93.67x9.12x24.42x-.--% 150B
-6.05x108.31x1282.92x-.--% 48.92B
39.02x3.65x13.45x0.17% 48.25B
30.55x11.87x19.44x-.--% 24.91B
36.81x2.45x22.29x-.--% 20.32B
118.16x11.37x48.45x-.--% 17.14B
-219.86x3.88x13x - 14.23B
Average 15.68x 16.39x 145.82x 1.11% 101.48B
Weighted average by Cap. 32.74x 11.42x 77.17x 0.96%

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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  4. Valuation Enghouse Systems Limited