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 1,142 895.3 - -
Change - -43.84% 7.48% -9.31% -29.98% -21.63% - -
Enterprise Value (EV) 1 2,810 1,466 1,571 1,370 886.9 636.2 668.3 703.4
Change - -47.84% 7.19% -12.8% -35.27% -28.27% 5.05% 5.24%
P/E 32.3x 17.8x 24.9x 20x 15.5x 13.5x 12.7x 11.6x
PBR - - - 2.74x 1.88x 1.53x 1.55x 1.59x
PEG - 7.39x -1.1x 1.6x -1.75x -1.62x 2.06x 1.22x
Capitalization / Revenue 6.38x 3.91x 3.96x 3.25x 2.29x 1.9x 1.91x 1.74x
EV / Revenue 6.01x 3.43x 3.46x 2.73x 1.78x 1.35x 1.43x 1.37x
EV / EBITDA 16.7x 10.4x 11.7x 9.53x 6.95x 5.31x 5.5x 5.12x
EV / EBIT 24.7x 15.6x 18.5x 14.4x 7.76x 6.28x 6.3x 6.04x
EV / FCF 24.4x 14.3x 13.8x 10.5x 8.6x 6.9x 6.85x 5.79x
FCF Yield 4.1% 6.98% 7.27% 9.5% 11.6% 14.5% 14.6% 17.3%
Dividend per Share 2 2.14 0.74 - 1 1.16 1.23 1.39 1.59
Rate of return 3.99% 2.44% - 3.39% 5.57% 7.41% 8.37% 9.57%
EPS 2 1.66 1.7 1.31 1.47 1.34 1.228 1.304 1.428
Distribution rate 129% 43.5% - 68% 86.6% 100% 107% 111%
Net sales 1 467.2 427.6 454 502.5 498.9 470.4 468.1 514.2
EBITDA 1 168.5 140.6 133.8 143.8 127.6 119.8 121.4 137.5
EBIT 1 113.7 93.9 84.98 94.95 114.4 101.3 106 116.5
Net income 1 92.79 94.5 72.25 81.33 73.67 67.13 70.39 77.8
Net Debt 1 -170.6 -208.2 -228 -261.6 -255.5 -259.1 -227 -191.9
Reference price 2 53.67 30.29 32.56 29.47 20.81 16.61 16.61 16.61
Nbr of stocks (in thousands) 55,533 55,263 55,257 55,367 54,899 53,901 - -
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.($)
13.6x1.36x5.35x7.37% 639M
21.76x6.12x10.73x1.38% 437B
26.39x5.3x16.7x1.44% 245B
91.13x8.87x23.74x-.--% 146B
-7.39x127.57x1699.51x-.--% 62.32B
33.86x3.19x11.75x0.2% 41.88B
23.41x9.57x15.62x-.--% 19B
31.17x2.04x18.5x-.--% 17.23B
-213.77x3.78x12.66x - 13.83B
38.23x3.39x9.54x-.--% 12.99B
Average 5.84x 17.12x 182.41x 1.15% 99.57B
Weighted average by Cap. 28.86x 13.72x 120.08x 0.99%

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