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 1,142 886.8 - -
Change - -43.84% 7.48% -9.31% -29.98% -22.38% - -
Enterprise Value (EV) 1 2,810 1,466 1,571 1,370 886.9 629 671.2 708.4
Change - -47.84% 7.19% -12.8% -35.27% -29.08% 6.71% 5.55%
P/E 32.3x 17.8x 24.9x 20x 15.5x 12.9x 12.4x 11.6x
PBR - - - 2.74x 1.88x 1.51x 1.52x 1.55x
PEG - 7.39x -1.1x 1.6x -1.75x -2.19x 2.86x 1.66x
Capitalization / Revenue 6.38x 3.91x 3.96x 3.25x 2.29x 1.88x 1.84x 1.68x
EV / Revenue 6.01x 3.43x 3.46x 2.73x 1.78x 1.33x 1.39x 1.35x
EV / EBITDA 16.7x 10.4x 11.7x 9.53x 6.95x 5.37x 5.43x 5.2x
EV / EBIT 24.7x 15.6x 18.5x 14.4x 7.76x 6.45x 6.41x 6.21x
EV / FCF 24.4x 14.3x 13.8x 10.5x 8.6x 7.03x 7.01x 6.09x
FCF Yield 4.1% 6.98% 7.27% 9.5% 11.6% 14.2% 14.3% 16.4%
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% 7.48% 8.46% 9.69%
EPS 2 1.66 1.7 1.31 1.47 1.34 1.261 1.316 1.408
Distribution rate 129% 43.5% - 68% 86.6% 96.7% 105% 112%
Net sales 1 467.2 427.6 454 502.5 498.9 471.3 482.2 526.4
EBITDA 1 168.5 140.6 133.8 143.8 127.6 117 123.5 136.3
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 68.33 71.2 77.7
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 16.31 16.31 16.31
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.($)
13.16x1.37x5.51x7.35% 643M
19.44x5.5x9.7x1.63% 358B
19.26x3.91x12.2x1.95% 184B
51.78x6.15x16.91x-.--% 107B
33.91x3.21x11.58x0.2% 42.65B
5.58x78.92x672.08x-.--% 33.51B
32.74x12.72x20.72x-.--% 28.79B
34.22x2.09x19.09x-.--% 17.58B
23.93x3.42x11.51x - 12.53B
84.36x8.09x34.68x-.--% 12.4B
Average 31.84x 12.54x 81.40x 1.24% 79.7B
Weighted average by Cap. 25.82x 8.37x 40.22x 1.22%

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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