Company Valuation: CDW Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,793 24,178 30,452 23,193 17,732 17,594 - -
Change - -13.01% 25.95% -23.84% -23.55% -0.78% - -
Enterprise Value (EV) 1 34,394 29,786 35,508 28,533 22,743 22,319 21,979 22,706
Change - -13.4% 19.21% -19.64% -20.29% -1.86% -1.53% 3.31%
P/E 29.1x 22x 28.1x 21.8x 16.9x 15.5x 14x 12.5x
PBR 39.1x 15.3x 14.9x 9.85x 6.76x 6.39x 5.4x 4.53x
PEG - 1.4x -76.15x -13.58x 12.24x 1.5x 1.3x 1x
Capitalization / Revenue 1.33x 1.02x 1.42x 1.1x 0.79x 0.75x 0.72x 0.7x
EV / Revenue 1.65x 1.25x 1.66x 1.36x 1.01x 0.95x 0.9x 0.91x
EV / EBITDA 19.7x 13.7x 16.5x 12.8x 10.7x 10.1x 9.39x 9.44x
EV / EBIT 20.9x 14.5x 17.4x 14.7x 11.4x 10.7x 9.87x 9.85x
EV / FCF 50.2x 20.2x 24.5x 24.7x 20.9x 19.5x 16.3x -
FCF Yield 1.99% 4.95% 4.08% 4.05% 4.78% 5.12% 6.13% -
Dividend per Share 2 1.8 2.09 2.39 2.485 2.505 2.55 2.685 2.623
Rate of return 0.88% 1.17% 1.05% 1.43% 1.84% 1.85% 1.95% 1.9%
EPS 2 7.04 8.13 8.1 7.97 8.08 8.899 9.86 11.06
Distribution rate 25.6% 25.7% 29.5% 31.2% 31% 28.7% 27.2% 23.7%
Net sales 1 20,821 23,749 21,376 20,999 22,424 23,552 24,366 24,996
EBITDA 1 1,742 2,173 2,155 2,222 2,122 2,203 2,340 2,407
EBIT 1 1,645 2,050 2,039 1,947 1,997 2,087 2,226 2,304
Net income 1 988.6 1,114 1,104 1,078 1,067 1,146 1,249 1,323
Net Debt 1 6,600 5,608 5,056 5,339 5,011 4,725 4,385 5,112
Reference price 2 204.78 178.58 227.32 174.04 136.20 137.72 137.72 137.72
Nbr of stocks (in thousands) 135,723 135,391 133,960 133,264 130,194 127,753 - -
Announcement Date 09/02/22 08/02/23 07/02/24 05/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-51.36x45.84x-707.42x - 41.17B
38.87x1.01x23.81x0.27% 14.13B
-1.8x3.24x22.25x-.--% 7.7B
34.56x4.16x24.07x1.98% 2.98B
18.61x0.86x6.43x - 2.89B
Average 7.77x 11.02x -126.17x 0.75% 13.77B
Weighted average by Cap. -20.65x 28.18x -414.16x 0.39%

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