Added to YB: 2026-02-24
Pitch date: 2026-02-23
CSU.TO [bullish]
Constellation Software Inc.
Author Info
No bio for this author
Company Info
Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses to develop mission-critical software solutions for public and private sector markets.
Market Cap
CAD 38.5B
Pitch Price
N/A
Price Target
3.0K (+25%)
Dividend
0.22%
EV/EBITDA
20.41
P/E
56.05
EV/Sales
3.75
Sector
Software
Category
value
Constellation Software – Deep Dive, AI, Valuation
CSU.TO (overview): Down 50%+ from highs despite FCF at all-time highs. Owns 1000+ niche VMS businesses w/ 98% retention, mission-critical systems, 75% recurring rev. AI risk overblown: switching costs high, software <1% client rev, deep integration. Fair value ~$3k USD (19% IRR) assumes 12% rev CAGR, stable margins. Mark Leonard steps down (health), Mark Miller takes over as CEO after 30yrs w/ company.
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