Added to YB: 2026-03-12
Pitch date: 2026-03-10
CSU.TO [neutral]
Constellation Software Inc.
-9.63%
current return
Author Info
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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 45.9B
Pitch Price
CAD 2.9K
Price Target
N/A
Dividend
0.18%
EV/EBITDA
18.73
P/E
89.65
EV/Sales
4.23
Sector
Software
Category
growth
Constellation Software Q4 2025
CSU.TO (earnings): Q4 rev +18% to $3B, 9% organic growth (6% constant FX). FCFA2S +15.8% (+28.3% FY), CFO +16%. Introduced PEMS strategy (Permanent Engaged Minority Shareholder) for scaling capital deployment at 20%+ IRRs via minority stakes in public cos like Sabre. Rejected buybacks, seeing better opportunities. $900M deployed Q4, $802M committed post-quarter. AI seen as table stakes, not moat; differentiation = vertical knowledge + workflows. Leonard guiding from backseat.
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