Added to YB: 2026-08-14
Pitch date: 2026-08-12
CSU.TO [neutral]
Constellation Software Inc.
+2.79%
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 46.8B
Pitch Price
CAD 3.1K
Price Target
N/A
Dividend
0.18%
EV/EBITDA
20.43
P/E
48.74
EV/Sales
3.99
Sector
Software
Category
growth
Constellation Software ($CSU): Q2 2026 Earnings
CSU.TO (earnings): Q2 2026 rev +17% YoY but organic just 1% FX-adj; recurring rev +2% FX-adj. EPS $12.93 vs $2.66 (+386%), NI $274M, but ~$190M from non-operating tailwinds (FX swing, tax rate 27% vs 53%). CFO +10%, FCF +57% (helped by non-recurring $69M Asseco div). M&A accelerating: H1 spend $1.59B (2.6x YoY) exploiting SaaSpocalypse; Synchronoss ($309M), DerbySoft ($392M), both margin-dilutive but ROIC from post-close ops.
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