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 Q2 2026
CSU.TO (earnings): Q2 FX-neutral recurring organic growth decelerated to 2% (tough comp + Altera/Dark Matter/Lumine drags), but core ex-Altera grew 4%, ~5% normalized. TTM FCFA2S crossed $2B (+29% YoY). Deployed/committed $2.5B+ YTD, on track for $3B+ 2026 record at 20%+ hurdles. Altera carve-out=31% ROE. Margin 26.8% (-150bps) on M&A digestion, should mean-revert. Author sees market mispricing print; remains premier compounder.
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