Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Mex$37,474, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Software industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$60,236 per share. Announcement • May 14
Constellation Software Inc. Declares Quarterly Dividend, Payable on July 10, 2026 Constellation Software Inc. declared a $1.00 per share dividend payable on July 10, 2026 to all common shareholders of record at close of business on June 19, 2026. Announcement • Apr 16
Constellation Software Inc. to Report Q1, 2026 Results on May 12, 2026 Constellation Software Inc. announced that they will report Q1, 2026 results After-Market on May 12, 2026 Announcement • Mar 28
Constellation Software Inc. Announces Mark Leonard’s Decision to Not Stand for Re-Election to Board of Directors, Effective May 15, 2026 Constellation Software Inc. announced that Mark Leonard, the founder and former President of Constellation, will not stand for re-election to the Board of Directors. His current term will conclude following Constellation’s annual meeting of shareholders on May 15, 2026. Mr. Leonard will continue to serve as an advisor to Constellation, with a particular focus on supporting the company’s Permanent Engaged Minority Shareholder (“PEMS”) strategy—an initiative centered on selective, long-term, and engaged minority investments that complement Constellation’s longstanding acquisition model. Recent Insider Transactions • Mar 18
Insider recently bought Mex$11m worth of stock On the 12th of March, Dexter Salna bought around 300 shares on-market at roughly Mex$35,326 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$1.1b more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 15
Insider recently bought Mex$11m worth of stock On the 12th of March, Dexter Salna bought around 300 shares on-market at roughly Mex$35,326 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$1.1b more in shares than they bought in the last 12 months. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: US$24.16 (vs US$34.50 in FY 2024) Full year 2025 results: EPS: US$24.16 (down from US$34.50 in FY 2024). Revenue: US$11.6b (up 16% from FY 2024). Net income: US$512.0m (down 30% from FY 2024). Profit margin: 4.4% (down from 7.3% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Software industry. Announcement • Feb 18
Constellation Software Inc. to Report Q4, 2025 Results on Mar 09, 2026 Constellation Software Inc. announced that they will report Q4, 2025 results After-Market on Mar 09, 2026 Announcement • Feb 11
Constellation Homebuilder Systems Announces Stella AI- the Purpose-Built Ai Agent Delivering Instant, Decision-Ready Insights for Homebuilders Constellation HomeBuilder Systems announced Stella AI, an enterprise-grade AI agent for homebuilders. Built for executives and frontline teams alike, Stella AI blends industry-specific intelligence, data security, and integration with builder workflows. Stella AI gives builders immediate visibility into market trends, performance shifts, and opportunities for improvement by surfacing insights from BuilderMetrix - Constellation's proprietary real-time data, analytics, and benchmarking platform. BuilderMetrix features a robust homebuilding dataset which includes aggregated and anonymized financial and operational data from live builder ERP systems, and other third-party data that a builder may subscribe to. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Mex$35,000, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 22x in the Software industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$61,286 per share. Recent Insider Transactions • Dec 19
President recently bought Mex$65m worth of stock On the 12th of December, Mark Miller bought around 2k shares on-market at roughly Mex$43,008 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of Mex$79m worth in shares. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to Mex$44,054, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 23x in the Software industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$65,173 per share. Announcement • Dec 10
Constellation Software Inc. Announces Appointment of Mark Miller to Board of Directors Constellation Software Inc. announced the appointment of Mark Miller to Constellation’s Board of Directors. Mr. Miller is the President of Constellation, and Executive Chairman of the Volaris Group. Mr. Miller has worked with Constellation, Volaris Group and its subsidiaries for more than 30 years. Mr. Miller co-founded Trapeze Group in 1988, which was the first company acquired by Constellation in 1995. Announcement • Nov 08
Constellation Software Inc. Declares Quarterly Dividend, Payable on January 12, 2026 Constellation Software Inc. declared a $1.00 per share dividend payable on January 12, 2026 to all common shareholders of record at close of business on December 19, 2025. This dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Oct 21
Constellation Software Inc. to Report Q3, 2025 Results on Nov 07, 2025 Constellation Software Inc. announced that they will report Q3, 2025 results After-Market on Nov 07, 2025 Announcement • Sep 26
Constellation Software Inc. Announces President Changes Constellation Software Inc. announced that Mark Leonard has made the decision to resign from his position as President of Constellation for health reasons, effective immediately. Mark Miller, who is currently the Chief Operating Officer of Constellation, has been appointed President by the Constellation Board of Directors. Mr. Leonard will remain as a Director on the Board, and Mr. Miller’s other roles within Constellation will remain unchanged. Declared Dividend • Sep 06
Second quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 19th September 2025 Payment date: 10th October 2025 Dividend yield will be 0.1%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 4%. Announcement • Jul 15
Constellation Software Inc. to Report Q2, 2025 Results on Aug 08, 2025 Constellation Software Inc. announced that they will report Q2, 2025 results After-Market on Aug 08, 2025 Announcement • May 13
Constellation Software Inc. Declares Quarterly Dividend, Payable on July 11, 2025 Constellation Software Inc. declared a quarterly cash dividend of $1.00 per share, payable on July 11, 2025 to all common shareholders of record at close of business on June 20, 2025. Announcement • Apr 15
Constellation Software Inc. to Report Q1, 2025 Results on May 12, 2025 Constellation Software Inc. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Announcement • Mar 11
Constellation Software Inc., Annual General Meeting, May 13, 2025 Constellation Software Inc., Annual General Meeting, May 13, 2025. Announcement • Mar 08
Constellation Software Inc. Declares Quarterly Dividend, Payable on April 15, 2025 Constellation Software Inc. declared a $1.00 per share dividend payable on April 15, 2025 to all common shareholders of record at close of business on March 28, 2025. Announcement • Feb 12
Constellation Software Inc. to Report Q4, 2024 Results on Mar 07, 2025 Constellation Software Inc. announced that they will report Q4, 2024 results After-Market on Mar 07, 2025 Announcement • Nov 09
Constellation Software Inc. Declares Quarterly Cash Dividend, Payable on January 10, 2025 Constellation Software Inc. declared a $1.00 per share dividend payable on January 10, 2025 to all common shareholders of record at close of business on December 20, 2024. This dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Oct 16
Constellation Software Inc. to Report Q3, 2024 Results on Nov 08, 2024 Constellation Software Inc. announced that they will report Q3, 2024 results After-Market on Nov 08, 2024 Declared Dividend • Aug 16
Second quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 20th September 2024 Payment date: 10th October 2024 Dividend yield will be 0.1%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 4%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: US$8.35 (vs US$4.86 in 2Q 2023) Second quarter 2024 results: EPS: US$8.35 (up from US$4.86 in 2Q 2023). Revenue: US$2.47b (up 21% from 2Q 2023). Net income: US$177.0m (up 72% from 2Q 2023). Profit margin: 7.2% (up from 5.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Software industry. Recent Insider Transactions • Jul 23
General Counsel & Secretary recently sold Mex$4.6m worth of stock On the 19th of July, Mark Dennison sold around 83.0 shares on-market at roughly Mex$55,058 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$1.3b. Insiders have been net sellers, collectively disposing of Mex$2.7b more than they bought in the last 12 months. Announcement • Jul 16
Constellation Software Inc. to Report Q2, 2024 Results on Aug 09, 2024 Constellation Software Inc. announced that they will report Q2, 2024 results After-Market on Aug 09, 2024 Announcement • Jun 25
Constellation Software Inc. Announces Executive Appointments of Omegro Constellation Software Inc. announced that Kevin Bradley and Troy O’Connor have been named Omegro’s Co-CEOs responsible for capital generation and capital deployment respectively. Both Bradley and O’Connor have deep global experience managing software businesses across the wide spectrum of software solutions. Bradley has had an impressive career leading successful software businesses across multiple sectors including financial services, supply chain and FMCG. Having joined Constellation Software Inc. over a decade ago through acquisition and having acquired and grown multiple businesses along the way, Bradley is an expert on the best practices required to run a world-class software business. O’Connor’s career spans over 25 years in the software industry having started in consulting before spending 10+ years as a co-founder of a software business. He joined Constellation Software Inc. in 2017 via the acquisition of Smartrak, where he was the CEO. Smartrak remains an Omegro portfolio company today. During his time at Constellation Software, O’Connor has had senior roles across both operations and M&A that has included leading numerous acquisitions of Omegro portfolio companies. Announcement • May 16
Constellation Software Inc. Announces Several Changes to the Harris Executive Team, Effective June 1, 2024 The Harris operating group of Constellation Software Inc. announced several changes to the Harris executive team which will go into effect June 1, 2024: Jeff Bender will take on the newly created role of Executive Chairman of Harris and will continue to oversee the Harris Operating Group on behalf of Constellation Software. Jeff will also continue as a Director of Constellation. As Executive Chairman of Harris, Jeff will continue to drive overall strategy, provide oversight on complex M&A transactions, and support the development of Harris' senior business leaders. Jean Soucy to be appointed as Harris Group CEO. Jean was previously the President of the Harris Public Sector group. Announcement • May 11
Constellation Software Inc. Declares Quarterly Dividend, Payable on July 11, 2024 Constellation Software Inc. declared a $1.00 per share quarterly dividend payable on July 11, 2024 to all common shareholders of record at close of business on June 20, 2024. Announcement • Apr 17
Constellation Software Inc. to Report Q1, 2024 Results on May 10, 2024 Constellation Software Inc. announced that they will report Q1, 2024 results After-Market on May 10, 2024 Announcement • Mar 09
Constellation Software Inc., Annual General Meeting, May 13, 2024 Constellation Software Inc., Annual General Meeting, May 13, 2024. Announcement • Mar 07
Constellation Software Inc. Declares Quarterly Dividend, Payable on April 15, 2024 Constellation Software Inc. declared a $1.00 per share dividend payable on April 15, 2024 to all common shareholders of record at close of business on March 28, 2024. Announcement • Feb 09
Constellation Software Inc. announced that it expects to receive $1 billion in funding Constellation Software Inc. announced private placement of 5.158% senior unsecured notes due 2029 for the gross proceeds of $500 million and 5.461% unsecured senior notes due 2034 for the gross proceeds of $500 million for the aggregate gross proceeds of $1,000 million on February 7, 2024. The notes will be senior unsecured obligations of the company and will rank equally in right of payment to all of the company’s existing and future senior unsecured indebtedness, including its amended and restated credit facility agreement announced on January 31, 2024. The notes will be guaranteed by certain subsidiaries of the company on the same basis as such subsidiaries have guaranteed the credit facility. The transaction is expected to close on February 16, 2024. Announcement • Jan 18
Constellation Software Inc. to Report Q4, 2023 Results on Mar 06, 2024 Constellation Software Inc. announced that they will report Q4, 2023 results After-Market on Mar 06, 2024 Announcement • Dec 20
Constellation Software Inc. Announces the Retirement of Dexter Salna as Director Constellation Software Inc. announced the retirement of Dexter Salna, effective December 31, 2023. Perseus is one of the six operating groups within CSI. Mr. Salna will continue to serve on the board of Perseus, along with Mark Leonard and Bernie Anzarouth. Mr. Salna will also continue as a member of the board of directors at CSI. Dexter was the chief executive and architect of Perseus and its predecessors. He founded the group with a 40 employee, Toronto-based acquisition, in early 2004. The group has completed more than 50 acquisitions, has over 4000 employees, and manages a half billion dollars of CSI's capital. Upcoming Dividend • Dec 12
Upcoming dividend of US$1.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 19 December 2023. Payment date: 11 January 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Mexican dividend payers (7.3%). Lower than average of industry peers (0.9%). Recent Insider Transactions • Nov 19
Director recently sold Mex$39m worth of stock On the 15th of November, Barry Symons sold around 1k shares on-market at roughly Mex$39,039 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$72m more than they bought in the last 12 months. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: US$8.36 (vs US$6.42 in 3Q 2022) Third quarter 2023 results: EPS: US$8.36 (up from US$6.42 in 3Q 2022). Revenue: US$2.13b (up 23% from 3Q 2022). Net income: US$177.0m (up 30% from 3Q 2022). Profit margin: 8.3% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Global Software industry. Announcement • Oct 18
Constellation Software Inc. to Report Q3, 2023 Results on Nov 09, 2023 Constellation Software Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 
