Constellation Software Inc.

OTCPK:CNSW.F Stock Report

Market Cap: US$67.2b

Constellation Software Valuation

Is CNSW.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CNSW.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNSW.F ($3206.56) is trading below our estimate of fair value ($3749.81)

Significantly Below Fair Value: CNSW.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNSW.F?

Key metric: As CNSW.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNSW.F. This is calculated by dividing CNSW.F's market cap by their current earnings.
What is CNSW.F's PE Ratio?
PE Ratio116.3x
EarningsUS$587.00m
Market CapUS$67.24b

Price to Earnings Ratio vs Peers

How does CNSW.F's PE Ratio compare to its peers?

The above table shows the PE ratio for CNSW.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.6x
WDAY Workday
44.4x13.6%US$68.6b
ADSK Autodesk
62.6x15.7%US$65.6b
ROP Roper Technologies
40.2x10.7%US$58.8b
SNPS Synopsys
55x12.7%US$82.0b
CNSW.F Constellation Software
116.3x26.8%US$94.0b

Price-To-Earnings vs Peers: CNSW.F is expensive based on its Price-To-Earnings Ratio (116.3x) compared to the peer average (50.6x).

Price to Earnings Ratio vs Industry

How does CNSW.F's PE Ratio compare vs other companies in the US Software Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AISP Airship AI Holdings
4.5x-27.8%US$74.21m
GRRR Gorilla Technology Group
2x-67.4%US$45.52m
NISN Nisun International Enterprise Development Group
2.1xn/aUS$35.53m
NXTT Next Technology Holding
0.5xn/aUS$19.19m
CNSW.F 116.3xIndustry Avg. 41.0xNo. of Companies12PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNSW.F is expensive based on its Price-To-Earnings Ratio (116.3x) compared to the US Software industry average (41x).

Price to Earnings Ratio vs Fair Ratio

What is CNSW.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNSW.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio116.3x
Fair PE Ratio50.6x

Price-To-Earnings vs Fair Ratio: CNSW.F is expensive based on its Price-To-Earnings Ratio (116.3x) compared to the estimated Fair Price-To-Earnings Ratio (50.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CNSW.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3,206.56
US$3,417.64
+6.6%
11.2%US$3,810.46US$2,342.02n/a10
Nov ’25US$3,045.90
US$3,222.76
+5.8%
18.2%US$3,610.89US$1,535.57n/a10
Oct ’25US$3,226.53
US$3,208.16
-0.6%
18.0%US$3,638.80US$1,535.57n/a10
Sep ’25US$3,250.00
US$3,199.45
-1.6%
18.0%US$3,638.80US$1,535.57n/a10
Aug ’25US$3,074.74
US$3,009.36
-2.1%
18.3%US$3,626.08US$1,539.82n/a10
Jul ’25US$2,904.50
US$2,872.85
-1.1%
16.8%US$3,153.07US$1,539.82n/a9
Jun ’25US$2,778.69
US$2,875.36
+3.5%
16.9%US$3,153.07US$1,539.82n/a9
May ’25US$2,627.00
US$3,027.29
+15.2%
3.0%US$3,132.51US$2,822.07n/a8
Apr ’25US$2,700.68
US$3,048.82
+12.9%
3.5%US$3,193.39US$2,822.07n/a8
Mar ’25US$2,825.35
US$2,729.95
-3.4%
10.6%US$3,180.38US$2,277.18n/a7
Feb ’25US$2,792.04
US$2,740.42
-1.8%
10.5%US$3,180.38US$2,277.18n/a7
Jan ’25US$2,484.65
US$2,427.37
-2.3%
6.0%US$2,713.46US$2,241.03n/a8
Dec ’24US$2,373.07
US$2,379.33
+0.3%
3.3%US$2,475.30US$2,241.03n/a8
Nov ’24US$2,039.28
US$2,303.43
+13.0%
3.7%US$2,409.34US$2,116.88US$3,045.907
Oct ’24US$2,063.34
US$2,316.89
+12.3%
4.1%US$2,441.21US$2,116.88US$3,226.537
Sep ’24US$2,093.00
US$2,308.14
+10.3%
4.4%US$2,432.73US$2,116.88US$3,250.007
Aug ’24US$2,084.79
US$2,262.69
+8.5%
6.1%US$2,465.90US$2,043.91US$3,074.747
Jul ’24US$2,082.64
US$2,172.95
+4.3%
4.7%US$2,355.07US$2,043.91US$2,904.507
Jun ’24US$2,031.08
US$2,172.95
+7.0%
4.7%US$2,355.07US$2,043.91US$2,778.697
May ’24US$1,990.00
US$2,074.34
+4.2%
7.0%US$2,230.52US$1,847.56US$2,627.007
Apr ’24US$1,877.97
US$1,986.41
+5.8%
6.5%US$2,217.07US$1,810.60US$2,700.687
Mar ’24US$1,680.00
US$1,869.60
+11.3%
7.2%US$2,059.00US$1,662.09US$2,825.356
Feb ’24US$1,787.00
US$1,799.01
+0.7%
7.8%US$2,059.00US$1,662.09US$2,792.047
Jan ’24US$1,558.07
US$1,749.52
+12.3%
4.9%US$1,920.63US$1,662.09US$2,484.657
Dec ’23US$1,636.61
US$1,737.27
+6.2%
4.9%US$1,927.51US$1,668.04US$2,373.077
Nov ’23US$1,449.00
US$1,819.63
+25.6%
4.1%US$1,904.13US$1,714.30US$2,039.287

Analyst Forecast: Target price is less than 20% higher than the current share price.

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