THE DESCARTES SYSTEMS GROUP INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 128.8 CAD | -0.19% |
|
+3.85% | +15.69% |
Valuation
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,769 | 5,154 | 6,155 | 6,188 | 7,454 | 8,015 | - | - |
| Enterprise Value (EV) 1 | 3,725 | 5,020 | 5,942 | 5,911 | 7,454 | 7,561 | 7,372 | 7,105 |
| P/E ratio | 99.5 x | 100 x | 72.7 x | 61.8 x | 65.4 x | 55.1 x | 48 x | 40.8 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 11.6 x | 14.8 x | 14.5 x | 12.7 x | 13 x | 12.7 x | 11.5 x | 10.4 x |
| EV / Revenue | 11.4 x | 14.4 x | 14 x | 12.2 x | 13 x | 11.9 x | 10.5 x | 9.25 x |
| EV / EBITDA | 30.4 x | 35.4 x | 32 x | 27.5 x | 30.1 x | 27 x | 23.5 x | 20.4 x |
| EV / FCF | 37.5 x | 39.4 x | 34.7 x | 31.7 x | - | 34 x | 27.8 x | 23.2 x |
| FCF Yield | 2.67% | 2.54% | 2.88% | 3.15% | - | 2.94% | 3.6% | 4.31% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 84,155 | 84,492 | 84,658 | 84,818 | 85,077 | 85,185 | - | - |
| Reference price 2 | 44.79 | 61.00 | 72.71 | 72.95 | 87.62 | 94.09 | 94.09 | 94.09 |
| Announcement Date | 3/4/20 | 3/3/21 | 3/2/22 | 3/1/23 | 3/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 325.8 | 348.7 | 424.7 | 486 | 572.9 | 633 | 699.2 | 767.7 |
| EBITDA 1 | 122.6 | 142 | 185.7 | 215.2 | 247.5 | 280.2 | 314.1 | 348.8 |
| EBIT 1 | 52.26 | 71.4 | 103.4 | 130.4 | 142.8 | 192.5 | 224.2 | 267.7 |
| Operating Margin | 16.04% | 20.48% | 24.36% | 26.84% | 24.93% | 30.42% | 32.07% | 34.87% |
| Earnings before Tax (EBT) 1 | 48.04 | 70.37 | 102.6 | 133.7 | 151.2 | 202 | 237.1 | 271.7 |
| Net income 1 | 37 | 52.1 | 86.28 | 102.2 | 115.9 | 148.2 | 171.6 | 198.9 |
| Net margin | 11.36% | 14.94% | 20.32% | 21.04% | 20.23% | 23.41% | 24.54% | 25.91% |
| EPS 2 | 0.4500 | 0.6100 | 1.000 | 1.180 | 1.340 | 1.709 | 1.961 | 2.307 |
| Free Cash Flow 1 | 99.35 | 127.5 | 171.3 | 186.3 | - | 222.3 | 265.1 | 306 |
| FCF margin | 30.5% | 36.56% | 40.34% | 38.34% | - | 35.13% | 37.91% | 39.86% |
| FCF Conversion (EBITDA) | 81.04% | 89.77% | 92.25% | 86.58% | - | 79.35% | 84.38% | 87.74% |
| FCF Conversion (Net income) | 268.54% | 244.67% | 198.55% | 182.25% | - | 150.06% | 154.45% | 153.82% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 3/3/21 | 3/2/22 | 3/1/23 | 3/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: January | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 108.9 | 112.4 | 116.4 | 123 | 121.5 | 125.1 | 136.6 | 143.4 | 144.7 | 148.2 | 157 | 156.6 | 160 | 163.9 | 167.9 |
| EBITDA 1 | 48.2 | 50.1 | 51.2 | 54 | 54.5 | 55.4 | 57.35 | 60.6 | 63.5 | 65.7 | 66.62 | 69.26 | 70.76 | 73.39 | 75 |
| EBIT 1 | 27.89 | 26 | 30.6 | 31.55 | 34.7 | 33.6 | 36.56 | 36.83 | 32.4 | 37 | 43.98 | 46.22 | 47.82 | 50.5 | 51.2 |
| Operating Margin | 25.61% | 23.13% | 26.29% | 25.65% | 28.56% | 26.86% | 26.76% | 25.68% | 22.39% | 24.97% | 28% | 29.51% | 29.88% | 30.81% | 30.49% |
| Earnings before Tax (EBT) 1 | 27.65 | 25.86 | 30.47 | 31.72 | 35.45 | 36.08 | 37.78 | 38.5 | 34.78 | 40.09 | 47.23 | 48.96 | 51.09 | 54.15 | 54.97 |
| Net income 1 | 25.49 | 19.2 | 23.12 | 22.9 | 26.47 | 29.8 | 29.35 | 28.12 | 26.6 | 31.8 | 34.86 | 36.68 | 37.73 | 39.81 | 40.67 |
| Net margin | 23.41% | 17.08% | 19.86% | 18.62% | 21.79% | 23.82% | 21.49% | 19.61% | 18.38% | 21.46% | 22.2% | 23.42% | 23.58% | 24.29% | 24.22% |
| EPS 2 | 0.3000 | 0.2200 | 0.2700 | 0.2700 | 0.3100 | 0.3400 | 0.3400 | 0.3200 | 0.3100 | 0.3700 | 0.3982 | 0.4224 | 0.4318 | 0.4539 | 0.4654 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 12/1/21 | 3/2/22 | 6/1/22 | 9/7/22 | 12/7/22 | 3/1/23 | 5/31/23 | 9/6/23 | 12/5/23 | 3/6/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 44.4 | 134 | 213 | 276 | - | 454 | 643 | 910 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 99.4 | 127 | 171 | 186 | - | 222 | 265 | 306 |
| ROE (net income / shareholders' equity) | - | 6.01% | 9.03% | 9.74% | - | 10.8% | 10.8% | 11.3% |
| ROA (Net income/ Total Assets) | - | 5.18% | 7.67% | 8.17% | - | 10.3% | 10.3% | 10.8% |
| Assets 1 | - | 1,006 | 1,124 | 1,251 | - | 1,439 | 1,666 | 1,842 |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 1.260 | 1.530 | 2.040 | 2.230 | - | 2.500 | 3.180 | 3.640 |
| Capex 1 | 4.9 | 3.76 | 4.83 | 6.07 | - | 6.1 | 7.17 | 9.14 |
| Capex / Sales | 1.5% | 1.08% | 1.14% | 1.25% | - | 0.96% | 1.03% | 1.19% |
| Announcement Date | 3/4/20 | 3/3/21 | 3/2/22 | 3/1/23 | 3/6/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
94.09
USD
Average target price
91.95
USD
Spread / Average Target
-2.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.69% | 8.01B | |
| +11.17% | 322B | |
| +24.75% | 216B | |
| +2.41% | 149B | |
| +10.65% | 56.27B | |
| +8.71% | 32.13B | |
| -4.57% | 27.45B | |
| +103.03% | 22.62B | |
| +20.22% | 19.55B | |
| +0.04% | 14.61B |
- Stock Market
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- Financials The Descartes Systems Group Inc.
