Professional
Added to YB: 2025-06-09
Pitch date: 2025-03-31
CDW [bullish]
CDW Corporation
-33.8%
current return
Author Info
No bio for this author
Company Info
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.
Market Cap
$12.8B
Pitch Price
$160.49
Price Target
N/A
Dividend
2.51%
EV/EBITDA
9.01
P/E
12.22
EV/Sales
0.80
Sector
Electronic Equipment, Instruments and Components
Category
value
Macquarie Value Fund New Position: CDW Corporation
CDW (new position): Leading IT solutions provider facing -30% decline from spring high amid 2022-23 device spending slump. Trading in-line with 5-yr avg but below long-term IT sector multiple. Attractive capital allocation: growing dividend, 2-3x leverage target, buybacks. Catalysts include Windows 10 expiration (Oct 2025) driving device upgrades and AI adoption consulting services.