<- Go home

Added to YB: 2026-01-20

Pitch date: 2026-01-17

CSU.TO [bullish]

Constellation Software Inc.

-13.74%

current return

Author Info

Expanse Stocks is a research-driven newsletter on equities & long-term investing. Sign up for the newsletter.

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 36.7B

Pitch Price

CAD 2.8K

Price Target

N/A

Dividend

0.23%

EV/EBITDA

19.52

P/E

53.40

EV/Sales

3.58

Sector

Software

Category

value

Show full summary:
Top Picks 2026: Constellation Software (CSU) and Spin-Offs — Buying the Panic

CSU.TO: Down 45% from highs on AI fears for VMS model. Trades 22x FCFA2S vs 20%+ historical returns. Mission-critical systems in utilities/public sector have zero failure tolerance, high switching costs. No data showing cancellations/slowing growth. AI likely productivity layer vs replacement. Management proven adaptive across tech shifts. Conservative 15%+ IRR at current levels.

Read full article (3 min)