Added to YB: 2026-05-15
Pitch date: 2026-05-14
CSU.TO [neutral]
Constellation Software Inc.
Author Info
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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 37.1B
Pitch Price
N/A
Price Target
N/A
Dividend
0.23%
EV/EBITDA
15.75
P/E
50.00
EV/Sales
3.33
Sector
Software
Category
growth
Constellation Software Q1 2026
CSU.TO (earnings): Q1 rev $3.18B (+20% YoY). Headline FCFA2S +44% to $733M distorted by $76M IRGA liability revaluation; adjusted FCFA2S +9% to $657M, but underlying cash conversion ~16-18% after FX/working capital timing. Deployed $809M in Q1 + $786M committed post-quarter = $1.59B in 135 days vs $1.59B all of 2025. PEMS strategy (Sabre stake) expands TAM. Altera -13% organic drag. Recurring maintenance +4% organic. AI tailwind, not threat.
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