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Constellation Software Inc. (CSU.TO)

CAD2,855.53 +53.39 (+1.91%)
CA TSX Technology Software - Application
Address TD Bank Tower M5K 1E6
Toronto, ON, CA
CEO Mark Leonard
IPO 2007-10-25
ISIN CA21037X1006

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Also trades on Other OTC · CNSWF (USD) Toronto Stock Exchange · CSU.TO (CAD)
Description

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. It is involved in the software licensing; and sale of hardware activities. The company also offers professional services consist of implementation services, custom programming, product training, managed services, and consulting services; maintenance and customer support services, and hosted software-as-a-service products; and other recurring services. It operates in Canada, the United States, the United Kingdom, Europe, and internationally. The company was incorporated in 1995 and is headquartered in Toronto, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD2,855.53 +53.39 (+1.91%)
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Volume Profile
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Liquidity & share structure
Average Volume
66.6K
Beta
0.70
Float Shares
19.78M
Free Float %
93.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.66% -1.27% +0.69% +7.49% -24.23% -23.27% -49.18% -3.69% +46.16% +403.61% +13,780.27%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,855.53
DCF (Unlevered) 10,912.16 +282.1%
DCF (Levered) 7,659.10 +168.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 83% Bullish
Rating 2026-05 Change
Strong Buy 2 -1
Buy 8 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.22
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +17.5% Q1'26: +17.9% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    -28.7% Q1'26: +165.8% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +22.6% Q1'26: +26.1% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +16.3% Q1'26: +14.4% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +18.9% Q1'26: +21.1% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    1.73× Q1'26: 1.68× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.66) × ERP
WACC = 87% × Ke + 13% × Kd (5.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10,736.78 Current price: 2,855.53
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
2 EPS Ana.
Dec 2027
11 Rev. Ana.
5 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
437.94M
est: 430.33M (+1.8%)
630.86M
est: 632.04M (-0.2%)
773.34M
est: 787.45M (-1.8%)
891.23M
est: 878.55M (+1.4%)
1.21B
est: 1.21B (+0.0%)
1.67B
est: 1.69B (-1.2%)
1.84B
est: 2.52B (-27.1%)
2.13B
est: 2.86B (-25.6%)
2.48B
est: 3.08B (-19.4%)
3.06B
est: 4.14B (-26.0%)
3.49B
est: 4.52B (-22.9%)
3.97B
est: 5.00B (-20.7%)
5.11B
est: 6.47B (-21.1%)
6.62B
est: 8.91B (-25.7%)
8.41B
est: 6.78B (+24.0%)
10.07B
est: 10.09B (-0.3%)
11.83B
est: 11.59B (+2.1%)
13.54B
13.41B – 13.77B
+16.9% YoY
15.74B
15.07B – 16.46B
+16.2% YoY
18.29B
17.79B – 18.88B
+16.2% YoY
EBITDA
84.56M
est: 81.89M (+3.3%)
114.88M
est: 119.56M (-3.9%)
170.94M
est: 153.64M (+11.3%)
122.90M
est: 185.88M (-33.9%)
155.16M
est: 306.55M (-49.4%)
244.48M
est: 342.75M (-28.7%)
330.25M
est: 354.01M (-6.7%)
407.20M
est: 521.72M (-21.9%)
475.00M
est: 535.23M (-11.3%)
577.00M
est: 672.21M (-14.2%)
654.00M
est: 902.24M (-27.5%)
859.00M
est: 921.86M (-6.8%)
1.11B
est: 1.08B (+2.8%)
1.25B
est: 1.28B (-1.9%)
1.60B
est: 2.34B (-31.5%)
1.97B
est: 2.58B (-23.6%)
3.34B
est: 3.99B (-16.4%)
4.67B
4.62B – 4.74B
+16.9% YoY
5.42B
5.19B – 5.67B
+16.2% YoY
6.30B
6.13B – 6.50B
+16.2% YoY
EBIT
20.16M
est: 22.03M (-8.5%)
40.20M
est: 25.58M (+57.1%)
86.42M
est: 58.51M (+47.7%)
92.19M
est: 91.49M (+0.8%)
114.94M
est: 128.75M (-10.7%)
186.88M
est: 171.44M (+9.0%)
271.80M
est: 192.99M (+40.8%)
337.67M
est: 311.13M (+8.5%)
396.70M
est: 390.25M (+1.7%)
476.00M
est: 496.79M (-4.2%)
520.00M
est: 628.09M (-17.2%)
688.00M
est: 616.05M (+11.7%)
870.00M
est: 721.51M (+20.6%)
920.00M
est: 852.91M (+7.9%)
1.18B
est: 1.03B (+14.8%)
1.47B
est: 1.52B (-3.3%)
1.93B
est: 1.76B (+9.7%)
2.06B
2.04B – 2.09B
+16.9% YoY
2.39B
2.29B – 2.50B
+16.2% YoY
2.78B
2.70B – 2.87B
+16.2% YoY
Net Income
10.22M
est: 19.43M (-47.4%)
30.02M
est: 14.91M (+101.3%)
157.17M
est: 52.26M (+200.8%)
92.63M
est: 175.39M (-47.2%)
93.14M
est: 127.92M (-27.2%)
103.10M
est: 129.98M (-20.7%)
177.25M
est: 112.33M (+57.8%)
206.78M
est: 208.05M (-0.6%)
221.90M
est: 237.73M (-6.7%)
379.00M
est: 275.23M (+37.7%)
333.00M
est: 436.01M (-23.6%)
436.00M
est: 368.96M (+18.2%)
310.00M
est: 432.13M (-28.3%)
512.00M
est: 486.00M (+5.3%)
565.00M
est: 474.69M (+19.0%)
731.00M
est: 1.65B (-55.6%)
520.96M
est: 2.05B (-74.6%)
2.45B
2.40B – 2.51B
+19.7% YoY
2.92B
2.73B – 3.10B
+18.8% YoY
1.89B
1.63B – 2.16B
-35.0% YoY
SGA
117.58M
est: 120.89M (-2.7%)
166.98M
est: 171.89M (-2.9%)
82.89M
est: 208.77M (-60.3%)
98.33M
est: 481.65M (-79.6%)
141.10M
est: 695.56M (-79.7%)
190.31M
est: 975.47M (-80.5%)
201.69M
est: 1.31B (-84.6%)
235.73M
est: 1.17B (-79.9%)
277.10M
est: 1.34B (-79.4%)
341.00M
est: 1.72B (-80.2%)
331.00M
est: 2.04B (-83.7%)
247.00M
est: 2.17B (-88.6%)
359.00M
est: 2.54B (-85.9%)
556.00M
est: 3.01B (-81.5%)
711.00M
est: 562.26M (+26.5%)
874.00M
est: 4.18B (-79.1%)
1.05B
est: 960.98M (+9.5%)
1.12B
1.11B – 1.14B
+16.9% YoY
1.31B
1.25B – 1.36B
+16.2% YoY
1.52B
1.47B – 1.57B
+16.2% YoY
EPS
0.48
est: 2.96 (-83.8%)
1.42
est: 4.21 (-66.3%)
7.42
est: 6.39 (+16.1%)
4.37
est: 7.11 (-38.6%)
4.39
est: 8.94 (-50.9%)
4.86
est: 11.32 (-57.1%)
8.36
est: 15.24 (-45.1%)
9.76
est: 17.00 (-42.6%)
10.47
est: 19.28 (-45.7%)
17.88
est: 26.57 (-32.7%)
15.71
est: 25.50 (-38.4%)
20.57
est: 35.30 (-41.7%)
14.63
est: 39.66 (-63.1%)
24.16
est: 48.91 (-50.6%)
26.66
est: 22.40 (+19.0%)
34.49
est: 77.50 (-55.5%)
24.58
est: 96.45 (-74.5%)
115.44
113.16 – 118.53
+19.7% YoY
136.69
129.00 – 146.22
+18.4% YoY
89.41
76.97 – 101.86
-34.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-05-08 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-05-07 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-05-06 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-05-05 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-05-04 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-05-01 B- 3/5 5/5 4/5 3/5 1/5 1/5 1/5
2026-04-30 B- 3/5 5/5 4/5 3/5 1/5 1/5 1/5
2026-04-29 B- 3/5 5/5 4/5 3/5 1/5 1/5 1/5
2026-04-28 B- 3/5 5/5 4/5 3/5 1/5 1/5 1/5
2026-04-27 B- 3/5 5/5 4/5 3/5 1/5 1/5 1/5
2026-04-24 B- 3/5 5/5 4/5 3/5 1/5 1/5 1/5
2026-04-23 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-04-22 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-04-21 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-04-20 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-04-17 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-04-16 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5
2026-04-15 B 3/5 5/5 4/5 4/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.68B
OE per share TTM
126.54
Owner's Yield
5.24%
Maintenance CapEx ratio
9.42%
Maint CapEx / Avg PPE
6.1%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
5
Total invested
17.87M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
5
-13 vs prev Q
New positions
1
Closed positions
14
Increased
1
Reduced
2
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 MN SERVICES VERMOGENSBEHEER B.V. 7.8K +67.0 (+0.9%) 18.71M -2.2M (-10.5%) 0.04% +0.000 pp 0.12% -0.020 pp CAD2,862.94 +15.3% 11 qtrs
2 APPLETON PARTNERS INC/MA 2.5K -131.0 (-5.0%) 5.96M -1.1M (-16.1%) 0.01% -0.001 pp 0.39% -0.084 pp CAD3,134.32 +5.3% 13 qtrs
3 TORRAY INVESTMENT PARTNERS LLC 2.1K -151.0 (-6.6%) 5.14M -1.1M (-17.2%) 0.01% -0.001 pp 0.74% -0.106 pp CAD1,808.39 +82.6% 20 qtrs
4 ATLAS CAPITAL ADVISORS LLC 2.00 +2.0 (+100.0%) 4.81M +4.8M (+100.0%) 0.00% +0.000 pp 0.00% +0.001 pp CAD3,301.00 +0.0% 1 qtrs NEW
5 O'BRIEN GREENE & CO. INC 946.00 +946.0 (+100.0%) 2.27M +2.3M (+100.0%) 0.00% +0.005 pp 0.67% +0.674 pp CAD3,301.40 +0.0% 1 qtrs NEW
6 DF DENT & CO INC 621.00 -29.0 (-4.5%) 1.49M -275.8K (-15.6%) 0.00% 0.000 pp 0.02% -0.001 pp CAD877.81 +276.1% 33 qtrs
7 HIGHPOINT ADVISOR GROUP LLC 400.00 +— (+0.0%) 959.9K -126.9K (-11.7%) 0.00% +0.000 pp 0.04% -0.007 pp CAD3,285.27 +0.5% 9 qtrs
8 ANCORA ADVISORS, LLC 370.00 +59.0 (+19.0%) 891.1K +46.7K (+5.5%) 0.00% +0.000 pp 0.02% +0.002 pp CAD1,798.37 +83.6% 25 qtrs
9 KIRTLAND HILLS CAPITAL MANAGEMENT, LLC 343.00 -20.0 (-5.5%) 823.1K -163.2K (-16.5%) 0.00% 0.000 pp 0.29% -0.102 pp CAD3,712.78 -11.1% 8 qtrs
10 LOUNTZIS ASSET MANAGEMENT, LLC 285.00 -26.0 (-8.4%) 685.9K -158.5K (-18.8%) 0.00% 0.000 pp 0.24% -0.032 pp CAD2,769.62 +19.2% 12 qtrs
11 STUDIO INVESTMENT MANAGEMENT LLC 89.00 +4.0 (+4.7%) 214.2K -16.6K (-7.2%) 0.00% +0.000 pp 0.04% -0.004 pp CAD3,014.66 +9.5% 10 qtrs
12 BECK MACK & OLIVER LLC 88.00 +— (+0.0%) 211.7K -27.2K (-11.4%) 0.00% +0.000 pp 0.00% -0.001 pp CAD3,941.88 -16.2% 9 qtrs
13 GAMMA INVESTING LLC 37.00 -27.0 (-42.2%) 88.8K -85.1K (-48.9%) 0.00% 0.000 pp 0.00% -0.005 pp CAD3,753.68 -12.0% 9 qtrs
14 KELLEHER FINANCIAL ADVISORS 12.00 +— (+0.0%) 28.9K -3.7K (-11.3%) 0.00% +0.000 pp 0.01% -0.002 pp CAD3,777.92 -12.6% 2 qtrs
15 ORG PARTNERS LLC 10.00 +— (+0.0%) 24.1K -3.1K (-11.3%) 0.00% +0.000 pp 0.00% -0.001 pp CAD4,993.20 -33.9% 3 qtrs
16 VICTORY CAPITAL MANAGEMENT INC 6.00 +6.0 (+100.0%) 14.4K +14.4K (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp CAD3,301.33 +0.0% 1 qtrs NEW
17 PNC FINANCIAL SERVICES GROUP, INC. 5.00 -1.0 (-16.7%) 12.0K -4.2K (-26.1%) 0.00% +0.000 pp 0.00% +0.000 pp CAD2,742.00 +20.4% 14 qtrs
18 STEIGERWALD, GORDON & KOCH INC. 1.00 +1.0 (+100.0%) 2.4K +2.4K (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp CAD3,301.00 +0.0% 1 qtrs NEW
19 RHUMBLINE ADVISERS -5.0 (-100.0%) -13.6K (-100.0%) 0.00% +0.000 pp 0.00% +0.000 pp CAD 11 qtrs SOLD
20 HWG HOLDINGS LP -278.0 (-100.0%) -754.5K (-100.0%) 0.00% -0.001 pp 0.00% -0.191 pp CAD 4 qtrs SOLD
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
28.0K
Shares Outstanding
21.19M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Daniel Zinman President & Chief Executive Officer of Perseus Operating Group 3M male
Damian McKay Chief Executive Officer of Vela Software Group 3M male
Mark Robert Miller President, COO & Director 3M male
Jamal Nizam Baksh Chief Financial Officer & Director 1M male
Mark Leonard Founder & Director male
Farley Noble Senior Vice President of Large Investments & Strategy male
Daan Dijkhuizen Managing Partner,VMS Ventures male
Bernard Anzarouth Chief Investment Officer male
Mark Dennison General Counsel & Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits