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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.72
CNSWF's Cash to Debt is ranked lower than
79% of the 1848 Companies
in the Global Software - Application industry.

( Industry Median: 22.21 vs. CNSWF: 0.72 )
Ranked among companies with meaningful Cash to Debt only.
CNSWF' s Cash to Debt Range Over the Past 10 Years
Min: 0.17  Med: 10000.00 Max: No Debt
Current: 0.72
Equity to Asset 0.19
CNSWF's Equity to Asset is ranked lower than
91% of the 1756 Companies
in the Global Software - Application industry.

( Industry Median: 0.62 vs. CNSWF: 0.19 )
Ranked among companies with meaningful Equity to Asset only.
CNSWF' s Equity to Asset Range Over the Past 10 Years
Min: 0.17  Med: 0.26 Max: 0.42
Current: 0.19
0.17
0.42
Interest Coverage 13.73
CNSWF's Interest Coverage is ranked lower than
70% of the 1205 Companies
in the Global Software - Application industry.

( Industry Median: 56.54 vs. CNSWF: 13.73 )
Ranked among companies with meaningful Interest Coverage only.
CNSWF' s Interest Coverage Range Over the Past 10 Years
Min: 14.07  Med: 31.48 Max: 9999.99
Current: 13.73
14.07
9999.99
F-Score: 8
Z-Score: 5.37
M-Score: -2.91
WACC vs ROIC
8.42%
43.10%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 14.44
CNSWF's Operating margin (%) is ranked higher than
79% of the 1799 Companies
in the Global Software - Application industry.

( Industry Median: 4.71 vs. CNSWF: 14.44 )
Ranked among companies with meaningful Operating margin (%) only.
CNSWF' s Operating margin (%) Range Over the Past 10 Years
Min: 9.47  Med: 13.83 Max: 19.25
Current: 14.44
9.47
19.25
Net-margin (%) 8.63
CNSWF's Net-margin (%) is ranked higher than
72% of the 1798 Companies
in the Global Software - Application industry.

( Industry Median: 3.25 vs. CNSWF: 8.63 )
Ranked among companies with meaningful Net-margin (%) only.
CNSWF' s Net-margin (%) Range Over the Past 10 Years
Min: -0.59  Med: 6.40 Max: 20.32
Current: 8.63
-0.59
20.32
ROE (%) 55.02
CNSWF's ROE (%) is ranked higher than
97% of the 1750 Companies
in the Global Software - Application industry.

( Industry Median: 5.66 vs. CNSWF: 55.02 )
Ranked among companies with meaningful ROE (%) only.
CNSWF' s ROE (%) Range Over the Past 10 Years
Min: -2.05  Med: 33.99 Max: 79.16
Current: 55.02
-2.05
79.16
ROA (%) 10.23
CNSWF's ROA (%) is ranked higher than
81% of the 1843 Companies
in the Global Software - Application industry.

( Industry Median: 2.85 vs. CNSWF: 10.23 )
Ranked among companies with meaningful ROA (%) only.
CNSWF' s ROA (%) Range Over the Past 10 Years
Min: -0.71  Med: 7.67 Max: 27.14
Current: 10.23
-0.71
27.14
ROC (Joel Greenblatt) (%) 637.47
CNSWF's ROC (Joel Greenblatt) (%) is ranked higher than
96% of the 1816 Companies
in the Global Software - Application industry.

( Industry Median: 20.47 vs. CNSWF: 637.47 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CNSWF' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 187.37  Med: 455.29 Max: 713.41
Current: 637.47
187.37
713.41
Revenue Growth (3Y)(%) 41.90
CNSWF's Revenue Growth (3Y)(%) is ranked higher than
96% of the 1437 Companies
in the Global Software - Application industry.

( Industry Median: 5.10 vs. CNSWF: 41.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CNSWF' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 19.8  Med: 26.70 Max: 41.9
Current: 41.9
19.8
41.9
EBITDA Growth (3Y)(%) 45.80
CNSWF's EBITDA Growth (3Y)(%) is ranked higher than
90% of the 1159 Companies
in the Global Software - Application industry.

( Industry Median: 7.30 vs. CNSWF: 45.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CNSWF' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 28.85 Max: 45.8
Current: 45.8
0
45.8
EPS Growth (3Y)(%) 38.40
CNSWF's EPS Growth (3Y)(%) is ranked higher than
82% of the 1055 Companies
in the Global Software - Application industry.

( Industry Median: 7.30 vs. CNSWF: 38.40 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
CNSWF' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -9.6  Med: 59.25 Max: 206.9
Current: 38.4
-9.6
206.9
» CNSWF's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

CNSWF Guru Trades in Q2 2015

Ruane Cunniff 269,486 sh (+4.79%)
» More
Q3 2015

CNSWF Guru Trades in Q3 2015

Ruane Cunniff 436,754 sh (+62.07%)
» More
Q4 2015

CNSWF Guru Trades in Q4 2015

Ruane Cunniff 435,954 sh (-0.18%)
» More
Q1 2016

CNSWF Guru Trades in Q1 2016

Ruane Cunniff Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with CNSWF

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Application Software » Software - Application
Compare:XTER:SAPA, NYSE:CRM, NAS:ADBE, NAS:INTU, XPAR:DSY, NYSE:WDAY » details
Traded in other countries:CSU.Canada, W9C.Germany,
Constellation Software Inc is engaged principally in the development, installation and customization of software relating to the public and private sectors in Canada, USA, UK and Europe. It also provides related professional services and support.

Constellation Software Inc was incorporated under the Business Corporations Act (Ontario) on August 23, 1995. The Company is engaged principally in the development, installation and customization of software relating to the public and private sectors in Canada, USA, UK and Europe. It also provides related professional services and support. The Company has seven operating segments, referred to as Operating Groups by the Company, being Volaris, Harris, Emphasys, Total Specific Solutions, Jonas, Homebuilder, and Friedman. Under the Public sector the Company develops software for Public transit operators, Asset management, Municipal systems, Para transit operators, Fleet and facility management, School administration, School transportation, District attorney, Public safety, Non-emergency medical, Taxi dispatch Healthcare, Ride share, Benefits administration, Public housing authorities, Local government, Insurance, Housing finance agencies, Agri-business, Collections management, Municipal treasury & debt systems, Rental, Electric utilities, Real estate brokers and agents, Marine asset management, Water utilities, Courts and School and special library information systems. Under the Private sector, the Company develops software for Private clubs and daily fee golf courses, Lease management, Window manufacturers, Construction, Winery management, Cabinet manufacturers, Food services, Buy here pay here dealers, Made-to-order manufacturers, Health clubs, RV and marine dealers, Window and other dealers, Moving and storage, Pulp & paper manufacturers, Multi-carrier shipping, Metal service centers, Real estate brokers and agents, Supply chain optimization, Attractions, Outdoor equipment dealers, Multi-channel distribution, Leisure centers, Pharmaceutical and biotech manufacturers, Wholesale distribution, Education, Healthcare electronic medical records, Third party logistics warehouse management systems, Radiology & laboratory information systems, Homebuilders Retail management and distribution, Product licensing, Event management, Association management, Tire distribution and Salons and spas. The Company reports revenue under four revenue categories being, License, Hardware and other, Professional Services, and Maintenance. The Company typically sells or licenses software on a perpetual basis, but also licenses software for a specified period.

Ratios

vs
industry
vs
history
P/E(ttm) 51.26
CNSWF's P/E(ttm) is ranked lower than
76% of the 1266 Companies
in the Global Software - Application industry.

( Industry Median: 24.35 vs. CNSWF: 51.26 )
Ranked among companies with meaningful P/E(ttm) only.
CNSWF' s P/E(ttm) Range Over the Past 10 Years
Min: 9.38  Med: 42.40 Max: 77.42
Current: 51.26
9.38
77.42
Forward P/E 17.86
CNSWF's Forward P/E is ranked higher than
52% of the 364 Companies
in the Global Software - Application industry.

( Industry Median: 20.66 vs. CNSWF: 17.86 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 51.26
CNSWF's PE(NRI) is ranked lower than
76% of the 1223 Companies
in the Global Software - Application industry.

( Industry Median: 23.72 vs. CNSWF: 51.26 )
Ranked among companies with meaningful PE(NRI) only.
CNSWF' s PE(NRI) Range Over the Past 10 Years
Min: 9.37  Med: 42.30 Max: 77.34
Current: 51.26
9.37
77.34
Price/Owner Earnings (ttm) 41.24
CNSWF's Price/Owner Earnings (ttm) is ranked lower than
74% of the 732 Companies
in the Global Software - Application industry.

( Industry Median: 21.82 vs. CNSWF: 41.24 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
CNSWF' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 6.59  Med: 13.59 Max: 76.09
Current: 41.24
6.59
76.09
P/B 24.75
CNSWF's P/B is ranked lower than
97% of the 1881 Companies
in the Global Software - Application industry.

( Industry Median: 2.72 vs. CNSWF: 24.75 )
Ranked among companies with meaningful P/B only.
CNSWF' s P/B Range Over the Past 10 Years
Min: 4.28  Med: 7.38 Max: 36.62
Current: 24.75
4.28
36.62
P/S 4.63
CNSWF's P/S is ranked lower than
72% of the 1924 Companies
in the Global Software - Application industry.

( Industry Median: 2.17 vs. CNSWF: 4.63 )
Ranked among companies with meaningful P/S only.
CNSWF' s P/S Range Over the Past 10 Years
Min: 1.32  Med: 2.18 Max: 6.01
Current: 4.63
1.32
6.01
PFCF 22.14
CNSWF's PFCF is ranked higher than
53% of the 720 Companies
in the Global Software - Application industry.

( Industry Median: 23.07 vs. CNSWF: 22.14 )
Ranked among companies with meaningful PFCF only.
CNSWF' s PFCF Range Over the Past 10 Years
Min: 7.52  Med: 16.40 Max: 186.29
Current: 22.14
7.52
186.29
POCF 21.41
CNSWF's POCF is ranked lower than
61% of the 932 Companies
in the Global Software - Application industry.

( Industry Median: 16.74 vs. CNSWF: 21.41 )
Ranked among companies with meaningful POCF only.
CNSWF' s POCF Range Over the Past 10 Years
Min: 7.2  Med: 15.38 Max: 111.59
Current: 21.41
7.2
111.59
EV-to-EBIT 32.43
CNSWF's EV-to-EBIT is ranked lower than
71% of the 1246 Companies
in the Global Software - Application industry.

( Industry Median: 16.34 vs. CNSWF: 32.43 )
Ranked among companies with meaningful EV-to-EBIT only.
CNSWF' s EV-to-EBIT Range Over the Past 10 Years
Min: -251.4  Med: 28.20 Max: 50.1
Current: 32.43
-251.4
50.1
EV-to-EBITDA 18.54
CNSWF's EV-to-EBITDA is ranked lower than
63% of the 1352 Companies
in the Global Software - Application industry.

( Industry Median: 13.11 vs. CNSWF: 18.54 )
Ranked among companies with meaningful EV-to-EBITDA only.
CNSWF' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.8  Med: 12.30 Max: 26.6
Current: 18.54
5.8
26.6
PEG 1.32
CNSWF's PEG is ranked higher than
63% of the 554 Companies
in the Global Software - Application industry.

( Industry Median: 1.88 vs. CNSWF: 1.32 )
Ranked among companies with meaningful PEG only.
CNSWF' s PEG Range Over the Past 10 Years
Min: 0.43  Med: 1.38 Max: 28.71
Current: 1.32
0.43
28.71
Shiller P/E 138.65
CNSWF's Shiller P/E is ranked lower than
93% of the 284 Companies
in the Global Software - Application industry.

( Industry Median: 34.21 vs. CNSWF: 138.65 )
Ranked among companies with meaningful Shiller P/E only.
CNSWF' s Shiller P/E Range Over the Past 10 Years
Min: 107.88  Med: 137.00 Max: 189.42
Current: 138.65
107.88
189.42
Current Ratio 0.72
CNSWF's Current Ratio is ranked lower than
91% of the 1667 Companies
in the Global Software - Application industry.

( Industry Median: 1.97 vs. CNSWF: 0.72 )
Ranked among companies with meaningful Current Ratio only.
CNSWF' s Current Ratio Range Over the Past 10 Years
Min: 0.37  Med: 0.67 Max: 1.04
Current: 0.72
0.37
1.04
Quick Ratio 0.61
CNSWF's Quick Ratio is ranked lower than
92% of the 1667 Companies
in the Global Software - Application industry.

( Industry Median: 1.86 vs. CNSWF: 0.61 )
Ranked among companies with meaningful Quick Ratio only.
CNSWF' s Quick Ratio Range Over the Past 10 Years
Min: 0.35  Med: 0.54 Max: 0.9
Current: 0.61
0.35
0.9
Days Inventory 26.93
CNSWF's Days Inventory is ranked lower than
59% of the 1058 Companies
in the Global Software - Application industry.

( Industry Median: 17.70 vs. CNSWF: 26.93 )
Ranked among companies with meaningful Days Inventory only.
CNSWF' s Days Inventory Range Over the Past 10 Years
Min: 15.78  Med: 35.54 Max: 60
Current: 26.93
15.78
60
Days Sales Outstanding 44.75
CNSWF's Days Sales Outstanding is ranked higher than
76% of the 1474 Companies
in the Global Software - Application industry.

( Industry Median: 68.92 vs. CNSWF: 44.75 )
Ranked among companies with meaningful Days Sales Outstanding only.
CNSWF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.74  Med: 54.57 Max: 76.05
Current: 44.75
43.74
76.05

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.00
CNSWF's Dividend Yield is ranked lower than
73% of the 1175 Companies
in the Global Software - Application industry.

( Industry Median: 1.43 vs. CNSWF: 1.00 )
Ranked among companies with meaningful Dividend Yield only.
CNSWF' s Dividend Yield Range Over the Past 10 Years
Min: 0.49  Med: 0.94 Max: 3.62
Current: 1
0.49
3.62
Dividend Payout 0.52
CNSWF's Dividend Payout is ranked lower than
66% of the 756 Companies
in the Global Software - Application industry.

( Industry Median: 0.37 vs. CNSWF: 0.52 )
Ranked among companies with meaningful Dividend Payout only.
CNSWF' s Dividend Payout Range Over the Past 10 Years
Min: 0.13  Med: 0.45 Max: 0.92
Current: 0.52
0.13
0.92
Dividend Growth (3y) 11.50
CNSWF's Dividend Growth (3y) is ranked higher than
59% of the 546 Companies
in the Global Software - Application industry.

( Industry Median: 7.20 vs. CNSWF: 11.50 )
Ranked among companies with meaningful Dividend Growth (3y) only.
CNSWF' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 18.85 Max: 159.1
Current: 11.5
0
159.1
Forward Dividend Yield 1.00
CNSWF's Forward Dividend Yield is ranked lower than
79% of the 1092 Companies
in the Global Software - Application industry.

( Industry Median: 1.95 vs. CNSWF: 1.00 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 12.57
CNSWF's Yield on cost (5-Year) is ranked higher than
95% of the 1397 Companies
in the Global Software - Application industry.

( Industry Median: 2.26 vs. CNSWF: 12.57 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CNSWF' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 6.16  Med: 11.81 Max: 45.49
Current: 12.57
6.16
45.49

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 2.79
CNSWF's Price/Projected FCF is ranked lower than
69% of the 819 Companies
in the Global Software - Application industry.

( Industry Median: 1.70 vs. CNSWF: 2.79 )
Ranked among companies with meaningful Price/Projected FCF only.
CNSWF' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.18  Med: 1.61 Max: 3.07
Current: 2.79
1.18
3.07
Price/DCF (Earnings Based) 4.79
CNSWF's Price/DCF (Earnings Based) is ranked lower than
91% of the 115 Companies
in the Global Software - Application industry.

( Industry Median: 1.41 vs. CNSWF: 4.79 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 2.12
CNSWF's Price/Median PS Value is ranked lower than
87% of the 1710 Companies
in the Global Software - Application industry.

( Industry Median: 1.08 vs. CNSWF: 2.12 )
Ranked among companies with meaningful Price/Median PS Value only.
CNSWF' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.7  Med: 0.96 Max: 2.34
Current: 2.12
0.7
2.34
Price/Peter Lynch Fair Value 1.90
CNSWF's Price/Peter Lynch Fair Value is ranked lower than
57% of the 349 Companies
in the Global Software - Application industry.

( Industry Median: 1.72 vs. CNSWF: 1.90 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
CNSWF' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.49  Med: 2.10 Max: 3.8
Current: 1.9
0.49
3.8
Earnings Yield (Greenblatt) (%) 3.10
CNSWF's Earnings Yield (Greenblatt) (%) is ranked higher than
55% of the 1968 Companies
in the Global Software - Application industry.

( Industry Median: 2.20 vs. CNSWF: 3.10 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CNSWF' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 2  Med: 3.40 Max: 9
Current: 3.1
2
9
Forward Rate of Return (Yacktman) (%) 38.69
CNSWF's Forward Rate of Return (Yacktman) (%) is ranked higher than
92% of the 725 Companies
in the Global Software - Application industry.

( Industry Median: 10.71 vs. CNSWF: 38.69 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
CNSWF' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 6.7  Med: 35.00 Max: 45.9
Current: 38.69
6.7
45.9

More Statistics

Revenue (TTM) (Mil) $1,902
EPS (TTM) $ 7.69
Beta1.14
Short Percentage of Float0.00%
52-Week Range $313.00 - 462.17
Shares Outstanding (Mil)21.19

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 2,686 3,105 3,549
EPS($) 24.81 29.29 32.15
EPS without NRI($) 24.81 29.29 32.15
» More Articles for CNSWF

Headlines

Articles On GuruFocus.com
Baron International Growth Fund's 4th-Quarter Letter Feb 09 2016 
Three Companies Sequoia Is Buying Dec 10 2015 
Mawer Canadian Equity Reduces Position in Constellation Software Sep 23 2015 
Leith Wheeler Reduces Stake in Software Company Sep 23 2015 
Mawer Investment Management Q2 Newsletter Aug 07 2015 
Iran Sohn Investment Contest - Constellation Software, Current Price $469, Target Price $700 May 07 2015 
Ruane Cunniff Has Most Active Quarter of the Year – So Far Dec 10 2014 
The Mawer Canadian Equity Fund's Top Five Highlight the Canadian Banking Sector Aug 22 2014 
Mawer's Small Cap-Centric Fund Reports Top Five Fourth Quarter Stocks Mar 26 2014 
Mawer Canadian Equity Fund's Top Five Focuses on Finance Sector Mar 26 2014 

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