Company Valuation: CGI Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,262 24,613 31,217 35,041 27,354 20,296 - -
Change - -6.28% 26.83% 12.25% -21.94% -25.8% - -
Enterprise Value (EV) 1 28,723 27,623 33,288 36,880 30,821 23,587 22,544 21,783
Change - -3.83% 20.51% 10.79% -16.43% -23.47% -4.42% -3.37%
P/E 19.9x 17.2x 19.5x 21.3x 16.9x 11.4x 10.1x 9.22x
PBR 3.84x 3.47x 4.26x 3.98x 2.65x 1.98x 1.86x 1.73x
PEG - 1.5x 1.4x 3.25x 30.88x 0.6x 0.8x 0.92x
Capitalization / Revenue 2.17x 1.91x 2.18x 2.39x 1.72x 1.23x 1.2x 1.16x
EV / Revenue 2.37x 2.15x 2.33x 2.51x 1.94x 1.42x 1.33x 1.25x
EV / EBITDA 11.7x 10.8x 11.8x 12.5x 9.56x 7.1x 6.6x 6.11x
EV / EBIT 14.7x 13.2x 14.4x 15.3x 11.8x 8.7x 8.01x 7.43x
EV / FCF 14.4x 18.6x 17x 17.6x 14.6x 11.3x 10.4x 9.8x
FCF Yield 6.94% 5.38% 5.87% 5.68% 6.87% 8.84% 9.61% 10.2%
Dividend per Share 2 - - - - 0.6 0.68 0.754 0.8614
Rate of return - - - - 0.48% 0.69% 0.76% 0.87%
EPS 2 5.41 6.04 6.86 7.31 7.35 8.693 9.791 10.77
Distribution rate - - - - 8.16% 7.82% 7.7% 8%
Net sales 1 12,127 12,867 14,296 14,676 15,913 16,557 16,983 17,440
EBITDA 1 2,463 2,561 2,832 2,953 3,225 3,321 3,417 3,565
EBIT 1 1,952 2,087 2,313 2,416 2,611 2,710 2,815 2,932
Net income 1 1,369 1,466 1,631 1,693 1,658 1,823 1,963 2,082
Net Debt 1 2,460 3,010 2,071 1,839 3,467 3,290 2,248 1,487
Reference price 2 107.59 103.99 133.88 155.62 123.96 99.27 99.27 99.27
Nbr of stocks (in thousands) 244,097 236,691 233,174 225,172 220,666 204,456 - -
Announcement Date 10/11/21 09/11/22 08/11/23 06/11/24 05/11/25 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.39x3.94x13.76x2.72% 234B
14.33x1.58x8.32x3.34% 118B
-126.64x17.65x97.86x-.--% 114B
14.57x2.66x10.03x5.64% 84.9B
19.8x5.24x12.86x2.87% 59.74B
14.12x2.05x8.68x5.52% 45.47B
22.17x1.82x11.31x1.32% 44.12B
20.98x1.59x10.13x0.9% 41B
17.28x2.18x10.43x5.06% 35.36B
Average 2.33x 4.30x 20.38x 3.04% 86.31B
Weighted average by Cap. -1.93x 5.11x 24.00x 2.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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