Cdw Corp

  • Consumer Discretionary
  • Catalog/Specialty Distribution
  • www.cdw.com
  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $21.87B
  • PE 20
  • Debt $6.11B
  • Cash $507.70M
  • EV $27.48B
  • FCF $1.15B

Earnings

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Sales & Net Margins

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Earnings$1.08B
EBIT$1.65B
ROE46%
ROA11%
FCF$1.15B
Equity$2.35B
Growth Stability100%
PE20.3
PEG2.19
PB9.3
P/FCF18.94
P/S1.04
Price/Cash0.02
Debt/Equity2.6
Debt/FCF5.29
Net Margins5%
Gross Margins22%
Op. Margins8%
Earnings CAGR14%
Sales Growth YoY3%
Sales Growth QoQ-6%
Sales CAGR6%
FCF CAGR14%
Equity CAGR8%
Earnings Stability0.92
Earnings Growth YoY-11%
Earnings Growth QoQ-16%
Earnings CAGR 5Y9%
Sales CAGR 5Y4%
FCF CAGR 5Y11%
Equity CAGR 5Y23%
Earnings CAGR 3Y-4%
Sales CAGR 3Y-4%
FCF CAGR 3Y17%
Equity CAGR 3Y38%
Market Cap$21.87B
Revenue$21.00B
Dividend Yield2%
Payout Ratio31%
Assets$14.68B
Total Debt$6.11B
Cash$507.70M
Shares Outstanding132.6M
EV27.48B
Earnings Score94%
Moat Score90%
Safety Score77%
Final Score87%
Working Capital1.9B
Current Ratio1.35
Gross Profit$4.60B
Shares Growth 3y-1%
Equity Growth QoQ0%
Equity Growth YoY15%

Assets & ROA

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Stockholders Equity & ROE

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CDW Corp is a value-added reseller operating in the U.S. (95% of sales) and Canada (5%). The company has more than 100,000 products on its line of cards that range from notebooks to data center software. Roughly half of CDW's revenue comes from midsize and large businesses, with the remaining from small businesses, government agencies, education institutions, and health-care organizations.

SEC Filings

Direct access to Cdw Corp (CDW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Cdw Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cdw Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 14%
Stability 92%
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Cdw Corp Discounted Cash Flow

Fully customizable DCF calculator online for Cdw Corp.

= $30B
012345678910TV
fcf$1.2B$1.3B$1.5B$1.7B$1.9B$2.2B$2.5B$2.8B$3.2B$3.6B$4.1B$41B
DCF$1.2B$1.2B$1.3B$1.3B$1.4B$1.4B$1.4B$1.5B$1.5B$1.6B$16B
Value$30B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins3%3%3%4%4%4%5%5%5%5%5%
ROA-12%12%14%14%13%11%13%13%11%11%
ROE-41%53%66%77%61%140%70%54%46%46%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-6.084.713.974.263.4810.244.984.335.295.29
Debt over Equity33.143.343.333.513.19.933.753.082.62.6
Growth Stability---100%100%100%100%100%100%100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-8%9%7%11%2%13%14%-10%-2%4%
Earnings YoY growth-5%23%23%15%7%25%13%-1%-2%9%
Equity YoY growth--5%-6%-1%-2%35%-46%127%27%15%23%
FCF YoY growth-188%29%18%-4%46%-41%76%20%-20%11%