Constellation Software CSU

May 25, 2017 - 10:39am EST by

member

						2017	2018
Price:		687.00		EPS		30	35
Shares Out. (in M):		21		P/E		23	20
Market Cap (in $M):		14,560		P/FCF		23	20
Net Debt (in $M):		-200		EBIT		600	700
TEV (in $M):		14		TEV/EBIT		24	20

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9	member 10/03/24 2:56PM Re: What is the real growth here? Numbers seem too high. 8
this one seems like, unless there is some reason to think they are losing major market share, is getting interesting. the concert backdrop this quarter is clearly terrible (but widely known). It's trading like it's 1 view available tags
8	member 9/12/24 7:36PM What is the real growth here? Numbers seem too high.
After doing some more work, I understand the valuation better and think growth might be overstated, maybe implying SEAT is losing share. Obviously the stock has traded off sharply since this writeup due to analysts lowering... login to read the rest 2 view available tags
7	member 9/12/24 5:48PM Re: answers to questions 6
Thanks. Given there are 50M warrants and a short interest of about 12M shares maybe they really are largely to hedge warrants even though they are well out of money. view available tags
5	member 9/10/24 7:07PM few questions
Interesting idea and valuation given the growth. However a few things stick out. I guess the stock was down today because CH and Benchmark reduced September numbers due to fewer stadium concerts. But didn't this seem... login to read the rest view available tags
4	member 9/10/24 6:30PM My 2c
Just adding my 2c here as I think Vivid is really attractive at these prices Re: magic06's comments below... Vivid is not the 4th or 5th largest platform, they are significantly larger than both SeatGeek and... login to read the rest 2 view available tags
3	member 9/10/24 8:34AM mgmt 2
I first met management 2 years ago at a conference. I liked the story (I always like marketplaces) and I understood they were coming a the market with a focus on scalpers and making it... login to read the rest 4 view available tags
2	member 9/09/24 9:41PM Re: Third Place 1
That's my issue. I do buy tickets in the secondary market somewhat often and the only places I go to are Seatgeek and Stubhub. Seatgeek is usually cheaper than Stubhub and sometimes has refundable (returnable/exchangeable)... login to read the rest view available tags

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