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CDW Corp Stock Research

CDW

194.89USD+4.82(+2.54%)Market Closed

Market Summary

USD194.89+4.82
Market Closed
2.54%

CDW Alerts

CDW Stock Price

CDW RSI Chart

CDW Valuation

Market Cap

26.4B

Price/Earnings (Trailing)

23.69

Price/Sales (Trailing)

1.11

EV/EBITDA

16.91

Price/Free Cashflow

21.86

CDW Price/Sales (Trailing)

CDW Profitability

EBT Margin

6.26%

Return on Equity

69.51%

Return on Assets

8.49%

Free Cashflow Yield

4.57%

CDW Fundamentals

CDW Revenue

Revenue (TTM)

23.7B

Revenue Y/Y

-1.78%

Revenue Q/Q

-12.5%

CDW Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

33.4%

Earnings Q/Q

-3.56%

Price Action

52 Week Range

147.02214.38
(Low)(High)

Last 7 days

1.7%

Last 30 days

-2.9%

Last 90 days

9.5%

Trailing 12 Months

10.2%

CDW Financial Health

Current Ratio

1.33

CDW Investor Care

Dividend Yield

1.07%

Dividend/Share (TTM)

2.09

Shares Dilution (1Y)

0.52%

Diluted EPS (TTM)

8.13

Peers (Alternatives to CDW)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
41.6B
16.3B
2.60% 1.46%
18.4
2.55
7.13% -7.65%
33.7B
5.4B
2.77% 2.22%
30.02
6.23
9.69% 25.73%
29.8B
14.2B
2.77% -2.13%
22.67
2.1
0.76% -30.95%
26.4B
23.7B
-2.93% 10.24%
23.69
1.11
14.06% 12.74%
14.9B
5.8B
5.18% -23.13%
30.01
2.57
2.74% -44.68%
11.8B
34.5B
4.72% 42.82%
12.1
0.34
15.08% 32.70%
MID-CAP
8.7B
62.3B
-0.05% -5.62%
13.4
0.14
97.20% 64.86%
8.2B
1.2B
3.90% 9.20%
44.66
6.62
-0.48% -28.07%
8.0B
37.1B
4.87% 5.26%
5.62
0.22
7.68% 28.76%
4.9B
10.4B
6.38% 33.21%
17.33
0.47
10.55% 27.93%
SMALL-CAP
1.7B
1.2B
10.15% 20.25%
16.54
1.45
1.62% 24.63%
1.5B
764.7M
- -21.04%
-3.6
2.02
-11.91% -385.97%
1.2B
3.1B
2.48% -14.18%
13.24
0.38
8.03% 27.63%
927.8M
355.8M
-1.82% -15.82%
-13.38
2.61
25.78% 8.55%
464.5M
242.1M
-9.67% -41.29%
-8.51
1.92
-10.40% -83.96%

Financials for CDW

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.4%23,74923,84722,93221,93220,821
Gross Profit4.6%4,6874,4814,1633,8773,569
  S&GA Expenses3.4%2,9512,8532,6152,3952,150
EBITDA6.9%1,5431,4441,3941,385-
EBITDA Margin7.3%0.06*0.06*0.06*0.06*-
Earnings Before Taxes6.7%1,4881,3941,3451,3391,298
EBT Margin7.2%0.06*0.06*0.06*0.06*-
Interest Expenses-7.3%-235-219-193-171-150
Net Income6.9%1,1151,0431,0111,006989
Net Income Margin7.3%0.05*0.04*0.04*0.05*-
Free Cahsflow8.7%1,2081,1111,076700-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.6%13,13213,47613,65313,51413,199
  Current Assets-4.8%6,5646,8957,0406,8716,478
    Cash Equivalents-18.0%315385542387258
  Inventory-12.5%8009151,0201,055928
  Net PPE0.4%189188195196196
  Goodwill0.4%4,3434,3284,3704,3774,383
  Current Liabilities-7.7%4,9475,3595,4165,4655,096
    LT Debt, Current-2.6%56.0058.0010684.00103
    LT Debt, Non Current-3.8%5,8666,1006,4816,5156,756
Shareholder's Equity20.9%1,6031,3261,106893706
  Retained Earnings10.4%-1,763-1,969-2,197-2,408-2,570
  Additional Paid-In Capital1.1%3,5183,4823,4423,4043,370
Shares Outstanding0.1%136135135135135
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations7.6%1,3361,2421,201821785
  Share Based Compensation0.4%91.0091.0081.0078.0073.00
Cashflow From Investing93.5%-164-2,524-2,647-2,577-2,769
Cashflow From Financing-176.8%-1,1021,4341,5001,268833
  Dividend Payments4.5%283270258246235
  Buy Backs-100.0%0.003157651,1421,500

Risks for CDW

What is the probability of a big loss on CDW?

34.6%


Probability that CDW stock will be more than 20% underwater in next one year

18.9%


Probability that CDW stock will be more than 30% underwater in next one year.

18.5%


Probability that CDW stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CDW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CDW was unfortunately bought at previous high price.

Drawdowns

Returns for CDW

Cumulative Returns on CDW

26.0%


7-Year Cumulative Returns

24.0%


5-Year Cumulative Returns

29.3%


3-Year Cumulative Returns

What are the long-term rolling returns for CDW?

FIve years rolling returns for CDW.

Annualized Returns

Which funds bought or sold CDW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
added
561
781,000
900,000
0.61%
2023-03-23
ETF MANAGERS GROUP, LLC
added
4.19
115,141
714,141
0.03%
2023-03-23
MetLife Investment Management, LLC
reduced
-1.86
796,178
7,274,280
0.06%
2023-03-17
American Portfolios Advisors
added
7.26
33,784
574,530
0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-0.52
62,468
514,468
0.01%
2023-03-10
MATHER GROUP, LLC.
added
4.4
245,180
1,509,180
0.03%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-2.39
21,765,900
208,146,000
0.23%
2023-03-06
OLD MISSION CAPITAL LLC
sold off
-100
-282,000
-
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-3.38
54,000
557,000
-%
2023-02-28
Voya Investment Management LLC
added
20.99
39,083,700
140,789,000
0.20%

1–10 of 47

Latest Funds Activity

Are funds buying CDW calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CDW
No. of Funds

CDW News

Benzinga

If You Invested $1000 In This Stock 5 Years Ago, You Would Have ....

Benzinga,
17 hours ago

Seeking Alpha

Marketscreener.com

Marketscreener.com

Schedule 13G FIlings of CDW

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
select equity group, l.p.
5.0%
6,780,830
SC 13G/A
Feb 09, 2023
vanguard group inc
11.99%
16,238,051
SC 13G/A
Feb 03, 2023
blackrock inc.
7.9%
10,689,019
SC 13G/A
Feb 14, 2022
select equity group, l.p.
5.17%
7,016,322
SC 13G/A
Feb 09, 2022
vanguard group inc
11.44%
15,526,811
SC 13G/A
Feb 04, 2022
wellington management group llp
3.94%
5,346,408
SC 13G/A
Feb 03, 2022
blackrock inc.
7.0%
9,519,631
SC 13G/A
Feb 12, 2021
select equity group, l.p.
5.22%
7,460,535
SC 13G
Feb 10, 2021
vanguard group inc
11.11%
15,882,926
SC 13G/A
Feb 03, 2021
wellington management group llp
5.64%
8,062,092
SC 13G

CDW Fair Value

CDW fair value in different scenarios

The table shows the Fair Value estimates for CDW for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

120.12

-38.37%

148.03

-24.04%

198.59

1.90%

256.21

31.46%

303.19

55.57%
Current Inflation

109.45

-43.84%

132.98

-31.77%

175.05

-10.18%

222.93

14.39%

261.84

34.35%
Very High Inflation

96.37

-50.55%

114.88

-41.05%

147.43

-24.35%

184.49

-5.34%

214.50

10.06%

Historical CDW Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of CDW

View All Filings
Date Filed Form Type Document
Mar 28, 2023
8-K
Current Report
Mar 28, 2023
PRE 14A
PRE 14A
Mar 17, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading

Latest Insider Trading transactions for CDW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
MIRALLES ALBERT JOSEPH JR
sold (taxes)
-685,428
191
-3,583
see remarks
2023-03-10
Swedish Joseph
acquired
-
-
8.96
-
2023-03-10
WIESENHAHN CAROLYN
acquired
-
-
7.36
see remarks
2023-03-10
ZARCONE DONNA F
acquired
-
-
58.53
-
2023-03-10
Jones Marc Ellis
acquired
-
-
3.04
-
2023-03-10
Foxx Anthony R
acquired
-
-
9.57
-
2023-03-10
NELMS DAVID W
acquired
-
-
83.54
-
2023-03-10
ADDICOTT VIRGINIA C.
acquired
-
-
44.57
-
2023-03-10
FINNEGAN PAUL J
acquired
-
-
22.13
-
2023-03-10
CLARIZIO LYNDA M
acquired
-
-
5.84
-

1–10 of 50

Christine A. Leahy
13900
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage, and others; and software products consists of application suites, security, virtualization, operating systems, and network management. The company also provides advisory and design, software development, implementation, managed, professional, configuration, and telecom services, as well as warranties; mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. The company was founded in 1984 and is headquartered in Vernon Hills, Illinois.

CDW Income Statement

2022-12-31
Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Net sales$ 23,748.7$ 20,820.8$ 18,467.5
Cost of sales19,062.117,252.315,257.4
Gross profit4,686.63,568.53,210.1
Selling and administrative expenses2,951.42,149.52,030.9
Operating income1,735.21,419.01,179.2
Interest expense, net(235.7)(150.9)(154.9)
Other (expense) income, net(11.7)29.7(22.0)
Income before income taxes1,487.81,297.81,002.3
Income tax expense(373.3)(309.2)(213.8)
Net income$ 1,114.5$ 988.6$ 788.5
Net income per common share:   
Basic (in dollars per share)$ 8.24$ 7.14$ 5.53
Diluted (in dollars per share)$ 8.13$ 7.04$ 5.45
Weighted-average common shares outstanding:   
Basic (in shares)135.2138.5142.6
Diluted (in shares)137.0140.5144.8

CDW Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 315.2$ 258.1
Accounts receivable, net of allowance for credit losses of $25.7 and $20.4, respectively4,461.34,499.4
Merchandise inventory800.2927.6
Miscellaneous receivables489.1435.5
Prepaid expenses and other498.2357.5
Total current assets6,564.06,478.1
Operating lease right-of-use assets149.2155.6
Property and equipment, net188.8195.8
Goodwill4,342.74,382.9
Other intangible assets, net1,490.71,628.1
Other assets396.1358.9
Total Assets13,131.513,199.4
Current liabilities:  
Accounts payable-trade2,821.33,114.2
Accounts payable-inventory financing519.0448.3
Current maturities of long-term debt56.3102.7
Contract liabilities485.5402.9
Accrued expenses and other current liabilities:  
Compensation377.8361.7
Advertising130.5145.5
Sales and income taxes73.565.9
Other483.2454.8
Total current liabilities4,947.15,096.0
Long-term liabilities:  
Debt5,866.46,755.8
Deferred income taxes203.4222.3
Operating lease liabilities175.2184.2
Other liabilities336.1235.4
Total long-term liabilities6,581.17,397.7
Commitments and contingencies (Note 16)
Stockholders’ equity:  
Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods0.00.0
Common stock, $0.01 par value, 1,000.0 shares authorized; 135.5 and 134.8 shares outstanding, respectively1.41.3
Paid-in capital3,518.13,369.5
Accumulated deficit(1,763.8)(2,570.7)
Accumulated other comprehensive loss(152.4)(94.4)
Total stockholders’ equity1,603.3705.7
Total Liabilities and Stockholders’ Equity$ 13,131.5$ 13,199.4