Clairvest Group Inc. (CVG.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+85.2%

CA$160.17

vs CA$86.50 price

Levered DCF

CA$8.50

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.98

Safe zone

Rating

—

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.24×	8.21×	-314.57×	22.7×	2.91×	9.3×	9.85×	6.02×
P/B	0.8×	0.8×	0.9×	0.98×	0.81×	1.14×	0.82×	0.92×
P/S	5.22×	5.86×	26.85×	9.97×	2.31×	5.44×	6.46×	4.42×
EV / EBITDA	6.18×	5.89×	-487.19×	14.96×	1.97×	6.68×	5.11×	3.09×
Gross margin	64.4%	100.0%	75.9%	100.0%	99.8%	97.8%	99.5%	99.5%
Operating margin	66.1%	81.1%	-8.1%	53.5%	90.2%	65.1%	74.8%	85.0%
Net margin	56.6%	71.5%	-8.5%	44.0%	79.4%	58.4%	65.6%	73.5%
Current ratio	19.89×	23.47×	12.73×	22.26×	47.1×	36.66×	27.54×	30.09×
Debt / equity	0.01×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	-0.33×	0×	531.93×	29.68×	162.13×	170.43×
Dividend yield	1.2%	1.2%	1.2%	1.0%	0.9%	8.6%	1.1%	0.9%
Payout ratio	11.2%	9.6%	-363.2%	22.5%	2.6%	79.8%	11.2%	5.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.7%	9.8%	-0.3%	4.3%	28.0%	12.2%	8.3%	15.3%
Return on invested capital	7.7%	8.6%	-0.2%	3.7%	24.5%	10.7%	7.4%	13.2%
Return on assets	7.6%	8.5%	-0.2%	3.7%	24.4%	10.6%	7.4%	13.1%
Free cash flow yield	1.7%	7.8%	-3.3%	1.1%	4.2%	-0.2%	-0.8%	28.0%
Earnings yield	10.8%	12.2%	-0.3%	4.4%	34.4%	10.7%	10.2%	16.6%
Enterprise value	CA$820M	CA$824.5M	CA$909.6M	CA$970M	CA$740.8M	CA$788.5M	CA$411.6M	CA$428.8M
Net debt / EBITDA	-1.62×	-1.26×	77.74×	-3.36×	-0.58×	-1.58×	-3.39×	-2.08×
Cash conversion cycle (days)	-14	-495	-54	-92	-3,456	-536	-8,668	-4,710