CDW Corporation (CDW) exhibits 21.7% gross margins and 19.8% return on invested capital within Consumer Discretionary (Catalog/Specialty Distribution), balanced against a 14.0x enterprise multiple and 6.6% implied options volatility.
Sustained 21.7% gross profitability converts into 7.4% operating margin and 19.8% ROIC, outpacing sector cost of capital.
ROIC: 19.8% // GM: 21.7%YoY revenue trajectory of +6.8% paired with 5.27% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +6.8% // FCF YLD: 5.27%Altman Z-Score of 3.33 and Piotroski F-Score of 6/9 indicate low near-term refinancing stress.
ALTMAN Z: 3.33 // F-SCORE: 6/9Trading at 19.4x trailing P/E (18.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 19.4x // EV/EBITDA: 14.0xOptions market prices a ±6.6% implied move with a 0.79 put/call ratio around $162.00 max pain.
IMPL MOVE: ±6.6% // P/C: 0.79Elevated industry capital intensity and customer concentration in Catalog/Specialty Distribution require continuous execution to defend 4.8% net margins.
NET MARGIN: 4.8% // D/E: 1.77x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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