` CDNS (Cadence Design Systems Inc) vs SAP (SAP SE) Comparison - Alpha Spread

CDNS
vs
SAP

Over the past 12 months, CDNS has underperformed SAP, delivering a return of +10% compared to the SAP's +44% growth.

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CDNS
SAP
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One-click summary across all key metrics.
Ranked results with clear takeaways.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

CDNS Intrinsic Value
170.61 USD
Overvaluation 46%
Intrinsic Value
Price
SAP Intrinsic Value
181.08 EUR
Overvaluation 31%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Cadence Design Systems Inc
NASDAQ:CDNS
315.57 USD
SAP SE
XETRA:SAP
264.05 EUR
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
CDNS vs SAP

CDNS
SAP
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Cadence Design Systems Inc
Revenue
SAP SE
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
CDNS vs SAP

CDNS
SAP
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Cadence Design Systems Inc
NASDAQ:CDNS
SAP SE
XETRA:SAP
What is Free Cash Flow?

Gross Margin

CDNS
85.9%
SAP
73.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

Operating Margin

CDNS
30.6%
SAP
25.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

Net Margin

CDNS
22.2%
SAP
16.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

FCF Margin

CDNS
28.3%
SAP
15.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

ROE

CDNS
25.9%
SAP
12.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

ROA

CDNS
14.7%
SAP
7.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

ROIC

CDNS
22.6%
SAP
10.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

ROCE

CDNS
24.9%
SAP
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Cadence Design Systems Inc
SAP SE

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
CDNS vs SAP

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Performance Gap
CDNS vs SAP

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CDNS
SAP
Difference
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Performance By Year
CDNS vs SAP

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CDNS
SAP
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