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Cadence Design Systems Inc
NASDAQ:CDNS

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Cadence Design Systems Inc Logo
Cadence Design Systems Inc
NASDAQ:CDNS
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Price: 185.73 USD -0.06% Market Closed
Updated: Feb 6, 2023

Intrinsic Value

The intrinsic value of one CDNS stock under the Base Case scenario is 93.42 USD. Compared to the current market price of 185.73 USD, Cadence Design Systems Inc is Overvalued by 50%.

The Intrinsic Value is calculated as the average of the two valuation methods:

CDNS Intrinsic Value
Base Case
93.42 USD
Overvaluation 50%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

CDNS Profitability Score
Profitability Due Diligence

Cadence Design Systems Inc's profitability score is 71/100. The higher the profitability score, the more profitable the company is.

Declining ROE
Declining ROIC
Positive 1-Year Revenue Growth
Positive Revenue Growth Forecast
71/100
Profitability
Score

Cadence Design Systems Inc's profitability score is 71/100. The higher the profitability score, the more profitable the company is.

CDNS Solvency Score
Solvency Due Diligence

Cadence Design Systems Inc's solvency score is 82/100. The higher the solvency score, the more solvent the company is.

Short-Term Liabilities
Negative Net Debt
Long-Term Liabilities
Low D/E
82/100
Solvency
Score

Cadence Design Systems Inc's solvency score is 82/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
90%
Gross Margin
31%
Operating Margin
23%
Net Margin
56%
FCF Margin
30%
ROE
22%
ROIC
Other

CDNS Capital Structure
Cadence Design Systems Inc

Market Capitalization 50.9B USD
Total Debt 798M USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 1B USD
Short-Term Investments 0 USD
Enterprise Value 50.7B USD

Wall St
Price Targets

CDNS Price Targets Summary
Cadence Design Systems Inc

Wall Street analysts forecast CDNS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CDNS is 194.46 USD with a low forecast of 165.03 USD and a high forecast of 225.75 USD.

Lowest
Price Target
165.03 USD
11% Downside
Average
Price Target
194.46 USD
5% Upside
Highest
Price Target
225.75 USD
22% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

CDNS Competitors
Cadence Design Systems Inc

CDNS Suppliers & Customers
Cadence Design Systems Inc

Cadence Design Systems Inc has 18 key suppliers from 6 countries and 8 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Semiconductors industry.

Cadence Design Systems Inc has 22 key customers from 5 countries and 7 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Semiconductors industry.

Ownership

CDNS Insider Trading
Buy and sell transactions by insiders

Cadence Design Systems Inc insiders have only sold shares in the past 12 months.

During the last 12 months Cadence Design Systems Inc insiders have not bought any shares, and sold 197M USD worth of shares. The last transaction was made on Feb 6, 2023 by Nisewaner Karna (Corporate VP, General Counsel), who sold 18.2k USD worth of CDNS shares.

Sold
0-3
months
29.2M USD
5
3-6
months
54M USD
7
6-9
months
64.9M USD
6
9-12
months
49M USD
5
Bought
0-3
months
0
0 USD
3-6
months
0
0 USD
6-9
months
0
0 USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
29.2M USD
N/A
-29.2M
6 Months
83.2M USD
N/A
-83.2M
9 Months
148M USD
N/A
-148.1M
12 Months
197M USD
N/A
-197.1M
Purchases
33
Sales
545
No transactions found
Why is insider trading important?

Shareholder Return

CDNS Price
Cadence Design Systems Inc

1M 1M
+16%
6M 6M
+1%
1Y 1Y
+27%
3Y 3Y
+149%
5Y 5Y
+369%
Annual Price Range
185.73
52w Low
134.95
52w High
193.09
Price Metrics
Average Annual Return 49.86%
Standard Deviation of Annual Returns 35.24%
Max Drawdown -26%
Shares Statistics
Market Capitalization 50.9B USD
Shares Outstanding 274 316 000
Percentage of Shares Shorted 1.69%

Company Profile

Cadence Design Systems Inc

Country

United States of America

Industry

Technology

Market Cap

50.9B USD

Dividend Yield

0%

Description

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. The company is headquartered in San Jose, California and currently employs 9,300 full-time employees. The firm's Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. Its Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks. Its System Design and Analysis offerings are used by its customers to develop printed circuit boards (PCBs) and advanced IC packages and to analyze electromagnetic, electro-thermal and other multi-physics effects.

Contact

CALIFORNIA
San Jose
2655 Seely Ave
+14089431234.0
https://www.cadence.com/

IPO

1988-06-01

Employees

9 300

Officers

Exec. Chair of the Board
Mr. Lip-Bu Tan
CEO, Pres & Director
Dr. Anirudh Devgan Ph.D.
Sr. VP & CFO
Mr. John M. Wall
Sr. VP and GM of Custom IC & PCB Group
Mr. Thomas P. Beckley
Sr. VP & Chief Revenue Officer
Mr. Aneel Zaman
Sr. VP and GM of the Digital & Signoff Group
Dr. Chin-Chi Teng Ph.D.
Show More
Co-Founder
Mr. Ariel Sella
Corp. VP of Corp. Fin. & Treasurer
Mr. James Haddad
VP of Investor Relations
Mr. Richard Gu
Corp. VP, Gen. Counsel & Sec.
Ms. Karna Nisewaner
Show Less

See Also

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What is the Intrinsic Value of one CDNS stock?

The intrinsic value of one CDNS stock under the Base Case scenario is 93.42 USD.

Is CDNS stock undervalued or overvalued?

Compared to the current market price of 185.73 USD, Cadence Design Systems Inc is Overvalued by 50%.