Cadence Design Systems Inc
NASDAQ:CDNS
Intrinsic Value
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. [ Read More ]
The intrinsic value of one
CDNS
stock under the Base Case scenario is
149.99
USD.
Compared to the current market price of 285.34 USD,
Cadence Design Systems Inc
is
Overvalued by 47%.
Cadence Design Systems Inc's market capitalization is 77.5B USD.
CDNS stock price is 285.34 USD.
CDNS stock (149.99 USD) is 47% less than its price (285.34 USD).
CDNS stock (111.96 USD) is 61% less than its price (285.34 USD). Open DCF Valuation
CDNS stock (188.02 USD) is 34% less than its price (285.34 USD). Open Relative Valuation
CDNS has upside potential of 18% compared to the average analyst price target.
Open Wall St Estimates
CDNS's ROIC (Return on Invested Capital) has increased in the last 3 years from 24% to 24%.
CDNS's Revenue has grown by 11% over the past 12 months.
CDNS's ROE (Return on Equity) has increased in the last 3 years from 28% to 32%.
CDNS's short-term assets (2B USD) exceed its short-term liabilties (1B USD).
CDNS's Revenue is forecast to grow at a rate of 14% per year over the next 3 years.
CDNS's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 24%.
CDNS's Revenue has been growing by 13% per year for the last 3 years.
CDNS has positive Net Income for the last twelve months.
CDNS's ROE (Return on Equity) for the past 12 months is very high and is equal to 32%.
CDNS has positive Operating Income for the last twelve months.
CDNS has very high three-year average ROIC (Return on Invested Capital): 26%. The company is very efficient at using invested capital to generate operating income.
CDNS has very high three-year average ROE (Return on Equity): 30%. The company is very efficient at transforming stockholders' equity into net income.
CDNS's long-term assets (6B USD) exceed its long-term liabilties (2B USD).
CDNS has positive Gross Profit for the last twelve months.
CDNS has positive Free Cash Flow for the last twelve months.
CDNS has negative Net Debt. This means that the company has more cash and short-term investments (1B USD) than debt (300m USD).
CDNS's D/E (Debt to Equity) is very low and is equal to 0.08.
CDNS's Altman Z-Score is very high and is equal to 24.84.
Valuation Backtest
Cadence Design Systems Inc
Run backtest to discover the historical profit from buying and selling
CDNS
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Cadence Design Systems Inc
Balance Sheet Decomposition
Cadence Design Systems Inc
| Current Assets | 1.9B |
| Cash & Short-Term Investments | 1B |
| Receivables | 389.9m |
| Other Current Assets | 527.6m |
| Non-Current Assets | 3.8B |
| PP&E | 433m |
| Intangibles | 1.9B |
| Other Non-Current Assets | 1.4B |
| Current Liabilities | 1.5B |
| Accounts Payable | 456.6m |
| Other Current Liabilities | 1B |
| Non-Current Liabilities | 688.8m |
| Long-Term Debt | 299.8m |
| Other Non-Current Liabilities | 389m |
Earnings Waterfall
Cadence Design Systems Inc
|
Revenue
|
4.1B
USD
|
|
Cost of Revenue
|
-435.8m
USD
|
|
Gross Profit
|
3.6B
USD
|
|
Operating Expenses
|
-2.5B
USD
|
|
Operating Income
|
1.2B
USD
|
|
Other Expenses
|
-143.1m
USD
|
|
Net Income
|
1B
USD
|
Free Cash Flow Analysis
Cadence Design Systems Inc
CDNS Profitability Score
Profitability Due Diligence
Cadence Design Systems Inc's profitability score is 74/100. The higher the profitability score, the more profitable the company is.
Score
Cadence Design Systems Inc's profitability score is 74/100. 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 76/100. The higher the solvency score, the more solvent the company is.
Score
Cadence Design Systems Inc's solvency score is 76/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CDNS Price Targets Summary
Cadence Design Systems Inc
According to Wall Street analysts, the average 1-year price target for
CDNS
is 335.97 USD
with a low forecast of 282.8 USD and a high forecast of 367.5 USD.
Ownership
CDNS Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
CDNS Price
Cadence Design Systems Inc
| Average Annual Return | 29.21% |
| Standard Deviation of Annual Returns | 45.09% |
| Max Drawdown | -32% |
| Market Capitalization | 77.5B USD |
| Shares Outstanding | 272 600 992 |
| Percentage of Shares Shorted | 1.14% |
Company Profile
Cadence Design Systems Inc
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
The intrinsic value of one
CDNS
stock under the Base Case scenario is
149.99
USD.
Compared to the current market price of 285.34 USD,
Cadence Design Systems Inc
is
Overvalued by 47%.
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