Cadence Design Systems Statistics
Total Valuation
CDNS has a market cap or net worth of $82.68 billion. The enterprise value is $82.57 billion.
| Market Cap | 82.68B |
| Enterprise Value | 82.57B |
Important Dates
The next estimated earnings date is Monday, February 10, 2025, after market close.
| Earnings Date | Feb 10, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
CDNS has 274.26 million shares outstanding. The number of shares has increased by 0.17% in one year.
| Current Share Class | 274.26M |
| Shares Outstanding | 274.26M |
| Shares Change (YoY) | +0.17% |
| Shares Change (QoQ) | +0.16% |
| Owned by Insiders (%) | 0.82% |
| Owned by Institutions (%) | 87.06% |
| Float | 271.75M |
Valuation Ratios
The trailing PE ratio is 79.35 and the forward PE ratio is 44.58. CDNS's PEG ratio is 3.09.
| PE Ratio | 79.35 |
| Forward PE | 44.58 |
| PS Ratio | 18.73 |
| Forward PS | 15.58 |
| PB Ratio | 18.12 |
| P/TBV Ratio | 58.74 |
| P/FCF Ratio | 86.83 |
| P/OCF Ratio | 75.77 |
| PEG Ratio | 3.09 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 56.92, with an EV/FCF ratio of 86.71.
| EV / Earnings | 79.45 |
| EV / Sales | 18.96 |
| EV / EBITDA | 56.92 |
| EV / EBIT | 65.03 |
| EV / FCF | 86.71 |
Financial Position
The company has a current ratio of 2.45, with a Debt / Equity ratio of 0.62.
| Current Ratio | 2.45 |
| Quick Ratio | 2.12 |
| Debt / Equity | 0.62 |
| Debt / EBITDA | 1.87 |
| Debt / FCF | 2.97 |
| Interest Coverage | 23.05 |
Financial Efficiency
Return on equity (ROE) is 27.07% and return on invested capital (ROIC) is 14.23%.
| Return on Equity (ROE) | 27.07% |
| Return on Assets (ROA) | 10.87% |
| Return on Capital (ROIC) | 14.23% |
| Revenue Per Employee | $388,742 |
| Profits Per Employee | $92,783 |
| Employee Count | 11,200 |
| Asset Turnover | 0.60 |
| Inventory Turnover | 2.33 |
Taxes
In the past 12 months, CDNS has paid $282.06 million in taxes.
| Income Tax | 282.06M |
| Effective Tax Rate | 21.35% |
Stock Price Statistics
The stock price has increased by +9.89% in the last 52 weeks. The beta is 1.03, so CDNS's price volatility has been similar to the market average.
| Beta (5Y) | 1.03 |
| 52-Week Price Change | +9.89% |
| 50-Day Moving Average | 292.36 |
| 200-Day Moving Average | 288.94 |
| Relative Strength Index (RSI) | 48.69 |
| Average Volume (20 Days) | 1,695,005 |
Short Selling Information
The latest short interest is 3.81 million, so 1.39% of the outstanding shares have been sold short.
| Short Interest | 3.81M |
| Short Previous Month | 3.63M |
| Short % of Shares Out | 1.39% |
| Short % of Float | 1.40% |
| Short Ratio (days to cover) | 1.99 |
Income Statement
In the last 12 months, CDNS had revenue of $4.35 billion and earned $1.04 billion in profits. Earnings per share was $3.80.
| Revenue | 4.35B |
| Gross Profit | 3.82B |
| Operating Income | 1.27B |
| Pretax Income | 1.29B |
| Net Income | 1.04B |
| EBITDA | 1.45B |
| EBIT | 1.27B |
| Earnings Per Share (EPS) | $3.80 |
Balance Sheet
The company has $2.94 billion in cash and $2.83 billion in debt, giving a net cash position of $116.10 million or $0.42 per share.
| Cash & Cash Equivalents | 2.94B |
| Total Debt | 2.83B |
| Net Cash | 116.10M |
| Net Cash Per Share | $0.42 |
| Equity (Book Value) | 4.56B |
| Book Value Per Share | 16.64 |
| Working Capital | 2.42B |
Cash Flow
In the last 12 months, operating cash flow was $1.09 billion and capital expenditures -$139.04 million, giving a free cash flow of $952.24 million.
| Operating Cash Flow | 1.09B |
| Capital Expenditures | -139.04M |
| Free Cash Flow | 952.24M |
| FCF Per Share | $3.47 |
Margins
Gross margin is 87.79%, with operating and profit margins of 29.16% and 23.87%.
| Gross Margin | 87.79% |
| Operating Margin | 29.16% |
| Pretax Margin | 30.35% |
| Profit Margin | 23.87% |
| EBITDA Margin | 33.31% |
| EBIT Margin | 29.16% |
| FCF Margin | 21.87% |
Dividends & Yields
CDNS does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -0.17% |
| Shareholder Yield | -0.17% |
| Earnings Yield | 1.26% |
| FCF Yield | 1.15% |
Analyst Forecast
The average price target for CDNS is $327.92, which is 8.77% higher than the current price. The consensus rating is "Buy".
| Price Target | $327.92 |
| Price Target Difference | 8.77% |
| Analyst Consensus | Buy |
| Analyst Count | 13 |
| Revenue Growth Forecast (5Y) | 10.59% |
| EPS Growth Forecast (5Y) | 16.01% |
Stock Splits
The last stock split was on November 17, 1997. It was a forward split with a ratio of 2:1.
| Last Split Date | Nov 17, 1997 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
CDNS has an Altman Z-Score of 12.12 and a Piotroski F-Score of 5.
| Altman Z-Score | 12.12 |
| Piotroski F-Score | 5 |