Cadence Design Systems Statistics
Total Valuation
CDNS has a market cap or net worth of $76.26 billion. The enterprise value is $75.90 billion.
| Market Cap | 76.26B |
| Enterprise Value | 75.90B |
Important Dates
The next confirmed earnings date is Monday, July 22, 2024, after market close.
| Earnings Date | Jul 22, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
CDNS has 272.42 million shares outstanding. The number of shares has increased by 0.14% in one year.
| Shares Outstanding | 272.42M |
| Shares Change (YoY) | +0.14% |
| Shares Change (QoQ) | +0.41% |
| Owned by Insiders (%) | 0.80% |
| Owned by Institutions (%) | 91.18% |
| Float | 269.61M |
Valuation Ratios
The trailing PE ratio is 72.90 and the forward PE ratio is 44.60. CDNS's PEG ratio is 2.84.
| PE Ratio | 72.90 |
| Forward PE | 44.60 |
| PS Ratio | 18.70 |
| Forward PS | 15.84 |
| PB Ratio | 21.38 |
| P/FCF Ratio | 63.04 |
| PEG Ratio | 2.84 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 52.08, with an EV/FCF ratio of 62.74.
| EV / Earnings | 72.50 |
| EV / Sales | 18.62 |
| EV / EBITDA | 52.08 |
| EV / EBIT | 58.11 |
| EV / FCF | 62.74 |
Financial Position
The company has a current ratio of 1.32, with a Debt / Equity ratio of 0.18.
| Current Ratio | 1.32 |
| Quick Ratio | 0.96 |
| Debt / Equity | 0.18 |
| Debt / EBITDA | 0.45 |
| Debt / FCF | 0.54 |
| Interest Coverage | 36.67 |
Financial Efficiency
Return on equity (ROE) is 32.20% and return on invested capital (ROIC) is 23.03%.
| Return on Equity (ROE) | 32.20% |
| Return on Assets (ROA) | 19.10% |
| Return on Capital (ROIC) | 23.03% |
| Revenue Per Employee | $364,053 |
| Profits Per Employee | $93,481 |
| Employee Count | 11,200 |
| Asset Turnover | 0.74 |
| Inventory Turnover | 2.78 |
Taxes
In the past 12 months, CDNS has paid $223.50 million in taxes.
| Income Tax | 223.50M |
| Effective Tax Rate | 17.59% |
Stock Price Statistics
The stock price has increased by +15.45% 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 | +15.45% |
| 50-Day Moving Average | 301.20 |
| 200-Day Moving Average | 285.06 |
| Relative Strength Index (RSI) | 31.05 |
| Average Volume (20 Days) | 1,649,486 |
Short Selling Information
The latest short interest is 3.71 million, so 1.36% of the outstanding shares have been sold short.
| Short Interest | 3.71M |
| Short Previous Month | 3.82M |
| Short % of Shares Out | 1.36% |
| Short % of Float | 1.38% |
| Short Ratio (days to cover) | 2.15 |
Income Statement
In the last 12 months, CDNS had revenue of $4.08 billion and earned $1.05 billion in profits. Earnings per share was $3.84.
| Revenue | 4.08B |
| Gross Profit | 3.64B |
| Operating Income | 1.18B |
| Pretax Income | 1.27B |
| Net Income | 1.05B |
| EBITDA | 1.46B |
| EBIT | 1.31B |
| Earnings Per Share (EPS) | $3.84 |
Balance Sheet
The company has $1.01 billion in cash and $649.31 million in debt, giving a net cash position of $363.11 million or $1.33 per share.
| Cash & Cash Equivalents | 1.01B |
| Total Debt | 649.31M |
| Net Cash | 363.11M |
| Net Cash Per Share | $1.33 |
| Equity (Book Value) | 3.57B |
| Book Value Per Share | 13.10 |
| Working Capital | 464.19M |
Cash Flow
In the last 12 months, operating cash flow was $1.34 billion and capital expenditures -$125.22 million, giving a free cash flow of $1.21 billion.
| Operating Cash Flow | 1.34B |
| Capital Expenditures | -125.22M |
| Free Cash Flow | 1.21B |
| FCF Per Share | $4.49 |
Margins
Gross margin is 89.31%, with operating and profit margins of 28.91% and 25.68%.
| Gross Margin | 89.31% |
| Operating Margin | 28.91% |
| Pretax Margin | 31.16% |
| Profit Margin | 25.68% |
| EBITDA Margin | 35.75% |
| EBIT Margin | 32.03% |
| FCF Margin | 29.67% |
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 | -0.14% |
| Shareholder Yield | -0.14% |
| Earnings Yield | 1.37% |
| FCF Yield | 1.59% |
Analyst Forecast
The average price target for CDNS is $334.89, which is 19.63% higher than the current price. The consensus rating is "Buy".
| Price Target | $334.89 |
| Price Target Difference | 19.63% |
| Analyst Consensus | Buy |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | 14.09% |
| EPS Growth Forecast (5Y) | 25.84% |
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 24.07 and a Piotroski F-Score of 6.
| Altman Z-Score | 24.07 |
| Piotroski F-Score | 6 |