Cadence Design Systems Statistics
Total Valuation
CDNS has a market cap or net worth of $76.81 billion. The enterprise value is $76.45 billion.
| Market Cap | 76.81B |
| Enterprise Value | 76.45B |
Important Dates
The last earnings date was Monday, April 22, 2024, after market close.
| Earnings Date | Apr 22, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
CDNS has 272.60 million shares outstanding. The number of shares has decreased by -0.82% in one year.
| Shares Outstanding | 272.60M |
| Shares Change (YoY) | -0.82% |
| Shares Change (QoQ) | -0.00% |
| Owned by Insiders (%) | 0.81% |
| Owned by Institutions (%) | 91.31% |
| Float | 269.62M |
Valuation Ratios
The trailing PE ratio is 73.76 and the forward PE ratio is 46.61. CDNS's PEG ratio is 2.84.
| PE Ratio | 73.76 |
| Forward PE | 46.61 |
| PS Ratio | 18.78 |
| Forward PS | 16.45 |
| PB Ratio | 22.56 |
| P/FCF Ratio | 61.60 |
| PEG Ratio | 2.84 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 52.22, with an EV/FCF ratio of 61.31.
| EV / Earnings | 73.43 |
| EV / Sales | 18.69 |
| EV / EBITDA | 52.22 |
| EV / EBIT | 58.00 |
| EV / FCF | 61.31 |
Financial Position
The company has a current ratio of 1.24, with a Debt / Equity ratio of 0.19.
| Current Ratio | 1.24 |
| Quick Ratio | 0.94 |
| Debt / Equity | 0.19 |
| Debt / EBITDA | 0.44 |
| Debt / FCF | 0.52 |
| Interest Coverage | 36.43 |
Financial Efficiency
Return on equity (ROE) is 33.70% and return on invested capital (ROIC) is 25.07%.
| Return on Equity (ROE) | 33.70% |
| Return on Assets (ROA) | 19.40% |
| Return on Capital (ROIC) | 25.07% |
| Revenue Per Employee | $365,177 |
| Profits Per Employee | $92,959 |
| Employee Count | 11,200 |
| Asset Turnover | 0.76 |
| Inventory Turnover | 2.81 |
Taxes
In the past 12 months, CDNS has paid $240.78 million in taxes.
| Income Tax | 240.78M |
| Effective Tax Rate | 18.78% |
Stock Price Statistics
The stock price has increased by +32.29% in the last 52 weeks. The beta is 1.03, so CDNS's price volatility has been similar to the market average.
| Beta (1Y) | 1.03 |
| 52-Week Price Change | +32.29% |
| 50-Day Moving Average | 304.83 |
| 200-Day Moving Average | 266.06 |
| Relative Strength Index (RSI) | 33.41 |
| Average Volume (30 Days) | 1,476,388 |
Short Selling Information
The latest short interest is 2.75 million, so 1.01% of the outstanding shares have been sold short.
| Short Interest | 2.75M |
| Short Previous Month | 2.65M |
| Short % of Shares Out | 1.01% |
| Short % of Float | 1.02% |
| Short Ratio (days to cover) | 1.89 |
Income Statement
In the last 12 months, CDNS had revenue of $4.09 billion and earned $1.04 billion in profits. Earnings per share was $3.82.
| Revenue | 4.09B |
| Gross Profit | 3.65B |
| Operating Income | 1.25B |
| Pretax Income | 1.28B |
| Net Income | 1.04B |
| EBITDA | 1.46B |
| EBIT | 1.32B |
| Earnings Per Share (EPS) | $3.82 |
Balance Sheet
The company has $1.01 billion in cash and $649.06 million in debt, giving a net cash position of $359.10 million or $1.32 per share.
| Cash & Cash Equivalents | 1.01B |
| Total Debt | 649.06M |
| Net Cash | 359.10M |
| Net Cash Per Share | $1.32 |
| Equity / Book Value | 3.40B |
| Book Value Per Share | 12.49 |
| Working Capital | 385.35M |
Cash Flow
In the last 12 months, operating cash flow was $1.35 billion and capital expenditures -$102.34 million, giving a free cash flow of $1.25 billion.
| Operating Cash Flow | 1.35B |
| Capital Expenditures | -102.34M |
| Free Cash Flow | 1.25B |
| FCF Per Share | $4.63 |
Margins
Gross margin is 89.36%, with operating and profit margins of 30.59% and 25.46%.
| Gross Margin | 89.36% |
| Operating Margin | 30.59% |
| Pretax Margin | 31.34% |
| Profit Margin | 25.46% |
| EBITDA Margin | 35.79% |
| EBIT Margin | 32.23% |
| FCF Margin | 30.49% |
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 | 0.82% |
| Shareholder Yield | 0.82% |
| Earnings Yield | 1.36% |
| FCF Yield | 1.62% |
Analyst Forecast
The average price target for CDNS is $314.50, which is 11.62% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $314.50 |
| Price Target Difference | 11.62% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 10 |
| Revenue Growth Forecast (5Y) | 12.64% |
| EPS Growth Forecast (5Y) | 26.10% |
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 23.13 and a Piotroski F-Score of 7.
| Altman Z-Score | 23.13 |
| Piotroski F-Score | 7 |