stock.name

Cadence Design Systems, Inc.

CDNS

Market Cap$84.42B
Close$

Compare Cadence Design Systems

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cadence Design Systems, Inc.Cadence Design Systems, Inc.81.10%31%20.40.2
marketMarket Avg58.91.26%30%-1
TechnologyTechnology Avg44.10.64%42%-0.7

Earnings Call Q4 2023

February 12, 2024 - AI Summary

Cadence reported a strong Q4 and record-breaking 2023, with 15% revenue growth, 42% non-GAAP operating margin, and over 20% non-GAAP EPS growth for the year.
The company achieved a record backlog of $6 billion at the end of 2023, driven by broad-based demand across geographies and businesses.
Cadence's Intelligent System Design strategy continues to drive growth, with significant product launches including the revolutionary Millennium M1 platform, partnerships with Intel Foundry and NVIDIA, and expansion in AI offerings.

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$342.00

Target Price by Analysts

11.8% upsideCadence Design Systems Target Price DetailsTarget Price
$311.93

Current Fair Value

2% upside

Undervalued by 2% based on the discounted cash flow analysis.

Share Statistics

Market cap$84.42 Billion
Enterprise Value$83.93 Billion
Dividend Yield$0.0 (0.0%)
Earnings per Share$3.82
Beta1.57
Outstanding Shares272,239,000
Avg 30 Day Volume1,328,678

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio81.09
PEG233.42
Price to Sales20.39
Price to Book Ratio25.49
Enterprise Value to Revenue20.52
Enterprise Value to EBIT66.49
Enterprise Value to Net Income80
Total Debt to Enterprise0.01
Debt to Equity0.19

Revenue Sources

No data

ESG Score

No data

About Cadence Design Systems, Inc.

CEO: Lip-Bu Tan