Cadence Design Systems, Inc.
CDNS
Market Cap$84.42B
Close$
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.
Exclusive for Stockcircle Pro members
Sign up
$143.89
51% downside
Current Fair Value
51% downsideOvervalued by 51% 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 |
| Beta | 1.57 |
| Outstanding Shares | 272,239,000 |
| Avg 30 Day Volume | 1,328,678 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 81.09 |
|---|---|
| PEG | 233.42 |
| Price to Sales | 19.58 |
| Price to Book Ratio | 24.48 |
| Enterprise Value to Revenue | 20.52 |
| Enterprise Value to EBIT | 66.49 |
| Enterprise Value to Net Income | 80 |
| Total Debt to Enterprise | 0.01 |
| Debt to Equity | 0.19 |
Revenue Sources
No data
ESG Score
No data
About Cadence Design Systems, Inc.
CEO: Lip-Bu Tan