NAS:CDNS (USA) Also trade in: Germany UK

Cadence Design Systems Inc

$ 63.99 0.27 (0.42%)
Volume: 2,099,463 Avg Vol (1m): 2,206,746
Market Cap $: 17.98 Bil Enterprise Value $: 17.84 Bil
P/E (TTM): 45.69 P/B: 13.13
Earnings Power Value 14.15
Net Current Asset Value -0.94
Tangible Book 1.75
Projected FCF 24.49
Median P/S Value 23.39
Graham Number 7.42
Peter Lynch Value 20.55
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 7/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Cash-to-Debt 1.36
Cash-To-Debt ranked lower than
63.39% of 2180 companies
in the Software - Application industry.
Industry Max: 52661, Med: 5.23, Min: 0.01
CDNS: 1.36
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.68, Med: 1.9, Max: 201.15
Current: 1.36
0.68
201.15
Equity-to-Asset 0.54
Equity-to-Asset ranked lower than
55.93% of 2115 companies
in the Software - Application industry.
Industry Max: 1.55, Med: 0.6, Min: -56.05
CDNS: 0.54
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.06, Med: 0.55, Max: 0.76
Current: 0.54
0.06
0.76
Debt-to-Equity 0.29
Debt-to-Equity ranked higher than
50.75% of 1267 companies
in the Software - Application industry.
Industry Max: 248.23, Med: 0.27, Min: 0.01
CDNS: 0.29
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0, Med: 0.25, Max: 4.93
Current: 0.29
0
4.93
Debt-to-EBITDA 0.70
Debt-to-EBITDA ranked higher than
64.48% of 1112 companies
in the Software - Application industry.
Industry Max: 5506.28, Med: 1.26, Min: 0.01
CDNS: 0.7
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: -13.84, Med: 1.52, Max: 8.88
Current: 0.7
-13.84
8.88
Interest Coverage 20.93
Interest Coverage ranked lower than
66.98% of 1702 companies
in the Software - Application industry.
Industry Max: 14867928, Med: 46.64, Min: 0.01
CDNS: 20.93
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 2.81, Med: 8.3, Max: 20.93
Current: 20.93
2.81
20.93
Piotroski F-Score 7
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 11.17
DISTRESS
GREY
SAFE
Beneish M-Score -2.45
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 37.42%
WACC 9.25%

Profitability & Growth : 8/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 20.53
Operating Margin ranked higher than
82.88% of 2144 companies
in the Software - Application industry.
Industry Max: 678.59, Med: 4.91, Min: -510650
CDNS: 20.53
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: -10.82, Med: 14.96, Max: 20.53
Current: 20.53
-10.82
20.53
Net Margin % 17.90
Net Margin ranked higher than
76.73% of 2144 companies
in the Software - Application industry.
Industry Max: 990.53, Med: 3.58, Min: -307550
CDNS: 17.9
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: -17.58, Med: 11.22, Max: 33.17
Current: 17.9
-17.58
33.17
ROE % 31.52
ROE ranked higher than
82.10% of 2062 companies
in the Software - Application industry.
Industry Max: 1271.48, Med: 6.36, Min: -234428.57
CDNS: 31.52
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: -101.58, Med: 20.09, Max: 66.34
Current: 31.52
-101.58
66.34
ROA % 15.99
ROA ranked higher than
78.13% of 2199 companies
in the Software - Application industry.
Industry Max: 3269.23, Med: 2.95, Min: -16416.67
CDNS: 15.99
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: -9.7, Med: 8.55, Max: 21.74
Current: 15.99
-9.7
21.74
ROC (Joel Greenblatt) % 178.33
ROC (Joel Greenblatt) ranked higher than
79.54% of 2165 companies
in the Software - Application industry.
Industry Max: 85250, Med: 23.63, Min: -99999999.99
CDNS: 178.33
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: -37.41, Med: 89.88, Max: 178.33
Current: 178.33
-37.41
178.33
3-Year Total Revenue Growth Rate 7.90
3-Year Revenue Growth Rate ranked higher than
61.89% of 1829 companies
in the Software - Application industry.
Industry Max: 1196.4, Med: 6.3, Min: -100
CDNS: 11.7
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -16.7, Med: 4.9, Max: 60.5
Current: 11.7
-16.7
60.5
3-Year Total EBITDA Growth Rate 7.80
3-Year EBITDA Growth Rate ranked higher than
60.58% of 1588 companies
in the Software - Application industry.
Industry Max: 1165.1, Med: 9.1, Min: -450.9
CDNS: 11.6
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: 5, Max: 73.2
Current: 11.6
0
73.2
3-Year EPS w/o NRI Growth Rate 14.90
3-Year EPS w/o NRI Growth Rate ranked higher than
52.30% of 1432 companies
in the Software - Application industry.
Industry Max: 719.3, Med: 10.7, Min: -502.1
CDNS: 14.9
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: -23.1, Max: 79.8
Current: 14.9
0
79.8

» CDNS's 30-Y Financials

Financials (Next Earnings Date: 2019-07-23)

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Business Description

Industry Application Software » Software - Application    NAICS : 511210    SIC : 7372
Compare NAS:CHKP TSX:CSU NAS:SNPS NAS:SPLK NAS:LYFT NYSE:TWLO NAS:ANSS NAS:FTNT NAS:SYMC NYSE:PANW XAMS:ADYEN TSX:SHOP NAS:AKAM NAS:TEAM NYSE:PAYC NAS:PTC NYSE:DATA TSX:OTEX SZSE:002230 TSE:4684
Traded in other countries CDS.Germany 0HS2.UK
Address 2655 Seely Avenue, Building 5, San Jose, CA, USA, 95134
Cadence Design Systems develops system design enablement solutions that are used to design whole electronics systems, complex integrated circuits, and electronic devices. The firm provides maintenance services for its software, hardware, and product offerings. Customers include electronic systems and semiconductor companies, Internet infrastructure and service companies, and other technology companies that develop a range of electronic products. The renewal of customer contracts is dependent on new design project commencements. Roughly half of the firm's revenue is generated in the United States, but the firm also has a sizable presence in Asia and Europe.

Ratios

Current vs industry vs history
PE Ratio (TTM) 45.69
PE Ratio ranked lower than
81.83% of 1475 companies
in the Software - Application industry.
Industry Max: 10600, Med: 24.79, Min: 0.01
CDNS: 45.69
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 7.25, Med: 33.57, Max: 143.63
Current: 45.69
7.25
143.63
Forward PE Ratio 30.86
Forward P/E ranked lower than
51.75% of 456 companies
in the Software - Application industry.
Industry Max: 2500, Med: 26.18, Min: 2.66
CDNS: 30.86
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 45.69
PE without NRI ranked lower than
82.60% of 1414 companies
in the Software - Application industry.
Industry Max: 10600, Med: 24.46, Min: 0.01
CDNS: 45.69
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 7.25, Med: 33.57, Max: 143.63
Current: 45.69
7.25
143.63
Price-to-Owner-Earnings 43.94
Price-to-Owner-Earnings ranked lower than
64.41% of 826 companies
in the Software - Application industry.
Industry Max: 2445, Med: 25.26, Min: 0.08
CDNS: 43.94
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 15.92, Med: 26.67, Max: 76.88
Current: 43.94
15.92
76.88
PB Ratio 13.13
PB Ratio ranked lower than
86.83% of 2262 companies
in the Software - Application industry.
Industry Max: 5500, Med: 2.93, Min: 0.01
CDNS: 13.13
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.44, Med: 7.04, Max: 22.46
Current: 13.13
0.44
22.46
PS Ratio 8.17
PS Ratio ranked lower than
77.91% of 2268 companies
in the Software - Application industry.
Industry Max: 285714.29, Med: 2.86, Min: 0
CDNS: 8.17
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.61, Med: 2.99, Max: 8.98
Current: 8.17
0.61
8.98
Price-to-Free-Cash-Flow 31.59
Price-to-Free-Cash-Flow ranked higher than
52.16% of 924 companies
in the Software - Application industry.
Industry Max: 2237.2, Med: 28.2, Min: 0.08
CDNS: 31.59
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 7.11, Med: 19.18, Max: 229.71
Current: 31.59
7.11
229.71
Price-to-Operating-Cash-Flow 28.42
Price-to-Operating-Cash-Flow ranked lower than
56.73% of 1181 companies
in the Software - Application industry.
Industry Max: 6271.25, Med: 20.26, Min: 0.04
CDNS: 28.42
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 3.53, Med: 16.48, Max: 64.69
Current: 28.42
3.53
64.69
EV-to-EBIT 39.83
EV-to-EBIT ranked lower than
74.11% of 1537 companies
in the Software - Application industry.
Industry Max: 119475.88, Med: 18.1, Min: 0.05
CDNS: 39.83
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: -565.7, Med: 22, Max: 106.5
Current: 39.83
-565.7
106.5
EV-to-EBITDA 31.46
EV-to-EBITDA ranked lower than
73.09% of 1661 companies
in the Software - Application industry.
Industry Max: 64649.64, Med: 14.06, Min: 0.01
CDNS: 31.46
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: -48.2, Med: 16.3, Max: 93.7
Current: 31.46
-48.2
93.7
EV-to-Revenue 8.11
EV-to-Revenue ranked lower than
75.38% of 2327 companies
in the Software - Application industry.
Industry Max: 295554.27, Med: 2.52, Min: 0.01
CDNS: 8.11
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 0.5, Med: 2.8, Max: 8.9
Current: 8.11
0.5
8.9
PEG Ratio 3.50
PEG Ratio ranked lower than
87.08% of 650 companies
in the Software - Application industry.
Industry Max: 288.5, Med: 1.89, Min: 0.02
CDNS: 3.5
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 0.63, Med: 3.17, Max: 9.7
Current: 3.5
0.63
9.7
Shiller PE Ratio 85.95
Shiller PE Ratio ranked lower than
100.00% of 588 companies
in the Software - Application industry.
Industry Max: 13256.8, Med: 33.85, Min: 0.02
CDNS: 85.95
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 12.08, Med: 63.44, Max: 94.96
Current: 85.95
12.08
94.96
Current Ratio 1.45
Current Ratio ranked lower than
58.12% of 2075 companies
in the Software - Application industry.
Industry Max: 672.73, Med: 1.93, Min: 0.01
CDNS: 1.45
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.87, Med: 1.7, Max: 3.66
Current: 1.45
0.87
3.66
Quick Ratio 1.39
Quick Ratio ranked lower than
55.13% of 2075 companies
in the Software - Application industry.
Industry Max: 672.73, Med: 1.78, Min: 0.01
CDNS: 1.39
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.84, Med: 1.65, Max: 3.63
Current: 1.39
0.84
3.63
Days Inventory 42.47
Days Inventory ranked lower than
71.65% of 1270 companies
in the Software - Application industry.
Industry Max: 73152.82, Med: 16.77, Min: 0.01
CDNS: 42.47
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 42.47, Med: 74.78, Max: 86.98
Current: 42.47
42.47
86.98
Days Sales Outstanding 26.30
Days Sales Outstanding ranked higher than
77.95% of 2082 companies
in the Software - Application industry.
Industry Max: 989.79, Med: 66.86, Min: 0.02
CDNS: 26.3
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 17.19, Med: 22.69, Max: 91.89
Current: 26.3
17.19
91.89
Days Payable 7.52
Days Payable ranked higher than
94.01% of 1870 companies
in the Software - Application industry.
Industry Max: 2567.37, Med: 44.89, Min: 0.02
CDNS: 7.52
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 6.04, Med: 12.91, Max: 45.51
Current: 7.52
6.04
45.51

Dividend & Buy Back

Current vs industry vs history
3-Year Share Buyback Rate 3.00
3-Year Share Buyback Rate ranked higher than
91.11% of 1507 companies
in the Software - Application industry.
Industry Max: 100, Med: -3.3, Min: -1487.4
CDNS: 3
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -16.7, Med: -2.1, Max: 7.3
Current: 3
-16.7
7.3

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 36.57
Price-to-Tangible-Book ranked lower than
94.09% of 2013 companies
in the Software - Application industry.
Industry Max: 5500, Med: 4.54, Min: 0.01
CDNS: 36.57
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 2.05, Med: 9.64, Max: 577.5
Current: 36.57
2.05
577.5
Price-to-Projected-FCF 2.61
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
57.66% of 907 companies
in the Software - Application industry.
Industry Max: 650.5, Med: 2.08, Min: 0.01
CDNS: 2.61
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.21, Med: 1.66, Max: 9.29
Current: 2.61
0.21
9.29
Price-to-Median-PS-Value 2.74
Price-to-Median-PS-Value ranked lower than
92.73% of 2062 companies
in the Software - Application industry.
Industry Max: 78, Med: 1, Min: 0.02
CDNS: 2.74
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.17, Med: 1.06, Max: 2.75
Current: 2.74
0.17
2.75
Price-to-Peter-Lynch-Fair-Value 3.11
Price-to-Peter-Lynch-Fair-Value ranked lower than
91.09% of 449 companies
in the Software - Application industry.
Industry Max: 169, Med: 1.62, Min: 0.01
CDNS: 3.11
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 0.24, Med: 2.27, Max: 16.95
Current: 3.11
0.24
16.95
Price-to-Graham-Number 8.62
Price-to-Graham-Number ranked lower than
93.16% of 1170 companies
in the Software - Application industry.
Industry Max: 84.5, Med: 2.19, Min: 0.01
CDNS: 8.62
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 1.19, Med: 3.81, Max: 54.35
Current: 8.62
1.19
54.35
Earnings Yield (Joel Greenblatt) % 2.50
Earnings Yield (Greenblatt) ranked higher than
52.84% of 2413 companies
in the Software - Application industry.
Industry Max: 2103.44, Med: 2.07, Min: -5000
CDNS: 2.5
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: -303.4, Med: 3.3, Max: 13.4
Current: 2.5
-303.4
13.4
Forward Rate of Return (Yacktman) % 16.87
Forward Rate of Return ranked higher than
63.47% of 939 companies
in the Software - Application industry.
Industry Max: 34548.51, Med: 10.12, Min: -301.2
CDNS: 16.87
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: 3.1, Med: 10.8, Max: 31.4
Current: 16.87
3.1
31.4

More Statistics

Revenue (TTM) (Mil) $ 2,197.45
EPS (TTM) $ 1.4
Beta 1.17
Volatility % 23.67
52-Week Range $ 39.08 - 70.49
Shares Outstanding (Mil) 280.02

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 7
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy Y
Higher Current Ratio yoy Y
Less Shares Outstanding yoy Y
Higher Gross Margin yoy N
Higher Asset Turnover yoy N