Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

Financial Strength

8/10

Name	Current	Vs Industry
Cash-To-Debt	1.48
Equity-to-Asset	0.57
Debt-to-Equity	0.21
Debt-to-EBITDA	0.5
Interest Coverage	31.35
Piotroski F-Score	7/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	21.78	Distress Grey Safe
Beneish M-Score	-2.67	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

10/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	15.9
	3-Year EBITDA Growth Rate	25.5
	3-Year EPS without NRI Growth Rate	-4.2
	3-Year FCF Growth Rate	20.3
	3-Year Book Growth Rate	10.2
	Future 3-5Y EPS without NRI Growth Rate	17.3
	Future 3-5Y Total Revenue Growth Rate	14.2

Momentum Rank

6/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	48.89
	9-Day RSI	60.63
	14-Day RSI	63.6
	6-1 Month Momentum %	5.37
	12-1 Month Momentum %	38.52

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.44
	Quick Ratio	1.31
	Cash Ratio	0.76
	Days Inventory	115.79
	Days Sales Outstanding	27.12

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	3-Year Average Share Buyback Ratio	0.9
	Shareholder Yield %	0.36

Profitability Rank

10/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	89.18
	Operating Margin %	29.01
	Net Margin %	24.42
	FCF Margin %	31.5
	ROE %	33.21
	ROA %	18.51
	ROIC %	22.87
	ROC (Joel Greenblatt) %	289.78
	ROCE %	29.74
	Years of Profitability over Past 10-Year	10

GF Value Rank

1/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	77.02
	Forward PE Ratio	45.66
	PE Ratio without NRI	75.22
	Shiller PE Ratio	130.6
	Price-to-Owner-Earnings	76.69
	PEG Ratio	3.43
	PS Ratio	18.81
	PB Ratio	23.62
	Price-to-Tangible-Book	58.14
	Price-to-Free-Cash-Flow	59.72
	Price-to-Operating-Cash-Flow	55.01
	EV-to-EBIT	62.77
	EV-to-Forward-EBIT	40.54
	EV-to-EBITDA	55.95
	EV-to-Forward-EBITDA	35.93
	EV-to-Revenue	18.68
	EV-to-Forward-Revenue	16.02
	EV-to-FCF	59.29
	Price-to-Projected-FCF	4.84
	Price-to-DCF (Earnings Based)	3.02
	Price-to-DCF (FCF Based)	2.32
	Price-to-Median-PS-Value	2.92
	Price-to-Peter-Lynch-Fair-Value	3.25
	Price-to-Graham-Number	13.93
	Earnings Yield (Greenblatt) %	1.59
	FCF Yield %	1.68
	Forward Rate of Return (Yacktman) %	21.23

Financials (Next Earnings Date:2024-02-13 Est.)

Annual Quarterly TTM

CDNS's 30-Y Financials

Balance Sheet Breakdown

Annual Quarterly

No Enough Data

Cashflow Statement Breakdown

Annual Quarterly

No Enough Data

Historical Operating Revenue by Business Segment

Value % YoY

Historical Operating Revenue by Geographic Region

Value % YoY

See Details

5-Step DuPont Analysis as of

Annual Quarterly

No Enough Data

Cadence Design Systems Inc Operating Data

Annual Quarterly

CDNS's Complete Operating Data

No operating data available for Cadence Design Systems Inc.

Guru Trades

See Details

Insider Trades

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Gurus Latest Trades with NAS:CDNS

No Available Data

Peter Lynch Chart

Y-axis scale:

Log Linear

Interactive Chart

Performance

Dividend

Log

Bar

Annualized Return %

Symbol	1 Week	1 Month	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years

Total Annual Return %

Symbol	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014

Cadence Design Systems Inc Executives

Details

GF Value: $219.49

CDNS

Valuation Chart

Year:

Warning Signs

Warning! GuruFocus detected 1 Severe warning sign with CDNS. Try a 7-Day Free Trial to check it out.

Analyst Estimate

Annual Quarterly

Key Statistics

	Name	Value
	Revenue (TTM) (Mil $)	3,921.24
	EPS (TTM) ($)	3.51
	Beta	1.04
	Volatility %	22.46
	14-Day RSI	63.6
	14-Day ATR ($)	5.726653
	20-Day SMA ($)	265.386
	12-1 Month Momentum %	38.52
	52-Week Range ($)	154.88 - 279.325
	Shares Outstanding (Mil)	272.06

Piotroski F-Score Details

Year:

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

Cadence Design Systems Inc Filings

10-K10-QForm 4Others

	Filing Date	Document Date	Form
No Filing Data

Cadence Design Systems Inc Stock Events

	Event	Date	Price($)
No Event Data

Cadence Design Systems Inc Frequently Asked Questions

What is Cadence Design Systems Inc(CDNS)'s stock price today?

The current price of CDNS is $270.33. The 52 week high of CDNS is $279.33 and 52 week low is $154.88.

When is next earnings date of Cadence Design Systems Inc(CDNS)?

The next earnings date of Cadence Design Systems Inc(CDNS) is 2024-02-13 Est..

Does Cadence Design Systems Inc(CDNS) pay dividends? If so, how much?

Cadence Design Systems Inc(CDNS) does not pay dividend.

Press Release

	Subject	Date
No Press Release

Headlines

No news.

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