CDNS:NSD-Cadence Design Systems, Inc (USD)

COMMON STOCK | Software-Application | NSD

Last Closing Price

USD 149.85

Change

+2.56 (+1.74)%

Market Cap

USD 40.87B

Volume

1.68M

Avg Analyst Target

USD 155.09 (+3.50%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to verify the correct interaction with dozens of design IP interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was incorporated in 1988 and is headquartered in San Jose, California.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2021-08-03 )

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ETFs Containing CDNS

Symbol Name Weight Mer Price(Change) Market Cap
JKG iShares Morningstar Mid-C.. 0.00 % 0.04 %

N/A

USD0.84B
JKH iShares Morningstar Mid-C.. 0.00 % 0.06 %

N/A

USD1.59B
PDP Invesco DWA Momentum ETF 0.00 % 0.62 %

+0.78 (+0.85%)

USD2.17B
PTF Invesco Exchange-Traded F.. 0.00 % 0.60 %

+0.82 (+0.54%)

USD0.37B
ROBT First Trust Exchange-Trad.. 0.00 % 0.65 %

-0.01 (-0.02%)

USD0.24B
MIDF iShares MSCI USA Mid-Cap .. 0.00 % 0.25 %

+0.48 (+1.27%)

USD5.51M
WTAI:LSE WisdomTree Issuer ICAV - .. 0.00 % 0.40 %

+0.02 (+0.02%)

USD0.46B
EL41:F Deka MSCI USA MC UCITS ET.. 0.00 % 0.30 %

+0.05 (+0.20%)

USD0.28B
EL41:XETRA Deka MSCI USA MC UCITS ET.. 0.00 % 0.30 %

-0.22 (-0.88%)

USD0.03B

Market Performance

  Market Performance vs.
Industry/Classification (Software-Application)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 9.84% 52% F 56% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 9.84% 52% F 54% F
Trailing 12 Months  
Capital Gain 37.30% 59% F 58% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 37.30% 59% F 56% F
Trailing 5 Years  
Capital Gain 515.91% 88% B+ 93% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 515.91% 86% B 93% A
Average Annual (5 Year Horizon)  
Capital Gain 46.79% 68% D+ 84% B
Dividend Return N/A N/A N/A N/A N/A
Total Return 46.79% 68% D+ 84% B
Risk Return Profile  
Volatility (Standard Deviation) 26.96% 79% C+ 65% D
Risk Adjusted Return 173.55% 93% A 99% A+
Market Capitalization 40.87B 95% A 97% A+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Software-Application)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 60.76 44% F 18% F
Price/Book Ratio 16.03 21% F 8% F
Price / Cash Flow Ratio 45.16 36% F 10% F
EV/EBITDA 44.07 44% F 21% F
Management Effectiveness  
Return on Equity 28.43% 89% B+ 92% A-
Return on Invested Capital 22.82% 88% B+ 92% A-
Return on Assets 11.60% 93% A 95% A
Debt to Equity Ratio 13.91% 58% F 67% D+
Technical Ratios  
Short Ratio 2.17 60% D- 56% F
Short Percent 1.02% 86% B 78% C+
Beta 0.99 66% D 61% D-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.