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

COMMON STOCK | Software—Application | NSD

Last Closing Price

USD 115.65

Change

-0.65 (-0.56)%

Market Cap

USD 32.44B

Volume

2.13M

Average Target Price

USD 121.36 (+4.93%)
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 emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products; 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 interconnect design 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 for use in system-level verification to model correct behavior of full systems interacting with their environments. 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 founded in 1988 and is headquartered in San Jose, California.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2020-12-01 )

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ETFs Containing CDNS

Symbol Name Weight Mer Price(Change) Market Cap
FVL First Trust Value Line 10.. 0.00 % 0.70 %

+0.21 (+0.93%)

USD0.03B
JHMM John Hancock Multifactor .. 0.00 % 0.42 %

+0.40 (+0.93%)

USD1.56B
KNOW Direxion All Cap Insider .. 0.00 % 0.66 %

+5.50 (+2.03%)

USD0.05B
QTEC First Trust NASDAQ-100-Te.. 0.00 % 0.57 %

+1.39 (+1.06%)

USD2.83B
RYT Invesco S&P 500 Equal Wei.. 0.00 % 0.40 %

+2.51 (+1.04%)

USD1.81B
MUMC:CA Manulife Multifactor U.S... 0.00 % 0.55 %

N/A

USD0.03B
PSET Principal Price Setters I.. 0.00 % 0.29 %

N/A

USD0.02B
CLRG IQ Chaikin U.S. Large Cap.. 0.00 % 0.25 %

+0.98 (+3.61%)

USD0.24B
ROBT First Trust Nasdaq Artifi.. 0.00 % 0.65 %

+0.50 (+1.07%)

USD0.12B
MIDF iShares Edge MSCI Multifa.. 0.00 % 0.25 %

+0.30 (+0.99%)

USD2.72M
MUMC-B:CA Manulife Multifactor U.S... 0.00 % 0.50 %

N/A

N/A
WTAI:LSE WisdomTree Artificial Int.. 0.00 % 0.00 %

+0.98 (+1.80%)

USD0.15B
EL41:F Deka MSCI USA MC UCITS ET.. 0.00 % 0.30 %

+0.07 (+0.35%)

USD0.03B
EL41:XETRA Deka MSCI USA MC UCITS ET.. 0.00 % 0.30 %

+0.20 (+0.98%)

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 66.74% 73% C 84% B
Dividend Return N/A N/A N/A N/A N/A
Total Return 66.74% 72% C- 84% B
Trailing 12 Months  
Capital Gain 77.32% 75% C 84% B
Dividend Return N/A N/A N/A N/A N/A
Total Return 77.32% 75% C 84% B
Trailing 5 Years  
Capital Gain 445.00% 89% B+ 94% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 445.00% 89% B+ 94% A
Average Annual (5 Year Horizon)  
Capital Gain 38.21% N/A N/A 88% B+
Dividend Return N/A N/A N/A N/A N/A
Total Return 38.21% N/A N/A 88% B+
Risk Return Profile  
Volatility (Standard Deviation) 21.45% N/A N/A 66% D
Risk Adjusted Return 178.11% N/A N/A 99% A+
Market Capitalization 32.44B 95% A 97% A+
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%

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 30.15 63% D 34% F
Price/Book Ratio 13.16 25% F 9% F
Price / Cash Flow Ratio 44.46 27% F 8% F
EV/EBITDA 43.62 37% F 19% F
Management Effectiveness  
Return on Equity 55.55% 97% A+ 99% A+
Return on Invested Capital 47.90% 97% A+ 97% A+
Return on Assets 10.66% 93% A 96% A
Debt to Equity Ratio 16.45% 63% D 68% D+
Technical Ratios  
Short Ratio 1.91 67% D+ 66% D
Short Percent 1.27% 76% C 72% C-
Beta 1.11 61% D- 51% F
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

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 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 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.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector