Cadence Design Systems Inc

Company Profile

Cadence Design Systems Inc had its IPO on 1987-06-10 under the ticker symbol CDNS.

The company operates in the Technology sector and Software-Application industry. Cadence Design Systems Inc has a staff strength of 10,200 employees.

Stock update

Shares of Cadence Design Systems Inc opened at $241.9 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $236.34 - $242.05, and closed at $236.46.

This is a -2.79% slip from the previous day's closing price.

A total volume of 986,414 shares were traded at the close of the day’s session.

In the last one week, shares of Cadence Design Systems Inc have slipped by -2.92%.

Cadence Design Systems Inc's Key Ratios

Cadence Design Systems Inc has a market cap of $63.35 billion, indicating a price to book ratio of 16.7611 and a price to sales ratio of 12.956.

In the last 12-months Cadence Design Systems Inc’s revenue was $3.68 billion with a gross profit of $3.19 billion and an EBITDA of $1.22 billion. The EBITDA ratio measures Cadence Design Systems Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Cadence Design Systems Inc’s operating margin was 29.54% while its return on assets stood at 14.21% with a return of equity of 30.01%.

In Q1, Cadence Design Systems Inc’s quarterly earnings growth was a positive 4.7% while revenue growth was a positive 13.3%.

Cadence Design Systems Inc’s PE and PEG Ratio

Forward PE

35.2113

Trailing PE

74.4647

PEG

2.0722

Its diluted EPS in the last 12-months stands at $3.12 per share while it has a forward price to earnings multiple of 35.2113 and a PEG multiple of 2.0722. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Cadence Design Systems Inc’s profitability.

Cadence Design Systems Inc stock is trading at a EV to sales ratio of 13.1483 and a EV to EBITDA ratio of 38.5695. Its price to sales ratio in the trailing 12-months stood at 12.956.

Cadence Design Systems Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$5.17 billion

Total Liabilities

$1.18 billion

Operating Cash Flow

$-35672000.00

Capital Expenditure

$26.72 million

Dividend Payout Ratio

0%

Cadence Design Systems Inc ended 2024 with $5.17 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.17 billion while shareholder equity stood at $2.94 billion.

Cadence Design Systems Inc ended 2024 with $0 in deferred long-term liabilities, $1.18 billion in other current liabilities, 2878749000.00 in common stock, $4.14 billion in retained earnings and $1.38 billion in goodwill. Its cash balance stood at $916.96 million and cash and short-term investments were $916.96 million. The company’s total short-term debt was $30,000,000 while long-term debt stood at $648.30 million.

Cadence Design Systems Inc’s total current assets stands at $1.70 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $488.24 million compared to accounts payable of $430.14 million and inventory worth $127.57 million.

In 2024, Cadence Design Systems Inc's operating cash flow was $-35672000.00 while its capital expenditure stood at $26.72 million.

Comparatively, Cadence Design Systems Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$236.46

52-Week High

$239

52-Week Low

$138.76

Analyst Target Price

$227.11

Cadence Design Systems Inc stock is currently trading at $236.46 per share. It touched a 52-week high of $239 and a 52-week low of $239. Analysts tracking the stock have a 12-month average target price of $227.11.

Its 50-day moving average was $234.02 and 200-day moving average was $206.01 The short ratio stood at 2.43 indicating a short percent outstanding of 0%.

Around 94.7% of the company’s stock are held by insiders while 9175% are held by institutions.