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 $207.34 at the start of the last trading session i.e. 2023-03-30.

The stocks traded within a range of $205.39 - $207.98, and closed at $207.01.

This is a +0.49% increase from the previous day's closing price.

A total volume of 1,629,685 shares were traded at the close of the day’s session.

In the last one week, shares of Cadence Design Systems Inc have increased by +1.48%.

Cadence Design Systems Inc's Key Ratios

Cadence Design Systems Inc has a market cap of $56.28 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 $3.56 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 30.43% while its return on assets stood at 14.23% with a return of equity of 30.95%.

In Q4, Cadence Design Systems Inc’s quarterly earnings growth was a positive 37.6% while revenue growth was a positive 16.4%.

Cadence Design Systems Inc’s PE and PEG Ratio

Forward PE

35.2113

Trailing PE

67.101

PEG

2.0722

Its diluted EPS in the last 12-months stands at $3.07 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

$5.14 billion

Total Liabilities

$1.35 billion

Operating Cash Flow

$-64176000.00

Capital Expenditure

$35.92 million

Dividend Payout Ratio

0%

Cadence Design Systems Inc ended 2023 with $5.14 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.14 billion while shareholder equity stood at $2.75 billion.

Cadence Design Systems Inc ended 2023 with $91.52 million in deferred long-term liabilities, $1.35 billion in other current liabilities, 2765673000.00 in common stock, $3.90 billion in retained earnings and $1.37 billion in goodwill. Its cash balance stood at $882.33 million and cash and short-term investments were $882.33 million. The company’s total short-term debt was $100,000,000 while long-term debt stood at $648.08 million.

Cadence Design Systems Inc’s total current assets stands at $1.71 billion while long-term investments were $120.00 million and short-term investments were $0. Its net receivables were $486.71 million compared to accounts payable of $557.16 million and inventory worth $128.01 million.

In 2023, Cadence Design Systems Inc's operating cash flow was $-64176000.00 while its capital expenditure stood at $35.92 million.

Comparatively, Cadence Design Systems Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$207.01

52-Week High

$209.5

52-Week Low

$132.32

Analyst Target Price

$216.57

Cadence Design Systems Inc stock is currently trading at $207.01 per share. It touched a 52-week high of $209.5 and a 52-week low of $209.5. Analysts tracking the stock have a 12-month average target price of $216.57.

Its 50-day moving average was $194 and 200-day moving average was $171.88 The short ratio stood at 2.4 indicating a short percent outstanding of 0%.

Around 94.9% of the company’s stock are held by insiders while 9040.1% are held by institutions.