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NASDAQ: CDNS
Cadence Design Systems Inc Stock

$288.93-4.17 (-1.42%)
Updated May 16, 2024
CDNS Price
$288.93
Fair Value Price
$145.58
Market Cap
$78.63B
52 Week Low
$203.13
52 Week High
$327.36
P/E
74.47x
P/B
22.04x
P/S
20.58x
PEG
4.62x
Dividend Yield
N/A
Revenue
$4.08B
Earnings
$1.05B
Gross Margin
89.3%
Operating Margin
32.03%
Profit Margin
25.7%
Debt to Equity
0.6
Operating Cash Flow
$1B
Beta
1.25
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

CDNS Overview

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 and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. 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 comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

Zen Score

Industry Average (27)
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Due Diligence Checks

CDNS ($288.93) is overvalued by 98.47% relative to our estimate of its Fair Value price of $145.58 based on Discounted Cash Flow (DCF) modelling
Below Fair Value Valuation
CDNS ($288.93) is not significantly undervalued (98.47%) relative to our estimate of its Fair Value price of $145.58 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
CDNS ($288.93) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
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CDNS News

Valuation

CDNS fair value

Fair Value of CDNS stock based on Discounted Cash Flow (DCF)
Price
$288.93
Fair Value
$145.58
Overvalued by
98.47%
CDNS ($288.93) is overvalued by... subscribe to Premium to read more.
Below Fair Value Valuation
CDNS ($288.93) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
CDNS ($288.93) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

CDNS price to earnings (PE)

For valuing profitable companies with steady earnings
Company
74.47x
Industry
32.52x
Market
31.03x
CDNS is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
CDNS is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation

CDNS price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
22.04x
Industry
6.53x
CDNS is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

CDNS price to earnings growth (PEG)

For valuing profitable companies with growth potential
CDNS is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

CDNS's financial health

Profit margin

Revenue
$1.0B
Net Income
$247.6M
Profit Margin
24.5%
CDNS's Earnings (EBIT) of $1.31B... subscribe to Premium to read more.
Interest Coverage Financials
CDNS's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$5.7B
Liabilities
$2.2B
Debt to equity
0.6
CDNS's short-term assets ($1.93B) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
CDNS's short-term assets ($1.93B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
CDNS's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
CDNS's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$253.2M
Investing
-$79.8M
Financing
-$159.4M
CDNS's operating cash flow ($1.34B)... subscribe to Premium to read more.
Debt Coverage Financials

CDNS vs App Stocks

TickerMarket Cap1d %P/EP/B
CDNS$78.63B-1.42%74.47x22.04x
SHOP$74.47B-1.63%-361.31x8.37x
WDAY$67.73B+2.09%48.59x8.38x
ROP$57.68B+1.38%38.82x3.24x
SNOW$55.16B+0.41%-64.72x10.65x

Cadence Design Systems Stock FAQ

What is Cadence Design Systems's quote symbol?

(NASDAQ: CDNS) Cadence Design Systems trades on the NASDAQ under the ticker symbol CDNS. Cadence Design Systems stock quotes can also be displayed as NASDAQ: CDNS.

If you're new to stock investing, here's how to buy Cadence Design Systems stock.

What is the 52 week high and low for Cadence Design Systems (NASDAQ: CDNS)?

(NASDAQ: CDNS) Cadence Design Systems's 52-week high was $327.36, and its 52-week low was $203.13. It is currently -11.74% from its 52-week high and 42.24% from its 52-week low.

How much is Cadence Design Systems stock worth today?

(NASDAQ: CDNS) Cadence Design Systems currently has 272,134,000 outstanding shares. With Cadence Design Systems stock trading at $288.93 per share, the total value of Cadence Design Systems stock (market capitalization) is $78.63B.

Cadence Design Systems stock was originally listed at a price of $24.50 in Dec 31, 1997. If you had invested in Cadence Design Systems stock at $24.50, your return over the last 26 years would have been 1,079.31%, for an annualized return of 9.96% (not including any dividends or dividend reinvestments).

How much is Cadence Design Systems's stock price per share?

(NASDAQ: CDNS) Cadence Design Systems stock price per share is $288.93 today (as of May 16, 2024).

What is Cadence Design Systems's Market Cap?

(NASDAQ: CDNS) Cadence Design Systems's market cap is $78.63B, as of May 18, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Cadence Design Systems's market cap is calculated by multiplying CDNS's current stock price of $288.93 by CDNS's total outstanding shares of 272,134,000.
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