cadence design systems inc. - CDNS
CDNS
Close Chg Chg %
306.51 5.36 1.75%
Closed Market
311.87
+5.36 (1.75%)
Volume: 1.37M
Last Updated:
Nov 22, 2024, 4:00 PM EDT
Company Overview: cadence design systems inc. - CDNS
CDNS Key Data
| Open $308.70 | Day Range 307.02 - 313.36 |
| 52 Week Range 241.29 - 328.99 | Market Cap $84.06B |
| Shares Outstanding 274.26M | Public Float 271.96M |
| Beta 1.02 | Rev. Per Employee N/A |
| P/E Ratio 80.61 | EPS $3.84 |
| Yield 0.00% | Dividend N/A |
| EX-DIVIDEND DATE | SHORT INTEREST N/A |
| AVERAGE VOLUME 2.08M |
CDNS Performance
| 1 Week | 7.65% | ||
| 1 Month | 21.21% | ||
| 3 Months | 13.86% | ||
| 1 Year | 15.25% | ||
| 5 Years | 364.13% |
CDNS Analyst Ratings
- Sell
- Under
- Hold
- Over
- Buy
Number of Ratings
21
Full Ratings ➔
About cadence design systems inc. - CDNS
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. It operates through the following geographical segments: Americas, Asia, EMEA, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
CDNS At a Glance
Cadence Design Systems, Inc.
Building 5
San Jose, California 95134
| Phone | 1-408-943-1234 | Revenue | 4.09B | |
| Industry | Packaged Software | Net Income | 1.04B | |
| Sector | Technology Services | 2023 Sales Growth | 14.832% | |
| Fiscal Year-end | 12 / 2024 | Employees | 11,200 | |
| View SEC Filings |
CDNS Valuation
| P/E Current | 80.605 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 71.353 |
| Price to Sales Ratio | 18.164 |
| Price to Book Ratio | 21.739 |
| Price to Cash Flow Ratio | 55.062 |
| Enterprise Value to EBITDA | 52.276 |
| Enterprise Value to Sales | 18.082 |
| Total Debt to Enterprise Value | 0.011 |
CDNS Efficiency
| Revenue/Employee | 365,177.321 |
| Income Per Employee | 92,959.286 |
| Receivables Turnover | 8.071 |
| Total Asset Turnover | 0.757 |
CDNS Liquidity
| Current Ratio | 1.242 |
| Quick Ratio | 1.128 |
| Cash Ratio | 0.716 |
CDNS Profitability
| Gross Margin | 88.919 |
| Operating Margin | 31.158 |
| Pretax Margin | 31.343 |
| Net Margin | 25.456 |
| Return on Assets | 19.269 |
| Return on Equity | 33.862 |
| Return on Total Capital | 24.728 |
| Return on Invested Capital | 28.323 |
CDNS Capital Structure
| Total Debt to Total Equity | 23.677 |
| Total Debt to Total Capital | 19.144 |
| Total Debt to Total Assets | 14.217 |
| Long-Term Debt to Equity | 12.194 |
| Long-Term Debt to Total Capital | 9.86 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for Cadence Design Systems Inc. - CDNS
Collapse All in section
| All values USD millions. | 2020 | 2021 | 2022 | 2023 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| 2.68B | 2.99B | 3.56B | 4.09B | |
Sales Growth
| +14.83% | +11.38% | +19.19% | +14.83% | |
Cost of Goods Sold (COGS) incl D&A
| 323.51M | 326.65M | 390.09M | 453.20M | |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| 145.65M | 142.31M | 132.09M | 140.37M | |
Depreciation
| 81.46M | 75.09M | 72.27M | 78.40M | |
Amortization of Intangibles
| 64.19M | 67.22M | 59.82M | 61.97M | |
COGS Growth
| +16.17% | +0.97% | +19.42% | +16.18% | |
Gross Income
| 2.36B | 2.66B | 3.17B | 3.64B | |
Gross Income Growth
| +14.65% | +12.81% | +19.16% | +14.67% | |
Gross Profit Margin
| +87.94% | +89.07% | +89.05% | +88.92% |
| 2020 | 2021 | 2022 | 2023 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 1.70B | 1.88B | 2.10B | 2.36B | |
Research & Development
| 1.03B | 1.13B | 1.25B | 1.44B | |
Other SG&A
| 668.49M | 749.28M | 846.34M | 920.65M | |
SGA Growth
| +9.30% | +10.65% | +11.38% | +12.61% | |
Other Operating Expense
| - | - | - | - | - |
Unusual Expense
| 11.62M | (1.05M) | 55.00K | 12.26M | |
EBIT after Unusual Expense
| 645.55M | 779.09M | 1.07B | 1.26B | |
Non Operating Income/Expense
| 7.95M | 6.33M | (5.39M) | 56.03M | |
Non-Operating Interest Income
| 3.82M | 2.63M | 10.10M | 29.64M | |
Equity in Earnings of Affiliates
| - | - | - | 34.60M | - |
Interest Expense
| 20.75M | 16.98M | 22.93M | 36.19M | |
Interest Expense Growth
| +10.20% | -18.16% | +35.06% | +57.78% | |
Gross Interest Expense
| 20.75M | 16.98M | 22.93M | 36.19M | |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| 632.75M | 768.43M | 1.05B | 1.28B | |
Pretax Income Growth
| +32.11% | +21.44% | +36.04% | +22.63% | |
Pretax Margin
| +23.58% | +25.72% | +29.35% | +31.34% | |
Income Tax
| 42.10M | 72.48M | 196.41M | 240.78M | |
Income Tax - Current - Domestic
| 21.48M | 45.20M | 219.66M | 172.43M | |
Income Tax - Current - Foreign
| 46.74M | 70.45M | 84.36M | 104.87M | |
Income Tax - Deferred - Domestic
| (35.34M) | (46.82M) | (129.81M) | (62.41M) | |
Income Tax - Deferred - Foreign
| 9.22M | 3.64M | 22.20M | 25.90M | |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | - | 34.60M | - |
Other After Tax Income (Expense)
| - | - | - | - | - |
Consolidated Net Income
| 590.64M | 695.96M | 848.95M | 1.04B | |
Minority Interest Expense
| - | - | - | - | - |
Net Income
| 590.64M | 695.96M | 848.95M | 1.04B | |
Net Income Growth
| -40.28% | +17.83% | +21.98% | +22.64% | |
Net Margin Growth
| +22.02% | +23.29% | +23.84% | +25.46% | |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| 590.64M | 695.96M | 848.95M | 1.04B | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| 590.64M | 695.96M | 848.95M | 1.04B | |
EPS (Basic)
| 2.1578 | 2.5446 | 3.1304 | 3.865 | |
EPS (Basic) Growth
| -40.38% | +17.93% | +23.02% | +23.47% | |
Basic Shares Outstanding
| 273.73M | 273.50M | 271.20M | 269.38M | |
EPS (Diluted)
| 2.1122 | 2.4957 | 3.087 | 3.8172 | |
EPS (Diluted) Growth
| -40.09% | +18.16% | +23.69% | +23.65% | |
Diluted Shares Outstanding
| 279.64M | 278.86M | 275.01M | 272.75M | |
EBITDA
| 802.82M | 920.35M | 1.21B | 1.41B | |
EBITDA Growth
| +28.82% | +14.64% | +31.02% | +17.32% | |
EBITDA Margin
| +29.92% | +30.80% | +33.86% | +34.59% |
Snapshot
| Average Recommendation | OVERWEIGHT | Average Target Price | 316.00 | |
| Number of Ratings | 21 | Current Quarters Estimate | 1.819 | |
| FY Report Date | 12 / 2024 | Current Year's Estimate | 5.923 | |
| Last Quarter’s Earnings | 1.64 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 5.15 | Next Fiscal Year Estimate | 6.843 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 14 | 13 | 17 | 17 |
| Mean Estimate | 1.82 | 1.58 | 5.92 | 6.84 |
| High Estimates | 1.86 | 1.70 | 6.04 | 7.16 |
| Low Estimate | 1.80 | 1.40 | 5.90 | 6.47 |
| Coefficient of Variance | 0.93 | 5.36 | 0.58 | 2.57 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 13 | 12 | 11 |
| OVERWEIGHT | 2 | 2 | 1 |
| HOLD | 5 | 4 | 4 |
| UNDERWEIGHT | 0 | 0 | 1 |
| SELL | 1 | 1 | 0 |
| MEAN | Overweight | Overweight | Overweight |
SEC Filings for Cadence Design Systems Inc. - CDNS
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for Cadence Design Systems Inc. - CDNS
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Oct 4, 2024 | Paul Cunningham Sr. Vice President | 61,761 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $273.44 per share | 16,887,927.84 |
| Aug 20, 2024 | Karna Nisewaner SVP & General Counsel | 17,617 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $279.49 per share | 4,923,775.33 |
| Aug 20, 2024 | Alberto Luigi Sangiovanni-Vincentelli Director | 45,051 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $276.24 per share | 12,444,888.24 |
| Aug 20, 2024 | Chin Chi Teng Sr. Vice President | 9,910 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Aug 20, 2024 | Karna Nisewaner SVP & General Counsel | 18,830 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $280.12 per share | 5,274,659.60 |
| Aug 20, 2024 | Paul Scannell Sr. Vice President | 17,953 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $280.12 per share | 5,028,994.36 |
| Aug 20, 2024 | Chin Chi Teng Sr. Vice President | 105,408 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $78.76 per share | 8,301,934.08 |
| Aug 20, 2024 | Chin Chi Teng Sr. Vice President | 95,408 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $277.27 per share | 26,453,776.16 |
| Aug 20, 2024 | Chin Chi Teng Sr. Vice President | 96,701 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $276.45 per share | 26,732,991.45 |
| Aug 20, 2024 | Chin Chi Teng Sr. Vice President | 103,291 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $275.52 per share | 28,458,736.32 |
| Jul 3, 2024 | Chin Chi Teng Sr. Vice President | 19,910 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Jun 21, 2024 | John M. Wall Sr. VP & CFO | 38,654 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $322.08 per share | 12,449,680.32 |
| Jun 11, 2024 | Chin Chi Teng Sr. Vice President | 11,200 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Jun 11, 2024 | Chin Chi Teng Sr. Vice President | 29,910 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Jun 11, 2024 | Chin Chi Teng Sr. Vice President | 5,988 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Jun 11, 2024 | Chin Chi Teng Sr. Vice President | 95,408 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $298.11 per share | 28,442,078.88 |
| Jun 11, 2024 | Chin Chi Teng Sr. Vice President | 188 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| May 7, 2024 | Mary Louise Krakauer Director | 3,500 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| May 7, 2024 | Young K. Sohn Director | 13,941 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| May 7, 2024 | James D. Plummer Director | 2,406 | Bona fide gift | 0.00 |