CDNS:NGS-Cadence Design Systems Inc. (USD)

EQUITY | Software - Application | Nasdaq Global Select

Last Closing

USD 249.63

Change

-11.18 (-4.29)%

Market Cap

USD 7.68B

Volume

4.74M

Analyst Target

USD 110.68
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Cadence Design Systems Inc develops system design enablement solutions. The Company's solution is uses to design whole electronics systems and increasingly small and complex integrated circuits, or ICs, and electronic devices.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-08-02 )

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TEAM Atlassian Corp Plc

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APP Applovin Corp

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ANSS ANSYS Inc

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MSTR MicroStrategy Incorporated

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ETFs Containing CDNS

DXUS:CA Dynamic Active U.S. Equit.. 4.90 % 0.00 %

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BELT BlackRock Long-Term U.S. .. 4.75 % 0.00 %

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MID American Century Mid Cap .. 4.42 % 0.00 %

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USD 0.07B
GIQU:CA Guardian i3 US Quality Gr.. 4.08 % 0.00 %

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CAD 2.74M
GIQU-B:CA Guardian i3 US Quality Gr.. 4.08 % 0.00 %

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CAD 8.42M
PTF Invesco DWA Technology Mo.. 3.85 % 0.60 %

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USD 0.42B
FFOG 3.48 % 0.00 %

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ACLE:XETRA AXA IM ACT Climate Equity.. 2.85 % 0.00 %

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ACLT:XETRA AXA IM ACT Climate Equity.. 2.85 % 0.00 %

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ACLE:F AXA IM ACT Climate Equity.. 2.35 % 0.00 %

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ACLT:F AXA IM ACT Climate Equity.. 2.35 % 0.00 %

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GTEK Goldman Sachs Future Tech.. 2.34 % 0.00 %

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USD 0.18B
AMOM QRAFT AI-Enhanced U.S. La.. 2.23 % 0.00 %

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USD 0.03B
SUBS 2.13 % 0.00 %

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POWA Invesco Bloomberg Pricing.. 2.12 % 0.00 %

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IGV 0.00 % 0.46 %

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JKH 0.00 % 0.30 %

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PDP Invesco DWA Momentum ETF 0.00 % 0.62 %

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USD 1.22B
CLRG 0.00 % 0.25 %

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MIDF 0.00 % 0.00 %

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XCHA:LSE Xtrackers CSI300 Swap UCI.. 0.00 % 0.00 %

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WTI2:XETRA WisdomTree Artificial Int.. 0.00 % 0.00 %

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USD 0.90B
IMCG iShares Morningstar Mid-C.. 0.00 % 0.00 %

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WTI2:F WisdomTree Artificial Int.. 0.00 % 0.00 %

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USD 0.90B
WTAI:SW WisdomTree Artificial Int.. 0.00 % 0.00 %

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USD 0.83B

Market Performance

  Market Performance vs. Industry/Classification (Software - Application) Market Performance vs. Exchange (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -8.35% 56% F 41% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -8.35% 56% F 40% F
Trailing 12 Months  
Capital Gain 9.01% 71% C- 71% C-
Dividend Return N/A N/A N/A N/A N/A
Total Return 9.01% 71% C- 66% D+
Trailing 5 Years  
Capital Gain 250.26% 92% A 93% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 250.26% 92% A 93% A
Average Annual (5 Year Horizon)  
Capital Gain 41.32% 89% A- 89% A-
Dividend Return 41.32% 89% A- 89% A-
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 27.89% 85% B 65% D
Risk Adjusted Return 148.17% 100% F 100% F
Market Capitalization 7.68B 99% N/A 99% N/A

Key Financial Ratios

  Ratio vs. Industry/Classification (Software - Application) Ratio vs. Market (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 32.40 20% 14%
Price/Book Ratio 24.49 8% 4%
Price / Cash Flow Ratio 56.53 14% 5%
Price/Free Cash Flow Ratio 56.70 9% 4%
Management Effectiveness  
Return on Equity 32.17% 91% 95%
Return on Invested Capital 27.39% 88% 91%
Return on Assets 13.86% 96% 98%
Debt to Equity Ratio 8.81% 61% 73%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

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:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is 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.

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 equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

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.

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 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 compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

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.