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Cadence Design Systems, Inc is a software—application business based in the US. Cadence Design Systems shares (CDNS) are listed on the NASDAQ and all prices are listed in US Dollars. Cadence Design Systems employs 8,100 staff and has a trailing 12-month revenue of around USD$2.4 billion.
|52-week range||USD$51.39 - USD$117.59|
|50-day moving average||USD$107.1563|
|200-day moving average||USD$89.9923|
|Wall St. target price||USD$110.68|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$3.636|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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Valuing Cadence Design Systems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cadence Design Systems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cadence Design Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Cadence Design Systems shares trade at around 27x recent earnings.
That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
Cadence Design Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.3543. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cadence Design Systems's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$663.1 million.
The EBITDA is a measure of a Cadence Design Systems's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.4 billion|
|Operating margin TTM||21.83%|
|Gross profit TTM||USD$2.1 billion|
|Return on assets TTM||10.05%|
|Return on equity TTM||55.14%|
|Market capitalisation||USD$28.5 billion|
TTM: trailing 12 months
There are currently 3.0 million Cadence Design Systems shares held short by investors – that's known as Cadence Design Systems's "short interest". This figure is 6.5% down from 3.2 million last month.
There are a few different ways that this level of interest in shorting Cadence Design Systems shares can be evaluated.
Cadence Design Systems's "short interest ratio" (SIR) is the quantity of Cadence Design Systems shares currently shorted divided by the average quantity of Cadence Design Systems shares traded daily (recently around 1.4 million). Cadence Design Systems's SIR currently stands at 2.21. In other words for every 100,000 Cadence Design Systems shares traded daily on the market, roughly 2210 shares are currently held short.
However Cadence Design Systems's short interest can also be evaluated against the total number of Cadence Design Systems shares, or, against the total number of tradable Cadence Design Systems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cadence Design Systems's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Cadence Design Systems shares in existence, roughly 10 shares are currently held short) or 0.0126% of the tradable shares (for every 100,000 tradable Cadence Design Systems shares, roughly 13 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cadence Design Systems.
Find out more about how you can short Cadence Design Systems stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Cadence Design Systems.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 13.67
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Cadence Design Systems's overall score of 13.67 (as at 08/01/2020) is excellent – landing it in it in the 12nd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Cadence Design Systems is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 1.84/100
Social score: 6.48/100
Governance score: 3.54/100
|Total ESG score||13.67|
|Total ESG percentile||11.76|
We're not expecting Cadence Design Systems to pay a dividend over the next 12 months.
Cadence Design Systems's shares were split on a 2:1 basis on 17 November 1997. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cadence Design Systems shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cadence Design Systems shares which in turn could have impacted Cadence Design Systems's share price.
Over the last 12 months, Cadence Design Systems's shares have ranged in value from as little as $51.39 up to $117.59. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cadence Design Systems's is 1.0764. This would suggest that Cadence Design Systems's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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 emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. 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 interconnect design 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 consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was founded in 1988 and is headquartered in San Jose, California.
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