With a market capitalization of $29,490,829,320, Cadence Design Systems Inc has a greater market value than 93.65% of US stocks.
CDNS's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 379.21 -- higher than 91.38% of US-listed equities with positive expected earnings growth.
The price/operating cash flow metric for Cadence Design Systems Inc is higher than 89.39% of stocks in our set with a positive cash flow.
Stocks that are quantitatively similar to CDNS, based on their financial statements, market capitalization, and price volatility, are SNPS, EA, MXIM, XLNX, and SGEN.
Cadence Design Systems develops, sells, leases, and licenses electronic design automation software, emulation and prototyping hardware, verification intellectual property, and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide. The company was founded in 1988 and is based in San Jose, California.
CDNS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Cadence Design Systems Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Cadence Design Systems Inc ranked in the 30th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for CDNS, they are:
The business' balance sheet suggests that 2% of the company's capital is sourced from debt; this is greater than merely 8.73% of the free cash flow producing stocks we're observing.
CDNS's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 49.17% of tickers in our DCF set.
As a business, Cadence Design Systems Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Technology), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CDNS, try ASML, IIVI, MLAB, BKI, and COHR.
DALLAS, Sept. 15, 2020 /PRNewswire/ -- Texas Instruments (TI) (Nasdaq: TXN) today announced a new custom version of the PSpice® simulator from Cadence Design Systems Inc. that enables engineers to simulate complex analog circuits with unlimited analysis of TI power and signal-chain…
The technology sector has been on a tear for most of the year. While everyone is familiar with the big names in tech, I’m focused on a company that has also performed well this year but is not a household name. Cadence Design Systems (CDNS) has seen its share price...
Huawei will stop making its Kirin Chipsets beginning next month, according to the Chinese financial magazine Caixin . What Happened: Amid mounting pressure from the U.S. government, the suppliers of Huawei’s HiSilicon Chip division have started to distance themselves from the company, the magazine said. Huawei relies heavily on U.S. companies like Cadence Design Systems (NASDAQ: CDNS ) and Synopsys Inc. (NASDAQ: SNPS ) to design its flagship chips. Under the current … Full story available on Benzinga.com