Cadence Design Systems, Inc. (CDNS): Price and Financial Metrics

CDNS POWR Grades

• Quality is the dimension where CDNS ranks best; there it ranks ahead of 98.95% of US stocks.
• CDNS's strongest trending metric is Momentum; it's been moving down over the last 51 weeks.
• CDNS's current lowest rank is in the Growth metric (where it is better than 22.55% of US stocks).

CDNS Stock Summary

• CDNS has a higher market value than 93.62% of US stocks; more precisely, its current market capitalization is $43,545,797,400.
• Price to trailing twelve month operating cash flow for CDNS is currently 46.78, higher than 89.98% of US stocks with positive operating cash flow.
• With a year-over-year growth in debt of -50.14%, Cadence Design Systems Inc's debt growth rate surpasses just 9.31% of about US stocks.
• Stocks with similar financial metrics, market capitalization, and price volatility to Cadence Design Systems Inc are SNPS, SGEN, EA, QRVO, and STM.
• Visit CDNS's SEC page to see the company's official filings. To visit the company's web site, go to www.cadence.com.

CDNS Valuation Summary

• CDNS's EV/EBIT ratio is 59.4; this is 84.19% higher than that of the median Technology stock.
• CDNS's price/sales ratio has moved up 12.2 over the prior 243 months.
• Over the past 243 months, CDNS's price/sales ratio has gone up 12.2.

Below are key valuation metrics over time for CDNS.

CDNS Growth Metrics

• The 5 year net cashflow from operations growth rate now stands at 96.66%.
• Its 3 year net income to common stockholders growth rate is now at 47.51%.
• The 3 year net cashflow from operations growth rate now stands at 52.52%.

CDNS's revenue has moved up $820,935,000 over the prior 33 months.

The table below shows CDNS's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-06-30	2,890.829	930.897	678.437
2021-03-31	2,800.962	895.645	653.825
2020-12-31	2,682.891	904.922	590.644
2020-09-30	2,522.537	928.696	1,076.581
2020-06-30	2,435.533	860.669	1,016.465
2020-03-31	2,377.534	761.905	992.412

CDNS's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• CDNS has a Quality Grade of A, ranking ahead of 99% of graded US stocks.
• CDNS's asset turnover comes in at 0.713 -- ranking 217th of 560 Business Services stocks.
• ANSS, ACM, and MTBC are the stocks whose asset turnover ratios are most correlated with CDNS.

The table below shows CDNS's key quality metrics over time.