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

CDNS POWR Grades

• CDNS scores best on the Quality dimension, with a Quality rank ahead of 98.62% of US stocks.
• CDNS's strongest trending metric is Stability; it's been moving down over the last 179 days.
• CDNS's current lowest rank is in the Momentum metric (where it is better than 14.92% of US stocks).

CDNS Stock Summary

• CDNS has a market capitalization of $45,248,424,200 -- more than approximately 95.02% of US stocks.
• With a price/earnings ratio of 57.63, CADENCE DESIGN SYSTEMS INC P/E ratio is greater than that of about 90.38% of stocks in our set with positive earnings.
• CDNS's price/sales ratio is 13.17; that's higher than the P/S ratio of 91.9% of US stocks.
• If you're looking for stocks that are quantitatively similar to CADENCE DESIGN SYSTEMS INC, a group of peers worth examining would be EA, SNPS, NXPI, LRCX, and BGNE.
• CDNS's SEC filings can be seen here. And to visit CADENCE DESIGN SYSTEMS INC's official web site, go to www.cadence.com.

CDNS Valuation Summary

• CDNS's price/sales ratio is 13.4; this is 482.61% higher than that of the median Technology stock.
• CDNS's price/sales ratio has moved up 10.6 over the prior 243 months.

Below are key valuation metrics over time for CDNS.

CDNS Growth Metrics

Its year over year cash and equivalents growth rate is now at 52.73%.
• Its 2 year net cashflow from operations growth rate is now at 61.32%.
• Its 4 year revenue growth rate is now at 30.92%.

Over the past 33 months, CDNS's revenue has gone up $1,098,558,000.

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
2022-09-30	3,434.877	1,194.116	785.139
2022-06-30	3,283.218	1,173.289	775.141
2022-03-31	3,153.982	1,229.124	744.121
2021-12-31	2,988.244	1,100.958	695.955
2021-09-30	2,975.117	1,020.623	693.114
2021-06-30	2,890.829	930.897	678.437

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 99.34% of graded US stocks.
• CDNS's asset turnover comes in at 0.731 -- ranking 213th of 561 Business Services stocks.
• CTK, SSNT, and ACM are the stocks whose asset turnover ratios are most correlated with CDNS.

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