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 99.48% of US stocks.
• CDNS's strongest trending metric is Quality; it's been moving up over the last 157 days.
• CDNS's current lowest rank is in the Growth metric (where it is better than 25.45% of US stocks).

CDNS Stock Summary

• CDNS has a higher market value than 93.94% of US stocks; more precisely, its current market capitalization is $44,827,556,750.
• CDNS's price/sales ratio is 15.07; that's higher than the P/S ratio of 89.87% of US stocks.
• With a year-over-year growth in debt of -50.13%, Cadence Design Systems Inc's debt growth rate surpasses just 9.28% of about US stocks.
• Stocks with similar financial metrics, market capitalization, and price volatility to Cadence Design Systems Inc are SNPS, EA, ATVI, DXCM, and VRTX.
• 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 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

Its 5 year cash and equivalents growth rate is now at 16.77%.
• Its 2 year price growth rate is now at 96.76%.
• Its year over year price growth rate is now at 85.29%.

CDNS's revenue has moved up $1,064,827,000 over the prior 49 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
2021-09-30	2,975.117	1,020.623	693.114
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

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.