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 99.53% of US stocks.
• The strongest trend for CDNS is in Quality, which has been heading up over the past 177 days.
• CDNS ranks lowest in Value; there it ranks in the 14th percentile.

CDNS Stock Summary

• CDNS has a higher market value than 96.94% of US stocks; more precisely, its current market capitalization is $71,160,536,720.
• CDNS's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 650.12 -- higher than 95.58% of US-listed equities with positive expected earnings growth.
• With a price/sales ratio of 18.15, CADENCE DESIGN SYSTEMS INC has a higher such ratio than 94.73% of stocks in our set.
• Stocks with similar financial metrics, market capitalization, and price volatility to CADENCE DESIGN SYSTEMS INC are ANET, REGN, NXPI, EA, and LRCX.
• 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 57.9; this is 206.35% higher than that of the median Technology stock.
• Over the past 243 months, CDNS's price/earnings ratio has gone down 20.6.

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%.
• The 5 year net cashflow from operations growth rate now stands at 67.78%.
• The 2 year price growth rate now stands at 94.12%.

CDNS's revenue has moved up $586,601,000 over the prior 15 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
2022-12-31	3,561.718	1,241.894	848.952
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

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.