Cadence Design Systems Inc
NASDAQ:CDNS

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Cadence Design Systems Inc
NASDAQ:CDNS
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Price: 289.71 USD -4.4% Market Closed
Market Cap: 79.5B USD
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Relative Value

The Relative Value of one CDNS stock under the Base Case scenario is 204.4 USD. Compared to the current market price of 289.71 USD, Cadence Design Systems Inc is Overvalued by 29%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CDNS Relative Value
Base Case
204.4 USD
Overvaluation 29%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
7
vs Industry
5
Median 3Y
16.3
Median 5Y
14.7
Industry
2.4
Forward
16.8
vs History
4
vs Industry
8
Median 3Y
69.5
Median 5Y
61.8
Industry
23.1
Forward
48
vs History
1
vs Industry
10
Median 3Y
48.9
Median 5Y
42
Industry
16.9
vs History
87
vs Industry
10
Median 3Y
45.1
Median 5Y
42.6
Industry
21.5
vs History
34
vs Industry
3
Median 3Y
18.8
Median 5Y
16.6
Industry
2.9
vs History
6
vs Industry
5
Median 3Y
16.2
Median 5Y
14.5
Industry
2.4
Forward
16.7
vs History
4
vs Industry
9
Median 3Y
18.1
Median 5Y
16.3
Industry
4.8
vs History
7
vs Industry
8
Median 3Y
51.4
Median 5Y
46.1
Industry
12.9
Forward
36.7
vs History
6
vs Industry
8
Median 3Y
57.9
Median 5Y
54.8
Industry
16.7
Forward
39.6
vs History
1
vs Industry
9
Median 3Y
48.7
Median 5Y
41.9
Industry
15.7
vs History
1
vs Industry
8
Median 3Y
53.7
Median 5Y
46
Industry
18.7
vs History
41
vs Industry
4
Median 3Y
15
Median 5Y
14.1
Industry
2.5

Multiples Across Competitors

CDNS Competitors Multiples
Cadence Design Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.5B USD 18.2 76.5 54.6 62.3
US
Salesforce Inc
NYSE:CRM
311.6B USD 8.5 55.3 29.1 44.2
DE
SAP SE
XETRA:SAP
253.5B EUR 7.8 95.6 29.3 34.5
US
Adobe Inc
NASDAQ:ADBE
226B USD 10.8 42.2 26.5 29.5
US
Intuit Inc
NASDAQ:INTU
192.8B USD 11.8 65.1 41.8 50.4
US
NCR Corp
LSE:0K45
182B USD 26.6 384 363.9 1 098.2
US
Palantir Technologies Inc
NYSE:PLTR
149.3B USD 56.4 313.2 363.9 396.3
US
Applovin Corp
NASDAQ:APP
97.7B USD 22.8 84.9 50.9 65.5
US
Synopsys Inc
NASDAQ:SNPS
80B USD 13.1 53.4 45.3 52.9
US
Workday Inc
NASDAQ:WDAY
69B USD 8.8 44.8 101.6 189.2
US
Microstrategy Inc
NASDAQ:MSTR
69B USD 147.7 -169.7 -1 901.3 -1 300.1
EV/EBIT Multiple
EBIT Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average EV/EBIT: 202.3
62.3
115%
US
Salesforce Inc
NYSE:CRM
44.2
170%
DE
SAP SE
XETRA:SAP
34.5
84%
US
Adobe Inc
NASDAQ:ADBE
29.5
81%
US
Intuit Inc
NASDAQ:INTU
50.4
143%
US
N
NCR Corp
LSE:0K45
1 098.2
121%
US
Palantir Technologies Inc
NYSE:PLTR
396.3
1 135%
US
Applovin Corp
NASDAQ:APP
65.5
292%
US
Synopsys Inc
NASDAQ:SNPS
52.9
129%
US
Workday Inc
NASDAQ:WDAY
189.2
1 721%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 300.1
14 172%

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