Cadence Design Systems Inc
NASDAQ:CDNS

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Cadence Design Systems Inc
NASDAQ:CDNS
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Price: 301.24 USD -3.25% Market Closed
Market Cap: 82.6B USD
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Relative Value

The Relative Value of one CDNS stock under the Base Case scenario is 204.52 USD. Compared to the current market price of 301.24 USD, Cadence Design Systems Inc is Overvalued by 32%.

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
204.52 USD
Overvaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
9
vs Industry
5
Median 3Y
16.6
Median 5Y
14.7
Industry
2.5
Forward
17.5
vs History
6
vs Industry
8
Median 3Y
69.5
Median 5Y
62.4
Industry
23.6
Forward
49.9
vs History
3
vs Industry
10
Median 3Y
49
Median 5Y
42.6
Industry
17.7
vs History
87
vs Industry
10
Median 3Y
45
Median 5Y
42.6
Industry
21.9
vs History
36
vs Industry
3
Median 3Y
18.8
Median 5Y
16.7
Industry
3
vs History
9
vs Industry
5
Median 3Y
16.5
Median 5Y
14.5
Industry
2.5
Forward
17.4
vs History
6
vs Industry
9
Median 3Y
18.6
Median 5Y
16.3
Industry
5
vs History
9
vs Industry
8
Median 3Y
51.5
Median 5Y
46.5
Industry
13.1
Forward
38.1
vs History
7
vs Industry
8
Median 3Y
58
Median 5Y
55.6
Industry
16.9
Forward
41
vs History
3
vs Industry
9
Median 3Y
48.8
Median 5Y
42.1
Industry
16.7
vs History
3
vs Industry
8
Median 3Y
54.8
Median 5Y
46.6
Industry
19.6
vs History
44
vs Industry
4
Median 3Y
15
Median 5Y
14.2
Industry
2.6

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
82.6B USD 19 79.5 56.7 64.8
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Salesforce Inc
NYSE:CRM
322.4B USD 8.7 54.3 29.2 43.3
DE
SAP SE
XETRA:SAP
280.3B EUR 8.4 98.8 30.7 35.8
US
NCR Corp
LSE:0K45
198B USD 29 417.7 395.8 1 194.6
US
Adobe Inc
NASDAQ:ADBE
194.3B USD 9 34.9 23.9 24.6
US
Intuit Inc
NASDAQ:INTU
182B USD 11 62.4 39.8 48.2
US
Palantir Technologies Inc
NYSE:PLTR
162.3B USD 61.3 340.6 396.6 432
US
Applovin Corp
NASDAQ:APP
105B USD 24.5 91.3 54.7 70.3
US
Synopsys Inc
NASDAQ:SNPS
76B USD 12.5 50.7 43 50.2
US
Microstrategy Inc
NASDAQ:MSTR
70.9B USD 151.6 -174.2 -1 948.6 -1 332.5
P/S Multiple
Revenue Growth P/S to Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average P/S: 21 295.1
19
47%
0.4
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Salesforce Inc
NYSE:CRM
8.7
31%
0.3
DE
SAP SE
XETRA:SAP
8.4
37%
0.2
US
N
NCR Corp
LSE:0K45
29
-40%
N/A
US
Adobe Inc
NASDAQ:ADBE
9
40%
0.2
US
Intuit Inc
NASDAQ:INTU
11
45%
0.2
US
Palantir Technologies Inc
NYSE:PLTR
61.3
92%
0.7
US
Applovin Corp
NASDAQ:APP
24.5
104%
0.2
US
Synopsys Inc
NASDAQ:SNPS
12.5
37%
0.3
US
Microstrategy Inc
NASDAQ:MSTR
151.6
9%
16.7
P/E Multiple
Earnings Growth P/E to Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average P/E: 136.7
79.5
112%
0.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Salesforce Inc
NYSE:CRM
54.3
196%
0.3
DE
SAP SE
XETRA:SAP
98.8
41%
2.4
US
N
NCR Corp
LSE:0K45
417.7
N/A N/A
US
Adobe Inc
NASDAQ:ADBE
34.9
111%
0.3
US
Intuit Inc
NASDAQ:INTU
62.4
142%
0.4
US
Palantir Technologies Inc
NYSE:PLTR
340.6
532%
0.6
US
Applovin Corp
NASDAQ:APP
91.3
626%
0.1
US
Synopsys Inc
NASDAQ:SNPS
50.7
120%
0.4
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -174.2 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average EV/EBITDA: 118.9
56.7
102%
0.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Salesforce Inc
NYSE:CRM
29.2
90%
0.3
DE
SAP SE
XETRA:SAP
30.7
71%
0.4
US
N
NCR Corp
LSE:0K45
395.8
-29%
N/A
US
Adobe Inc
NASDAQ:ADBE
23.9
82%
0.3
US
Intuit Inc
NASDAQ:INTU
39.8
111%
0.4
US
Palantir Technologies Inc
NYSE:PLTR
396.6
1 004%
0.4
US
Applovin Corp
NASDAQ:APP
54.7
261%
0.2
US
Synopsys Inc
NASDAQ:SNPS
43
114%
0.4
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 948.6
479%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average EV/EBIT: 218.2
64.8
112%
0.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Salesforce Inc
NYSE:CRM
43.3
170%
0.3
DE
SAP SE
XETRA:SAP
35.8
86%
0.4
US
N
NCR Corp
LSE:0K45
1 194.6
120%
10
US
Adobe Inc
NASDAQ:ADBE
24.6
79%
0.3
US
Intuit Inc
NASDAQ:INTU
48.2
152%
0.3
US
Palantir Technologies Inc
NYSE:PLTR
432
1 184%
0.4
US
Applovin Corp
NASDAQ:APP
70.3
425%
0.2
US
Synopsys Inc
NASDAQ:SNPS
50.2
131%
0.4
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 332.5
14 172%
N/A

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