Cadence Design Systems Inc
NASDAQ:CDNS

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Cadence Design Systems Inc
NASDAQ:CDNS
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Price: 318.43 USD -1.48% Market Closed
Market Cap: 86.7B USD

Relative Value

The Relative Value of one CDNS stock under the Base Case scenario is 218.05 USD. Compared to the current market price of 318.43 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
218.05 USD
Overvaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
39
vs Industry
6
Median 3Y
17.2
Median 5Y
16.2
Industry
2.4
Forward
16.1
vs History
9
vs Industry
9
Median 3Y
74.1
Median 5Y
69.5
Industry
22.5
Forward
44.3
vs History
34
vs Industry
9
Median 3Y
54.9
Median 5Y
48.9
Industry
16.2
vs History
15
vs Industry
25
Median 3Y
45.7
Median 5Y
46.9
Industry
20.8
vs History
61
vs Industry
6
Median 3Y
18.8
Median 5Y
17.4
Industry
3
vs History
39
vs Industry
7
Median 3Y
17.2
Median 5Y
16
Industry
2.4
Forward
16.1
vs History
30
vs Industry
12
Median 3Y
19.4
Median 5Y
18
Industry
4.9
vs History
60
vs Industry
11
Median 3Y
51.4
Median 5Y
49
Industry
12.3
Forward
34.4
vs History
68
vs Industry
10
Median 3Y
57.9
Median 5Y
56.4
Industry
15.8
Forward
36.3
vs History
34
vs Industry
10
Median 3Y
54.6
Median 5Y
48.7
Industry
14.8
vs History
34
vs Industry
8
Median 3Y
60
Median 5Y
53
Industry
17.4
vs History
65
vs Industry
7
Median 3Y
14.8
Median 5Y
14.6
Industry
2.4

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
86.8B USD 16.6 81.8 46.4 52.6
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Palantir Technologies Inc
NYSE:PLTR
434.7B USD 111.6 396.9 489 504.1
DE
SAP SE
XETRA:SAP
240.1B EUR 6.6 33.9 20.8 23.6
US
Salesforce Inc
NYSE:CRM
239.8B USD 5.9 33.2 19.3 26.7
US
Applovin Corp
NASDAQ:APP
228.6B USD 41.4 80.8 64 69.6
US
Intuit Inc
NASDAQ:INTU
182.3B USD 9.4 44.3 30.6 35.4
US
Adobe Inc
NASDAQ:ADBE
149B USD 6.3 20.9 15.6 17.1
US
NCR Corp
LSE:0K45
130.8B USD 49.4 -2 144.9 371.9 1 088.1
US
Synopsys Inc
NASDAQ:SNPS
84.3B USD 13.1 42.2 67.1 87
US
Autodesk Inc
NASDAQ:ADSK
62.4B USD 9.1 56.2 34.1 38.1
P/S Multiple
Revenue Growth P/S to Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average P/S: 21 289.1
16.6
14%
1.2
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
111.6
46%
2.4
DE
SAP SE
XETRA:SAP
6.6
11%
0.6
US
Salesforce Inc
NYSE:CRM
5.9
9%
0.7
US
Applovin Corp
NASDAQ:APP
41.4
28%
1.5
US
Intuit Inc
NASDAQ:INTU
9.4
13%
0.7
US
Adobe Inc
NASDAQ:ADBE
6.3
9%
0.7
US
N
NCR Corp
LSE:0K45
49.4
-8%
N/A
US
Synopsys Inc
NASDAQ:SNPS
13.1
21%
0.6
US
Autodesk Inc
NASDAQ:ADSK
9.1
13%
0.7
P/E Multiple
Earnings Growth PEG
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average P/E: 87.8
81.8
35%
2.3
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
396.9
94%
4.2
DE
SAP SE
XETRA:SAP
33.9
48%
0.7
US
Salesforce Inc
NYSE:CRM
33.2
31%
1.1
US
Applovin Corp
NASDAQ:APP
80.8
61%
1.3
US
Intuit Inc
NASDAQ:INTU
44.3
31%
1.4
US
Adobe Inc
NASDAQ:ADBE
20.9
19%
1.1
US
N
NCR Corp
LSE:0K45
Negative Multiple: -2 144.9
-49%
N/A
US
Synopsys Inc
NASDAQ:SNPS
42.2
13%
3.2
US
Autodesk Inc
NASDAQ:ADSK
56.2
37%
1.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average EV/EBITDA: 115.9
46.4
27%
1.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
489
137%
3.6
DE
SAP SE
XETRA:SAP
20.8
18%
1.2
US
Salesforce Inc
NYSE:CRM
19.3
24%
0.8
US
Applovin Corp
NASDAQ:APP
64
52%
1.2
US
Intuit Inc
NASDAQ:INTU
30.6
27%
1.1
US
Adobe Inc
NASDAQ:ADBE
15.6
16%
1
US
N
NCR Corp
LSE:0K45
371.9
16%
23.2
US
Synopsys Inc
NASDAQ:SNPS
67.1
44%
1.5
US
Autodesk Inc
NASDAQ:ADSK
34.1
32%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Cadence Design Systems Inc
NASDAQ:CDNS
Average EV/EBIT: 194.2
52.6
30%
1.8
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
504.1
141%
3.6
DE
SAP SE
XETRA:SAP
23.6
21%
1.1
US
Salesforce Inc
NYSE:CRM
26.7
33%
0.8
US
Applovin Corp
NASDAQ:APP
69.6
57%
1.2
US
Intuit Inc
NASDAQ:INTU
35.4
32%
1.1
US
Adobe Inc
NASDAQ:ADBE
17.1
19%
0.9
US
N
NCR Corp
LSE:0K45
1 088.1
70%
15.5
US
Synopsys Inc
NASDAQ:SNPS
87
49%
1.8
US
Autodesk Inc
NASDAQ:ADSK
38.1
35%
1.1