CDNS logo
Cadence Design Systems Inc.
CDNS
349.88 (0.28%) 0.96
95.34(B)
Information Technology
Software
Cadence Design Systems Inc. provides software hardware and other services worldwide. The company offers functional verification services such as Jasper a formal verification platform; Xcelium a parallel logic simulation platform; Palladium an enterprise emulation platform; and Protium a prototyping platform for chip verification. It also provides digital IC design and sign off products including Genus synthesis and Joules RTL power solutions as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools such as place and route optimization and performing sign-off checks for manufacturing; and Innovus implementation system a digital IC design and signoff solution. In addition the company offers custom IC design and simulation such as Virtuoso Studio a solution platform for custom analog mixed-signal photonics and RF semiconductors; and system design and analysis products a Multiphysics platform that helps in design and simulate electronics and entire systems in electromagnetic thermal structure computational fluid dynamics molecular PCB and packaging mechanical and structural analysis. Further it provides semiconductor IP product for design architectures; Functional Verification; digital ic design and signoff; EDA product that addresses the design and verification for semiconductor chips and manufacturing process technologies; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally it offers services related to methodology education and hosted design solutions as well as technical support and maintenance services. It serves consumer hyperscale computing 5G communications mobile automotive aerospace and defense industrial and life science industries. Cadence Design Systems Inc. was incorporated in 1987 and is headquartered in San Jose California.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$95.34(B)
EV:$94.82(B)
Total Equity:$5.01(B)
Div. yield:0.00%
Earnings date:Oct-27-2025
P/E:94.05
P/E (fwd):50.49
P/FCF:60.12
P/S:18.69
P/B:19.05
EPS:$3.7
EPS (fwd):$6.9
FCF/share:$5.8
Dividend/share:$0.0
Book value/share:$18.4
ROIC:15.4%
ROA:12.1%
ROE:21.8%
Gross margin:85.6%
Net margin:19.9%

CDNS Valuation & Price Targets

Current Price
$350
Day change: +0.28%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A

More Valuation Methods

DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
Future P/E
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

68% overvalued
Low
$83
Mid
$111
High
$138
Current price
$350
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+16.86.97.120
FY+27.47.98.422
FY+37.89.19.712
FY+48.79.610.42
FY+59.510.711.92
EPS

Analyst Price Targets

11% undervalued
Low
$200
Mid
$390
High
$410
Current price
$350

Analyst Recommendations

Strong Buy4
Buy14
Hold4
Sell1
Strong Sell0

EPS Estimates

LowAvgHigh#
FY+16.86.97.120
FY+27.47.98.422
FY+37.89.19.712
FY+48.79.610.42
FY+59.510.711.92

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
Terminal Growth Rate
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$5.09(B)
Gross profit$4.35(B)
EBITDA$1.79(B)
Net income$1.01(B)
Gross margin85.6%
Operating margin30.7%
Net margin19.9%
Shares outstanding:272.49(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$9.51(B)
Current assets$4.22(B)
Total liabilities$4.50(B)
Current liabilities$1.50(B)
Cash & Short-term inv.$3.00(B)
Long-term debt$2.48(B)
Total intangibles$3.22(B)
PP&E$482.13(M)

Cash flow (TTM)

CFOCFICFF
FCF$1.59(B)
CapEx$-130.89(M)
Dividends paid$0
Stock issued$149.29(M)
Stock repurchased$-990.20(M)
Stock-based comp.$441.46(M)
Debt issued$2.50(B)
Debt repaid$-1.35(B)

Per share data (TTM)

Price: $350
Revenue: $18.7 (18.7x | 5.4%) Gross profit: $16.0 (21.9x | 4.6%) Earnings: $3.72 (94.1x | 1.1%)
FCF: $5.82 (60.1x | 1.7%) Stock-based Comp.: $1.62 (216.0x | 0.5%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $34.9 (10.0x | 10.0%) Total Liabilities: $16.5 (21.2x | 4.7%) Book Value: $18.4 (19.0x | 5.3%) Cash & ST inv.: $11.0 (31.8x | 3.1%) Debt: $9.09 (38.5x | 2.6%)

Growth Estimates

Revenue

CAGR: 11.3%
FY+1FY+2FY+3FY+4FY+5
FY+1$5.25(B)
FY+2(+12.0%)$5.88(B)
FY+3(+12.4%)$6.60(B)
FY+4(+10.0%)$7.27(B)
FY+5(+10.7%)$8.04(B)

Net Income

CAGR: 11.7%
FY+1FY+2FY+3FY+4FY+5
FY+1$1.89(B)
FY+2(+15.1%)$2.18(B)
FY+3(+13.9%)$2.48(B)
FY+4(+5.8%)$2.63(B)
FY+5(+12.2%)$2.95(B)

EPS

CAGR: 11.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$6.93
FY+2(+14.4%)$7.93
FY+3(+14.8%)$9.10
FY+4(+5.1%)$9.56
FY+5(+12.1%)$10.72

FCF per share

CAGR: 27.6%
FY+1FY+2FY+3
FY+1$6.33
FY+2(+30.2%)$8.24
FY+3(+25.0%)$10.30

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.01.0(B)2.0(B)3.0(B)4.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.0200.0(M)400.0(M)600.0(M)800.0(M)1.0(B)1.2(B)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.02.0(B)4.0(B)6.0(B)8.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.01.02.03.04.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.020.040.060.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%20%40%60%80%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%5%10%15%20%25%
ROIC ROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.050.0(M)100.0(M)150.0(M)200.0(M)250.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.020.0(B)40.0(B)60.0(B)80.0(B)
Market Cap.

KPIs

Revenue Segments As A Percent Of Revenue
12/20223/20236/20239/202312/20233/20246/20249/202412/20243/2025
Custom IC Design and Simulation IP Functional Verification System Design and Analysis Core Electronic Design Automation Digital IC Design and Signoff
Revenue By Geography
12/20223/20236/20239/202312/20233/20246/20249/202412/20243/2025
Americas EMEA Asia Japan

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.32%
Institutions: 92.26%
Other: 7.42%

Institutional ownership

10.97% Blackrock Inc.9.76% Vanguard Group Inc4.46% State Street Corporati...3.43% Jennison Associates LL...3.07% FMR, LLC2.34% Geode Capital Manageme...1.99% Alliancebernstein L.P.1.74% UBS AM, a distinct bus...1.68% Massachusetts Financia...1.57% JPMORGAN CHASE & CO51.25% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $67.03(M).

Congress members have bought between $151011 - $440000 worth of the company's stock, and sold between $153013 - $470000.

Insider transactions

2025-09

$0.00
$0.00

2025-08

$358720
$0.00

2025-07

$3.15(M)
$0.00

2025-06

$3.22(M)
$0.00

2025-05

$3.80(M)
$0.00

2025-04

$1.63(M)
$0.00

2025-03

$619836
$0.00

2025-02

$4.24(M)
$0.00

2025-01

$34.62(M)
$0.00

2024-12

$2.47(M)
$0.00

2024-11

$5.37(M)
$0.00

2024-10

$609815
$0.00

2024-09

$769319
$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-08-011,000358,720358.7CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-07-175,588771,256138.0TENG CHIN-CHIOfficer
Sell2025-07-179,0882,841,684312.7TENG CHIN-CHIOfficer
Sell2025-07-011,000306,350306.4CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-06-175,392768,360142.5TENG CHIN-CHIOfficer
Sell2025-06-178,8922,675,799300.9TENG CHIN-CHIOfficer
Sell2025-06-131,000302,000302.0CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-06-1211033,864307.9SOHN YOUNG KDirector
Sell2025-06-1018054,720304.0BRENNAN ITA MDirector
Sell2025-06-02650185,880286.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-05-16868277,715319.9PLUMMER JAMES DDirector
Grant2025-05-1510,59900.0TAXAY MARCGeneral Counsel
Grant2025-05-0877900.0LIUSON JULIADirector
Grant2025-05-0877900.0ADAMS MARK WDirector
Grant2025-05-0877900.0CHEW LEWISDirector
Grant2025-05-0877900.0BRENNAN ITA MDirector
Grant2025-05-0877900.0KRAKAUER MARY LOUISEDirector
Grant2025-05-0877900.0SANGIOVANNI VINCENTELLI ALBERTODirector
Grant2025-05-0877900.0SOHN YOUNG KDirector
Grant2025-05-0877900.0PLUMMER JAMES DDirector
Grant2025-05-0877900.0GAVRIELOV MOSHE NACHUMDirector
Grant2025-05-0286800.0ADAMS MARK WDirector
Grant2025-05-0286800.0PLUMMER JAMES DDirector
Sell2025-05-0210,7373,328,470310.0DEVGAN ANIRUDHChief Executive Officer
Sell2025-05-01650196,950303.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-04-294,7101,413,000300.0SCANNELL PAULOfficer
Sell2025-04-2418049,500275.0BRENNAN ITA MDirector
Sell2025-04-01650164,216252.6CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-03-171,850455,562246.2NISEWANER KARNAGeneral Counsel
Grant2025-03-1750,90600.0CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-03-1714,85000.0NISEWANER KARNAGeneral Counsel
Grant2025-03-1721,72000.0SCANNELL PAULOfficer
Grant2025-03-1756,84900.0WALL JOHN MChief Financial Officer
Grant2025-03-1750,90600.0TENG CHIN-CHIOfficer
Grant2025-03-17178,35800.0DEVGAN ANIRUDHChief Executive Officer
Grant2025-03-075,000690,100138.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-03-03650164,274252.7CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-02-18571169,073296.1NISEWANER KARNAGeneral Counsel
Grant2025-02-1012,760721,83356.6TENG CHIN-CHIOfficer
Sell2025-02-1012,7603,878,257303.9TENG CHIN-CHIOfficer
Sell2025-02-03650190,008292.3CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-01-0693,1515,269,55256.6DEVGAN ANIRUDHChief Executive Officer
Sell2025-01-0693,15128,876,810310.0DEVGAN ANIRUDHChief Executive Officer
Grant2025-01-0312,500707,12556.6TENG CHIN-CHIOfficer
Sell2025-01-0312,5003,748,180299.9TENG CHIN-CHIOfficer
Sell2025-01-02650198,146304.8CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-01-025,9201,799,928304.0DEVGAN ANIRUDHChief Executive Officer
Grant2024-12-3126700.0GAVRIELOV MOSHE NACHUMDirector
Sell2024-12-184,2241,305,343309.0WALL JOHN MChief Financial Officer
Grant2024-12-1380000.0ADAMS MARK WDirector
Sell2024-12-133,171969,628305.8SCANNELL PAULOfficer
Grant2024-12-0950000.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2024-12-02650199,024306.2CUNNINGHAM PAUL ALEXANDEROfficer
Grant2024-11-225,7581,168,529202.9TENG CHIN-CHIOfficer
Sell2024-11-225,7581,785,968310.2TENG CHIN-CHIOfficer
Grant2024-11-1510,000565,70056.6TENG CHIN-CHIOfficer
Sell2024-11-1510,0002,955,964295.6TENG CHIN-CHIOfficer
Sell2024-11-151,500447,675298.4SANGIOVANNI VINCENTELLI ALBERTODirector
Sell2024-11-01650179,400276.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2024-10-151,500425,490283.7SANGIOVANNI VINCENTELLI ALBERTODirector
Sell2024-10-08256,589263.6WALL JOHN MChief Financial Officer
Sell2024-10-01650177,736273.4CUNNINGHAM PAUL ALEXANDEROfficer
Sell2024-09-17659181,871276.0NISEWANER KARNAGeneral Counsel
Sell2024-09-171,500413,970276.0SANGIOVANNI VINCENTELLI ALBERTODirector
Grant2024-09-11164,236264.8DEVGAN ANIRUDHChief Executive Officer
Sell2024-09-03650173,478266.9CUNNINGHAM PAUL ALEXANDEROfficer
Grant2024-08-2810,0001,338,860133.9WALL JOHN MChief Financial Officer
Sell2024-08-2810,0002,659,072265.9WALL JOHN MChief Financial Officer
Sell2024-08-161,213339,021279.5NISEWANER KARNAGeneral Counsel
Grant2024-08-1510,000787,60078.8TENG CHIN-CHIOfficer
Sell2024-08-1510,0002,763,591276.4TENG CHIN-CHIOfficer
Sell2024-08-151,500414,360276.2SANGIOVANNI VINCENTELLI ALBERTODirector

Congressional trading

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$0.00
$0.00

2025-06

$107501
$16001

2025-05

$75001
$0.00

2025-04

$0.00
$40501

2025-03

$16001
$8001

2025-02

$24002
$0.00

2025-01

$8001
$0.00

2024-12

$0.00
$0.00

2024-11

$65001
$0.00

2024-10

$0.00
$0.00

2024-09

$0.00
$8001
DatePoliticianPartyChamberAmount ($)
Sell2025-06-27Michael T. McCaulRHouse$50,001 - $100,000
Buy2025-06-23Ro KhannaDHouse$1,001 - $15,000
Buy2025-06-20Ro KhannaDHouse$1,001 - $15,000
Sell2025-06-16Michael T. McCaulRHouse$15,001 - $50,000
Sell2025-05-12Jefferson ShreveRHouse$50,001 - $100,000
Buy2025-04-23Ro KhannaDHouse$1,001 - $15,000
Buy2025-04-09Ro KhannaDHouse$15,001 - $50,000
Sell2025-03-27Greg LandsmanDHouse$1,001 - $15,000
Buy2025-03-17Rob BresnahanRHouse$1,001 - $15,000
Sell2025-03-06Ro KhannaDHouse$1,001 - $15,000
Sell2025-02-26Gilbert Ray Cisneros, Jr.DHouse$1,001 - $15,000
Sell2025-02-25Ro KhannaDHouse$1,001 - $15,000
Sell2025-02-19Ro KhannaDHouse$1,001 - $15,000
Sell2025-01-13Rob BresnahanRHouse$1,001 - $15,000
Sell2024-11-19Michael T. McCaulRHouse$15,001 - $50,000
Sell2024-11-19Michael T. McCaulRHouse$15,001 - $50,000
Buy2024-09-09Ro KhannaDHouse$1,001 - $15,000
Buy2024-08-23Michael T. McCaulRHouse$1,001 - $15,000
Buy2024-08-09Michael T. McCaulRHouse$15,001 - $50,000
Buy2024-08-09Michael T. McCaulRHouse$15,001 - $50,000
Buy2024-08-08Michael T. McCaulRHouse$50,001 - $100,000
Buy2024-08-08Michael T. McCaulRHouse$50,001 - $100,000
Sell2024-08-05Ro KhannaDHouse$1,001 - $15,000
Sell2024-08-02Ro KhannaDHouse$1,001 - $15,000

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What is the Future Dividend Income Calculator?

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