Company Valuation: Cadence Design Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 38,055 51,645 44,066 74,102 82,405 81,513 81,513 -
Change - 35.71% -14.68% 68.16% 11.21% -1.08% 0% -
Enterprise Value (EV) 1 37,823 50,904 43,932 73,742 82,237 80,921 79,804 78,212
Change - 34.58% -13.7% 67.86% 11.52% -1.6% -1.38% -2%
P/E ratio 64.7x 74.5x 52x 71.3x 78x 77.8x 56.4x 48.3x
PBR 15.3x 19x 15.9x 21.8x 17.4x 15x 12.7x 10.2x
PEG - 4x 2.2x 3x 99.32x 2,218.74x 1.5x 2.9x
Capitalization / Revenue 14.2x 17.3x 12.4x 18.1x 17.8x 15.4x 13.7x 12.2x
EV / Revenue 14.1x 17x 12.3x 18x 17.7x 15.3x 13.4x 11.7x
EV / EBITDA 34.7x 40.8x 28x 40.6x 39x 32x 27.4x 23.2x
EV / EBIT 40.1x 46.1x 30.6x 44.1x 43x 34.6x 29.7x 25.5x
EV / FCF 46.7x 49.2x 39.3x 59.1x 73.6x 51.7x 42.2x 34.2x
FCF Yield 2.14% 2.03% 2.55% 1.69% 1.36% 1.93% 2.37% 2.93%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 2.11 2.5 3.09 3.82 3.85 3.851 5.308 6.198
Distribution rate - - - - - - - -
Net sales 1 2,683 2,988 3,562 4,090 4,641 5,281 5,942 6,674
EBITDA 1 1,090 1,246 1,568 1,817 2,110 2,526 2,914 3,365
EBIT 1 944.1 1,104 1,436 1,672 1,914 2,338 2,684 3,061
Net income 1 590.6 696 849 1,041 1,055 1,086 1,446 1,710
Net Debt 1 -231.6 -741.4 -134.2 -359.1 -167.8 -592 -1,709 -3,302
Reference price 2 136.43 186.35 160.64 272.37 300.46 299.46 299.46 299.46
Nbr of stocks (in thousands) 278,931 277,141 274,316 272,062 274,263 272,201 272,201 -
Announcement Date 2/22/21 2/22/22 2/13/23 2/12/24 2/18/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
77.75x15.32x32.03x-.--% 81.51B
23.32x8.92x14.79x0.9% 2,980B
229.78x69.59x140.27x-.--% 313B
159.09x9.5x20.77x-.--% 83.62B
219.38x69.45x218.29x - 68.4B
39.38x2.49x15.88x-.--% 63.19B
-38.16x4.94x19.81x-.--% 44.77B
-104.01x5.49x33.55x-.--% 35.86B
19.78x3.44x9.66x1.49% 27.76B
19.14x3.99x9.28x-.--% 27.42B
Average 64.55x 19.31x 51.43x 0.27% 372.58B
Weighted average by Cap. 46.77x 15.02x 29.77x 0.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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