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Cadence Design Systems, Inc. (CDNS)

NASDAQ Stock Market Technology Software - ApplicationView data quality →
55.2Fair

ValueMarkers Composite Index

Top 54%#20,660 of 44,714
Overvalued

59% above intrinsic value ($178)

UndervaluedFair ValueOvervalued
Piotroski
7/9
Strong
Beneish
-2.29
Low Risk
Altman
11.34
Safe
DCF Value
$178
Overvalued
ROIC
14.1%
Adequate
P/E
70.4
Growth
Updated: ·Source: Data sourced from SEC filings and institutional providers. Not financial advice.·Report data issue

Cadence Design Systems, Inc. (CDNS) — VMCI valuation read

CDNS screens at VMCI 55/100, a 5-point gap above the Technology sector median (50). For a mid-cap Cadence Design Systems, Inc. share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.

CDNS has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: CDNS trades at 16.0x earnings, 11% below the Technology median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Technology group. Quality: ROIC of 12.0% sits 2.0pp above the Technology median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 0.3x leaves covenant headroom, which sets the rate-cycle exposure for Cadence Design Systems, Inc..

CDNS rose 0.9% over the trailing 7 days, with a +2.3% read on a 30-day basis.

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and 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. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

CEO: Anirudh Devgan12,837 employeesUSwww.cadence.com

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