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ADSK

AutodeskNasdaqGS:ADSK Stock Report

Market Cap

US$64.8b

7D

2.3%

1Y

29.4%

Updated

25 Sep, 2021

Data

Company Financials +
ADSK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance5/6
Financial Health2/6
Dividends0/6

ADSK Overview

Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide.

Autodesk Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Autodesk
Historical stock prices
Current Share PriceUS$294.67
52 Week HighUS$223.51
52 Week LowUS$344.39
Beta1.32
1 Month Change-5.00%
3 Month Change2.05%
1 Year Change29.35%
3 Year Change88.76%
5 Year Change307.40%
Change since IPO5,756.80%

Recent News & Updates

Sep 25
Here's Why We Think Autodesk (NASDAQ:ADSK) Is Well Worth Watching

Here's Why We Think Autodesk (NASDAQ:ADSK) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Sep 16

Autodesk Stock: Don't Be Fooled By Non-GAAP Earnings

Autodesk is a CAD/CAE software leader with attractive economics and growth. The company has been transitioning to a SaaS business model successfully and is succeeding in converting many non-compliant users into paying users thanks to this new business model. We find the valuation too high, especially when considering that non-GAAP earnings ignore massive dilution due to stock grants.

Sep 11
Autodesk (NASDAQ:ADSK) is Making Stable Profits, and Even More Cash Flows

Autodesk (NASDAQ:ADSK) is Making Stable Profits, and Even More Cash Flows

Autodesk, Inc. (NASDAQ:ADSK) shareholders have seen the share price descend 13% over the month. But over five years, returns have been remarkably great. In that time, the share price has soared some 321% higher! What we are going to analyze is whether the business can improve itself sustainably, thus justifying a higher price. We are going to review the fundamentals and see what can they tell us on the company's valuation.

Shareholder Returns

ADSKUS SoftwareUS Market
7D2.3%0.5%0.1%
1Y29.4%38.7%35.3%

Return vs Industry: ADSK underperformed the US Software industry which returned 38.7% over the past year.

Return vs Market: ADSK underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is ADSK's price volatile compared to industry and market?
ADSK volatility
ADSK Beta1.32
Industry Beta0.95
Market Beta1

Stable Share Price: ADSK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ADSK's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198211,500Andrew Anagnosthttps://www.autodesk.com

Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries. It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and streamline internal/external collaboration; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and Shotgun, a cloud-based software for review and production tracking in the media and entertainment industry.

Autodesk Fundamentals Summary

How do Autodesk's earnings and revenue compare to its market cap?
ADSK fundamental statistics
Market CapUS$64.78b
Earnings (TTM)US$1.31b
Revenue (TTM)US$4.04b

49.3x

P/E Ratio

16.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADSK income statement (TTM)
RevenueUS$4.04b
Cost of RevenueUS$331.80m
Gross ProfitUS$3.71b
ExpensesUS$2.39b
EarningsUS$1.31b

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.98
Gross Margin91.79%
Net Profit Margin32.54%
Debt/Equity Ratio123.4%

How did ADSK perform over the long term?

See historical performance and comparison

Valuation

Is Autodesk undervalued compared to its fair value and its price relative to the market?

0.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADSK ($294.67) is trading below our estimate of fair value ($295.07)

Significantly Below Fair Value: ADSK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ADSK is good value based on its PE Ratio (49.3x) compared to the US Software industry average (59.8x).

PE vs Market: ADSK is poor value based on its PE Ratio (49.3x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: ADSK is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: ADSK is overvalued based on its PB Ratio (48.8x) compared to the US Software industry average (7.9x).


Future Growth

How is Autodesk forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

25.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADSK's forecast earnings growth (25.8% per year) is above the savings rate (2%).

Earnings vs Market: ADSK's earnings (25.8% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ADSK's revenue (14.3% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: ADSK's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADSK's Return on Equity is forecast to be very high in 3 years time (47.7%).


Past Performance

How has Autodesk performed over the past 5 years?

73.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADSK has high quality earnings.

Growing Profit Margin: ADSK's current net profit margins (32.5%) are higher than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: ADSK has become profitable over the past 5 years, growing earnings by 73.8% per year.

Accelerating Growth: ADSK's earnings growth over the past year (262%) exceeds its 5-year average (73.8% per year).

Earnings vs Industry: ADSK earnings growth over the past year (262%) exceeded the Software industry 22.1%.


Return on Equity

High ROE: Whilst ADSK's Return on Equity (99.01%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Autodesk's financial position?


Financial Position Analysis

Short Term Liabilities: ADSK's short term assets ($1.5B) do not cover its short term liabilities ($3.1B).

Long Term Liabilities: ADSK's short term assets ($1.5B) do not cover its long term liabilities ($3.0B).


Debt to Equity History and Analysis

Debt Level: ADSK's debt to equity ratio (123.4%) is considered high.

Reducing Debt: ADSK's debt to equity ratio has increased from 112.1% to 123.4% over the past 5 years.

Debt Coverage: ADSK's debt is well covered by operating cash flow (95%).

Interest Coverage: ADSK's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet


Dividend

What is Autodesk current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ADSK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ADSK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ADSK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADSK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ADSK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Andrew Anagnost (56 yo)

4.25yrs

Tenure

US$15,756,363

Compensation

Dr. Andrew Anagnost has been Chief Executive Officer and President at Autodesk, Inc. since June 19, 2017. He served as an Interim Chief Financial Officer at Autodesk, Inc. since January 19, 2021 until Marc...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD15.76M) is above average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ADSK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ADSK's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ADSK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Autodesk, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Autodesk, Inc.
  • Ticker: ADSK
  • Exchange: NasdaqGS
  • Founded: 1982
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$64.783b
  • Shares outstanding: 219.85m
  • Website: https://www.autodesk.com

Number of Employees


Location

  • Autodesk, Inc.
  • 111 McInnis Parkway
  • San Rafael
  • California
  • 94903
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:02
End of Day Share Price2021/09/24 00:00
Earnings2021/07/31
Annual Earnings2021/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.