| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
ADSK Overview
Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide.
Autodesk Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$294.67 |
| 52 Week High | US$223.51 |
| 52 Week Low | US$344.39 |
| Beta | 1.32 |
| 1 Month Change | -5.00% |
| 3 Month Change | 2.05% |
| 1 Year Change | 29.35% |
| 3 Year Change | 88.76% |
| 5 Year Change | 307.40% |
| Change since IPO | 5,756.80% |
Recent News & Updates
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...
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.
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
| ADSK | US Software | US Market | |
|---|---|---|---|
| 7D | 2.3% | 0.5% | 0.1% |
| 1Y | 29.4% | 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
| ADSK volatility | |
|---|---|
| ADSK Beta | 1.32 |
| Industry Beta | 0.95 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 11,500 | Andrew Anagnost | https://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
| ADSK fundamental statistics | |
|---|---|
| Market Cap | US$64.78b |
| Earnings (TTM) | US$1.31b |
| Revenue (TTM) | US$4.04b |
49.3x
P/E Ratio16.0x
P/S RatioIs ADSK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ADSK income statement (TTM) | |
|---|---|
| Revenue | US$4.04b |
| Cost of Revenue | US$331.80m |
| Gross Profit | US$3.71b |
| Expenses | US$2.39b |
| Earnings | US$1.31b |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.98 |
| Gross Margin | 91.79% |
| Net Profit Margin | 32.54% |
| Debt/Equity Ratio | 123.4% |
How did ADSK perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/25 22:02 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/07/31 |
| Annual Earnings | 2021/01/31 |
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.