| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
ADSK Stock 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$186.80 |
| 52 Week High | US$335.48 |
| 52 Week Low | US$163.20 |
| Beta | 1.53 |
| 1 Month Change | -5.98% |
| 3 Month Change | 7.44% |
| 1 Year Change | -34.24% |
| 3 Year Change | 27.17% |
| 5 Year Change | 59.71% |
| Change since IPO | 3,612.80% |
Recent News & Updates
Autodesk: Building A Strong Reality Towards 2026 Targets
Summary Autodesk continues to post a solid top-line figure and growing margin thanks to its disciplined approach in today’s inflationary environment. It has a growing FCF and EPS outlook from the management. While pursuing relevant acquisitions, Autodesk makes its product portfolio more suitable for today’s digitalization and sustainable earth. The company enjoys a share buyback catalyst, mitigating some risk in potential dilution due to increasing share-based compensation. It remains liquid, boasts a strong customer base, and trading at a reasonable discount makes this stock a good buy in today’s weakness. Autodesk, Inc. (ADSK) has a better portfolio now and is well positioned in today’s digitalization. It has numerous catalysts that may boost demand, such as the growing global construction market and trends in the sustainable world. Continuing to provide strong profitability makes this drop a good opportunity to buy ADSK. Overview Autodesk is a worldwide leader in CAD software, providing productive solutions in architecture, engineering, and construction. It provides services for the manufacturing, design and entertainment industries, making it well positioned in today's digitalization. The company has been investing in improving its portfolio to ensure that it provides its customers with more efficient services and enhances its competitive advantage in the targeted low-carbon future environment. In fact, ADSK has been shopping companies, enhancing services in each of its focused industries. This year, the company acquired Extended Reality for undisclosed terms, supporting its AEC industry to improve real-time collaboration and help design and build greener cities and cars. On top of this, it also acquired Prodsmart, improving its manufacturing portfolio by enabling manufacturers to achieve connected factories and shop floors. ADSK is one of the few companies that has successfully transitioned to 100% renewable energy to power up its business operation. According to the management, they have an unmatched end-to-end water infrastructure solution. And our position now with Innovyze, we already have the sort of construction bit to the chain. We had the design bid with our existing design bids. And what Innovyze does is gives us the planning phase, the sort of pre design phase. And then it also, through their digital twin, gives us the operations and maintenance space. So, we're the only operator now that has end-to-end workflows in water and infrastructure. Source: Citi 2022 Global Technology Transcript Due to its market-leading portfolio, it is unsurprising to see a positive catalyst in the following quarterly reports. ADSK aspires for dominance in the Middle Eastern electricity and water utility sector. If this effort turns positive, this will provide an outstanding opportunity for ADSK and may translate to continued growth in its remaining performance obligation. Strong Customer Base Despite the slowing economy, ADSK showed resilience this Q2 and boasted a strong top line amounting to $1,177 million, up from $1,014 million, with a double-digit growth rate of 16.07% YoY. According to the management, they saw strong renewal rates and maintained a strong net revenue retention rate between 100% and 110%. This implies a continued strong customer base, contributing to the company’s growing total RPO of $4.69 billion, up 13% YoY. Strong Margin ADSK is still in the process of optimizing its operating facilities worldwide, and as part of this strategy, it incurred impairment and accelerated depreciation charges amounting to $103.7 million in FY22. The management expects approximately $25 million additional this FY23. In fact, this is one of the reasons why we can see some disruption in the company’s operating margin trend. ADSK: GAAP Operating Margin Trend (Source: Company Filings. Prepared by InvestOhTrader) During FY22, ADSK recorded a GAAP operating margin of 14%, down from 17% in FY21. Despite the supply chain and inflationary issues today, the management provided a reassuring GAAP operating margin of approximately 20% in FY23. This implies an effective cost-efficiency strategy making this stock attractive in today’s weakness. Strong Workforce, But One of Autodesk's assets is its employees, and despite the great resignation trend during the pandemic, it maintained a growing employee base of 12,600. According to Glassdoor, ADSK is ranked among the top 25 best workplaces. However, this leads to growing stock-based compensation expenses, which may pose a concern if the company experiences a demand slowdown. ADSK: 5-year Operating Margin Trend (Source: Company Filings. Prepared by InvestOhTrader) On the other hand, strong buyback catalysts reduced the risk of potential dilution for now, especially in the first half of 2023, when they repurchased 3.5 million of their own shares. Looking at the strong guidance from management, we can assume that they will have enough liquidity to continue acquiring companies and use their remaining 5 million shares authorization in FY23, with GAAP EPS expected to grow to $3.4 to 3.59 in FY23, up from $2.24 in FY22. Additionally, FCF is expected to grow to $2,000 million to $2,080 million in FY23, up from $1,464.8 million in FY22. Fairly Valued ADSK: Relative Valuation (Source: Data from SeekingAlpha.com. Prepared by InvestOhTrader) PTC Inc. (NASDAQ:PTC), Workday, Inc. (NASDAQ:WDAY), Cadence Design Systems, Inc. (NASDAQ:CDNS), Synopsys, Inc. (NASDAQ:SNPS), Adobe Inc. (NASDAQ:ADBE) ADSK is currently trading fairly against its peer group median. As of this writing, it is trading at a trailing Non-GAAP P/E of 31.61x, not much discount compared to its peer group median of 33.13x. ADSK was formerly valued at an extremely high multiple of 74.22x Non-GAAP P/E 5-year average,
Is Autodesk, Inc. (NASDAQ:ADSK) Trading At A 39% Discount?
Today we will run through one way of estimating the intrinsic value of Autodesk, Inc. ( NASDAQ:ADSK ) by estimating the...
Autodesk names chief marketing officer
Autodesk (NASDAQ:ADSK) appoints Dara Treseder as CMO, effective on October 14, 2022. Treseder will join the company from Peloton Interactive, where she serves as SVP and global head of marketing, communications and membership. As CMO, she will be responsible for Autodesk's marketing strategy globally, and oversee the company's worldwide marketing, brand & communications, global demand generation, and education business teams.
Shareholder Returns
| ADSK | US Software | US Market | |
|---|---|---|---|
| 7D | 1.2% | -1.3% | -2.5% |
| 1Y | -34.2% | -33.3% | -23.2% |
Return vs Industry: ADSK underperformed the US Software industry which returned -33.2% over the past year.
Return vs Market: ADSK underperformed the US Market which returned -23.2% over the past year.
Price Volatility
| ADSK volatility | |
|---|---|
| ADSK Average Weekly Movement | 5.1% |
| Software Industry Average Movement | 8.7% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.8% |
Stable Share Price: ADSK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ADSK's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 12,600 | 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 ShotGrid, a cloud-based software for review and production tracking in the media and entertainment industry.
Autodesk Fundamentals Summary
| ADSK fundamental statistics | |
|---|---|
| Market Cap | US$40.32b |
| Earnings (TTM) | US$558.00m |
| Revenue (TTM) | US$4.74b |
72.3x
P/E Ratio8.5x
P/S RatioIs ADSK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ADSK income statement (TTM) | |
|---|---|
| Revenue | US$4.74b |
| Cost of Revenue | US$398.00m |
| Gross Profit | US$4.35b |
| Other Expenses | US$3.79b |
| Earnings | US$558.00m |
Last Reported Earnings
Jul 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.59 |
| Gross Margin | 91.61% |
| Net Profit Margin | 11.76% |
| Debt/Equity Ratio | 355.3% |
How did ADSK perform over the long term?
See historical performance and comparisonValuation
Is ADSK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ADSK?
Other financial metrics that can be useful for relative valuation.
| What is ADSK's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$40.32b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 8.8x |
| Enterprise Value/EBITDA | 42.2x |
| PEG Ratio | 3.1x |
Price to Earnings Ratio vs Peers
How does ADSK's PE Ratio compare to its peers?
| ADSK PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 57x | ||
NEM Nemetschek | 35.3x | 13.1% | €5.7b |
ANSS ANSYS | 42.1x | 14.5% | US$19.3b |
DSY Dassault Systèmes | 58.3x | 17.7% | €47.0b |
BSY Bentley Systems | 92.4x | 22.0% | US$9.5b |
ADSK Autodesk | 72.3x | 23.4% | US$40.3b |
Price-To-Earnings vs Peers: ADSK is expensive based on its Price-To-Earnings Ratio (72.3x) compared to the peer average (57x).
Price to Earnings Ratio vs Industry
How does ADSK's PE Ratio compare vs other companies in the US Software Industry?
Price-To-Earnings vs Industry: ADSK is expensive based on its Price-To-Earnings Ratio (72.3x) compared to the US Software industry average (39.2x)
Price to Earnings Ratio vs Fair Ratio
What is ADSK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 72.3x |
| Fair PE Ratio | 42.6x |
Price-To-Earnings vs Fair Ratio: ADSK is expensive based on its Price-To-Earnings Ratio (72.3x) compared to the estimated Fair Price-To-Earnings Ratio (42.6x).
Share Price vs Fair Value
What is the Fair Price of ADSK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ADSK ($186.8) is trading below our estimate of fair value ($300.97)
Significantly Below Fair Value: ADSK is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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Future Growth
How is Autodesk forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
23.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADSK's forecast earnings growth (23.4% per year) is above the savings rate (1.9%).
Earnings vs Market: ADSK's earnings (23.4% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: ADSK's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ADSK's revenue (11.8% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: ADSK's revenue (11.8% 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 (90.3%).
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Past Performance
How has Autodesk performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
65.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADSK has high quality earnings.
Growing Profit Margin: ADSK's current net profit margins (11.8%) are lower than last year (32.5%).
Past Earnings Growth Analysis
Earnings Trend: ADSK has become profitable over the past 5 years, growing earnings by 65.9% per year.
Accelerating Growth: ADSK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ADSK had negative earnings growth (-57.6%) over the past year, making it difficult to compare to the Software industry average (13.4%).
Return on Equity
High ROE: Whilst ADSK's Return on Equity (75.41%) is outstanding, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is Autodesk's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: ADSK's short term assets ($2.3B) do not cover its short term liabilities ($3.6B).
Long Term Liabilities: ADSK's short term assets ($2.3B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: ADSK's net debt to equity ratio (149.2%) is considered high.
Reducing Debt: ADSK's debt to equity ratio has reduced from 506% to 355.3% over the past 5 years.
Debt Coverage: ADSK's debt is well covered by operating cash flow (64.1%).
Interest Coverage: ADSK's interest payments on its debt are well covered by EBIT (10x coverage).
Balance Sheet
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Dividend
What is Autodesk current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
| Autodesk Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (Autodesk) | n/a |
| Market Bottom 25% (US) | 1.7% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Software) | 1.1% |
| Analyst forecast in 3 Years (Autodesk) | 0% |
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ADSK has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Andrew Anagnost (57 yo)
5.33yrs
Tenure
US$22,095,521
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
| Andrew Anagnost's Compensation vs Autodesk Earnings |
|---|
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Jul 31 2022 | n/a | n/a | US$558m |
| Apr 30 2022 | n/a | n/a | US$487m |
| Jan 31 2022 | US$22m | US$1m | US$497m |
| Oct 31 2021 | n/a | n/a | US$1b |
| Jul 31 2021 | n/a | n/a | US$1b |
| Apr 30 2021 | n/a | n/a | US$1b |
| Jan 31 2021 | US$16m | US$976k | US$1b |
| Oct 31 2020 | n/a | n/a | US$429m |
| Jul 31 2020 | n/a | n/a | US$363m |
| Apr 30 2020 | n/a | n/a | US$305m |
| Jan 31 2020 | US$12m | US$904k | US$215m |
| Oct 31 2019 | n/a | n/a | US$147m |
| Jul 31 2019 | n/a | n/a | US$57m |
| Apr 30 2019 | n/a | n/a | -US$23m |
| Jan 31 2019 | US$9m | US$820k | -US$81m |
| Oct 31 2018 | n/a | n/a | -US$319m |
| Jul 31 2018 | n/a | n/a | -US$415m |
| Apr 30 2018 | n/a | n/a | -US$520m |
| Jan 31 2018 | US$12m | US$660k | -US$567m |
| Oct 31 2017 | n/a | n/a | -US$567m |
| Jul 31 2017 | n/a | n/a | -US$590m |
| Apr 30 2017 | n/a | n/a | -US$544m |
| Jan 31 2017 | US$5m | US$423k | -US$582m |
| Oct 31 2016 | n/a | n/a | -US$446m |
| Jul 31 2016 | n/a | n/a | -US$347m |
| Apr 30 2016 | n/a | n/a | -US$517m |
| Jan 31 2016 | US$3m | US$417k | -US$330m |
Compensation vs Market: Andrew's total compensation ($USD22.10M) is above average for companies of similar size in the US market ($USD13.04M).
Compensation vs Earnings: Andrew's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: ADSK's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: ADSK's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Date | Value | Name | Entity | Role | Shares | Max Price |
|---|---|---|---|---|---|---|
| 31 May 22 | SellUS$334,244 | Rebecca Pearce | Individual | 1,608 | US$207.91 | |
| 03 Dec 21 | SellUS$1,210,619 | Andrew Anagnost | Individual | 4,724 | US$256.27 |
Ownership Breakdown
| Owner Type | Number of Shares | Ownership Percentage |
|---|---|---|
| Private Companies | 675 | 0.0003% |
| State or Government | 95,920 | 0.04% |
| Individual Insiders | 301,027 | 0.1% |
| General Public | 18,162,849 | 8.4% |
| Institutions | 197,298,577 | 91.4% |
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
| Ownership | Name | Shares | Current Value | Change % | Portfolio % | |
|---|---|---|---|---|---|---|
| 17,971,443 | $3.4b | 0.15% | 0.08% | |||
| 15,876,505 | $3.0b | -4.75% | 0.08% | |||
| 8,424,406 | $1.6b | -3.02% | 0.09% | |||
| 8,422,013 | $1.6b | -2.64% | 4.35% | |||
| 7,532,876 | $1.4b | -9.44% | 2.66% | |||
| 5,551,963 | $1.0b | -4.11% | 1.87% | |||
| 5,351,912 | $999.7m | 0% | 0.14% | |||
| 5,282,642 | $986.8m | 0% | 2.24% | |||
| 4,698,611 | $877.7m | 0.2% | 0.08% | |||
| 4,589,779 | $857.4m | 22.81% | 1.47% | |||
| 3,766,946 | $703.7m | 1.55% | 0.09% | |||
| 3,745,281 | $699.6m | 15.51% | 0.3% | |||
| 3,677,972 | $687.0m | 0.05% | 0.05% | |||
| 3,239,354 | $605.1m | -1.23% | 0.43% | |||
| 3,220,063 | $601.5m | 13.45% | 0.17% | |||
| 3,160,042 | $590.3m | -1.71% | 0.56% | |||
| 3,100,560 | $579.2m | 2.71% | 4.27% | |||
| 2,769,150 | $517.3m | -2.33% | 0.11% | |||
| 2,487,079 | $464.6m | -19.42% | 0.12% | |||
| 2,227,803 | $416.2m | -13.31% | 0.38% | |||
| 1,991,302 | $372.0m | 14.1% | 0.2% | |||
| 1,847,156 | $345.0m | -30.33% | 0.11% | |||
| 1,799,916 | $336.2m | 26.48% | 0.11% | |||
| 1,712,413 | $319.9m | -11.46% | 0.06% | |||
| 1,707,943 | $319.0m | 1.66% | 0.07% |
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
- Implied Market Cap: US$40.322b
- Shares outstanding: 215.86m
- Website: https://www.autodesk.com
Number of Employees
Location
- Autodesk, Inc.
- 111 McInnis Parkway
- San Rafael
- California
- 94903
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ADSK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1985 |
| AUD | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jun 1985 |
| AUD | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1985 |
| ADSK * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jun 1985 |
| ADSK | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jun 1985 |
| 0HJF | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 1985 |
| AUD | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jun 1985 |
| A1UT34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 4 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/02 00:00 |
| End of Day Share Price | 2022/09/30 00:00 |
| Earnings | 2022/07/31 |
| Annual Earnings | 2022/01/31 |
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.