CDNS:NGS-Cadence Design Systems Inc.

EQUITY | Application Software | Nasdaq Global Select

Last Closing

USD 61.24

Change

+0.18 (+0.29)%

Market Cap

USD 7.68B

Volume

2.38M

Analyst Target

USD 51.90
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Cadence Design Systems Inc develops system design enablement solutions. The Company's solution is uses to design whole electronics systems and increasingly small and complex integrated circuits, or ICs, and electronic devices.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2019-03-19 )

Largest Industry Peers for Application Software

ETFs Containing CDNS

EMEH:PA BNP Paribas Easy Energy &.. 7.32 % 0.00 %

+0.05 (+0%)

USD 0.05B
GSCU:PA BNP Paribas Easy Energy &.. 7.32 % 0.00 %

+0.05 (+0%)

USD 0.10B
EMEH:F BNP Paribas Easy Energy &.. 7.32 % 0.00 %

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GSDE:F BNP Paribas Easy Energy &.. 7.32 % 0.00 %

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USD 0.26B
EMEH:XETRA BNP Paribas Easy Energy &.. 7.32 % 0.00 %

+0.02 (+0%)

USD 0.11B
GSDE:XETRA BNP Paribas Easy Energy &.. 7.32 % 0.00 %

+0.01 (+0%)

USD 0.47B
EMEH:SW BNP Paribas Easy Energy &.. 6.65 % 0.00 %

+0.01 (+0%)

USD 0.05B
GSCE:SW BNP Paribas Easy Energy &.. 6.65 % 0.00 %

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USD 0.25B
GSCU:SW BNP Paribas Easy Energy &.. 6.65 % 0.00 %

+0.10 (+0%)

USD 0.10B
DXUS:CA Dynamic Active U.S. Equit.. 5.17 % 0.00 %

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CAD 0.02B
XY7D:XETRA Global X S&P 500® Covere.. 4.41 % 0.00 %

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FFOG 4.22 % 0.00 %

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SEMI Columbia Seligman Semicon.. 3.78 % 0.00 %

-0.58 (0%)

USD 0.04B
OCEN IndexIQ ETF Trust - IQ Cl.. 3.14 % 0.00 %

+0.06 (+0%)

USD 5.02M
ACLE:XETRA AXA IM ACT Climate Equity.. 3.02 % 0.00 %

-0.11 (0%)

USD 0.43B
ACLT:XETRA AXA IM ACT Climate Equity.. 3.02 % 0.00 %

-0.13 (0%)

USD 0.43B
ACLE:F AXA IM ACT Climate Equity.. 3.02 % 0.00 %

-0.04 (0%)

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ACLT:F AXA IM ACT Climate Equity.. 3.02 % 0.00 %

-0.05 (0%)

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INNO Harbor Disruptive Innovat.. 2.70 % 0.00 %

-0.20 (0%)

USD 0.09B
GTEK Goldman Sachs Future Tech.. 2.50 % 0.00 %

-0.15 (0%)

USD 0.17B
SUBS 2.13 % 0.00 %

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JKH 0.00 % 0.30 %

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PDP Invesco DWA Momentum ETF 0.00 % 0.62 %

-0.99 (0%)

USD 1.28B
PTF Invesco DWA Technology Mo.. 0.00 % 0.60 %

-1.28 (0%)

USD 0.38B
QQEW First Trust NASDAQ-100 Eq.. 0.00 % 0.60 %

-1.17 (0%)

USD 2.19B
QTEC First Trust NASDAQ-100-Te.. 0.00 % 0.57 %

-3.54 (0%)

USD 4.03B
CLRG 0.00 % 0.25 %

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ROBT First Trust Nasdaq Artifi.. 0.00 % 0.65 %

-0.35 (0%)

USD 0.54B
QTUM Defiance Quantum 0.00 % 0.65 %

-1.05 (0%)

USD 0.24B
MIDF 0.00 % 0.00 %

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XCHA:LSE Xtrackers CSI300 Swap UCI.. 0.00 % 0.00 %

+0.24 (+0%)

USD 1.12B
FINO:CA Franklin Innovation Fund .. 0.00 % 0.00 %

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CAD 6.46M
GIQU:CA Guardian i3 US Quality Gr.. 0.00 % 0.00 %

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CAD 8.34M
WTI2:XETRA WisdomTree Artificial Int.. 0.00 % 0.00 %

-0.33 (0%)

USD 0.90B
MID S&P Midcap 400 0.00 % 0.00 %

-0.31 (0%)

USD 0.07B
GIQU-B:CA Guardian i3 US Quality Gr.. 0.00 % 0.00 %

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CAD 8.34M
IMCG iShares Morningstar Mid-C.. 0.00 % 0.00 %

-0.59 (0%)

N/A
QQQA ProShares Nasdaq-100 Dors.. 0.00 % 0.00 %

-0.45 (0%)

USD 0.01B
WTI2:F WisdomTree Artificial Int.. 0.00 % 0.00 %

-0.81 (0%)

USD 0.81B
WTAI:SW WisdomTree Artificial Int.. 0.00 % 0.00 %

+0.57 (+0%)

USD 0.88B

Market Performance

  Market Performance vs. Industry/Classification (Application Software) Market Performance vs. Exchange (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 40.85% 81% B- 86% B+
Dividend Return N/A N/A N/A N/A F
Total Return 40.85% 81% B- 86% B+
Trailing 12 Months  
Capital Gain 60.19% 83% B 93% A
Dividend Return N/A N/A N/A N/A F
Total Return 60.19% 82% B 93% A
Trailing 5 Years  
Capital Gain 291.56% 95% A 96% N/A
Dividend Return N/A N/A N/A N/A F
Total Return 291.56% 94% A 95% A
Average Annual (5 Year Horizon)  
Capital Gain 27.84% 71% C- 85% B
Dividend Return 27.84% 71% C- 85% B
Total Return N/A N/A N/A N/A F
Risk Return Profile  
Volatility (Standard Deviation) 17.66% 86% B+ 69% C-
Risk Adjusted Return 157.62% 97% N/A 98% N/A
Market Capitalization 7.68B 94% A 96% N/A

Key Financial Ratios

  Ratio vs. Industry/Classification (Application Software) Ratio vs. Market (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 32.40 20% 8%
Price/Book Ratio 13.64 20% 7%
Price / Cash Flow Ratio 7.14 38% 12%
Price/Free Cash Flow Ratio 31.90 36% 14%
Management Effectiveness  
Return on Equity 28.37% 88% 89%
Return on Invested Capital 26.04% 89% 90%
Return on Assets 14.18% 91% 92%
Debt to Equity Ratio 44.00% 42% 50%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector