AUTODESK INC (ADSK) Stock Fundamental Analysis
NASDAQ:ADSK - Nasdaq - US0527691069 - Common Stock - Currency: USD
Overall ADSK gets a fundamental rating of 6 out of 10. We evaluated ADSK against 283 industry peers in the Software industry. While ADSK has a great profitability rating, there are some minor concerns on its financial health. ADSK is growing strongly while it is still valued neutral. This is a good combination! This makes ADSK very considerable for growth investing!
1. Profitability
1.1 Basic Checks
ADSK had positive earnings in the past year.
In the past year ADSK had a positive cash flow from operations.
In the past 5 years ADSK has always been profitable.
ADSK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 10.26%, ADSK belongs to the best of the industry, outperforming 85.87% of the companies in the same industry.
Looking at the Return On Equity, with a value of 42.43%, ADSK belongs to the top of the industry, outperforming 93.64% of the companies in the same industry.
ADSK has a better Return On Invested Capital (19.29%) than 93.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ADSK is above the industry average of 12.21%.
The 3 year average ROIC (16.69%) for ADSK is below the current ROIC(19.29%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.26% | ||
| ROE | 42.43% | ||
| ROIC | 19.29% |
ROA(3y)9.38%
ROA(5y)10.1%
ROE(3y)54.38%
ROE(5y)69.36%
ROIC(3y)16.69%
ROIC(5y)14.67%
1.3 Margins
The Profit Margin of ADSK (18.14%) is better than 83.75% of its industry peers.
ADSK's Profit Margin has improved in the last couple of years.
ADSK has a better Operating Margin (22.33%) than 89.75% of its industry peers.
In the last couple of years the Operating Margin of ADSK has grown nicely.
ADSK has a Gross Margin of 90.57%. This is amongst the best in the industry. ADSK outperforms 98.23% of its industry peers.
ADSK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.33% | ||
| PM (TTM) | 18.14% | ||
| GM | 90.57% |
OM growth 3Y16.62%
OM growth 5Y16.31%
PM growth 3Y16.98%
PM growth 5Y22.59%
GM growth 3Y0.04%
GM growth 5Y0.11%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ADSK is still creating some value.
Compared to 1 year ago, ADSK has about the same amount of shares outstanding.
The number of shares outstanding for ADSK has been reduced compared to 5 years ago.
ADSK has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.23 indicates that ADSK is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 5.23, ADSK is doing good in the industry, outperforming 70.32% of the companies in the same industry.
The Debt to FCF ratio of ADSK is 1.52, which is an excellent value as it means it would take ADSK, only 1.52 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ADSK (1.52) is better than 69.26% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that ADSK is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.76, ADSK is doing worse than 71.38% of the companies in the same industry.
Although ADSK does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 1.52 | ||
| Altman-Z | 5.23 |
ROIC/WACC1.78
WACC10.82%
2.3 Liquidity
ADSK has a Current Ratio of 0.68. This is a bad value and indicates that ADSK is not financially healthy enough and could expect problems in meeting its short term obligations.
ADSK has a Current ratio of 0.68. This is amonst the worse of the industry: ADSK underperforms 86.93% of its industry peers.
A Quick Ratio of 0.68 indicates that ADSK may have some problems paying its short term obligations.
ADSK's Quick ratio of 0.68 is on the low side compared to the rest of the industry. ADSK is outperformed by 86.93% of its industry peers.
ADSK does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.29% over the past year.
Measured over the past years, ADSK shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.81% on average per year.
The Revenue has grown by 11.53% in the past year. This is quite good.
The Revenue has been growing by 13.37% on average over the past years. This is quite good.
EPS 1Y (TTM)11.29%
EPS 3Y18.7%
EPS 5Y24.81%
EPS Q2Q%9.57%
Revenue 1Y (TTM)11.53%
Revenue growth 3Y11.81%
Revenue growth 5Y13.37%
Sales Q2Q%11.57%
3.2 Future
The Earnings Per Share is expected to grow by 14.06% on average over the next years. This is quite good.
Based on estimates for the next years, ADSK will show a quite strong growth in Revenue. The Revenue will grow by 11.03% on average per year.
EPS Next Y14.43%
EPS Next 2Y14.42%
EPS Next 3Y14.32%
EPS Next 5Y14.06%
Revenue Next Year13.08%
Revenue Next 2Y12.11%
Revenue Next 3Y11.34%
Revenue Next 5Y11.03%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 34.89, the valuation of ADSK can be described as expensive.
ADSK's Price/Earnings ratio is a bit cheaper when compared to the industry. ADSK is cheaper than 66.78% of the companies in the same industry.
When comparing the Price/Earnings ratio of ADSK to the average of the S&P500 Index (26.60), we can say ADSK is valued slightly more expensively.
A Price/Forward Earnings ratio of 30.49 indicates a quite expensive valuation of ADSK.
64.66% of the companies in the same industry are more expensive than ADSK, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.43. ADSK is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.89 | ||
| Fwd PE | 30.49 |
4.2 Price Multiples
69.61% of the companies in the same industry are more expensive than ADSK, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ADSK indicates a somewhat cheap valuation: ADSK is cheaper than 65.02% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.87 | ||
| EV/EBITDA | 40.76 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ADSK does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of ADSK may justify a higher PE ratio.
ADSK's earnings are expected to grow with 14.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.42
PEG (5Y)1.41
EPS Next 2Y14.42%
EPS Next 3Y14.32%
5. Dividend
5.1 Amount
No dividends for ADSK!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
295.84
-0.06 (-0.02%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners93.96%
Inst Owner Change-0.74%
Ins Owners0.16%
Ins Owner Change9.82%
Market Cap63.01B
Analysts80
Price Target321.26 (8.59%)
Short Float %1.42%
Short Ratio1.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.78%
Min EPS beat(2)0.48%
Max EPS beat(2)5.08%
EPS beat(4)4
Avg EPS beat(4)3.62%
Min EPS beat(4)0.48%
Max EPS beat(4)5.3%
EPS beat(8)7
Avg EPS beat(8)3.47%
EPS beat(12)10
Avg EPS beat(12)2.83%
EPS beat(16)14
Avg EPS beat(16)3.29%
Revenue beat(2)0
Avg Revenue beat(2)-1.5%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)-1.5%
Revenue beat(4)0
Avg Revenue beat(4)-1.04%
Min Revenue beat(4)-1.51%
Max Revenue beat(4)-0.46%
Revenue beat(8)1
Avg Revenue beat(8)-0.71%
Revenue beat(12)2
Avg Revenue beat(12)-0.84%
Revenue beat(16)3
Avg Revenue beat(16)-0.81%
PT rev (1m)-5.57%
PT rev (3m)-4.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.4%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)3.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.61%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.89 | ||
| Fwd PE | 30.49 | ||
| P/S | 10.28 | ||
| P/FCF | 41.87 | ||
| P/OCF | 39.21 | ||
| P/B | 24.04 | ||
| P/tB | N/A | ||
| EV/EBITDA | 40.76 |
EPS(TTM)8.48
EY2.87%
EPS(NY)9.7
Fwd EY3.28%
FCF(TTM)7.07
FCFY2.39%
OCF(TTM)7.54
OCFY2.55%
SpS28.78
BVpS12.31
TBVpS-10.31
PEG (NY)2.42
PEG (5Y)1.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.26% | ||
| ROE | 42.43% | ||
| ROCE | 24.09% | ||
| ROIC | 19.29% | ||
| ROICexc | 28.87% | ||
| ROICexgc | N/A | ||
| OM | 22.33% | ||
| PM (TTM) | 18.14% | ||
| GM | 90.57% | ||
| FCFM | 24.55% |
ROA(3y)9.38%
ROA(5y)10.1%
ROE(3y)54.38%
ROE(5y)69.36%
ROIC(3y)16.69%
ROIC(5y)14.67%
ROICexc(3y)26.54%
ROICexc(5y)24.06%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)20.85%
ROCE(5y)18.33%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y18.27%
ROICexc growth 5Y3.23%
OM growth 3Y16.62%
OM growth 5Y16.31%
PM growth 3Y16.98%
PM growth 5Y22.59%
GM growth 3Y0.04%
GM growth 5Y0.11%
F-Score7
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 1.52 | ||
| Debt/EBITDA | 1.28 | ||
| Cap/Depr | 56.67% | ||
| Cap/Sales | 1.66% | ||
| Interest Coverage | 19.84 | ||
| Cash Conversion | 103.74% | ||
| Profit Quality | 135.34% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 5.23 |
F-Score7
WACC10.82%
ROIC/WACC1.78
Cap/Depr(3y)43.74%
Cap/Depr(5y)50.72%
Cap/Sales(3y)1.23%
Cap/Sales(5y)1.55%
Profit Quality(3y)173.19%
Profit Quality(5y)185.07%
High Growth Momentum
Growth
EPS 1Y (TTM)11.29%
EPS 3Y18.7%
EPS 5Y24.81%
EPS Q2Q%9.57%
EPS Next Y14.43%
EPS Next 2Y14.42%
EPS Next 3Y14.32%
EPS Next 5Y14.06%
Revenue 1Y (TTM)11.53%
Revenue growth 3Y11.81%
Revenue growth 5Y13.37%
Sales Q2Q%11.57%
Revenue Next Year13.08%
Revenue Next 2Y12.11%
Revenue Next 3Y11.34%
Revenue Next 5Y11.03%
EBIT growth 1Y21.37%
EBIT growth 3Y30.39%
EBIT growth 5Y31.85%
EBIT Next Year21.61%
EBIT Next 3Y16.36%
EBIT Next 5Y12.43%
FCF growth 1Y20.21%
FCF growth 3Y0.91%
FCF growth 5Y2.02%
OCF growth 1Y22.39%
OCF growth 3Y1.62%
OCF growth 5Y2.58%