AUTODESK INC (ADSK) Stock Fundamental Analysis
NASDAQ:ADSK - Nasdaq - US0527691069 - Common Stock - Currency: USD
Taking everything into account, ADSK scores 6 out of 10 in our fundamental rating. ADSK was compared to 282 industry peers in the Software industry. While ADSK has a great profitability rating, there are some minor concerns on its financial health. ADSK is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make ADSK a good candidate 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.
Each year in the past 5 years ADSK has been profitable.
In the past 5 years ADSK always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.56%, ADSK belongs to the top of the industry, outperforming 86.52% of the companies in the same industry.
With an excellent Return On Equity value of 38.67%, ADSK belongs to the best of the industry, outperforming 93.62% of the companies in the same industry.
ADSK's Return On Invested Capital of 19.89% is amongst the best of the industry. ADSK outperforms 93.62% of its industry peers.
ADSK had an Average Return On Invested Capital over the past 3 years of 16.69%. This is above the industry average of 12.26%.
The last Return On Invested Capital (19.89%) for ADSK is above the 3 year average (16.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.56% | ||
| ROE | 38.67% | ||
| ROIC | 19.89% |
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
ADSK has a better Profit Margin (15.94%) than 81.91% of its industry peers.
In the last couple of years the Profit Margin of ADSK has grown nicely.
ADSK has a better Operating Margin (22.18%) than 90.43% of its industry peers.
ADSK's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 90.53%, ADSK belongs to the top of the industry, outperforming 98.23% of the companies in the same industry.
In the last couple of years the Gross Margin of ADSK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.18% | ||
| PM (TTM) | 15.94% | ||
| GM | 90.53% |
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
ADSK has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, ADSK has about the same amount of shares outstanding.
ADSK has less shares outstanding than it did 5 years ago.
ADSK has a better debt/assets ratio than last year.
2.2 Solvency
ADSK has an Altman-Z score of 5.75. This indicates that ADSK is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 5.75, ADSK is doing good in the industry, outperforming 71.99% of the companies in the same industry.
The Debt to FCF ratio of ADSK is 1.43, which is an excellent value as it means it would take ADSK, only 1.43 years of fcf income to pay off all of its debts.
ADSK has a Debt to FCF ratio of 1.43. This is in the better half of the industry: ADSK outperforms 71.28% of its industry peers.
ADSK has a Debt/Equity ratio of 0.76. This is a neutral value indicating ADSK is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.76, ADSK is not doing good in the industry: 70.21% of the companies in the same industry are doing better.
Even though the debt/equity ratio score it not favorable for ADSK, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 5.75 |
ROIC/WACC2.27
WACC8.78%
2.3 Liquidity
A Current Ratio of 0.65 indicates that ADSK may have some problems paying its short term obligations.
ADSK has a Current ratio of 0.65. This is amonst the worse of the industry: ADSK underperforms 86.88% of its industry peers.
ADSK has a Quick Ratio of 0.65. 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's Quick ratio of 0.65 is on the low side compared to the rest of the industry. ADSK is outperformed by 86.88% of its industry peers.
The current and quick ratio evaluation for ADSK is rather negative, while it does have 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 | 0.65 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
ADSK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.09%, which is quite good.
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.
ADSK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.44%.
The Revenue has been growing by 13.37% on average over the past years. This is quite good.
EPS 1Y (TTM)12.09%
EPS 3Y18.7%
EPS 5Y24.81%
EPS Q2Q%22.46%
Revenue 1Y (TTM)12.44%
Revenue growth 3Y11.81%
Revenue growth 5Y13.37%
Sales Q2Q%15.24%
3.2 Future
ADSK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.92% yearly.
ADSK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.11% yearly.
EPS Next Y16.09%
EPS Next 2Y15.33%
EPS Next 3Y14.99%
EPS Next 5Y13.92%
Revenue Next Year13.8%
Revenue Next 2Y12.42%
Revenue Next 3Y11.66%
Revenue Next 5Y11.11%
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
The Price/Earnings ratio is 35.58, which means the current valuation is very expensive for ADSK.
Based on the Price/Earnings ratio, ADSK is valued a bit cheaper than the industry average as 67.02% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ADSK to the average of the S&P500 Index (27.45), we can say ADSK is valued slightly more expensively.
ADSK is valuated quite expensively with a Price/Forward Earnings ratio of 28.08.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ADSK indicates a somewhat cheap valuation: ADSK is cheaper than 67.38% of the companies listed in the same industry.
ADSK's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.58 | ||
| Fwd PE | 28.08 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ADSK indicates a somewhat cheap valuation: ADSK is cheaper than 68.79% of the companies listed in the same industry.
66.31% of the companies in the same industry are more expensive than ADSK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.31 | ||
| EV/EBITDA | 42.46 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of ADSK may justify a higher PE ratio.
ADSK's earnings are expected to grow with 14.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.21
PEG (5Y)1.43
EPS Next 2Y15.33%
EPS Next 3Y14.99%
5. Dividend
5.1 Amount
ADSK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
316.66
+6.32 (+2.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners94.15%
Inst Owner Change-0.5%
Ins Owners0.2%
Ins Owner Change8.03%
Market Cap67.75B
Analysts80
Price Target345.92 (9.24%)
Short Float %1.43%
Short Ratio2.13
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)4.83%
Min EPS beat(2)4.58%
Max EPS beat(2)5.08%
EPS beat(4)4
Avg EPS beat(4)3.86%
Min EPS beat(4)0.48%
Max EPS beat(4)5.3%
EPS beat(8)8
Avg EPS beat(8)4.31%
EPS beat(12)10
Avg EPS beat(12)2.83%
EPS beat(16)14
Avg EPS beat(16)3.12%
Revenue beat(2)0
Avg Revenue beat(2)-0.93%
Min Revenue beat(2)-1.5%
Max Revenue beat(2)-0.37%
Revenue beat(4)0
Avg Revenue beat(4)-0.96%
Min Revenue beat(4)-1.51%
Max Revenue beat(4)-0.37%
Revenue beat(8)1
Avg Revenue beat(8)-0.52%
Revenue beat(12)1
Avg Revenue beat(12)-0.88%
Revenue beat(16)2
Avg Revenue beat(16)-0.86%
PT rev (1m)7.68%
PT rev (3m)1.52%
EPS NQ rev (1m)-7.94%
EPS NQ rev (3m)3.99%
EPS NY rev (1m)1.45%
EPS NY rev (3m)1.36%
Revenue NQ rev (1m)-11.85%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)0.64%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.58 | ||
| Fwd PE | 28.08 | ||
| P/S | 10.67 | ||
| P/FCF | 42.31 | ||
| P/OCF | 40.4 | ||
| P/B | 25.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 42.46 |
EPS(TTM)8.9
EY2.81%
EPS(NY)11.28
Fwd EY3.56%
FCF(TTM)7.48
FCFY2.36%
OCF(TTM)7.84
OCFY2.48%
SpS29.67
BVpS12.23
TBVpS-10.32
PEG (NY)2.21
PEG (5Y)1.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.56% | ||
| ROE | 38.67% | ||
| ROCE | 24.85% | ||
| ROIC | 19.89% | ||
| ROICexc | 31.08% | ||
| ROICexgc | N/A | ||
| OM | 22.18% | ||
| PM (TTM) | 15.94% | ||
| GM | 90.53% | ||
| FCFM | 25.22% |
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-Score6
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 1.43 | ||
| Debt/EBITDA | 1.25 | ||
| Cap/Depr | 40.43% | ||
| Cap/Sales | 1.2% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 105.08% | ||
| Profit Quality | 158.2% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 5.75 |
F-Score6
WACC8.78%
ROIC/WACC2.27
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)12.09%
EPS 3Y18.7%
EPS 5Y24.81%
EPS Q2Q%22.46%
EPS Next Y16.09%
EPS Next 2Y15.33%
EPS Next 3Y14.99%
EPS Next 5Y13.92%
Revenue 1Y (TTM)12.44%
Revenue growth 3Y11.81%
Revenue growth 5Y13.37%
Sales Q2Q%15.24%
Revenue Next Year13.8%
Revenue Next 2Y12.42%
Revenue Next 3Y11.66%
Revenue Next 5Y11.11%
EBIT growth 1Y16.36%
EBIT growth 3Y30.39%
EBIT growth 5Y31.85%
EBIT Next Year22.65%
EBIT Next 3Y16.86%
EBIT Next 5Y12.43%
FCF growth 1Y-30.84%
FCF growth 3Y0.91%
FCF growth 5Y2.02%
OCF growth 1Y-28.94%
OCF growth 3Y1.62%
OCF growth 5Y2.58%