AUTODESK INC (ADSK) Stock Fundamental Analysis
NASDAQ:ADSK - Nasdaq - US0527691069 - Common Stock - Currency: USD
Taking everything into account, ADSK scores 7 out of 10 in our fundamental rating. ADSK was compared to 282 industry peers in the Software industry. ADSK scores excellent on profitability, but there are some minor concerns on its financial health. ADSK is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make ADSK suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year ADSK was profitable.
In the past year ADSK had a positive cash flow from operations.
ADSK had positive earnings in each of the past 5 years.
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.
The Return On Equity of ADSK (38.67%) is better than 93.62% of its industry peers.
With an excellent Return On Invested Capital value of 19.89%, ADSK belongs to the best of the industry, outperforming 93.62% of the companies in the same industry.
ADSK had an Average Return On Invested Capital over the past 3 years of 16.69%. This is above the industry average of 12.28%.
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.
ADSK's Profit Margin has improved in the last couple of years.
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.
ADSK's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ADSK is creating value.
ADSK has about the same amout of shares outstanding than it did 1 year ago.
ADSK has less shares outstanding than it did 5 years ago.
The debt/assets ratio for ADSK has been reduced compared to a year ago.
2.2 Solvency
ADSK has an Altman-Z score of 5.31. This indicates that ADSK is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 5.31, ADSK is doing good in the industry, outperforming 70.21% of the companies in the same industry.
ADSK has a debt to FCF ratio of 1.43. This is a very positive value and a sign of high solvency as it would only need 1.43 years to pay back of all of its debts.
The Debt to FCF ratio of ADSK (1.43) is better than 71.28% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that ADSK is somewhat dependend on debt financing.
The Debt to Equity ratio of ADSK (0.76) is worse than 70.21% of its industry peers.
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 | 5.31 |
ROIC/WACC1.87
WACC10.65%
2.3 Liquidity
A Current Ratio of 0.65 indicates that ADSK may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.65, ADSK is doing worse than 86.52% of the companies in the same industry.
A Quick Ratio of 0.65 indicates that ADSK may have some problems paying its short term obligations.
With a Quick ratio value of 0.65, ADSK is not doing good in the industry: 86.52% of the companies in the same industry are doing better.
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.
ADSK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.81% yearly.
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
Based on estimates for the next years, ADSK will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.92% on average per year.
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 Y16.13%
EPS Next 2Y15.35%
EPS Next 3Y15.08%
EPS Next 5Y13.92%
Revenue Next Year13.85%
Revenue Next 2Y12.49%
Revenue Next 3Y11.68%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 32.47 indicates a quite expensive valuation of ADSK.
68.79% of the companies in the same industry are more expensive than ADSK, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ADSK to the average of the S&P500 Index (27.18), we can say ADSK is valued inline with the index average.
The Price/Forward Earnings ratio is 25.61, which means the current valuation is very expensive for ADSK.
Based on the Price/Forward Earnings ratio, ADSK is valued a bit cheaper than 69.15% of the companies in the same industry.
ADSK's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.47 | ||
| Fwd PE | 25.61 |
4.2 Price Multiples
ADSK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ADSK is cheaper than 69.50% of the companies in the same industry.
68.44% 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 | 38.62 | ||
| EV/EBITDA | 38.76 |
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.
A more expensive valuation may be justified as ADSK's earnings are expected to grow with 15.08% in the coming years.
PEG (NY)2.01
PEG (5Y)1.31
EPS Next 2Y15.35%
EPS Next 3Y15.08%
5. Dividend
5.1 Amount
ADSK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
288.96
-5.59 (-1.9%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners94.15%
Inst Owner Change0%
Ins Owners0.2%
Ins Owner Change7.59%
Market Cap61.84B
Analysts80.54
Price Target345.92 (19.71%)
Short Float %1.41%
Short Ratio1.84
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)0.97%
PT rev (3m)1.68%
EPS NQ rev (1m)0.15%
EPS NQ rev (3m)-7.8%
EPS NY rev (1m)1.48%
EPS NY rev (3m)1.39%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)-11.7%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.47 | ||
| Fwd PE | 25.61 | ||
| P/S | 9.74 | ||
| P/FCF | 38.62 | ||
| P/OCF | 36.87 | ||
| P/B | 23.63 | ||
| P/tB | N/A | ||
| EV/EBITDA | 38.76 |
EPS(TTM)8.9
EY3.08%
EPS(NY)11.28
Fwd EY3.9%
FCF(TTM)7.48
FCFY2.59%
OCF(TTM)7.84
OCFY2.71%
SpS29.66
BVpS12.23
TBVpS-10.31
PEG (NY)2.01
PEG (5Y)1.31
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 | 5.31 |
F-Score6
WACC10.65%
ROIC/WACC1.87
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 Y16.13%
EPS Next 2Y15.35%
EPS Next 3Y15.08%
EPS Next 5Y13.92%
Revenue 1Y (TTM)12.44%
Revenue growth 3Y11.81%
Revenue growth 5Y13.37%
Sales Q2Q%15.24%
Revenue Next Year13.85%
Revenue Next 2Y12.49%
Revenue Next 3Y11.68%
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%