Cadence Design Systems, Inc.
NasdaqGS-CDNS
Company Overview
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Name
Cadence Design Systems, Inc.
CEO
Dr. Anirudh Devgan Ph.D.
Website
www.cadence.com
Sector
Software
Year Founded
1987
Profile
Market Cap
$75.24B
EV
$75.36B
Shares Out
273.82M
Revenue
$4,161.5M
Employees
11,200
Margins
Gross
88.51%
EBITDA
32.8%
Operating
28.91%
Pre-Tax
30.94%
Net
25.36%
FCF
22.65%
Returns (5Yr Avg)
ROA
20.48%
ROTA
39.51%
ROE
35.09%
ROCE
26.49%
ROIC
26.63%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
$316.43
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
$1,228.68M
Net Debt
$119.98M
Debt/Equity
0.32
EBIT/Interest
30.34
Growth (CAGR)
Rev 3Yr
12.91%
Rev 5Yr
12.99%
Rev 10Yr
10.74%
Dil EPS 3Yr
16.68%
Dil EPS 5Yr
20.65%
Dil EPS 10Yr
23.99%
Rev Fwd 2Yr
13.35%
EBITDA Fwd 2Yr
17.16%
EPS Fwd 2Yr
15.87%
EPS LT Growth Est
16.1%
Dividends
Yield
—
Payout
—
DPS
—
DPS Growth 3Yr
—
DPS Growth 5Yr
—
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
—