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

    $72.49B

  • EV

    $72.61B

  • 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

    $317.77

  • 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

NasdaqGS:CDNS