Cadence Design Systems Inc. (CDNS)

Index:

Nasdaq 100

$ 259.58
   
  • Change Today:
    $5.56
  • 52 Week High: $326.50
  • 52 Week Low: $233.82
  • Currency: US Dollars
  • Shares Issued: 273.85m
  • Volume: 901,179
  • Market Cap: $71,086m
  • RiskGrade: 166

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21
Continuing Operations          
Revenue 4,641.26 4,089.99 3,561.72 2,988.24 2,682.89
Operating Profit/(Loss) 1,350.76 1,251.22 1,073.69 779.09 645.55
Profit Before Tax 1,395.82 1,281.93 1,045.36 768.43 632.75
Profit After Tax 1,055.48 1,041.14 848.95 695.96 590.64
           
Earnings per Share - Basic 389.00¢ 386.00¢ 313.00¢ 254.00¢ 216.00¢
Earnings per Share - Adjusted 389.00¢ 386.00¢ 313.00¢ 254.00¢ 216.00¢
           
Dividend per Share n/a n/a n/a n/a n/a
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 458.20 403.21 371.45 305.91 311.12
Intangible Assets 2,973.41 1,872.69 1,728.89 1,161.62 992.68
Other Non-Current Assets 1,526.80 1,417.37 1,329.97 1,203.00 1,168.40
  4,958.40 3,693.27 3,430.30 2,670.53 2,472.20
Current Assets          
Inventories 257.71 181.66 128.01 115.72 75.96
Cash at Bank & in Hand 2,644.03 1,008.15 882.33 1,088.94 928.43
Other Current Assets 1,114.34 786.40 696.44 511.11 474.20
  4,016.08 1,976.22 1,706.77 1,715.77 1,478.59
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 8,974.48 5,669.49 5,137.07 4,386.30 3,950.78
Current Liabilities          
Borrowings 737.41 1,014.31 n/a n/a 446.86
Other Current Liabilities 632.27 576.56 1,347.70 971.22 349.95
           
Current Liabilities 1,369.68 1,590.87 1,347.70 971.22 796.81
           
Net Current Assets c2,645.97 c385.35 c359.07 c744.54 c681.78
           
Borrowings 2,476.18 299.77 739.60 448.74 346.79
Other Non-Current Liabilities 5,406.98 374.76 304.66 225.66 314.17
Non-Current Liabilities 7,883.17 674.54 1,044.26 674.40 660.96
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 4,300.90 2,265.40 2,391.96 1,645.62 1,457.77
           
Net Assets 4,673.58 3,404.09 2,745.11 2,740.68 2,493.02
           
Shareholders Funds 4,673.58 3,404.27 2,745.11 2,740.68 2,493.02
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 4,673.58 3,404.09 2,745.11 2,740.68 2,493.02
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21
Net Cash Flow From Operating Activities 1,260.55 1,349.18 1,241.89 1,100.98 904.92
Net Cash Flow from Investing Activities (837.12) (412.25) (738.63) (292.95) (292.16)
Net Cash Flow from Financing Activities 1,212.44 (811.10) (709.88) (647.50) (389.54)
Net Increase/Decrease In Cash 1,635.88 125.83 (206.62) 160.53 223.22
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 01-Jan-22 02-Jan-21
Continuing Operations          
PE Ratio - Adjusted 77.2 70.6 51.3 73.4 63.2
PEG - Adjusted 77.2 3.1 2.2 4.1 n/a
Earnings per Share Growth - Adjusted 1% 23% 23% 18% -40%
Dividend Cover n/a n/a n/a n/a n/a
Revenue per Share 1,694.81¢ 1,493.51¢ 1,300.60¢ 1,091.19¢ 9.89¢
Pre-Tax Profit per Share 509.70¢ 468.11¢ 381.73¢ 280.60¢ 2.33¢
Operating Margin 29.10% 30.59% 30.15% 26.07% 24.06%
Return on Capital Employed 28.41% 45.05% 59.54% 37.90% 0.28%
           
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
Dividend per Share Growth n/a n/a n/a n/a n/a
Operating Cash Flow per Share 460.31¢ 492.67¢ 453.49¢ 402.04¢ 330.44¢
Cash Incr/Decr per Share 597.36¢ 45.95¢ (75.45¢) 58.62¢ 0.82¢
Net Asset Value per Share (exc. Intangibles) 620.84¢ 559.21¢ 371.09¢ 576.61¢ 547.87¢
Net Gearing 12.19% 8.99% -5.20% -23.36% -5.41%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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