Autodesk Inc ADSK

Morningstar Rating
$271.90 −1.46 (0.53%)
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Company Report

Autodesk Earnings: Strong Performance In Challenging Macroeconomic Environment; Maintain Fair Value

We are maintaining our $275 per share fair value estimate for wide-moat Autodesk, following a solid second quarter. Both top and bottom lines aligned with our forecasts while exceeding guidance. Despite a challenging macroeconomic environment, including a tough buying landscape, management is confident about future wins stemming from growth in the construction market and increased operational visibility through its new transaction pricing model. With this in mind, management raised its full-year outlook and guided to a sequentially stronger third quarter. With shares trading higher after hours and approaching our fair value estimate, we view this high-quality stock as fairly valued.

Price vs Fair Value

ADSK is trading at a 235% premium.
Price
$271.90
Fair Value
$156.00
Uncertainty
Medium
1-Star Price
$973.37
5-Star Price
$354.90
Economic Moat
Wvc
Capital Allocation
Ztpzsjdmb

Bulls Say, Bears Say

Bulls

Autodesk should be able to expand its annual recurring revenue based on growing average revenue per subscriber as construction modernization calls for more complex design and modeling features.

Bears

An economic downturn could reduce the rate of annual revenue growth for Autodesk as customers cut subscription seats.

News

Trading Information

Previous Close Price
$273.36
Day Range
$271.00274.50
52-Week Range
$192.01279.53
Bid/Ask
$271.00 / $271.90
Market Cap
$58.60 Bil
Volume/Avg
614,886 / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
33.24
Price/Sales
10.14
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
0.29%

Company Profile

Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
Sector
Technology
Industry
Software - Application
Stock Style Box
Mid Growth
Total Number of Employees
14,100

Competitors

Valuation

Metric
ADSK
PTC
ANSS
Price/Earnings (Normalized)
33.2438.3540.90
Price/Book Value
23.697.255.09
Price/Sales
10.149.8912.26
Price/Cash Flow
31.3132.7135.15
Price/Earnings
ADSK
PTC
ANSS

Financial Strength

Metric
ADSK
PTC
ANSS
Quick Ratio
0.530.592.86
Current Ratio
0.640.702.95
Interest Coverage
3.9312.12
Quick Ratio
ADSK
PTC
ANSS

Profitability

Metric
ADSK
PTC
ANSS
Return on Assets (Normalized)
18.41%9.19%11.54%
Return on Equity (Normalized)
96.37%20.35%15.38%
Return on Invested Capital (Normalized)
38.99%13.61%13.43%
Return on Assets
ADSK
PTC
ANSS

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