Autodesk Intrinsic Stock Value – AUTODESK Reports Financial Results for Q2 of FY 2024
August 29, 2023
🌥️Earnings Overview
AUTODESK ($NASDAQ:ADSK) reported on July 31 2023, total revenue of USD 1345.0 million and net income of USD 222.0 million for the second quarter of fiscal year 2024, ending on August 23 2023. These figures represent an 8.7% and 19.4% increase respectively compared to the same quarter the previous year.
Market Price
On Wednesday, AUTODESK reported their financial results for Q2 of FY 2024. The company’s stock opened at $202.2 and closed at $204.4, up by 1.9% from last closing price of 200.6. This marked a strong quarter for the company, with their stock steadily climbing since the beginning of the year. The strong financial performance in Q2 can be attributed to several key factors. This growth was driven by improved product efficiency and cost control, which enabled the company to reach higher profits in Q2. This was primarily due to higher gross margins as well as better expense control, which drove better overall profitability for the company.
Additionally, the company also had strong cash flow, which allowed them to maintain their financial positions and support their long-term growth plans. Their stock opened at strong levels and continued to increase steadily throughout the quarter, while also reporting higher profitability and strong cash flow. This is a strong indication that the company is on track to reach greater success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Autodesk. More…
| Total Revenues | Net Income | Net Margin |
| 5.21k | 874 | 16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Autodesk. More…
| Operations | Investing | Financing |
| 2.24k | -538 | -1.42k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Autodesk. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.11k | 7.9k | 5.64 |
Key Ratios Snapshot
Some of the financial key ratios for Autodesk are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.8% | 24.8% | 19.6% |
| FCF Margin | ROE | ROA |
| 42.1% | 60.6% | 7.0% |
Analysis – Autodesk Intrinsic Stock Value
GoodWhale has conducted an analysis of the wellbeing of AUTODESK. Our proprietary Valuation Line has calculated the intrinsic value of AUTODESK share to be around $286.2. This means that the current trading price of $204.4 is undervalued by 28.6%. We believe that buying AUTODESK at this price may be a great investment for the future. More…
Peers
In the world of architectural and engineering design software, Autodesk Inc. is a giant. Its main competitors are Beijing YJK Building Software Co Ltd, Nemetschek SE, and ZUKEN Inc. All three companies offer similar products and services, but Autodesk Inc. has the lion’s share of the market.
– Beijing YJK Building Software Co Ltd ($SZSE:300935)
Beijing YJK Building Software Co Ltd is a leading provider of enterprise software solutions in China. The company offers a comprehensive suite of products and services that enable organizations to streamline their operations, improve their productivity, and reduce their costs. Beijing YJK Building Software Co Ltd has a market cap of 2.21B as of 2022, a Return on Equity of 2.61%. The company’s products and services are used by a wide range of industries, including manufacturing, construction, healthcare, education, and government. Beijing YJK Building Software Co Ltd has a strong focus on innovation and R&D, and has a number of patents and intellectual property rights. The company’s products are distributed through a network of resellers and distributors in China and around the world.
– Nemetschek SE ($LTS:0FDT)
Nemetschek SE is a holding company for a group of companies that develop software solutions for the AEC industry. The company operates in two segments, Architecture, Engineering, and Construction (AEC) and Media & Entertainment (M&E). The AEC segment provides software solutions for the design, construction, and operation of buildings and infrastructure. The M&E segment provides software solutions for the creation, distribution, and monetization of digital content.
Nemetschek SE has a market cap of 5.53B as of 2022 and a Return on Equity of 22.14%. The company’s strong market position and financial performance are due to its diversified portfolio of software products and solutions, which cater to the needs of the AEC and M&E industries.
– ZUKEN Inc ($TSE:6947)
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the largest banks in the world with total assets of over $2.5 trillion. MUFG has a long history dating back to the Meiji period in Japan and is currently one of the leading banks in Asia. The company offers a wide range of financial services including retail banking, corporate banking, investment banking, and asset management. MUFG has a strong presence in Japan with over 3,000 branches and a market share of around 20%. The company also has a significant international presence with operations in over 50 countries.
Summary
AUTODESK reported strong financial results for the second quarter of fiscal year 2024, ending August 23 2023. Total revenue was up 8.7% year over year to USD 1345.0 million, while net income grew 19.4% to USD 222.0 million. This is encouraging news for investors, reflecting improved operational performance despite challenging conditions in the broader economy. These results bode well for AUTODESK’s long-term prospects and make the stock an attractive buy for those seeking to invest in the technology sector.
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