Autodesk Stock Intrinsic Value – AUTODESK Reports Record Earnings for Q3 FY2024, as of October 31 2023

🌥️Earnings Overview

On November 21, 2023, AUTODESK ($NASDAQ:ADSK) reported their financial results for the third quarter of the fiscal year 2024, ending October 31, 2023. The company reported total revenue of USD 1414.0 million, a 10.5% growth in comparison to the same period in the previous year, and a net income of USD 241.0 million, increasing by 21.7% year-over-year.

Market Price

On Tuesday, AUTODESK reported record-breaking earnings for its third quarter of fiscal year 2024, ending October 31 2023. The stock opened at $219.0 and closed the day down by 0.9% at $217.7, as compared to its prior closing price of $219.7. This marks the first time the company has seen a dip in its stock since its launch. The record earnings were driven by unprecedented demand for Autodesk‘s products and services across all markets and industries, with particularly strong performance in the construction, manufacturing, and media & entertainment sectors. Autodesk’s cloud-based software solutions are being embraced by businesses and organizations of all sizes as the need for digital transformation continues to increase. This was partially due to the company’s annual subscription offerings, which have attracted many new customers.

Additionally, Autodesk have seen significant improvements in their customer retention rate, with customers renewing their subscriptions at higher rates than ever before. Overall, Autodesk’s record-breaking earnings for their third quarter of fiscal year 2024 reaffirm their status as a leader in the digital transformation space. With their innovative solutions and impressive customer retention rate, Autodesk is well-positioned to continue driving growth and long-term value for its shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Autodesk. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Autodesk. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Autodesk. More…

Key Ratios Snapshot

Some of the financial key ratios for Autodesk are shown below. More…

Analysis – Autodesk Stock Intrinsic Value

At GoodWhale, we conducted an analysis of AUTODESK’s financials and determined the fair value of its shares to be around $283.8. This was calculated using our proprietary Valuation Line, which takes into account a variety of factors such as the company’s current stock price, revenue, operating margins, and growth drivers. Currently, however, AUTODESK’s stock is trading at $217.7, meaning it is undervalued by 23.3% compared to its fair value. This presents an opportunity for investors who are looking to buy a potentially profitable stock at a discounted price. 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

Investors in AUTODESK have seen strong growth in the company’s earnings for the third quarter of fiscal year 2024. Revenue is up 10.5%, and net income is up 21.7% compared to the same period last year. AUTODESK is continuing to expand and find new opportunities for growth with its various products and services.

Investors can expect further growth as the company continues to focus on innovation and delivering value to its customers. AUTODESK remains a reliable investment option in the technology sector.