Autodesk Intrinsic Value Calculator – Autodesk Stock Rises as BMO Initiates Coverage with ‘Balanced’ Near-Term Setup

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Autodesk ($NASDAQ:ADSK) is a technology company that specializes in 3D design, engineering, and entertainment software. Their stock has recently seen a rise in response to BMO’s initiation of coverage. BMO has given Autodesk a “balanced” outlook for the near-term. This means that they are looking for a moderate amount of growth in the short-term. BMO’s initiation of coverage has been welcomed by investors, as the stock has seen an increase on the news.

However, their outlook is not overly optimistic, citing a more balanced approach for the near-term. This view suggests that investors should take a more measured approach when investing in Autodesk stock. The company has had a successful history of providing innovative software and technology. Autodesk has also seen increased demand for its products in recent times, which could provide some positive movement in the stock price. It remains to be seen if Autodesk stock can continue to rise despite BMO’s more balanced outlook. Despite this, their initiation of coverage is still seen as a positive indicator by many investors and could potentially provide an opportunity for those looking to invest in the company’s stock.

Price History

On Wednesday, AUTODESK stock opened at $193.9 and closed at $196.8, up by 0.1% from its previous closing price of 196.6. The increase was attributable to Bank of Montreal (BMO) initiating coverage of Autodesk with a “balanced” near-term outlook. BMO emphasized Autodesk’s “ongoing shift from perpetual software licenses to subscription-based multi-year SaaS contracts”, which facilitates cash flow stability and revenue visibility.

In addition, Autodesk has recently posted strong quarterly results, despite the impact of the pandemic. The company achieved year-over-year growth in total revenue, subscription billings, and total deferred revenue. It also reported higher operating margin compared to the same period last year. Overall, BMO’s coverage of Autodesk with a “balanced” near-term outlook has led to an increase in its stock price on Wednesday. Investors will be keeping a close eye on the company’s performance in the coming quarters to further gauge its potential for growth. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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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 Intrinsic Value Calculator

At GoodWhale, we have conducted an extensive analysis of AUTODESK‘s wellbeing. After our careful assessment, we are satisfied to report that AUTODESK is in a healthy position. According to our proprietary Valuation Line, the fair value of AUTODESK share is around $292.1. However, currently, AUTODESK stock is traded at $196.8, which is undervalued by 32.6%. We believe that this is a great buying opportunity and suggest that investors should consider investing in AUTODESK. 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

BMO recently began coverage of Autodesk, indicating a positive outlook for the company’s stock. The analysis determined that while Autodesk has strong long-term potential, near-term prospects are considered balanced. It is expected that the company will have success in the future by leveraging its existing technology and strong customer base. Investors should watch for changes in Autodesk’s financial performance and strategic initiatives to get a better sense of how the stock will perform in the future.