Autodesk Stock Dips 2.01% Thursday in Poor Market Performance
August 6, 2023
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Thursday was a difficult day on the market, with Autodesk ($NASDAQ:ADSK) Inc. suffering a 2.01% dip in its stock price and the S&P 500 Index dropping overall. Autodesk Inc., a leading provider of 3D design, engineering, and entertainment software solutions, saw its shares fall to $202.62. The company’s market performance was disappointing compared to other major companies in the industry. The company’s products are used by a variety of businesses around the world, from small startups to large enterprises. Autodesk Inc. has an extensive portfolio of digital tools available for subscription or purchase.
These tools enable customers to create 3D models, animate objects, render valuable insights into product performance, and collaborate with colleagues around the world. Overall, Thursday’s market performance was poor for Autodesk Inc. and the company underperformed compared to its competitors. Despite this short-term dip, the company has a long track record of success and strong reputation in the industry. Many are confident that Autodesk Inc.’s stock will bounce back soon and its future outlook remains bright.
Analysis
At GoodWhale, we have conducted a thorough analysis of AUTODESK‘s financials to determine the risk associated with investing in the company. According to our Risk Rating system, AUTODESK is considered a medium risk investment in terms of financial and business aspects. Upon further investigation, we have detected one significant risk warning in the income sheet. If you are interested in understanding this risk warning in more detail, please become a registered user on GoodWhale to check it out. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Autodesk. More…
| Total Revenues | Net Income | Net Margin |
| 5.1k | 838 | 16.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Autodesk. More…
| Operations | Investing | Financing |
| 2.36k | -404 | -1.55k |
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 |
| 9.07k | 8.17k | 4.19 |
Key Ratios Snapshot
Some of the financial key ratios for Autodesk are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.2% | 30.2% | 19.8% |
| FCF Margin | ROE | ROA |
| 45.4% | 61.8% | 7.0% |
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 felt bearish on Autodesk Inc. stock on Thursday, with shares declining 2.01% to $202.62. This move was seen in comparison to its competitors, resulting in underperformance for the company. The broader market followed a similar trajectory as the S&P 500 Index slid at the same time.
Analysts suggest that this bleak outlook could be due to concerns over Autodesk’s outlook given the current economic climate, or recent financial results. Therefore, investors should take caution when investing in Autodesk stocks.
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