Autodesk Intrinsic Stock Value – Autodesk Beats Expectations with Non-GAAP EPS of $2.07 and Revenue of $1.41B

🌥️Trending News

Autodesk ($NASDAQ:ADSK), Inc. is a leader in 3D design, engineering, and entertainment software. The company’s portfolio of products are geared towards the architecture, engineering, construction, manufacturing, media, and entertainment industries. Recently, Autodesk reported their second quarter earnings and beat expectations. These results were driven by strong growth in their subscription business.

Additionally, Anagnost stated that the company had seen strong demand for their products from existing customers, as well as a broadening demand from new customers. Overall, Autodesk has reported a strong second quarter and exceeded expectations with non-GAAP EPS of $2.07 and revenue of $1.41B. The company is continuing to see strong growth in their subscription-based revenue and is optimistic about continued success going forward.

Earnings

Compared to the same quarter in the previous year, this marks a 14.3% decrease in total revenue and 37.8% decrease in net income. This exceeds the expectations of analysts, and is a testament to the company’s ability to remain competitive in a rapidly changing market.

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…

Share Price

On Tuesday, AUTODESK reported better-than-expected results for the quarter ending March 31, 2021. The results were driven by strong demand for the company’s digital products and services, as well as increased customer engagement with its cloud-based offerings. This drove a 14% year-over-year increase in total revenue. Despite the impressive financial results, AUTODESK’s stock opened at $219.0 and closed at $217.7 on Tuesday, down by 0.9% from its previous closing price of 219.7. Live Quote…

Analysis – Autodesk Intrinsic Stock Value

At GoodWhale, we have been monitoring AUTODESK‘s wellbeing for some time now. After taking into account all the relevant factors, our proprietary Valuation Line tool concludes that the fair value of AUTODESK is around $280.3. This means that the current share price of $217.7 is undervalued by 22.3%. Thus, in our opinion, now is an excellent time to 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

Revenues of $1.41 billion also exceeded the estimates by $20 million. The strong results suggest that Autodesk has been performing well despite the pandemic-induced economic downturn. The company’s financial performance indicates sustained demand for its products and services, which bodes well for the future. Investors may consider investing in Autodesk as it appears to be in a strong financial position and is likely to benefit from the current market demand.