Back to CDNS Overview
NMS · Valuation Lab
CDNS
Cadence Design Systems, Inc.
Last$337.07
Market cap92.8B
EV/EBITDA43.5x
Intrinsic value
$267.09
MoS -26.2% · Overvalued
Assuming 27.6% FCF margin and 24.2% Y1–5 growth.
Upside to price
EV (DCF)74.7B
Terminal share63%
Expected IV$276.95
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 63% of EV
PV of stage FCFs27.8B
PV of terminal value46.9B
Enterprise value74.7B
Net cash / (debt)-1.1B
Equity value73.6B
Intrinsic value / share$267.09
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 7.3B | 2B | 1.8B | 91.1% |
| Y2 | 9B | 2.5B | 2.1B | 83.0% |
| Y3 | 11.2B | 3.1B | 2.3B | 75.6% |
| Y4 | 13.9B | 3.8B | 2.6B | 68.9% |
| Y5 | 17.3B | 4.8B | 3B | 62.8% |
| Y6 | 19.3B | 5.3B | 3.1B | 57.2% |
| Y7 | 21.7B | 6B | 3.1B | 52.1% |
| Y8 | 24.3B | 6.7B | 3.2B | 47.5% |
| Y9 | 27.2B | 7.5B | 3.3B | 43.3% |
| Y10 | 30.5B | 8.4B | 3.3B | 39.4% |
| Terminal | — | — | 46.9B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.