Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$385.95
+2.94% vs spot
Hold
Spot price
$374.93
Mkt cap $103.41B
subtle cardAnalyst PT consensus
$370.83
-1.09% vs spot
subtle cardMethods covered
15 / 16
11 in blend
subtle cardFootball field
CDNS · fair-value range by method
Method comparison
CDNS · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $889.55 | $490.48 – $2,455.33 | +137.26% | 24.4% | WACC 7.6%, g₀=25.0%, gₗ=5.9% | high |
| DCF · FCFE | dcf | $387.65 | $265.73 – $614.48 | +3.39% | 20.0% | kₑ 9.5%, g₀=25.0%, gₗ=5.9% | high |
| Residual income | income | $27.63 | $24.32 – $30.95 | -92.63% | 13.3% | BV 21.80, ROE 20.3% → kₑ | high |
| EVA / MVA | income | $531.71 | $467.90 – $595.51 | +41.82% | 8.9% | IC 5.0B, WACC 7.6% | high |
| P/E · sector | multiple | $113.68 | $100.04 – $127.32 | -69.68% | 11.1% | EPS 4.06 × peer P/E 28.0 | med |
| P/S · sector | multiple | $126.58 | $107.60 – $145.57 | -66.24% | — | Rev/sh 21.10 × peer P/S 6.00 | med |
| EV / EBITDA | multiple | $151.24 | $133.09 – $169.38 | -59.66% | 11.1% | EBITDA × peer 20.0× − ND -0.5B | high |
| EV / EBIT | multiple | $159.78 | $135.82 – $183.75 | -57.38% | — | EBIT × peer 24.0× − ND | med |
| EV / Sales | multiple | $109.67 | $93.22 – $126.12 | -70.75% | 5.6% | Sales × peer 5.10× − ND | med |
| PEG-anchored | multiple | $162.40 | $138.04 – $186.76 | -56.69% | — | PEG=1, fwd EPS g 95.5% | med |
| Earnings power | intrinsic | $65.43 | $57.58 – $73.29 | -82.55% | 1.1% | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $194.26 | $165.12 – $223.40 | -48.19% | 1.1% | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $101.50 | $86.27 – $116.72 | -72.93% | 1.1% | PE = g (25.0) | low |
| Book NAV | asset | $21.80 | $20.71 – $22.89 | -94.18% | 2.2% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $13.26 | $11.27 – $15.25 | -96.46% | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g 7.0% · Conservative — modest implied growth | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (1.13)β | × 1.13 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 9.50% |
| Pre-tax cost of debtkd | 4.70% |
| Effective tax ratet | 26.6% |
| After-tax cost of debt | 3.45% |
| Equity weight$5.5B | 68.8% |
| Debt weight$2.5B | 31.2% |
| WACC | 7.62% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 17.12% |
| Analyst forward EPS growthFMP | 95.53% |
| Historical 5y revenue CAGRFY | 15.38% |
| Historical 5y EPS CAGRFY | 12.89% |
| Sustainable g (ROE × retention)Δ | 20.26% |
| Blended near-term growth (g₀) | 25.00% |
| Terminal growth (gₗ) | 5.90% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2023-12-31)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Technology (live sector PE unavailable)
- FMP /price-target-consensus— mean $370.83
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.