ADSK

Autodesk Inc.

TMT


Presented:10/03/2019
Price:$144.77
Cap:$31.79B
Current Price:$286.48
Cap:$61.59B

Presented

Date10/03/2019
Price$144.77
Market Cap$31.79B
Ent Value$35.90B
P/E Ratio572.44x
Book ValueN/A
Div Yield0%
Shares O/S219.59M
Ave Daily Vol2,195,227
Short Int2.21%

Current

Price$286.48
Market Cap$61.59B
Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.

Publicly traded companies mentioned herein: Autodesk Inc (ADSK)

Highlights

The presenter is long shares of Autodesk Inc (ADSK), as he is bullish on the evolution of the legacy business into one with a sophisticated product offering, strong growth potential, and improved economics. ADSK is currently trading at ~$143 per share, down from its peak of ~$175 per share following management’s comments regarding challenges in China in the most recent earnings call. Despite this, his base case target price by the end of FY2023 is $220 – $275 per share (with additional upside to $300 per share) based on FCF per share reaching $11 (with upside to $12) and a multiple of 20x – 25x.

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Idea Discussion

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