ADSK

Autodesk Inc.

TMT, Software


Presented:10/01/2024
Price:$267.47
Cap:$57.51B
Current Price:$286.48
Cap:$61.59B

Presented

Date10/01/2024
Price$267.47
Market Cap$57.51B
Ent Value$54.44B
P/E Ratio54.79x
Book Value$11.51
Div Yield0%
Shares O/S215.00M
Ave Daily Vol1,364,062
Short IntN/A

Current

Price$286.48
Market Cap$61.59B
Autodesk, Inc. engages in the design of software and services. Its products include AutoCAD, BIM Collaborate Pro, Revit, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with digital design, engineering, and production solutions. The firm is also involved in 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 Francisco, CA.

Publicly traded companies mentioned herein: Autodesk Inc (ADSK), GoDaddy Inc (GDDY), Salesforce Inc (CRM), Wix.com Ltd (WIX)

Highlights

The presenter is long shares of Autodesk Inc (ADSK), which is the leader in design and engineering software best known for its core products AutoCAD and Revit. The stock has suffered through mismanagement and a bloated cost structure, but he views ADSK as a high-quality business and a good software stock to own in the current tape, especially given the clear path to expand margins based on recent activist pressure and a business model transition that the company is currently working through. Underwriting slight revenue outperformance and more meaningful margin expansion, he values the stock at $375 – $400 per share over the next two years, representing material upside from the current $268 share price.

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Idea Discussion

Commentor 1 - 2 weeks ago

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