Autodesk, Inc (ADSK) – Momentum continues, Q2 beats

Autodesk, Inc (ADSK) (Q2FY24)

Stock Performance: Autodesk stock price increased by ~3% in the past 1- year. The stock has a 52-week high of $233.69 and its 52-week low is $179.61. The stock price showed sideways in the past 3-month period and gave -0.85% returns.

Quarter Performance: Total revenue was $1.34bn in Q2FY24, an increase of 9% as reported. The increase was due to growth in revenue from AEC, MFG, M&E and AutoCAD and AutoCAD LT.

Guidance: For Q3FY23, revenue is estimated at $1,380mn to $1,395mn. GAAP EPS is expected to be between $1.02 and $1.08. Non-GAAP EPS is expected to be between $1.97 and $2.03.

Highlights

The company’s subscription business is growing rapidly, and its non – subscription business is also steadily growing. Overall, Autodesk’s Q2FY24 earnings report indicates a positive outlook for the company’s future.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 35

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