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1. Company Snapshot

1.a. Company Description

Autodesk, Inc.provides 3D design, engineering, and entertainment software and services worldwide.The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.


It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and streamline internal/external collaboration; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and ShotGrid, a cloud-based software for review and production tracking in the media and entertainment industry.It sells its products and services to customers directly, as well as through a network of resellers and distributors.Autodesk, Inc.


was incorporated in 1982 and is headquartered in San Rafael, California.

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1.b. Last Insights on ADSK

Autodesk's recent performance was negatively impacted by several factors, including reduced stakes by various institutional investors, such as DSM Capital Partners, Cibc World Market, and Caisse Des Depots ET Consignations. Additionally, the company's stock was under selling pressure, leading to an oversold territory. However, recent developments have been positive, with the company reporting strong Q4 results, showcasing a 19.4% year-over-year revenue growth, and providing an optimistic FY27 guidance. This has led to a significant rise in the stock price. (Source: Bloomberg)

1.c. Company Highlights

2. Autodesk's Strong Fiscal '26 Results Driven by AI-Powered Growth

Autodesk reported strong fiscal '26 results, with revenue growing 19% as reported and in constant currency, to a level above the high end of guidance ranges. The non-GAAP operating margin was 38%, up 120 basis points year-over-year, driven by operating leverage from revenue outperformance and cost discipline. Non-GAAP earnings per share came in at $2.85, beating estimates of $2.65. The company generated $972 million in free cash flow and repurchased approximately 1.1 million shares for $333 million.

Publication Date: Mar -01

📋 Highlights
  • Fiscal '26 Outperformance:: Revenue grew 19% (19% in constant currency), billings rose 33% (30% in constant currency), with $185M from the new transaction model.
  • Non-GAAP Margin Expansion:: Operating margin hit 38% (+120 bps YoY), free cash flow reached $972M, and $333M spent on share repurchases.
  • Fiscal '27 Guidance:: Billings of $8.48B–$8.58B, revenue of $8.1B–$8.17B, and non-GAAP margin of 38.5%–39%, reflecting disciplined growth targets.
  • AI and Platform Momentum:: 3.8M constraints generated by AI-powered Sketch AutoConstrain, with APS enabling agentic AI scalability and data-driven innovation.
  • Consumption-Based Shift:: 17% consumption-based revenue mix in fiscal '26, with a strategy to expand total addressable market via task- and project-based monetization.

Segment Performance

The manufacturing segment saw growth above 20%, driven by strength in construction and Fusion, with 23% growth in the "make" business. Autodesk's AECO segment also saw progress, with customers demanding convergence to reduce risk, increase quality, and optimize cost and resource use. The company's focus on AI-powered solutions is driving growth, with AI-powered Sketch AutoConstrain in Fusion delivering over 3.8 million constraints since its launch.

Guidance and Outlook

For fiscal '27, Autodesk expects billings growth of $8.48 billion to $8.58 billion, revenue growth of $8.1 billion to $8.17 billion, and non-GAAP operating margin of 38.5% to 39%. The guidance reflects prudence due to temporary risks related to the sales optimization plan. Analysts estimate next year's revenue growth at 13.0%, indicating a continued strong growth trajectory.

Valuation Metrics

Autodesk's current valuation metrics indicate a premium valuation, with a P/E Ratio of 46.37, P/B Ratio of 17.12, and P/S Ratio of 7.73. The EV/EBITDA ratio is 30.27, indicating a high valuation relative to earnings. The company's ROIC is 20.27%, and ROE is 39.89%, indicating strong profitability. The Free Cash Flow Yield is 4.59%, providing a relatively attractive return for investors.

AI Strategy and Partnerships

Autodesk's AI strategy involves building agentic AI capabilities, which require data, context, and expertise, and scaling and monetizing it through a platform and next-generation business models. The company is working closely with customers to wrangle data and bring it together in intelligent ways. Autodesk has also partnered with World Labs, a significant investment that will continue to drive growth in the operations space.

Operational Efficiency

The company is optimizing its sales organization and partner compensation plans to focus on new business and reduce incentives on renewals. Autodesk aims to maintain healthy renewal activity despite these changes. The company's focus on task-based automation is enabling customers to execute more projects with fewer people, expanding Autodesk's total addressable market (TAM).

3. NewsRoom

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37,359 Shares in Autodesk, Inc. $ADSK Purchased by CIBC Bancorp USA Inc.

08:20

Source: defenseworld.net

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Captrust Financial Advisors Increases Stock Position in Autodesk, Inc. $ADSK

Mar -19

Source: defenseworld.net

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Achmea Investment Management B.V. Has $62.40 Million Stock Holdings in Autodesk, Inc. $ADSK

Mar -18

Source: defenseworld.net

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PD vs. ADSK: Which Stock Is the Better Value Option?

Mar -17

Source: zacks.com

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California Public Employees Retirement System Lowers Stock Position in Autodesk, Inc. $ADSK

Mar -16

Source: defenseworld.net

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51,315 Shares in Autodesk, Inc. $ADSK Acquired by Advent International L.P.

Mar -15

Source: defenseworld.net

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Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns

Mar -13

Source: zacks.com

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Autodesk, Inc. (NASDAQ:ADSK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mar -07

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.00%)

6. Segments

CAD / CAM Software

Expected Growth: 12.0%

Autodesk's CAD/CAM software growth is driven by increasing demand for digital transformation, rising adoption of 3D modeling and simulation, and expanding applications in industries like architecture, engineering, and manufacturing. The company's strong portfolio, including AutoCAD and Fusion 360, and strategic acquisitions contribute to its 12.0% growth.

7. Detailed Products

AutoCAD

A 2D and 3D computer-aided design (CAD) software used for drafting, modeling, and documentation.

Revit

A building information modeling (BIM) software used for architectural, structural, and MEP design, as well as construction management.

Fusion 360

A 3D computer-aided design (CAD) software used for product design, engineering, and manufacturing.

Maya

A 3D computer animation, modeling, simulation, and rendering software used for visual effects and video production.

3ds Max

A 3D modeling, animation, rendering, and visualization software used for architectural visualization, product design, and video production.

Inventor

A 3D CAD software used for mechanical design, simulation, and visualization.

Civil 3D

A civil engineering software used for transportation, land development, and environmental projects.

Navisworks

A project review software used for construction management and coordination.

8. Autodesk, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Autodesk, Inc. operates in the software industry, specifically in computer-aided design (CAD) and building information modeling (BIM). While there are some substitutes available, such as free and open-source software like Blender and SketchUp, Autodesk's products are widely used and have a strong brand reputation. The threat of substitutes is medium, as some customers may consider alternative solutions, but Autodesk's products are well-established and have a loyal customer base.

Bargaining Power Of Customers

Autodesk's customers are primarily professionals and businesses in the architecture, engineering, and construction (AEC) industries. These customers are often dependent on Autodesk's software for their work and have limited bargaining power. Additionally, Autodesk's products are widely used and have a strong market presence, which reduces the bargaining power of individual customers.

Bargaining Power Of Suppliers

Autodesk's suppliers are primarily software developers and technology providers. While some suppliers may have a significant impact on Autodesk's operations, the company has a diverse range of suppliers and is not heavily reliant on any one supplier. Additionally, Autodesk's size and market presence give it significant negotiating power with its suppliers.

Threat Of New Entrants

The threat of new entrants is low, as Autodesk's products are well-established and have a strong brand reputation. The barriers to entry in the CAD and BIM software markets are high, requiring significant investment in research and development, marketing, and sales. New entrants would need to offer a compelling alternative to Autodesk's products, which is a challenging task.

Intensity Of Rivalry

The intensity of rivalry in the CAD and BIM software markets is high, with several established competitors, including Dassault Systèmes, PTC, and Trimble. These competitors offer a range of products that compete with Autodesk's software, and the market is subject to significant marketing and sales efforts. However, Autodesk's strong brand reputation and market presence give it a competitive advantage.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 49.40%
Debt Cost 4.33%
Equity Weight 50.60%
Equity Cost 11.33%
WACC 7.87%
Leverage 97.63%

11. Quality Control: Autodesk, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Uber

A-Score: 5.8/10

Value: 3.6

Growth: 9.2

Quality: 7.7

Yield: 0.0

Momentum: 8.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
ANSYS

A-Score: 5.4/10

Value: 0.8

Growth: 6.2

Quality: 8.6

Yield: 0.0

Momentum: 7.0

Volatility: 9.7

1-Year Total Return ->

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Stock-Card
Autodesk

A-Score: 5.0/10

Value: 0.5

Growth: 7.3

Quality: 8.3

Yield: 0.0

Momentum: 6.0

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Workday

A-Score: 4.6/10

Value: 1.0

Growth: 8.3

Quality: 6.6

Yield: 0.0

Momentum: 5.0

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
Datadog

A-Score: 4.5/10

Value: 0.0

Growth: 9.7

Quality: 5.6

Yield: 0.0

Momentum: 8.0

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
Coinbase

A-Score: 4.1/10

Value: 2.3

Growth: 6.8

Quality: 8.8

Yield: 0.0

Momentum: 5.0

Volatility: 2.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

247.99$

Current Price

247.99$

Potential

-0.00%

Expected Cash-Flows