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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 driven by strong Q2 earnings, with revenue up 17% year-over-year, and EPS exceeding analyst forecasts. AI adoption and a successful transaction model shift fueled growth. The company's dominant market position and accelerating revenue growth prospects are key positives. With a sustained double-digit growth outlook and operational improvements, Autodesk's equity story has become more compelling. Its AI flywheel is scaling, boosting productivity and deepening customer integration. A transition to a new transaction model supports long-term margin targets.

1.c. Company Highlights

2. Autodesk's Q3 Results Exceed Expectations

Autodesk reported strong financial performance for its fiscal third quarter, with revenue growing 18% as reported and in constant currency, driven by the new transaction model which contributed approximately $124 million. Non-GAAP earnings per share came in at $2.67, exceeding estimates of $2.5. The company's non-GAAP operating margin was 38%, reflecting a year-over-year increase of approximately 120 basis points. Free cash flow was $430 million. Billings increased 21% as reported and 20% in constant currency.

Publication Date: Nov -26

📋 Highlights

Guidance Raise and Capital Allocation

The company raised its full-year guidance across the board, with billings guidance ranging from $7.465 billion to $7.525 billion and revenue guidance ranging from $7.15 billion to $7.165 billion. Non-GAAP operating margin guidance for the year was raised to approximately 37.5%. Autodesk also expects to buy back approximately $1.3 billion of stock, a 50% increase compared to fiscal 2025, demonstrating its commitment to returning value to shareholders.

Business Momentum and Growth Drivers

Autodesk's CEO highlighted the company's focus on the convergence of design and make in the cloud, enabled by platform, industry clouds, and AI. The company's Construction Cloud has seen significant traction, and its PLM market solution, Fusion, aims to provide a modern, SaaS-based platform for mid-market customers. The introduction of AI capabilities has shown high adoption rates and measurable productivity gains, positioning Autodesk for long-term growth.

Valuation and Growth Expectations

With a P/E Ratio of 34.63 and an EV/EBITDA of 40.7, Autodesk's valuation multiples suggest that the market has already priced in significant growth expectations. Analysts estimate next year's revenue growth at 15.4%, which may be challenging to achieve given the current macroeconomic environment. However, Autodesk's strong execution and disciplined capital allocation, with a ROIC of 27.78%, provide a solid foundation for future growth.

Operational Efficiency and Margin Expansion

Autodesk's go-to-market optimization is driving margin targets, with sales and marketing as a percentage of revenue decreasing. The company's focus on controllable factors that drive revenue, operating margin, earnings per share, and capital allocation has resulted in impressive margin expansion. With a Free Cash Flow Yield of 3.35%, Autodesk's cash generation capabilities provide flexibility for future investments and shareholder returns.

3. NewsRoom

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Autodesk, Inc. $ADSK Shares Acquired by American Century Companies Inc.

Dec -03

Source: defenseworld.net

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Autodesk, Inc. (ADSK) Presents at UBS Global Technology and AI Conference 2025 Transcript

Dec -02

Source: seekingalpha.com

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

Dec -02

Source: zacks.com

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Consumer Tech News (Nov 24-28): Lawmakers Target Meta Over Alleged Fraudulent Ads, U.S. Pushes Taiwan To Boost Chipmaking Investment In America & More

Nov -30

Source: feeds.benzinga.com

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Stock Market Live November 28: S&P 500 (VOO) Rises on Black Friday Despite Trading Glitch

Nov -28

Source: 247wallst.com

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Autodesk Gave Up Most After-Hours Gains To Close At Fair Valuation

Nov -27

Source: seekingalpha.com

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Autodesk's Strong Quarter Validates Analyst Optimism As Infrastructure, AI Drive Gains

Nov -26

Source: benzinga.com

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Autodesk Surges After Strong Q3 Earnings and Positive Guidance

Nov -26

Source: gurufocus.com

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: 5.4/10

Value: 2.6

Growth: 9.2

Quality: 7.6

Yield: 0.0

Momentum: 6.5

Volatility: 6.3

1-Year Total Return ->

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Stock-Card
ANSYS

A-Score: 5.3/10

Value: 0.7

Growth: 6.3

Quality: 8.5

Yield: 0.0

Momentum: 6.5

Volatility: 9.7

1-Year Total Return ->

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Stock-Card
Autodesk

A-Score: 5.1/10

Value: 0.5

Growth: 7.3

Quality: 8.1

Yield: 0.0

Momentum: 6.5

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Coinbase

A-Score: 4.5/10

Value: 1.0

Growth: 6.9

Quality: 8.8

Yield: 0.0

Momentum: 8.5

Volatility: 1.7

1-Year Total Return ->

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Stock-Card
Datadog

A-Score: 4.4/10

Value: 0.0

Growth: 9.7

Quality: 5.7

Yield: 0.0

Momentum: 7.0

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
Workday

A-Score: 4.3/10

Value: 1.0

Growth: 8.4

Quality: 6.2

Yield: 0.0

Momentum: 4.0

Volatility: 6.3

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

306.74$

Current Price

306.74$

Potential

-0.00%

Expected Cash-Flows