Mulya.ai
Ticker
CDNS
Scenario
Key Inputs
Revenue est.?Analysttaper yr5
OP margin est.?Analyst
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.2%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.149
Beta (levered) ?1.173
Terminal OM% ?37.7%
Segment conc. ?91% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 2 · 13.1%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

CDNS · Cadence Design Systems, Inc.

$377.272026-07-21
Sector: Technology; Industry: Software - Application; Sub-Industry: Application Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$141
-62.6% vs market
Base · active
$129
-65.7% vs market
Bear
$115
-69.5% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $115
Base $129
Bull $141
Market $377
Median $425
Market Price $377
Mulya.ai Base $129
Analysts Median $425
Mulya.ai IV range ($115 · $141)
Analysts Range ($370 · $440)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2024.Q1$4.1B40.8%17.6%$1.4B−$806MM$569MM9.1%19.3%$7.1B$3.80
2024.Q4$4.1B0.0%40.8%24.4%$1.3B−$1.4B−$99MM8.9%16.4%$8.3B$3.80
2025.Q1$4.6B13.5%38.8%25.0%$1.4B−$1.2B$186MM9.6%15.9%$8.7B$3.86
2025.Q4$4.6B0.0%38.8%27.1%$1.3B−$981MM$331MM8.9%14.7%$9.2B$3.86
2026.Q1$5.5B19.1%41.5%26.6%$1.7B−$3.4B−$1.7B9.4%15.4%$12.7B$4.2845.1
italics below = DCF projection · 10yr Rev CAGR: 7.5%
2027.Q1$6.4B+16.4%41.6%25.9%$2.0B−$2.1B−$98MM9.2%−$90MM14.4%$14.8B$5.4469.4
2028.Q1$7.3B+13.2%43.1%25.3%$2.3B−$2.0B$391MM9.1%$328MM14.8%$16.8B$6.4258.8
2029.Q1$8.1B+11.4%43.8%24.6%$2.7B−$1.9B$760MM9.1%$585MM15.1%$18.7B$7.3451.4
2030.Q1$8.6B+5.8%42.2%23.9%$2.8B−$1.1B$1.7B9.0%$1.2B14.3%$19.8B$7.5550.0
2031.Q1$9.1B+5.5%42.2%23.3%$2.9B−$1.1B$1.8B8.9%$1.2B14.4%$20.9B$8.0446.9
Term. Yr+$11.8B4.1%37.8%20.0%$3.6B−$1.1B$2.5B8.6%$23.3B13.1%
Active scenario IV: $129 (-65.7% vs market)