Mulya.ai
Ticker
CDNS
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.5%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.203
Beta (levered) ?1.231
Terminal OM% ?40.2%
Segment conc. ?91% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 18.2%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

CDNS · Cadence Design Systems, Inc.

$278.722026-05-17
Sector: Technology; Industry: Software - Application; Sub-Industry: Application Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$171
-38.6% vs market
Base · active
$162
-42.0% vs market
Bear
$137
-50.9% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $137
Base $162
Bull $171
Market $279
Median $385
Market Price $279
Mulya.ai Base $162
Analysts Median $385
Mulya.ai IV range ($137 · $171)
Analysts Range ($275 · $418)
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
2021.Q4$3.0B37.0%9.4%$1.0B−$501MM$501MM7.6%20.2%$5.0B$2.55
2022.Q4$3.6B19.2%42.8%18.8%$1.2B−$1.0B$233MM8.6%22.9%$5.9B$3.11
2023.Q4$4.1B14.8%43.5%18.8%$1.4B−$822MM$621MM8.3%23.0%$6.7B$3.81
2024.Q4$4.6B13.5%41.3%24.4%$1.5B−$1.5B−$50MM8.9%19.3%$8.4B$3.87
2025.Q4$5.3B14.1%44.2%27.1%$1.7B−$1.2B$534MM8.9%19.0%$9.6B$4.0632.5
italics below = DCF projection · 10yr Rev CAGR: 8%
2026.Q4$6.0B+13.7%44.4%26.4%$2.0B−$1.3B$640MM9.4%$585MM19.3%$10.9B$5.0755.0
2027.Q4$6.8B+12.4%45.1%25.7%$2.3B−$1.4B$892MM9.3%$746MM19.6%$12.3B$5.8647.6
2028.Q4$7.4B+9.0%47.8%25.0%$2.6B−$1.1B$1.5B9.2%$1.2B20.6%$13.4B$6.8340.8
2029.Q4$8.2B+10.4%47.8%24.3%$3.0B−$1.5B$1.5B9.2%$1.1B20.9%$14.8B$7.6236.6
2030.Q4$8.8B+7.5%47.8%23.6%$3.2B−$1.2B$2.0B9.1%$1.3B20.8%$16.0B$8.2733.7
Term. Yr+$11.9B4.1%40.2%20.0%$3.8B−$863MM$3.0B8.6%$27.8B18.2%
Active scenario IV: $162 (-42.0% vs market)