Stock Analysis on Net
Stock Analysis on Net

Autodesk Inc. (NASDAQ:ADSK)

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Autodesk Inc., FCFE calculation

US$ in millions

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Net income (loss) 906 823 497 1,208 215 (81)
Net noncash charges 718 556 817 (218) 489 372
Changes in operating assets and liabilities, net of business combinations (311) 692 217 447 712 86
Net cash provided by operating activities 1,313 2,071 1,531 1,437 1,415 377
Purchases of intangible assets (30) (6) (11) (5) — —
Capital expenditures (31) (40) (56) (91) (53) (67)
Proceeds from debt, net of discount — — 997 — 499 500
Repayments of debt — (350) — (450) (500) —
Free cash flow to equity (FCFE) 1,252 1,675 2,462 891 1,361 810

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Autodesk Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Autodesk Inc. FCFE decreased from 2022 to 2023 and from 2023 to 2024.

Price to FCFE Ratio, Current

Autodesk Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 215,000,000
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 1,252
FCFE per share 5.82
Current share price (P) 305.20
Valuation Ratio
P/FCFE 52.41
Benchmarks
P/FCFE, Competitors1
Accenture PLC 23.43
Adobe Inc. 34.14
Cadence Design Systems Inc. 71.67
CrowdStrike Holdings Inc. 93.21
International Business Machines Corp. 11.48
Intuit Inc. 39.73
Microsoft Corp. 41.61
Oracle Corp. 64.30
Palo Alto Networks Inc. 61.13
Salesforce Inc. 40.22
ServiceNow Inc. 77.87
Synopsys Inc. 54.29
P/FCFE, Sector
Software & Services 41.88
P/FCFE, Industry
Information Technology 51.78

Based on: 10-K (reporting date: 2024-01-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Price to FCFE Ratio, Historical

Autodesk Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
No. shares of common stock outstanding1 215,446,979 214,782,702 217,307,974 219,592,294 219,521,425 219,535,216
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 1,252 1,675 2,462 891 1,361 810
FCFE per share3 5.81 7.80 11.33 4.06 6.20 3.69
Share price1, 4 218.20 199.22 188.70 261.50 149.23 154.69
Valuation Ratio
P/FCFE5 37.55 25.55 16.66 64.43 24.07 41.92
Benchmarks
P/FCFE, Competitors6
Accenture PLC 23.91 21.03 17.91 25.76 19.01 19.50
Adobe Inc. — 41.83 21.32 34.26 41.36 41.90
Cadence Design Systems Inc. — 71.40 33.41 36.31 45.86 36.04
CrowdStrike Holdings Inc. 85.82 42.65 99.63 41.38 880.68 —
International Business Machines Corp. — 9.97 11.97 48.45 9.43 4.39
Intuit Inc. 38.43 38.74 13.86 86.74 17.36 34.61
Microsoft Corp. 42.11 43.32 36.73 42.54 42.74 30.77
Oracle Corp. 48.38 15.47 — 8.36 6.27 22.31
Palo Alto Networks Inc. 52.90 79.75 29.54 32.91 8.11 46.20
Salesforce Inc. 38.33 31.06 16.56 49.52 50.40 29.09
ServiceNow Inc. — 58.13 44.44 64.54 49.83 68.98
Synopsys Inc. — 57.04 33.41 40.55 45.07 77.64
P/FCFE, Sector
Software & Services — 32.73 30.44 33.85 25.89 22.16
P/FCFE, Industry
Information Technology — 33.47 26.69 27.52 23.46 19.14

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 1,252,000,000 ÷ 215,446,979 = 5.81

4 Closing price as at the filing date of Autodesk Inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 218.20 ÷ 5.81 = 37.55

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Autodesk Inc. P/FCFE ratio increased from 2022 to 2023 and from 2023 to 2024.