Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS)

Market Value Added (MVA)

Microsoft Excel

MVA

Synopsys Inc., MVA calculation

US$ in thousands

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Fair value of debt1 18,078 20,824 100,086 127,907 137,707 469,304
Operating lease liability 669,725 635,547 566,681 535,584 622,599 589,900
Market value of common equity 86,185,679 50,959,165 55,579,968 37,147,108 21,056,819 12,802,970
Preferred stock, $0.01 par value; none outstanding
Redeemable non-controlling interest 31,043 38,664
Non-controlling interest 5,950 4,801 3,806 4,963 5,863 5,863
Less: Short-term investments 151,639 147,913 147,949
Market (fair) value of Synopsys 86,758,836 51,511,088 56,102,592 37,815,562 21,822,988 13,868,037
Less: Invested capital2 8,083,758 7,739,574 6,945,230 6,656,460 5,864,612 5,535,296
MVA 78,675,078 43,771,514 49,157,362 31,159,102 15,958,376 8,332,741

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Synopsys Inc. market (fair) value less invested capital. Synopsys Inc. MVA decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

MVA Spread Ratio

Synopsys Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 78,675,078 43,771,514 49,157,362 31,159,102 15,958,376 8,332,741
Invested capital2 8,083,758 7,739,574 6,945,230 6,656,460 5,864,612 5,535,296
Performance Ratio
MVA spread ratio3 973.25% 565.55% 707.79% 468.10% 272.11% 150.54%
Benchmarks
MVA Spread Ratio, Competitors4
Accenture PLC 487.90% 442.58% 739.74% 550.21% 505.40%
Adobe Inc. 991.60% 658.07% 1,033.13% 1,082.99% 884.94% 680.30%
Autodesk Inc. 510.53% 541.13% 941.72% 538.60% 712.11%
Cadence Design Systems Inc. 1,934.83% 1,302.22% 1,110.87% 1,232.57% 792.57%
CrowdStrike Holdings Inc. 608.44% 1,273.85% 1,618.34% 1,449.48%
International Business Machines Corp. 100.64% 60.20% 54.96% 39.12% 47.78%
Intuit Inc. 573.60% 406.80% 1,175.12% 976.09% 1,553.30%
Microsoft Corp. 892.49% 956.02% 1,383.21% 1,315.93% 962.41%
Oracle Corp. 324.04% 224.95% 260.27% 180.84% 220.64%
Palo Alto Networks Inc. 731.80% 559.27% 573.47% 267.90% 424.76%
Salesforce Inc. 126.24% 150.31% 270.75% 226.93% 326.41%
ServiceNow Inc. 1,781.94% 1,276.80% 1,798.18% 2,575.52% 2,192.76%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 MVA. See details »

2 Invested capital. See details »

3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 78,675,078 ÷ 8,083,758 = 973.25%

4 Click competitor name to see calculations.

Performance ratio Description The company
MVA spread ratio The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. Synopsys Inc. MVA spread ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

MVA Margin

Synopsys Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 78,675,078 43,771,514 49,157,362 31,159,102 15,958,376 8,332,741
 
Revenue 5,842,619 5,081,542 4,204,193 3,685,281 3,360,694 3,121,058
Add: Increase (decrease) in deferred revenue (114,166) 411,368 160,813 190,535 32,857 121,941
Adjusted revenue 5,728,453 5,492,910 4,365,006 3,875,816 3,393,551 3,242,999
Performance Ratio
MVA margin2 1,373.41% 796.87% 1,126.17% 803.94% 470.26% 256.95%
Benchmarks
MVA Margin, Competitors3
Accenture PLC 251.01% 213.17% 379.26% 279.96% 233.58%
Adobe Inc. 1,241.42% 766.46% 1,287.44% 1,554.19% 1,330.31% 1,114.60%
Autodesk Inc. 649.46% 767.95% 1,300.77% 711.47% 1,160.93%
Cadence Design Systems Inc. 1,927.61% 1,299.21% 1,128.47% 1,241.37% 769.46%
CrowdStrike Holdings Inc. 816.60% 1,995.27% 3,362.60% 1,272.66%
International Business Machines Corp. 179.50% 104.54% 104.85% 68.01% 81.54%
Intuit Inc. 939.31% 782.89% 1,489.94% 1,098.60% 1,034.92%
Microsoft Corp. 1,016.40% 916.17% 1,148.11% 976.86% 711.95%
Oracle Corp. 626.94% 412.88% 514.72% 411.93% 401.82%
Palo Alto Networks Inc. 726.58% 651.57% 771.68% 434.92% 469.62%
Salesforce Inc. 321.51% 417.33% 620.94% 558.53% 642.57%
ServiceNow Inc. 1,433.56% 1,026.06% 1,555.49% 2,101.04% 1,606.91%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 MVA. See details »

2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenue
= 100 × 78,675,078 ÷ 5,728,453 = 1,373.41%

3 Click competitor name to see calculations.

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. Synopsys Inc. MVA margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.