Stock Analysis on Net
Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS) 

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Synopsys Inc., FCFE calculation

US$ in thousands

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12 months ended: Oct 31, 2024 Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019
Net income attributed to Synopsys 2,263,380 1,229,888 984,594 757,516 664,347 532,367
Net loss attributed to non-controlling interest and redeemable non-controlling interest (27,570) (11,763) (6,158) (1,157) (900) —
Net noncash charges (121,209) 812,489 819,799 606,082 516,324 344,424
Net changes in operating assets and liabilities, net of effects from acquisitions and dispositions (707,572) (327,340) (59,335) 130,181 (188,458) (76,278)
Net cash provided by operating activities 1,407,029 1,703,274 1,738,900 1,492,622 991,313 800,513
Purchases of property and equipment, net (123,161) (189,618) (136,589) (93,764) (154,717) (198,129)
Proceeds from credit facilities — — — — 276,489 192,897
Repayment of debt (2,607) (2,603) (76,838) (28,061) (288,879) (524,063)
Payment of bridge financing and term loan costs (72,265) — — — — —
Free cash flow to equity (FCFE) 1,208,996 1,511,053 1,525,473 1,370,797 824,206 271,218

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

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Synopsys 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. Synopsys Inc. FCFE decreased from 2022 to 2023 and from 2023 to 2024.

Price to FCFE Ratio, Current

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

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No. shares of common stock outstanding 154,578,449
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 1,208,996
FCFE per share 7.82
Current share price (P) 492.18
Valuation Ratio
P/FCFE 62.93
Benchmarks
P/FCFE, Competitors1
Accenture PLC 24.28
Adobe Inc. 30.56
Autodesk Inc. 51.19
Cadence Design Systems Inc. 72.11
CrowdStrike Holdings Inc. 96.05
International Business Machines Corp. 12.19
Intuit Inc. 39.64
Microsoft Corp. 43.49
Oracle Corp. 58.30
Palantir Technologies Inc. 263.24
Palo Alto Networks Inc. 59.29
Salesforce Inc. 42.78
ServiceNow Inc. 83.14
P/FCFE, Sector
Software & Services 43.94
P/FCFE, Industry
Information Technology 53.72

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

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

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

Microsoft Excel
Oct 31, 2024 Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019
No. shares of common stock outstanding1 154,578,449 151,986,878 152,417,194 153,438,336 153,032,497 150,534,877
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 1,208,996 1,511,053 1,525,473 1,370,797 824,206 271,218
FCFE per share3 7.82 9.94 10.01 8.93 5.39 1.80
Share price1, 4 493.35 567.06 334.34 362.23 242.74 139.88
Valuation Ratio
P/FCFE5 63.08 57.04 33.41 40.55 45.07 77.64
Benchmarks
P/FCFE, Competitors6
Accenture PLC 23.91 21.01 17.87 25.76 19.01 19.50
Adobe Inc. — 41.83 21.32 34.26 41.36 41.90
Autodesk Inc. 37.55 25.55 16.66 64.43 24.07 41.92
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
Palantir Technologies Inc. — 74.28 96.89 198.12 — —
Palo Alto Networks Inc. 52.90 79.75 29.54 32.91 8.11 46.21
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
P/FCFE, Sector
Software & Services — 32.95 30.55 34.03 26.43 22.16
P/FCFE, Industry
Information Technology — 33.63 26.79 27.64 23.72 19.16

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

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 1,208,996,000 ÷ 154,578,449 = 7.82

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

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 493.35 ÷ 7.82 = 63.08

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. Synopsys Inc. P/FCFE ratio increased from 2022 to 2023 and from 2023 to 2024.