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21do you see $ZETA (+0,77%) as a long-term investment?
thinking of going in and $ADSK (+0,71%) sell
With a market capitalization of $55.4 billion, Autodesk (ADSK) has become a major player in the CAD and engineering software industry. From architects to mechanical engineers, Autodesk's suite of software has influenced the way professionals design and build. Autodesk is best known for its flagship product AutoCAD, a cross-industry design software. It serves professionals in architecture, construction, engineering, manufacturing, and digital media and entertainment.
Although Autodesk shares are down 8.6% year to date, Wall Street sees huge long-term potential thanks to its subscription-based model, artificial intelligence (AI)-based innovations and strong financials, and therefore rates the company as a "strong buy". Let's find out why.
Autodesk has proven resilience
Autodesk utilizes a subscription model that ensures a steady stream of recurring revenue. Its most popular products include Revit, Fusion 360, Maya, Inventor and BIM Collaborate Pro. Despite economic fluctuations, the company has demonstrated financial stability.
In the fourth quarter of financial year 2025, total revenue increased by 12% year-on-year to USD 1.64 billion, exceeding the consensus estimate by USD 7.01 million. Adjusted earnings per share (EPS) amounted to USD 2.29, exceeding analysts' expectations and increasing by 9.6% year-on-year. Total billings increased 23% year-over-year to $2.11 billion. These figures underscore Autodesk's ability to expand despite major market challenges. Subscription revenue increased 14% and accounted for more than 92% of total revenue in the quarter, providing consistency and predictability. As more customers adopt cloud-based design solutions, Autodesk is well positioned to continue to grow its revenue. The net revenue retention rate was between 100% and 110%. In addition, the current (remaining performance obligation or RPO), which represents revenue expected over the next 12 months, was $4.46 billion.
In financial year 2025, total revenue increased by 12% to USD 6.13 billion, while adjusted earnings per share increased by 11.4% to USD 8.47 per share.
Autodesk is increasing its focus on cloud-based design and AI-powered solutions and shifting internal resources to critical areas such as industry clouds and platform development. As a result, the company announced a global restructuring plan that will result in a 9% reduction in headcount and affect approximately 1,350 employees. The company anticipates pre-tax restructuring costs of between USD 135 and 150 million.
During the fourth quarter earnings conference call, CEO Andrew Anagnost emphasized Autodesk's leadership in cloud-based design and manufacturing and highlighted notable customer partnerships such as Power Design and MSC Industrial Supply. Management also discussed the company's long-term vision to increase profitability by entering high-growth segments such as construction and infrastructure. The company generated free cash flow of USD 1.57 billion in financial year 2025 and expects to generate between USD 2.07 billion and USD 2.175 billion in financial year 2026.
Autodesk's growth trend appears to be strong as the company has raised its full-year earnings guidance. It expects revenue between $6.9 billion and $6.97 billion and adjusted earnings per share between $9.34 and $9.67. This would correspond to sales growth of 13% on average and earnings growth of around 12.2% in the 2026 financial year.
What is the price target for Autodesk shares?
The analysts remain optimistic about Autodesk and rate the company as a "strong buy".
Of the 26 analysts covering ADSK stock, 18 rate it a "Strong Buy", one rates it a "Moderate Buy" and seven rate it a "Hold". The average price target of USD 336.92 suggests that the share price could rise by 25% from its current level. In addition, the high estimate of USD 400 indicates that the share has a price potential of 50% over the next twelve months.
Long-term investors could benefit significantly as the company expands its AI capabilities, cloud solutions and presence in emerging markets. Autodesk's strong fundamentals and growth trajectory make it an attractive growth stock for long-term investors with a high risk appetite.
Autodesk Q3 2024 $ADSK (+0,71%)
RevenueAutodesk generated revenue from subscription plans of USD 1.46 billion, an increase of 11% compared to the previous year (12% at constant exchange rates).
Net revenue retention rate: Remained in the range of 100% to 110% at constant exchange rates, demonstrating stable customer retention.
GAAP operating incomeIncreased to USD 346 million, compared to USD 334 million in the previous year.
Non-GAAP operating incomeImproved to USD 573 million compared to USD 547 million in the previous year.
Balance sheet overview
Details of the profit and loss account
Cash flow overview
Key figures and profitability metrics
Segment information
Competitive position
Autodesk remains a leading player in industries with strong structural growth. The focus on digital transformation in architecture, engineering and construction (AEC) and the transition to cloud solutions in the manufacturing and media sectors strengthen the company's competitiveness.
Forecasts and comments from management
Risks and opportunities
Positive aspects
Double-digit growth in annual revenue.
Significant increase in subscription revenue.
Non-GAAP operating margins increased by approximately 300 basis points since FY23.
Substantial increase in free cash flow.
Successful strategic initiatives in the areas of digital transformation and cloud adaptation.
Negative aspects
GAAP operating margin down by 2 percentage points.
Non-GAAP operating margin down by 3 percentage points.
Deferred revenue down 9%.
Uncertainty in forecasting subscription renewals.
High exposure to international regulatory and economic risks that could impact long-term stability.
$ADSK (+0,71%) Autodesk Inc. reported earnings
Fiscal 2025 Q3 results ended October 31st, 2024
- Revenue reached $1.57B, up 11% YoY
- Net income was $275M, up from $241M YoY
- GAAP diluted EPS $1.27, up from $1.12 YoY
- Total billings increased 28% YoY to $1.54B
CEO Andrew Anagnost: "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase."
Revenue & Growth
- Americas revenue: $705M, +10% YoY
- EMEA revenue: $580M, +12% YoY
- APAC revenue: $285M, +10% YoY
- Subscription revenue: $1.46B, +11% YoY
- Recurring revenue represents 97% of total revenue
- Net revenue retention rate remained within 100-110%
Profits & Financials
- GAAP operating margin: 22%, down 2 percentage points YoY
- Non-GAAP operating margin: 36%, down 3 percentage points YoY
- Operating cash flow: $209M, up $191M YoY
- Free cash flow: $199M, up $186M YoY
- Cash and equivalents: $1.44B
Business Highlights
- AEC revenue: $751M, +11% YoY
- AutoCAD and AutoCAD LT revenue: $398M, +7% YoY
- Manufacturing revenue: $307M, +14% YoY
- Media & Entertainment revenue: $83M, +14% YoY
- Appointed Janesh Moorjani as chief financial officer
Future Outlook
- FY25 revenue guidance: $6.115B-$6.13B, up ~11%
- FY25 billings guidance: $5.9B-$5.98B, up 14-15%
- Q4 FY25 revenue guidance: $1.623B-$1.638B
- Q4 FY25 GAAP EPS guidance: $1.21-$1.27
- FY25 free cash flow guidance: $1.47B-$1.5B
Mensch und Maschine Software SE
Company presentation
Mensch und Maschine Software SE ($MUM (-2,77%) ) is a leading provider of CAD/CAM software headquartered in Weßling, Germany. Founded in 1984, the company has developed into a major player in the field of digitization solutions for industry, construction and infrastructure. M+M employs over 1,000 people at around 75 international locations.
M+M's core business is divided into two main segments:
M+M SoftwareThis segment develops and distributes standard software solutions for CAM, BIM and CAE.
M+M Digitization This segment offers customized digitization solutions, training and consulting services.
M+M's mission is to support companies in their digital transformation and provide innovative software solutions for complex technical challenges. The company's vision is to remain the leading provider of CAD/CAM solutions in Europe and to continuously expand into new technologies and markets.
Historical development
Since its foundation, M+M has reached several important milestones:
These strategic acquisitions have helped M+M to diversify its portfolio and strengthen its market position in various industries.
Business model & core competencies
M+M's core competencies lie in its deep technical expertise in CAD/CAM software and its ability to translate complex customer needs into individual digitization solutions. The company benefits from long-standing customer relationships and a strong partner network.
Future prospects & strategic initiatives
M+M is committed to continuous innovation and expansion into new technology areas. Current growth initiatives include:
In the medium term, M+M aims to further strengthen its market position in Europe and expand into new geographic markets.
Market position & competition
M+M has established itself as one of the leading providers of CAD/CAM solutions in Europe. The company competes with large international software companies as well as specialized niche suppliers. The main competitors include:
M+M differentiates itself through its strong local presence in Europe, customized solutions and comprehensive consulting and training services.
Total Addressable Market (TAM)
The global market for CAD/CAM software is expected to reach a volume of over 25 billion US dollars by 2028, with an annual growth rate of around 7%. Important growth drivers are:
M+M is well positioned to benefit from these trends and further expand its market share in Europe.
Development
Sales have grown at an annual growth rate of 6%, which is acceptable. In contrast, however, net profit has grown at a 14 % CAGR, which is very positive.
In terms of turnover, the digitalization sector is significantly larger than the software sector, but contributes less to gross profit. Nevertheless, despite the lower absolute amount, the digitization sector has a better margin than software.
The gross margin is just under 54%, while the operating margin is 15% and net profit is approaching the 10% mark with an annual growth rate of 7%.
The shareholder yield is 2.6%, while the ratio of enterprise value to EBITDA is average. In addition, the ratio of net debt to EBITDA is negative.
The payout ratio is very high and could remain at around 90% for the time being, or possibly even lower. The dividend per share is rising continuously and should maintain this trend.
The capital efficiency is very good and a larger part of the distributions could be retained in order to invest in the business to gain even more market share.
Conclusion
The picture speaks for itself: with an insider share of 48% and a promising history, I am convinced that the company can achieve its goals. Earnings per share (EPS) should double in the next 4 to 5 years. The share is performing well, but is still undervalued. There is also an attractive dividend, which has been rising steadily for some time. The business case is convincing and the company's name is simply cool. The only thing that could really hinder the company is Germany, as most of its sales come from this market and the tax burden here is very high.
They could work on the presentation, as it seems a bit strange for a digital company, but ultimately it's going well.
+ 3
Autodesk Earnings $ADSK (+0,71%)
Tomorrow is a big day.
With NVIDIA $NVDA (-0,17%) Salesforce $CRM (+0,57%) CD Projekt $CDR (+0,85%) and Okta $OKTA (-0,44%) report 15.72% of my portfolio in one day, almost simultaneously at around 10 p.m. CEST. In addition, with Crowdstrike $CRWD (+1,92%) another interesting watchlist stock.
I'm not used to so much palpitations outside the reporting season. And even then, there are rarely days when so much can happen in both directions as tomorrow.
On Thursday there will be more figures from Autodesk $ADSK (+0,71%) before we start a boring September that will probably drag on like chewing gum.
What's wrong with autodesk autocad ! $ADSK (+0,71%) !
Share falls because they are late with their payments? So weird, maybe a good time to buy or are there other details? Who knows more ?
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