Autodesk’s (ADSK) revenue fell at a four-year CAGR (compound annual growth rate) of 2% to $2.1 billion in fiscal 2018, which ended on January 31, 2018. The company saw net losses in fiscals 2017 and 2018. Its revenue rose 19% to $1.2 billion in the first half of fiscal 2019, which ended on July 31, 2018.
The company’s product family includes the Architecture, Engineering, and Construction, Manufacturing, AutoCAD and AutoCAD LT, and Other segments. The Architecture, Engineering, and Construction segment generated 40% of its revenue. The Manufacturing segment accounted for 24% of its revenue, and the AutoCAD and AutoCAD LT segment generated 28% of its revenue. The Media, Entertainment, and Other segments generated the company’s remaining revenue. The company recorded positive net income of $57.6 million in the first half of fiscal 2019.
A look at the forecast for ADSK
Autodesk’s revenue forecasts for fiscal 2019, fiscal 2020, and fiscal 2021, respectively, are $2.5 billion, $3.2 billion, and $3.9 billion. Its expected net incomes are $207 million, $689 million, and $1.1 billion, respectively. The stock has “strong buy,” “buy,” and “hold” recommendations from seven, 11, and four analysts, respectively. It has a “sell” recommendation from one analyst. The company’s PE estimates for these years are 144.6x, 41.7x, and 26.4x, respectively.
ADSK against the indexes
At the end of last week, the stock had been bested by the NASDAQ Composite Index and the S&P 500 Systems Software Index in the last five days, in the last month, and in the last year. It had beaten these indexes in the last three months. The stock closed at an 18% discount to its 52-week high and a 29% premium to its 52-week low at the end of the week.
Autodesk recently announced its acquisition of Assemble Systems in July to digitalize and enhance the construction industry.
The company partnered with Surbana Jurong in September to work toward richer architectural, engineering, and construction industries.