STOCKROUTINES

ANSYS, Inc.

Last Updated
Share Price
$270.61
Market Cap
$23.55B
Dividend Yield
N/A
EPS
$5.16
P/E
52.44

ANSYS, Inc. develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization. The company also provides electronics product suite that offers field simulation software for designing electronic and electromechanical products; SCADE product suite, a solution for embedded software simulation, code production, and automated certification; fluids product suite that enables modeling of fluid flow and other related physical phenomena; Ansys Granta products to give access to material intelligence; photonic design and simulation tools; and optical sensor and closed-loop, and real-time simulation, as well as safety-certified embedded software solutions. In addition, the company provides Discovery product family for use in the simulation of product design; and academic product suite used in research and teaching settings, which allows students to become familiar with its simulation software. It serves engineers, designers, researchers, and students in the aerospace and defense, automotive transportation and mobility, construction, consumer products, energy, healthcare, high-tech, industrial equipment, materials and chemical processing, and sports industries. The company was founded in 1970 and is headquartered in Canonsburg, Pennsylvania.

0%
Income
  • Revenue $1.91B
  • Gross Profit $1.65B
  • Net Income $454.63M
  • Gross Margin 86.47%
  • Net Margin 23.84%
Cash Flow
  • Free Cash Flow (FCF) $526.46M
  • Free Cash Flow To Equity (FCFE) $481.46M
  • Dividends Paid $0
  • Debt Repayment $-45M
  • Net Stock Repurchased $134.68M
Balance Sheet
  • Shareholder Equity $4.48B
  • Debt To Equity (D/E) 41.04%
  • Book Value $4.48B
  • Book Value Per Share (BVPS) $0
  • Return On Invested Capital (ROIC) 9.96%
The financial metrics for ANSYS, Inc. presented below are for the financial year 2021.
P/E 75.74 Price To Earnings Ratio
P/S 18.06 Price To Sales Ratio
P/B 7.68 Price To Book Ratio
P/CF 62.66 Price To Operating Cash Flow Ratio
P/FCF 65.4 Price To Free Cash Flow Ratio
P/FCFE 71.52 Price To Levered Free Cash Flow Ratio
P/EBT 66.81 Price To Pre-Tax Income
PEG 15.72 Trailing Price/Earnings To Growth Ratio
EV/Sales 18.16 Enterprise Value To Sales Ratio
EBIT/EV 0.02 EBIT To Enterprise Value Ratio
EV/EBITDA 54.56 Enterprise Value to EBITDA Ratio
D/E 0.41 Debt To Equity Ratio
ROE 10.59% Return On Equity
ROIC 9.96% Return On Invested Capital
DPR 0% Dividend Payout Ratio
Current Ratio 2.1 Current Liquidity Ratio
EPS Growth 4.82% Earnings Per Share Growth Rate
Graham Number $78.93 Benjamin Graham's Number
Piotroski Score N/A Piotroski F-Score
Beta N/A Beta Coefficient Value
    2021 2020 2019 2018 2017
Revenue $1.91B$1.68B$1.52B$1.29B$1.1B
Cost of Revenue $257.98M$225.26M$166.27M$155.88M$150.16M
Gross Profit $1.65B$1.46B$1.35B$1.14B$945.09M
Gross Profit Margin 86.47%86.6%89.03%87.95%86.29%
Operating Expenses $1.14B$959.68M$834.58M$661.18M$554.36M
Research & Development Expenses (R&D) $404.87M$355.37M$298.21M$233.8M$202.75M
Selling, General & Administrative Expenses (SG&A) $715.38M$587.71M$521.2M$413.58M$338.64M
Other Expenses $15.21M$16.6M$15.17M$13.79M$12.97M
Net Income $454.63M$433.89M$451.3M$419.38M$259.25M
Net Profit Margin 23.84%25.81%29.77%32.42%23.67%
Operating Income $513.27M$496.36M$515.04M$476.57M$390.73M
Other Income & Expenses (Net) $2.08M$-2.43M$7.54M$10.51M$4.97M
Depreciation & Amortization $106.87M$106.25M$78.97M$59.26M$67.68M
Interest Income $2.08M$5.07M$12.8M$11.42M$6.96M
Interest Expense $12.4M$10.99M$3.46M$0$0
Income Tax Expense $60.73M$60.04M$71.29M$67.71M$136.44M
Effective Tax Rate 11.78%12.16%13.64%13.9%34.48%
EBITDA $634.63M$611.16M$605.02M$546.34M$463.37M
EBIT $527.76M$504.91M$526.04M$487.08M$395.69M
EBT N/AN/AN/AN/AN/A
Shares Outstanding 85.84M85.84M84.26M83.97M84.99M
Diluted Shares Outstanding 87.29M87.29M85.92M85.91M86.85M
EPS $5.3$5.05$5.36$4.99$3.05
Diluted EPS $5.21$4.97$5.25$4.88$2.98
    2021 2020 2019 2018 2017
Operating Cash Flow $549.48M$547.31M$499.94M$486.44M$430.44M
Net Income $454.63M$433.89M$451.3M$419.38M$259.25M
Depreciation & Amortization $106.87M$106.25M$78.97M$59.26M$67.68M
Deferred Income Tax $-34.49M$-30.93M$-14.51M$-33.67M$-2.69M
Stock-Based Compensation $166.34M$145.62M$116.19M$83.35M$53.15M
Change In Working Capital $-154.63M$248.75M$130.07M$73.93M$124.7M
Other Non-Cash Items $10.77M$-356.26M$-262.08M$-115.79M$-71.65M
Cash From Investing $-536.81M$-614.25M$-833.55M$-313.68M$-97.44M
Purchases Of Investments $0$0$0$0$0
Sales / Maturities of Investments $0$0$0$0$0
Property, Plant & Equipment Investments $0$0$0$0$0
Net Acquisitions $-510.81M$-572.33M$-787.2M$-283.03M$-63.88M
Other Investing Activites $-26.01M$-41.92M$-46.35M$-30.65M$-33.56M
Cash From Financing $-245.85M$96.6M$429.41M$-262.68M$-294.65M
Debt Repayment $-45M$-75M$0$0$0
Dividend Payments $0$0$0$0$0
Payout Ratio 0%0%0%0%0%
Net Common Stock Repurchased $134.68M$161.03M$59.12M$269.8M$336.04M
Common Stock Repurchased $-134.68M$-161.03M$-59.12M$-269.8M$-336.04M
Common Stock Issued $134.68M$161.03M$59.12M$269.8M$336.04M
Other Financing Activites $-66.17M$332.63M$488.52M$7.13M$41.39M
Accounts Receivables $-149.02M$-160.32M$-154.4M$-74.45M$-14.41M
Accounts Payables $53.85M$21.36M$38.54M$19.92M$27.05M
Inventory $0$0$0$0$0
Other Working Capital $26.55M$1.24B$990.41M$860.34M$786.41M
Capital Expenditure (CAPEX) $-23.02M$-35.37M$-44.94M$-21.76M$-19.15M
Effect Of Foreign Exchange On Cash $-11.82M$10.92M$-842K$-14.44M$20.68M
Net Change In Cash $-245M$40.58M$94.95M$-104.36M$59.02M
Free Cash Flow (FCF) $526.46M$511.94M$455M$464.68M$411.29M
Free Cash Flow To Equity (FCFE) $481.46M$436.94M$455M$464.68M$411.29M
    2021 2020 2019 2018 2017
Total Assets $6.32B$5.94B$4.84B$3.27B$2.94B
Total Current Assets $1.64B$1.72B$1.56B$1.31B$1.27B
Cash & Short-Term Investments $668.03M$913.15M$872.38M$777.36M$881.79M
Cash & Cash Equivalents $667.67M$912.67M$872.09M$777.14M$881.5M
Short-Term Investments $361K$479K$288K$225K$286K
Net Receivables $918.11M$761.35M$637.83M$498.55M$361.48M
Inventory $0$0$0$0$0
Other Current Assets $52.44M$44.74M$45.27M$35.26M$27M
Total Non-Current Assets $4.69B$4.22B$3.28B$1.95B$1.67B
Property, Plant & Equipment (PP&E) $208.79M$234.23M$189.31M$61.66M$57.1M
Goodwill & Intangible Assets $4.17B$3.73B$2.89B$1.78B$1.54B
Goodwill $3.41B$3.04B$2.41B$1.57B$1.38B
Intangible Assets $763.12M$694.87M$476.71M$211.27M$157.63M
Long-Term Investments $0$0$0$0$0
Other Non-Current Assets $279.68M$225.12M$180.03M$82.78M$35.97M
Other Assets $0$0$0$0$0
Total Liabilities $1.84B$1.84B$1.39B$616.42M$695.79M
Total Current Liabilities $778.49M$728.83M$695.14M$524.77M$608.55M
Accounts Payables $10.86M$18.69M$14.3M$7.95M$6.04M
Short-Term Debt $0$0$75M$0$0
Deferred Revenue $391.53M$372.06M$351.35M$328.58M$440.49M
Other Current Liabilities $376.1M$338.07M$254.49M$188.23M$162.02M
Total Non-Current Liabilities $1.06B$1.11B$690.37M$91.65M$87.24M
Long-Term Debt $857.95M$919.06M$423.53M$0$0
Other Non-Current Liabilities $98.27M$84.51M$188.19M$61.57M$85.78M
Total Debt $857.95M$919.06M$498.53M$0$0
Total Shareholder Equity $4.48B$4.1B$3.45B$2.65B$2.25B
Common Stock $953K$953K$946K$932K$932K
Retained Earnings $4.26B$3.8B$3.37B$2.92B$2.32B
Accumulated Other Comprehensive Income Loss (AOCL) $-56.11M$-17.77M$-65.38M$-62.38M$-37.84M
Other Shareholder Equity $279.99M$310.1M$147.11M$-208.42M$-34.17M
Total Investments $0$0$0$0$0
Net Debt $190.29M$6.39M$-373.56M$-777.14M$-881.5M
Book Value $4.48B$4.1B$3.45B$2.65B$2.25B

Discounted Cash Flow

Use the Discounted Cash Flow (DCF) tool to estimate the intrinsic value of ANSYS, Inc. stock.

Assumptions
Forecast Period
Required Return
  Low Mid High
Revenue Growth
FCFE Margin
Perpetual Growth
Terminal P/FCFE
Assumptions

The number of assumptions to make for each forecast.

Forecast Period

The number of years to forecast future cash flows. These future cash flows are used to determine the intrinsic present value for the stock.

It is generally recommended to select a longer period for more established companies with stable financial histories.

Forecast Period

The compounding annual rate of return required, according to your investment objectives. This is used to discount back future cash flows.

Revenue Growth

Estimate the annual compounding revenue growth rate. You can use the historical compounding annual growth rates provided below as a guide.

  • 1 Year 12.55%
  • 3 Years 12.66%
  • 5 Years 13.7%
  • 10 Years 13.7%
Levered Free Cash Flow Margin

Estimate levered free cash flow (FCFE) as a percentage of revenue. You can use the historical margins provided below as a guide.

  • 1 Year 25.25%
  • 3 Years 27.08%
  • 5 Years 30.95%
  • 10 Years 30.95%
Perpetual Growth Rate

Estimate the compounding annual growth rate at which revenues will grow in perpetuity after the forecast period. This is the first method used to calculate the terminal value.

Values of between 2% and 5% are generally recommended.

Price To Levered Free Cash Flow

Estimate the price to levered free cash flow (P/FCFE) for the stock after the forecast period. This is the second method used to calculate the terminal value.

This method for calculating the terminal value can be preferred for shorter forecast periods. You can use the historical rations provided below as a guide.

  • 1 Year 71.52
  • 3 Years 63.55
  • 5 Years 49.44
  • 10 Years 49.44
Chief Executive Officer (CEO) Dr. Ajei Gopal
Full-Time Employees 5.1K
Industry Software—Application
Sector Technology
Country US
Website https://www.ansys.com

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