Intrinsic Value Autodesk, Inc. (AUD.DE)

• Previous Close: €213.00
• Intrinsic Value: n/a
• Upside potential: n/a%

Stock Valuation Context

Business Model And Market Position

Autodesk operates as a global leader in 3D design, engineering, and entertainment software, serving industries such as architecture, construction, manufacturing, and media. The company’s revenue model is primarily subscription-based, ensuring recurring income from its diverse portfolio, including AutoCAD, BIM 360, and Fusion 360. This approach enhances customer retention and provides predictable cash flows, critical in the competitive software-as-a-service (SaaS) landscape. Autodesk’s products are essential tools for professionals, enabling precision in design, simulation, and project management, which solidifies its market position. The company’s focus on cloud-based solutions, such as ShotGrid and Vault, aligns with industry trends toward digital transformation and collaborative workflows. Its strong brand recognition and extensive reseller network further reinforce its dominance in niche markets like CAD and BIM. While facing competition from Adobe, Dassault Systèmes, and Siemens, Autodesk maintains an edge through continuous innovation and integration of AI and machine learning into its platforms. Its strategic emphasis on cross-industry applicability—from construction to entertainment—ensures diversified revenue streams and resilience against sector-specific downturns.

Revenue Profitability And Efficiency

Autodesk reported revenue of €6.13 billion for FY 2025, with net income of €1.11 billion, reflecting a robust 18.1% net margin. The company’s subscription-based model drives high-margin recurring revenue, while operating cash flow of €1.61 billion underscores efficient monetization. Capital expenditures were minimal at €40 million, indicating asset-light operations and strong free cash flow generation.

Earnings Power And Capital Efficiency

Diluted EPS stood at €5.12, demonstrating Autodesk’s ability to convert revenue into shareholder value. The company’s capital efficiency is evident in its low capex requirements and high operating cash flow, which supports reinvestment in R&D and strategic acquisitions without compromising financial stability.

Balance Sheet And Financial Health

Autodesk holds €1.6 billion in cash and equivalents against €2.56 billion in total debt, reflecting a manageable leverage position. The balance sheet remains healthy, with sufficient liquidity to fund growth initiatives and weather economic uncertainties.

Growth Trends And Dividend Policy

Revenue growth is driven by expanding subscriptions and cross-selling opportunities across its product suite. Autodesk does not pay dividends, opting instead to reinvest profits into innovation and market expansion, aligning with its growth-focused strategy.

Valuation And Market Expectations

With a market cap of €61.93 billion and a beta of 1.43, Autodesk is priced for growth but carries higher volatility. Investors likely anticipate sustained demand for its industry-leading software solutions and further cloud adoption.

Strategic Advantages And Outlook

Autodesk’s competitive moat lies in its entrenched position in professional design software and its shift toward cloud and AI-driven tools. The outlook remains positive, supported by digitalization trends, though macroeconomic pressures and competition pose risks.

Sources

Company filings, Bloomberg