Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Autodesk Inc. (NASDAQ:ADSK)

Enterprise Value to EBITDA (EV/EBITDA)

Intermediate level

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Autodesk Inc., EBITDA calculation

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended: Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Net income (loss) 214,500  (80,800) (566,900) (582,100) (330,500) 81,800 
Add: Income tax expense 80,300  38,100  9,600  58,300  310,200  1,200 
Earnings before tax (EBT) 294,800  (42,700) (557,300) (523,800) (20,300) 83,000 
Add: Interest and investment expense, net 54,000  52,100  34,500  29,700  33,900  13,200 
Earnings before interest and tax (EBIT) 348,800  9,400  (522,800) (494,100) 13,600  96,200 
Add: Depreciation, amortization, and accretion 127,300  95,200  108,400  139,200  145,800  145,900 
Earnings before interest, tax, depreciation and amortization (EBITDA) 476,100  104,600  (414,400) (354,900) 159,400  242,100 

Based on: 10-K (filing date: 2020-03-19), 10-K (filing date: 2019-03-25), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-21), 10-K (filing date: 2016-03-23), 10-K (filing date: 2015-03-18).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Autodesk Inc.’s EBITDA increased from 2018 to 2019 and from 2019 to 2020.

Enterprise Value to EBITDA Ratio, Current

Autodesk Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 60,062,654 
Earnings before interest, tax, depreciation and amortization (EBITDA) 476,100 
Valuation Ratio
EV/EBITDA 126.16
Benchmarks
EV/EBITDA, Competitors1
Adobe Inc. 55.82
Alphabet Inc. 21.31
Facebook Inc. 24.10
International Business Machines Corp. 9.37
Intuit Inc. 36.79
Microsoft Corp. 22.71
Oracle Corp. 11.80
salesforce.com inc. 74.05
ServiceNow Inc. 289.05
EV/EBITDA, Sector
Software & Computer Services 24.27
EV/EBITDA, Industry
Technology 21.63

Based on: 10-K (filing date: 2020-03-19).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Enterprise Value to EBITDA Ratio, Historical

Autodesk Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 33,000,282  35,094,003  28,953,264  18,062,633  12,098,015  12,723,402 
Earnings before interest, tax, depreciation and amortization (EBITDA)2 476,100  104,600  (414,400) (354,900) 159,400  242,100 
Valuation Ratio
EV/EBITDA3 69.31 335.51 — — 75.90 52.55
Benchmarks
EV/EBITDA, Competitors4
Adobe Inc. — 41.16 37.27 36.77 28.22 33.16
Alphabet Inc. — 17.07 15.69 19.10 15.51 16.21
Facebook Inc. — 17.76 14.64 21.98 23.48 35.80
International Business Machines Corp. — 10.23 9.54 10.76 11.72 7.85
Intuit Inc. 35.70 34.27 31.25 21.97 19.58 22.81
Microsoft Corp. 21.60 17.10 15.58 14.93 13.70 12.37
Oracle Corp. 11.54 11.83 9.50 12.73 9.86 9.80
salesforce.com inc. 49.30 55.87 84.25 74.85 68.47 121.75
ServiceNow Inc. — 187.17 260.48 1,506.85 — —
EV/EBITDA, Sector
Software & Computer Services — 17.73 15.68 17.79 15.60 14.87
EV/EBITDA, Industry
Technology — 15.05 12.98 14.12 12.27 10.69

Based on: 10-K (filing date: 2020-03-19), 10-K (filing date: 2019-03-25), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-21), 10-K (filing date: 2016-03-23), 10-K (filing date: 2015-03-18).

1 See details »

2 See details »

3 2020 Calculation
EV/EBITDA = EV ÷ EBITDA
= 33,000,282 ÷ 476,100 = 69.31

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Autodesk Inc.’s EV/EBITDA ratio increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.