Name: Autodesk Inc. (NASDAQ:ADSK) | Enterprise Value (EV)
Creator: Stock Analysis on Net

Current EV
Historical EV

Autodesk Inc., current enterprise value calculation

Current share price (P)	$298.96
No. shares of common stock outstanding	215,000,000
US$ in millions
Common equity (market value)¹	64,276)
Add: Preferred stock, $0.01 par value; none issued or outstanding (per books)	—)
Total equity	64,276)
Add: Current portion of long-term notes payable, net (per books)	—)
Add: Long-term notes payable, net, excluding current portion (per books)	2,284)
Total equity and debt	66,560)
Less: Cash and cash equivalents	1,892)
Less: Marketable securities	354)
Enterprise value (EV)	64,314)

Based on: 10-K (reporting date: 2024-01-31).

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 298.96 × 215,000,000

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Autodesk Inc., EV calculation

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Share price^1, 2	$218.20	$199.22	$188.70	$261.50	$149.23	$154.69
No. shares of common stock outstanding¹	215,446,979	214,782,702	217,307,974	219,592,294	219,521,425	219,535,216
US$ in millions
Common equity (market value)³	47,011)	42,789)	41,006)	57,423)	32,759)	33,960)
Add: Preferred stock, $0.01 par value; none issued or outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	47,011)	42,789)	41,006)	57,423)	32,759)	33,960)
Add: Current portion of long-term notes payable, net (book value)	—)	—)	350)	—)	450)	—)
Add: Long-term notes payable, net, excluding current portion (book value)	2,284)	2,281)	2,278)	1,637)	1,635)	2,088)
Total equity and debt	49,295)	45,070)	43,634)	59,061)	34,844)	36,048)
Less: Cash and cash equivalents	1,892)	1,947)	1,528)	1,772)	1,775)	886)
Less: Marketable securities	354)	125)	236)	85)	69)	68)
Enterprise value (EV)	47,049)	42,998)	41,870)	57,203)	33,000)	35,094)

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Autodesk Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 218.20 × 215,446,979

The financial trajectory of the enterprise value from 2019 to 2024 is characterized by significant volatility, peaking in 2021 before entering a period of correction and subsequent gradual recovery. The enterprise value closely mirrors the movements of the common equity market value, indicating that the overall valuation of the entity is predominantly driven by equity markets rather than debt structures.

Market Equity and Valuation Trends: Common equity market value exhibited a slight decline between 2019 and 2020, moving from 33,960 million US$ to 32,759 million US$. This was followed by a substantial surge in 2021, where the value reached a peak of 57,423 million US$. A sharp correction occurred by 2022, with the value descending to 41,006 million US$, after which a steady upward trend resumed through 2023 and 2024, ending at 47,011 million US$.
Enterprise Value (EV) Fluctuations: The enterprise value followed a pattern nearly identical to the market equity. It decreased from 35,094 million US$ in 2019 to 33,000 million US$ in 2020, before spiking to 57,203 million US$ in 2021. Similar to the equity trends, the EV experienced a contraction in 2022 to 41,870 million US$ and climbed moderately to 47,049 million US$ by 2024.
Relationship Between Debt, Equity, and EV: A consistent narrow gap is observed between total equity and total equity and debt across the six-year period. For instance, in 2024, total equity and debt stood at 49,295 million US$ compared to an enterprise value of 47,049 million US$. The fact that enterprise value remains closely aligned with market equity suggests a capital structure with relatively low net debt or the presence of significant cash balances that offset debt obligations in the EV calculation.

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Autodesk Inc. (NASDAQ:ADSK)

Enterprise Value (EV)

Current Enterprise Value (EV)

Historical Enterprise Value (EV)