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Added to YB: 2024-08-19

Pitch date: 2024-08-06

ADSK [neutral]

Autodesk, Inc.

+25.82%

current return

Author Info

No bio for this author

Company Info

Autodesk, Inc. provides 3D design, engineering, and entertainment technology solutions worldwide. It offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution; Autodesk Build, a toolset for managing, sharing, and accessing project documents for streamlined workflows between the office, trailer, and jobsite; Revit, a software built for building information modeling to help professionals design, build, and maintain energy-efficient buildings; Autodesk BIM Collaborate Pro, cloud-based design collaboration and design management software; BuildingConnected, a SaaS preconstruction solution; and Tandem, a cloud-based platform that transforms the built asset lifecycle.

Market Cap

$61.9B

Pitch Price

$236.56

Price Target

N/A

Dividend

N/A

EV/EBITDA

35.96

P/E

60.44

EV/Sales

9.40

Sector

Software

Category

turnaround

Show full summary:
Starboard Value Believe Autodesk Has an Opportunity to Create Significant Value

ADSK: Underperformed vs peers under CEO Anagnost. Missed Investor Day targets, misleading disclosures, poor compensation practices. Opportunity to improve margins by 500bps in S&M, 300bps in G&A. Target 55% incremental margins vs 36% expected. Board must hold mgmt accountable, tie comp to targets/TSR. $3.4B Adj EBITDA, 45%+ margins by FY27 possible.

Read full article (7 min)