ANSYS Inc.
Find Ratings ReportsANSYS INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. ANSYS INC is extremely liquid. Currently, the Quick Ratio is 2.25 which clearly shows the ability to cover any short-term cash needs. ANSS managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 10.77% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 805.11 | 694.12 |
EBITDA ($mil) | 370.15 | 296.88 |
EBIT ($mil) | 336.66 | 268.56 |
Net Income ($mil) | 274.76 | 257.95 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 860.39 | 614.57 |
Total Assets ($mil) | 7322.88 | 6687.95 |
Total Debt ($mil) | 877.7 | 889.18 |
Equity ($mil) | 5390.36 | 4865.85 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 94.72 | 94.69 |
EBITDA Margin | 45.97 | 42.77 |
Operating Margin | 41.82 | 38.69 |
Sales Turnover | 0.31 | 0.31 |
Return on Assets | 6.83 | 7.83 |
Return on Equity | 9.28 | 10.76 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.3 | 2.09 |
Debt/Capital | 0.14 | 0.15 |
Interest Expense | 12.55 | 9.06 |
Interest Coverage | 26.82 | 29.65 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 86.91 | 86.95 |
Div / share | 0.0 | 0.0 |
EPS | 3.14 | 2.95 |
Book value / share | 62.03 | 55.96 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 912580.0 | 524908.0 |
HOLD. This stock's P/E ratio indicates a premium compared to an average of 54.01 for the Publishing Industries (except Internet) subsector and a significant premium compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 5.33 indicates a premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 13.14. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average.
Price/Earnings |
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Price/Cash Flow |
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ANSS 57.64 | Peers 54.01 | ANSS 40.03 | Peers 269.30 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. ANSS is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ANSS is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ANSS 30.47 | Peers 113.26 | ANSS 0.84 | Peers 0.51 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. ANSS is trading at a significant discount to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ANSS trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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ANSS 5.33 | Peers 13.14 | ANSS -4.35 | Peers 32.50 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ANSS is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, ANSS is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ANSS 12.65 | Peers 15.40 | ANSS 9.89 | Peers 13.39 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ANSS is trading at a discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ANSS significantly trails its peers on the basis of sales growth. |
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