Intrinsic value of Ansys - ANSS

Previous Close

$150.57

  Intrinsic Value

$89.14

stock screener

  Rating & Target

sell

-41%

Previous close

$150.57

 
Intrinsic value

$89.14

 
Up/down potential

-41%

 
Rating

sell

We calculate the intrinsic value of ANSS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 12.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.77
  7.30
  7.07
  6.86
  6.68
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.58
  5.53
  5.47
  5.43
  5.38
  5.35
  5.31
  5.28
  5.25
  5.23
  5.20
  5.18
  5.17
  5.15
  5.13
  5.12
  5.11
Revenue, $m
  988
  1,060
  1,135
  1,213
  1,294
  1,378
  1,466
  1,557
  1,652
  1,751
  1,854
  1,962
  2,074
  2,191
  2,313
  2,441
  2,575
  2,715
  2,861
  3,014
  3,174
  3,341
  3,517
  3,701
  3,893
  4,095
  4,306
  4,528
  4,761
  5,004
  5,260
Variable operating expenses, $m
 
  532
  560
  589
  620
  651
  684
  719
  754
  791
  830
  737
  779
  823
  869
  917
  967
  1,020
  1,075
  1,132
  1,192
  1,255
  1,321
  1,390
  1,463
  1,538
  1,618
  1,701
  1,788
  1,880
  1,976
Fixed operating expenses, $m
 
  113
  116
  118
  121
  124
  128
  131
  134
  137
  141
  144
  148
  152
  155
  159
  163
  167
  172
  176
  180
  185
  189
  194
  199
  204
  209
  214
  220
  225
  231
Total operating expenses, $m
  612
  645
  676
  707
  741
  775
  812
  850
  888
  928
  971
  881
  927
  975
  1,024
  1,076
  1,130
  1,187
  1,247
  1,308
  1,372
  1,440
  1,510
  1,584
  1,662
  1,742
  1,827
  1,915
  2,008
  2,105
  2,207
Operating income, $m
  376
  415
  459
  505
  553
  602
  654
  708
  764
  822
  883
  1,080
  1,147
  1,216
  1,289
  1,365
  1,444
  1,527
  1,614
  1,706
  1,801
  1,901
  2,006
  2,116
  2,232
  2,353
  2,480
  2,613
  2,753
  2,899
  3,053
EBITDA, $m
  446
  561
  606
  653
  701
  752
  804
  859
  916
  976
  1,038
  1,103
  1,171
  1,241
  1,315
  1,393
  1,474
  1,558
  1,647
  1,740
  1,837
  1,939
  2,046
  2,158
  2,276
  2,399
  2,529
  2,664
  2,807
  2,956
  3,113
Interest expense (income), $m
  1
  0
  2
  3
  5
  6
  8
  10
  12
  14
  16
  18
  21
  23
  25
  28
  31
  33
  36
  39
  43
  46
  50
  53
  57
  61
  65
  70
  75
  79
  85
Earnings before tax, $m
  380
  415
  458
  502
  548
  596
  646
  698
  752
  808
  867
  1,062
  1,126
  1,193
  1,264
  1,337
  1,414
  1,494
  1,578
  1,666
  1,759
  1,855
  1,957
  2,063
  2,175
  2,291
  2,414
  2,543
  2,678
  2,820
  2,969
Tax expense, $m
  114
  112
  124
  136
  148
  161
  174
  188
  203
  218
  234
  287
  304
  322
  341
  361
  382
  403
  426
  450
  475
  501
  528
  557
  587
  619
  652
  687
  723
  761
  802
Net income, $m
  266
  303
  334
  366
  400
  435
  471
  509
  549
  590
  633
  775
  822
  871
  922
  976
  1,032
  1,091
  1,152
  1,216
  1,284
  1,354
  1,428
  1,506
  1,587
  1,673
  1,762
  1,856
  1,955
  2,059
  2,167

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  823
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,801
  2,124
  2,275
  2,431
  2,593
  2,762
  2,938
  3,120
  3,311
  3,509
  3,716
  3,931
  4,156
  4,391
  4,636
  4,892
  5,160
  5,440
  5,733
  6,039
  6,360
  6,696
  7,048
  7,416
  7,802
  8,206
  8,630
  9,075
  9,540
  10,029
  10,541
Adjusted assets (=assets-cash), $m
  1,978
  2,124
  2,275
  2,431
  2,593
  2,762
  2,938
  3,120
  3,311
  3,509
  3,716
  3,931
  4,156
  4,391
  4,636
  4,892
  5,160
  5,440
  5,733
  6,039
  6,360
  6,696
  7,048
  7,416
  7,802
  8,206
  8,630
  9,075
  9,540
  10,029
  10,541
Revenue / Adjusted assets
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
  0.499
Average production assets, $m
  256
  275
  294
  314
  335
  357
  380
  403
  428
  453
  480
  508
  537
  567
  599
  632
  667
  703
  741
  781
  822
  865
  911
  958
  1,008
  1,061
  1,115
  1,173
  1,233
  1,296
  1,362
Working capital, $m
  630
  -207
  -221
  -237
  -252
  -269
  -286
  -304
  -322
  -341
  -362
  -383
  -404
  -427
  -451
  -476
  -502
  -529
  -558
  -588
  -619
  -652
  -686
  -722
  -759
  -799
  -840
  -883
  -928
  -976
  -1,026
Total debt, $m
  0
  44
  89
  136
  185
  236
  288
  343
  400
  460
  522
  586
  654
  724
  798
  875
  955
  1,039
  1,127
  1,219
  1,315
  1,416
  1,521
  1,632
  1,748
  1,869
  1,996
  2,129
  2,269
  2,416
  2,569
Total liabilities, $m
  592
  637
  682
  729
  778
  829
  881
  936
  993
  1,053
  1,115
  1,179
  1,247
  1,317
  1,391
  1,468
  1,548
  1,632
  1,720
  1,812
  1,908
  2,009
  2,114
  2,225
  2,341
  2,462
  2,589
  2,722
  2,862
  3,009
  3,162
Total equity, $m
  2,208
  1,487
  1,592
  1,702
  1,815
  1,933
  2,056
  2,184
  2,317
  2,456
  2,601
  2,752
  2,909
  3,074
  3,245
  3,425
  3,612
  3,808
  4,013
  4,228
  4,452
  4,687
  4,933
  5,191
  5,461
  5,744
  6,041
  6,352
  6,678
  7,020
  7,379
Total liabilities and equity, $m
  2,800
  2,124
  2,274
  2,431
  2,593
  2,762
  2,937
  3,120
  3,310
  3,509
  3,716
  3,931
  4,156
  4,391
  4,636
  4,893
  5,160
  5,440
  5,733
  6,040
  6,360
  6,696
  7,047
  7,416
  7,802
  8,206
  8,630
  9,074
  9,540
  10,029
  10,541
Debt-to-equity ratio
  0.000
  0.030
  0.060
  0.080
  0.100
  0.120
  0.140
  0.160
  0.170
  0.190
  0.200
  0.210
  0.220
  0.240
  0.250
  0.260
  0.260
  0.270
  0.280
  0.290
  0.300
  0.300
  0.310
  0.310
  0.320
  0.330
  0.330
  0.340
  0.340
  0.340
  0.350
Adjusted equity ratio
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  266
  303
  334
  366
  400
  435
  471
  509
  549
  590
  633
  775
  822
  871
  922
  976
  1,032
  1,091
  1,152
  1,216
  1,284
  1,354
  1,428
  1,506
  1,587
  1,673
  1,762
  1,856
  1,955
  2,059
  2,167
Depreciation, amort., depletion, $m
  70
  146
  147
  148
  148
  149
  150
  151
  153
  154
  155
  22
  24
  25
  26
  28
  29
  31
  33
  34
  36
  38
  40
  42
  44
  47
  49
  52
  54
  57
  60
Funds from operations, $m
  362
  449
  481
  514
  548
  584
  622
  661
  701
  744
  788
  798
  846
  896
  949
  1,004
  1,061
  1,122
  1,185
  1,251
  1,320
  1,392
  1,469
  1,548
  1,632
  1,720
  1,811
  1,908
  2,009
  2,116
  2,227
Change in working capital, $m
  5
  -14
  -15
  -15
  -16
  -16
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -30
  -31
  -33
  -34
  -36
  -38
  -39
  -41
  -43
  -45
  -48
  -50
Cash from operations, $m
  357
  463
  495
  529
  564
  601
  639
  678
  720
  763
  808
  819
  868
  919
  973
  1,029
  1,087
  1,149
  1,213
  1,281
  1,351
  1,425
  1,503
  1,584
  1,669
  1,759
  1,853
  1,951
  2,055
  2,163
  2,277
Maintenance CAPEX, $m
  0
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -33
  -34
  -36
  -38
  -40
  -42
  -44
  -47
  -49
  -52
  -54
  -57
New CAPEX, $m
  -12
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -32
  -33
  -35
  -36
  -38
  -40
  -41
  -43
  -45
  -48
  -50
  -52
  -55
  -57
  -60
  -63
  -66
Cash from investing activities, $m
  -32
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -49
  -51
  -54
  -57
  -59
  -63
  -65
  -69
  -73
  -75
  -79
  -83
  -88
  -92
  -96
  -102
  -106
  -112
  -117
  -123
Free cash flow, $m
  325
  433
  464
  496
  529
  564
  600
  638
  677
  718
  761
  770
  816
  865
  916
  969
  1,025
  1,083
  1,144
  1,208
  1,275
  1,346
  1,419
  1,496
  1,577
  1,662
  1,751
  1,845
  1,943
  2,046
  2,154
Issuance/(repayment) of debt, $m
  0
  44
  45
  47
  49
  51
  53
  55
  57
  59
  62
  65
  67
  70
  74
  77
  80
  84
  88
  92
  96
  101
  105
  111
  116
  121
  127
  133
  140
  147
  154
Issuance/(repurchase) of shares, $m
  -283
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -279
  44
  45
  47
  49
  51
  53
  55
  57
  59
  62
  65
  67
  70
  74
  77
  80
  84
  88
  92
  96
  101
  105
  111
  116
  121
  127
  133
  140
  147
  154
Total cash flow (excl. dividends), $m
  38
  477
  509
  543
  578
  615
  653
  693
  735
  778
  823
  834
  884
  935
  990
  1,046
  1,105
  1,167
  1,232
  1,300
  1,372
  1,446
  1,525
  1,607
  1,693
  1,783
  1,878
  1,978
  2,083
  2,192
  2,307
Retained Cash Flow (-), $m
  -14
  -102
  -105
  -109
  -114
  -118
  -123
  -128
  -133
  -139
  -145
  -151
  -157
  -164
  -172
  -179
  -187
  -196
  -205
  -215
  -225
  -235
  -246
  -258
  -270
  -283
  -297
  -311
  -326
  -342
  -359
Prev. year cash balance distribution, $m
 
  823
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,198
  404
  434
  465
  497
  530
  565
  601
  639
  678
  683
  726
  771
  818
  867
  918
  971
  1,027
  1,086
  1,147
  1,211
  1,278
  1,349
  1,423
  1,500
  1,582
  1,667
  1,756
  1,850
  1,949
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  1,149
  370
  377
  382
  385
  385
  382
  376
  367
  356
  325
  310
  293
  275
  254
  233
  211
  189
  167
  146
  125
  106
  88
  72
  58
  46
  36
  27
  20
  15
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

ANSYS, Inc. (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for product development, from design concept to final-stage testing and validation. The Company distributes its ANSYS suite of simulation technologies through a network of independent resellers and distributors, and direct sales offices in various locations. Its product portfolio consists of Simulation Platform: ANSYS Workbench, Structures, Fluids, Electronics, Semiconductors, Multiphysics, AIM, Embedded Software, Systems, Three Dimensional (3-D) Direct Modeling and Academic.

FINANCIAL RATIOS  of  Ansys (ANSS)

Valuation Ratios
P/E Ratio 48.5
Price to Sales 13.1
Price to Book 5.8
Price to Tangible Book
Price to Cash Flow 36.1
Price to Free Cash Flow 37.4
Growth Rates
Sales Growth Rate 4.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -25%
Cap. Spend. - 3 Yr. Gr. Rate -16.2%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 381
Management Effectiveness
Return On Assets 9.6%
Ret/ On Assets - 3 Yr. Avg. 9.4%
Return On Total Capital 12.1%
Ret/ On T. Cap. - 3 Yr. Avg. 11.8%
Return On Equity 12.1%
Return On Equity - 3 Yr. Avg. 11.8%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 85.2%
Gross Margin - 3 Yr. Avg. 84.4%
EBITDA Margin 45.6%
EBITDA Margin - 3 Yr. Avg. 46%
Operating Margin 38.1%
Oper. Margin - 3 Yr. Avg. 37.6%
Pre-Tax Margin 38.5%
Pre-Tax Margin - 3 Yr. Avg. 37.8%
Net Profit Margin 26.9%
Net Profit Margin - 3 Yr. Avg. 27%
Effective Tax Rate 30%
Eff/ Tax Rate - 3 Yr. Avg. 28.6%
Payout Ratio 0%

ANSS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ANSS stock intrinsic value calculation we used $988 million for the last fiscal year's total revenue generated by Ansys. The default revenue input number comes from 2016 income statement of Ansys. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ANSS stock valuation model: a) initial revenue growth rate of 7.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ANSS is calculated based on our internal credit rating of Ansys, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Ansys.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ANSS stock the variable cost ratio is equal to 51.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $110 million in the base year in the intrinsic value calculation for ANSS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Ansys.

Corporate tax rate of 27% is the nominal tax rate for Ansys. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ANSS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ANSS are equal to 25.9%.

Life of production assets of 22.7 years is the average useful life of capital assets used in Ansys operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ANSS is equal to -19.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2208 million for Ansys - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 84.772 million for Ansys is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Ansys at the current share price and the inputted number of shares is $12.8 billion.

RELATED COMPANIES Price Int.Val. Rating
ADSK Autodesk 127.49 8.43  str.sell
EXA Exa 24.23 1.90  str.sell
CDNS Cadence Design 44.58 19.31  str.sell
SNPS Synopsys 88.36 101.41  buy
TEL TE Connectivit 95.04 77.26  hold
GE General Electr 18.21 23.56  hold
PTC PTC 65.12 9.47  str.sell

COMPANY NEWS

▶ Is It Time To Sell Ansys Inc (ANSS) Based Off Its PE Ratio?   [Nov-16-17 06:37PM  Simply Wall St.]
▶ ETFs with exposure to ANSYS, Inc. : November 6, 2017   [Nov-06-17 11:04AM  Capital Cube]
▶ Ansys: S&P 500s Top Gainer on November 2   [09:10AM  Market Realist]
▶ Stocks Showing Market Leadership: Ansys Earns 92 RS Rating   [03:00AM  Investor's Business Daily]
▶ The Hot Stock: Ansys Soars 10%   [Nov-02-17 04:26PM  Barrons.com]
▶ Ansys tops Street 3Q forecasts   [Nov-01-17 05:10PM  Associated Press]
▶ More room to run for software stocks like Adobe   [Oct-31-17 07:05PM  CNBC Videos]
▶ Is It Time To Buy Ansys Inc (ANSS)?   [Oct-27-17 02:41PM  Simply Wall St.]
▶ ETFs with exposure to ANSYS, Inc. : September 20, 2017   [Sep-19-17 11:20PM  Capital Cube]
▶ TSMC and ANSYS Enable Automotive Reliability Solutions   [Sep-14-17 07:20AM  PR Newswire]
▶ ANSYS to Host Investor Day on September 14, 2017   [Sep-13-17 01:09PM  GlobeNewswire]
▶ ANSYS 18.2 Enhances Simulation Speed and Accuracy   [Aug-22-17 07:20AM  PR Newswire]
▶ ETFs with exposure to ANSYS, Inc. : August 17, 2017   [Aug-17-17 03:10PM  Capital Cube]
▶ Ansys beats Street 2Q forecasts   [Aug-02-17 10:46PM  Associated Press]
▶ ETFs with exposure to ANSYS, Inc. : July 24, 2017   [Jul-24-17 02:01PM  Capital Cube]
▶ ETFs with exposure to ANSYS, Inc. : July 14, 2017   [Jul-14-17 12:48PM  Capital Cube]
▶ ANSYS Acquires Computational Engineering International   [Jul-11-17 07:10AM  PR Newswire]
▶ ANSYS, Inc. Value Analysis (NASDAQ:ANSS) : July 3, 2017   [Jul-03-17 04:08PM  Capital Cube]
▶ ANSYS Appoints Janet Lee as General Counsel   [Jun-20-17 08:12AM  PR Newswire]
▶ ETFs with exposure to ANSYS, Inc. : June 2, 2017   [Jun-02-17 01:51PM  Capital Cube]
▶ ETFs with exposure to ANSYS, Inc. : May 22, 2017   [May-22-17 01:20PM  Capital Cube]
▶ ANSYS 18.1 Expands Pervasive Engineering Simulation   [May-16-17 07:10AM  PR Newswire]
▶ Highly Rated Software Stock Engineers New Breakout   [May-05-17 11:15AM  Investor's Business Daily]
▶ Ansys tops Street 1Q forecasts   [May-03-17 05:42PM  Associated Press]
▶ These 3 Software Makers Broke Out To Buys, But With A Design Flaw   [Apr-24-17 04:18PM  Investor's Business Daily]
▶ ETFs with exposure to ANSYS, Inc. : April 5, 2017   [Apr-05-17 04:18PM  Capital Cube]
▶ Ansys beats Street 4Q forecasts   [Feb-22-17 06:44PM  Associated Press]
Financial statements of ANSS
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.