This issue came up because I requested that he should also provide me an AutoCAD file together with the six blueprint copies he gave me. I am building a house for my five younger brothers and the 74-year old architect who did the architectural/structural plan informed me that he used DraftSight Professional instead of AutoCAD.
Other Firms Now Offer Free or Cheap AutoCAD Alternatives Autodesk's fundamental numbers are just terrible when compared to its sector and industry peers.ĪDSK is still trading at a very high P/E valuation in spite of its poor quality and growth performance indicators.
The company's growth prospect is heavily handicapped by the presence of cheaper alternative products. There are dozens of firms that are not included in Yahoo Finance's chart of competitors of Autodesk.Ĭonsequently, the crowded-space nature of the CAD/CAM software industry is probably one major reason why Alpha Omega Mathematica rates ADSK as a Sell. While Autodesk can keep increasing its sales, other CAD/CAM software vendors are growing faster in terms of revenue and net income growth. The CAD/CAM industry is full of hungry rivals that are slowly eating into Autodesk's profit margins. The charts below are based on Autodesk's Q3 earnings report. A market correction might eventually happen once more investors realize that Autodesk's stock price is not in line with the company's declining profitability trend. The chart below should be a loud warning that ADSK is a dangerous bet.ĪDSK's average stock price went up consistently despite the company's declining net income performance since Q1 2013. The high valuation of this software sales-dependent company is dangerous considering that AutoCAD products are no longer as dominant as they used to be. It is my strong opinion that Autodesk ( NASDAQ: ADSK) is a bad investment candidate right now.
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