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Ansys Inc - Stock Quote ANSS

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Morningstar's Ansys Inc Stock Analysis

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PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Ansys Demonstrates Strong First-Quarter Demand Despite Macroeconomic Conditions; Shares Overvalued

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Wide-moat Ansys opened its fiscal year on a positive note by posting first-quarter results that surpassed management's guidance in all metrics, most notably in annual contract value. Additionally, management raised guidance for the full fiscal year in ACV, revenue, earnings per share, and operating cash flows with all metrics at constant currency. On a nonconstant currency basis, the outlook is materially impacted by the strengthening of the U.S. dollar and accounts for an estimated $47 million in foreign exchange headwinds to ACV. Full-year revenue also stands to be impacted by macroeconomic conditions, with an estimated $15 million impact stemming from Russia and Belarus sanctions, coupled with $45 million in foreign exchange headwinds. As such, we are maintaining our $242 fair value estimate for Ansys. Shares are trading down to around $270 per share, and we continue to view shares as overvalued.

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Ansys Inc's Company Profile

Business Description

Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties. Ansys employs over 4,000 people and serves over 50,000 customers globally, including those in aerospace defense and automotive.

Contact
2600 ANSYS Drive
Canonsburg, PA, 15317
T +1 844 462-6797
Sector Technology
Industry Software - Application
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 5,200

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