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Aspen Technology Inc Stock Research

AZPN

201.88USD-1.32(-0.65%)Market Closed

Market Summary

USD201.88-1.32
Market Closed
-0.65%

AZPN Stock Price

AZPN RSI Chart

AZPN Valuation

Market Cap

12.1B

Price/Earnings (Trailing)

44.35

Price/Sales (Trailing)

17.39

EV/EBITDA

35.53

Price/Free Cashflow

46.97

AZPN Price/Sales (Trailing)

AZPN Profitability

Free Cashflow Yield

2.13%

AZPN Fundamentals

AZPN Revenue

AZPN Earnings

Price Action

52 Week Range

145.82263.59
(Low)(High)

Last 7 days

-5.9%

Last 30 days

-3.1%

Last 90 days

-10.8%

Trailing 12 Months

49.1%

AZPN Financial Health

AZPN Investor Care

Peers (Alternatives to Aspen Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
-1.92% -6.89%
30.5
10.08
10.38% -5.25%
228.6B
46.1B
-7.20% 4.35%
25.98
4.96
11.29% -14.28%
186.7B
31.4B
6.91% -6.75%
897.78
5.96
19.41% -85.60%
163.2B
17.6B
-11.04% -20.88%
34.32
9.27
11.54% -1.37%
20.9B
4.4B
-7.13% -28.23%
201.15
4.75
7.15% -92.46%
12.1B
-
-3.12% 49.09%
44.35
17.39
- -
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
8.9B
767.1M
-2.98% 9.04%
69.2
11.63
15.59% 16.73%
6.5B
869.9M
3.14% -9.62%
-33
7.53
13.87% -103.37%
3.1B
468.0M
2.00% -15.48%
-20.53
6.62
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.2B
383.7M
4.07% -32.35%
-9.91
3.24
14.43% -50.89%
1.2B
399.9M
30.95% 57.36%
-14.32
2.91
4.73% 8.15%
152.1M
317.3M
-43.48% -70.17%
-2.22
0.48
5.06% -17.52%

Financials for Aspen Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q12021Q42021Q32021Q22021Q1
Revenue3.7%693668730709713
Cost Of Revenue-4.0%58.0060.0060.0060.0061.00
Gross Profit4.5%635608671649652
Operating Expenses4.8%340325307291284
  S&GA Expenses2.9%127123119115111
EBITDA3.8%338326---
EBITDA Margin0.0%0.49*0.49*---
Earnings Before Taxes3.9%321309392385395
EBT Margin0.2%0.46*0.46*---
Interest Expenses1.3%6.006.007.007.008.00
Net Income4.9%272259326320319
Net Income Margin1.1%0.39*0.39*---
Free Cahsflow-6.5%257274---
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q12021Q42021Q32021Q22021Q1
Assets5.9%1,3811,3041,3201,4541,373
  Current Assets18.2%695588610768687
    Cash Equivalents34.9%285211248380317
  Net PPE-1.9%5.005.005.006.006.00
  Goodwill0.8%158157157160158
  Current Liabilities-1.2%171173180142127
.    Short Term Borrowings8.3%26.0024.0022.0020.0018.00
  Long Term Debt-3.0%253261267273279
Shareholder's Equity12.0%775692692801733
  Retained Earnings4.0%1,9551,8791,8181,7781,683
  Additional Paid-In Capital2.7%851829826820800
Accumulated Depreciation1.0%43.0042.0043.0043.0044.00
Shares Outstanding-0.1%67.0067.0067.0068.0068.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q12021Q42021Q32021Q22021Q1
Cashflow From Operations-6.4%258276272276273
  Share Based Compensation-4.1%35.0036.0037.0034.0032.00
Cashflow From Investing19.8%-3.07-3.83-19.24-19.78-19.00
Cashflow From Financing-3.4%-286-276-322-165-129
  Buy Backs0%28028020046.002.00

Risks for AZPN

What is the probability of a big loss on AZPN?

50%


Probability that Aspen Tech stock will be more than 20% underwater in next one year

36.1%


Probability that Aspen Tech stock will be more than 30% underwater in next one year.

18.1%


Probability that Aspen Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AZPN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Aspen Tech was unfortunately bought at previous high price.

Drawdowns

Returns for AZPN

Cumulative Returns on AZPN

20.2%


10-Year Cumulative Returns

28.7%


7-Year Cumulative Returns

20.3%


5-Year Cumulative Returns

28.5%


3-Year Cumulative Returns

What are the long-term rolling returns for AZPN?

FIve years rolling returns for Aspen Tech.

Annualized Returns

Which funds bought or sold AZPN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-02-14
Park Place Capital Corp
sold off
-
-
-
-%
2023-02-14
EARNEST PARTNERS LLC
sold off
-100
-5,000
-
-%
2023-02-09
HUNTINGTON NATIONAL BANK
unchanged
-
166
166
-%
2023-02-07
IFP Advisors, Inc
sold off
-100
-7,000
-
-%
2023-02-06
Harvest Fund Management Co., Ltd
reduced
-2.16
-54,000
78,000
0.02%
2023-01-18
Stuart Chaussee & Associates, Inc.
unchanged
-
-303
3,697
-%
2022-10-18
Karp Capital Management Corp
new
-
4,000
4,000
-%
2022-07-28
Private Capital Group, LLC
sold off
-100
-4,000
-
-%
2022-07-19
Icon Wealth Partners, LLC
sold off
-100
-676,000
-
-%
2022-07-15
Cordasco Financial Network
sold off
-100
-16,000
-
-%

1–10 of 27

Latest Funds Activity

Are funds buying AZPN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AZPN
No. of Funds

Aspen Tech News

Seeking Alpha

Aspen Technology: Surging Software Stock Bucks Bearish Trend ....

Seeking Alpha,
5 months ago

Investor's Business Daily

InvestorPlace

The Business Journals

Business Insider

Yahoo Finance

Yahoo Finance

The Business Journals

Schedule 13G FIlings of Aspen Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
kayne anderson rudnick investment management llc
4.67%
3,011,234
SC 13G/A
Jun 09, 2022
blackrock inc.
0.0%
0
SC 13G/A
May 09, 2022
blackrock inc.
10.0%
6,664,554
SC 13G
Feb 14, 2022
bluespruce investments, lp
0%
0
SC 13G/A
Feb 14, 2022
kayne anderson rudnick investment management llc
10.03%
6,710,218
SC 13G/A
Feb 09, 2022
vanguard group inc
9.39%
6,284,669
SC 13G/A
Feb 01, 2022
blackrock inc.
9.3%
6,237,913
SC 13G/A
Dec 10, 2021
kayne anderson rudnick investment management llc
10.09%
6,750,515
SC 13G/A
Mar 10, 2021
kayne anderson rudnick investment management llc
10.01%
6,787,809
SC 13G/A
Feb 12, 2021
bluespruce investments, lp
1.3%
896,965
SC 13G/A

AZPN Fair Value

Aspen Tech fair value in different scenarios

The table shows the Fair Value estimates for Aspen Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

56.38

-72.07%

77.74

-61.49%

95.72

-52.59%

129.87

-35.67%

159.94

-20.77%
Current Inflation

51.38

-74.55%

69.48

-65.58%

84.12

-58.33%

113.10

-43.98%

138.22

-31.53%
Very High Inflation

45.26

-77.58%

59.63

-70.46%

70.59

-65.03%

93.70

-53.59%

113.32

-43.87%

Historical Aspen Tech Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Aspen Tech

View All Filings
Date Filed Form Type Document
Feb 14, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for AZPN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-05-16
CASEY DONALD P
back to issuer
-
-
-9,363
-
2022-05-16
Chawla Manish
back to issuer
-
-
-9,263
chief revenue officer
2022-05-16
Keresty Georgia
back to issuer
-
-
-3,465
-
2022-05-16
Smith Jill D.
back to issuer
-
-
-1,647
-
2022-05-16
WISE R HALSEY
back to issuer
-
-
-7,861
-
2022-05-16
Breithaupt Chantelle Yvette
back to issuer
-
-
-26,899
svp, chief financial officer
2022-05-16
Stagno Christopher
back to issuer
-
-
-4,457
svp, chief accounting officer
2022-05-16
Pietri Antonio J
back to issuer
-
-
-257,078
president & ceo
2022-05-16
Hammond F G
back to issuer
-
-
-28,959
senior vp & general counsel
2022-05-16
Whelan, Jr. Robert M.
back to issuer
-
-
-13,691
-

1–10 of 50

Antonio J. Pietri
1900
Aspen Technology, Inc., together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments. The company's software suites include aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance that are integrated applications, which allow end users to design process manufacturing environments, monitor operational performances, respond and adapt to operational changes, predict asset reliability and equipment failure, and manage planning and scheduling activities, as well as collaborate across these functions and activities. It also provides software maintenance and support, professional, and training services. The company's customers comprise companies that are engaged in the process and other capital-intensive industries, such as energy, chemicals, engineering, and construction, as well as pharmaceuticals, food and beverage, transportation, power, metals and mining, pulp and paper, and consumer packaged goods. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts.

AZPN Income Statement

2022-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue$ 187,753$ 162,726$ 495,129$ 511,415
Cost of revenue:    
Total cost of revenue13,62216,05543,40145,836
Gross profit174,131146,671451,728465,579
Operating expenses:    
Selling and marketing33,97730,34594,08882,092
Research and development28,70425,87480,97570,576
General and administrative30,69421,55387,54260,389
Total operating expenses93,37577,772262,605213,057
Income from operations80,75668,899189,123252,522
Interest income8,2878,41025,64626,383
Interest (expense)(1,572)(1,495)(4,626)(5,639)
Other income (expense), net522(5)(2,107)(1,807)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest87,99375,809208,036271,459
Provision for income taxes12,87013,31431,65047,101
Net income$ 75,123$ 62,495$ 176,386$ 224,358
Net income per common share:    
Basic (in dollars per share)$ 1.13$ 0.92$ 2.64$ 3.31
Diluted (in dollars per share)$ 1.12$ 0.91$ 2.62$ 3.28
Weighted average shares outstanding:    
Basic (in shares)66,59467,92066,79167,809
Diluted (in shares)67,01468,60867,24168,439
License [Member]    
Revenue:    
Total revenue$ 130,032$ 110,104$ 327,247$ 352,133
Cost of revenue:    
Total cost of revenue4892,4855,2916,859
Maintenance [Member]    
Revenue:    
Total revenue50,01745,885146,615139,561
Cost of revenue:    
Total cost of revenue4,7605,17413,67414,066
Services and other    
Revenue:    
Total revenue7,7046,73721,26719,721
Cost of revenue:    
Total cost of revenue$ 8,373$ 8,396$ 24,436$ 24,911

AZPN Balance Sheet

2022-03-31
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Current assets:  
Cash and cash equivalents$ 285,217$ 379,853
Accounts receivable, net49,18252,502
Current contract assets, net345,633308,607
Prepaid expenses and other current assets11,84812,716
Prepaid income taxes3,15414,639
Total current assets695,034768,317
Property, equipment and leasehold improvements, net4,6505,610
Computer software development costs, net1,0031,461
Goodwill157,855159,852
Intangible assets, net37,73744,327
Non-current contract assets, net416,604407,180
Contract costs30,27429,056
Operating lease right-of-use assets31,60932,539
Deferred tax assets2,1572,121
Other non-current assets4,0943,537
Total assets1,381,0171,454,000
Current liabilities:  
Accounts payable7,1764,367
Accrued expenses and other current liabilities46,16150,575
Current operating lease liabilities7,1196,751
Income taxes payable33,6493,444
Current borrowings26,00020,000
Current deferred revenue50,56956,393
Total current liabilities170,674141,530
Non-current deferred revenue12,11411,732
Deferred income tax liabilities139,921193,360
Non-current operating lease liabilities27,76129,699
Non-current borrowings, net253,412273,162
Other non-current liabilities2,2803,760
Commitments and contingencies (Note 16)
Series D redeemable convertible preferred stock  
Temporary Equity, Carrying Amount, Attributable to Parent00
Stockholders' equity:  
Common Stock, Value, Issued10,48510,455
Additional paid-in capital850,948819,642
Retained earnings1,954,5191,778,133
Accumulated other comprehensive income5,0919,026
Treasury Stock, Value(2,046,188)(1,816,499)
Total stockholders’ equity774,855800,757
Total liabilities and stockholders’ equity$ 1,381,017$ 1,454,000
Series D redeemable convertible preferred stock, par value (in dollars per share)$ 0.10$ 0.10
Series D redeemable convertible preferred stock, authorized3,6363,636
Series D redeemable convertible preferred stock, issued00
Series D redeemable convertible preferred stock, outstanding00
Common stock, par value (in dollars per share)$ 0.10$ 0.10
Common stock, authorized210,000,000210,000,000
Common stock, issued104,845,904104,543,414
Common stock, outstanding66,607,77967,912,160
Treasury stock, shares38,238,12536,631,254