Autodesk: Good buying opportunity?
some thoughts
I took a look at Autodesk (ADSK) due to current low valuation of EV/FCF of only 20. The slump in the share price came from the sharply reduced FCF forecast for fiscal year 2024 (Autodesk is currently in Q1/24). In the completed fiscal year, FCF of 2Bn was achieved, but only 1.2Bn is expected for this year.
The slump comes from a change in customer contra…
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