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Financial Statement Analysis of MSC Software Corp.

Financial Statement Analysis of MSC Software Corp. Candice Brown Nicole Caselli Aaron Castaneda Lavanya Sankaran. SimXpert SimDesigner FEA TFEA MVision Sofy. MSC Software Corp. Founded in 1963 by Dr. Richard MacNeal and Mr. Robert Schwendler Headquartered in Santa Ana, California

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Financial Statement Analysis of MSC Software Corp.

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  1. Financial Statement Analysis of MSC Software Corp. Candice Brown Nicole Caselli Aaron Castaneda Lavanya Sankaran

  2. SimXpert SimDesigner FEA TFEA MVision Sofy MSC Software Corp. • Founded in 1963 by Dr. Richard MacNeal and Mr. Robert Schwendler • Headquartered in Santa Ana, California • Employs more than 1,200 people in 23 countries • The leading global provider of integrated enterprise simulation solutions • Products of MSC: • SimManager • MD Solutions • SimOffice • FlightLoads • AFEA • Fatigue

  3. Ansys Inc. • Founded in 1970 • Headquartered in Canonsburg, Pennsylvania • Approximately 1,700 employees, many of whom are engineers with advanced degrees and extensive training. • Develops, markets, and supports engineering simulation software used to predict how product designs will operate and how manufacturing processes will behave in real-world environments.

  4. Parametric Technology Corp. (PTC) • Founded in 1985 • Headquartered in Boston, Massachusetts • Design engineering software • Among the largest independent software companies in the world • Develops, markets and supports software solutions that help customers improve the competitiveness of their products and product development processes. • Started acquiring different design companies in 2004 and have acquired 10 since then.

  5. Current Ratio 2006: 1.811 2007: 1.910 2008: 2.070

  6. Debt/Equity Ratio • 2006: 47.60% • 2007: 46.00% • 2008: 43.00%

  7. Profit Margin • 2006: 5.30% • 2007: 0.60% • 2008: -8.40%

  8. Cost of Sales • 2006: 22.40% • 2007: 18.80% • 2008: 18.90%

  9. Return on Assets (ROA) • 2006: 3.50% • 2007: -0.20% • 2008: 3.60%

  10. Return on Equity (ROE) • 2006: 4.40% • 2007: -0.50% • 2008: -6.80%

  11. PE Ratio *2006: 43.03% *2007: -299.50 *2008: -14.38%

  12. Conclusion • Individual numbers are inconclusive • Trends show improvement • Comparison with competitors shows a fiscal advantage • Overall, MSC Software is a successful company in the software industry. • Acquisitions resulted in significant losses however, in the long run the ratios indicate profitability is increasing. • For investors, this is a prime time to buy shares of MSC stock.

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