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  "documentTitle": "Autodesk, Inc. (ADSK)",
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  "authorName": "Jeffrey Smith",
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  "presentationDate": "2024-06-17 00:00:00",
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      "text": "As a result of the Company’s subpar performance, Autodesk shareholders have suffered. As shown below, Autodesk’s share price has meaningfully underperformed its peers, the software market, and the broader market over the last five years.",
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      "text": "FY2026 FCF Target: $3.2bn",
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      "text": "As a result of this poor performance, Autodesk now trades at a meaningful discount to its peer set. We believe Autodesk is a higher-quality business than many of the companies shown below, but it trades at a lower multiple given its subpar execution, investors' lack of faith in improved",
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