ADOBE INC (1ADBE.MI) Fundamental Analysis & Valuation

BIT:1ADBE • US00724F1012

Current stock price

208.3 EUR
+2.2 (+1.07%)
Last:

This 1ADBE.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. 1ADBE.MI Profitability Analysis

1.1 Basic Checks

  • In the past year 1ADBE was profitable.
  • 1ADBE had a positive operating cash flow in the past year.
  • Each year in the past 5 years 1ADBE has been profitable.
  • 1ADBE had a positive operating cash flow in each of the past 5 years.
1ADBE.MI Yearly Net Income VS EBIT VS OCF VS FCF1ADBE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • 1ADBE's Return On Assets of 24.17% is amongst the best of the industry. 1ADBE outperforms 94.69% of its industry peers.
  • 1ADBE has a Return On Equity of 61.34%. This is amongst the best in the industry. 1ADBE outperforms 95.58% of its industry peers.
  • With an excellent Return On Invested Capital value of 36.51%, 1ADBE belongs to the best of the industry, outperforming 97.35% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1ADBE is significantly above the industry average of 13.30%.
  • The 3 year average ROIC (31.10%) for 1ADBE is below the current ROIC(36.51%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 24.17%
ROE 61.34%
ROIC 36.51%
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
1ADBE.MI Yearly ROA, ROE, ROIC1ADBE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • With an excellent Profit Margin value of 30.00%, 1ADBE belongs to the best of the industry, outperforming 92.04% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 1ADBE has declined.
  • Looking at the Operating Margin, with a value of 36.63%, 1ADBE belongs to the top of the industry, outperforming 94.69% of the companies in the same industry.
  • In the last couple of years the Operating Margin of 1ADBE has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 89.27%, 1ADBE belongs to the top of the industry, outperforming 85.84% of the companies in the same industry.
  • 1ADBE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 36.63%
PM (TTM) 30%
GM 89.27%
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
1ADBE.MI Yearly Profit, Operating, Gross Margins1ADBE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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7

2. 1ADBE.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 1ADBE is creating value.
  • 1ADBE has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, 1ADBE has less shares outstanding
  • Compared to 1 year ago, 1ADBE has a worse debt to assets ratio.
1ADBE.MI Yearly Shares Outstanding1ADBE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
1ADBE.MI Yearly Total Debt VS Total Assets1ADBE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • 1ADBE has an Altman-Z score of 7.21. This indicates that 1ADBE is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 7.21, 1ADBE belongs to the best of the industry, outperforming 87.61% of the companies in the same industry.
  • 1ADBE has a debt to FCF ratio of 0.63. This is a very positive value and a sign of high solvency as it would only need 0.63 years to pay back of all of its debts.
  • 1ADBE has a better Debt to FCF ratio (0.63) than 83.19% of its industry peers.
  • A Debt/Equity ratio of 0.53 indicates that 1ADBE is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.53, 1ADBE is doing worse than 68.14% of the companies in the same industry.
  • Although 1ADBE's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 0.63
Altman-Z 7.21
ROIC/WACC3.32
WACC10.99%
1ADBE.MI Yearly LT Debt VS Equity VS FCF1ADBE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.00 indicates that 1ADBE may have some problems paying its short term obligations.
  • 1ADBE has a worse Current ratio (1.00) than 74.34% of its industry peers.
  • A Quick Ratio of 1.00 indicates that 1ADBE may have some problems paying its short term obligations.
  • 1ADBE has a worse Quick ratio (1.00) than 74.34% of its industry peers.
  • The current and quick ratio evaluation for 1ADBE is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1
1ADBE.MI Yearly Current Assets VS Current Liabilites1ADBE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. 1ADBE.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 15.30% over the past year.
  • 1ADBE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.87% yearly.
  • 1ADBE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.96%.
  • Measured over the past years, 1ADBE shows a quite strong growth in Revenue. The Revenue has been growing by 13.06% on average per year.
EPS 1Y (TTM)15.3%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%19.29%
Revenue 1Y (TTM)10.96%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%11.97%

3.2 Future

  • Based on estimates for the next years, 1ADBE will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.91% on average per year.
  • Based on estimates for the next years, 1ADBE will show a quite strong growth in Revenue. The Revenue will grow by 8.02% on average per year.
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue Next Year9.98%
Revenue Next 2Y9.39%
Revenue Next 3Y9.13%
Revenue Next 5Y8.02%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
1ADBE.MI Yearly Revenue VS Estimates1ADBE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
1ADBE.MI Yearly EPS VS Estimates1ADBE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40

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9

4. 1ADBE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.94, the valuation of 1ADBE can be described as reasonable.
  • Based on the Price/Earnings ratio, 1ADBE is valued cheaply inside the industry as 92.04% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 24.89. 1ADBE is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 8.87, the valuation of 1ADBE can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, 1ADBE is valued cheaper than 92.92% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. 1ADBE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.94
Fwd PE 8.87
1ADBE.MI Price Earnings VS Forward Price Earnings1ADBE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1ADBE indicates a somewhat cheap valuation: 1ADBE is cheaper than 74.34% of the companies listed in the same industry.
  • 1ADBE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 1ADBE is cheaper than 89.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.93
EV/EBITDA 10.11
1ADBE.MI Per share data1ADBE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • 1ADBE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • 1ADBE has an outstanding profitability rating, which may justify a higher PE ratio.
  • 1ADBE's earnings are expected to grow with 12.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.76
PEG (5Y)0.69
EPS Next 2Y13.62%
EPS Next 3Y12.09%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. 1ADBE.MI Dividend Analysis

5.1 Amount

  • 1ADBE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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1ADBE.MI Fundamentals: All Metrics, Ratios and Statistics

ADOBE INC

BIT:1ADBE (3/26/2026, 7:00:00 PM)

208.3

+2.2 (+1.07%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)03-12
Earnings (Next)06-10
Inst Owners86.91%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap84.91B
Revenue(TTM)24.45B
Net Income(TTM)7.13B
Analysts75.22
Price Target358.89 (72.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.25%
Min EPS beat(2)-0.04%
Max EPS beat(2)0.55%
EPS beat(4)2
Avg EPS beat(4)0.15%
Min EPS beat(4)-0.06%
Max EPS beat(4)0.55%
EPS beat(8)6
Avg EPS beat(8)0.35%
EPS beat(12)10
Avg EPS beat(12)0.6%
EPS beat(16)11
Avg EPS beat(16)0.38%
Revenue beat(2)0
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-0.6%
Max Revenue beat(2)-0.59%
Revenue beat(4)0
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)-0.56%
Revenue beat(8)0
Avg Revenue beat(8)-0.95%
Revenue beat(12)0
Avg Revenue beat(12)-1.09%
Revenue beat(16)0
Avg Revenue beat(16)-1.22%
PT rev (1m)-2.52%
PT rev (3m)-5.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.03%
EPS NY rev (1m)0.02%
EPS NY rev (3m)0.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.02%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE 10.94
Fwd PE 8.87
P/S 4.11
P/FCF 9.93
P/OCF 9.75
P/B 8.41
P/tB N/A
EV/EBITDA 10.11
EPS(TTM)19.04
EY9.14%
EPS(NY)23.48
Fwd EY11.27%
FCF(TTM)20.99
FCFY10.07%
OCF(TTM)21.37
OCFY10.26%
SpS50.63
BVpS24.76
TBVpS-3.68
PEG (NY)0.76
PEG (5Y)0.69
Graham Number102.99
Profitability
Industry RankSector Rank
ROA 24.17%
ROE 61.34%
ROCE 45.12%
ROIC 36.51%
ROICexc 55.47%
ROICexgc N/A
OM 36.63%
PM (TTM) 30%
GM 89.27%
FCFM 41.45%
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
ROICexc(3y)49.26%
ROICexc(5y)43.65%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)38.43%
ROCE(5y)35.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y13.31%
ROICexc growth 5Y14.65%
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
F-Score7
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 0.63
Debt/EBITDA 0.65
Cap/Depr 21.88%
Cap/Sales 0.75%
Interest Coverage 250
Cash Conversion 105.32%
Profit Quality 138.18%
Current Ratio 1
Quick Ratio 1
Altman-Z 7.21
F-Score7
WACC10.99%
ROIC/WACC3.32
Cap/Depr(3y)28.17%
Cap/Depr(5y)36.06%
Cap/Sales(3y)1.15%
Cap/Sales(5y)1.63%
Profit Quality(3y)135.89%
Profit Quality(5y)141.18%
High Growth Momentum
Growth
EPS 1Y (TTM)15.3%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%19.29%
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue 1Y (TTM)10.96%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%11.97%
Revenue Next Year9.98%
Revenue Next 2Y9.39%
Revenue Next 3Y9.13%
Revenue Next 5Y8.02%
EBIT growth 1Y12.47%
EBIT growth 3Y12.6%
EBIT growth 5Y14.5%
EBIT Next Year13.1%
EBIT Next 3Y8.83%
EBIT Next 5Y9.3%
FCF growth 1Y25.14%
FCF growth 3Y10.03%
FCF growth 5Y13.17%
OCF growth 1Y24.52%
OCF growth 3Y8.57%
OCF growth 5Y11.86%

ADOBE INC / 1ADBE.MI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ADOBE INC (1ADBE.MI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to 1ADBE.MI.


What is the valuation status of ADOBE INC (1ADBE.MI) stock?

ChartMill assigns a valuation rating of 9 / 10 to ADOBE INC (1ADBE.MI). This can be considered as Undervalued.


How profitable is ADOBE INC (1ADBE.MI) stock?

ADOBE INC (1ADBE.MI) has a profitability rating of 9 / 10.


What is the valuation of ADOBE INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ADOBE INC (1ADBE.MI) is 10.94 and the Price/Book (PB) ratio is 8.41.