ADOBE INC (ADB.DE) Fundamental Analysis & Valuation

FRA:ADB • US00724F1012

Current stock price

213.9 EUR
-0.15 (-0.07%)
Last:

This ADB.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. ADB.DE Profitability Analysis

1.1 Basic Checks

  • ADB had positive earnings in the past year.
  • In the past year ADB had a positive cash flow from operations.
  • ADB had positive earnings in each of the past 5 years.
  • In the past 5 years ADB always reported a positive cash flow from operatings.
ADB.DE Yearly Net Income VS EBIT VS OCF VS FCFADB.DE 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

  • ADB has a Return On Assets of 24.17%. This is amongst the best in the industry. ADB outperforms 95.37% of its industry peers.
  • ADB has a Return On Equity of 61.34%. This is amongst the best in the industry. ADB outperforms 98.15% of its industry peers.
  • ADB has a better Return On Invested Capital (36.51%) than 98.15% of its industry peers.
  • ADB had an Average Return On Invested Capital over the past 3 years of 31.10%. This is significantly above the industry average of 13.30%.
  • The 3 year average ROIC (31.10%) for ADB 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%
ADB.DE Yearly ROA, ROE, ROICADB.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • Looking at the Profit Margin, with a value of 30.00%, ADB belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
  • ADB's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 36.63%, ADB belongs to the best of the industry, outperforming 95.37% of the companies in the same industry.
  • ADB's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 89.27%, ADB belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ADB has remained more or less at the same level.
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%
ADB.DE Yearly Profit, Operating, Gross MarginsADB.DE 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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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. ADB.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ADB is creating value.
  • The number of shares outstanding for ADB has been reduced compared to 1 year ago.
  • ADB has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ADB has a worse debt to assets ratio.
ADB.DE Yearly Shares OutstandingADB.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
ADB.DE Yearly Total Debt VS Total AssetsADB.DE 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

  • An Altman-Z score of 7.32 indicates that ADB is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of ADB (7.32) is better than 87.04% of its industry peers.
  • ADB 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.
  • ADB has a better Debt to FCF ratio (0.63) than 85.19% of its industry peers.
  • ADB has a Debt/Equity ratio of 0.53. This is a neutral value indicating ADB is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.53, ADB is doing worse than 62.96% of the companies in the same industry.
  • Even though the debt/equity ratio score it not favorable for ADB, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 0.63
Altman-Z 7.32
ROIC/WACC3.35
WACC10.89%
ADB.DE Yearly LT Debt VS Equity VS FCFADB.DE 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 ADB may have some problems paying its short term obligations.
  • ADB's Current ratio of 1.00 is on the low side compared to the rest of the industry. ADB is outperformed by 71.30% of its industry peers.
  • ADB has a Quick Ratio of 1.00. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.00, ADB is not doing good in the industry: 71.30% of the companies in the same industry are doing better.
  • The current and quick ratio evaluation for ADB 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
ADB.DE Yearly Current Assets VS Current LiabilitesADB.DE 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. ADB.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 15.30% over the past year.
  • Measured over the past years, ADB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.87% on average per year.
  • The Revenue has grown by 10.96% in the past year. This is quite good.
  • Measured over the past years, ADB 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

  • ADB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.91% yearly.
  • Based on estimates for the next years, ADB 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.
ADB.DE Yearly Revenue VS EstimatesADB.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
ADB.DE Yearly EPS VS EstimatesADB.DE 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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Find the best growth stocksShow best growing peers

9

4. ADB.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.27 indicates a reasonable valuation of ADB.
  • Compared to the rest of the industry, the Price/Earnings ratio of ADB indicates a rather cheap valuation: ADB is cheaper than 91.67% of the companies listed in the same industry.
  • ADB is valuated cheaply when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 9.14, the valuation of ADB can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, ADB is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
  • ADB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 11.27
Fwd PE 9.14
ADB.DE Price Earnings VS Forward Price EarningsADB.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ADB is valued a bit cheaper than the industry average as 71.30% of the companies are valued more expensively.
  • ADB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ADB is cheaper than 89.81% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.23
EV/EBITDA 10.42
ADB.DE Per share dataADB.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of ADB may justify a higher PE ratio.
  • ADB's earnings are expected to grow with 12.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.78
PEG (5Y)0.71
EPS Next 2Y13.62%
EPS Next 3Y12.09%

More info and screens

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

0

5. ADB.DE Dividend Analysis

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

ADB.DE Fundamentals: All Metrics, Ratios and Statistics

ADOBE INC

FRA:ADB (3/23/2026, 5:12:22 PM)

213.9

-0.15 (-0.07%)

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 Cap87.19B
Revenue(TTM)24.45B
Net Income(TTM)7.13B
Analysts75.22
Price Target358.55 (67.63%)
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)-2.58%
PT rev (3m)-9.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.39%
EPS NY rev (1m)0.02%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.03%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.62%
Valuation
Industry RankSector Rank
PE 11.27
Fwd PE 9.14
P/S 4.24
P/FCF 10.23
P/OCF 10.04
P/B 8.67
P/tB N/A
EV/EBITDA 10.42
EPS(TTM)18.98
EY8.87%
EPS(NY)23.41
Fwd EY10.94%
FCF(TTM)20.92
FCFY9.78%
OCF(TTM)21.3
OCFY9.96%
SpS50.46
BVpS24.68
TBVpS-3.67
PEG (NY)0.78
PEG (5Y)0.71
Graham Number102.65
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 7.32
F-Score7
WACC10.89%
ROIC/WACC3.35
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 / ADB.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ADOBE INC?

ChartMill assigns a fundamental rating of 7 / 10 to ADB.DE.


What is the valuation status for ADB stock?

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


Can you provide the profitability details for ADOBE INC?

ADOBE INC (ADB.DE) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for ADB stock?

The Price/Earnings (PE) ratio for ADOBE INC (ADB.DE) is 11.27 and the Price/Book (PB) ratio is 8.67.


How financially healthy is ADOBE INC?

The financial health rating of ADOBE INC (ADB.DE) is 7 / 10.