ADOBE INC (ADB.DE) Fundamental Analysis & Valuation
FRA:ADB • US00724F1012
Current stock price
208.35 EUR
+2.35 (+1.14%)
Last:
This ADB.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. ADB.DE Profitability Analysis
1.1 Basic Checks
- In the past year ADB was profitable.
- In the past year ADB had a positive cash flow from operations.
- Each year in the past 5 years ADB has been profitable.
- In the past 5 years ADB always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of ADB (24.27%) is better than 97.32% of its industry peers.
- With an excellent Return On Equity value of 63.05%, ADB belongs to the best of the industry, outperforming 98.21% of the companies in the same industry.
- ADB's Return On Invested Capital of 39.60% is amongst the best of the industry. ADB outperforms 99.11% 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 12.32%.
- The 3 year average ROIC (31.10%) for ADB is below the current ROIC(39.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.27% | ||
| ROE | 63.05% | ||
| ROIC | 39.6% |
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
1.3 Margins
- The Profit Margin of ADB (29.48%) is better than 95.54% of its industry peers.
- In the last couple of years the Profit Margin of ADB has declined.
- Looking at the Operating Margin, with a value of 36.65%, ADB belongs to the top of the industry, outperforming 97.32% 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 89.40%, ADB belongs to the top of the industry, outperforming 86.61% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.65% | ||
| PM (TTM) | 29.48% | ||
| GM | 89.4% |
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
2. ADB.DE Health Analysis
2.1 Basic Checks
- ADB has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- ADB has less shares outstanding than it did 1 year ago.
- ADB has less shares outstanding than it did 5 years ago.
- ADB has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 7.21 indicates that ADB is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 7.21, ADB belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
- The Debt to FCF ratio of ADB is 0.60, which is an excellent value as it means it would take ADB, only 0.60 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.60, ADB belongs to the top of the industry, outperforming 83.04% of the companies in the same industry.
- ADB has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.47, ADB is doing worse than 63.39% of the companies in the same industry.
- Although ADB'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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.6 | ||
| Altman-Z | 7.21 |
ROIC/WACC3.68
WACC10.77%
2.3 Liquidity
- ADB has a Current Ratio of 0.91. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
- ADB has a Current ratio of 0.91. This is in the lower half of the industry: ADB underperforms 75.00% of its industry peers.
- A Quick Ratio of 0.91 indicates that ADB may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.91, ADB is doing worse than 74.11% of the companies in the same industry.
- ADB does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 |
3. ADB.DE Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 15.30% over the past year.
- The Earnings Per Share has been growing by 15.87% on average over the past years. This is quite good.
- ADB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.96%.
- ADB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.06% yearly.
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 9.65% yearly.
- The Revenue is expected to grow by 9.93% on average over the next years. This is quite good.
EPS Next Y14.67%
EPS Next 2Y13.37%
EPS Next 3Y12.96%
EPS Next 5Y9.65%
Revenue Next Year9.92%
Revenue Next 2Y9.34%
Revenue Next 3Y9.01%
Revenue Next 5Y9.93%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. ADB.DE Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 11.16, the valuation of ADB can be described as very reasonable.
- Compared to the rest of the industry, the Price/Earnings ratio of ADB indicates a rather cheap valuation: ADB is cheaper than 92.86% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.91. ADB is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 9.09 indicates a reasonable valuation of ADB.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ADB indicates a rather cheap valuation: ADB is cheaper than 92.86% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 21.99. ADB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.16 | ||
| Fwd PE | 9.09 |
4.2 Price Multiples
- ADB's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ADB is cheaper than 79.46% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, ADB is valued cheaper than 91.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.59 | ||
| EV/EBITDA | 9.92 |
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.
- ADB has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as ADB's earnings are expected to grow with 12.96% in the coming years.
PEG (NY)0.76
PEG (5Y)0.7
EPS Next 2Y13.37%
EPS Next 3Y12.96%
5. ADB.DE Dividend Analysis
5.1 Amount
- No dividends for ADB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
ADB.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:ADB (4/28/2026, 7:00:00 PM)
208.35
+2.35 (+1.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)03-12 2026-03-12/amc
Earnings (Next)06-10 2026-06-10/amc
Inst Owners88.63%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap84.22B
Revenue(TTM)24.45B
Net Income(TTM)7.21B
Analysts72.44
Price Target280.82 (34.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)0.56%
Min EPS beat(2)-0.04%
Max EPS beat(2)1.17%
EPS beat(4)2
Avg EPS beat(4)0.4%
Min EPS beat(4)-0.06%
Max EPS beat(4)1.17%
EPS beat(8)6
Avg EPS beat(8)0.46%
EPS beat(12)10
Avg EPS beat(12)0.6%
EPS beat(16)12
Avg EPS beat(16)0.52%
Revenue beat(2)0
Avg Revenue beat(2)-0.32%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)-0.05%
Revenue beat(4)0
Avg Revenue beat(4)-0.45%
Min Revenue beat(4)-0.6%
Max Revenue beat(4)-0.05%
Revenue beat(8)0
Avg Revenue beat(8)-0.81%
Revenue beat(12)0
Avg Revenue beat(12)-0.99%
Revenue beat(16)0
Avg Revenue beat(16)-1.13%
PT rev (1m)-21.68%
PT rev (3m)-25.29%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)2.77%
EPS NY rev (1m)0.24%
EPS NY rev (3m)0.26%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.53%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.16 | ||
| Fwd PE | 9.09 | ||
| P/S | 4.05 | ||
| P/FCF | 9.59 | ||
| P/OCF | 9.42 | ||
| P/B | 8.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.92 |
EPS(TTM)18.67
EY8.96%
EPS(NY)22.92
Fwd EY11%
FCF(TTM)21.72
FCFY10.43%
OCF(TTM)22.12
OCFY10.62%
SpS51.49
BVpS24.07
TBVpS-3.98
PEG (NY)0.76
PEG (5Y)0.7
Graham Number100.565 (-51.73%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.27% | ||
| ROE | 63.05% | ||
| ROCE | 48.93% | ||
| ROIC | 39.6% | ||
| ROICexc | 63.48% | ||
| ROICexgc | N/A | ||
| OM | 36.65% | ||
| PM (TTM) | 29.48% | ||
| GM | 89.4% | ||
| FCFM | 42.19% |
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-Score8
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.6 | ||
| Debt/EBITDA | 0.55 | ||
| Cap/Depr | 24.52% | ||
| Cap/Sales | 0.78% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 107.92% | ||
| Profit Quality | 143.13% | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z | 7.21 |
F-Score8
WACC10.77%
ROIC/WACC3.68
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 Y14.67%
EPS Next 2Y13.37%
EPS Next 3Y12.96%
EPS Next 5Y9.65%
Revenue 1Y (TTM)10.96%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%11.97%
Revenue Next Year9.92%
Revenue Next 2Y9.34%
Revenue Next 3Y9.01%
Revenue Next 5Y9.93%
EBIT growth 1Y12.05%
EBIT growth 3Y12.6%
EBIT growth 5Y14.5%
EBIT Next Year13.91%
EBIT Next 3Y8.56%
EBIT Next 5Y9.31%
FCF growth 1Y59.04%
FCF growth 3Y10.03%
FCF growth 5Y13.17%
OCF growth 1Y54.9%
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.
What is the profitability of ADB stock?
ADOBE INC (ADB.DE) 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 (ADB.DE) is 11.16 and the Price/Book (PB) ratio is 8.65.