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

BIT:1ADBE • US00724F1012

Current stock price

209.25 EUR
-1.55 (-0.74%)
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

  • 1ADBE had positive earnings in the past year.
  • 1ADBE had a positive operating cash flow in the past year.
  • 1ADBE had positive earnings in each of the past 5 years.
  • In the past 5 years 1ADBE always reported a positive cash flow from operatings.
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

  • With an excellent Return On Assets value of 24.27%, 1ADBE belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
  • 1ADBE has a better Return On Equity (63.05%) than 96.36% of its industry peers.
  • The Return On Invested Capital of 1ADBE (39.60%) is better than 97.27% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for 1ADBE is significantly above the industry average of 13.72%.
  • The last Return On Invested Capital (39.60%) for 1ADBE is above the 3 year average (31.10%), which is a sign of increasing profitability.
Industry RankSector 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%
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

  • Looking at the Profit Margin, with a value of 29.48%, 1ADBE belongs to the top of the industry, outperforming 91.82% of the companies in the same industry.
  • 1ADBE's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 36.65%, 1ADBE belongs to the best of the industry, outperforming 94.55% of the companies in the same industry.
  • 1ADBE's Operating Margin has been stable in the last couple of years.
  • 1ADBE has a better Gross Margin (89.40%) than 86.36% of its industry peers.
  • 1ADBE's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. 1ADBE.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
  • 1ADBE has a worse debt/assets ratio than last year.
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 7.24. This indicates that 1ADBE is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 7.24, 1ADBE belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
  • The Debt to FCF ratio of 1ADBE is 0.60, which is an excellent value as it means it would take 1ADBE, only 0.60 years of fcf income to pay off all of its debts.
  • 1ADBE's Debt to FCF ratio of 0.60 is amongst the best of the industry. 1ADBE outperforms 86.36% of its industry peers.
  • 1ADBE 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, 1ADBE is doing worse than 64.55% 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 0.47
Debt/FCF 0.6
Altman-Z 7.24
ROIC/WACC3.64
WACC10.89%
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

  • 1ADBE has a Current Ratio of 0.91. This is a bad value and indicates that 1ADBE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • 1ADBE has a worse Current ratio (0.91) than 78.18% of its industry peers.
  • 1ADBE has a Quick Ratio of 0.91. This is a bad value and indicates that 1ADBE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • 1ADBE's Quick ratio of 0.91 is on the low side compared to the rest of the industry. 1ADBE is outperformed by 76.36% 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 0.91
Quick Ratio 0.91
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.
  • The Earnings Per Share has been growing by 15.87% on average over the past years. This is quite good.
  • The Revenue has grown by 10.96% in the past year. This is quite good.
  • 1ADBE 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

  • 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

  • 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.
  • 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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Find the best growth stocksShow best growing peers

9

4. 1ADBE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.02, the valuation of 1ADBE can be described as reasonable.
  • 91.82% of the companies in the same industry are more expensive than 1ADBE, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.21. 1ADBE is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 8.94, which indicates a very decent valuation of 1ADBE.
  • Based on the Price/Forward Earnings ratio, 1ADBE is valued cheaper than 91.82% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of 1ADBE to the average of the S&P500 Index (23.10), we can say 1ADBE is valued rather cheaply.
Industry RankSector Rank
PE 11.02
Fwd PE 8.94
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

  • Based on the Enterprise Value to EBITDA ratio, 1ADBE is valued a bit cheaper than 75.45% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, 1ADBE is valued cheaply inside the industry as 89.09% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.56
EV/EBITDA 10
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)0.77
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

  • No dividends for 1ADBE!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

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

ADOBE INC

BIT:1ADBE (4/2/2026, 7:00:00 PM)

209.25

-1.55 (-0.74%)

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 Cap85.30B
Revenue(TTM)24.45B
Net Income(TTM)7.21B
Analysts72.44
Price Target358.89 (71.51%)
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)0.56%
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)0%
PT rev (3m)-5.6%
EPS NQ rev (1m)2.7%
EPS NQ rev (3m)2.6%
EPS NY rev (1m)0%
EPS NY rev (3m)0.01%
Revenue NQ rev (1m)0.5%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE 11.02
Fwd PE 8.94
P/S 4.03
P/FCF 9.56
P/OCF 9.38
P/B 8.62
P/tB N/A
EV/EBITDA 10
EPS(TTM)18.98
EY9.07%
EPS(NY)23.4
Fwd EY11.18%
FCF(TTM)21.9
FCFY10.47%
OCF(TTM)22.3
OCFY10.66%
SpS51.91
BVpS24.27
TBVpS-4.01
PEG (NY)0.77
PEG (5Y)0.69
Graham Number101.8
Profitability
Industry RankSector 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 RankSector 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 7.24
F-Score8
WACC10.89%
ROIC/WACC3.64
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 1Y12.05%
EBIT growth 3Y12.6%
EBIT growth 5Y14.5%
EBIT Next Year13.1%
EBIT Next 3Y8.83%
EBIT Next 5Y9.3%
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 / 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.


Can you provide the profitability details for ADOBE INC?

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


How financially healthy is ADOBE INC?

The financial health rating of ADOBE INC (1ADBE.MI) is 7 / 10.


What is the earnings growth outlook for ADOBE INC?

The Earnings per Share (EPS) of ADOBE INC (1ADBE.MI) is expected to grow by 14.39% in the next year.