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

BIT:1ADBE • US00724F1012

Current stock price

210.25 EUR
+7.25 (+3.57%)
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.
  • In the past year 1ADBE had a positive cash flow from operations.
  • 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

  • With an excellent Return On Assets value of 24.27%, 1ADBE belongs to the best of the industry, outperforming 96.72% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 63.05%, 1ADBE belongs to the top of the industry, outperforming 96.72% of the companies in the same industry.
  • The Return On Invested Capital of 1ADBE (39.60%) is better than 98.36% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for 1ADBE is significantly above the industry average of 13.21%.
  • 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

  • 1ADBE has a Profit Margin of 29.48%. This is amongst the best in the industry. 1ADBE outperforms 93.44% of its industry peers.
  • 1ADBE's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 36.65%, 1ADBE belongs to the top of the industry, outperforming 95.90% of the companies in the same industry.
  • 1ADBE's Operating Margin has been stable in the last couple of years.
  • With an excellent Gross Margin value of 89.40%, 1ADBE belongs to the best of the industry, outperforming 88.52% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 1ADBE has remained more or less at the same level.
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

  • 1ADBE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for 1ADBE has been reduced compared to 1 year ago.
  • The number of shares outstanding for 1ADBE has been reduced compared to 5 years ago.
  • 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

  • An Altman-Z score of 7.18 indicates that 1ADBE is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 7.18, 1ADBE belongs to the best of the industry, outperforming 85.25% of the companies in the same industry.
  • 1ADBE has a debt to FCF ratio of 0.60. This is a very positive value and a sign of high solvency as it would only need 0.60 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.60, 1ADBE belongs to the top of the industry, outperforming 80.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.47 indicates that 1ADBE is not too dependend on debt financing.
  • The Debt to Equity ratio of 1ADBE (0.47) is worse than 64.75% of its industry peers.
  • 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 7.18
ROIC/WACC3.78
WACC10.47%
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.
  • The Current ratio of 1ADBE (0.91) is worse than 77.87% of its industry peers.
  • A Quick Ratio of 0.91 indicates that 1ADBE may have some problems paying 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 76.23% 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.
  • Measured over the past years, 1ADBE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.87% on average per year.
  • 1ADBE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.96%.
  • The Revenue has been growing by 13.06% on average over the past years. This is quite good.
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.
  • 1ADBE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.02% yearly.
EPS Next Y14.67%
EPS Next 2Y13.37%
EPS Next 3Y12.96%
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.
  • 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.
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

  • A Price/Earnings ratio of 11.30 indicates a reasonable valuation of 1ADBE.
  • 1ADBE's Price/Earnings ratio is rather cheap when compared to the industry. 1ADBE is cheaper than 93.44% of the companies in the same industry.
  • 1ADBE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.87.
  • Based on the Price/Forward Earnings ratio of 9.20, the valuation of 1ADBE can be described as reasonable.
  • 94.26% of the companies in the same industry are more expensive than 1ADBE, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of 1ADBE to the average of the S&P500 Index (38.51), we can say 1ADBE is valued rather cheaply.
Industry RankSector Rank
PE 11.3
Fwd PE 9.2
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 cheaply inside the industry as 80.33% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, 1ADBE is valued cheaper than 90.16% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.71
EV/EBITDA 9.8
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

  • 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 1ADBE may justify a higher PE ratio.
  • A more expensive valuation may be justified as 1ADBE's earnings are expected to grow with 12.96% in the coming years.
PEG (NY)0.77
PEG (5Y)0.71
EPS Next 2Y13.37%
EPS Next 3Y12.96%

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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 (4/17/2026, 7:00:00 PM)

210.25

+7.25 (+3.57%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)03-12
Earnings (Next)06-10
Inst Owners88.63%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap84.98B
Revenue(TTM)24.45B
Net Income(TTM)7.21B
Analysts72.44
Price Target288.86 (37.39%)
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)-19.51%
PT rev (3m)-24.02%
EPS NQ rev (1m)2.7%
EPS NQ rev (3m)2.6%
EPS NY rev (1m)0.24%
EPS NY rev (3m)0.25%
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 11.3
Fwd PE 9.2
P/S 4.09
P/FCF 9.71
P/OCF 9.53
P/B 8.76
P/tB N/A
EV/EBITDA 9.8
EPS(TTM)18.61
EY8.85%
EPS(NY)22.85
Fwd EY10.87%
FCF(TTM)21.66
FCFY10.3%
OCF(TTM)22.06
OCFY10.49%
SpS51.35
BVpS24.01
TBVpS-3.97
PEG (NY)0.77
PEG (5Y)0.71
Graham Number100.262 (-52.31%)
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 7.18
F-Score8
WACC10.47%
ROIC/WACC3.78
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 5Y9.91%
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 Year13.91%
EBIT Next 3Y8.56%
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 14.67% in the next year.