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

BIT:1ADBE • US00724F1012

Current stock price

222.95 EUR
-11.9 (-5.07%)
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

  • 1ADBE had positive earnings in the past year.
  • 1ADBE had a positive operating cash flow in the past year.
  • Each year in the past 5 years 1ADBE has been profitable.
  • 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

  • The Return On Assets of 1ADBE (24.17%) is better than 94.21% of its industry peers.
  • 1ADBE's Return On Equity of 61.34% is amongst the best of the industry. 1ADBE outperforms 95.04% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 36.51%, 1ADBE belongs to the top of the industry, outperforming 96.69% of the companies in the same industry.
  • 1ADBE had an Average Return On Invested Capital over the past 3 years of 31.10%. This is significantly above the industry average of 13.12%.
  • 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

  • 1ADBE has a better Profit Margin (30.00%) than 90.08% of its industry peers.
  • In the last couple of years the Profit Margin of 1ADBE has declined.
  • The Operating Margin of 1ADBE (36.63%) is better than 93.39% of its industry peers.
  • In the last couple of years the Operating Margin of 1ADBE has remained more or less at the same level.
  • 1ADBE has a Gross Margin of 89.27%. This is amongst the best in the industry. 1ADBE outperforms 85.12% of its industry peers.
  • 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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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.
  • The number of shares outstanding for 1ADBE has been reduced compared to 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

  • An Altman-Z score of 7.64 indicates that 1ADBE is not in any danger for bankruptcy at the moment.
  • 1ADBE's Altman-Z score of 7.64 is amongst the best of the industry. 1ADBE outperforms 87.60% of its industry peers.
  • 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's Debt to FCF ratio of 0.63 is amongst the best of the industry. 1ADBE outperforms 80.99% of its industry peers.
  • 1ADBE has a Debt/Equity ratio of 0.53. This is a neutral value indicating 1ADBE is somewhat dependend on debt financing.
  • 1ADBE has a Debt to Equity ratio of 0.53. This is in the lower half of the industry: 1ADBE underperforms 67.77% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for 1ADBE, 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 7.64
ROIC/WACC3.35
WACC10.9%
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 1.00. 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 (1.00) is worse than 73.55% of its industry peers.
  • A Quick Ratio of 1.00 indicates that 1ADBE may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.00, 1ADBE is doing worse than 72.73% of the companies in the same industry.
  • 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

  • 1ADBE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.74%, which is quite good.
  • 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.
  • Looking at the last year, 1ADBE shows a quite strong growth in Revenue. The Revenue has grown by 10.53% in the last year.
  • 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)13.74%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%14.35%
Revenue 1Y (TTM)10.53%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%10.49%

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.
  • The Revenue is expected to grow by 8.02% on average over the next years. This is quite good.
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue Next Year9.9%
Revenue Next 2Y9.5%
Revenue Next 3Y9.06%
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

8

4. 1ADBE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.29, the valuation of 1ADBE can be described as correct.
  • 87.60% of the companies in the same industry are more expensive than 1ADBE, based on the Price/Earnings ratio.
  • 1ADBE is valuated cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • 1ADBE is valuated reasonably with a Price/Forward Earnings ratio of 10.74.
  • Based on the Price/Forward Earnings ratio, 1ADBE is valued cheaper than 89.26% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, 1ADBE is valued rather cheaply.
Industry RankSector Rank
PE 12.29
Fwd PE 10.74
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

  • 1ADBE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. 1ADBE is cheaper than 69.42% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, 1ADBE is valued cheaper than 87.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.65
EV/EBITDA 11.44
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.
  • 1ADBE's earnings are expected to grow with 12.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.85
PEG (5Y)0.77
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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Find the best dividend stocksShow peers with best dividend

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

ADOBE INC

BIT:1ADBE (3/13/2026, 7:00:00 PM)

222.95

-11.9 (-5.07%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)12-10
Earnings (Next)03-12
Inst Owners86.91%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap90.88B
Revenue(TTM)23.77B
Net Income(TTM)7.13B
Analysts75.22
Price Target358.89 (60.97%)
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)-9.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.54%
EPS NY rev (1m)0.02%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.61%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.54%
Valuation
Industry RankSector Rank
PE 12.29
Fwd PE 10.74
P/S 4.42
P/FCF 10.65
P/OCF 10.46
P/B 9.03
P/tB N/A
EV/EBITDA 11.44
EPS(TTM)18.14
EY8.14%
EPS(NY)20.75
Fwd EY9.31%
FCF(TTM)20.93
FCFY9.39%
OCF(TTM)21.31
OCFY9.56%
SpS50.5
BVpS24.69
TBVpS-3.67
PEG (NY)0.85
PEG (5Y)0.77
Graham Number100.39
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 7.64
F-Score7
WACC10.9%
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)13.74%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%14.35%
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue 1Y (TTM)10.53%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%10.49%
Revenue Next Year9.9%
Revenue Next 2Y9.5%
Revenue Next 3Y9.06%
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 8 / 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 12.29 and the Price/Book (PB) ratio is 9.03.