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.
  • In the past year 1ADBE had a positive cash flow from operations.
  • 1ADBE had positive earnings in each of the past 5 years.
  • Each year in the past 5 years 1ADBE had a positive operating cash flow.
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 (24.27%) is better than 96.36% of its industry peers.
  • 1ADBE's Return On Equity of 63.05% is amongst the best of the industry. 1ADBE outperforms 97.27% of its industry peers.
  • 1ADBE's Return On Invested Capital of 39.60% is amongst the best of the industry. 1ADBE outperforms 98.18% 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 3 year average ROIC (31.10%) for 1ADBE is below the current ROIC(39.60%), indicating increased profibility in the last year.
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

  • The Profit Margin of 1ADBE (29.48%) is better than 92.73% of its industry peers.
  • In the last couple of years the Profit Margin of 1ADBE has declined.
  • The Operating Margin of 1ADBE (36.65%) is better than 95.45% of its industry peers.
  • 1ADBE's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of 1ADBE (89.40%) is better than 87.27% of its industry peers.
  • 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.
  • 1ADBE has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, 1ADBE has less shares outstanding
  • The debt/assets ratio for 1ADBE is higher compared to a year ago.
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 7.23 indicates that 1ADBE is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of 1ADBE (7.23) is better than 85.45% of its industry peers.
  • 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.
  • 1ADBE has a better Debt to FCF ratio (0.60) than 87.27% 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.
  • With a Debt to Equity ratio value of 0.47, 1ADBE is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
  • 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 7.23
ROIC/WACC3.65
WACC10.85%
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

  • A Current Ratio of 0.91 indicates that 1ADBE may have some problems paying its short term obligations.
  • With a Current ratio value of 0.91, 1ADBE is not doing good in the industry: 77.27% of the companies in the same industry are doing better.
  • 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.
  • The Quick ratio of 1ADBE (0.91) is worse than 75.45% 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

  • The Earnings Per Share is expected to grow by 9.91% on average over the next years. This is quite good.
  • 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 Year9.98%
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.
  • 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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Find the best growth stocksShow best growing peers

9

4. 1ADBE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.00, the valuation of 1ADBE can be described as very reasonable.
  • 92.73% of the companies in the same industry are more expensive than 1ADBE, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of 1ADBE to the average of the S&P500 Index (26.17), we can say 1ADBE is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 8.92, the valuation of 1ADBE can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, 1ADBE is valued cheaply inside the industry as 92.73% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.05. 1ADBE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11
Fwd PE 8.92
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 77.27% of the companies in the same industry.
  • 1ADBE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 1ADBE is cheaper than 90.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.53
EV/EBITDA 9.97
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)0.76
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

  • 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 (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
Fwd PE 8.92
P/S 4.02
P/FCF 9.53
P/OCF 9.36
P/B 8.6
P/tB N/A
EV/EBITDA 9.97
EPS(TTM)19.03
EY9.09%
EPS(NY)23.47
Fwd EY11.22%
FCF(TTM)21.96
FCFY10.49%
OCF(TTM)22.36
OCFY10.69%
SpS52.05
BVpS24.34
TBVpS-4.02
PEG (NY)0.76
PEG (5Y)0.69
Graham Number102.08
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 7.23
F-Score8
WACC10.85%
ROIC/WACC3.65
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.