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ADYEN NV (ADYEN.AS) Stock Fundamental Analysis

AMS:ADYEN - Euronext Amsterdam - NL0012969182 - Common Stock - Currency: EUR

1599.8  +0.2 (+0.01%)

Fundamental Rating

6

Overall ADYEN gets a fundamental rating of 6 out of 10. We evaluated ADYEN against 50 industry peers in the Financial Services industry. Both the health and profitability get an excellent rating, making ADYEN a very profitable company, without any liquidiy or solvency issues. ADYEN is valued quite expensive, but it does show an excellent growth. These ratings could make ADYEN a good candidate for growth and quality investing.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year ADYEN was profitable.
ADYEN had a positive operating cash flow in the past year.
ADYEN had positive earnings in each of the past 5 years.
In the past 5 years ADYEN always reported a positive cash flow from operatings.
ADYEN.AS Yearly Net Income VS EBIT VS OCF VS FCFADYEN.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

1.2 Ratios

The Return On Assets of ADYEN (8.19%) is better than 70.45% of its industry peers.
With a decent Return On Equity value of 23.09%, ADYEN is doing good in the industry, outperforming 77.27% of the companies in the same industry.
The Return On Invested Capital of ADYEN (15.20%) is better than 84.09% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ADYEN is significantly above the industry average of 10.86%.
Industry RankSector Rank
ROA 8.19%
ROE 23.09%
ROIC 15.2%
ROA(3y)7.61%
ROA(5y)7.62%
ROE(3y)23.82%
ROE(5y)23.68%
ROIC(3y)19.04%
ROIC(5y)19.77%
ADYEN.AS Yearly ROA, ROE, ROICADYEN.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 40.50%, ADYEN is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
In the last couple of years the Profit Margin of ADYEN has grown nicely.
ADYEN has a better Operating Margin (36.78%) than 75.00% of its industry peers.
ADYEN's Operating Margin has improved in the last couple of years.
ADYEN has a better Gross Margin (88.17%) than 81.82% of its industry peers.
ADYEN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 36.78%
PM (TTM) 40.5%
GM 88.17%
OM growth 3Y52.88%
OM growth 5Y28.5%
PM growth 3Y73.56%
PM growth 5Y36.41%
GM growth 3Y66.84%
GM growth 5Y32.82%
ADYEN.AS Yearly Profit, Operating, Gross MarginsADYEN.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

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8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ADYEN is creating value.
Compared to 1 year ago, ADYEN has about the same amount of shares outstanding.
The number of shares outstanding for ADYEN has been increased compared to 5 years ago.
The debt/assets ratio for ADYEN has been reduced compared to a year ago.
ADYEN.AS Yearly Shares OutstandingADYEN.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
ADYEN.AS Yearly Total Debt VS Total AssetsADYEN.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

An Altman-Z score of 5.91 indicates that ADYEN is not in any danger for bankruptcy at the moment.
The Altman-Z score of ADYEN (5.91) is better than 81.82% of its industry peers.
ADYEN has a debt to FCF ratio of 0.10. This is a very positive value and a sign of high solvency as it would only need 0.10 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.10, ADYEN belongs to the best of the industry, outperforming 93.18% of the companies in the same industry.
A Debt/Equity ratio of 0.05 indicates that ADYEN is not too dependend on debt financing.
ADYEN has a Debt to Equity ratio of 0.05. This is amongst the best in the industry. ADYEN outperforms 84.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.1
Altman-Z 5.91
ROIC/WACC2.15
WACC7.06%
ADYEN.AS Yearly LT Debt VS Equity VS FCFADYEN.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.51 indicates that ADYEN should not have too much problems paying its short term obligations.
ADYEN has a better Current ratio (1.51) than 61.36% of its industry peers.
ADYEN has a Quick Ratio of 1.50. This is a normal value and indicates that ADYEN is financially healthy and should not expect problems in meeting its short term obligations.
ADYEN has a Quick ratio of 1.50. This is in the better half of the industry: ADYEN outperforms 65.91% of its industry peers.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 1.5
ADYEN.AS Yearly Current Assets VS Current LiabilitesADYEN.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

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7

3. Growth

3.1 Past

ADYEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 46.06%, which is quite impressive.
The Earnings Per Share has been growing by 39.19% on average over the past years. This is a very strong growth
The Revenue for ADYEN has decreased by -65.10% in the past year. This is quite bad
The Revenue has been growing slightly by 2.43% on average over the past years.
EPS 1Y (TTM)46.06%
EPS 3Y38.13%
EPS 5Y39.19%
EPS Q2Q%44.98%
Revenue 1Y (TTM)-65.1%
Revenue growth 3Y-20.01%
Revenue growth 5Y2.43%
Sales Q2Q%23.58%

3.2 Future

The Earnings Per Share is expected to grow by 25.39% on average over the next years. This is a very strong growth
ADYEN is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.27% yearly.
EPS Next Y32.23%
EPS Next 2Y28.48%
EPS Next 3Y27.64%
EPS Next 5Y25.39%
Revenue Next Year21.12%
Revenue Next 2Y22.64%
Revenue Next 3Y23.48%
Revenue Next 5Y21.27%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ADYEN.AS Yearly Revenue VS EstimatesADYEN.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2B 4B 6B 8B
ADYEN.AS Yearly EPS VS EstimatesADYEN.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20 40 60 80

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 60.35, ADYEN can be considered very expensive at the moment.
ADYEN's Price/Earnings ratio is a bit more expensive when compared to the industry. ADYEN is more expensive than 79.55% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.47, ADYEN is valued quite expensively.
ADYEN is valuated quite expensively with a Price/Forward Earnings ratio of 43.21.
Based on the Price/Forward Earnings ratio, ADYEN is valued a bit more expensive than the industry average as 72.73% of the companies are valued more cheaply.
ADYEN is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 60.35
Fwd PE 43.21
ADYEN.AS Price Earnings VS Forward Price EarningsADYEN.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

72.73% of the companies in the same industry are cheaper than ADYEN, based on the Enterprise Value to EBITDA ratio.
63.64% of the companies in the same industry are cheaper than ADYEN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 21.21
EV/EBITDA 49.69
ADYEN.AS Per share dataADYEN.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ADYEN has an outstanding profitability rating, which may justify a higher PE ratio.
ADYEN's earnings are expected to grow with 27.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.87
PEG (5Y)1.54
EPS Next 2Y28.48%
EPS Next 3Y27.64%

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0

5. Dividend

5.1 Amount

ADYEN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ADYEN NV

AMS:ADYEN (2/5/2025, 3:23:54 PM)

1599.8

+0.2 (+0.01%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)08-15 2024-08-15/dmh
Earnings (Next)02-13 2025-02-13/amc
Inst Owners73.91%
Inst Owner ChangeN/A
Ins Owners7.44%
Ins Owner ChangeN/A
Market Cap50.36B
Analysts80
Price Target1741.98 (8.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.94%
PT rev (3m)5.37%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.11%
EPS NY rev (3m)-0.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.15%
Valuation
Industry RankSector Rank
PE 60.35
Fwd PE 43.21
P/S 24.7
P/FCF 21.21
P/OCF 20.72
P/B 14.08
P/tB 14.12
EV/EBITDA 49.69
EPS(TTM)26.51
EY1.66%
EPS(NY)37.03
Fwd EY2.31%
FCF(TTM)75.44
FCFY4.72%
OCF(TTM)77.22
OCFY4.83%
SpS64.77
BVpS113.59
TBVpS113.31
PEG (NY)1.87
PEG (5Y)1.54
Profitability
Industry RankSector Rank
ROA 8.19%
ROE 23.09%
ROCE 19.94%
ROIC 15.2%
ROICexc N/A
ROICexgc N/A
OM 36.78%
PM (TTM) 40.5%
GM 88.17%
FCFM 116.48%
ROA(3y)7.61%
ROA(5y)7.62%
ROE(3y)23.82%
ROE(5y)23.68%
ROIC(3y)19.04%
ROIC(5y)19.77%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)24.98%
ROCE(5y)25.94%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y52.88%
OM growth 5Y28.5%
PM growth 3Y73.56%
PM growth 5Y36.41%
GM growth 3Y66.84%
GM growth 5Y32.82%
F-Score7
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.1
Debt/EBITDA 0.21
Cap/Depr 59.65%
Cap/Sales 2.74%
Interest Coverage 130.45
Cash Conversion 288.16%
Profit Quality 287.61%
Current Ratio 1.51
Quick Ratio 1.5
Altman-Z 5.91
F-Score7
WACC7.06%
ROIC/WACC2.15
Cap/Depr(3y)130.88%
Cap/Depr(5y)111.73%
Cap/Sales(3y)1.92%
Cap/Sales(5y)1.42%
Profit Quality(3y)324.81%
Profit Quality(5y)314.6%
High Growth Momentum
Growth
EPS 1Y (TTM)46.06%
EPS 3Y38.13%
EPS 5Y39.19%
EPS Q2Q%44.98%
EPS Next Y32.23%
EPS Next 2Y28.48%
EPS Next 3Y27.64%
EPS Next 5Y25.39%
Revenue 1Y (TTM)-65.1%
Revenue growth 3Y-20.01%
Revenue growth 5Y2.43%
Sales Q2Q%23.58%
Revenue Next Year21.12%
Revenue Next 2Y22.64%
Revenue Next 3Y23.48%
Revenue Next 5Y21.27%
EBIT growth 1Y22.34%
EBIT growth 3Y22.28%
EBIT growth 5Y31.62%
EBIT Next Year50.13%
EBIT Next 3Y38.36%
EBIT Next 5Y33.08%
FCF growth 1Y10.57%
FCF growth 3Y21.86%
FCF growth 5Y37.21%
OCF growth 1Y9.48%
OCF growth 3Y22.53%
OCF growth 5Y37.25%