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ADYEN NV (ADYEN.AS) Stock Fundamental Analysis

Europe - AMS:ADYEN - NL0012969182 - Common Stock

1390.6 EUR
-4.6 (-0.33%)
Last: 9/19/2025, 10:54:16 AM
Fundamental Rating

6

Overall ADYEN gets a fundamental rating of 6 out of 10. We evaluated ADYEN against 46 industry peers in the Financial Services industry. ADYEN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, ADYEN is valued expensive at the moment. These ratings could make ADYEN a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

ADYEN had positive earnings in the past year.
ADYEN had a positive operating cash flow in the past year.
In the past 5 years ADYEN has always been profitable.
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 2024 500M 1B 1.5B 2B

1.2 Ratios

With an excellent Return On Assets value of 7.15%, ADYEN belongs to the best of the industry, outperforming 84.78% of the companies in the same industry.
ADYEN's Return On Equity of 21.32% is amongst the best of the industry. ADYEN outperforms 80.43% of its industry peers.
Looking at the Return On Invested Capital, with a value of 15.30%, ADYEN belongs to the top of the industry, outperforming 89.13% of the companies in the same industry.
ADYEN had an Average Return On Invested Capital over the past 3 years of 16.46%. This is significantly above the industry average of 10.06%.
Industry RankSector Rank
ROA 7.15%
ROE 21.32%
ROIC 15.3%
ROA(3y)7.6%
ROA(5y)7.44%
ROE(3y)22.46%
ROE(5y)22.95%
ROIC(3y)16.46%
ROIC(5y)18.16%
ADYEN.AS Yearly ROA, ROE, ROICADYEN.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 40.51%, ADYEN belongs to the top of the industry, outperforming 84.78% of the companies in the same industry.
ADYEN's Profit Margin has improved in the last couple of years.
ADYEN has a Operating Margin of 40.52%. This is in the better half of the industry: ADYEN outperforms 78.26% of its industry peers.
ADYEN's Operating Margin has improved in the last couple of years.
ADYEN has a better Gross Margin (88.47%) than 84.78% of its industry peers.
ADYEN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 40.52%
PM (TTM) 40.51%
GM 88.47%
OM growth 3Y58.95%
OM growth 5Y29.15%
PM growth 3Y73.71%
PM growth 5Y36.03%
GM growth 3Y74.4%
GM growth 5Y34.53%
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 2024 20 40 60 80

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7

2. Health

2.1 Basic Checks

ADYEN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, ADYEN has more shares outstanding
Compared to 5 years ago, ADYEN has more shares outstanding
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 2024 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 2024 2B 4B 6B 8B 10B

2.2 Solvency

An Altman-Z score of 4.04 indicates that ADYEN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.04, ADYEN is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
The Debt to FCF ratio of ADYEN is 0.07, which is an excellent value as it means it would take ADYEN, only 0.07 years of fcf income to pay off all of its debts.
ADYEN has a better Debt to FCF ratio (0.07) than 95.65% of its industry peers.
ADYEN has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.04, ADYEN belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.07
Altman-Z 4.04
ROIC/WACC2.07
WACC7.4%
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 2024 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 1.48 indicates that ADYEN should not have too much problems paying its short term obligations.
The Current ratio of ADYEN (1.48) is comparable to the rest of the industry.
ADYEN has a Quick Ratio of 1.47. This is a normal value and indicates that ADYEN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.47, ADYEN is doing good in the industry, outperforming 63.04% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.47
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 2024 2B 4B 6B 8B 10B

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 19.62% over the past year.
The Earnings Per Share has been growing by 34.72% on average over the past years. This is a very strong growth
ADYEN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.86%.
The Revenue has been decreasing by -3.25% on average over the past years.
EPS 1Y (TTM)19.62%
EPS 3Y24.61%
EPS 5Y34.72%
EPS Q2Q%15.74%
Revenue 1Y (TTM)19.86%
Revenue growth 3Y-27.84%
Revenue growth 5Y-3.25%
Sales Q2Q%19.72%

3.2 Future

The Earnings Per Share is expected to grow by 18.44% on average over the next years. This is quite good.
Based on estimates for the next years, ADYEN will show a quite strong growth in Revenue. The Revenue will grow by 19.39% on average per year.
EPS Next Y19.73%
EPS Next 2Y21.28%
EPS Next 3Y22.68%
EPS Next 5Y18.44%
Revenue Next Year20.44%
Revenue Next 2Y21.96%
Revenue Next 3Y21.83%
Revenue Next 5Y19.39%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 20 40 60 80

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 43.85, ADYEN can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ADYEN is valued a bit more expensive than the industry average as 63.04% of the companies are valued more cheaply.
ADYEN is valuated expensively when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 31.89 indicates a quite expensive valuation of ADYEN.
Based on the Price/Forward Earnings ratio, ADYEN is valued a bit more expensive than the industry average as 63.04% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, ADYEN is valued a bit more expensive.
Industry RankSector Rank
PE 43.85
Fwd PE 31.89
ADYEN.AS Price Earnings VS Forward Price EarningsADYEN.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ADYEN is on the same level as its industry peers.
ADYEN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ADYEN is cheaper than 67.39% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.68
EV/EBITDA 28.52
ADYEN.AS Per share dataADYEN.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ADYEN does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of ADYEN may justify a higher PE ratio.
A more expensive valuation may be justified as ADYEN's earnings are expected to grow with 22.68% in the coming years.
PEG (NY)2.22
PEG (5Y)1.26
EPS Next 2Y21.28%
EPS Next 3Y22.68%

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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 (9/19/2025, 10:54:16 AM)

1390.6

-4.6 (-0.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)08-18 2025-08-18/amc
Earnings (Next)02-11 2026-02-11/amc
Inst Owners81.17%
Inst Owner ChangeN/A
Ins Owners7.34%
Ins Owner ChangeN/A
Market Cap43.82B
Analysts80.5
Price Target1870.98 (34.54%)
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)-3.6%
PT rev (3m)-2.32%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.43%
EPS NY rev (3m)-5.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.26%
Revenue NY rev (3m)-2.15%
Valuation
Industry RankSector Rank
PE 43.85
Fwd PE 31.89
P/S 17.81
P/FCF 11.68
P/OCF 11.36
P/B 9.37
P/tB 9.39
EV/EBITDA 28.52
EPS(TTM)31.71
EY2.28%
EPS(NY)43.6
Fwd EY3.14%
FCF(TTM)119.04
FCFY8.56%
OCF(TTM)122.41
OCFY8.8%
SpS78.06
BVpS148.37
TBVpS148.1
PEG (NY)2.22
PEG (5Y)1.26
Profitability
Industry RankSector Rank
ROA 7.15%
ROE 21.32%
ROCE 20.47%
ROIC 15.3%
ROICexc N/A
ROICexgc N/A
OM 40.52%
PM (TTM) 40.51%
GM 88.47%
FCFM 152.49%
ROA(3y)7.6%
ROA(5y)7.44%
ROE(3y)22.46%
ROE(5y)22.95%
ROIC(3y)16.46%
ROIC(5y)18.16%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)22.02%
ROCE(5y)24.3%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y58.95%
OM growth 5Y29.15%
PM growth 3Y73.71%
PM growth 5Y36.03%
GM growth 3Y74.4%
GM growth 5Y34.53%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.07
Debt/EBITDA 0.17
Cap/Depr 91.46%
Cap/Sales 4.32%
Interest Coverage 65.58
Cash Conversion 346.59%
Profit Quality 376.4%
Current Ratio 1.48
Quick Ratio 1.47
Altman-Z 4.04
F-Score5
WACC7.4%
ROIC/WACC2.07
Cap/Depr(3y)111.44%
Cap/Depr(5y)113.24%
Cap/Sales(3y)3.12%
Cap/Sales(5y)2.17%
Profit Quality(3y)257.28%
Profit Quality(5y)305.77%
High Growth Momentum
Growth
EPS 1Y (TTM)19.62%
EPS 3Y24.61%
EPS 5Y34.72%
EPS Q2Q%15.74%
EPS Next Y19.73%
EPS Next 2Y21.28%
EPS Next 3Y22.68%
EPS Next 5Y18.44%
Revenue 1Y (TTM)19.86%
Revenue growth 3Y-27.84%
Revenue growth 5Y-3.25%
Sales Q2Q%19.72%
Revenue Next Year20.44%
Revenue Next 2Y21.96%
Revenue Next 3Y21.83%
Revenue Next 5Y19.39%
EBIT growth 1Y32.48%
EBIT growth 3Y14.7%
EBIT growth 5Y24.96%
EBIT Next Year41.4%
EBIT Next 3Y33.79%
EBIT Next 5Y24.46%
FCF growth 1Y344.47%
FCF growth 3Y-3.16%
FCF growth 5Y25.77%
OCF growth 1Y302.15%
OCF growth 3Y-2.16%
OCF growth 5Y26.35%