Adobe Inc.

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $222.88B
  • PE 42
  • Debt $7.15B
  • Cash $7.19B
  • EV $222.84B
  • FCF $6.55B

Earnings

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Sales & Net Margins

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Earnings$5.36B
EBIT$6.75B
ROE37%
ROA23%
FCF$6.55B
Equity$14.55B
Growth Stability100%
PE41.58
PEG5.64
PB15.32
P/FCF34.03
P/S10.64
Price/Cash0.03
Debt/Equity0.49
Debt/FCF1.09
Net Margins24%
Gross Margins89%
Op. Margins32%
Earnings CAGR26%
Sales Growth YoY11%
Sales Growth QoQ2%
Sales CAGR19%
FCF CAGR21%
Equity CAGR11%
Earnings Stability0.85
Earnings Growth YoY20%
Earnings Growth QoQ7%
Earnings CAGR 5Y7%
Sales CAGR 5Y14%
FCF CAGR 5Y11%
Equity CAGR 5Y8%
Earnings CAGR 3Y11%
Sales CAGR 3Y11%
FCF CAGR 3Y-2%
Equity CAGR 3Y3%
Market Cap$222.88B
Revenue$20.95B
Assets$29.83B
Total Debt$7.15B
Cash$7.19B
Shares Outstanding445M
EV222.84B
Earnings Score94%
Moat Score97%
Safety Score95%
Final Score95%
Working Capital1.07B
Current Ratio1.11
Shares Growth 3y-2%
Equity Growth QoQ-2%
Equity Growth YoY-8%

Assets & ROA

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Stockholders Equity & ROE

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Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, students, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce.

SEC Filings

Direct access to Adobe Inc. (ADBE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Aug 30
    • 10-Q May 31
    • 10-Q Mar 01
  • 2023
    • 10-K Dec 01
    • 10-Q Sep 01
    • 10-Q Jun 02
    • 10-Q Mar 03
  • 2022
    • 10-K Dec 02
    • 10-Q Sep 02
    • 10-Q Jun 03
    • 10-Q Mar 04

Sector Comparison

How does Adobe Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Adobe Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 26%
Stability 85%
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Adobe Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Adobe Inc..

= $283B
012345678910TV
fcf$6.6B$7.9B$9.6B$12B$14B$17B$20B$25B$30B$36B$44B$437B
DCF$7.2B$7.9B$8.7B$9.6B$11B$12B$13B$14B$15B$17B$169B
Value$283B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years11/201411/201512/201611/201711/201811/201911/202012/202112/202211/2023TTM
Net Margins6%13%20%23%29%26%41%31%27%28%24%
ROA-8%12%15%15%16%18%21%22%23%23%
ROE-9%16%20%28%28%40%33%34%33%37%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years11/201411/201512/201611/201711/201811/201911/202012/202112/202211/2023TTM
Debt over FCF-1.480.950.691.11.810.780.60.630.531.09
Debt over Equity0.220.270.260.220.440.690.310.280.330.220.49
Growth Stability---100%100%100%100%100%100%100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years11/201411/201512/201611/201711/201811/201911/202012/202112/202211/2023CAGR 5Y
Revenue YoY growth-16%22%25%24%24%15%23%12%10%14%
Earnings YoY growth-135%86%45%53%14%78%-8%-1%14%7%
Equity YoY growth-3%6%14%11%12%26%12%-5%18%8%
FCF YoY growth-13%55%37%38%7%32%30%7%-6%11%