Adobe Inc. (ADBE)
Total Valuation
Adobe has a market cap or net worth of $271.63 billion. The enterprise value is $267.87 billion.
| Market Cap | 271.63B |
| Enterprise Value | 267.87B |
Important Dates
The last earnings date was Wednesday, December 13, 2023, after market close.
| Earnings Date | Dec 13, 2023 |
| Ex-Dividend Date | n/a |
Share Statistics
Adobe has 455.30 million shares outstanding. The number of shares has decreased by -1.50% in one year.
| Shares Outstanding | 455.30M |
| Shares Change (YoY) | -1.50% |
| Shares Change (QoQ) | n/a |
| Owned by Insiders (%) | 0.29% |
| Owned by Institutions (%) | 86.07% |
| Float | 454.09M |
Valuation Ratios
The trailing PE ratio is 50.52 and the forward PE ratio is 33.67. Adobe's PEG ratio is 2.22.
| PE Ratio | 50.52 |
| Forward PE | 33.67 |
| PS Ratio | 14.00 |
| Forward PS | 12.62 |
| PB Ratio | 16.44 |
| P/FCF Ratio | 39.13 |
| PEG Ratio | 2.22 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 34.48, with an EV/FCF ratio of 38.59.
| EV / Earnings | 49.35 |
| EV / Sales | 13.80 |
| EV / EBITDA | 34.48 |
| EV / EBIT | 38.84 |
| EV / FCF | 38.59 |
Financial Position
The company has a current ratio of 1.34, with a Debt / Equity ratio of 0.25.
| Current Ratio | 1.34 |
| Quick Ratio | 1.22 |
| Debt / Equity | 0.25 |
| Debt / EBITDA | 0.53 |
| Debt / FCF | 0.59 |
| Interest Coverage | 61.03 |
Financial Efficiency
Return on equity (ROE) is 32.86% and return on invested capital (ROIC) is 25.77%.
| Return on Equity (ROE) | 32.86% |
| Return on Assets (ROA) | 18.23% |
| Return on Capital (ROIC) | 25.77% |
| Revenue Per Employee | $663,805 |
| Profits Per Employee | $185,642 |
| Employee Count | 29,239 |
| Asset Turnover | 0.69 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Adobe has paid $1.37 billion in taxes.
| Income Tax | 1.37B |
| Effective Tax Rate | 20.16% |
Stock Price Statistics
The stock price has increased by +76.73% in the last 52 weeks. The beta is 1.34, so Adobe's price volatility has been higher than the market average.
| Beta (1Y) | 1.34 |
| 52-Week Price Change | +76.73% |
| 50-Day Moving Average | 587.14 |
| 200-Day Moving Average | 494.05 |
| Relative Strength Index (RSI) | 48.79 |
| Average Volume (30 Days) | 2,865,695 |
Short Selling Information
The latest short interest is 4.72 million, so 1.04% of the outstanding shares have been sold short.
| Short Interest | 4.72M |
| Short Previous Month | 5.40M |
| Short % of Shares Out | 1.04% |
| Short % of Float | 1.04% |
| Short Ratio (days to cover) | 1.44 |
Income Statement
In the last 12 months, Adobe had revenue of $19.41 billion and earned $5.43 billion in profits. Earnings per share was $11.81.
| Revenue | 19.41B |
| Gross Profit | 17.06B |
| Operating Income | 6.65B |
| Pretax Income | 6.80B |
| Net Income | 5.43B |
| EBITDA | 7.77B |
| EBIT | 6.90B |
| Earnings Per Share (EPS) | $11.81 |
Balance Sheet
The company has $7.84 billion in cash and $4.08 billion in debt, giving a net cash position of $3.76 billion or $8.26 per share.
| Cash & Cash Equivalents | 7.84B |
| Total Debt | 4.08B |
| Net Cash | 3.76B |
| Net Cash Per Share | $8.26 |
| Equity / Book Value | 16.52B |
| Book Value Per Share | 36.28 |
| Working Capital | 2.83B |
Cash Flow
In the last 12 months, operating cash flow was $7.30 billion and capital expenditures -$360.00 million, giving a free cash flow of $6.94 billion.
| Operating Cash Flow | 7.30B |
| Capital Expenditures | -360.00M |
| Free Cash Flow | 6.94B |
| FCF Per Share | $15.12 |
Margins
Gross margin is 87.87%, with operating and profit margins of 34.26% and 27.97%.
| Gross Margin | 87.87% |
| Operating Margin | 34.26% |
| Pretax Margin | 35.03% |
| Profit Margin | 27.97% |
| EBITDA Margin | 40.02% |
| EBIT Margin | 35.53% |
| FCF Margin | 35.77% |
Dividends & Yields
Adobe does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Earnings Yield | 2.00% |
| FCF Yield | 2.56% |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Buyback Yield | 1.50% |
| Shareholder Yield | 1.50% |
Analyst Forecast
The average price target for Adobe is $590.15, which is -1.08% lower than the current price. The consensus rating is "Buy".
| Price Target | $590.15 |
| Price Target Difference | -1.08% |
| Analyst Consensus | Buy |
| Analyst Count | 29 |
| Revenue Growth Forecast (5Y) | 11.92% |
| EPS Growth Forecast (5Y) | 20.77% |
Stock Splits
The last stock split was on May 24, 2005. It was a forward split with a ratio of 2:1.
| Last Split Date | May 24, 2005 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
Adobe has an Altman Z-Score of 15.39 and a Piotroski F-Score of 9.
| Altman Z-Score | 15.39 |
| Piotroski F-Score | 9 |