Company Valuation: Adobe Inc.

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 315,027 152,938 283,798 226,122 134,006 88,062 - -
Change - -51.45% 85.56% -20.32% -40.74% -34.29% - -
Enterprise Value (EV) 1 313,352 150,971 279,590 223,864 133,621 87,293 83,400 84,785
Change - -51.82% 85.19% -19.93% -40.31% -34.67% -4.46% 1.66%
P/E 66.1x 32.6x 52.7x 41.6x 19.2x 12.2x 10.4x 8.96x
PBR 21.5x 10.9x 17.3x 16.1x 11.8x 7.2x 5.08x 4.03x
PEG - 40.83x 3.1x 9.11x 0.5x 1.46x 0.6x 0.6x
Capitalization / Revenue 20x 8.69x 14.6x 10.5x 5.64x 3.32x 3.05x 2.81x
EV / Revenue 19.9x 8.57x 14.4x 10.4x 5.62x 3.29x 2.89x 2.7x
EV / EBITDA 38.9x 17.2x 28.6x 20.6x 11.3x 6.89x 6.11x 5.82x
EV / EBIT 43.2x 19x 31.4x 22.3x 12.2x 7.3x 6.45x 6.01x
EV / FCF 45.5x 20.4x 40.3x 28.4x 13.6x 8.42x 7.42x 6.97x
FCF Yield 2.2% 4.9% 2.48% 3.52% 7.37% 11.9% 13.5% 14.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 10.02 10.1 11.82 12.36 16.7 18.1 21.35 24.72
Distribution rate - - - - - - - -
Net sales 1 15,785 17,606 19,409 21,505 23,769 26,518 28,891 31,384
EBITDA 1 8,047 8,801 9,790 10,876 11,804 12,668 13,651 14,575
EBIT 1 7,259 7,945 8,918 10,019 10,986 11,951 12,936 14,105
Net income 1 4,822 4,756 5,428 5,560 7,130 7,212 8,148 9,124
Net Debt 1 -1,675 -1,967 -4,208 -2,258 -385 -768.9 -4,662 -3,277
Reference price 2 662.10 328.97 623.32 513.68 320.13 221.54 221.54 221.54
Nbr of stocks (in thousands) 475,800 464,900 455,300 440,200 418,600 397,500 - -
Announcement Date 12/16/21 12/15/22 12/13/23 12/11/24 12/10/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.24x3.29x6.89x-.--% 88.06B
32.84x21.35x25.33x-.--% 177B
36.84x6.02x16.7x0.37% 51.51B
25.03x5.36x13x-.--% 44.84B
22.14x5.31x13.49x0.93% 36.71B
34.95x3.12x9.37x-.--% 35.48B
38.42x2.67x15.4x-.--% 16.07B
14.03x5.66x11.43x-.--% 14.44B
30.71x - - 3.65% 10.18B
70.95x4.26x17.41x-.--% 8.85B
Average 31.82x 6.34x 14.34x 0.5% 48.35B
Weighted average by Cap. 28.41x 10.76x 16.77x 0.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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