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ADBE - Adobe Inc.

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Adobe Inc.

ADBE

NASDAQ

Adobe Inc. 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, 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. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

380.87 USD

6.24 (1.64%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

12.87B

15.79B

17.61B

19.41B

21.5B

24.48B

27.86B

31.7B

36.08B

41.06B

Revenue %

-

22.67

11.54

10.24

10.8

13.81

13.81

13.81

13.81

Ebitda

5.13B

6.67B

7.05B

6.65B

8.03B

9.49B

10.8B

12.29B

13.99B

15.92B

Ebitda %

39.89

42.29

40.07

34.26

37.34

38.77

38.77

38.77

38.77

Ebit

4.29B

5.81B

6.12B

6.65B

7.09B

8.43B

9.59B

10.92B

12.42B

14.14B

Ebit %

33.33

36.83

34.74

34.26

32.99

34.43

34.43

34.43

34.43

Depreciation

844M

861M

939M

-

934M

1.06B

1.21B

1.38B

1.57B

1.78B

Depreciation %

6.56

5.45

5.33

-

4.34

4.34

4.34

4.34

4.34

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

5.99B

5.8B

6.1B

7.84B

7.89B

9.55B

10.86B

12.36B

14.07B

16.01B

Total Cash %

46.57

36.73

34.62

40.4

36.67

39

39

39

39

Receivables

1.4B

1.88B

2.06B

2.22B

2.07B

2.72B

3.1B

3.52B

4.01B

4.57B

Receivables %

10.86

11.9

11.73

11.46

9.63

11.12

11.12

11.12

11.12

Inventories

-

-

-

-

-

-

-

-

-

-

Inventories %

-

-

-

-

-

-

-

-

-

Payable

306M

312M

379M

314M

361M

479.89M

546.17M

621.61M

707.46M

805.17M

Payable %

2.38

1.98

2.15

1.62

1.68

1.96

1.96

1.96

1.96

Cap Ex

-419M

-330M

-442M

-360M

-232M

-528.22M

-601.17M

-684.2M

-778.69M

-886.24M

Cap Ex %

-3.26

-2.09

-2.51

-1.85

-1.08

-2.16

-2.16

-2.16

-2.16

Weighted Average Cost Of Capital

Price

380.87

Beta

Diluted Shares Outstanding

450M

Costof Debt

3.92

Tax Rate

After Tax Cost Of Debt

3.14

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

6.06B

Total Equity

171.39B

Total Capital

177.45B

Debt Weighting

3.41

Equity Weighting

96.59

Wacc

10.7

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

12.87B

15.79B

17.61B

19.41B

21.5B

24.48B

27.86B

31.7B

36.08B

41.06B

Ebitda

5.13B

6.67B

7.05B

6.65B

8.03B

9.49B

10.8B

12.29B

13.99B

15.92B

Ebit

4.29B

5.81B

6.12B

6.65B

7.09B

8.43B

9.59B

10.92B

12.42B

14.14B

Tax Rate

19.78

19.78

19.78

19.78

19.78

19.78

19.78

19.78

19.78

19.78

Ebiat

5.4B

4.91B

4.84B

5.31B

5.69B

7.14B

8.13B

9.25B

10.53B

11.98B

Depreciation

844M

861M

939M

-

934M

1.06B

1.21B

1.38B

1.57B

1.78B

Receivables

1.4B

1.88B

2.06B

2.22B

2.07B

2.72B

3.1B

3.52B

4.01B

4.57B

Inventories

-

-

-

-

-

-

-

-

-

-

Payable

306M

312M

379M

314M

361M

479.89M

546.17M

621.61M

707.46M

805.17M

Cap Ex

-419M

-330M

-442M

-360M

-232M

-528.22M

-601.17M

-684.2M

-778.69M

-886.24M

Ufcf

4.74B

4.97B

5.22B

4.73B

6.59B

7.15B

8.43B

9.59B

10.91B

12.42B

Wacc

10.7

10.7

10.7

10.7

10.7

Pv Ufcf

6.45B

6.88B

7.07B

7.27B

7.47B

Sum Pv Ufcf

35.14B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

10.7

Free Cash Flow T1

12.92B

Terminal Value

192.77B

Present Terminal Value

115.95B

Intrinsic Value

Enterprise Value

151.08B

Net Debt

-1.56B

Equity Value

152.64B

Diluted Shares Outstanding

450M

Equity Value Per Share

339.2

Projected DCF

339.2 -0.123%

DCF Levered

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