Intrinsic value of Adobe Inc. (ADBE)

[per Chepakovich valuation model]

other valuations of ADBE

[per Chepakovich valuation model]  See other valuations of ADBE stock

Previous Close$486.56
Intrinsic Value
Upside potential
Previous Close
$486.56

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-11-30 and quarterly data as of 2021-02-28.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %15.2NaN
Revenue, $12868NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m8631NaN
Operating income, $m4237NaN
EBITDA, $m4994NaN
Interest expense (income), $mNaN
Earnings before tax, $m4176NaN
Tax expense, $m-1084NaN
Net income, $m5260NaN

BALANCE SHEET

Cash and short-term investments, $m5992NaN
Total assets, $m24284NaN
Adjusted assets (=assets-cash), $m18292NaN
Average production assets, $m13662NaN
Working capital, $m2634NaN
Total debt, $m4117NaN
Total liabilities, $m11020NaN
Total equity, $m13264NaN
Debt-to-equity ratio0.310NaN
Adjusted equity ratio0.398NaN

CASH FLOW

Net income, $m5260NaN
Depreciation, amort., depletion, $m757NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m5727NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-419NaN
Free cash flow, $m6146NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m2634
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN