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Intrinsic value of Adobe Inc. (ADBE)

Previous Close$399.09
Intrinsic Value
Upside potential
Previous Close
$399.09

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, %
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Cash & ST Investments
Total debt
Market cap, m$
189,568

Based on fiscal year data as of 2021-11-30 and quarterly data as of 2022-02-28.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

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.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %22.8NaN
Revenue, $15801NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m9999NaN
Operating income, $m5802NaN
EBITDA, $m6663NaN
Interest expense (income), $mNaN
Earnings before tax, $m5705NaN
Tax expense, $m883NaN
Net income, $m4822NaN

BALANCE SHEET

Cash and short-term investments, $m5798NaN
Total assets, $m27241NaN
Adjusted assets (=assets-cash), $m21443NaN
Average production assets, $m15355NaN
Working capital, $m1532NaN
Total debt, $m4673NaN
Total liabilities, $m12444NaN
Total equity, $m14797NaN
Debt-to-equity ratio0.316NaN
Adjusted equity ratio0.424NaN

CASH FLOW

Net income, $m4822NaN
Depreciation, amort., depletion, $m861NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m7230NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-348NaN
Free cash flow, $m7578NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m1532
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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