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ADBE$272.53+5.14%
Fair $272.53+0.0%

ADBE

Adobe Inc.

Technology / Software - ApplicationNasdaqGS

$272.53

+13.32 (+5.14%)

Fairly Valued+0.0%Fair Value $272.53Fund rank 39/100 · Data gapFallback financials|
SA 61/B
F-Score: 7/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 21% · confianza 25%

FCF escenarios

weak_data · normalized FCF $7.9B · quality 82.3/100

Data gap 39/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 95/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

61/100

B

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: unknownPeriods: 19Warnings: 0unknown: 19
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · ADBELocal privado en este navegador · Adobe Inc.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$110.2B

P/E

15.9x

↓

EV/EBITDA

12.0x

↓

ROE

61.3%

↑

Gross Margin

89.3%

↑

Debt/Equity

0.57

↑
52-Week Range$273
$224$421

TradingView lightweight chart

ADBE price, volumen y niveles de valoración

Último $272.53Periodo +1562.7%
Fair value: $272.53

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2007–2025 · 18 años de histórico normalizado

Revenue CAGR

+11.9%

FCF CAGR

+11.9%

FCF margin

41.4%

FCF / Net income

1.38x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $23.77B · net income $7.13B · FCF $9.85B

2007-FY → 2025-FY

Gross margin

89.3%+0.5% pts

Operating margin

36.6%+9.5% pts

Net margin

30.0%+7.1% pts

FCF margin

41.4%-0.0% pts
MetricTTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Income Statement
Revenue$23.77B$23.77B$21.50B$19.41B$17.61B$15.79B$12.87B$11.17B$9.03B$7.30B$5.85B$4.80B$4.15B$4.06B$4.40B$4.22B$3.80B$2.95B$3.58B$3.16B
Net Income$7.13B$7.13B$5.56B$5.43B$4.76B$4.82B$5.26B$2.95B$2.59B$1.69B$1.17B$629.6M$268.4M$290.0M$832.8M$832.8M$774.7M$386.5M$871.8M$723.8M
EBITDA$9.81B$9.81B$7.96B$7.78B$6.98B$6.59B$4.99B$4.03B$3.19B$2.49B$1.83B$1.24B$726.3M$744.0M$1.48B$1.37B$1.29B$972.9M$1.30B$1.17B
EPS16.7016.7012.3611.8210.1010.0210.836.005.203.382.321.240.530.561.661.651.470.731.591.21
Gross Margin89.3%89.3%89.0%87.9%87.7%88.2%86.6%85.0%86.8%86.2%86.0%84.5%85.0%85.5%89.0%89.6%89.4%89.9%89.9%88.8%
Operating Margin36.6%36.6%36.0%34.3%34.6%36.8%32.9%29.3%31.5%29.7%25.5%18.8%10.0%10.4%26.8%26.1%26.1%23.4%28.7%27.2%
Net Margin30.0%30.0%25.9%28.0%27.0%30.5%40.9%26.4%28.7%23.2%20.0%13.1%6.5%7.2%18.9%19.8%20.4%13.1%24.4%22.9%
Balance Sheet
Debt/Equity0.570.570.430.250.330.280.310.09—————————0.200.08—
Current Ratio0.910.91——————————————————
Cash Flow
Free Cash Flow$9.85B$9.85B$7.87B$6.94B$7.40B$6.88B$5.31B$4.03B$3.76B$2.73B$2.00B$1.28B$1.14B$963.3M$1.23B$1.33B$943.4M$998.2M$1.17B$1.31B
Returns
ROE61.3%61.3%39.4%32.9%33.8%32.6%39.7%28.0%27.7%20.0%15.7%9.0%4.0%4.3%12.5%14.4%14.9%7.9%19.8%15.6%
Valuation
P/E15.8815.8844.7451.6132.74———————————————
EV/EBITDA11.9811.9831.0835.5822.38———————————————
P/B10.0110.0117.6416.9511.08———————————————
Growth & Yield
Revenue Growth10.5%10.5%10.8%10.2%—22.7%15.2%23.7%23.7%24.7%22.1%15.6%2.3%-7.9%4.4%11.0%29.0%-17.7%13.4%—
EPS Growth35.1%35.1%4.6%17.0%—-7.5%80.5%15.4%53.8%45.7%87.1%134.0%-5.4%-66.3%0.6%12.2%101.4%-54.1%31.4%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

13.1%

razonable

EPS terminal req.

$24.18

Spread vs growth

22.0%

5Y implied EPS CAGR

11.9%

razonable

EPS terminal req.

$29.26

Spread vs growth

23.2%

10Y implied EPS CAGR

10.9%

razonable

EPS terminal req.

$47.12

Spread vs growth

24.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -34.3%

Total return

-34.3%

Start / end P/E

33.6x → 16.3x

EPS bridge

12.36 → 16.70

Residual

-18.1%

EPS growth+35.1%
Multiple rerating-51.4%
Dividend+0.0%
Residual / FX / buybacks / cross-term-18.1%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.