Grufity logoGrufity logo

Adobe Inc. Stock Research

ADBE

373.15USD-1.81(-0.48%)Market Closed

Market Summary

USD373.15-1.81
Market Closed
-0.48%

ADBE Alerts

ADBE Stock Price

ADBE RSI Chart

ADBE Valuation

Market Cap

172.4B

Price/Earnings (Trailing)

36.25

Price/Sales (Trailing)

9.79

EV/EBITDA

24.63

Price/Free Cashflow

23.31

ADBE Price/Sales (Trailing)

ADBE Profitability

Operating Margin

87.70%

EBT Margin

34.12%

Return on Equity

33.85%

Return on Assets

17.51%

Free Cashflow Yield

4.29%

ADBE Fundamentals

ADBE Revenue

Revenue (TTM)

17.6B

Revenue Y/Y

10.1%

Revenue Q/Q

2.08%

ADBE Earnings

Earnings (TTM)

4.8B

Earnings Y/Y

-4.62%

Earnings Q/Q

3.52%

Price Action

52 Week Range

274.73473.49
(Low)(High)

Last 7 days

6.1%

Last 30 days

7.5%

Last 90 days

10.8%

Trailing 12 Months

-13.2%

ADBE Financial Health

Current Ratio

1.11

Debt/Equity

0.26

Debt/Cashflow

2.16

ADBE Investor Care

Buy Backs (1Y)

2.74%

Diluted EPS (TTM)

10.1

Peers (Alternatives to Adobe)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
11.55% -7.07%
30.51
10.08
10.38% -5.25%
242.9B
46.1B
1.96% 8.47%
27.61
5.27
11.29% -14.28%
190.7B
31.4B
16.34% -11.18%
916.76
6.08
19.41% -85.60%
172.4B
17.6B
7.52% -13.23%
36.25
9.79
11.54% -1.37%
20.3B
4.4B
-5.93% -41.37%
195.4
4.61
7.15% -92.46%
12.1B
-
-7.60% 30.28%
44.35
17.39
- -
MID-CAP
9.6B
-
-1.97% 16.85%
-45.68
15.19
- -
9.2B
767.1M
3.22% 4.63%
71.51
12.02
15.59% 16.73%
6.4B
869.9M
7.80% -18.19%
-32.11
7.33
13.87% -103.37%
2.9B
468.0M
-7.97% -36.63%
-19.51
6.29
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.2B
383.7M
7.01% -39.43%
-9.85
3.22
14.43% -50.89%
1.1B
399.9M
31.21% 29.01%
-13.97
2.84
4.73% 8.15%
136.0M
317.3M
-51.83% -75.83%
-1.99
0.43
5.06% -17.52%

Financials for Adobe

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.4%17,60617,19116,69316,14215,785
Cost Of Revenue2.9%2,1652,1042,0251,9301,865
Gross Profit2.3%15,44115,08714,66814,21213,920
Operating Expenses3.9%9,3438,9938,6178,2848,118
  S&GA Expenses3.5%4,9684,8024,6044,4304,321
EBITDA0.9%6,9766,9176,855--
EBITDA Margin-1.5%0.40*0.40*0.41*--
Earnings Before Taxes0.8%6,0085,9595,9215,8155,705
EBT Margin-1.6%0.34*0.35*0.35*--
Interest Expenses0%112112111111113
Net Income-1.2%4,7564,8134,8894,8274,822
Net Income Margin-3.5%0.27*0.28*0.29*--
Free Cahsflow3.7%7,3967,1296,859--
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.6%27,16526,74426,32625,97627,241
  Current Assets6.0%8,9968,4897,9087,4768,669
    Cash Equivalents9.5%4,2363,8703,3652,7393,844
  Net PPE2.7%1,9081,8581,7901,7031,673
  Goodwill0.2%12,78712,76012,80012,80012,668
Liabilities6.0%13,11412,37112,34112,20112,444
  Current Liabilities9.3%8,1287,4387,3857,1976,932
  Long Term Debt0.1%3,6293,6273,6273,6264,123
Shareholder's Equity-2.2%14,05114,37313,98513,77514,797
  Retained Earnings4.3%28,31927,15826,02224,96123,905
  Additional Paid-In Capital3.4%9,8689,5489,1028,7508,428
Shares Outstanding-1.1%462467471472475
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations3.4%7,8387,5797,2797,2277,230
  Share Based Compensation9.0%1,4401,3211,2231,1311,069
Cashflow From Investing74.6%-570-2,240-2,270-2,239-3,537
Cashflow From Financing-13.9%-6,825-5,992-5,831-5,661-4,301
  Buy Backs12.9%6,5505,8005,6005,4003,950

Risks for ADBE

What is the probability of a big loss on ADBE?

58.9%


Probability that Adobe stock will be more than 20% underwater in next one year

22.7%


Probability that Adobe stock will be more than 30% underwater in next one year.

16.9%


Probability that Adobe stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ADBE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Adobe was unfortunately bought at previous high price.

Drawdowns

Returns for ADBE

Cumulative Returns on ADBE

24.3%


10-Year Cumulative Returns

22.1%


7-Year Cumulative Returns

11.8%


5-Year Cumulative Returns

6.6%


3-Year Cumulative Returns

What are the long-term rolling returns for ADBE?

FIve years rolling returns for Adobe.

Annualized Returns

Which funds bought or sold ADBE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-24
PALISADE CAPITAL MANAGEMENT, LP
reduced
-6.54
540,757
4,325,760
0.12%
2023-03-24
Longbow Finance SA
new
-
6,820,450
6,820,450
0.92%
2023-03-24
Freemont Management S.A.
unchanged
-
429,710
2,355,710
0.37%
2023-03-23
ETF MANAGERS GROUP, LLC
added
3.79
110,987
524,987
0.03%
2023-03-23
MetLife Investment Management, LLC
reduced
-2.78
7,478,010
47,081,200
0.38%
2023-03-17
American Portfolios Advisors
added
0.54
-1,336,980
4,139,280
0.17%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-5.71
868,498
6,551,500
0.18%
2023-03-13
Claro Advisors LLC
added
30.09
71,105
432,105
0.14%
2023-03-10
MATHER GROUP, LLC.
added
14.17
588,126
2,072,130
0.04%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-4.04
21,973,700
148,614,000
0.16%

1–10 of 45

Latest Funds Activity

Are funds buying ADBE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ADBE
No. of Funds

Adobe News

Seeking Alpha

DocuSign Stock: Not Signing Me On (NASDAQ:DOCU).

Seeking Alpha,
3 hours ago

MarketWatch

Zacks Investment Research

Morningstar

Amazon tech layoffs roll on -4-.

Morningstar,
11 hours ago

Seeking Alpha

Seeking Alpha

Investor's Business Daily

Investor's Business Daily

Schedule 13G FIlings of Adobe

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.48%
39,402,963
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 06, 2023
blackrock inc.
7.9%
36,910,590
SC 13G/A
Feb 09, 2022
vanguard group inc
8.08%
38,433,923
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 01, 2022
blackrock inc.
7.9%
37,526,571
SC 13G/A
Feb 10, 2021
vanguard group inc
7.98%
38,284,290
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A
Jan 29, 2021
blackrock inc.
7.9%
37,765,781
SC 13G/A
Feb 12, 2020
vanguard group inc
7.96%
38,580,076
SC 13G/A

ADBE Fair Value

Adobe fair value in different scenarios

The table shows the Fair Value estimates for Adobe for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

318.15

-14.74%

421.03

12.83%

590.33

58.20%

863.99

131.54%

1025.85

174.92%
Current Inflation

287.16

-23.04%

373.91

0.20%

513.47

37.60%

739.92

98.29%

872.53

133.83%
Very High Inflation

249.58

-33.12%

317.91

-14.80%

424.40

13.73%

598.60

60.42%

699.27

87.40%

Historical Adobe Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Adobe

View All Filings
Date Filed Form Type Document
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 15, 2023
8-K
Current Report
Mar 03, 2023
DEFA14A
DEFA14A
Mar 03, 2023
DEF 14A
DEF 14A
Mar 03, 2023
ARS
ARS
Mar 01, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading

Latest Insider Trading transactions for ADBE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-17
WARNOCK JOHN E
sold
-536,865
357
-1,500
-
2023-03-17
Garfield Mark S.
sold
-46,831
354
-132
svp & cao
2023-03-15
Garfield Mark S.
acquired
-
-
520
svp & cao
2023-03-15
Garfield Mark S.
sold (taxes)
-85,737
333
-257
svp & cao
2023-03-14
Wadhwani David
sold (taxes)
-319,330
333
-958
president, digital media
2023-03-14
Wadhwani David
acquired
-
-
1,933
president, digital media
2023-02-28
Chen Gloria
sold (taxes)
-35,634
323
-110
evp, chief people officer
2023-02-28
Chen Gloria
acquired
-
-
223
evp, chief people officer
2023-02-15
Durn Daniel
acquired
-
-
3,836
evp & cfo
2023-02-15
Durn Daniel
sold (taxes)
-754,888
375
-2,008
evp & cfo

1–10 of 50

Shantanu Narayen
26000
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.

ADBE Income Statement

2022-12-02
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 02, 2022
Dec. 03, 2021
Nov. 27, 2020
Revenue:   
Subscription$ 16,388$ 14,573$ 11,626
Product532555507
Services and other686657735
Total revenue17,60615,78512,868
Cost of revenue:   
Subscription1,6461,3741,108
Product354136
Services and other484450578
Total cost of revenue2,1651,8651,722
Gross profit15,44113,92011,146
Operating expenses:   
Research and development2,9872,5402,188
Sales and marketing4,9684,3213,591
General and administrative1,2191,085968
Amortization of intangibles169172162
Total operating expenses9,3438,1186,909
Operating income6,0985,8024,237
Non-operating income (expense):   
Interest expense(112)(113)(116)
Investment gains (losses), net(19)1613
Other income (expense), net41042
Total non-operating income (expense), net(90)(97)(61)
Income before income taxes6,0085,7054,176
Provision for (benefit from) income taxes1,252883(1,084)
Net income$ 4,756$ 4,822$ 5,260
Basic net income per share$ 10.13$ 10.10$ 10.94
Shares used to compute basic net income per share469.5477.3480.9
Diluted net income per share$ 10.10$ 10.02$ 10.83
Shares used to compute diluted net income per share470.9481.0485.5

ADBE Balance Sheet

2022-12-02
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 02, 2022
Dec. 03, 2021
Current assets:  
Cash and cash equivalents$ 4,236$ 3,844
Short-term investments1,8601,954
Trade receivables, net of allowances for doubtful accounts of $23 and $16, respectively2,0651,878
Prepaid expenses and other current assets835993
Total current assets8,9968,669
Property and equipment, net1,9081,673
Operating lease right-of-use assets, net407443
Goodwill12,78712,668
Other intangibles, net1,4491,820
Deferred income taxes7771,085
Other assets841883
Total assets27,16527,241
Current liabilities:  
Trade payables379312
Accrued expenses1,7901,736
Debt5000
Deferred revenue5,2974,733
Income taxes payable7554
Operating lease liabilities8797
Total current liabilities8,1286,932
Long-term liabilities:  
Debt3,6294,123
Deferred revenue117145
Income taxes payable530534
Operating lease liabilities417453
Other liabilities293257
Total liabilities13,11412,444
Commitments and contingencies
Stockholders' equity:  
Preferred stock, $0.0001 par value; 2 shares authorized; none issued00
Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued; 462 and 475 shares outstanding, respectively00
Additional paid-in-capital9,8688,428
Retained earnings28,31923,905
Accumulated other comprehensive income (loss)(293)(137)
Treasury stock, at cost (139 and 126 shares, respectively)(23,843)(17,399)
Total stockholders' equity14,05114,797
Total liabilities and stockholders' equity$ 27,165$ 27,241