Adobe Inc

Adobe Inc

ADBE

Market Cap$212.53B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Adobe IncAdobe Inc40.1-37%10.30.4

Earnings Call Q3 2024

September 12, 2024 - AI Summary

**Strong Q3 Performance**: Adobe reported Q3 FY'24 revenues of $5.41 billion, marking an 11% year-over-year growth. Digital Media revenue stood at $4 billion, reflecting a 12% increase. Document Cloud revenue was particularly strong at $807 million, growing 18% year-over-year while Creative Cloud revenue reached $3.19 billion, up 11% in constant currency.
**Net New Digital Media ARR**: The quarter saw a remarkable net new Digital Media ARR of $504 million, a significant uptick compared to previous quarters. This growth was driven by innovation in both Creative and Document applications, indicating strong demand for their AI-powered features and subscription plans.
**Cautious Q4 Guidance**: Despite the strong performance, Adobe's guidance for Q4 indicates a lower-than-average sequential growth in net new Digital Media ARR, projected at approximately $550 million, sparking concerns among investors about future growth potential. However, this forecast is still the strongest Q4 target the company has issued.

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$614.77

Target Price by Analysts

27.3% upsideAdobe Target Price DetailsTarget Price
$463.53

Current Fair Value

4% downside

Overvalued by 4% based on the discounted cash flow analysis.

Share Statistics

Market cap$212.53 Billion
Enterprise Value$211.44 Billion
Dividend Yield$0 (0%)
Earnings per Share$11.93
Beta1.29
Outstanding Shares445,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio40.08
PEG200.13
Price to Sales10.27
Price to Book Ratio15.09
Enterprise Value to Revenue10.09
Enterprise Value to EBIT27.76
Enterprise Value to Net Income39
Total Debt to Enterprise0.03
Debt to Equity0.42

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Adobe Inc

CEO: Shantanu Narayen