Adobe Inc
ADBE
Market Cap$211.98B
Close$
Earnings Call Q1 2024
March 14, 2024 - AI Summary
Adobe reported strong Q1 FY 2024 financial results, with revenue of $5.18 billion, representing 12% YoY growth.
The company's Digital Media business achieved net new ARR of $432 million and revenue of $3.82 billion, growing 13% YoY.
Document Cloud revenue grew by 18% YoY to reach $750 million, driven by demand for Acrobat subscriptions across all customer segments and geographies.
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$420.05
9.7% downside
Current Fair Value
9.7% downsideOvervalued by 9.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $211.98 Billion |
|---|---|
| Enterprise Value | $208.80 Billion |
| Dividend Yield | $0.0 (0.0%) |
| Earnings per Share | $10.48 |
| Beta | 1.69 |
| Outstanding Shares | 448,000,000 |
| Avg 30 Day Volume | 3,431,193 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 44.15 |
|---|---|
| PEG | -87.82 |
| Price to Sales | 10.57 |
| Price to Book Ratio | 13.68 |
| Enterprise Value to Revenue | 10.47 |
| Enterprise Value to EBIT | 29.95 |
| Enterprise Value to Net Income | 43 |
| Total Debt to Enterprise | 0.02 |
| Debt to Equity | 0.24 |
Revenue Sources
No data
ESG Score
No data
About Adobe Inc
CEO: Shantanu Narayen