Adobe Inc
ADBE
Market Cap$213.5B
Close$
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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$431.69
11.6% downside
Current Fair Value
11.6% downsideOvervalued by 11.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $213.50 Billion |
|---|---|
| Enterprise Value | $210.32 Billion |
| Dividend Yield | $0.0 (0.0%) |
| Earnings per Share | $10.48 |
| Beta | 1.64 |
| Outstanding Shares | 448,000,000 |
| Avg 30 Day Volume | 2,962,637 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 44.47 |
|---|---|
| PEG | -88.44 |
| Price to Sales | 11.09 |
| Price to Book Ratio | 14.36 |
| Enterprise Value to Revenue | 10.55 |
| Enterprise Value to EBIT | 30.17 |
| 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