ADBE · Research
Adobe Throws Off 41% Cash Margins While the Market Prices a Fading Franchise
Adobe Inc. (ADBE) earns a "Buy" rating and an institutional Quality Score of 80/100 (Grade A). On $23.77B in baseline revenue (10.7% growth, 88.6% gross margin, 41.4% FCF margin), our 5-year DCF yields an Enterprise Value of $188.89B ($448.34/share vs. $332.64 market price).
Adobe Inc. (ADBE) earns a "Buy" rating and an institutional Quality Score of 80/100 (Grade A). On $23.77B in baseline revenue (10.7% growth, 88.6% gross margin, 41.4% FCF margin), our 5-year DCF yields an Enterprise Value of $188.89B ($448.34/share vs. $332.64 market price).
On the R&D Return Benchmark, ADBE ranks #70 of 166 (Harvesters · Grade BB, 0.53× return).
Key rating factors
- TTM revenue
- $23.77B
- R&D % of spend
- 18.1%
- Rule of 40
- 52.1%
- R&D return
- 0.53x