TechnologySoftware - ApplicationUnited States

ADBE.US · Adobe Inc.

NMS · US · USD

Latest price245.44美元

30D-1.56%

Vs. base value+36.6%

Research summary

ADBE.US latest organized financial period shows revenue up 0% year over year and net income up 0% year over year. Current price is about 245.44美元, while the model base case is about 179.70美元; the price is 36.6% from the base case. This summary is intended for public-information research and model review.

Key financial trend

Unit: 美元

80 records

Revenue237.7亿美元

Net income71.3亿美元

Free cash flow98.52亿美元

Operating cash flow100.3亿美元

Price trend

Price date: 2026/04/23 · Updated: 2026/04/25 07:52

Valuation model range

Hover each model row to inspect formulas and inputs.

Current price245.44美元

Base value179.70美元

Vs. base+36.6%

Price date2026/04/23

179.70美元179.70美元187.26美元

+36.58%

Calculated

DCF

Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.

292.43美元292.43美元314.96美元

-16.07%

292.43美元Current price is 16.1% below the base model value.

FormulaValue/share = PV(FCF/share for 10 years) + PV(terminal value)Inputs used

Result: 292.43美元
Current price: 245.44美元
Estimated shares: 426,946,108
Discount rate: 9.5%
Bear value: 292.43美元
Base value: 292.43美元
Bull value: 314.96美元
基准 FCF/股：23.08
基准增长：0.0%
WACC：9.5%
永续增长：3.0%

Calculated

Owner Earnings

Uses recent net income as an owner-earnings proxy and discounts scenario growth.

196.10美元196.10美元211.21美元

+25.16%

196.10美元Current price is 25.2% above the base model value.

FormulaValue/share = PV(owner earnings/share) + PV(terminal value)Inputs used

Result: 196.10美元
Current price: 245.44美元
Estimated shares: 426,946,108
Discount rate: 9.5%
Bear value: 196.10美元
Base value: 196.10美元
Bull value: 211.21美元
近 3 年净利润均值近似所有者收益
基准增长：0.0%
WACC：9.5%

Calculated

Reverse DCF

Solves the forward FCF growth rate implied by the current price.

---

-2.4%当前价格隐含未来 FCF 年化增长约 -2.4%。

FormulaSolve growth where DCF value/share = current priceInputs used

Result: -2.4%
Current price: 245.44美元
Estimated shares: 426,946,108
Discount rate: 9.5%
基准 FCF/股：23.08
WACC：9.5%
永续增长：3.0%

Calculated

Earnings Power Value

Estimates earnings power value without assuming growth.

163.30美元163.30美元163.30美元

+50.3%

163.30美元Current price is 50.3% above the base model value.

FormulaEPV/share = normalized NOPAT / WACC / sharesInputs used

Result: 163.30美元
Current price: 245.44美元
Estimated shares: 426,946,108
Discount rate: 9.5%
Base value: 163.30美元
近 3 年营业利润均值
有效税率按 21% 估算
WACC：9.5%

Updated: 2026/04/25 07:52

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Quarterly and annual financial table

Financial DetailsShowing latest 5 / 80

Period	Type	Revenue	Net Income	Free Cash Flow	Diluted EPS
2025/11/29	Annual	237.7亿美元	71.3亿美元	98.52亿美元	16.7
2025/11/27	Annual	237.7亿美元	71.3亿美元	98.52亿美元	16.7
2024/11/29	Annual	215.1亿美元	55.6亿美元	78.73亿美元	12.36
2024/11/28	Annual	215.1亿美元	55.6亿美元	78.73亿美元	12.36
2023/11/30	Annual	194.1亿美元	54.28亿美元	69.42亿美元	11.82

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