Adobe Inc
SWB:ADB

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Adobe Inc
SWB:ADB
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Price: 307.35 EUR 4.47%
Market Cap: 139.8B EUR

DCF Value

This DCF valuation model was created by Alpha Spread and was last updated on Dec 15, 2025.

Estimated DCF Value of one ADB stock is 324.67 EUR. Compared to the current market price of 307.35 EUR, the stock is Undervalued by 5%.

ADB DCF Value
Base Case
324.67 EUR
Undervaluation 5%
DCF Value
Price
Worst Case
Base Case
Best Case
324.67
DCF Value
Worst Case
Base Case
Best Case
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DCF Value: 324.67 EUR

Present Value Calculation

This block is the starting point of the DCF valuation process. It calculates the present value of a company's forecasted cash flows based on selected operating model. Adjust key parameters like discount rate and terminal growth, and alter inputs such as revenue growth and margins to see their impact on valuation.

DCF Model
Base Case Scenario

The present value of cash flows over the next 5 years amounts to 52.1B USD. The present value of the terminal value is 121.5B USD. The total present value equals 173.6B USD.
Forecast Period
Years
Discount Rate
%
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Terminal Growth
%
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DCF Value Calculation

This stage translates the present value into DCF value per share. For firm valuation models, it adjusts present value for debt and assets to derive equity value (skipped if using equity valuation model). Finally, this equity value is divided by the number of shares to determine the DCF value per share.

Present Value to DCF Value
Capital Structure

Present Value 173.6B USD
+ Cash & Equivalents 5B USD
+ Investments 958m USD
Firm Value 179.6B USD
- Debt 6.2B USD
Equity Value 173.4B USD
/ Shares Outstanding 455m
Value per Share 381.03 USD
USD / EUR Exchange Rate 0.8521
ADB DCF Value 324.67 EUR
Undervalued by 5%

Valuation Analysis

Sensitivity Analysis
DCF Value Sensitivity Analysis

Sensitivity Analysis assesses how changes in key factors like revenue growth, margin, and discount rate affect a stock's DCF value. By visualizing various scenarios, from significant downturns to optimistic growth, this tool helps you understand potential valuation shifts, aiding in risk assessment and strategic decision-making.

DCF Financials
Financials used in DCF Calculation

Revenue
25.8B 35.7B
Operating Income
11.9B 16.3B
FCFF
11.8B 14.3B

What is the DCF value of one ADB stock?

Estimated DCF Value of one ADB stock is 324.67 EUR. Compared to the current market price of 307.35 EUR, the stock is Undervalued by 5%.

The true DCF Value lies somewhere between the worst-case and best-case scenario values. This is because the future is not predetermined, and the stock's DCF Value is based almost entirely on the future of the company. Knowing the full range of possible stock DCF values gives a complete picture of the investment risks and opportunities.

How was the DCF Value calculated?

1. Present Value Calculation. Utilizing the DCF operating model, Adobe Inc's future cash flows are projected and then discounted using a chosen discount rate to determine its Present Value, which is calculated at 173.6B USD.

2. DCF Value Calculation. The company's capital structure is employed to derive the total Equity Value from the previously calculated Present Value of the cash flow. This Equity Value, when divided by the total number of outstanding shares, yields the DCF Value of 324.67 EUR per share.

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