Enterprise Value (EV)
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
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Current Enterprise Value (EV)
Adobe Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Preferred stock, $0.0001 par value; none issued (per books) | |
| Total equity | |
| Add: Debt, current portion (per books) | |
| Add: Debt, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Short-term investments | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2024-11-29).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Adobe Inc., EV calculation
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Adobe Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity and Market Value Trends
- The common equity (market value) and total equity exhibit an overall upward trend from 2019 to 2021, increasing from approximately 168.7 billion USD to 235.8 billion USD. However, a decline is observed in 2022 where both values drop to around 157.7 billion USD before rising sharply again in 2023 to approximately 269.4 billion USD. A notable decrease occurs again in 2024, with values falling to about 177.8 billion USD.
- Total Equity and Debt
- Total equity and debt closely mirror the pattern of total equity, beginning at about 168.7 billion USD in 2019, reaching a peak near 239.9 billion USD in 2021, followed by a decline in 2022 to around 161.8 billion USD. It then rebounds strongly in 2023 to roughly 273.1 billion USD and falls again in 2024 to approximately 183.4 billion USD. The changes indicate fluctuations in debt alongside equity but maintain a similar overall trajectory.
- Enterprise Value (EV)
- Enterprise value follows a pattern similar to that of total equity and total equity and debt. It increased steadily through 2019 to 2021, peaking at about 234.1 billion USD before declining to around 155.7 billion USD in 2022. EV then rises significantly in 2023, reaching approximately 265.2 billion USD, but decreases again to near 175.6 billion USD by 2024.
- Summary of Financial Trends
- Across all observed metrics, there is a consistent pattern of growth from 2019 through 2021, followed by a pronounced decline in 2022. The data for 2023 shows strong recovery and growth in all values, but 2024 marks another substantial decrease. These fluctuations may suggest periods of market volatility or shifts in financial strategy impacting equity valuation and capital structure.