Discounted Cash Flow
Adobe Inc.
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—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $5.9b | $1.2b | $2.0b | 20.0% | $2.35 |
| 2017 | $7.3b (24.7%) | $1.7b (44.9%) | $2.7b (37.0%) | 23.2% (16.2%) | $3.43 (46.0%) |
| 2018 | $9.0b (23.7%) | $2.6b (52.9%) | $3.8b (37.6%) | 28.7% (23.7%) | $5.28 (53.9%) |
| 2019 | $11.2b (23.7%) | $3.0b (13.9%) | $4.0b (7.0%) | 26.4% (-7.9%) | $6.07 (15.0%) |
| 2020 | $12.9b (15.2%) | $5.3b (78.2%) | $5.3b (31.8%) | 40.9% (54.7%) | $10.94 (80.2%) |
| 2021 | $15.8b (22.7%) | $4.8b (-8.3%) | $6.9b (29.7%) | 30.5% (-25.3%) | $10.10 (-7.7%) |
| 2022 | $17.6b (11.5%) | $4.8b (-1.4%) | $7.4b (7.5%) | 27.0% (-11.6%) | $10.13 (0.3%) |
| 2023 | $19.4b (10.2%) | $5.4b (14.1%) | $6.9b (-6.1%) | 28.0% (3.5%) | $11.87 (17.2%) |
| 2024 | $21.5b (10.8%) | $5.6b (2.4%) | $7.9b (13.4%) | 25.9% (-7.6%) | $12.43 (4.7%) |
| 2025 | $23.8b (10.5%) | $7.1b (28.2%) | $9.9b (25.1%) | 30.0% (16.0%) | $16.73 (34.6%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.