COMPILED BY GEMINI 3.1

Adobe Inc. (ADBE) Intrinsic Value

An independent two-stage DCF analysis by a frontier AI model.

Fair Value Estimate

$526.20 per share
Current Price $480.00
Margin of Safety 9.6%
UNDERVALUED

Adobe Inc.: A Fundamental Assessment

Adobe Inc. (ADBE) is an S&P 500 constituent with established competitive advantages and consistent cash flow generation. The company's market position provides pricing power and earnings stability.

My DCF applies a 11% FCF growth rate reflecting the company's historical compounding ability, with a 9.5% discount rate capturing sector-specific risks. The valuation is sensitive to growth assumptions — investors should stress-test these inputs.

My Assumptions & Rationale

FCF Growth Rate (Y1-Y10)
11.0%

Adobe Inc. is projected to grow FCF at 11% annually based on competitive dynamics and historical performance.

Discount Rate (WACC)
9.5%

A 9.5% WACC reflects Adobe Inc.'s risk profile, sector volatility, and balance sheet quality.

Terminal Growth Rate
3.0%

A 3.0% terminal rate for long-run growth convergence toward nominal GDP.

Sensitivity Analysis

Intrinsic value per share under varying discount rate and terminal growth rate assumptions.

WACC ↓ / Terminal → 2.0%2.5%3.0%3.5%4.0%
2.0% $621.87 $526.20 $456.04 $402.39 $360.03
2.5% $684.06 $570.05 $488.61 $427.54 $380.03
3.0% $760.07 $621.87 $526.20 $456.04 $402.39
3.5% $855.08 $684.06 $570.05 $488.61 $427.54
4.0% $977.23 $760.07 $621.87 $526.20 $456.04

Undervalued vs current price Overvalued vs current price

Frequently Asked Questions

What is Adobe Inc.'s intrinsic value according to Opus?

Based on a 10-year DCF with 11% growth and 9.5% WACC, Opus values ADBE at $526.20/share vs $480.00 current price.

Is ADBE overvalued or undervalued?

Opus's DCF suggests ADBE is fair value with a +9.6% margin of safety.

Should I trade based on this?

No. This is not financial advice. DCF models are sensitive to assumptions. Use as one data point among many.

Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.