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Adobe Systems Incorporated

Business Score
75 (0-100)

Ticker
ADBE

Key Statistics
Industry
Sector
52-Week Price Range
Average Daily Volume
Market Capitalization
P/E (Trailing)
Dividend Yield
Shares Outstanding

Report Date
04/27/2015

Close Price as of Report Date


76.54

Profitability

Software & Programming


Technology
57.15 - 77.56
2,235 ('000)
34,947 (Mil)
132.3
0%
498 (Mil)

Business Description
* Sector Percentile
* Industry Percentile

99%
99%

Worst in Industry

Best in Industry

Profit Margin (ttm):


Operating Margin (ttm):
Management Effectiveness

Return on Assets (ttm):


Return on Equity (ttm):
DSO
DSI
DPO
Income Statement
Revenue (ttm):
Qtrly Revenue Growth (yoy):
Net Income Avl to Common (ttm):
Diluted EPS (ttm):
Qtrly Earnings Growth (yoy):

Adobe Systems Incorporated (Adobe) is a diversified software company. The


Financial Strength
Company offers a line of software and services used by professionals, marketers,
Total Debt/Equity (mrq):
knowledge workers, application developers, enterprises and consumers for
Current Ratio (mrq):
creating, managing, delivering, measuring and engaging with content and
Piotroski F-Score
experiences across multiple operating systems, devices and media. The Company
Cash Flow Statement
markets and licenses its software directly to enterprise customers through its
Operating Cash Flow (ttm):
sales force and to end users through application stores and its Website at
Net Cash Flow
www.adobe.com. Adobe also distributes its products through a network of
Multiples
distributors, value-added resellers (VARs), systems integrators, independent
P/E
software vendors (ISVs), retailers and original equipment manufacturers (OEMs).
P/CFP
In May 2013, it acquired Ideacodes LLC. In July 2013, the Company announced
P/FCF
the completion of acquisition of privately held Neolane.

P/S
Help ??

FINANCIAL STATEMENTS & VALUATION HIGHLIGHTS


REVENUES ($M)

COGS ($M)

R&D ($M)

OPERATING
INCOME ($M)

EPS (Dil-Cont)

$4,147

$622

$844

$433

$0.53

6.1%

2.2%

2.3%

2.3%

DCF / MULTIPLES / MONTE CARLO

SOURCES OF VALUE

Fair Value Range

Median

Margin of Safety

Accuracy

Upside Potential

28.5 - 50

39.2

-95%

ALL FINE

-49%

CURRENT PRICE

76.5

Median Growth Rate: 8 %

-5.4%

Incremental $ Value

Dividend Value
KEY METRICS BALANCE SHEET
2%

ASSETS

LIABILITIES

2%

BillionS
YEAR AGO

BillionS

DCF

2%
1%

YEAR AGO

1%

PE Sector

1%
MRQ

MRQ

1%
1%

CURRENT ASSETS

10

15

TOTAL ASSEST

CURRENT LIABILITIES

10

12

TOTAL LIABILITIES

0%

P/B Sector

0%

CASH + INVESTMENTS 3.82

QUICK RATIO 1.8

WORKING CAPITAL 2.11

Benjamin Graham formula

V* = -0.53

8.2
11.8
15.4
18.9
22.5
26.1
29.7
33.3
36.8
40.4
44.0
47.6
51.1
54.7
58.3
61.9
65.5
69.0
72.6
76.2

0%

CURRENT RATIO 1.8

80

60

40

20

MOS = -14423.9% Recommended MOS = 60%

Altman Z-Score

Original(Revised): 6.9 (12.8)

Z > 2.6 -Safe Zone / 1.1 < Z < 2.6 -Grey Zone / Z < 1.1 -Distress Zone

Benish M Score

(3.01)

Score greater than -1.78 indicates a strong likelyhood of earnings manupilation

Net Net Working Capital

0.92

Discount compared to NNWC : -8240.9%

Net Current Asset Value

1.19

Discount compared to NNWC : -6335.9%

Piotroski Score

7.00

0-9 Score indicating financial strength

http://en.wikipedia.org/wiki/Benjamin_Graham_formula

http://en.wikipedia.org/wiki/Altman_Z-score

http://www.ft.com/cms/s/0/8588d422-b6ca-11e1-8c96-00144feabdc0.html#axzz3Aj4NuJe1

Disclosures: Because of the possibility of human or mechanical error by OneTouchInvesting's sources, OneTouchInvestingInvesting.com does not guarantee the accuracy, adequacy, completeness or availability of any information contained
Research Reports. OneTouchInvesting.com is not responsible for any errors or omissions or for the results obtained from the use of such information. OneTouchInvesting.com GIVES NO EXPRESS OR IMPLIED WARRANTIES,
INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, ACCURACY, TIMELINESS OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall OneTouchInvesting.com be liable for any
indirect, special or consequential damages in connection with subscribers or others use of Research Reports. OneTouchInvesting.com makes no recommendation regarding any of the securities contained herein, the information presented here
is our Opinion and is Only for educational purposes, PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION. OneTouchInvesting.com makes no offer or solicitation to buy or sell any of the securities
contained herein. The analysis here is my OPINION ONLY, I am not a financial advisor and assume no responsibility for loses resulting from following the my opinion.

Copyright One Touch Investing. All rights reserved.

20

Price Target

Detail Technical Analysis Report


Ticker
ADBE

Date
Price

Help ??

Sector
Industry

4/24/2015

76.54

Technology
Software & Programming

High Coincedence Fibonacci Targets


80.0

Choppiness Idx

Technical Trends

1 - 3 Weeks

80

Technical Analysis Synopsis

Short Term Mid Term Long Term

90

1 - 3 Weeks

2 - 4 Weeks

78.0

Fibonacci

Bullish

Bullish

Bullish

Moving Average

Bullish

Bullish

Bullish

Trend Lines

Bearish

Bullish

Bullish

Price Target ($)

50

11--33Weeks
Weeks

40

76.0

30

75.0

1 - 3 Weeks

0 - 2 Weeks

10

73.0
20%

Resistance

0.0

Support

0.0

Momentum - RSI

RSI - Neutral

Momentum-MACD

Mixed

Volume

OBV Price Divergence

30%

40%

50%

60%

70%

80%

90%

Stop

Nearest Supply

77.0

Suppy & Demand

76.99

74.34

74.3

Fibonacci 1

78.41

75.94

Fibonacci 2

79.15

75.27

Fibonacci 3

79.76

74.67

0
100%

- - / Not in Squeeze

Medium Probability

Target

Nearest Demand

Probability
Low
Probability

20D MA Below 50D MA

20

74.0

10%

Cycle Mode

Moving Average

Short Term Technical Price Targets

2 - 4 Weeks
1 - 3 Weeks

0%

Down Trend

Trending / Cycle
Mixed

MACD

60

77.0

Price Trend
Bearish

Supply & Demand

79.0
70

22.24

High Probability

Demand Level
SMA20

Supply Level
SMA50

SMA200

80.30

79.64

77.73
76.99
75.66

75.16

74.34

72.58
71.69

70.01
69.04

67.44
64.87

65.06

62.29

62.41

59.72

Phase Adaptive RSI

On Balance Volume

Volume
95% Vol 6.6M

Avg Vol 3.2M

MACD (12,26,9)

2/14/2014

3/14/2014

4/14/2014

5/14/2014

6/14/2014

7/14/2014

8/14/2014

9/14/2014

10/14/2014

11/14/2014

12/14/2014

1/14/2015

2/14/2015

3/14/2015

4/14/2015

Disclosures: Because of the possibility of human or mechanical error by OneTouchInvesting's sources, OneTouchInvestingInvesting.com does not guarantee the accuracy, adequacy, completeness or availability of any information
contained Research Reports. OneTouchInvesting.com is not responsible for any errors or omissions or for the results obtained from the use of such information. OneTouchInvesting.com GIVES NO EXPRESS OR IMPLIED
WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, ACCURACY, TIMELINESS OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall
OneTouchInvesting.com be liable for any indirect, special or consequential damages in connection with subscribers or others use of Research Reports. OneTouchInvesting.com makes no recommendation regarding any of the
securities contained herein, the information presented here is our Opinion and is Only for educational purposes, PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION.
OneTouchInvesting.com makes no offer or solicitation to buy or sell any of the securities contained herein.

Copyright One Touch Investing. All rights reserved.

5/14/2015