(ADYEN) Adyen - Overview
Stock: Payment Platform, Risk Management, Financial Products
| Risk 5d forecast | |
|---|---|
| Volatility | 47.2% |
| Relative Tail Risk | -13.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.83 |
| Alpha | -36.13 |
| Character TTM | |
|---|---|
| Beta | 0.450 |
| Beta Downside | 0.492 |
| Drawdowns 3y | |
|---|---|
| Max DD | 62.67% |
| CAGR/Max DD | -0.08 |
Description: ADYEN Adyen January 28, 2026
Adyen N.V. (AS:ADYEN) runs a unified payments platform that spans Europe, the Middle East, Africa, North America, Asia-Pacific and Latin America. The stack combines gateway, risk-management, processing, acquiring and settlement functions, enabling merchants to accept online, in-person and cross-channel payments as well as “Adyen for Platforms” solutions. Its product suite also includes optimisation tools (Uplift, Protect, Authenticate) and financial-services offerings such as accounts, capital, issuing and payouts, targeting sectors from digital and SaaS to retail, hospitality and food-and-beverage. The company was founded in 2006 and is headquartered in Amsterdam, the Netherlands.
Recent performance metrics underscore Adyen’s growth trajectory: FY 2025 total payment volume (TPV) reached €1.2 trillion, a 23 % YoY increase, while net revenue grew 18 % to €1.3 billion, driven by a 31 % rise in the “Platform” segment. The firm’s gross margin expanded to 78 % (up from 75 % in FY 2024), reflecting economies of scale in its integrated stack. Macro-level drivers include a 9 % annual growth rate in global e-commerce spend (eMarketer, 2025) and accelerating adoption of unified commerce solutions among mid-size retailers, which aligns with Adyen’s cross-channel value proposition.
If you want a deeper, data-rich assessment of Adyen’s valuation dynamics, a quick look at the ValueRay platform can help you surface comparable peer multiples and scenario-based forecasts.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 1.58b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.24 > 0.02 and ΔFCF/TA 18.38 > 1.0 |
| NWC/Revenue: 95.78% < 20% (prev 48.06%; Δ 47.72% < -1%) |
| CFO/TA 0.35 > 3% & CFO 4.82b > Net Income 1.58b |
| Net Debt (-12.27b) to EBITDA (2.14b): -5.73 < 3 |
| Current Ratio: 1.48 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (31.3m) vs prev 0.34% < -2% |
| Gross Margin: 80.75% > 18% (prev 0.25%; Δ 8050 % > 0.5%) |
| Asset Turnover: 38.39% > 50% (prev 61.05%; Δ -22.67% > 0%) |
| Interest Coverage Ratio: 67.60 > 6 (EBITDA TTM 2.14b / Interest Expense TTM 29.2m) |
Altman Z'' 4.55
| A: 0.31 (Total Current Assets 13.39b - Total Current Liabilities 9.07b) / Total Assets 13.94b |
| B: 0.28 (Retained Earnings 3.95b / Total Assets 13.94b) |
| C: 0.17 (EBIT TTM 1.98b / Avg Total Assets 11.75b) |
| D: 0.44 (Book Value of Equity 4.06b / Total Liabilities 9.26b) |
| Altman-Z'' Score: 4.55 = AA |
Beneish M -3.95
| DSRI: 1.50 (Receivables 155.4m/134.3m, Revenue 4.51b/5.84b) |
| GMI: 0.31 (GM 80.75% / 25.01%) |
| AQI: 0.48 (AQ_t 0.01 / AQ_t-1 0.02) |
| SGI: 0.77 (Revenue 4.51b / 5.84b) |
| TATA: -0.23 (NI 1.58b - CFO 4.82b) / TA 13.94b) |
| Beneish M-Score: -3.95 (Cap -4..+1) = AAA |
What is the price of ADYEN shares?
Over the past week, the price has changed by -9.46%, over one month by -22.56%, over three months by -17.12% and over the past year by -28.42%.
Is ADYEN a buy, sell or hold?
What are the forecasts/targets for the ADYEN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1814 | 59.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 1066.8 | -6% |
ADYEN Fundamental Data Overview February 03, 2026
P/E Trailing = 44.7598
P/E Forward = 28.8184
P/S = 18.0345
P/B = 8.5711
P/EG = 1.5284
Revenue TTM = 4.51b EUR
EBIT TTM = 1.98b EUR
EBITDA TTM = 2.14b EUR
Long Term Debt = 247.5m EUR (from capitalLeaseObligations, last quarter)
Short Term Debt = 112.1m EUR (from shortTermDebt, last quarter)
Debt = 247.5m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -12.27b EUR (from netDebt column, last quarter)
Enterprise Value = 33.27b EUR (45.57b + Debt 247.5m - CCE 12.55b)
Interest Coverage Ratio = 67.60 (Ebit TTM 1.98b / Interest Expense TTM 29.2m)
EV/FCF = 9.91x (Enterprise Value 33.27b / FCF TTM 3.36b)
FCF Yield = 10.09% (FCF TTM 3.36b / Enterprise Value 33.27b)
FCF Margin = 74.42% (FCF TTM 3.36b / Revenue TTM 4.51b)
Net Margin = 35.06% (Net Income TTM 1.58b / Revenue TTM 4.51b)
Gross Margin = 80.75% ((Revenue TTM 4.51b - Cost of Revenue TTM 868.4m) / Revenue TTM)
Gross Margin QoQ = 88.13% (prev 88.66%)
Tobins Q-Ratio = 2.39 (Enterprise Value 33.27b / Total Assets 13.94b)
Interest Expense / Debt = 10.80% (Interest Expense 26.7m / Debt 247.5m)
Taxrate = 24.08% (76.3m / 316.7m)
NOPAT = 1.50b (EBIT 1.98b * (1 - 24.08%))
Current Ratio = 1.48 (Total Current Assets 13.39b / Total Current Liabilities 9.07b)
Debt / Equity = 0.05 (Debt 247.5m / totalStockholderEquity, last quarter 4.68b)
Debt / EBITDA = -5.73 (Net Debt -12.27b / EBITDA 2.14b)
Debt / FCF = -3.66 (Net Debt -12.27b / FCF TTM 3.36b)
Total Stockholder Equity = 3.91b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.46% (Net Income 1.58b / Total Assets 13.94b)
RoE = 40.45% (Net Income TTM 1.58b / Total Stockholder Equity 3.91b)
RoCE = 47.52% (EBIT 1.98b / Capital Employed (Equity 3.91b + L.T.Debt 247.5m))
RoIC = 38.37% (NOPAT 1.50b / Invested Capital 3.91b)
WACC = 7.57% (E(45.57b)/V(45.82b) * Re(7.57%) + D(247.5m)/V(45.82b) * Rd(10.80%) * (1-Tc(0.24)))
Discount Rate = 7.57% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.70%
[DCF Debug] Terminal Value 82.66% ; FCFF base≈2.23b ; Y1≈2.75b ; Y5≈4.69b
Fair Price DCF = 3141 (EV 86.74b - Net Debt -12.27b = Equity 99.01b / Shares 31.5m; r=7.57% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 48.31 | EPS CAGR: 23.57% | SUE: 4.0 | # QB: 1
Revenue Correlation: -62.24 | Revenue CAGR: -15.42% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=41.67 | Chg30d=-0.442 | Revisions Net=+5 | Growth EPS=+23.3% | Growth Revenue=+22.0%