ENXTAM:ADYEN

Stock Analysis Report

Executive Summary

Adyen N.V. operates as technology company in the Netherlands, Brazil, Singapore, the United Kingdom, Canada, Australia, South Korea, Hong Kong, Mexico, China, New Zealand, Malaysia, India, Japan, and the United States.

Snowflake

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Adyen's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ADYEN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.1%

ADYEN

-0.06%

NL IT

1.0%

NL Market


1 Year Return

7.7%

ADYEN

7.9%

NL IT

9.0%

NL Market

Return vs Industry: ADYEN underperformed the Dutch IT industry which returned 7.9% over the past year.

Return vs Market: ADYEN underperformed the Dutch Market which returned 9% over the past year.


Shareholder returns

ADYENIndustryMarket
7 Day-0.1%-0.06%1.0%
30 Day-0.6%-0.4%2.0%
90 Day-2.6%-2.3%9.2%
1 Year7.7%7.7%7.9%7.9%13.9%9.0%
3 Yearn/a6.3%1.4%47.1%31.0%
5 Yearn/a57.5%-25.9%66.1%33.3%

Price Volatility Vs. Market

How volatile is Adyen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Adyen undervalued compared to its fair value and its price relative to the market?

107.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ADYEN (€638.2) is trading above our estimate of fair value (€464.35)

Significantly Below Fair Value: ADYEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ADYEN is poor value based on its PE Ratio (107.5x) compared to the IT industry average (19.8x).

PE vs Market: ADYEN is poor value based on its PE Ratio (107.5x) compared to the Dutch market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: ADYEN is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: ADYEN is overvalued based on its PB Ratio (28.6x) compared to the NL IT industry average (3.9x).


Next Steps

Future Growth

How is Adyen forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

28.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADYEN's forecast earnings growth (28.9% per year) is above the savings rate (0.4%).

Earnings vs Market: ADYEN's earnings (28.9% per year) are forecast to grow faster than the Dutch market (11.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ADYEN's revenue (18% per year) is forecast to grow faster than the Dutch market (5.3% per year).

High Growth Revenue: ADYEN's revenue (18% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADYEN's Return on Equity is forecast to be high in 3 years time (25.9%)


Next Steps

Past Performance

How has Adyen performed over the past 5 years?

32.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if ADYEN has high quality earnings.

Growing Profit Margin: ADYEN's current net profit margins (8.4%) are higher than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: ADYEN's earnings have grown significantly by 32.5% per year over the past 5 years.

Accelerating Growth: ADYEN's earnings growth over the past year (91%) exceeds its 5-year average (32.5% per year).

Earnings vs Industry: ADYEN earnings growth over the past year (91%) exceeded the IT industry 15.2%.


Return on Equity

High ROE: ADYEN's Return on Equity (26.5%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Adyen's financial position?


Financial Position Analysis

Short Term Liabilities: ADYEN's short term assets (€1.8B) exceeds its short term liabilities (€1.3B)

Long Term Liabilities: ADYEN's short term assets (1.8B) exceeds its long term liabilities (106.3M)


Debt to Equity History and Analysis

Debt Level: ADYEN is debt free.

Reducing Debt: ADYEN has not had any debt for past 5 years.

Debt Coverage: ADYEN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ADYEN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ADYEN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ADYEN's debt is covered by short term assets.


Next Steps

Dividend

What is Adyen's current dividend yield, its reliability and sustainability?

0.097%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.5%industryaverage1.7%forecastin3Years0.1%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate ADYEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ADYEN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ADYEN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADYEN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ADYEN's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

What is the CEO of Adyen's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

Pieter van der Does (49yo)

0yrs

Tenure

0

Mr. Pieter Willem van der Does is a Co-founder, Chief Executive Officer and President of Adyen B.V. and has been its Member of Management Board since July 6, 2007. Prior to co-founded Adyen in 2006, Mr. va ...


Management Age and Tenure

2.6yrs

Average Tenure

47yo

Average Age

Experienced Management: ADYEN's management team is considered experienced (2.6 years average tenure).


Board Age and Tenure

2.7yrs

Average Tenure

57yo

Average Age

Experienced Board: ADYEN's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: ADYEN insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Buy€291,97905 Nov 19
Joannes Wijn
EntityIndividual
Role
Member of Management Board
Chief Strategy & Risk Officer and Member of Management Board
Shares3,583
Max Price€81.49
Sell€2,284,09105 Nov 19
Joannes Wijn
EntityIndividual
Role
Member of Management Board
Chief Strategy & Risk Officer and Member of Management Board
Shares3,583
Max Price€637.48
Buy€2,563,94501 Nov 19
Roelant Prins
EntityIndividual
Role
Member of Management Board
Chief Commercial Officer & Member of Management Board
Shares4,022
Max Price€637.48
Sell€44,04101 Nov 19
Roelant Prins
EntityIndividual
Role
Member of Management Board
Chief Commercial Officer & Member of Management Board
Shares4,022
Max Price€10.95
Sell€2,128,76802 Oct 19
Joannes Wijn
EntityIndividual
Role
Member of Management Board
Chief Strategy & Risk Officer and Member of Management Board
Shares3,583
Max Price€594.13
Buy€291,97902 Oct 19
Joannes Wijn
EntityIndividual
Role
Member of Management Board
Chief Strategy & Risk Officer and Member of Management Board
Shares3,583
Max Price€81.49
Sell€3,960,47101 Oct 19
Ingo Uytdehaage
EntityIndividual
Role
Chief Financial Officer
CFO & Member of Management Board
Shares6,666
Max Price€594.13
Buy€72,99301 Oct 19
Ingo Uytdehaage
EntityIndividual
Role
Chief Financial Officer
CFO & Member of Management Board
Shares6,666
Max Price€10.95
Sell€618,84511 Sep 19
Samuel Halse
EntityIndividual
Role
Chief Operating Officer
COO & Member of Management Board
Shares1,002
Max Price€617.61
Buy€10,97211 Sep 19
Samuel Halse
EntityIndividual
Role
Chief Operating Officer
COO & Member of Management Board
Shares1,002
Max Price€10.95
Sell€1,493,38110 Sep 19
Ingo Uytdehaage
EntityIndividual
Role
Chief Financial Officer
CFO & Member of Management Board
Shares2,418
Max Price€617.61
Buy€26,47710 Sep 19
Ingo Uytdehaage
EntityIndividual
Role
Chief Financial Officer
CFO & Member of Management Board
Shares2,418
Max Price€10.95
Sell€899,85810 Sep 19
Roelant Prins
EntityIndividual
Role
Member of Management Board
Chief Commercial Officer & Member of Management Board
Shares1,457
Max Price€617.61
Buy€14,22405 Sep 19
Roelant Prins
EntityIndividual
Role
Member of Management Board
Chief Commercial Officer & Member of Management Board
Shares1,299
Max Price€10.95
Sell€2,431,13702 Aug 19
Joannes Wijn
EntityIndividual
Role
Member of Management Board
Chief Strategy & Risk Officer and Member of Management Board
Shares3,583
Max Price€678.52
Sell€2,729,00701 Aug 19
Roelant Prins
EntityIndividual
Role
Member of Management Board
Chief Commercial Officer & Member of Management Board
Shares4,022
Max Price€678.52
Sell€4,523,69301 Aug 19
Ingo Uytdehaage
EntityIndividual
Role
Chief Financial Officer
CFO & Member of Management Board
Shares6,667
Max Price€678.52
Sell€2,367,53904 Jul 19
Joannes Wijn
EntityIndividual
Role
Member of Management Board
Chief Strategy & Risk Officer and Member of Management Board
Shares3,583
Max Price€660.77

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Joop Wijn (50yo)

    Chief Strategy & Risk Officer and Member of Management Board

    • Tenure: 2.5yrs
  • Pieter van der Does (49yo)

    Co-Founder

    • Tenure: 0yrs
  • Arnout Schuijff (51yo)

    Co-Founder

    • Tenure: 13.8yrs
  • Roelant Prins (43yo)

    Chief Commercial Officer & Member of Management Board

    • Tenure: 10.2yrs
  • Ingo Uytdehaage (45yo)

    CFO & Member of Management Board

    • Tenure: 0yrs
  • Sam Halse (34yo)

    COO & Member of Management Board

    • Tenure: 0yrs
  • Martine Buis

    Director of Human Resources

    • Tenure: 2.6yrs
  • Mariëtte Swart

    General Legal Counsel

    • Tenure: 2.6yrs
  • Hemmo Bosscher

    Head of Communications

    • Tenure: 0yrs
  • Annemarije Santman

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Piero Overmars (55yo)

    Chairman of Supervisory Board

    • Tenure: 2.6yrs
  • Joep van Beurden (59yo)

    Member of Supervisory Board

    • Tenure: 2.8yrs
  • Delfin Arroyo (55yo)

    Member of Supervisory Board

    • Tenure: 2.8yrs
  • Pamela Joseph (60yo)

    Member of the Supervisory Board

    • Tenure: 0.5yrs

Company Information

Adyen N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Adyen N.V.
  • Ticker: ADYEN
  • Exchange: ENXTAM
  • Founded: 2006
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: €18.913b
  • Shares outstanding: 29.63m
  • Website: https://www.adyen.com

Number of Employees


Location

  • Adyen N.V.
  • Simon Carmiggeltstraat 6-50
  • 5th Floor
  • Amsterdam
  • Noord-Holland
  • 1011 DJ
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADYENENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJun 2018
1N8DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2018
ADYY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2018
1N8SWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJun 2018
ADYENABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2018
0YP5LSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2018
ADYEWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJun 2018
ADYE.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDSep 2019

Biography

Adyen N.V. operates as technology company in the Netherlands, Brazil, Singapore, the United Kingdom, Canada, Australia, South Korea, Hong Kong, Mexico, China, New Zealand, Malaysia, India, Japan, and the U ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 22:10
End of Day Share Price2019/11/12 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.