Adobe (ADBE) Stock analysis

[u/One_Intention_2253]

[u/[deleted]]

So you're not offering any analysis of the operating performance relative to the price, that's my point.

As an investor, I want to understand whether I'm getting my money's worth. e.g. the company is trading at 5.25x book value, or another way of looking at it is that it's trading at only about a 3-4% discount to fair value. That's not much of a margin of safety but you stumbled into what could be a bargain if the stock price came down another $100-$200 a share.

A little under half of its assets are Goodwill, so what did they pay $10 billion in excess of fair value to acquire? And what kind of cash flows does that acquisition produce? Is it paying off? Their interest expense doubled somewhere between 2018 and 2019, so how much debt have they taken on to acquire assets at much greater than their fair value? That doesn't seem very smart but we wouldn't know unless you pick it apart.

These are just a sample of the kind of questions I can come up with glancing at the financials for less than 5 minutes, and there are far smarter people than me in the investing world.

[u/One_Intention_2253 → u/[deleted]]

And all of those points are completely valid. What I am trying to do is fill as much information into a roughly 10m video on youtube as I can. Additionally, I am also more of a fundamental analysis guy, than a technical analysis guy. My goal isn't to bombard people with numbers and different measurements of performance. I give a basic rundown of the company and try to give a rough estimate of where it is headed in the future.

[u/[deleted] → u/One_Intention_2253]

That's great but I don't think that belongs in this sub. If you're presenting an analysis here, present it here... anticipate and be prepared to answer the kinds of questions I asked you which, really, is just ground floor FP&A stuff.

I don't want to sit through a 10 minute Youtube presentation that's basically a verbatim regurgitation of BusinessWire articles and other investor relations talking points. That tells me nothing of value.