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Adyen N.V. Unsponsored ADR (ADYEY)
:ADYEY
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Adyen
(OTC:ADYEY)69Neutral
Adyen (ADYEY) vs. S&P 500 (SPY)
Market Cap
$56.60B
Dividend YieldN/A
Average Volume (3M)639.21K
Price to Earnings (P/E)55.4
Beta (1Y)1.98
Revenue Growth-63.44%
EPS Growth50.94%
CountryUS
Employees3,332
SectorTechnology
Sector Strength48
IndustrySoftware
Share Statistics
EPS (TTM)0.32
Shares Outstanding3,148,518,800
10 Day Avg. Volume737,481
30 Day Avg. Volume639,213
Financial Highlights & Ratios
PEG Ratio1.73
Price to Book (P/B)N/A
Price to Sales (P/S)4.99
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$17.28Price Target Upside-3.08% Downside
Rating ConsensusHold
Number of Analyst Covering0
Adyen Business Overview & Revenue Model
Company DescriptionAdyen (ADYEY) is a global payments company that provides businesses with a single platform to accept payments across online, mobile, and in-store channels. The company operates in the financial technology sector, offering a range of services, including payment processing, risk management, and data insights. Adyen's core product is its unified commerce platform that streamlines payments for merchants, enhancing customer experiences and operational efficiency.
How the Company Makes MoneyAdyen makes money primarily through transaction fees charged to merchants for processing payments across various channels. The company offers competitive pricing models, including a fixed fee and a percentage of the transaction value. In addition to transaction fees, Adyen generates revenue from value-added services such as fraud prevention, data analytics, and subscription-based access to its platform. Key partnerships with global enterprises and financial institutions bolster its earnings by expanding its reach and integrating its services into broader business ecosystems. As a result, Adyen's revenue streams are diversified across different industries and geographies, contributing to its financial stability and growth.
Adyen Financial Statement Overview
Summary
Adyen's financial performance is robust, with strong income growth and profitability. Revenue increased by 82% from 2019 to 2023, and profit margins are high. The balance sheet is stable with low leverage, and cash flow generation is efficient, supporting further growth.Income Statement
Adyen has demonstrated strong revenue growth, with a revenue increase of 82% from 2019 to 2023. The gross profit margin is robust, improving from 18.7% in 2019 to 61.9% in 2023. Net profit margins have also strengthened, indicating high profitability. EBIT and EBITDA margins are solid, at 61.2% and 63.5% respectively in 2023. Overall, Adyen's income statement reflects a trajectory of strong growth and profitability.85
Very Positive
Balance Sheet
Adyen maintains a strong balance sheet with an impressive equity ratio of 32.9% in 2023, showing sound financial stability. The company has low leverage, with a debt-to-equity ratio of 0.07, indicating minimal reliance on debt. Return on equity is strong at 22.2%, showcasing effective use of shareholder funds. Adyen's balance sheet is characterized by stability and low financial risk.80
Positive
Cash Flow
Adyen's cash flow statement shows healthy cash generation, with a consistent increase in free cash flow, growing by 81% from 2019 to 2023. The operating cash flow to net income ratio of 2.68 in 2023 suggests efficient cash earnings relative to accounting profit. The free cash flow to net income ratio is also robust at 2.58, indicating strong cash profitability. Overall, Adyen's cash flow is stable and supportive of its operational needs.78
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 7.97B | 1.86B | 8.94B | 6.00B | 3.64B | 2.66B | Gross Profit |
| 1.27B | 1.63B | 1.33B | 1.00B | 684.20M | 496.68M | EBIT |
| 1.04B | 995.26M | 664.73M | 594.73M | 373.73M | 256.80M | EBITDA |
| 689.88M | 1.03B | 795.51M | 628.65M | 361.15M | 321.84M | Net Income Common Stockholders |
| 820.53M | 698.32M | 564.14M | 469.72M | 261.02M | 204.04M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 8.31B | 8.31B | 6.45B | 4.60B | 1.27B | 753.15M | Total Assets |
| 9.57B | 9.57B | 7.62B | 5.78B | 4.16B | 2.61B | Total Debt |
| 223.06M | 223.06M | 203.07M | 142.96M | 131.49M | 61.69M | Net Debt |
| -8.08B | -8.08B | -6.25B | -4.45B | -1.13B | -678.43M | Total Liabilities |
| 6.42B | 6.42B | 5.20B | 3.97B | 2.94B | 1.74B | Stockholders Equity |
| 3.15B | 3.15B | 2.41B | 1.81B | 1.22B | 868.32M |
| Cash Flow | Free Cash Flow | ||||
| 1.85B | 1.80B | 1.92B | 1.77B | 994.75M | 509.50M | Operating Cash Flow |
| 1.96B | 1.87B | 2.02B | 1.82B | 1.02B | 529.46M | Investing Cash Flow |
| -108.88M | -69.74M | -87.69M | -42.13M | -22.16M | -22.76M | Financing Cash Flow |
| 1.51B | -20.61M | -12.22M | 96.24M | 3.39M | 9.36M |
Adyen Technical Analysis
Positive
17.83
Price Trends
16.29
Positive
15.55
Positive
14.43
Positive
Market Momentum
0.57
Positive
54.58
Neutral
27.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADYEY, the sentiment is Positive. The current price of 17.83 is above the 20-day moving average (MA) of 17.75, above the 50-day MA of 16.29, and above the 200-day MA of 14.43, indicating a bullish trend. The MACD of 0.57 indicates Positive momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 27.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ADYEY.
Adyen Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $688.11B | 35.98 | 52.15% | 0.61% | 10.35% | 16.40% | |
80 Outperform | $524.16B | 41.40 | 198.52% | 0.48% | 12.07% | 17.27% | |
74 Outperform | $36.82B | 13.06 | 13.62% | ― | 10.06% | 38060.98% | |
73 Outperform | $66.75B | 16.88 | 20.31% | ― | 7.10% | 4.45% | |
73 Outperform | $25.52B | 16.72 | 7.05% | 0.97% | 4.68% | 63.39% | |
69 Neutral | $56.60B | 55.44 | 22.16% | ― | -63.44% | 50.94% | |
59 Neutral | $22.39B | 11.53 | -18.05% | 2.31% | 5.00% | -25.89% |
* Technology Sector Average
Performance Comparison
ADYEY
Adyen
17.83
2.22
14.22%
GPN
Global Payments
99.54
-28.14
-22.04%
MA
Mastercard
555.07
90.19
19.40%
V
Visa
352.23
74.92
27.02%
PYPL
PayPal Holdings
67.48
9.21
15.81%
XYZ
Block
59.43
-15.00
-20.15%
Adyen Earnings Call Summary
Earnings Call Date: Feb 13, 2025 | % Change Since: 8.92% | Next Earnings Date: Aug 14, 2025
Earnings Call Sentiment Positive
The earnings call reflects strong performance with significant revenue growth and EBITDA margin expansion driven by innovation and regional gains. However, challenges like the roll-off of a large digital customer and slower reported growth in LATAM provide some cautionary notes.Highlights
Strong Net Revenue Growth
Net revenues grew to close to €1.1 billion, marking a 22% growth for the period, driven by existing customer base and increased share of wallet.
EBITDA Margin Expansion
EBITDA margins expanded to 53% in the second-half of the year and just under 50% for the full year due to strong net revenue growth and reduced hiring.
Investment in Innovation
Launch of new products like Intelligent Payment Routing and Uplift, enhancing cost conversion and fraud reduction, boosting customer satisfaction and net promoter score to a high of 66.
Regional Growth
EMEA was the fastest growing region, while North America saw significant market share gains. LATAM experienced acceleration on a constant currency basis.
Unified Commerce and Platforms Success
Notable growth in unified commerce with clients like Motel One and platform clients like Spendesk, driving increased revenues.
Black Friday and Cyber Monday Success
Processed around 160,000 transactions per minute during Black Friday and Cyber Monday, showcasing the platform's reliability and scale.
Lowlights
Impact of Large Digital Customer Roll-off
The roll-off of a large digital customer resulted in notable volume changes, affecting take rates and growth visibility.
LATAM Reported Growth Challenges
LATAM showed only 12% growth on a constant currency basis, with reported figures affected by currency fluctuations.
Hiring and Cost Control
While there was a strategic focus on hiring less in 2024, future plans indicate increased hiring, which could impact margins.
Company Guidance
During the H2 2024 earnings call for Adyen, the company provided detailed guidance and key financial metrics for the upcoming periods. Adyen reported a 22% growth in net revenues for the second half of the year, reaching nearly €1.1 billion, primarily driven by increased share of wallet with existing customers. The EBITDA margin expanded to 53% in the second half, with expectations for slight margin expansion in 2025. The company processed over €1 trillion in payment volume over the past year, reflecting the strength of its single platform strategy. Adyen's regional performance was highlighted by strong growth in EMEA, its largest and fastest-growing market, and significant market share gains in North America. For 2025, Adyen anticipates net revenue growth in the low-20s to high-20s percentage range, with continued investments in team expansion, particularly in North America and engineering, while maintaining a focus on operating leverage. The company's strategic focus on innovative products, such as Intelligent Payment Routing and Uplift, has contributed to an all-time high net promoter score of 66, indicating strong customer satisfaction and loyalty.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.