Adyen (ADYEN) AI Stock Analysis

• Market Cap: $44.50B
• Dividend Yield: N/A
• Average Volume (3M): 63.35K
• Price to Earnings (P/E): 44.4
• Beta (1Y): 1.84
• Revenue Growth: 18.73%
• EPS Growth: 19.55%
• Country: NL
• Employees: 4,345
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 15.22
• Shares Outstanding: 31,523,640
• 10 Day Avg. Volume: 54,527
• 30 Day Avg. Volume: 63,350
• PEG Ratio: 1.50
• Price to Book (P/B): 10.58
• Price to Sales (P/S): 20.12
• P/FCF Ratio: 27.92
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 16.12
• Enterprise Value/Gross Profit: 18.24
• Enterprise Value/Ebitda: 32.85
• 1Y Price Target: $1,905.84
• Price Target Upside: 43.95% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: €1,444.00 ▲(9.06% Upside)

Adyen's strong financial performance and positive earnings call are offset by bearish technical indicators and a high valuation. The company's growth prospects are promising, but macroeconomic challenges and technical weakness present risks.

Positive Factors

Revenue Growth

Adyen's strong revenue growth indicates successful market expansion and increased customer engagement, supporting long-term business sustainability.

EBITDA Margin Expansion

The significant EBITDA margin expansion highlights Adyen's efficient cost management and scalable business model, enhancing profitability.

Platform Segment Growth

The rapid growth in the platform segment underscores Adyen's ability to innovate and capture new market opportunities, boosting future revenue streams.

Negative Factors

Currency Fluctuations Impact

Currency fluctuations can affect international revenue and profitability, posing a risk to Adyen's financial stability in volatile markets.

Weaker Digital Segment Growth

Slower growth in the digital segment may indicate challenges in adapting to changing market demands, potentially impacting future revenue growth.

Lower Market Volume Growth

Lower than expected market volume growth suggests potential saturation or increased competition, which could limit future expansion.

Adyen Business Overview & Revenue Model

Company Description

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing payments across merchants' sales channels, as well as online, mobile, in-store, and APIs; and data insights. The company's platform services a range of merchants across various verticals, connecting them directly to Visa, Mastercard, and other payment methods. Adyen N.V. was incorporated in 2006 and is headquartered in Amsterdam, the Netherlands.

How the Company Makes Money

Adyen generates revenue primarily through transaction fees charged to merchants for processing payments. The company earns a percentage of each transaction, along with a fixed fee, depending on the payment method used. Key revenue streams include processing fees for card payments, local payment methods, and international transactions. Additionally, Adyen provides value-added services such as fraud prevention tools and customer insights, which can also contribute to revenue. Significant partnerships with major companies like eBay, Uber, and Spotify enhance its market presence and drive transaction volumes, further bolstering its earnings.

Adyen Financial Statement Overview

Summary

Adyen demonstrates strong financial health with robust revenue growth and profitability. The balance sheet is stable with low leverage, and cash flows are strong, though recent trends suggest careful monitoring of operational and investment costs.

Income Statement

Adyen has shown strong revenue growth with a consistent upward trend over the years. The gross profit margin is impressive, indicating efficient cost management. Net profit and EBITDA margins are robust, reflecting high profitability. Recent decline in EBIT margin suggests some operational challenges, but overall financial performance remains strong.

Balance Sheet

The company's balance sheet is solid, with a strong equity ratio indicating financial stability. The low debt-to-equity ratio suggests prudent financial management and low financial risk. Return on equity is healthy, demonstrating good returns to shareholders. However, maintaining high cash reserves may suggest conservative capital deployment.

Cash Flow

Adyen's cash flow statements indicate strong free cash flow generation, supporting its financial flexibility. However, the free cash flow has seen a slight decline recently, signaling potential investment or operational cost increases. The operating cash flow to net income ratio is strong, ensuring liquidity to support operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.29B	2.25B	1.86B	8.94B	6.00B	3.64B
Gross Profit	2.02B	2.01B	1.63B	1.33B	1.00B	684.20M
EBITDA	1.12B	1.36B	1.03B	795.51M	628.65M	361.15M
Net Income	756.03M	925.16M	698.32M	564.14M	469.72M	261.02M
Balance Sheet
Total Assets	13.94B	11.43B	9.57B	7.62B	5.78B	4.16B
Cash, Cash Equivalents and Short-Term Investments	12.55B	9.99B	8.22B	6.45B	4.60B	2.75B
Total Debt	247.54M	228.26M	223.06M	203.07M	142.96M	131.49M
Total Liabilities	9.26B	7.19B	6.42B	5.20B	3.97B	2.94B
Stockholders Equity	4.68B	4.23B	3.15B	2.42B	1.81B	1.22B
Cash Flow
Free Cash Flow	2.45B	1.60B	1.80B	1.93B	1.77B	999.55M
Operating Cash Flow	2.53B	1.70B	1.87B	2.02B	1.82B	1.02B
Investing Cash Flow	-104.28M	-118.62M	-69.74M	-87.69M	-42.13M	-22.16M
Financing Cash Flow	70.50M	70.60M	-20.61M	-12.22M	96.24M	3.39M

Adyen Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1324.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ADYEN, the sentiment is Negative. The current price of 1324 is below the 20-day moving average (MA) of 1428.15, below the 50-day MA of 1422.52, and below the 200-day MA of 1512.89, indicating a bearish trend. The MACD of -25.72 indicates Positive momentum. The RSI at 37.67 is Neutral, neither overbought nor oversold. The STOCH value of 13.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:ADYEN.

Adyen Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADYEN	66 Neutral	$44.50B	44.37	23.25%	―	18.73%	19.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CMCOM	52 Neutral	€138.39M	-10.66	-57.80%	―	0.36%	34.49%

Adyen Corporate Events

Adyen NV’s Earnings Call Highlights Robust Growth Amid Challenges

Adyen NV’s recent earnings call paints a picture of robust financial performance, underscored by significant growth in revenue and EBITDA. The company has effectively leveraged expanded customer engagement and innovative product offerings to drive these results. However, it faces challenges from external macroeconomic factors, including currency fluctuations and tariffs, which have tempered growth in certain segments. Despite these hurdles, Adyen’s strategic initiatives and resilient performance underscore a confident outlook for near-term growth.

Adyen NV Reports Strong H1 2025 Financial Performance

Adyen NV is a global payment company that provides end-to-end payment solutions and financial services, operating primarily in the fintech sector with a unique full-stack licensed infrastructure. In its latest earnings report for the first half of 2025, Adyen NV reported a 20% year-over-year increase in net revenue, reaching €1,093.5 million, driven by strong commercial execution despite challenges such as U.S. tariffs and currency fluctuations. Key financial highlights include an EBITDA margin of 50%, capital expenditure at 4% of net revenue, and a significant increase in issuing volume, which exceeded €2 billion. The company continues to expand its customer base and enhance its product offerings, such as the Adyen Uplift suite, which optimizes payment flows using AI and machine learning. Looking forward, Adyen remains focused on deepening customer relationships and innovating its product suite, while anticipating stable net revenue growth in line with the first half of the year.