Adobe Inc (ADBE34) - Net Assets
Based on the latest financial reports, Adobe Inc (ADBE34) has net assets worth R$11.77 Billion BRL as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$28.75 Billion) and total liabilities (R$16.98 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$11.77 Billion |
| % of Total Assets | 40.93% |
| Annual Growth Rate | 8.35% |
| 5-Year Change | 6.34% |
| 10-Year Change | N/A |
| Growth Volatility | 12.05 |
Adobe Inc - Net Assets Trend (2016–2024)
This chart illustrates how Adobe Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adobe Inc (2016–2024)
The table below shows the annual net assets of Adobe Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | R$14.11 Billion | -14.61% |
| 2023-11-30 | R$16.52 Billion | +17.56% |
| 2022-11-30 | R$14.05 Billion | -5.04% |
| 2021-11-30 | R$14.80 Billion | +11.56% |
| 2020-11-30 | R$13.26 Billion | +25.96% |
| 2019-11-30 | R$10.53 Billion | +12.48% |
| 2018-11-30 | R$9.36 Billion | +10.66% |
| 2017-11-30 | R$8.46 Billion | +13.94% |
| 2016-11-30 | R$7.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adobe Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 374.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$38.47 Billion | 272.74% |
| Common Stock | R$60.10K | 0.00% |
| Total Equity | R$14.11 Billion | 100.00% |
Adobe Inc Competitors by Market Cap
The table below lists competitors of Adobe Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
L'Oréal S.A
PINK:LRLCF
|
$94.58 Billion |
|
Bank of Montreal
NYSE:BMO
|
$95.04 Billion |
|
Xiaomi Corp
PINK:XIACF
|
$95.43 Billion |
|
Northrop Grumman Corporation
NYSE:NOC
|
$95.69 Billion |
|
China Yangtze Power Co Ltd
SHG:600900
|
$94.52 Billion |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
$93.24 Billion |
|
Equinix Inc
NASDAQ:EQIX
|
$92.84 Billion |
|
Seagate Technology PLC
NASDAQ:STX
|
$92.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adobe Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,518,000,000 to 14,105,000,000, a change of -2,413,000,000 (-14.6%).
- Net income of 5,560,000,000 contributed positively to equity growth.
- Share repurchases of 9,139,000,000 reduced equity.
- New share issuances of 361,000,000 increased equity.
- Other factors increased equity by 805,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$5.56 Billion | +39.42% |
| Share Repurchases | R$9.14 Billion | -64.79% |
| Share Issuances | R$361.00 Million | +2.56% |
| Other Changes | R$805.00 Million | +5.71% |
| Total Change | R$- | -14.61% |
Book Value vs Market Value Analysis
This analysis compares Adobe Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.72x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.34x to 0.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | R$17.22 | R$23.03 | x |
| 2018-11-30 | R$19.20 | R$23.03 | x |
| 2019-11-30 | R$21.83 | R$23.03 | x |
| 2020-11-30 | R$27.69 | R$23.03 | x |
| 2021-11-30 | R$31.09 | R$23.03 | x |
| 2022-11-30 | R$30.41 | R$23.03 | x |
| 2023-11-30 | R$36.30 | R$23.03 | x |
| 2024-11-30 | R$31.98 | R$23.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adobe Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 39.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.85%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.14x
- Recent ROE (39.42%) is above the historical average (29.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 15.74% | 19.96% | 0.46x | 1.71x | R$426.30 Million |
| 2017 | 20.02% | 23.20% | 0.50x | 1.72x | R$847.97 Million |
| 2018 | 27.67% | 28.69% | 0.48x | 2.00x | R$1.65 Billion |
| 2019 | 28.03% | 26.42% | 0.54x | 1.97x | R$1.90 Billion |
| 2020 | 39.66% | 40.88% | 0.53x | 1.83x | R$3.93 Billion |
| 2021 | 32.59% | 30.55% | 0.58x | 1.84x | R$3.34 Billion |
| 2022 | 33.85% | 27.01% | 0.65x | 1.93x | R$3.35 Billion |
| 2023 | 32.86% | 27.97% | 0.65x | 1.80x | R$3.78 Billion |
| 2024 | 39.42% | 25.85% | 0.71x | 2.14x | R$4.15 Billion |
Industry Comparison
This section compares Adobe Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $570,107,000
- Average return on equity (ROE) among peers: 1.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adobe Inc (ADBE34) | R$11.77 Billion | 15.74% | 1.44x | $94.58 Billion |
| Allied Tecnologia S.A (ALLD3) | $1.59 Billion | 9.16% | 1.19x | $126.64 Million |
| Fastly Inc. (F1SL34) | $955.16 Million | -19.97% | 0.99x | $3.36 Billion |
| Neogrid Participações S.A (NGRD3) | $137.29 Million | 6.30% | 1.43x | $56.37 Million |
| GetNinjas S.A (NINJ3) | $280.33 Million | 1.32% | 0.06x | $38.41 Million |
| TOTVS S.A (TOTS3) | $459.22 Million | 10.78% | 1.27x | $3.90 Billion |
| TC Traders Club Ltda (TRAD3) | $-345.00K | 0.00% | 0.00x | $16.95 Million |
About Adobe Inc
Adobe Inc. operates as a technology company worldwide. Its Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content; Document Cloud, a cloud-based document services platform; and Creative Cloud, a subscription service that allows subscribers to use its creative products and applications (apps) integrated with cloud-… Read more