Adyen NV (ADYEN.AS)

Technology · Euronext · Europe

€854.00-4.08% today

Fundamentals

Market cap€26.70B

P/E ratio25.2

Revenue growth (YoY)+16.9%

Profit margin44.7%

Return on equity22.3%

52-week range€772.40 to €1,600.80

Next earnings2026-08-13

Valuation and ratings

DCF fair value€885.62

Upside to fair value+3.7%

Analyst target (mean)€1,381.24

Analyst range€890.00 to €1,900.00

Analysts covering33

Consensus viewstrong buy

Moat score90/100

Overall rating62/100, Buy

Adyen NV trades at €854.00, close to the €885.62 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.

Our moat model scores it 90 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 25.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About Adyen NV

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. Its platform integrates payments stack, including gateway, risk management, processing, acquiring, and settlement services. The company offers a back-end infrastructure for authorizing. It accepts payment through online, in-person payments, cross channel, and Adyen for Platforms. The company also provides optimization services, including Adyen Uplift, protect, authenticate and tokenize. In addition, it offers financial products, such as accounts, capital, issuing, and payouts. It serves digital, mobility, SaaS platforms, retail, food and beverages, subscription, and travel and hospitality businesses. The company was incorporated in 2006 and is based in Amsterdam, the Netherlands.

Industry: Software - InfrastructureEmployees: 4,771HQ: Netherlands

ADYEN.AS passes 6 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Wide moat compounders

Businesses with a structural reason competitors cannot take their profits away. The rarest and most valuable thing in investing.

High return on equity, low debt

A high ROE is easy to fake with borrowing. This screen demands the return without the leverage, which is a much shorter list.

Fortress balance sheets

Companies that owe almost nothing. They will survive things that kill their competitors, and they can buy the wreckage afterwards.

High margin machines

Companies that keep an unusually large share of every pound they sell. That is pricing power made visible.

Growth at a reasonable price

Real growth, without the multiple that usually comes attached to it. The middle ground between value and growth, and the hardest place to find anything.

Beaten down, but not broken

Good businesses whose share price has been punished. Sometimes the market is wrong. Sometimes it is early. The screen cannot tell you which.

Common questions

Is Adyen NV (ADYEN.AS) undervalued?

Against our discounted cash flow estimate of €885.62, ADYEN.AS at €854.00 is 4% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is ADYEN.AS's P/E ratio?

ADYEN.AS trades at 25.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

The full research page for ADYEN.AS, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Open ADYEN.AS in the app Free guides and screens

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.