EN DE

Adyen N.V (ADYEN) Fair Value & Analysis

Technology · NL · Market cap €26.3B

AN Adyen N.V ADYEN · AS
Price€930.30
Fair Value€1,224
Upside+31.6%
Quality72/100
Watch Adyen N.V for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 44.7% net margin
generates free cash flow
Ranks above peers (8/13)
Wide moat 82/100
Evidence: High Range €935.31 – €1,530 Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from €707.53 to €1,224 (+73.0%) since Jul 14, 2026. Share price +12.1% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from €935.31 (bear) to €1,530 (bull), base €1,224. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€2,766 €630.80 Fair Value €1,224 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range €630.80 – €2,766 · fair‑value band €935.31 – €1,530 · the €930.30 price screens below the €1,224 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Adyen N.V (ADYEN) currently trades at €930.30, while our model-based Fair Value estimate is €1,224, implying the stock looks roughly 31.6% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Adyen N.V generated revenue of €2.4B at a net margin of 44.7%. Revenue grew 16.9% year over year. It earns a return on equity of 22.3%. The balance sheet holds a net cash position of €10.5B. Fundamentals as of Jul 20, 2026

Our scenario range runs from €935.31 (bear case) to €1,530 (bull case); at €930.30, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 32%, ADYEN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €796.47 €1,244 €1,977 72
Growth-Adj P/E €1,076 €1,537 €1,998 68
Rev-Margin DCF €580.80 €721.21 €1,019 67
All 24 models by family
DCF Models
FCF DCF €825.16 €1,102 €1,984 38
Owner Earnings €876.26 €1,557 €2,987 31
5Y Revenue Exit €560.94 €672.82 €902.99 39
5Y EBITDA Exit €765.41 €1,086 €1,715 41
5Y P/E Exit €875.30 €1,553 €2,480 38
10Y Revenue Exit €636.59 €877.26 €995.49 36
10Y EBITDA Exit €790.64 €1,318 €2,229 37
10Y P/E Exit €870.82 €1,554 €2,685 35
Earnings-Based
Graham-Dodd €229.10 €1,598 €2,242 54
Lynch FV €821.91 €1,174 €1,526 50
PEG = 1.0 €821.91 €1,174 €1,526 46
EPV €577.46 €616.64 €650.92 59
Multiples
P/E Multiple €530.64 €707.53 €884.41 63
P/S Multiple €127.12 €169.50 €211.87 58
P/B Multiple €429.57 €572.76 €715.95 55
EV/EBIT €791.10 €940.67 €1,090 53
EV/EBITDA €727.52 €855.90 €984.28 54
EV/Revenue €449.16 €494.92 €540.69 43
Asset-Based
NCAV (Graham) €83.80 €112.29 €167.60 50
Growth DCF
Growth DCF €796.47 €1,244 €1,977 72
Rev-Margin DCF €580.80 €721.21 €1,019 67
Economic Profit
Residual Income €225.38 €300.39 €1,329 61
ROIC Compounder €577.46 €616.64 €650.92 67
Growth Earnings
Growth-Adj P/E €1,076 €1,537 €1,998 68

Widest divergence: Growth Earnings (€1,537) versus Asset-Based (€112.29). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) €2.4B
Revenue growth (YoY) +16.9%
Net margin 44.7%
Return on equity 22.3%
Free cash flow €905M FY2025
P/E ratio 24.8
More key figures
Operating margin 49.5%
EPS (TTM) €33.57
EPS growth (YoY) +11.9%
Net cash €10.5B FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 72 · Market factors (momentum, volatility) 17

Profitability 54
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 16
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 73
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Adyen N.V reported revenue of €2.7B in FY2025 versus €1.0B in FY2021, a compound +27.8%/yr. Reported net income was €1.1B in FY2025, compounding +22.6%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€2.7B
Latest YoY
+32.6%
Avg. growth/yr (3Y)
+26.2%
Avg. growth/yr (5Y)
+31.3%
Avg. growth/yr (11Y)
+44.4%
Revenue +27.8%/yr
FY21 €1.0B
FY22 €1.3B
FY23 €1.6B
FY24 €2.0B
FY25 €2.7B
Net income +22.6%/yr
FY21 €470M
FY22 €564M
FY23 €698M
FY24 €925M
FY25 €1.1B

Watch ADYEN: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Adyen N.V Fair Value". https://www.fairvalue-calculator.com/stock/ADYEN

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Infrastructure · 368 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 72 · Top 25%
Fair Value upside +32% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 45% · Top 25%
Operating margin (TTM) 50% · Top 25%
Revenue growth 17% · Above median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 24.8× · Pricier than median
P/B 5.75× · Pricier than 75% of peers
P/S (TTM) 12.78× · Pricier than 75% of peers
P/FCF 33.6× · Pricier than 75% of peers
EV/EBITDA 16.4× · Pricier than median
PEG 1.15× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 75 · sector 0
FUTURE 85 · sector 46
PAST 89 · sector 15
HEALTH 0 · sector 99
DIVIDEND 0 · sector 28

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

Compare Adyen N.V with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Adyen N.V (ADYEN) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of €1,224 versus a price of €930.30, about +32% (undervalued).
What is the fair value of ADYEN?
Our model-based fair value for Adyen N.V is €1,224 (as of Jul 20, 2026), built from audited fundamentals. The current price is €930.30.
What is the quality score of ADYEN?
Adyen N.V has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Adyen N.V (ADYEN)?
Adyen N.V reported trailing-twelve-month revenue of about €2.4B (latest available figure, as of Jul 20, 2026).
What is the net profit margin of ADYEN?
The net profit margin of Adyen N.V is about 44.7%, meaning it keeps roughly 44.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Adyen N.V and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.