Financial Ratios Adyen N.V.

Equities

ADYEN

NL0012969182

Financial Technology (Fintech)

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05:16pm	Uber Technologies, Adyen Renew Partnrership for Global Payments, Kiosks	MT
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Published financial data: ADYEN N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	68Cr	100.15Cr	133.02Cr	162.61Cr	198.78Cr
Interest And Invest. Income (Rev)	-	-	-	-	2.71Cr
Total Revenues	68Cr	100.15Cr	133.02Cr	162.61Cr	201.49Cr
Cost of Goods Sold, Total	18Cr	24Cr	38Cr	62Cr	69Cr
Gross Profit	50Cr	76Cr	95Cr	100.6Cr	132.12Cr
Selling General & Admin Expenses, Total	10.8L	17.93L	42.55L	71.9L	1.09Cr
Depreciation & Amortization - (IS)	2.86Cr	3.5Cr	6.36Cr	8.55Cr	10Cr
Other Operating Expenses	10Cr	12Cr	22Cr	23Cr	31Cr
Other Operating Expenses, Total	13Cr	15Cr	28Cr	32Cr	42Cr
Operating Income	37Cr	61Cr	66Cr	68Cr	90Cr
Interest Expense, Total	-94.06L	-1.28Cr	-1.2Cr	-47.83L	-2.67Cr
Interest And Investment Income	13.34L	10.39L	2.93Cr	25Cr	35Cr
Net Interest Expenses	-80.72L	-1.17Cr	1.74Cr	24Cr	32Cr
Currency Exchange Gains (Loss)	-1.11Cr	1.14Cr	-86.43L	65.99L	-58.2L
Other Non Operating Income (Expenses)	-3.14Cr	-1.3Cr	4.66Cr	93.45L	68.35L
EBT, Excl. Unusual Items	32Cr	59Cr	72Cr	94Cr	122.37Cr
Gain (Loss) On Sale Of Investments	-	-5L	-2L	32.1L	30.66L
Other Unusual Items	-	-1.3Cr	-	-	-
EBT, Incl. Unusual Items	32Cr	58Cr	72Cr	94Cr	122.67Cr
Income Tax Expense	6.22Cr	11Cr	16Cr	24Cr	30Cr
Earnings From Continuing Operations	26Cr	47Cr	56Cr	70Cr	93Cr
Net Income to Company	26Cr	47Cr	56Cr	70Cr	93Cr
Net Income - (IS)	26Cr	47Cr	56Cr	70Cr	93Cr
Net Income to Common Incl Extra Items	26Cr	47Cr	56Cr	70Cr	93Cr
Net Income to Common Excl. Extra Items	26Cr	47Cr	56Cr	70Cr	93Cr
Per Share Items
Net EPS - Basic	8.63	15.4	18.21	22.52	29.69
Basic EPS - Continuing Operations	8.63	15.4	18.21	22.52	29.69
Basic Weighted Average Shares Outstanding	3.02Cr	3.05Cr	3.1Cr	3.1Cr	3.12Cr
Net EPS - Diluted	8.51	15.31	18.17	22.41	29.59
Diluted EPS - Continuing Operations	8.51	15.31	18.17	22.41	29.59
Diluted Weighted Average Shares Outstanding	3.07Cr	3.07Cr	3.1Cr	3.12Cr	3.13Cr
Normalized Basic EPS	6.68	12.18	14.53	18.93	24.54
Normalized Diluted EPS	6.59	12.11	14.5	18.84	24.46
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	38Cr	62Cr	69Cr	73Cr	95Cr
EBITA	37Cr	61Cr	66Cr	68Cr	90Cr
EBIT	37Cr	61Cr	66Cr	68Cr	90Cr
EBITDAR	39Cr	62Cr	70Cr	73Cr	97Cr
Effective Tax Rate - (Ratio)	19.23	19.13	21.64	25.92	24.58
Total Current Taxes	6.99Cr	13Cr	15Cr	24Cr	30Cr
Total Deferred Taxes	-77.54L	-1.58Cr	21.44L	1L	40.2L
Normalized Net Income	20Cr	37Cr	45Cr	59Cr	76Cr
Interest on Long-Term Debt	20.54L	1.28Cr	1.2Cr	47.83L	79.36L
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	24.65L	30.88L	52.24L	35.21L	32.86L
Net Rental Expense, Total	10.8L	17.93L	42.55L	71.9L	1.09Cr
Imputed Operating Lease Interest Expense	8L	13.37L	23.54L	12.91L	1.03Cr
Imputed Operating Lease Depreciation	2L	5L	19.01L	58.99L	6L
Stock-Based Comp., COGS (Total)	1.01Cr	1.2Cr	1.05Cr	3.86Cr	3.74Cr
Total Stock-Based Compensation	1.01Cr	1.2Cr	1.05Cr	3.86Cr	3.74Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	273.75Cr	461.61Cr	652.23Cr	830.7Cr	996.5Cr
Short Term Investments	1.22Cr	-	-	-	2.39Cr
Total Cash And Short Term Investments	274.97Cr	461.61Cr	652.23Cr	830.7Cr	998.89Cr
Accounts Receivable, Total	7.51Cr	5.69Cr	8.94Cr	13Cr	13Cr
Other Receivables	89Cr	64Cr	38Cr	50Cr	67Cr
Total Receivables	97Cr	70Cr	47Cr	63Cr	80Cr
Inventory	1.95Cr	2.21Cr	8.79Cr	10Cr	9.98Cr
Total Current Assets	373.71Cr	533.51Cr	708.11Cr	904.31Cr	1.09TCr
Gross Property Plant And Equipment	22Cr	29Cr	47Cr	56Cr	71Cr
Accumulated Depreciation	-5.97Cr	-8.87Cr	-14Cr	-20Cr	-30Cr
Net Property Plant And Equipment	16Cr	20Cr	32Cr	36Cr	41Cr
Long-term Investments	2.09Cr	2.25Cr	1.23Cr	1.48Cr	94.86L
Other Intangibles, Total	99.7L	98.41L	81.4L	87.57L	85L
Accounts Receivable Long-Term	12Cr	7.93Cr	4.86Cr	2.42Cr	59.59L
Deferred Tax Assets Long-Term	11Cr	13Cr	14Cr	11Cr	11Cr
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	415.85Cr	577.56Cr	761.64Cr	956.84Cr	1.14TCr
Liabilities
Accounts Payable, Total	83.08L	89.89L	1.99Cr	1.41Cr	3.52Cr
Accrued Expenses, Total	9.5Cr	9.11Cr	13Cr	15Cr	22Cr
Current Portion of Leases	1.34Cr	2.3Cr	3.32Cr	5.07Cr	5.49Cr
Current Income Taxes Payable	1.61Cr	98.79L	44.41L	6.31Cr	2.39Cr
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	259.71Cr	360.85Cr	479.58Cr	595.36Cr	668.47Cr
Total Current Liabilities	273Cr	374.15Cr	498.13Cr	623.57Cr	701.77Cr
Long-Term Leases	12Cr	12Cr	17Cr	17Cr	17Cr
Deferred Tax Liability Non Current	2.39Cr	1.64Cr	1.13Cr	64.55L	8L
Other Non Current Liabilities	6.84Cr	8.73Cr	4.17Cr	29.63L	19.36L
Total Liabilities	294.03Cr	396.52Cr	520.42Cr	641.75Cr	719.38Cr
Common Stock, Total	3L	3L	3L	3L	3L
Additional Paid In Capital	19Cr	34Cr	35Cr	39Cr	59Cr
Retained Earnings	87Cr	134.67Cr	190.91Cr	260.9Cr	352.73Cr
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	15Cr	13Cr	15Cr	15Cr	12Cr
Total Common Equity	121.81Cr	181.04Cr	241.21Cr	315.09Cr	423.15Cr
Total Equity	121.81Cr	181.04Cr	241.21Cr	315.09Cr	423.15Cr
Total Liabilities And Equity	415.85Cr	577.56Cr	761.64Cr	956.84Cr	1.14TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.04Cr	3.1Cr	3.1Cr	3.1Cr	3.15Cr
ECS Total Common Shares Outstanding	3.04Cr	3.1Cr	3.1Cr	3.1Cr	3.15Cr
Book Value / Share	40.13	58.48	77.84	101.53	134.4
Tangible Book Value	120.82Cr	180.06Cr	240.4Cr	314.21Cr	422.3Cr
Tangible Book Value Per Share	39.8	58.16	77.58	101.25	134.13
Total Debt	13Cr	14Cr	20Cr	22Cr	23Cr
Net Debt	-261.82Cr	-447.31Cr	-631.93Cr	-808.39Cr	-976.07Cr
Debt Equivalent Oper. Leases	86.4L	1.43Cr	3.4Cr	5.75Cr	8.71Cr
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	1.95Cr	2.21Cr	8.79Cr	10Cr	9.98Cr
Machinery, Total	7Cr	9.84Cr	18Cr	22Cr	28Cr
Full Time Employees	1.75T	2.18T	3.33T	4.2T	4.34T
Accumulated Allowance for Doubtful Accounts (Supple)	48.39L	44.42L	40.49L	95.9L	1.39Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	26Cr	47Cr	56Cr	70Cr	93Cr
Depreciation & Amortization - CF	2.61Cr	3.19Cr	5.84Cr	8.19Cr	10Cr
Depreciation & Amortization, Total	2.61Cr	3.19Cr	5.84Cr	8.19Cr	10Cr
Amortization of Deferred Charges, Total - (CF)	24.65L	30.88L	52.24L	35.21L	32.86L
(Gain) Loss on Sale of Investments - (CF)	-	5L	2L	-32.1L	-30.66L
Stock-Based Compensation (CF)	79.94L	58.93L	11.5L	2.8Cr	3.52Cr
Other Operating Activities, Total	3.29Cr	-1.44Cr	-3.18Cr	5Cr	-1.11Cr
Change In Accounts Receivable	-1.52Cr	1.98Cr	-3.26Cr	-4.51Cr	31.12L
Change In Inventories	-1.25Cr	-38.51L	-6.58Cr	-2.29Cr	46.54L
Change In Accounts Payable	1.43Cr	-1.1Cr	4.02Cr	1.96Cr	7.77Cr
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	70Cr	131.86Cr	148.22Cr	105.98Cr	57Cr
Cash from Operations	101.66Cr	182.01Cr	202.12Cr	187Cr	170.48Cr
Capital Expenditure	-1.71Cr	-5.14Cr	-9.56Cr	-6.56Cr	-9.82Cr
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-47.95L	-29.59L	-35.23L	-41.38L	-30.29L
Investment in Marketable and Equity Securities, Total	-3L	1.22Cr	1.14Cr	-	-1.74Cr
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-2.22Cr	-4.21Cr	-8.77Cr	-6.97Cr	-12Cr
Long-Term Debt Repaid, Total	-94.39L	-90.45L	-2.21Cr	-3.38Cr	-4.14Cr
Total Debt Repaid	-94.39L	-90.45L	-2.21Cr	-3.38Cr	-4.14Cr
Issuance of Common Stock	1.28Cr	11Cr	99.26L	1.32Cr	11Cr
Repurchase of Common Stock	-	-	-	-	-
Cash from Financing	33.93L	9.62Cr	-1.22Cr	-2.06Cr	7.06Cr
Foreign Exchange Rate Adjustments	-57.83L	43.52L	-1.5Cr	49.5L	12.97L
Net Change in Cash	99Cr	187.86Cr	190.63Cr	178.46Cr	165.8Cr
Supplemental Items
Cash Interest Paid	94.06L	1.28Cr	1.2Cr	47.83L	2.67Cr
Cash Income Tax Paid (Refund)	7.2Cr	13Cr	15Cr	16Cr	32Cr
Levered Free Cash Flow	90Cr	163.49Cr	177.27Cr	153.71Cr	120.08Cr
Unlevered Free Cash Flow	91Cr	164.29Cr	178.02Cr	154.01Cr	121.75Cr
Change In Net Working Capital	-66Cr	-127.04Cr	-138.98Cr	-105.96Cr	-61Cr
Net Debt Issued / Repaid	-94.39L	-90.45L	-2.21Cr	-3.38Cr	-4.14Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.9	7.65	6.2	4.96	5.36
Return on Total Capital	20.05	23	18.19	14.22	14.35
Return On Equity %	24.43	31.02	26.72	25.09	25.06
Return on Common Equity	24.43	31.02	26.72	25.09	25.06
Margin Analysis
Gross Profit Margin %	73.61	75.86	71.34	61.87	65.57
SG&A Margin	0.16	0.18	0.32	0.44	0.54
EBITDA Margin %	56.26	62.21	52.1	44.76	47.38
EBITA Margin %	54.62	60.68	49.97	41.93	44.65
EBIT Margin %	54.62	60.68	49.97	41.93	44.65
Income From Continuing Operations Margin %	38.15	46.9	42.41	42.95	45.92
Net Income Margin %	38.15	46.9	42.41	42.95	45.92
Net Avail. For Common Margin %	38.15	46.9	42.41	42.95	45.92
Normalized Net Income Margin	29.52	37.09	33.83	36.11	37.96
Levered Free Cash Flow Margin	132.12	163.24	133.27	94.53	59.6
Unlevered Free Cash Flow Margin	132.98	164.04	133.83	94.71	60.43
Asset Turnover
Asset Turnover	0.2	0.2	0.2	0.19	0.19
Fixed Assets Turnover	5.47	5.55	5.08	4.73	5.21
Receivables Turnover (Average Receivables)	11.22	15.18	18.2	14.54	14.93
Inventory Turnover (Average Inventory)	13.59	11.6	6.93	6.45	6.79
Short Term Liquidity
Current Ratio	1.37	1.43	1.42	1.45	1.55
Quick Ratio	1.36	1.42	1.4	1.43	1.54
Operating Cash Flow to Current Liabilities	0.37	0.49	0.41	0.3	0.24
Days Sales Outstanding (Average Receivables)	32.63	24.04	20.06	25.1	24.52
Days Outstanding Inventory (Average Inventory)	26.93	31.47	52.67	56.62	53.91
Average Days Payable Outstanding	16.84	12.92	11.8	9.75	13.1
Cash Conversion Cycle (Average Days)	42.72	42.59	60.93	71.97	65.33
Long Term Solvency
Total Debt/Equity	10.79	7.9	8.42	7.08	5.39
Total Debt / Total Capital	9.74	7.32	7.77	6.61	5.12
LT Debt/Equity	9.69	6.63	7.04	5.47	4.1
Long-Term Debt / Total Capital	8.75	6.14	6.5	5.11	3.89
Total Liabilities / Total Assets	70.71	68.65	68.33	67.07	62.96
EBIT / Interest Expense	39.73	47.53	55.57	142.55	33.64
EBITDA / Interest Expense	42.51	50.02	60.45	159.68	37.43
(EBITDA - Capex) / Interest Expense	40.69	46	52.46	145.97	33.75
Total Debt / EBITDA	0.33	0.22	0.28	0.29	0.23
Net Debt / EBITDA	-6.55	-6.99	-8.74	-10.58	-9.75
Total Debt / (EBITDA - Capex)	0.34	0.24	0.32	0.32	0.25
Net Debt / (EBITDA - Capex)	-6.84	-7.6	-10.07	-11.58	-10.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	28.06	46.38	32.82	22.24	23.91
Gross Profit, 1 Yr. Growth %	22.44	50.86	24.89	6.01	31.33
EBITDA, 1 Yr. Growth %	26.87	61.85	13.61	5.01	31.18
EBITA, 1 Yr. Growth %	26.94	62.62	11.77	2.57	31.94
EBIT, 1 Yr. Growth %	26.94	62.62	11.77	2.57	31.94
Earnings From Cont. Operations, 1 Yr. Growth %	11.41	79.96	20.1	23.79	32.48
Net Income, 1 Yr. Growth %	11.41	79.96	20.1	23.79	32.48
Normalized Net Income, 1 Yr. Growth %	9.6	84.48	23.87	30.46	30.26
Diluted EPS Before Extra, 1 Yr. Growth %	10.95	79.91	18.68	23.34	32.04
Accounts Receivable, 1 Yr. Growth %	59.99	-24.28	57.16	50.28	-1.65
Inventory, 1 Yr. Growth %	178.46	13.25	297.01	18.9	-4.45
Net Property, Plant and Equip., 1 Yr. Growth %	78.03	25.59	60.4	13.13	11.88
Total Assets, 1 Yr. Growth %	59.39	38.89	31.87	25.56	19.41
Tangible Book Value, 1 Yr. Growth %	32.66	49.03	33.51	30.49	34.4
Common Equity, 1 Yr. Growth %	32.65	48.62	33.24	30.41	34.3
Cash From Operations, 1 Yr. Growth %	92.02	79.03	11.04	-7.48	-8.84
Capital Expenditures, 1 Yr. Growth %	12.58	200.56	85.99	-31.36	49.71
Levered Free Cash Flow, 1 Yr. Growth %	109.27	80.86	8.97	-13.29	-21.88
Unlevered Free Cash Flow, 1 Yr. Growth %	109.23	80.57	8.9	-13.49	-20.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	40.03	36.91	39.43	27.42	23.08
Gross Profit, 2 Yr. CAGR %	38.99	35.91	37.26	15.07	18
EBITDA, 2 Yr. CAGR %	46.19	43.3	34.18	9.22	17.37
EBITA, 2 Yr. CAGR %	46.95	43.68	33.37	7.07	16.33
EBIT, 2 Yr. CAGR %	46.95	43.68	33.37	7.07	16.33
Earnings From Cont. Operations, 2 Yr. CAGR %	41.08	41.59	47.01	21.93	28.06
Net Income, 2 Yr. CAGR %	41.08	41.59	47.01	21.93	28.06
Normalized Net Income, 2 Yr. CAGR %	40.08	41.97	49.5	27.12	30.36
Diluted EPS Before Extra, 2 Yr. CAGR %	40.84	41.28	46.12	20.99	27.61
Accounts Receivable, 2 Yr. CAGR %	33.17	10.07	9.09	53.68	21.57
Inventory, 2 Yr. CAGR %	57.66	77.58	112.04	117.27	6.59
Net Property, Plant and Equip., 2 Yr. CAGR %	158.68	49.53	41.93	34.7	12.5
Total Assets, 2 Yr. CAGR %	49.51	48.79	35.33	28.71	22.45
Tangible Book Value, 2 Yr. CAGR %	44.66	40.61	41.06	32.1	32.43
Common Equity, 2 Yr. CAGR %	44.62	40.41	40.72	31.92	32.34
Cash From Operations, 2 Yr. CAGR %	62.71	85.41	41	1.36	-8.16
Capital Expenditures, 2 Yr. CAGR %	24.44	83.95	136.44	12.99	1.37
Levered Free Cash Flow, 2 Yr. CAGR %	50.26	94.55	40.04	-2.8	-17.7
Unlevered Free Cash Flow, 2 Yr. CAGR %	50.57	94.37	39.88	-2.94	-17.3
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	46.35	42.12	35.53	33.45	26.24
Gross Profit, 3 Yr. CAGR %	48.59	42.84	32.13	25.94	20.25
EBITDA, 3 Yr. CAGR %	57.78	51.24	31.7	23.65	16.1
EBITA, 3 Yr. CAGR %	58.76	52	31.19	22.19	14.79
EBIT, 3 Yr. CAGR %	58.76	52	31.19	22.19	14.79
Earnings From Cont. Operations, 3 Yr. CAGR %	54.12	53	34.03	38.82	25.35
Net Income, 3 Yr. CAGR %	54.12	53	34.03	38.82	25.35
Normalized Net Income, 3 Yr. CAGR %	51.89	53.38	34.66	42.86	28.16
Diluted EPS Before Extra, 3 Yr. CAGR %	54	52.82	33.31	38.09	24.56
Accounts Receivable, 3 Yr. CAGR %	43.2	10.33	23.94	21.38	32.44
Inventory, 3 Yr. CAGR %	69.46	41.2	132.2	74.85	65.22
Net Property, Plant and Equip., 3 Yr. CAGR %	100.06	103.32	53.07	31.6	26.62
Total Assets, 3 Yr. CAGR %	54.06	45.88	42.92	32.02	25.53
Tangible Book Value, 3 Yr. CAGR %	46.3	46.1	38.2	37.52	32.86
Common Equity, 3 Yr. CAGR %	46.2	45.94	37.97	37.27	32.71
Cash From Operations, 3 Yr. CAGR %	71.77	67.98	56.29	22.53	-2.16
Capital Expenditures, 3 Yr. CAGR %	20.86	66.96	84.63	56.56	24.1
Levered Free Cash Flow, 3 Yr. CAGR %	71.61	59.83	60.1	19.36	-9.62
Unlevered Free Cash Flow, 3 Yr. CAGR %	71.83	59.97	59.97	19.18	-9.36
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	46.86	43.43	43.54	36.05	30.4
Gross Profit, 5 Yr. CAGR %	51.35	46.01	43.95	31	26.29
EBITDA, 5 Yr. CAGR %	55.47	51.5	47.88	32.22	25.77
EBITA, 5 Yr. CAGR %	55.7	51.99	48.07	31.55	25.03
EBIT, 5 Yr. CAGR %	55.7	51.99	48.07	31.55	25.03
Earnings From Cont. Operations, 5 Yr. CAGR %	50.68	37.03	51.23	39.72	31.61
Net Income, 5 Yr. CAGR %	50.68	37.03	51.23	39.72	31.61
Normalized Net Income, 5 Yr. CAGR %	51.09	51.19	50.84	41.65	32.92
Diluted EPS Before Extra, 5 Yr. CAGR %	49.37	36.76	50.8	39.19	31
Accounts Receivable, 5 Yr. CAGR %	54.84	37.29	28.43	25.97	22.99
Inventory, 5 Yr. CAGR %	67.97	46.81	85.36	67.76	70.06
Net Property, Plant and Equip., 5 Yr. CAGR %	83.51	67.86	74.4	72.45	35.33
Total Assets, 5 Yr. CAGR %	38.32	33.24	46.28	38.75	34.36
Tangible Book Value, 5 Yr. CAGR %	37.83	42.08	44.18	40.33	35.91
Common Equity, 5 Yr. CAGR %	37.72	41.87	43.98	40.17	35.74
Cash From Operations, 5 Yr. CAGR %	49.11	56.54	58.73	37.25	26.35
Capital Expenditures, 5 Yr. CAGR %	26.7	37.29	58.07	42.82	45.26
Levered Free Cash Flow, 5 Yr. CAGR %	48.77	65.81	58.21	30.87	22.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	48.96	65.94	58.25	30.86	22.86