Adyen

Deserves a fairer valuation highlighting its capital efficiency

07/10/21 -"Through the NAV, we intend to value Adyen’s super-efficient business model via its ROCE. Indeed, we believe that Adyen’s very light business model needs a proper valuation to highlight its very low ..."

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Pages
50
Language
English
Published on
07/10/21
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The change in valuation methodologies explains the change in the target price. Underlying operating figures have not been changed.

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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