Added to YB: 2026-06-23
Pitch date: 2026-06-19
ADYEN.AS [neutral]
Adyen N.V.
+6.08%
current return
Author Info
Company Info
Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America.
Market Cap
EUR 29.6B
Pitch Price
EUR 879.70
Price Target
3.1K (+228%)
Dividend
N/A
EV/EBITDA
15.19
P/E
27.92
EV/Sales
8.02
Sector
Financial Services
Category
growth
Adyen, King of Payments
ADYEN.AS (holding update): Payments leader, €28.5bn cap, 20-22% organic growth, 55% EBITDA margin (→65% target), 25% ROE, €3.8bn net cash, no debt. Stock round-tripped to €890 despite strong execution; ~24x trailing, mid-teens fwd, 0.67 PEG. ~9x sales ex-cash vs Stripe 27x. DCF/analyst fair value ~€1,900; 5yr target €3,100 (~28% CAGR). Risks: growth slowdown, Stripe competition, CFO/exec turnover, capital allocation. Optionality from M&A (Talon.One, Orb) & agentic commerce.
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