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Your Valuation
10 June 2008 |
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Valuation Details
| Member: | TheCrunchBlog |
| On: | 11 Aug 2008 |
| Views: | 93 |
| Comments: | 1 |
| Updated: | 4 hours ago |
| Ticker: | ADBE |
| Market: | NASD |
This valuation is supplemented by a Valuecruncher Blog post:
http://blog.valuecruncher.com/2008/08/valuing-adobe/
Based on historic growth rates and analysts estimates we have forecast Adobe’s revenues to grow to $4.6 billion in 2010 representing an annualised growth rate of 13.4% over the next three years. We have projected slight expansion in EBITDA margins from 40% in 2008 to 42% in 2010. We have used a terminal growth rate of 5% and a WACC (discount rate) of 11.25% (based on Aswath Damodaran’s estimate for the computer software/services sector).