What's priced into Adyen N.V.?
What do you have to believe to make money in Adyen N.V. at $12.59? The stock trades at 30.3x trailing earnings and its own trailing growth runs about 21% a year. The question is where do we go from here?
Growth down the side, exit multiple across the top, your five-year annualized return in each cell.
The expectations grid · 5-year annualized return
| EPS growth ↓ · Exit multiple → | 15.2x −50% | 22.8x −25% | 30.3x today | 37.9x +25% | 51.7x 5y median |
|---|---|---|---|---|---|
| −11% (decline) | −22% | −16% | −11% | −6% | −0% |
| 0% (no growth) | −13% | −6% | +0% | +5% | +11% |
| 11% (half) | −4% | +4% | +11% | +16% | +23% |
| 21% (trailing 3y) | +5% | +14% | +21% | +27% | +35% |
| 26% (beat) | +10% | +19% | +26% | +32% | +41% |
| 32% (big beat) | +15% | +24% | +32% | +38% | +47% |
“Adyen printed its third consecutive half at 21% constant-currency net revenue growth on August 13, raised the 2026 guide to 21% to 23%, and the ADR jump…”
From our ADYEY write-up.
Read the ADYEY write-up →Method. Trailing diluted EPS of $0.42 (price $12.59 ÷ 30.3x trailing P/E; data from Financial Modeling Prep, August 28, 2026). Exit multiples are anchored to the stock itself: 50% and 25% below today's multiple, today's, 25% above, and its own five-fiscal-year median of 51.7x. Growth rows are anchored to the company’s own trailing growth: a decline at half the center rate, zero, half, the center, 25% above, and 50% above. Cell shading scales with the return, green positive, red negative. Each cell: EPS compounds at the row's rate for five years, the stock is valued at the column's multiple in year five, and the result is the annualized return against today's price. Dividends and buybacks excluded. An illustrative surface, not a forecast and not a call.