Added to YB: 2026-02-09
Pitch date: 2026-02-06
ADYEN.AS [bullish]
Adyen N.V.
-13.11%
current return
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
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 30.2B
Pitch Price
EUR 1.1K
Price Target
1.5K (+50%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Financial Services
Category
growth
Long Adyen
ADYEN.AS (new position): Built modern payments platform from scratch vs legacy acquisitions, enabling single platform for all channels/methods. Mid-teens volume growth from existing customers alone 2025-30. EBITDA margin dropped 63%→47% from hiring spree, recovering to 52% by 2025. €1,500 fair value vs 28% discount. Risks: competition from Stripe/Braintree, share loss, agentic commerce uncertainty.
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