ADYEY - Adyen: Cheaper Than Ever Yet Growth Stalls
2024-05-14 06:14:32 ET
Summary
- Adyen's top-line growth has decayed post-pandemic, and bottom-line growth even turned negative when excluding net interest income for the first time since 2017.
- The valuation of Adyen looks cheaper than ever with multiples trading far below their historical averages, and sell-side analysts, on average, see a 27% upside potential.
- Pondering the cheap valuation and the decaying growth, I would rather wait for things to improve before potentially cheap getting cheaper. Therefore, I am rating Adyen stock with a hold.
...
Adyen: Cheaper Than Ever, Yet Growth Stalls