Offshore
Photo
Gainify
$ADBE Q3 Earnings Call – Key Points
1️⃣ Optimistic Note: Overall sentiment is positive, with increased FY ’25 revenue and EPS targets post results.
2️⃣ Strong Revenue Growth: Adobe's Q3 revenue hit $5.99B, reflecting 10% YoY growth, showcasing solid execution.
3️⃣ AI Integration Gains Traction: AI-infused offerings exceed $5B ARR, a strong indicator of market demand and success.
4️⃣ Positive Analyst Tone: Analysts showed confidence, probing management's strategy effectively without significant skepticism.
tweet
$ADBE Q3 Earnings Call – Key Points
1️⃣ Optimistic Note: Overall sentiment is positive, with increased FY ’25 revenue and EPS targets post results.
2️⃣ Strong Revenue Growth: Adobe's Q3 revenue hit $5.99B, reflecting 10% YoY growth, showcasing solid execution.
3️⃣ AI Integration Gains Traction: AI-infused offerings exceed $5B ARR, a strong indicator of market demand and success.
4️⃣ Positive Analyst Tone: Analysts showed confidence, probing management's strategy effectively without significant skepticism.
tweet
Offshore
Video
Reactions Videos
Man crying mad angry I’m so freaking pissed off right now /// reaction meme https://t.co/gYXRxVCxPd
tweet
Man crying mad angry I’m so freaking pissed off right now /// reaction meme https://t.co/gYXRxVCxPd
tweet
Offshore
Photo
Dimitry Nakhla | Babylon Capital®
A quality valuation analysis on $ASML 🧘🏽♂️
•NTM P/E Ratio: 29.88x
•10-Year Mean: 31.10x
•NTM FCF Yield: 2.90%
•10-Year Mean: 3.05%
As you can see, $ASML appears to be trading near fair value
Going forward, investors can receive ~4% MORE in earnings per share & ~5% LESS in FCF per share🧠***
Before we get into valuation, let’s take a look at why $ASML is an excellent business (*Financials in USD*)
BALANCE SHEET✅
•Cash & Short Term Inv: $8.49B
•Long-Term Debt: $4.33B
$ASML has a strong balance sheet & 68x FFO Interest Coverage
RETURN ON CAPITAL✅
•2021: 43.8%
•2022: 48.0%
•2023: 48.7%
•2024: 38.3%
•LTM: 51.8%
RETURN ON EQUITY✅
•2021: 49.0%
•2022: 59.4%
•2023: 70.4%
•2024: 47.4%
•LTM: 58.2%
$ASML has excellent return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2014: $7.09B
•2024: $29.28B
•CAGR: 15.23%
FREE CASH FLOW*
• $ASML FCF is very sporadic due to heavy capital expenditures & isn’t necessarily the most reliable way to analyze the company’s value
•2014: $1.23B
•2024: $9.43B
•CAGR: 22.59%
NORMALIZED EPS✅
•2014: $3.15
•2024: $20.03
•CAGR: 20.31%
SHARE BUYBACKS✅
•2018 Shares Outstanding: 426.40M
•LTM Shares Outstanding: 392.00M
By reducing its shares outstanding ~8.0%, $ASML increased its EPS by ~8.7% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 52.5%
•LTM Operating Margins: 34.8%
•LTM Net Income Margins: 29.3%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~4% MORE in EPS & 5% LESS in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $ASML has to grow earnings at a 14.94% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2025 - 2028 EPS growth over the next few years to be more than the (14.94%) required growth rate:
2025E: $28.07 (22.0% YoY) *FY Dec
2026E: $29.84 (13.8% YoY)
2027E: $35.83 (21.3% YoY)
2028E: $40.00 (21.3% YoY)
$ASML has a decent track record of meeting analyst estimates ~2 years out so let’s assume $ASML ends 2028 with $40.00 in EPS & see its CAGR potential assuming different multiples:
31x P/E: $1240💵 … ~14.5% CAGR
30x P/E: $1200💵 … ~13.4% CAGR
29x P/E: $1160💵 … ~12.2% CAGR
28x P/E: $1120💵 … ~11.0% CAGR
27x P/E: $1080💵 … ~9.8% CAGR
As you can see, $ASML appears to have attractive return potential if we assume greater or equal to 29x EPS (below its 10-year mean, current multiple, & justified given its quality, moat & growth rate if we consider its 15.77% EPS CAGR Estimates 2026-2028)
Today at $813💵 $ASML appears to be a good consideration for investment, albeit with extreme volatility & a smaller margin of safety than when it traded for ~26x in May 2025 (when I considered it a “strong consideration for investment”)
#stocks #investing
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.
𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲.
tweet
A quality valuation analysis on $ASML 🧘🏽♂️
•NTM P/E Ratio: 29.88x
•10-Year Mean: 31.10x
•NTM FCF Yield: 2.90%
•10-Year Mean: 3.05%
As you can see, $ASML appears to be trading near fair value
Going forward, investors can receive ~4% MORE in earnings per share & ~5% LESS in FCF per share🧠***
Before we get into valuation, let’s take a look at why $ASML is an excellent business (*Financials in USD*)
BALANCE SHEET✅
•Cash & Short Term Inv: $8.49B
•Long-Term Debt: $4.33B
$ASML has a strong balance sheet & 68x FFO Interest Coverage
RETURN ON CAPITAL✅
•2021: 43.8%
•2022: 48.0%
•2023: 48.7%
•2024: 38.3%
•LTM: 51.8%
RETURN ON EQUITY✅
•2021: 49.0%
•2022: 59.4%
•2023: 70.4%
•2024: 47.4%
•LTM: 58.2%
$ASML has excellent return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2014: $7.09B
•2024: $29.28B
•CAGR: 15.23%
FREE CASH FLOW*
• $ASML FCF is very sporadic due to heavy capital expenditures & isn’t necessarily the most reliable way to analyze the company’s value
•2014: $1.23B
•2024: $9.43B
•CAGR: 22.59%
NORMALIZED EPS✅
•2014: $3.15
•2024: $20.03
•CAGR: 20.31%
SHARE BUYBACKS✅
•2018 Shares Outstanding: 426.40M
•LTM Shares Outstanding: 392.00M
By reducing its shares outstanding ~8.0%, $ASML increased its EPS by ~8.7% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 52.5%
•LTM Operating Margins: 34.8%
•LTM Net Income Margins: 29.3%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~4% MORE in EPS & 5% LESS in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $ASML has to grow earnings at a 14.94% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2025 - 2028 EPS growth over the next few years to be more than the (14.94%) required growth rate:
2025E: $28.07 (22.0% YoY) *FY Dec
2026E: $29.84 (13.8% YoY)
2027E: $35.83 (21.3% YoY)
2028E: $40.00 (21.3% YoY)
$ASML has a decent track record of meeting analyst estimates ~2 years out so let’s assume $ASML ends 2028 with $40.00 in EPS & see its CAGR potential assuming different multiples:
31x P/E: $1240💵 … ~14.5% CAGR
30x P/E: $1200💵 … ~13.4% CAGR
29x P/E: $1160💵 … ~12.2% CAGR
28x P/E: $1120💵 … ~11.0% CAGR
27x P/E: $1080💵 … ~9.8% CAGR
As you can see, $ASML appears to have attractive return potential if we assume greater or equal to 29x EPS (below its 10-year mean, current multiple, & justified given its quality, moat & growth rate if we consider its 15.77% EPS CAGR Estimates 2026-2028)
Today at $813💵 $ASML appears to be a good consideration for investment, albeit with extreme volatility & a smaller margin of safety than when it traded for ~26x in May 2025 (when I considered it a “strong consideration for investment”)
#stocks #investing
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.
𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲.
tweet
Offshore
Video
Umesh
Seedream 4.0 is one amazing model.
Prompt in ALT. https://t.co/P9u1w8M8HO
tweet
Seedream 4.0 is one amazing model.
Prompt in ALT. https://t.co/P9u1w8M8HO
🚨 Seedream 4.0 now on @RunwareAI!
Talk about SOTA:
One model for image generation AND editing. Up to six reference images for precise control.
Industry first: consistent characters across a series, with up to 15 related images in a single request.
This took one prompt! tweet
Offshore
Photo
Gainify
🚨 FIRST TIME EVER: $TTD now trades at P/E parity (24.8x) with the S&P 500.
From triple-digit multiples ➡️ down to the market average. https://t.co/OOnoWiLTpd
tweet
🚨 FIRST TIME EVER: $TTD now trades at P/E parity (24.8x) with the S&P 500.
From triple-digit multiples ➡️ down to the market average. https://t.co/OOnoWiLTpd
tweet