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Compare Stocks › ADBE vs HSY

Adobe Inc. (ADBE) vs The Hershey Company (HSY)

ADBE
Adobe Inc.
$245.99
VS
HSY
The Hershey Company
$210.58

Rewards

ADBE
  • ★Adobe Inc. has maintained ROIC above 15% for 4 consecutive years, indicating a durable competitive advantage.
  • ★Gross margin of 89.4% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
  • ★Adobe Inc. scores 100/100 on the Economic Moat Score (Wide Moat), with roic consistency as the strongest competitive dimension.
HSY
  • ★The Hershey Company has maintained ROIC above 10% for 4 consecutive years, suggesting solid business economics.
  • ★The Hershey Company scores 72/100 on the Economic Moat Score (Wide Moat), with revenue predictability as the strongest competitive dimension.
  • ★Altman Z-Score of 4.24 indicates very low bankruptcy risk — the company is firmly in the safe zone.

Risks

ADBE
    HSY
    • ⚠Trailing P/E of 48.5x is 86% above the historical average of 26.0x — the stock trades at a premium to its own history.
    • ⚠5 insider sales totaling $1.9M with no purchases in the past 3 months — insiders are reducing their exposure.

    Key Valuation Metrics

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    ADBE
    HSY
    Valuation
    $9.29B
    Free Cash Flow
    $1.45B
    9.20%
    FCF Yield
    3.39%
    14.33
    Trailing P/E
    48.52
    9.33
    Forward P/E
    21.44
    Quality & Moat
    40.36%
    ROIC
    13.09%
    62.36%
    ROE
    19.05%
    89.40%
    Gross Margin
    33.55%
    1.29
    PEG Ratio
    N/A
    Balance Sheet Safety
    0.58
    Debt / Equity
    1.24
    N/A
    Interest Coverage
    N/A
    -0.02
    Net Debt / EBITDA
    2.44
    N/A
    Dividend Yield
    2.76%
    ADBE: 9Ties: 1HSY: 0
    ADBEHSY

    Historical Fundamentals

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    ADBE

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

    HSY

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

    $1 Retained Earnings Test

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    ADBE
    $-0.60
    created per $1 retained over 3 years
    Market Cap Declined
    Σ Retained
    $18.12B
    Δ Market Cap
    $-10.93B
    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
    HSY
    $-5.53
    created per $1 retained over 3 years
    Market Cap Declined
    Σ Retained
    $1.91B
    Δ Market Cap
    $-10.55B
    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

    Discounted Cash Flow (DCF) Analysis

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    ADBE
    48.4% Margin of Safety
    Price is 48.4% below estimated fair value
    Current Price: $245.99
    Fair Value: $477.11
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued
    HSY
    53.1% Overvalued
    Price is 53.1% above estimated fair value
    Current Price: $210.58
    Fair Value: $137.59
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued

    Reverse DCF — Market-Implied Growth

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    ADBE

    What growth rate is the market pricing in at $246?

    +3.0%
    Market-Implied Owner Earnings Growth
    Standard FCF implies -0.7%

    The market implies +3.0% Owner Earnings growth, below historical trends — potential opportunity.

    Standard FCF implies a more demanding -0.7%, reflecting heavy growth investment expected to generate future returns.

    HSY

    What growth rate is the market pricing in at $211?

    +21.2%
    Market-Implied Owner Earnings Growth
    Standard FCF implies +14.4%

    The market implies +21.2% Owner Earnings growth, above historical trends.

    Standard FCF implies a demanding +14.4%, reflecting heavy growth investment.

    Economic Moat Score

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    ADBE
    100/100
    Wide Moat
    70+ Wide · 40-69 Narrow · <40 None

    Wide moat with strength across all dimensions. ROIC Consistency is the standout factor.

    Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.
    HSY
    72/100
    Wide Moat
    70+ Wide · 40-69 Narrow · <40 None

    Wide moat driven primarily by revenue predictability. Margin Stability is the area most vulnerable to competitive pressure.

    Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

    Forensic Accounting

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    ADBE
    -2.85
    Unlikely Manipulator
    Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

    M-Score Trend

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.
    HSY
    -2.78
    Unlikely Manipulator
    Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

    M-Score Trend

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

    Ownership Breakdown

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    ADBE
    Insiders 0.2%Institutions 87.8%Retail & Other 11.9%
    No. of Institutional Holders3,534
    High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.
    HSY
    Insiders 0.4%Institutions 88.8%Retail & Other 10.7%
    No. of Institutional Holders1,860
    High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

    High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

    Insider Buying Activity

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    ADBE
    0
    Buys (3M)
    0
    Buys (12M)
    DURN DANIEL J
    Chief Financial Officer
    $507,758
    @ $390.58 · 2025-03-20
    RICKS DAVID A
    Director
    $998,946
    @ $443.98 · 2025-01-28
    Open market purchases · includes direct & indirect ownership · excludes option exercises
    HSY
    0
    Buys (3M)
    3
    Buys (12M)
    Total value (12M): $445,411
    SCHECHTMAN NATALIE S
    Officer
    $37,258
    @ $186.29 · 2025-11-24
    TANNER KIRK L.
    Chief Executive Officer
    $370,915
    @ $185.46 · 2025-11-21
    TAFFET STACY
    Officer
    $37,238
    @ $186.19 · 2025-11-21
    Open market purchases · includes direct & indirect ownership · excludes option exercises

    Open market purchases · includes direct & indirect ownership · excludes option exercises.

    Insider Selling Activity

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    ADBE
    1
    Sells (3M)
    3
    Sells (12M)
    Total value (12M): $711,495
    DURN DANIEL J
    Chief Financial Officer
    $485,323
    @ $294.85 · 2026-01-27
    FORUSZ JILLIAN
    Officer
    $50,344
    @ $337.88 · 2025-10-31
    FORUSZ JILLIAN
    Officer
    $175,828
    @ $380.58 · 2025-05-02
    FORUSZ JILLIAN
    Officer
    $145,567
    @ $435.83 · 2025-01-28
    BELSKY SCOTT K
    Officer
    $2.05M
    @ $431.61 · 2025-01-27
    BANSE AMY L
    Director
    $333,300
    @ $550.00 · 2024-12-06
    FORUSZ JILLIAN
    Officer
    $327,987
    @ $485.19 · 2024-10-29
    BELSKY SCOTT K
    Officer
    $232,525
    @ $483.42 · 2024-10-25
    BELSKY SCOTT K
    Officer
    $1.14M
    @ $511.48 · 2024-10-16
    DURN DANIEL J
    Chief Financial Officer
    $3.35M
    @ $515.44 · 2024-09-17
    GARFIELD MARK S.
    Officer
    $52,089
    @ $537.00 · 2024-07-25
    BELSKY SCOTT K
    Officer
    $258,297
    @ $537.00 · 2024-07-25
    GARFIELD MARK S.
    Officer
    $85,255
    @ $564.60 · 2024-07-16
    BELSKY SCOTT K
    Officer
    $1.25M
    @ $561.60 · 2024-07-16
    RAO DANA J.D.
    General Counsel
    $3.56M
    @ $525.51 · 2024-06-17
    GARFIELD MARK S.
    Officer
    $138,735
    @ $525.51 · 2024-06-17
    GARFIELD MARK S.
    Officer
    $265,644
    @ $447.97 · 2024-06-03
    GARFIELD MARK S.
    Officer
    $389,630
    @ $490.10 · 2024-05-06
    BELSKY SCOTT K
    Officer
    $1.29M
    @ $474.30 · 2024-05-02
    GARFIELD MARK S.
    Officer
    $45,436
    @ $468.41 · 2024-04-25
    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives
    HSY
    5
    Sells (3M)
    25
    Sells (12M)
    Total value (12M): $25.81M
    REIMAN JASON R
    Officer
    $452,140
    @ $226.07 · 2026-02-24
    GROVER ROHIT
    Officer
    $791,245
    @ $226.07 · 2026-02-24
    VOSKUIL STEVEN E
    Chief Financial Officer
    $329,490
    @ $219.66 · 2026-02-18
    VOSKUIL STEVEN E
    Chief Financial Officer
    $298,005
    @ $198.67 · 2026-01-20
    ROBBIN-COKER CORDEL
    Director
    $23,933
    @ $184.10 · 2026-01-05
    VOSKUIL STEVEN E
    Chief Financial Officer
    $282,765
    @ $188.51 · 2025-12-18
    VOSKUIL STEVEN E
    Chief Financial Officer
    $269,340
    @ $179.56 · 2025-11-18
    ROBBIN-COKER CORDEL
    Director
    $50,971
    @ $168.22 · 2025-11-03
    VOSKUIL STEVEN E
    Chief Financial Officer
    $281,280
    @ $187.52 · 2025-10-20
    VOSKUIL STEVEN E
    Chief Financial Officer
    $283,680
    @ $189.12 · 2025-09-18
    VOSKUIL STEVEN E
    Chief Financial Officer
    $267,795
    @ $178.53 · 2025-08-18
    BUCK MICHELE G
    Chief Executive Officer
    $3.74M
    @ $194.00 · 2025-07-30
    BUCK MICHELE G
    Chief Executive Officer
    $3.57M
    @ $185.00 · 2025-07-23
    VOSKUIL STEVEN E
    Chief Financial Officer
    $900,000
    @ $180.00 · 2025-07-21
    BUCK MICHELE G
    Chief Executive Officer
    $3.47M
    @ $180.00 · 2025-07-21
    GROVER ROHIT
    Officer
    $240,120
    @ $180.00 · 2025-07-21
    BUCK MICHELE G
    Chief Executive Officer
    $3.38M
    @ $175.00 · 2025-07-01
    TUROFF JAMES
    General Counsel
    $227,500
    @ $175.00 · 2025-07-01
    GROVER ROHIT
    Officer
    $233,275
    @ $175.00 · 2025-07-01
    TUROFF JAMES
    General Counsel
    $214,500
    @ $165.00 · 2025-06-09
    GROVER ROHIT
    Officer
    $219,945
    @ $165.00 · 2025-06-09
    BUCK MICHELE G
    Chief Executive Officer
    $5.02M
    @ $160.80 · 2025-05-30
    TUROFF JAMES
    General Counsel
    $209,040
    @ $160.80 · 2025-05-30
    MCCALMAN JENNIFER L.
    Officer
    $153,025
    @ $157.11 · 2025-05-28
    MALCOLM ROBERT M.
    Director
    $907,267
    @ $165.32 · 2025-05-02
    VOSKUIL STEVEN E
    Chief Financial Officer
    $540,000
    @ $180.00 · 2025-02-25
    MCCALMAN JENNIFER L.
    Officer
    $41,144
    @ $148.00 · 2025-02-03
    VOSKUIL STEVEN E
    Chief Financial Officer
    $180,000
    @ $180.00 · 2024-12-03
    MCCALMAN JENNIFER L.
    Officer
    $49,840
    @ $179.28 · 2024-11-04
    VOSKUIL STEVEN E
    Chief Financial Officer
    $185,470
    @ $185.47 · 2024-10-21
    VOSKUIL STEVEN E
    Chief Financial Officer
    $197,540
    @ $197.54 · 2024-09-19
    BUCK MICHELE G
    Chief Executive Officer
    $5.45M
    @ $200.40 · 2024-09-06
    BUCK MICHELE G
    Chief Executive Officer
    $179,320
    @ $199.24 · 2024-09-05
    BUCK MICHELE G
    Chief Executive Officer
    $948,995
    @ $199.16 · 2024-09-04
    SCALIA CHRISTOPHER M
    Officer
    $985,200
    @ $197.04 · 2024-08-26
    BUCK MICHELE G
    Chief Executive Officer
    $524,738
    @ $199.37 · 2024-08-21
    VOSKUIL STEVEN E
    Chief Financial Officer
    $193,870
    @ $193.87 · 2024-08-19
    RAUP CHARLES R
    Officer
    $400,342
    @ $193.87 · 2024-08-19
    MCCALMAN JENNIFER L.
    Officer
    $107,153
    @ $199.17 · 2024-08-12
    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

    🎭 Mr. Market's Mood

    Learn more →
    ADBE
    FearGreed
    😨Fear(27/100)

    "Market is pessimistic — investigate whether fears are temporary or structural"

    Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.
    HSY
    FearGreed
    😐Neutral(46/100)

    "Market is pricing this stock without strong emotion in either direction"

    Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

    Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

    ⚖️ Buffett Signal

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    ADBE
    ⚪Awaiting DCF Data

    The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

    DCF Margin of Safety: N/AMr. Market's Mood: Fear (27)
    HSY
    ⚪Awaiting DCF Data

    The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

    DCF Margin of Safety: N/AMr. Market's Mood: Neutral (46)
    View ADBE Full AnalysisView HSY Full Analysis
    Adobe Inc. (ADBE) vs The Hershey Company (HSY) Stock Comparison | SafetyMargin.io