2min chapter

The Joseph Carlson Show cover image

My Portfolio (2023)

The Joseph Carlson Show

CHAPTER

Adobe's Firefly AI Platform

The growth of the company's astronomical. You look at these charts and there's not many companies like it. Almost all of their revenue is subscription based with a very high reoccurring revenue stream. Their free cash flow per share growth, which is what I said is my biggest focus, is 20% compounded over the past decade. The stock based comp is not unreasonable. And the Ford PE ratio is only 22. A 22 Ford PE ratio for a company that has a mo as wide as Adobe's and a recurring revenue stream.

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