Company Valuation: adidas

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 48,512 24,627 32,882 42,280 30,184 30,925 - -
Change - -49.23% 33.52% 28.58% -28.61% 2.45% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 34,828 34,767 34,576
Change - -42.13% 26.11% 31.9% -24.86% 2.07% -0.17% -0.55%
P/E Ratio 23.2x 38.2x -438x 55.3x 22.5x 18.8x 15.2x 12.8x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.71x 4.09x 3.76x
PEG - -0.6x 4x -0x 0.3x 0.8x 0.6x 0.7x
Capitalization / Revenue 2.28x 1.09x 1.53x 1.79x 1.22x 1.16x 1.08x 1.01x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.31x 1.22x 1.13x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 10.1x 9.04x 7.77x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 14.8x 12.8x 10.5x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 15.5x 14x 12.5x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.47% 7.13% 7.99%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.828 4.636 5.186
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.17% 2.63% 2.94%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.365 11.57 13.81
Distribution rate 30.3% 21% -167% 46.7% 37.3% 40.9% 40.1% 37.6%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,572 28,531 30,650
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,456 3,847 4,448
EBIT 1 1,986 669 268 1,337 2,056 2,361 2,708 3,290
Net income 1 2,116 612 -75 764 1,340 1,481 1,658 2,135
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 3,904 3,843 3,652
Reference price 2 253.20 127.46 184.16 236.80 169.05 176.35 176.35 176.35
Nbr of stocks (in thousands) 191,595 193,215 178,549 178,549 178,549 175,359 - -
Announcement Date 3/9/22 3/8/23 1/31/24 3/4/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.95x1.5x19.75x3.61% 66.54B
25.87x3.11x14.62x0.85% 19.69B
25.36x2.52x12.71x-.--% 12.77B
18.01x1.1x8.45x4.5% 2.87B
8.41x0.43x2.87x6.08% 1.54B
5.9x0.3x1.75x7.49% 1.34B
7.63x1.34x6.11x8.03% 921M
16.37x0.39x5.86x1.3% 148M
Average 17.19x 1.33x 9.02x 3.98% 13.23B
Weighted average by Cap. 27.48x 1.87x 17.03x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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