Company Valuation: adidas AG

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 26,071 - -
Change - -49.23% 33.52% 28.58% -28.61% -13.63% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 30,097 29,923 29,701
Change - -42.13% 26.11% 31.9% -24.86% -11.79% -0.58% -0.74%
P/E 23.2x 38.2x -438x 55.3x 22.5x 16.2x 12.9x 11x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.31x 3.74x 3.47x
PEG - -0.6x 4x -0x 0.3x 0.7x 0.5x 0.6x
Capitalization / Revenue 2.28x 1.09x 1.53x 1.79x 1.22x 0.97x 0.9x 0.84x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.12x 1.04x 0.96x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 8.43x 7.3x 6.62x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 12.6x 10.6x 9.04x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 15.3x 12.9x 11.4x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.54% 7.77% 8.75%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.483 4.304 4.951
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.32% 2.87% 3.3%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.238 11.62 13.62
Distribution rate 30.3% 21% -167% 46.7% 37.3% 37.7% 37% 36.3%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,936 28,881 31,056
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,571 4,098 4,487
EBIT 1 1,986 669 268 1,337 2,056 2,382 2,813 3,287
Net income 1 2,116 612 -75 764 1,340 1,580 1,956 2,227
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 4,026 3,852 3,630
Reference price 2 253.20 127.46 184.16 236.80 169.05 149.85 149.85 149.85
Nbr of stocks (in thousands) 191,595 193,215 178,549 178,549 178,549 173,979 - -
Announcement Date 3/9/22 3/8/23 1/31/24 3/4/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.95x1.24x16.54x4.71% 51.56B
16.22x1.12x8.43x2.32% 29.19B
24.69x2.89x13.16x0.99% 19.32B
23.63x2.42x12.02x-.--% 11.73B
11.01x1.61x6.94x-.--% 11.29B
16.91x2.66x8.69x-.--% 5.99B
16.61x1.47x7.87x4.75% 5.77B
8.8x1.57x6.42x-.--% 5.51B
-15.78x0.72x15.51x-.--% 3.79B
Average 14.34x 1.74x 10.62x 1.42% 16.02B
Weighted average by Cap. 20.31x 1.63x 12.24x 2.48%

Y-o-Y evolution of P/E

Valuation ratios - P/E - adidas AG

Historical PBR trend

Valuation ratios - PBR - adidas AG

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - adidas AG

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - adidas AG


Year-on-year evolution of the Yield

Valuation ratios - Yield - adidas AG