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 26,862 - -
Change - -49.23% 33.52% 28.58% -28.61% -11% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 30,888 30,715 30,492
Change - -42.13% 26.11% 31.9% -24.86% -9.47% -0.56% -0.72%
P/E 23.2x 38.2x -438x 55.3x 22.5x 16.7x 13.3x 11.3x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.44x 3.85x 3.58x
PEG - -0.6x 4x -0x 0.3x 0.7x 0.5x 0.7x
Capitalization / Revenue 2.28x 1.09x 1.53x 1.79x 1.22x 1x 0.93x 0.86x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.15x 1.06x 0.98x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 8.65x 7.5x 6.8x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 13x 10.9x 9.28x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 15.7x 13.2x 11.7x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.37% 7.57% 8.52%
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% 2.26% 2.79% 3.21%
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 26,938 28,888 31,066
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 2 253.20 127.46 184.16 236.80 169.05 154.40 154.40 154.40
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.($)
27.66x1.26x16.94x4.63% 52.43B
16.71x1.15x8.82x2.26% 29.88B
25.58x2.99x13.65x0.96% 19.96B
24.15x2.48x12.32x-.--% 11.86B
11x1.61x6.93x-.--% 11.28B
17.16x2.69x8.81x-.--% 6.03B
9x1.6x6.54x-.--% 5.64B
16.03x1.42x7.57x4.92% 5.57B
-16.17x0.73x15.9x-.--% 3.86B
Average 14.57x 1.77x 10.83x 1.42% 16.28B
Weighted average by Cap. 20.83x 1.66x 12.57x 2.44%

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