Valuation adidas AG

Equities

Real-time Estimate Tradegate Other stock markets 07:23:26 2025-07-11 EDT			5-day change	1st Jan Change
210.35 ^EUR	-0.87%		+1.30%	-11.23%

07-04	Strong Brand Momentum to Help adidas Weather Tariff Headwinds, Baader Helvea Says	MT
07-04	ADIDAS : Warburg Research reiterates its Buy rating	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	58,100	48,512	24,627	32,882	42,280	37,888	-	-
Change	-	-16.5%	-49.23%	33.52%	28.58%	-10.39%	-	-
Enterprise Value (EV) ¹	59,294	47,179	27,302	34,430	45,412	40,761	40,045	33,462
Change	-	-20.43%	-42.13%	26.11%	31.9%	-10.24%	-1.75%	-16.44%
P/E ratio	135x	23.2x	38.2x	-438x	55.3x	28.4x	19.4x	16.1x
PBR	9x	6.54x	4.56x	7.18x	7.72x	5.8x	4.83x	4.07x
PEG	-	0x	-0.6x	4x	-0x	0.4x	0.4x	0.8x
Capitalization / Revenue	2.93x	2.28x	1.09x	1.53x	1.79x	1.48x	1.35x	1.25x
EV / Revenue	2.99x	2.22x	1.21x	1.61x	1.92x	1.59x	1.43x	1.1x
EV / EBITDA	28x	15x	13.4x	23.3x	17.8x	12.5x	9.73x	7.25x
EV / EBIT	79x	23.8x	40.8x	128x	34x	19.9x	14.3x	9.43x
EV / FCF	53.6x	18.7x	-22.1x	16.2x	19.2x	23.9x	17.4x	11.6x
FCF Yield	1.87%	5.35%	-4.53%	6.17%	5.22%	4.19%	5.75%	8.63%
Dividend per Share ²	3	3.3	0.7	0.7	2	2.961	4.325	5.241
Rate of return	1.01%	1.3%	0.55%	0.38%	0.84%	1.4%	2.04%	2.47%
EPS ²	2.21	10.9	3.34	-0.42	4.28	7.473	10.91	13.22
Distribution rate	136%	30.3%	21%	-167%	46.7%	39.6%	39.6%	39.6%
Net sales ¹	19,844	21,234	22,511	21,427	23,683	25,645	28,035	30,401
EBITDA ¹	2,121	3,135	2,044	1,480	2,545	3,252	4,116	4,615
EBIT ¹	751	1,986	669	268	1,337	2,049	2,803	3,548
Net income ¹	432	2,116	612	-75	764	1,329	1,937	2,346
Net Debt ¹	1,194	-1,333	2,675	1,548	3,132	2,872	2,157	-4,426
Reference price ²	297.90	253.20	127.46	184.16	236.80	212.20	212.20	212.20
Nbr of stocks (in thousands)	195,033	191,595	193,215	178,549	178,549	178,549	-	-
Announcement Date	3/10/21	3/9/22	3/8/23	1/31/24	3/4/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ADIDAS AG	28.6x	1.59x	12.54x	1.4%	44.28B
NIKE, INC.	34.71x	2.43x	25.43x	2.09%	110B
ASICS CORPORATION	31.79x	3.27x	17.19x	0.77%	18.02B
ON HOLDING AG	57.02x	4.35x	25.5x	-.--%	17.26B
FENG TAY ENTERPRISES CO., LTD.	23.44x	1.36x	10.46x	4.03%	3.98B
XTEP INTERNATIONAL HOLDINGS LIMITED	9.58x	0.78x	4.77x	5.38%	1.82B
361 DEGREES INTERNATIONAL LIMITED	7.15x	0.32x	1.99x	5.73%	1.3B
VULCABRAS S.A.	9.64x	1.66x	7.55x	8.21%	1B
HWASEUNG ENTERPRISE CO., LTD.	7.79x	0.48x	4.67x	0.55%	371M
Average	23.30x	1.80x	12.23x	3.13%	22.02B
Weighted average by Cap.	34.21x	2.43x	21.03x	1.76%