Company Valuation: Under Armour, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,998 3,161 2,625 2,493 2,013 - -
Change - -20.92% -16.98% -5.03% -19.23% - -
Enterprise Value (EV) 1 3,961 2,979 2,718 3,374 2,792 2,737 2,640
Change - -24.79% -8.74% 24.12% -17.26% -1.95% -3.57%
P/E 11.3x 14.2x -13.3x -5.09x 349x 23.7x 15.3x
PBR 2.19x 1.55x 1.43x 1.78x 1.41x 1.32x 1.27x
PEG - -0.4x 0x -0x -3x 0x 0.3x
Capitalization / Revenue 0.68x 0.55x 0.51x 0.5x 0.43x 0.41x 0.4x
EV / Revenue 0.67x 0.52x 0.53x 0.68x 0.59x 0.56x 0.53x
EV / EBITDA 8.97x 6.58x 8.14x 15.6x 11.1x 10x 7.83x
EV / EBIT 13x 9.62x 13.7x 31.6x 19.3x 16.2x 11.4x
EV / FCF -20x 14.6x -11.9x -9.72x 24.5x 18x 18x
FCF Yield -4.99% 6.84% -8.39% -10.3% 4.08% 5.54% 5.56%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 0.84 0.52 -0.47 -1.16 0.0136 0.1996 0.3097
Distribution rate - - - - - - -
Net sales 1 5,904 5,702 5,164 4,966 4,733 4,852 5,025
EBITDA 1 441.4 452.3 333.9 216.5 251.8 273.5 337.1
EBIT 1 303.8 309.8 198.1 106.9 144.7 168.6 231.6
Net income 1 386.8 232 -201.3 -495.6 12.52 94.94 135.1
Net Debt 1 -37.43 -182.9 93.76 881.3 778.4 724.1 626.3
Reference price 2 9.490 7.380 6.250 5.910 4.740 4.740 4.740
Nbr of stocks (in thousands) 443,589 435,281 429,858 425,890 429,546 - -
Announcement Date 5/9/23 5/16/24 5/13/25 5/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.02x2.72x9x3.25% 227B
18.72x2.46x12.49x1.12% 20.62B
18.55x3.54x8.74x3.14% 13.64B
10.77x0.94x4.79x-.--% 11.48B
17.25x2.01x7.9x2.16% 8.7B
13.02x1.33x8.68x2.98% 7.72B
9.16x1.2x5.21x8.55% 5.84B
Average 15.07x 2.03x 8.12x 3.03% 42.11B
Weighted average by Cap. 17.48x 2.58x 8.95x 3.04%

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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  5. Valuation Under Armour, Inc.
-40%: Exceptional extension
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