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 31,836 - -
Change - -49.23% 33.52% 28.58% -28.61% 5.48% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 32,790 32,504 30,970
Change - -42.13% 26.11% 31.9% -24.86% -3.9% -0.87% -4.72%
P/E 23.2x 38.2x -438x 55.3x 22.5x 19.1x 15.4x 13x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 5.03x 4.31x 3.88x
PEG - -0.6x 4x -0x 0.3x 0.7x 0.7x 0.7x
Capitalization / Revenue 2.28x 1.09x 1.53x 1.79x 1.22x 1.19x 1.11x 1.03x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.23x 1.13x 1x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 9.18x 7.98x 6.9x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 13.2x 11.1x 9.46x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 14.7x 13.2x 11.2x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.82% 7.56% 8.91%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.726 4.564 5.283
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.05% 2.51% 2.91%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.514 11.76 14
Distribution rate 30.3% 21% -167% 46.7% 37.3% 39.2% 38.8% 37.7%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,669 28,670 30,888
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,571 4,074 4,486
EBIT 1 1,986 669 268 1,337 2,056 2,477 2,917 3,274
Net income 1 2,116 612 -75 764 1,340 1,561 1,822 2,278
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 954 668 -866
Reference price 2 253.20 127.46 184.16 236.80 169.05 181.55 181.55 181.55
Nbr of stocks (in thousands) 1,91,595 1,93,215 1,78,549 1,78,549 1,78,549 1,75,359 - -
Announcement Date 09/03/22 08/03/23 31/01/24 04/03/25 03/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.37x1.43x18.87x3.81% 6.34TCr
26.75x3.2x15.09x0.82% 2.01TCr
24.42x2.42x12.18x-.--% 1.22TCr
14.31x0.82x6.41x6.02% 207.06Cr
7.01x0.29x1.96x7.26% 126.53Cr
5.18x0.25x1.47x8.5% 115.62Cr
7.3x1.29x5.88x8.39% 87Cr
13.41x0.35x5.26x1.64% 12Cr
Average 15.84x 1.25x 8.39x 4.55% 1.26TCr
Weighted average by Cap. 26.55x 1.86x 16.52x 2.94%

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