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 27,402 - -
Change - -49.23% 33.52% 28.58% -28.61% -9.22% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 31,406 31,247 31,017
Change - -42.13% 26.11% 31.9% -24.86% -7.96% -0.51% -0.74%
P/E 23.2x 38.2x -438x 55.3x 22.5x 16.7x 13.5x 11.5x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.46x 3.89x 3.56x
PEG - -0.6x 4x -0x 0.3x 0.7x 0.6x 0.7x
Capitalization / Revenue 2.28x 1.09x 1.53x 1.79x 1.22x 1.01x 0.95x 0.88x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.16x 1.08x 0.99x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 8.56x 7.55x 6.82x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 12.5x 10.8x 9.6x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 16.8x 13.4x 11.8x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 5.95% 7.48% 8.45%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.532 4.301 5.07
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.24% 2.73% 3.22%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.406 11.64 13.68
Distribution rate 30.3% 21% -167% 46.7% 37.3% 37.5% 36.9% 37.1%
Net sales 1 21,234 22,511 21,427 23,683 24,811 27,028 28,996 31,173
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,669 4,139 4,549
EBIT 1 1,986 669 268 1,337 2,056 2,508 2,884 3,230
Net income 1 2,116 612 -75 764 1,340 1,617 1,971 2,246
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 4,004 3,846 3,615
Reference price 2 253.20 127.46 184.16 236.80 169.05 157.50 157.50 157.50
Nbr of stocks (in thousands) 1,91,595 1,93,215 1,78,549 1,78,549 1,78,549 1,73,979 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.9x1.17x8.63x2.22% 3.1TCr
30.71x1.38x18.85x4.27% 5.69TCr
26.68x3.12x14.25x0.92% 2.1TCr
11.31x1.67x7.2x-.--% 1.16TCr
22.7x2.31x11.45x-.--% 1.14TCr
16.9x1.5x8.02x4.66% 588.74Cr
16.85x2.66x8.69x-.--% 599.13Cr
9.24x1.61x6.58x-.--% 568.1Cr
-17.23x0.76x16.62x-.--% 413.95Cr
16.76x1.16x12.89x1.91% 326.99Cr
Average 15.08x 1.73x 11.32x 1.4% 1.57TCr
Weighted average by Cap. 22.05x 1.70x 13.39x 2.33%

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