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 30,600 - -
Change - -49.23% 33.52% 28.58% -28.61% 1.38% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 34,504 34,443 34,252
Change - -42.13% 26.11% 31.9% -24.86% 1.12% -0.18% -0.55%
P/E 23.2x 38.2x -438x 55.3x 22.5x 18.6x 15.1x 12.6x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.66x 4.05x 3.72x
PEG - -0.6x 4x -0x 0.3x 0.8x 0.6x 0.6x
Capitalization / Revenue 2.28x 1.09x 1.53x 1.79x 1.22x 1.16x 1.09x 1.01x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.3x 1.23x 1.13x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 9.98x 8.95x 7.97x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 14x 11.9x 10.4x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 15.3x 13.9x 12.4x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.53% 7.2% 8.06%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.828 4.636 5.186
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.19% 2.66% 2.97%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.365 11.57 13.81
Distribution rate 30.3% 21% -167% 46.7% 37.3% 40.9% 40.1% 37.6%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,486 28,073 30,410
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,456 3,847 4,296
EBIT 1 1,986 669 268 1,337 2,056 2,471 2,902 3,290
Net income 1 2,116 612 -75 764 1,340 1,635 1,979 2,299
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 3,904 3,843 3,652
Reference price 2 253.20 127.46 184.16 236.80 169.05 174.50 174.50 174.50
Nbr of stocks (in thousands) 191,595 193,215 178,549 178,549 178,549 175,359 - -
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.($)
28.78x1.44x19.02x3.76% 63.96B
24.93x2.99x14.07x0.88% 18.83B
24.17x2.38x12.04x-.--% 11.99B
13.85x0.84x6.5x5.85% 2.21B
7.45x0.35x2.33x6.87% 1.36B
5.2x0.21x1.24x8.48% 1.18B
7.39x1.3x5.94x8.29% 881M
14.01x0.36x5.34x1.57% 125M
Average 15.72x 1.23x 8.31x 4.46% 12.57B
Weighted average by Cap. 26.41x 1.80x 16.42x 2.95%

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

-40%: Exceptional extension
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