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 31,633 - -
Change - -49.23% 33.52% 28.58% -28.61% 4.8% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 35,495 32,301 30,767
Change - -42.13% 26.11% 31.9% -24.86% 4.03% -9% -4.75%
P/E 23.2x 38.2x -438x 55.3x 22.5x 19x 15.4x 13x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 5.02x 4.3x 3.87x
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 1.19x 1.1x 1.02x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.33x 1.13x 1x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 9.93x 7.92x 6.84x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 14.5x 11.4x 9.29x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 22.8x 17.8x 14.2x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 4.39% 5.63% 7.03%
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% 2.06% 2.52% 2.92%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.521 11.78 13.93
Distribution rate 30.3% 21% -167% 46.7% 37.3% 39.1% 38.7% 37.9%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,685 28,684 30,888
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,574 4,079 4,501
EBIT 1 1,986 669 268 1,337 2,056 2,452 2,842 3,311
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 3,862 668 -866
Reference price 2 253.20 127.46 184.16 236.80 169.05 181.10 181.10 181.10
Nbr of stocks (in thousands) 191,595 193,215 178,549 178,549 178,549 174,672 - -
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.($)
19.02x1.33x9.93x2.06% 36.2B
25.37x1.47x17.18x3.8% 64.92B
28.41x3.4x16.06x0.77% 21.37B
24.7x2.45x12.34x-.--% 12.31B
14.16x0.81x6.59x5.53% 2.04B
7.13x0.33x2.21x7.08% 1.29B
5.67x0.3x1.78x7.82% 1.25B
7.27x1.29x5.93x8.32% 881M
14.36x0.36x5.39x1.53% 133M
Average 16.23x 1.30x 8.60x 4.1% 15.6B
Weighted average by Cap. 23.51x 1.78x 14.21x 2.67%

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