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 27,471 - -
Change - -49.23% 33.52% 28.58% -28.61% -8.99% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 31,497 31,324 31,101
Change - -42.13% 26.11% 31.9% -24.86% -7.69% -0.55% -0.71%
P/E 23.2x 38.2x -438x 55.3x 22.5x 17.1x 13.6x 11.6x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.54x 3.94x 3.66x
PEG - -0.6x 4x -0x 0.3x 0.7x 0.5x 0.7x
Capitalization / Revenue 2.28x 1.09x 1.53x 1.79x 1.22x 1.02x 0.95x 0.88x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.17x 1.08x 1x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 8.82x 7.64x 6.93x
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 16x 13.5x 12x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.25% 7.42% 8.35%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.483 4.304 4.951
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.21% 2.73% 3.14%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.238 11.62 13.62
Distribution rate 30.3% 21% -167% 46.7% 37.3% 37.7% 37% 36.3%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,938 28,888 31,066
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,571 4,098 4,487
EBIT 1 1,986 669 268 1,337 2,056 2,382 2,813 3,287
Net income 1 2,116 612 -75 764 1,340 1,580 1,956 2,227
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 4,026 3,852 3,630
Reference price 2 253.20 127.46 184.16 236.80 169.05 157.90 157.90 157.90
Nbr of stocks (in thousands) 191,595 193,215 178,549 178,549 178,549 173,979 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.81x1.34x18.28x4.4% 55.27B
17.09x1.17x8.82x2.21% 30.82B
26.51x3.1x14.15x0.93% 20.74B
11.59x1.71x7.4x-.--% 11.88B
23.7x2.42x12.06x-.--% 11.83B
17.46x1.56x8.32x4.51% 6.07B
16.34x2.59x8.47x-.--% 5.82B
9.18x1.63x6.66x-.--% 5.76B
-16.87x0.75x16.37x-.--% 4.06B
Average 14.98x 1.81x 11.17x 1.34% 16.92B
Weighted average by Cap. 21.86x 1.71x 13.21x 2.35%

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