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 27,410 - -
Change - -49.23% 33.52% 28.58% -28.61% -9.19% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 31,240 31,083 30,836
Change - -42.13% 26.11% 31.9% -24.86% -8.44% -0.5% -0.79%
P/E 23.2x 38.2x -438x 55.3x 22.5x 16.8x 13.5x 11.4x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.43x 3.81x 3.48x
PEG - -0.6x 4x -0x 0.3x 0.7x 0.6x 0.6x
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 1.16x 1.08x 0.99x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 8.64x 7.58x 6.85x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 12.5x 10.7x 9.43x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 14.3x 12.8x 11.2x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.99% 7.83% 8.9%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.675 4.45 5.125
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.33% 2.82% 3.25%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.401 11.66 13.81
Distribution rate 30.3% 21% -167% 46.7% 37.3% 39.1% 38.2% 37.1%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,936 28,913 31,083
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,617 4,101 4,504
EBIT 1 1,986 669 268 1,337 2,056 2,506 2,912 3,270
Net income 1 2,116 612 -75 764 1,340 1,623 1,979 2,283
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 3,830 3,673 3,426
Reference price 2 253.20 127.46 184.16 236.80 169.05 157.55 157.55 157.55
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.($)
16.76x1.16x8.64x2.33% 31.74B
23.66x1.36x15.93x4.1% 60.42B
29.77x3.58x16.61x0.74% 23.53B
21.69x2.15x10.78x-.--% 10.77B
14.4x0.83x6.77x5.38% 2.14B
5.92x0.32x1.89x7.5% 1.3B
6.99x0.31x2.03x7.36% 1.24B
6.91x1.23x5.65x11.3% 818M
13.94x0.36x5.33x1.58% 136M
Average 15.56x 1.26x 8.18x 4.48% 14.68B
Weighted average by Cap. 22.33x 1.74x 13.39x 2.87%

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