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 28,672 - -
Change - -49.23% 33.52% 28.58% -28.61% -5.01% - -
Enterprise Value (EV) 1 47,179 27,302 34,430 45,412 34,121 32,501 32,344 32,097
Change - -42.13% 26.11% 31.9% -24.86% -4.75% -0.48% -0.76%
P/E 23.2x 38.2x -438x 55.3x 22.5x 17.5x 14.1x 11.9x
PBR 6.54x 4.56x 7.18x 7.72x 5.23x 4.63x 3.98x 3.64x
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 1.06x 0.99x 0.92x
EV / Revenue 2.22x 1.21x 1.61x 1.92x 1.38x 1.21x 1.12x 1.03x
EV / EBITDA 15x 13.4x 23.3x 17.8x 10.6x 9.06x 7.89x 7.12x
EV / EBIT 23.8x 40.8x 128x 34x 16.6x 13.2x 11.2x 9.8x
EV / FCF 18.7x -22.1x 16.2x 19.2x 87.9x 14.9x 13.3x 11.7x
FCF Yield 5.35% -4.53% 6.17% 5.22% 1.14% 6.72% 7.52% 8.55%
Dividend per Share 2 3.3 0.7 0.7 2 2.8 3.674 4.444 5.114
Rate of return 1.3% 0.55% 0.38% 0.84% 1.66% 2.23% 2.7% 3.1%
EPS 2 10.9 3.34 -0.42 4.28 7.51 9.402 11.66 13.82
Distribution rate 30.3% 21% -167% 46.7% 37.3% 39.1% 38.1% 37%
Net sales 1 21,234 22,511 21,427 23,683 24,811 26,929 28,869 31,019
EBITDA 1 3,135 2,044 1,480 2,545 3,210 3,588 4,097 4,505
EBIT 1 1,986 669 268 1,337 2,056 2,463 2,897 3,274
Net income 1 2,116 612 -75 764 1,340 1,624 1,983 2,296
Net Debt 1 -1,333 2,675 1,548 3,132 3,937 3,830 3,673 3,426
Reference price 2 253.20 127.46 184.16 236.80 169.05 164.80 164.80 164.80
Nbr of stocks (in thousands) 191,595 193,215 178,549 178,549 178,549 173,979 - -
Announcement Date 9/3/22 8/3/23 31/1/24 4/3/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.76x1.42x16.65x3.9% 63.26B
26.87x3.25x15.33x0.81% 21.27B
25.34x2.52x12.71x-.--% 12.56B
13.94x0.81x6.55x5.56% 2.04B
7.33x0.33x2.21x7.03% 1.29B
5.86x0.32x1.85x7.57% 1.28B
7.19x1.27x5.82x7.11% 876M
13.92x0.36x5.33x1.58% 134M
Average 15.65x 1.28x 8.31x 4.19% 12.84B
Weighted average by Cap. 24.43x 1.89x 15.22x 2.92%

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