Added to YB: 2024-08-27
Pitch date: 2024-08-25
ADDYY [bullish]
adidas AG
-18.74%
current return
Author Info
No bio for this author
Company Info
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, North America, Greater China, Latin America, Japan, and South Korea.
Market Cap
EUR 33.8B
Pitch Price
EUR 121.86
Price Target
243.00 (+147%)
Dividend
1.06%
EV/EBITDA
12.91
P/E
28.44
EV/Sales
1.56
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
adidas AG – A turnaround in the making (A Deep Dive)
ADDYY Buy: Turnaround underway w/ new CEO Gulden. Q2 sales +11% (16% ex-Yeezy), wholesale +17%. Margins/cash flow improving. FY24 guidance raised: high single-digit growth, €1B op profit. Analysts project 13.5% annual returns to 2026. Risks: competitive pressures, execution.
Read full article (16 min)