Added to YB: 2026-09-18
Pitch date: 2026-09-15
ADS.DE [neutral]
adidas AG
Author Info
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Company Info
adidas AG, together with its subsidiaries, designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally.
Market Cap
EUR 24.7B
Pitch Price
N/A
Price Target
348.00
Dividend
1.97%
EV/EBITDA
8.93
P/E
18.23
EV/Sales
1.13
Sector
Textiles, Apparel and Luxury Goods
Category
value
Opportunity in a Destroyed Sector - Pass: adidas AG
ADS.DE (pass): Adidas is a pass because its relative resilience — shares are down roughly 53% from their 2021 peak — leaves insufficient upside. Assuming 6% annual revenue growth through mid-2030, a 10% operating margin, 7.5% FCF margin and 25x multiple yields €2.46B of FCF and a €348 share value, or roughly 25% IRR including dividends, which remains below the hurdle. Interest would increase around €125.
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