(ADS) adidas - Overview
Sector: Consumer Cyclical | Industry: Footwear & Accessories | Exchange: XETRA (Germany) | Market Cap: 27.977m EUR | Total Return: -22.9% in 12m
Avg Turnover: 94.6M
Qual. Beats: 0
Rev. Trend: 92.7%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
adidas AG is a global designer and manufacturer of athletic footwear, apparel, and hardware, operating under its namesake brand and specialized labels such as Five Ten and adidas Golf. Headquartered in Germany, the company utilizes an omnichannel distribution strategy that integrates wholesale partners, retail storefronts, and a direct-to-consumer e-commerce platform across major international markets.
The firm operates within the highly competitive sporting goods sector, where brand equity and supply chain efficiency are primary drivers of market share. Its business model relies heavily on high-profile marketing partnerships and continuous product innovation to maintain a premium positioning in both performance sports and lifestyle fashion categories.
For a detailed breakdown of the companys financial health and valuation metrics, consider reviewing the latest data on ValueRay. The company’s global reach remains a key factor in its exposure to fluctuating consumer sentiment and regional economic shifts.
- Inventory clearance of Yeezy footwear stock dictates short-term margin recovery and cash flow
- Demand recovery in Greater China determines long-term organic revenue growth trajectory
- Shift toward direct-to-consumer sales channels improves gross margins and consumer data control
- Fluctuating raw material costs and global freight rates impact operational profit margins
- Strategic focus on Terrace footwear trends drives global market share gains against competitors
| Net Income: 1.39b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -3.90 > 1.0 |
| NWC/Revenue: 12.64% < 20% (prev 10.58%; Δ 2.06% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.33b > Net Income 1.39b |
| Net Debt (8.03b) to EBITDA (3.23b): 2.49 < 3 |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (178.7m) vs 12m ago 0.06% < -2% |
| Gross Margin: 51.36% > 18% (prev 0.51%; Δ 5.09k% > 0.5%) |
| Asset Turnover: 124.6% > 50% (prev 121.3%; Δ 3.22% > 0%) |
| Interest Coverage Ratio: 6.56 > 6 (EBITDA TTM 3.23b / Interest Expense TTM 322.0m) |
| A: 0.16 (Total Current Assets 12.3b - Total Current Liabilities 9.09b) / Total Assets 20.5b |
| B: 0.28 (Retained Earnings 5.74b / Total Assets 20.5b) |
| C: 0.10 (EBIT TTM 2.11b / Avg Total Assets 20.3b) |
| D: 0.42 (Book Value of Equity 5.99b / Total Liabilities 14.1b) |
| Altman-Z'' = 3.09 = A |
| DSRI: 1.10 (Receivables 3.68b/3.24b, Revenue 25.2b/24.4b) |
| GMI: 0.99 (GM 51.36% / 51.01%) |
| AQI: 0.91 (AQ_t 0.17 / AQ_t-1 0.19) |
| SGI: 1.04 (Revenue 25.2b / 24.4b) |
| TATA: 0.00 (NI 1.39b - CFO 1.33b) / TA 20.5b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of May 31, 2026, the stock is trading at EUR 166.60 with a total of 1,645,921 shares traded.
Over the past week, the price has changed by +7.83%,
over one month by +13.68%,
over three months by +7.29% and
over the past year by -22.89%.
adidas has no consensus analysts rating.
P/E Trailing = 20.4075
P/E Forward = 16.2338
P/S = 1.0852
P/B = 4.4434
P/EG = 0.8147
Revenue TTM = 25.2b EUR
EBIT TTM = 2.11b EUR
EBITDA TTM = 3.23b EUR
Long Term Debt = 1.99b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.61b EUR (from shortTermDebt, last quarter)
Debt = 8.91b EUR (from shortLongTermDebtTotal, last quarter) + Leases 2.96b
Net Debt = 8.03b EUR (calculated: Debt 8.91b - CCE 873.0m)
Enterprise Value = 36.0b EUR (28.0b + Debt 8.91b - CCE 873.0m)
Interest Coverage Ratio = 6.56 (Ebit TTM 2.11b / Interest Expense TTM 322.0m)
EV/FCF = 42.32x (Enterprise Value 36.0b / FCF TTM 851.0m)
FCF Yield = 2.36% (FCF TTM 851.0m / Enterprise Value 36.0b)
FCF Margin = 3.37% (FCF TTM 851.0m / Revenue TTM 25.2b)
Net Margin = 5.52% (Net Income TTM 1.39b / Revenue TTM 25.2b)
Gross Margin = 51.36% ((Revenue TTM 25.2b - Cost of Revenue TTM 12.3b) / Revenue TTM)
Gross Margin QoQ = 51.11% (prev 50.82%)
Tobins Q-Ratio = 1.76 (Enterprise Value 36.0b / Total Assets 20.5b)
Interest Expense / Debt = 3.62% (Interest Expense 322.0m / Debt 8.91b)
Taxrate = 25.08% (162.0m / 646.0m)
NOPAT = 1.58b (EBIT 2.11b * (1 - 25.08%))
Current Ratio = 1.35 (Total Current Assets 12.3b / Total Current Liabilities 9.09b)
Debt / Equity = 1.49 (Debt 8.91b / totalStockholderEquity, last quarter 5.99b)
Debt / EBITDA = 2.49 (Net Debt 8.03b / EBITDA 3.23b)
Debt / FCF = 9.44 (Net Debt 8.03b / FCF TTM 851.0m)
Total Stockholder Equity = 5.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.87% (Net Income 1.39b / Total Assets 20.5b)
RoE = 24.59% (Net Income TTM 1.39b / Total Stockholder Equity 5.66b)
RoCE = 27.60% (EBIT 2.11b / Capital Employed (Equity 5.66b + L.T.Debt 1.99b))
RoIC = 12.21% (NOPAT 1.58b / Invested Capital 13.0b)
WACC = 6.71% (E(28.0b)/V(36.9b) * Re(7.98%) + D(8.91b)/V(36.9b) * Rd(3.62%) * (1-Tc(0.25)))
Discount Rate = 7.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 6.82 | Cagr: 0.03%
[DCF] Terminal Value 73.10% ; FCFF base≈1.16b ; Y1≈1.02b ; Y5≈820.9m
[DCF] Fair Price = 29.00 (EV 13.2b - Net Debt 8.03b = Equity 5.14b / Shares 177.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.33 | # QB: 0
Revenue Correlation: 92.70 | Revenue CAGR: 6.54% | SUE: 1.65 | # QB: 1
EPS current Quarter (2026-06-30): EPS=2.32 | Chg30d=-2.28% | Revisions=-27% | Analysts=8
EPS next Quarter (2026-09-30): EPS=3.17 | Chg30d=+1.94% | Revisions=-9% | Analysts=8
EPS current Year (2026-12-31): EPS=9.40 | Chg30d=+0.31% | Revisions=+26% | GrowthEPS=+26.1% | GrowthRev=+6.9%
EPS next Year (2027-12-31): EPS=11.56 | Chg30d=+0.19% | Revisions=+0% | GrowthEPS=+23.6% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: -27%