Suspension of trading

Valuation adidas AG Swiss Exchange

Stocks

Real-time Estimate Tradegate Other stock markets 10:00:27 08/07/26 pm AEST			5-day change	1st Jan Change
182.10 ^EUR	+17.18%		0.00%	-

03/07	UBS Forecasts Mid-teens Growth for adidas in Q2; Buy Reiterated	MT
03/07	The rebound is gaining traction in Europe with Wall Street on the sidelines

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	32,950	-	-
Change	-	-49.23%	33.52%	28.58%	-28.61%	9.16%	-	-
Enterprise Value (EV) ¹	47,179	27,302	34,430	45,412	34,121	36,825	36,777	36,584
Change	-	-42.13%	26.11%	31.9%	-24.86%	7.93%	-0.13%	-0.52%
P/E	23.2x	38.2x	-438x	55.3x	22.5x	19.7x	16x	13.4x
PBR	6.54x	4.56x	7.18x	7.72x	5.23x	5.04x	4.38x	4.01x
PEG	-	-0.6x	4x	-0x	0.3x	0.7x	0.7x	0.7x
Capitalization / Revenue	2.28x	1.09x	1.53x	1.79x	1.22x	1.23x	1.15x	1.07x
EV / Revenue	2.22x	1.21x	1.61x	1.92x	1.38x	1.38x	1.28x	1.18x
EV / EBITDA	15x	13.4x	23.3x	17.8x	10.6x	10.2x	8.97x	8.11x
EV / EBIT	23.8x	40.8x	128x	34x	16.6x	14.8x	12.6x	11x
EV / FCF	18.7x	-22.1x	16.2x	19.2x	87.9x	16.5x	15x	13.3x
FCF Yield	5.35%	-4.53%	6.17%	5.22%	1.14%	6.07%	6.68%	7.54%
Dividend per Share ²	3.3	0.7	0.7	2	2.8	3.808	4.619	5.33
Rate of return	1.3%	0.55%	0.38%	0.84%	1.66%	2.03%	2.46%	2.84%
EPS ²	10.9	3.34	-0.42	4.28	7.51	9.514	11.76	14
Distribution rate	30.3%	21%	-167%	46.7%	37.3%	40%	39.3%	38.1%
Net sales ¹	21,234	22,511	21,427	23,683	24,811	26,713	28,729	30,913
EBITDA ¹	3,135	2,044	1,480	2,545	3,210	3,624	4,099	4,512
EBIT ¹	1,986	669	268	1,337	2,056	2,494	2,924	3,321
Net income ¹	2,116	612	-75	764	1,340	1,658	2,019	2,341
Net Debt ¹	-1,333	2,675	1,548	3,132	3,937	3,875	3,827	3,634
Reference price ²	253.20	127.46	184.16	236.80	169.05	187.90	187.90	187.90
Nbr of stocks (in thousands)	191,595	193,215	178,549	178,549	178,549	175,359	-	-
Announcement Date	9/3/22	8/3/23	31/1/24	4/3/25	3/3/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
NIKE, INC.	28.65x	1.44x	19.05x	3.78%	63.99B
ASICS CORPORATION	27.16x	3.25x	15.33x	0.81%	20.49B
ON HOLDING AG	24.32x	2.4x	12.12x	-.--%	12.12B
FENG TAY ENTERPRISES CO., LTD.	14.48x	0.83x	6.49x	5.94%	2.1B
XTEP INTERNATIONAL HOLDINGS LIMITED	7.06x	0.3x	1.99x	7.2%	1.27B
361 DEGREES INTERNATIONAL LIMITED	5.19x	0.25x	1.48x	8.49%	1.16B
VULCABRAS S.A.	7.09x	1.25x	5.73x	8.63%	842M
HWASEUNG ENTERPRISE CO., LTD.	13.85x	0.36x	5.32x	1.59%	126M
Average	15.98x	1.26x	8.44x	4.56%	12.76B
Weighted average by Cap.	26.81x	1.87x	16.68x	2.91%