Valuation adidas AG Bulgaria S.E.

Stocks

Real-time Estimate Tradegate 21:13:45 02/10/2026 +03			5-day change	1st Jan Change
143.98 ^EUR	-2.09%		0.00%	-12.37%

08:00pm	European shares rebound after bond rout on easing Fed rate-hike bets	RE
06:57pm	Frankfurt stocks close: Dax clearly recovers from lowest level since July	DP

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	24,818	-	-
Change	-	-49.23%	33.52%	28.58%	-28.61%	-17.78%	-	-
Enterprise Value (EV) ¹	47,179	27,302	34,430	45,412	34,121	28,823	28,653	28,425
Change	-	-42.13%	26.11%	31.9%	-24.86%	-15.53%	-0.59%	-0.79%
P/E	23.2x	38.2x	-438x	55.3x	22.5x	15.3x	12.3x	10.5x
PBR	6.54x	4.56x	7.18x	7.72x	5.23x	4.08x	3.54x	3.29x
PEG	-	-0.6x	4x	-0x	0.3x	0.6x	0.5x	0.6x
Capitalization / Revenue	2.28x	1.09x	1.53x	1.79x	1.22x	0.92x	0.86x	0.8x
EV / Revenue	2.22x	1.21x	1.61x	1.92x	1.38x	1.07x	0.99x	0.91x
EV / EBITDA	15x	13.4x	23.3x	17.8x	10.6x	8.17x	7.09x	6.46x
EV / EBIT	23.8x	40.8x	128x	34x	16.6x	11.9x	9.95x	8.78x
EV / FCF	18.7x	-22.1x	16.2x	19.2x	87.9x	14.6x	12.3x	10.9x
FCF Yield	5.35%	-4.53%	6.17%	5.22%	1.14%	6.83%	8.12%	9.14%
Dividend per Share ²	3.3	0.7	0.7	2	2.8	3.502	4.316	4.965
Rate of return	1.3%	0.55%	0.38%	0.84%	1.66%	2.45%	3.03%	3.48%
EPS ²	10.9	3.34	-0.42	4.28	7.51	9.293	11.61	13.64
Distribution rate	30.3%	21%	-167%	46.7%	37.3%	37.7%	37.2%	36.4%
Net sales ¹	21,234	22,511	21,427	23,683	24,811	26,940	28,896	31,077
EBITDA ¹	3,135	2,044	1,480	2,545	3,210	3,530	4,042	4,399
EBIT ¹	1,986	669	268	1,337	2,056	2,432	2,881	3,237
Net income ¹	2,116	612	-75	764	1,340	1,593	1,964	2,238
Net Debt ¹	-1,333	2,675	1,548	3,132	3,937	4,005	3,835	3,607
Reference price ²	253.20	127.46	184.16	236.80	169.05	142.65	142.65	142.65
Nbr of stocks (in thousands)	191,595	193,215	178,549	178,549	178,549	173,979	-	-
Announcement Date	3/9/22 A	3/8/23 A	1/31/24 A	3/4/25 A	3/3/26 A	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NIKE, INC.	21.97x	1.2x	14.39x	4.81%	52.14B
ADIDAS AG	15.38x	1.07x	8.11x	2.44%	27.94B
ASICS CORPORATION	23.45x	2.74x	12.48x	1.05%	18.45B
DECKERS OUTDOOR CORPORATION	10.59x	1.53x	6.62x	-.--%	10.84B
ON HOLDING AG	20.33x	2.03x	10.11x	-.--%	10.09B
BIRKENSTOCK HOLDING PLC	16.48x	2.6x	8.5x	-.--%	5.86B
HUALI INDUSTRIAL GROUP COMPANY LIMITED	16.77x	1.54x	8.61x	4.86%	5.81B
CROCS, INC.	9.13x	1.62x	6.62x	-.--%	5.72B
STEVEN MADDEN, LTD.	17.24x	1.18x	13.06x	1.86%	3.34B
Average	16.82x	1.72x	9.83x	1.67%	15.58B
Weighted average by Cap.	18.77x	1.55x	11.14x	2.66%