ADIDAS AG (1ADS.MI) Fundamental Analysis & Valuation

BIT:1ADS • DE000A1EWWW0

145.4 EUR
+3.5 (+2.47%)
Last: Mar 5, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This 1ADS.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

1ADS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 45 industry peers in the Textiles, Apparel & Luxury Goods industry. There are concerns on the financial health of 1ADS while its profitability can be described as average. 1ADS is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. 1ADS.MI Profitability Analysis

1.1 Basic Checks

  • In the past year 1ADS was profitable.
  • In the past year 1ADS had a positive cash flow from operations.
  • Of the past 5 years 1ADS 4 years were profitable.
  • The reported operating cash flow has been mixed in the past 5 years: 1ADS reported negative operating cash flow in multiple years.
1ADS.MI Yearly Net Income VS EBIT VS OCF VS FCF1ADS.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.05%, 1ADS is in line with its industry, outperforming 48.89% of the companies in the same industry.
  • The Return On Equity of 1ADS (21.39%) is better than 73.33% of its industry peers.
  • 1ADS has a better Return On Invested Capital (13.20%) than 68.89% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1ADS is significantly below the industry average of 13.73%.
  • The 3 year average ROIC (8.16%) for 1ADS is below the current ROIC(13.20%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.05%
ROE 21.39%
ROIC 13.2%
ROA(3y)3.3%
ROA(5y)4.49%
ROE(3y)11.84%
ROE(5y)15.18%
ROIC(3y)8.16%
ROIC(5y)8.37%
1ADS.MI Yearly ROA, ROE, ROIC1ADS.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.94%, 1ADS is in line with its industry, outperforming 44.44% of the companies in the same industry.
  • 1ADS's Profit Margin has improved in the last couple of years.
  • The Operating Margin of 1ADS (7.89%) is worse than 62.22% of its industry peers.
  • In the last couple of years the Operating Margin of 1ADS has grown nicely.
  • The Gross Margin of 1ADS (51.36%) is worse than 73.33% of its industry peers.
  • 1ADS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.89%
PM (TTM) 4.94%
GM 51.36%
OM growth 3Y30.05%
OM growth 5Y12.2%
PM growth 3Y25.71%
PM growth 5Y18.17%
GM growth 3Y2.96%
GM growth 5Y0.63%
1ADS.MI Yearly Profit, Operating, Gross Margins1ADS.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. 1ADS.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 1ADS is creating value.
  • 1ADS has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for 1ADS has been reduced compared to 5 years ago.
  • 1ADS has a worse debt/assets ratio than last year.
1ADS.MI Yearly Shares Outstanding1ADS.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
1ADS.MI Yearly Total Debt VS Total Assets1ADS.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 3.19 indicates that 1ADS is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of 1ADS (3.19) is comparable to the rest of the industry.
  • 1ADS has a debt to FCF ratio of 14.32. This is a negative value and a sign of low solvency as 1ADS would need 14.32 years to pay back of all of its debts.
  • 1ADS has a worse Debt to FCF ratio (14.32) than 73.33% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that 1ADS is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.74, 1ADS is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 14.32
Altman-Z 3.19
ROIC/WACC1.93
WACC6.85%
1ADS.MI Yearly LT Debt VS Equity VS FCF1ADS.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.31 indicates that 1ADS should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.31, 1ADS is doing worse than 73.33% of the companies in the same industry.
  • A Quick Ratio of 0.71 indicates that 1ADS may have some problems paying its short term obligations.
  • 1ADS's Quick ratio of 0.71 is on the low side compared to the rest of the industry. 1ADS is outperformed by 64.44% of its industry peers.
Industry RankSector Rank
Current Ratio 1.31
Quick Ratio 0.71
1ADS.MI Yearly Current Assets VS Current Liabilites1ADS.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. 1ADS.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 71.51% over the past year.
  • Measured over the past years, 1ADS shows a very strong growth in Earnings Per Share. The EPS has been growing by 26.72% on average per year.
  • Looking at the last year, 1ADS shows a small growth in Revenue. The Revenue has grown by 4.76% in the last year.
  • Measured over the past years, 1ADS shows a small growth in Revenue. The Revenue has been growing by 6.12% on average per year.
EPS 1Y (TTM)71.51%
EPS 3Y80.19%
EPS 5Y26.72%
EPS Q2Q%182.65%
Revenue 1Y (TTM)4.76%
Revenue growth 3Y3.3%
Revenue growth 5Y6.12%
Sales Q2Q%1.93%

3.2 Future

  • The Earnings Per Share is expected to grow by 18.00% on average over the next years. This is quite good.
  • Based on estimates for the next years, 1ADS will show a small growth in Revenue. The Revenue will grow by 7.58% on average per year.
EPS Next Y47.85%
EPS Next 2Y30.62%
EPS Next 3Y27.77%
EPS Next 5Y18%
Revenue Next Year7.44%
Revenue Next 2Y7.76%
Revenue Next 3Y7.76%
Revenue Next 5Y7.58%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
1ADS.MI Yearly Revenue VS Estimates1ADS.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
1ADS.MI Yearly EPS VS Estimates1ADS.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 5 10 15 20

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4

4. 1ADS.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • 1ADS is valuated rather expensively with a Price/Earnings ratio of 20.06.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1ADS indicates a somewhat cheap valuation: 1ADS is cheaper than 66.67% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, 1ADS is valued a bit cheaper.
  • 1ADS is valuated correctly with a Price/Forward Earnings ratio of 13.56.
  • Based on the Price/Forward Earnings ratio, 1ADS is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.60. 1ADS is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 20.06
Fwd PE 13.56
1ADS.MI Price Earnings VS Forward Price Earnings1ADS.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1ADS is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, 1ADS is valued a bit more expensive than 75.56% of the companies in the same industry.
Industry RankSector Rank
P/FCF 69.06
EV/EBITDA 9.36
1ADS.MI Per share data1ADS.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as 1ADS's earnings are expected to grow with 27.77% in the coming years.
PEG (NY)0.42
PEG (5Y)0.75
EPS Next 2Y30.62%
EPS Next 3Y27.77%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. 1ADS.MI Dividend Analysis

5.1 Amount

  • 1ADS has a Yearly Dividend Yield of 1.93%.
  • Compared to an average industry Dividend Yield of 1.97, 1ADS has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, 1ADS has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.93%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 29.29% of the earnings are spent on dividend by 1ADS. This is a low number and sustainable payout ratio.
DP29.29%
EPS Next 2Y30.62%
EPS Next 3Y27.77%
1ADS.MI Yearly Income VS Free CF VS Dividend1ADS.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B
1ADS.MI Dividend Payout.1ADS.MI Dividend Payout, showing the Payout Ratio.1ADS.MI Dividend Payout.PayoutRetained Earnings

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1ADS.MI Fundamentals: All Metrics, Ratios and Statistics

ADIDAS AG

BIT:1ADS (3/5/2026, 7:00:00 PM)

145.4

+3.5 (+2.47%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)03-04
Earnings (Next)04-29
Inst Owners53.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap26.17B
Revenue(TTM)24.81B
Net Income(TTM)1.22B
Analysts80
Price Target229.6 (57.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.93%
Yearly Dividend2
Dividend Growth(5Y)N/A
DP29.29%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.21%
Min EPS beat(2)-3.88%
Max EPS beat(2)3.46%
EPS beat(4)3
Avg EPS beat(4)5.26%
Min EPS beat(4)-3.88%
Max EPS beat(4)15.64%
EPS beat(8)5
Avg EPS beat(8)1.66%
EPS beat(12)8
Avg EPS beat(12)13.15%
EPS beat(16)11
Avg EPS beat(16)9.67%
Revenue beat(2)0
Avg Revenue beat(2)-3.83%
Min Revenue beat(2)-5.34%
Max Revenue beat(2)-2.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.55%
Min Revenue beat(4)-5.34%
Max Revenue beat(4)2.63%
Revenue beat(8)2
Avg Revenue beat(8)-1.26%
Revenue beat(12)5
Avg Revenue beat(12)-0.62%
Revenue beat(16)6
Avg Revenue beat(16)-0.7%
PT rev (1m)0.1%
PT rev (3m)-3.49%
EPS NQ rev (1m)-33.73%
EPS NQ rev (3m)-23.63%
EPS NY rev (1m)-0.73%
EPS NY rev (3m)-0.36%
Revenue NQ rev (1m)-0.96%
Revenue NQ rev (3m)-0.94%
Revenue NY rev (1m)-0.61%
Revenue NY rev (3m)-0.96%
Valuation
Industry RankSector Rank
PE 20.06
Fwd PE 13.56
P/S 1.06
P/FCF 69.06
P/OCF 28.73
P/B 4.59
P/tB 6.44
EV/EBITDA 9.36
EPS(TTM)7.25
EY4.99%
EPS(NY)10.73
Fwd EY7.38%
FCF(TTM)2.11
FCFY1.45%
OCF(TTM)5.06
OCFY3.48%
SpS137.22
BVpS31.66
TBVpS22.58
PEG (NY)0.42
PEG (5Y)0.75
Graham Number71.86
Profitability
Industry RankSector Rank
ROA 6.05%
ROE 21.39%
ROCE 17.7%
ROIC 13.2%
ROICexc 15.61%
ROICexgc 18.92%
OM 7.89%
PM (TTM) 4.94%
GM 51.36%
FCFM 1.53%
ROA(3y)3.3%
ROA(5y)4.49%
ROE(3y)11.84%
ROE(5y)15.18%
ROIC(3y)8.16%
ROIC(5y)8.37%
ROICexc(3y)10.42%
ROICexc(5y)10.91%
ROICexgc(3y)12.92%
ROICexgc(5y)13.39%
ROCE(3y)10.95%
ROCE(5y)11.23%
ROICexgc growth 3Y38.25%
ROICexgc growth 5Y12.97%
ROICexc growth 3Y37.75%
ROICexc growth 5Y15.89%
OM growth 3Y30.05%
OM growth 5Y12.2%
PM growth 3Y25.71%
PM growth 5Y18.17%
GM growth 3Y2.96%
GM growth 5Y0.63%
F-Score8
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 14.32
Debt/EBITDA 1.34
Cap/Depr 45.32%
Cap/Sales 2.15%
Interest Coverage 8.36
Cash Conversion 29.17%
Profit Quality 31.09%
Current Ratio 1.31
Quick Ratio 0.71
Altman-Z 3.19
F-Score8
WACC6.85%
ROIC/WACC1.93
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71.51%
EPS 3Y80.19%
EPS 5Y26.72%
EPS Q2Q%182.65%
EPS Next Y47.85%
EPS Next 2Y30.62%
EPS Next 3Y27.77%
EPS Next 5Y18%
Revenue 1Y (TTM)4.76%
Revenue growth 3Y3.3%
Revenue growth 5Y6.12%
Sales Q2Q%1.93%
Revenue Next Year7.44%
Revenue Next 2Y7.76%
Revenue Next 3Y7.76%
Revenue Next 5Y7.58%
EBIT growth 1Y115.84%
EBIT growth 3Y34.34%
EBIT growth 5Y19.07%
EBIT Next Year92.46%
EBIT Next 3Y34.92%
EBIT Next 5Y21.4%
FCF growth 1Y-82.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-66.28%
OCF growth 3YN/A
OCF growth 5YN/A

ADIDAS AG / 1ADS.MI FAQ

What is the ChartMill fundamental rating of ADIDAS AG (1ADS.MI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to 1ADS.MI.


What is the valuation status for 1ADS stock?

ChartMill assigns a valuation rating of 4 / 10 to ADIDAS AG (1ADS.MI). This can be considered as Fairly Valued.


What is the profitability of 1ADS stock?

ADIDAS AG (1ADS.MI) has a profitability rating of 5 / 10.


How financially healthy is ADIDAS AG?

The financial health rating of ADIDAS AG (1ADS.MI) is 3 / 10.


Is the dividend of ADIDAS AG sustainable?

The dividend rating of ADIDAS AG (1ADS.MI) is 3 / 10 and the dividend payout ratio is 29.29%.