ADIDAS AG (ADS.DE) Fundamental Analysis & Valuation

FRA:ADS • DE000A1EWWW0

Current stock price

145.6 EUR
-1.8 (-1.22%)
Last:

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

6

1. ADS.DE Profitability Analysis

1.1 Basic Checks

  • ADS had positive earnings in the past year.
  • ADS had a positive operating cash flow in the past year.
  • ADS had positive earnings in 4 of the past 5 years.
  • Of the past 5 years ADS 4 years had a positive operating cash flow.
ADS.DE Yearly Net Income VS EBIT VS OCF VS FCFADS.DE 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

  • ADS's Return On Assets of 6.61% is fine compared to the rest of the industry. ADS outperforms 68.29% of its industry peers.
  • The Return On Equity of ADS (23.18%) is better than 85.37% of its industry peers.
  • ADS has a better Return On Invested Capital (13.73%) than 85.37% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ADS is below the industry average of 11.01%.
  • The last Return On Invested Capital (13.73%) for ADS is above the 3 year average (8.16%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.61%
ROE 23.18%
ROIC 13.73%
ROA(3y)3.3%
ROA(5y)4.49%
ROE(3y)11.84%
ROE(5y)15.18%
ROIC(3y)8.16%
ROIC(5y)8.37%
ADS.DE Yearly ROA, ROE, ROICADS.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • ADS's Profit Margin of 5.40% is in line compared to the rest of the industry. ADS outperforms 58.54% of its industry peers.
  • In the last couple of years the Profit Margin of ADS has grown nicely.
  • The Operating Margin of ADS (8.29%) is comparable to the rest of the industry.
  • ADS's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 51.61%, ADS is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
  • ADS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 8.29%
PM (TTM) 5.4%
GM 51.61%
OM growth 3Y30.01%
OM growth 5Y12.18%
PM growth 3Y25.71%
PM growth 5Y18.17%
GM growth 3Y2.96%
GM growth 5Y0.63%
ADS.DE Yearly Profit, Operating, Gross MarginsADS.DE 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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3

2. ADS.DE Health Analysis

2.1 Basic Checks

  • ADS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • ADS has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ADS has less shares outstanding
  • Compared to 1 year ago, ADS has a worse debt to assets ratio.
ADS.DE Yearly Shares OutstandingADS.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
ADS.DE Yearly Total Debt VS Total AssetsADS.DE 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

  • ADS has an Altman-Z score of 3.22. This indicates that ADS is financially healthy and has little risk of bankruptcy at the moment.
  • ADS has a Altman-Z score of 3.22. This is in the better half of the industry: ADS outperforms 65.85% of its industry peers.
  • The Debt to FCF ratio of ADS is 20.27, which is on the high side as it means it would take ADS, 20.27 years of fcf income to pay off all of its debts.
  • ADS's Debt to FCF ratio of 20.27 is on the low side compared to the rest of the industry. ADS is outperformed by 75.61% of its industry peers.
  • A Debt/Equity ratio of 0.75 indicates that ADS is somewhat dependend on debt financing.
  • ADS's Debt to Equity ratio of 0.75 is in line compared to the rest of the industry. ADS outperforms 46.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 20.27
Altman-Z 3.22
ROIC/WACC2.03
WACC6.75%
ADS.DE Yearly LT Debt VS Equity VS FCFADS.DE 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 1.32 indicates that ADS should not have too much problems paying its short term obligations.
  • ADS has a Current ratio of 1.32. This is in the lower half of the industry: ADS underperforms 70.73% of its industry peers.
  • A Quick Ratio of 0.68 indicates that ADS may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.68, ADS is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 0.68
ADS.DE Yearly Current Assets VS Current LiabilitesADS.DE 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

5

3. ADS.DE Growth Analysis

3.1 Past

  • ADS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.57%, which is quite good.
  • ADS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.43% yearly.
  • ADS shows a small growth in Revenue. In the last year, the Revenue has grown by 4.76%.
  • Measured over the past years, ADS shows a small growth in Revenue. The Revenue has been growing by 6.12% on average per year.
EPS 1Y (TTM)11.57%
EPS 3Y81.87%
EPS 5Y27.43%
EPS Q2Q%-44.64%
Revenue 1Y (TTM)4.76%
Revenue growth 3Y3.3%
Revenue growth 5Y6.12%
Sales Q2Q%7.18%

3.2 Future

  • ADS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.26% yearly.
  • ADS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.03% yearly.
EPS Next Y29.19%
EPS Next 2Y25.36%
EPS Next 3Y22.44%
EPS Next 5Y17.26%
Revenue Next Year5.82%
Revenue Next 2Y6.68%
Revenue Next 3Y6.95%
Revenue Next 5Y7.03%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
ADS.DE Yearly Revenue VS EstimatesADS.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
ADS.DE Yearly EPS VS EstimatesADS.DE 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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5

4. ADS.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.86 indicates a rather expensive valuation of ADS.
  • ADS's Price/Earnings ratio is a bit cheaper when compared to the industry. ADS is cheaper than 60.98% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.51. ADS is around the same levels.
  • The Price/Forward Earnings ratio is 12.42, which indicates a correct valuation of ADS.
  • 87.80% of the companies in the same industry are more expensive than ADS, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of ADS to the average of the S&P500 Index (21.41), we can say ADS is valued slightly cheaper.
Industry RankSector Rank
PE 22.86
Fwd PE 12.42
ADS.DE Price Earnings VS Forward Price EarningsADS.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ADS is valued a bit cheaper than the industry average as 65.85% of the companies are valued more expensively.
  • 75.61% of the companies in the same industry are cheaper than ADS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 95.65
EV/EBITDA 9.17
ADS.DE Per share dataADS.DE 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.
  • The decent profitability rating of ADS may justify a higher PE ratio.
  • A more expensive valuation may be justified as ADS's earnings are expected to grow with 22.44% in the coming years.
PEG (NY)0.78
PEG (5Y)0.83
EPS Next 2Y25.36%
EPS Next 3Y22.44%

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

3

5. ADS.DE Dividend Analysis

5.1 Amount

  • ADS has a Yearly Dividend Yield of 1.90%.
  • Compared to an average industry Dividend Yield of 2.23, ADS has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, ADS has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.9%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years3
ADS.DE Yearly Dividends per shareADS.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • ADS pays out 26.66% of its income as dividend. This is a sustainable payout ratio.
DP26.66%
EPS Next 2Y25.36%
EPS Next 3Y22.44%
ADS.DE Yearly Income VS Free CF VS DividendADS.DE 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
ADS.DE Dividend Payout.ADS.DE Dividend Payout, showing the Payout Ratio.ADS.DE Dividend Payout.PayoutRetained Earnings

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ADS.DE Fundamentals: All Metrics, Ratios and Statistics

ADIDAS AG

FRA:ADS (5/4/2026, 10:31:51 AM)

145.6

-1.8 (-1.22%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Industry Strength15.54
Industry Growth23.33
Earnings (Last)04-29
Earnings (Next)07-30
Inst Owners48.67%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap26.21B
Revenue(TTM)24.81B
Net Income(TTM)1.34B
Analysts80
Price Target208.1 (42.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.9%
Yearly Dividend2
Dividend Growth(5Y)N/A
DP26.66%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.03%
Min EPS beat(2)-3.88%
Max EPS beat(2)5.95%
EPS beat(4)3
Avg EPS beat(4)5.29%
Min EPS beat(4)-3.88%
Max EPS beat(4)15.64%
EPS beat(8)6
Avg EPS beat(8)7.83%
EPS beat(12)8
Avg EPS beat(12)13.3%
EPS beat(16)11
Avg EPS beat(16)6.59%
Revenue beat(2)0
Avg Revenue beat(2)-1.92%
Min Revenue beat(2)-2.31%
Max Revenue beat(2)-1.52%
Revenue beat(4)0
Avg Revenue beat(4)-2.59%
Min Revenue beat(4)-5.34%
Max Revenue beat(4)-1.17%
Revenue beat(8)2
Avg Revenue beat(8)-1.18%
Revenue beat(12)5
Avg Revenue beat(12)-0.44%
Revenue beat(16)6
Avg Revenue beat(16)-0.64%
PT rev (1m)-0.76%
PT rev (3m)-11.27%
EPS NQ rev (1m)-0.41%
EPS NQ rev (3m)0.95%
EPS NY rev (1m)-10.16%
EPS NY rev (3m)-10.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.96%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-2.18%
Valuation
Industry RankSector Rank
PE 22.86
Fwd PE 12.42
P/S 1.06
P/FCF 95.65
P/OCF 34.9
P/B 4.54
P/tB 6.35
EV/EBITDA 9.17
EPS(TTM)6.37
EY4.38%
EPS(NY)11.72
Fwd EY8.05%
FCF(TTM)1.52
FCFY1.05%
OCF(TTM)4.17
OCFY2.87%
SpS137.84
BVpS32.09
TBVpS22.94
PEG (NY)0.78
PEG (5Y)0.83
Graham Number67.817 (-53.42%)
Profitability
Industry RankSector Rank
ROA 6.61%
ROE 23.18%
ROCE 18.41%
ROIC 13.73%
ROICexc 16.98%
ROICexgc 20.76%
OM 8.29%
PM (TTM) 5.4%
GM 51.61%
FCFM 1.1%
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)10.23%
ROICexc(5y)10.8%
ROICexgc(3y)12.64%
ROICexgc(5y)13.22%
ROCE(3y)10.94%
ROCE(5y)11.22%
ROICexgc growth 3Y36.39%
ROICexgc growth 5Y12.06%
ROICexc growth 3Y36.22%
ROICexc growth 5Y15.12%
OM growth 3Y30.01%
OM growth 5Y12.18%
PM growth 3Y25.71%
PM growth 5Y18.17%
GM growth 3Y2.96%
GM growth 5Y0.63%
F-Score8
Asset Turnover1.22
Health
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 20.27
Debt/EBITDA 1.34
Cap/Depr 41.33%
Cap/Sales 1.92%
Interest Coverage 9.35
Cash Conversion 23.4%
Profit Quality 20.46%
Current Ratio 1.32
Quick Ratio 0.68
Altman-Z 3.22
F-Score8
WACC6.75%
ROIC/WACC2.03
Cap/Depr(3y)42.54%
Cap/Depr(5y)47.24%
Cap/Sales(3y)2.18%
Cap/Sales(5y)2.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.57%
EPS 3Y81.87%
EPS 5Y27.43%
EPS Q2Q%-44.64%
EPS Next Y29.19%
EPS Next 2Y25.36%
EPS Next 3Y22.44%
EPS Next 5Y17.26%
Revenue 1Y (TTM)4.76%
Revenue growth 3Y3.3%
Revenue growth 5Y6.12%
Sales Q2Q%7.18%
Revenue Next Year5.82%
Revenue Next 2Y6.68%
Revenue Next 3Y6.95%
Revenue Next 5Y7.03%
EBIT growth 1Y53.78%
EBIT growth 3Y34.3%
EBIT growth 5Y19.05%
EBIT Next Year77.78%
EBIT Next 3Y29.66%
EBIT Next 5Y20.15%
FCF growth 1Y-88.44%
FCF growth 3YN/A
FCF growth 5Y-23.44%
OCF growth 1Y-74.19%
OCF growth 3YN/A
OCF growth 5Y-12.75%

ADIDAS AG / ADS.DE Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to ADS.DE.


What is the valuation status for ADS stock?

ChartMill assigns a valuation rating of 5 / 10 to ADIDAS AG (ADS.DE). This can be considered as Fairly Valued.


How profitable is ADIDAS AG (ADS.DE) stock?

ADIDAS AG (ADS.DE) has a profitability rating of 6 / 10.


What is the financial health of ADIDAS AG (ADS.DE) stock?

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


Can you provide the dividend sustainability for ADS stock?

The dividend rating of ADIDAS AG (ADS.DE) is 3 / 10 and the dividend payout ratio is 26.66%.