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Adidas AG
F:ADS

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Adidas AG
F:ADS
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Price: 151.85 EUR 2.12% Market Closed
Market Cap: €27.1B

Relative Value

The Relative Value of one ADS stock under the Base Case scenario is 299.76 EUR. Compared to the current market price of 151.85 EUR, Adidas AG is Undervalued by 49%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ADS Relative Value
Base Case
299.76 EUR
Undervaluation 49%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

ADS Competitors Multiples
Adidas AG Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
DE
Adidas AG
F:ADS
27B EUR 1.1 22.3 9.4 15.1
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
267B EUR 3.2 24.3 11.1 16.1
FR
Hermes International SCA
PAR:RMS
214.8B EUR 13.6 47.8 27.9 31.9
KR
SBW
KRX:102280
235.5T KRW 2 563.1 -117 637.1 -79 390.5 -58 109.2
FR
EssilorLuxottica SA
PAR:EL
119.3B EUR 4.4 50 18.9 35.9
CH
Compagnie Financiere Richemont SA
SIX:CFR
90.2B CHF 4.5 23.9 20.3 20.3
FR
Christian Dior SE
PAR:CDI
91.2B EUR 1.1 20.1 4.3 6.3
IN
Titan Company Ltd
NSE:TITAN
3.6T INR 5.4 88.4 54.8 61.3
FR
Kering SA
PAR:KER
31.8B EUR 2 43.4 11.4 25.3
CN
ANTA Sports Products Ltd
HKEX:2020
226.7B HKD 2.7 13.4 10.9 10.9
US
Tapestry Inc
NYSE:TPR
29.4B USD 4.1 108.2 19.3 21.4
P/E Multiple
Earnings Growth PEG
DE
Adidas AG
F:ADS
Average P/E: 44.2
22.3
44%
0.5
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
24.3
19%
1.3
FR
Hermes International SCA
PAR:RMS
47.8
8%
6
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
50
22%
2.3
CH
Compagnie Financiere Richemont SA
SIX:CFR
23.9
17%
1.4
FR
Christian Dior SE
PAR:CDI
20.1
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
88.4
29%
3
FR
Kering SA
PAR:KER
43.4
9%
4.8
CN
ANTA Sports Products Ltd
HKEX:2020
13.4
3%
4.5
US
Tapestry Inc
NYSE:TPR
108.2
99%
1.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Adidas AG
F:ADS
Average EV/EBITDA: 18.8
9.4
21%
0.4
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
11.1
7%
1.6
FR
Hermes International SCA
PAR:RMS
27.9
7%
4
KR
SBW
KRX:102280
Negative Multiple: -79 390.5 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
18.9
10%
1.9
CH
Compagnie Financiere Richemont SA
SIX:CFR
20.3
8%
2.5
FR
Christian Dior SE
PAR:CDI
4.3
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
54.8
25%
2.2
FR
Kering SA
PAR:KER
11.4
-1%
N/A
CN
ANTA Sports Products Ltd
HKEX:2020
10.9
8%
1.4
US
Tapestry Inc
NYSE:TPR
19.3
9%
2.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Adidas AG
F:ADS
Average EV/EBIT: 24.5
15.1
35%
0.4
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
16.1
7%
2.3
FR
Hermes International SCA
PAR:RMS
31.9
7%
4.6
KR
SBW
KRX:102280
Negative Multiple: -58 109.2 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
35.9
18%
2
CH
Compagnie Financiere Richemont SA
SIX:CFR
20.3
10%
2
FR
Christian Dior SE
PAR:CDI
6.3
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
61.3
26%
2.4
FR
Kering SA
PAR:KER
25.3
1%
25.3
CN
ANTA Sports Products Ltd
HKEX:2020
10.9
11%
1
US
Tapestry Inc
NYSE:TPR
21.4
9%
2.4