Adidas AG
F:ADS
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
A
|
Adidas AG
F:ADS
|
DE |
|
C
|
China Aerospace International Holdings Ltd
F:CIOC
|
HK |
|
C
|
China Aerospace International Holdings Ltd
XMUN:CIOC
|
HK |
Intrinsic Value
The intrinsic value of 
Adidas AG (ADS) under the Base Case is 203.44 EUR per share.
Compared with the current market price of 158.35 EUR, the stock appears
Undervalued by 22% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Adidas Does
Adidas makes athletic footwear, apparel, and accessories for sports and everyday wear. Its products include running shoes, training gear, soccer kits, sneakers, and bags, sold under the Adidas brand and, in some cases, the Reebok brand in markets where it still has rights. The company sells mainly to consumers through its own stores and websites, and through wholesale partners such as sporting goods chains, department stores, and online retailers.
- Headquarters
- Germany DE
- Employees
- 64 938
- IPO date
- Nov 28, 1997
Adidas has no economic moat
Shoppers can choose competing shoes and clothing without losing money spent on training, data or compatible equipment. Adidas attracts demand through its designs and reputation, but that appeal does not keep rivals from competing for customers or putting pressure on prices.
Read the full moat analysis
Revenue & Expenses Breakdown
Adidas AG
Earnings Waterfall
Adidas AG
The intrinsic value for Adidas AG (ADS) under the Base Case is 203.44 EUR.
Compared with the current market price of 158.35 EUR, the stock appears Undervalued by 22% .