Adidas AG
XETRA:ADS

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Adidas AG
XETRA:ADS
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Price: 149.1 EUR 3.9% Market Closed
Market Cap: €26.8B

Relative Value

The Relative Value of one ADS stock under the Base Case scenario is 224.47 EUR. Compared to the current market price of 149.1 EUR, Adidas AG is Undervalued by 34%.

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
224.47 EUR
Undervaluation 34%
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
XETRA:ADS
26.7B EUR 1.1 21.9 9.3 14.9
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
271.5B EUR 3.3 24.7 11.3 16.3
FR
Hermes International SCA
PAR:RMS
213.3B EUR 13.7 47.9 27.8 31.8
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 50.4 19.1 36.1
CH
Compagnie Financiere Richemont SA
SIX:CFR
87.9B CHF 4.3 23.1 21.4 21.4
FR
Christian Dior SE
PAR:CDI
92.4B EUR 1.1 20.4 4.4 6.4
FR
Kering SA
PAR:KER
32.2B EUR 2.1 44.5 11.5 25.7
IN
Titan Company Ltd
NSE:TITAN
3.5T INR 5.2 85.7 53.3 59.6
CN
ANTA Sports Products Ltd
HKEX:2020
219B HKD 2.6 13.2 9.5 9.5
US
Tapestry Inc
NYSE:TPR
26.4B USD 3.6 95.9 17.3 19.2
P/E Multiple
Earnings Growth PEG
DE
Adidas AG
XETRA:ADS
Average P/E: 42.8
21.9
44%
0.5
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
24.7
19%
1.3
FR
Hermes International SCA
PAR:RMS
47.9
8%
6
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
50.4
22%
2.3
CH
Compagnie Financiere Richemont SA
SIX:CFR
23.1
17%
1.4
FR
Christian Dior SE
PAR:CDI
20.4
N/A N/A
FR
Kering SA
PAR:KER
44.5
9%
4.9
IN
Titan Company Ltd
NSE:TITAN
85.7
29%
3
CN
ANTA Sports Products Ltd
HKEX:2020
13.2
3%
4.4
US
Tapestry Inc
NYSE:TPR
95.9
99%
1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Adidas AG
XETRA:ADS
Average EV/EBITDA: 18.5
9.3
21%
0.4
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
11.3
7%
1.6
FR
Hermes International SCA
PAR:RMS
27.8
7%
4
KR
SBW
KRX:102280
Negative Multiple: -79 390.5 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
19.1
10%
1.9
CH
Compagnie Financiere Richemont SA
SIX:CFR
21.4
8%
2.7
FR
Christian Dior SE
PAR:CDI
4.4
N/A N/A
FR
Kering SA
PAR:KER
11.5
-1%
N/A
IN
Titan Company Ltd
NSE:TITAN
53.3
25%
2.1
CN
ANTA Sports Products Ltd
HKEX:2020
9.5
8%
1.2
US
Tapestry Inc
NYSE:TPR
17.3
9%
1.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Adidas AG
XETRA:ADS
Average EV/EBIT: 24.1
14.9
35%
0.4
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
16.3
7%
2.3
FR
Hermes International SCA
PAR:RMS
31.8
7%
4.5
KR
SBW
KRX:102280
Negative Multiple: -58 109.2 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
36.1
18%
2
CH
Compagnie Financiere Richemont SA
SIX:CFR
21.4
10%
2.1
FR
Christian Dior SE
PAR:CDI
6.4
N/A N/A
FR
Kering SA
PAR:KER
25.7
1%
25.7
IN
Titan Company Ltd
NSE:TITAN
59.6
26%
2.3
CN
ANTA Sports Products Ltd
HKEX:2020
9.5
11%
0.9
US
Tapestry Inc
NYSE:TPR
19.2
9%
2.1