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Adidas AG
XETRA:ADS

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Adidas AG
XETRA:ADS
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Price: 147.4 EUR -1.27% Market Closed
Market Cap: €26.5B

P/FCFE

-71.1
Current
272%
Cheaper
vs 3-y average of 41.4

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-71.1
=
Market Cap
€25.5B
/
Free Cash Flow to Equity
€-371.5m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-71.1
=
Market Cap
€25.5B
/
Free Cash Flow to Equity
€-371.5m

Valuation Scenarios

Adidas AG is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (41.4), the stock would be worth €-85.75 (158% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-158%
Maximum Upside
No Upside Scenarios
Average Downside
138%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple -71.1 €147.4
0%
3-Year Average 41.4 €-85.75
-158%
5-Year Average 30.5 €-63.18
-143%
Industry Average 15.4 €-31.95
-122%
Country Average 22 €-45.53
-131%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
DE
Adidas AG
XETRA:ADS
26.3B EUR -71.1 19.7
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
224.1B EUR 26.3 20.6
FR
Hermes International SCA
PAR:RMS
170.2B EUR 43.9 37.6
KR
SBW
KRX:102280
235.5T KRW -64 791.4 -117 637.1
CH
Compagnie Financiere Richemont SA
SIX:CFR
87.3B CHF 35.6 23.5
FR
EssilorLuxottica SA
PAR:EL
84B EUR 22.1 36.3
FR
Christian Dior SE
PAR:CDI
76.7B EUR 8.8 16.9
IN
Titan Company Ltd
NSE:TITAN
3.9T INR 464.9 81.6
FR
Kering SA
PAR:KER
28.5B EUR 147.6 396.2
US
Tapestry Inc
NYSE:TPR
28.9B USD 24.6 55.4
CN
ANTA Sports Products Ltd
HKEX:2020
226.9B HKD 17.7 14.8
P/E Multiple
Earnings Growth PEG
DE
Adidas AG
XETRA:ADS
Average P/E: 70.3
19.7
23%
0.9
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
20.6
11%
1.9
FR
Hermes International SCA
PAR:RMS
37.6
12%
3.1
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
CH
Compagnie Financiere Richemont SA
SIX:CFR
23.5
16%
1.5
FR
EssilorLuxottica SA
PAR:EL
36.3
26%
1.4
FR
Christian Dior SE
PAR:CDI
16.9
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
81.6
32%
2.6
FR
Kering SA
PAR:KER
396.2
186%
2.1
US
Tapestry Inc
NYSE:TPR
55.4
107%
0.5
CN
ANTA Sports Products Ltd
HKEX:2020
14.8
10%
1.5

Market Distribution

Lower than 100% of companies in Germany
Percentile
0th
Based on 1 747 companies
0th percentile
-71.1
Low
0.3 — 12.8
Typical Range
12.8 — 33.7
High
33.7 —
Distribution Statistics
Germany
Min 0.3
30th Percentile 12.8
Median 22
70th Percentile 33.7
Max 8 508.8

Adidas AG
Glance View

Adidas AG, a pillar of the global sportswear industry, traces its roots to the German town of Herzogenaurach in 1949, where it pioneered the fusion of sports and style. Its founder, Adolf Dassler, embarked on a mission to equip athletes with innovative footwear, a philosophy that still reverberates through the company's operations. Today, Adidas crafts its success on a reputation for high-performance athletic gear that stretches beyond the pitch and into the realms of running, training, and lifestyle. The company continuously harnesses cutting-edge technology and design, whether through its Boost midsole technology or the sleek silhouettes of its sneaker collaborations, which merge athletic function with street-ready aesthetics. These innovations position Adidas not only as a trusted outfit for athletes but as a venerated style icon, appealing to a broad demographic eager for both performance and prestige. Adidas's business architecture hinges on a strategic blend of direct-to-consumer sales, wholesale partnerships, and digital endeavors. This multifaceted approach ensures a robust global presence, with brick-and-mortar stores complemented by a streamlined e-commerce platform. In recent years, the company has intensified its focus on sustainability, launching eco-friendly products to meet the rising demand for greener options from conscientious consumers. Adidas nurtures strong alliances with influential sports teams, athletes, and celebrities, weaving these endorsements into the fabric of its marketing strategy. Revenue generation, thus, blooms from an intricate tapestry of product sales, brand loyalty cultivated through strategic advertising, and an expanding subscription service for exclusive releases. With these threads, Adidas deftly navigates the competitive landscape, ensuring its stripes remain synonymous with innovation and excellence in the sportswear arena.

ADS Intrinsic Value
260.64 EUR
Undervaluation 43%
Intrinsic Value
Price €147.4
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