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Adidas AG
XETRA:ADS

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Adidas AG
XETRA:ADS
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Price: 149.3 EUR 8.35% Market Closed
Market Cap: €26.9B

P/OCF

35.6
Current
128%
More Expensive
vs 3-y average of 15.6

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
35.6
=
Market Cap
€25.5B
/
Operating Cash Flow
€751m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
35.6
=
Market Cap
€25.5B
/
Operating Cash Flow
€751m

Valuation Scenarios

Adidas AG is trading above its 3-year average

If P/OCF returns to its 3-Year Average (15.6), the stock would be worth €65.51 (56% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-76%
Maximum Upside
No Upside Scenarios
Average Downside
63%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 35.6 €149.3
0%
3-Year Average 15.6 €65.51
-56%
5-Year Average 16.6 €69.42
-54%
Industry Average 12 €50.14
-66%
Country Average 8.7 €36.4
-76%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
DE
Adidas AG
XETRA:ADS
26.7B EUR 35.6 20
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
222.6B EUR 11.8 20.5
FR
Hermes International SCA
PAR:RMS
168.5B EUR 31.4 37.3
KR
SBW
KRX:102280
235.5T KRW 2 215 132.4 -117 637.1
CH
Compagnie Financiere Richemont SA
SIX:CFR
87.7B CHF 18.8 23.2
FR
EssilorLuxottica SA
PAR:EL
83.7B EUR 15.8 36.1
FR
Christian Dior SE
PAR:CDI
76.1B EUR 4 16.8
IN
Titan Company Ltd
NSE:TITAN
3.9T INR 254.3 82.5
FR
Kering SA
PAR:KER
28.5B EUR 9 396
US
Tapestry Inc
NYSE:TPR
29.2B USD 16.3 55.1
CN
ANTA Sports Products Ltd
HKEX:2020
227.9B HKD 9.8 15.2
P/E Multiple
Earnings Growth PEG
DE
Adidas AG
XETRA:ADS
Average P/E: 70.3
20
23%
0.9
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
20.5
11%
1.9
FR
Hermes International SCA
PAR:RMS
37.3
12%
3.1
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
CH
Compagnie Financiere Richemont SA
SIX:CFR
23.2
16%
1.4
FR
EssilorLuxottica SA
PAR:EL
36.1
26%
1.4
FR
Christian Dior SE
PAR:CDI
16.8
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
82.5
32%
2.6
FR
Kering SA
PAR:KER
396
186%
2.1
US
Tapestry Inc
NYSE:TPR
55.1
107%
0.5
CN
ANTA Sports Products Ltd
HKEX:2020
15.2
10%
1.5

Market Distribution

Higher than 93% of companies in Germany
Percentile
93nd
Based on 2 380 companies
93nd percentile
35.6
Low
0.3 — 5.5
Typical Range
5.5 — 14
High
14 —
Distribution Statistics
Germany
Min 0.3
30th Percentile 5.5
Median 8.7
70th Percentile 14
Max 2 516.3

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 €149.3
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