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Adidas AG
XMUN:ADS

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Adidas AG
XMUN:ADS
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Price: 145.2 EUR 3.05% Market Closed
Market Cap: €26.1B

Relative Value

The Relative Value of one ADS stock under the Base Case scenario is 307.03 EUR. Compared to the current market price of 145.2 EUR, Adidas AG is Undervalued by 53%.

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
307.03 EUR
Undervaluation 53%
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
XMUN:ADS
25.5B EUR 1 19 8.5 13.4
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
249.1B EUR 3 22.8 10.4 15.1
FR
Hermes International SCA
PAR:RMS
199.8B EUR 12.5 44.2 25.3 28.9
KR
SBW
KRX:102280
235.5T KRW 2 563.1 -117 637.1 -79 390.5 -58 109.2
FR
EssilorLuxottica SA
PAR:EL
98.4B EUR 3.5 42.6 16.1 30.9
CH
Compagnie Financiere Richemont SA
SIX:CFR
83.7B CHF 4.2 22.5 18.9 18.9
FR
Christian Dior SE
PAR:CDI
86.3B EUR 1.1 19.2 4.1 6.1
IN
Titan Company Ltd
NSE:TITAN
3.8T INR 5 79.2 49.6 54.6
FR
Kering SA
PAR:KER
31.6B EUR 2.2 442.8 11.6 26
US
Tapestry Inc
NYSE:TPR
29.2B USD 3.9 56 17.3 19
CN
ANTA Sports Products Ltd
HKEX:2020
225.7B HKD 2.6 13.4 10.8 10.8
P/E Multiple
Earnings Growth PEG
DE
Adidas AG
XMUN:ADS
Average P/E: 76.2
19
27%
0.7
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
22.8
12%
1.9
FR
Hermes International SCA
PAR:RMS
44.2
12%
3.7
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
42.6
27%
1.6
CH
Compagnie Financiere Richemont SA
SIX:CFR
22.5
17%
1.3
FR
Christian Dior SE
PAR:CDI
19.2
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
79.2
32%
2.5
FR
Kering SA
PAR:KER
442.8
188%
2.4
US
Tapestry Inc
NYSE:TPR
56
107%
0.5
CN
ANTA Sports Products Ltd
HKEX:2020
13.4
1%
13.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Adidas AG
XMUN:ADS
Average EV/EBITDA: 17.3
8.5
16%
0.5
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
10.4
4%
2.6
FR
Hermes International SCA
PAR:RMS
25.3
8%
3.2
KR
SBW
KRX:102280
Negative Multiple: -79 390.5 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
16.1
13%
1.2
CH
Compagnie Financiere Richemont SA
SIX:CFR
18.9
8%
2.4
FR
Christian Dior SE
PAR:CDI
4.1
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
49.6
27%
1.8
FR
Kering SA
PAR:KER
11.6
11%
1.1
US
Tapestry Inc
NYSE:TPR
17.3
13%
1.3
CN
ANTA Sports Products Ltd
HKEX:2020
10.8
7%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Adidas AG
XMUN:ADS
Average EV/EBIT: 22.4
13.4
20%
0.7
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
15.1
8%
1.9
FR
Hermes International SCA
PAR:RMS
28.9
9%
3.2
KR
SBW
KRX:102280
Negative Multiple: -58 109.2 N/A N/A
FR
EssilorLuxottica SA
PAR:EL
30.9
23%
1.3
CH
Compagnie Financiere Richemont SA
SIX:CFR
18.9
10%
1.9
FR
Christian Dior SE
PAR:CDI
6.1
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
54.6
29%
1.9
FR
Kering SA
PAR:KER
26
23%
1.1
US
Tapestry Inc
NYSE:TPR
19
13%
1.5
CN
ANTA Sports Products Ltd
HKEX:2020
10.8
10%
1.1
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

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