adidas AG

XTRA:ADS 株式レポート

時価総額：€24.9b

adidas 過去の業績

過去 基準チェック /56

adidasは、平均年間1.4%の収益成長を遂げていますが、 Luxury業界の収益は、年間 成長しています。収益は、平均年間9.6% 3.8%収益成長率で 成長しています。 adidasの自己資本利益率は22.8%であり、純利益率は5.3%です。

主要情報

1.42%

収益成長率

4.47%

EPS成長率

Luxury 業界の成長7.70%
収益成長率3.85%
株主資本利益率22.80%
ネット・マージン5.30%
次回の業績アップデート29 Oct 2026

最近の業績更新

Recent updates

ナラティブ更新 • Sep 17

ADS: Direct To Consumer Strength Will Support Future Earnings And Margin Delivery

Analysts have trimmed their average price expectations for adidas, with the updated fair value estimate moving lower to about €243. This reflects recent price target cuts tied to more cautious revenue growth assumptions, a slightly higher discount rate, and a lower future P/E, partly offset by marginally stronger projected profit margins.
ナラティブ更新 • Sep 03

ADS: World Cup Tailwinds And Direct Sales Will Support Brand Momentum

Adidas' fair value estimate is updated to €170 from €163, as analysts point to a mix of higher P/E assumptions around €200 to €230 price targets and ongoing product momentum, tempered by concerns about margins and promotional pressure in key wholesale channels. Analyst Commentary Recent research on Adidas highlights a split view.
ナラティブ更新 • Aug 13

ADS: World Cup Brand Momentum And Direct To Consumer Focus Will Drive Re Rating

Analysts have trimmed their fair value estimate for adidas stock to about €203 from roughly €208. This reflects slightly lower assumptions for revenue growth, profit margins, and future P/E multiples, along with a modestly higher discount rate, while still citing resilient brand momentum and ongoing product and marketing investments as key supports.
分析記事 • Aug 02

adidas AG Just Missed EPS By 16%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that adidas AG ( ETR:ADS ) released its half-yearly result to the market. The early...
ナラティブ更新 • Jul 30

ADS: World Cup Exposure And Direct Sales Will Test Recent Momentum

Analysts have raised the fair value estimate for adidas stock to €163 from €156, citing stronger demand trends relative to several peers. Research also highlights product momentum, World Cup exposure and broader order visibility as key reasons for the higher price targets on the shares.
ナラティブ更新 • Jul 16

ADS: World Cup Exposure And Direct To Consumer Execution Should Drive Re Rating

Analysts have raised the fair value estimate for adidas stock from €199.71 to €207.59, citing higher price targets that reflect confidence in World Cup related momentum, product trends, and broad based revenue growth potential. Analyst Commentary Recent research on adidas highlights a mix of optimism around the company’s current momentum and some caution around execution and near term profit impact, which helps explain the higher fair value estimate.
ナラティブ更新 • Jul 02

ADS: Direct To Consumer Momentum Will Support Broader Earnings Upside Potential

The analyst price target for adidas has been revised from about €278 to roughly €257, as analysts factor in a slightly higher discount rate and more moderate profit margin expectations. At the same time, they highlight ongoing direct to consumer revenue momentum, broad-based regional strength and a more attractive risk and return profile after the recent share pullback.
ナラティブ更新 • Jun 18

ADS: Direct To Consumer Execution And World Cup Plans Should Support Re Rating

The analyst price target for adidas has edged higher to about €200, as analysts highlight direct to consumer led revenue growth, broad based regional and category momentum, and recent rating upgrades that reflect improved confidence in the company’s execution. Analyst Commentary Recent research on adidas centers on how the company is executing its direct to consumer approach, how that feeds into growth expectations, and what that might mean for valuation as price targets shift higher or lower.
ナラティブ更新 • Jun 04

ADS: Recent Pullback And Earnings Delivery Should Support Future Re Rating

Adidas' analyst price target has been revised slightly higher to €198.28 from €196.77. Analysts attribute the change to recent target adjustments across banks, including upgrades linked to the share price pullback and recalibrated earnings expectations.
分析記事 • May 02

adidas AG Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

adidas AG ( ETR:ADS ) just released its latest first-quarter results and things are looking bullish. Results were good...
ナラティブ更新 • Apr 27

ADS: China Strength And Buybacks Will Support Future Re Rating

Adidas' analyst fair value estimate has been trimmed by about €3 to €196.77 as analysts factor in slightly more cautious revenue growth assumptions, alongside relatively steady profit margin and P/E expectations, following a series of recent price target revisions across the Street. Analyst Commentary Recent research highlights a mixed but generally constructive read on adidas, with several firms trimming price targets while still expressing confidence in execution and the long-term earnings profile.
ナラティブ更新 • Apr 10

ADS: Premium Consumers And Buybacks Will Support Future Re Rating

Adidas' analyst price target has shifted modestly higher to €199.96 from €199.42, as analysts balance recent target cuts with views of steady revenue, stable profit margins and a broadly unchanged future P/E outlook. Analyst Commentary Recent research paints a mixed picture, with several firms trimming their price targets on Adidas while keeping positive ratings, and others flagging risks around guidance and sector pressures.
ナラティブ更新 • Mar 26

ADS: Premium Consumers And Buybacks Will Support Future Multiple Expansion

The analyst price target for adidas has been trimmed by a few euros, reflecting slightly lower fair value assumptions and a modest reset in growth and P/E expectations after several firms cut their targets into a €185 to €232 range, while still highlighting solid execution and guidance. Analyst Commentary Recent research has centered on a cluster of price target cuts, with most new targets sitting between €185 and €232 or around $138 for those quoting in U.S. dollars.
ナラティブ更新 • Mar 11

ADS: Premium Consumers And Buybacks Will Support Future Margin Resilience

Our analyst fair value estimate for adidas has been reduced from about €221 to €202, reflecting a series of Street price target reductions as analysts factor in more cautious revenue growth, slimmer profit margins, and slightly lower future P/E assumptions. Analyst Commentary Recent Street research on adidas points to a reset lower in price targets, but most firms are still keeping positive or constructive ratings on the shares.
ナラティブ更新 • Feb 25

ADS: Premium Consumers And Share Buybacks Will Support Future Margin Resilience

Analysts have trimmed their fair value estimate for adidas by about €1 to roughly €221, reflecting slightly softer assumptions for revenue growth, profit margins and future P/E. This is in line with recent mixed research that includes a reduced price target at Citi, a downgrade at RBC Capital, and a more upbeat initiation at Grupo Santander and higher target at Bernstein.
ナラティブ更新 • Feb 11

ADS: Premium Consumers And Buyback Plan Will Support Future Margin Resilience

Analysts have trimmed their consolidated price target for adidas to about €222 from roughly €225, reflecting slightly higher required returns and marginally softer assumptions on growth and profitability, even as some houses still see room for rerating based on sector positioning and the potential for brand recovery. Analyst Commentary Bullish Takeaways Bullish analysts highlight that some sportswear names, including adidas, are viewed as clearly dislocated, with share prices that, in their view, do not fully reflect recent guidance and earnings revisions.
ナラティブ更新 • Jan 26

ADS: Premium Consumers And Sports Footwear Demand Will Support Future Margin Resilience

Analysts have made a slight adjustment to their fair value estimate for adidas to €224.84, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E following a mix of recent price target hikes and a downgrade in Street research. Analyst Commentary Recent Street research on adidas offers a mix of optimism and caution, which helps explain the modest tweak to the fair value estimate.
ナラティブ更新 • Jan 12

ADS: Premium Consumers And Sports Footwear Shift Will Support Stronger Margins

Analysts have nudged their fair value estimate for adidas higher to about €226.60 from roughly €223.57, reflecting updated price targets and views that greater exposure to premium consumers and sportswear demand could support slightly stronger margins and a modestly higher future P/E. Analyst Commentary Recent street research has tilted constructive on adidas, with several firms adjusting price targets higher in both US dollar and euro terms.
ナラティブ更新 • Dec 26

ADS: Brand Strength Will Support Premium Margins As Earnings Power Improves

Analysts have nudged their price target for adidas slightly higher to about EUR 224, supported by new Outperform and Overweight views that emphasize resilient profitability and a modestly richer future earnings multiple, despite slightly softer long term growth assumptions. Analyst Commentary Recent Street research on adidas reflects a generally constructive stance on the shares, with price targets clustered modestly above current levels and supported by expectations of resilient execution, disciplined cost control, and a steady recovery in brand momentum.
ナラティブ更新 • Dec 12

ADS: Brand Strength Will Support Premium Margins Despite Intensifying Competitive Pressures

The analyst price target for adidas has been modestly reduced to EUR 222 from EUR 229 as analysts temper their fair value and margin assumptions, despite recent supportive coverage including new Outperform and Overweight ratings. Analyst Commentary Bullish analysts point to a supportive fundamental backdrop for adidas, with recent coverage highlighting confidence in the company’s ability to sustain profitable growth despite a more competitive landscape in sportswear and footwear.
ナラティブ更新 • Nov 28

ADS: Revenue Momentum Will Drive Double-Digit Gains Amid Easing Margin Pressures

The analyst price target for adidas has been modestly lowered by approximately EUR 2 to EUR 229. Analysts cite slightly higher discount rates and a conservative outlook for future growth and profitability as the reasons for this adjustment.
ナラティブ更新 • Nov 13

ADS: Double-Digit Revenue Growth Will Drive Upside Amid Rising Competition

Analysts have slightly reduced their fair value estimate for adidas, lowering the price target from approximately EUR 234.05 to EUR 231.65 due to modest adjustments to key financial assumptions. These adjustments include slower projected revenue growth and an increased discount rate.
ナラティブ更新 • Oct 30

ADS: Stable Profit Margins Will Support Renewed Confidence Amid Legal Scrutiny

Analysts have modestly increased their price target for adidas shares from €234 to €238. They note stable profit margin outlook and minor adjustments to growth assumptions as drivers for the slight upward revision.
分析記事 • Sep 28

adidas (ETR:ADS) Might Have The Makings Of A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
ナラティブ更新 • Sep 19

Rising Health Trends Will Expand Global Athleisure And E-commerce

Given that adidas’s key forward metrics—Future P/E and consensus revenue growth—remain virtually unchanged, the marginal downward revision in its consensus analyst price target to €237.35 likely reflects only minor adjustments in sentiment rather than any significant shifts in underlying fundamentals. What's in the News Mexico is considering legal action against Adidas after the company collaborated with a Mexican American designer to launch a product inspired by traditional Indigenous sandals, citing concerns about big companies using Indigenous designs without proper compensation (Reuters).
ナラティブ更新 • Sep 04

Rising Health Trends Will Expand Global Athleisure And E-commerce

With both revenue growth forecasts and future P/E ratios holding steady, consensus analyst price targets for adidas remain unchanged at €241.02. What's in the News Mexico is exploring legal action against Adidas after the company collaborated with designer Willy Chavarria on a show inspired by traditional Indigenous sandals, with President Claudia Sheinbaum noting concerns about misuse of Indigenous designs (Reuters).
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新しいナラティブ • Nov 07

Retail Innovation And Global Expansion Drive Growth And Earnings Potential

Strategic retail investments and product innovations aim to boost revenue growth through enhanced brand visibility and consumer engagement.

収支内訳

adidas の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

XTRA:ADS 収益、費用、利益 ( )EUR Millions
日付収益収益G+A経費研究開発費
30 Jun 2626,0411,38111,3490
31 Mar 2625,2501,37610,9150
31 Dec 2524,8111,33210,8480
30 Sep 2524,7001,21110,8520
30 Jun 2524,5081,18810,9500
31 Mar 2524,3781,02011,0370
31 Dec 2423,68375610,9000
30 Sep 2422,52938110,3670
30 Jun 2422,09019610,0990
31 Mar 2421,6118510,0450
31 Dec 2321,427-1199,9330
30 Sep 2321,821-17910,1620
30 Jun 2322,231-36810,2680
31 Mar 2322,483-10710,1870
31 Dec 2222,51122810,0780
30 Sep 2222,4448209,8600
30 Jun 2221,7861,2159,4210
31 Mar 2221,2681,2469,0270
31 Dec 2121,2341,4508,8160
30 Sep 2121,2371,4768,6060
30 Jun 2121,0471,5248,4610
31 Mar 2119,3229268,3650
31 Dec 2018,4354518,4640
30 Sep 2019,1324968,8090
30 Jun 2019,9816369,2030
31 Mar 2022,1381,3189,5380
31 Dec 1923,6401,9179,7090
30 Sep 1923,0351,8299,6480
30 Jun 1922,4981,8399,3530
31 Mar 1922,2501,7969,2160
31 Dec 1821,9151,7079,0270
30 Sep 1821,7381,6088,8400
30 Jun 1821,5421,50212,9730
31 Mar 1821,3191,4318,6420
31 Dec 1721,2181,3518,6360
30 Sep 1720,6621,36013,538149
30 Jun 1720,2071,2187,214149
31 Mar 1719,3681,1729,336149
31 Dec 1618,4831,0797,214149
30 Sep 1618,1501,0416,689139
30 Jun 1617,6869696,689139
31 Mar 1617,3948136,689139
31 Dec 1516,9156806,689139
30 Sep 1516,3586455,303126

質の高い収益: ADSは 高品質の収益 を持っています。

利益率の向上: ADSの現在の純利益率 (5.3%)は、昨年(4.8%)よりも高くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: ADSの収益は過去 5 年間で年間1.4%増加しました。

成長の加速: ADSの過去 1 年間の収益成長率 ( 16.2% ) は、5 年間の平均 ( 年間1.4%を上回っています。

収益対業界: ADSの過去 1 年間の収益成長率 ( 16.2% ) Luxury業界17.9%を上回りませんでした。

株主資本利益率

高いROE: ADSの 自己資本利益率 ( 22.8% ) は 高い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/09/22 19:23
終値2026/09/22 00:00
収益2026/06/30
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

シンプリー・ウォールストリート分析モデルを設計・構築した ご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

adidas AG 28 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。64

アナリスト機関
Volker BosseBaader Helvea Equity Research
Knut WollerBaader Helvea Equity Research
Jonathan KompBaird