View Future Growthadidas 過去の業績過去 基準チェック /56adidasの収益は年間平均-3.8%の割合で減少していますが、 Luxury業界の収益は年間 増加しています。収益は年間23.7% 3.9%割合で 増加しています。 adidasの自己資本利益率は22.4%であり、純利益率は5.4%です。主要情報-3.83%収益成長率-0.78%EPS成長率Luxury 業界の成長7.70%収益成長率3.89%株主資本利益率22.44%ネット・マージン5.45%次回の業績アップデート30 Jul 2026最近の業績更新お知らせ • Dec 17+ 3 more updatesadidas AG to Report Q1, 2026 Results on Apr 29, 2026adidas AG announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Jan 29adidas AG to Report Fiscal Year 2024 Final Results on Apr 01, 2025adidas AG announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Apr 01, 2025Reported Earnings • Oct 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €2.44 (up from €1.39 in 3Q 2023). Revenue: €6.44b (up 7.3% from 3Q 2023). Net income: €436.0m (up 75% from 3Q 2023). Profit margin: 6.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.お知らせ • Oct 23+ 3 more updatesadidas AG to Report Nine Months, 2025 Results on Oct 29, 2025adidas AG announced that they will report nine months, 2025 results on Oct 29, 2025Reported Earnings • Aug 01Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €1.09 (up from €0.48 in 2Q 2023). Revenue: €5.82b (up 9.0% from 2Q 2023). Net income: €196.0m (up 131% from 2Q 2023). Profit margin: 3.4% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: €0.96 (up from €0.18 loss in 1Q 2023). Revenue: €5.46b (up 3.5% from 1Q 2023). Net income: €171.0m (up €204.0m from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesお知らせ • Mar 27adidas AG, Annual General Meeting, May 07, 2026adidas AG, Annual General Meeting, May 07, 2026, at 10:00 W. Europe Standard Time.お知らせ • Mar 05adidas AG announces Annual dividend, payable on May 12, 2026adidas AG announced Annual dividend of EUR 2.8000 per share payable on May 12, 2026, ex-date on May 08, 2026 and record date on May 11, 2026.お知らせ • Jan 30adidas AG (XTRA:ADS) announces an Equity Buyback for €1,000 million worth of its shares.adidas AG (XTRA:ADS) announces a share repurchase program. Under the program, the company will repurchase up to €1,000 million worth of its shares. The repurchased shares will be cancelled. The share buyback will be financed through the company’s anticipated strong cash flow generation in 2026. the company intends to cancel the repurchased shares. The program is valid till 2026.お知らせ • Dec 17+ 3 more updatesadidas AG to Report Q1, 2026 Results on Apr 29, 2026adidas AG announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Oct 17Perfect Game and Adidas Launch Adizero Impact Shades CleatsPerfect Game has teamed up with global sportswear leader Adidas to launch the PG x Adidas Adizero Impact Shades Cleats, a brand-new, limited-edition design created exclusively for Perfect Game athletes. The launch is the first of many collaborations and activations to come from the partnership between two of the biggest brands in the sport. The PG-exclusive colorway, available in both metal and TPU versions, officially dropped this past weekend at Perfect Game.org and at the 27th Annual WWBA World Championship in Jupiter, Fla., where the cleats sold out within hours on-site. Inspired by one of baseball's most visible accessories - sunglasses - the Adizero Impact Shades Cleat reflects the confidence, flair and individuality of today's top amateur players. A paint-splatter-inspired graphic covers the upper, creating a sense of depth and motion that captures the energy of the game. A sunglass lace jewelry shines on the u-throat, while PG branding on the heel tab and sock liner celebrates the debut of the new Adidas x Perfect Game partnership. In addition to the WWBA launch, the PG x Adidas AdizERO Impact Shades Cleats are now available at Perfect Game Storefronts in Destin, Florida, and Gulf Shores, Alabama, giving athletes and fans more opportunities to experience the new collaboration firsthand. Perfect Game and Adidas will also host cleat testing activations at select Perfect Game events throughout the fall, allowing players to test performance features and experience the innovation behind the design. The partnership underscores Perfect Game's commitment to providing its athletes with access to elite-level equipment and experiences, while continuing to grow the sport's culture through meaningful collaborations with world-class brands.お知らせ • Sep 12Hibbett and Adidas Unveil "State Fair" Superstar Inspired by Texas TraditionHibbett and adidas are team up to unveil the "State Fair" Superstar with a limited-edition design inspired by the flavors, vibe and spirit of the State Fair of Texas. With only 1,320 pairs produced, the "State Fair" Super Star is a collab born from the creativity of adidas and the Hibbett employees, who wanted to design something playful and uniquely Texas. The "State Fair" Superstar was designed to invoke feelings and images of the State Fair with unique details like embossing, a Dallas star, Dubrae belt buckle, corndog hit on the inside right shoe, a ferris wheel on the inside right shoe and (of course) a Texas state silhouette on the bottom sole of both shoes. The public will get a first in-person look at the gender-inclusive adult and kid sneakers, during a special community event taking place on September 20, 2025, celebrating the launch. The "State Fair" superstar celebration will take place at theHibbett store located at1441 Robert B. Cullum Blvd., Dallas 75210 from 2pm to 8pm and festivities will include giveaways, Texas-themed cowboy hats, diy bolo ties, county badges, Superstar sneaker mechanical bull-style rides, hoops, ring toss, music, promotions and more, along with "State Fair" Superstar try-ons and availability for purchase.お知らせ • Apr 12New Era Cap, LLC Partners with Adidas to Provide On-Field Caps for NCAA Baseball TeamsNew Era Cap LLC and adidas have launched a new partnership to provide official on-field caps for three of the nation's top college baseball teams, the Texas A&M Aggies, Arizona State Sun Devils and the University of Miami Hurricanes. Beginning on April 11, athletes for the three NCAA teams will take to the diamond wearing New Era's iconic 59FIFTY fitted caps, with each design featuring the teams' logo on the front of the crown as well as the New Era flag on the side. New Era has designed both home and away caps for each of the three teams, and at select moments in the season, New Era will drop fresh, unexpected cap designs that will bring added fan attention to the three squads. The collaboration launches on-field for athletes in April, with the option to wear either New Era's 59FIFTY or the Low-Profile 59FIFTY. Starting April 11, 2025, the 59FIFTY caps will be made available to fans, and later this month, a full fan collection will be available featuring 9FIFTY Snapback, 9SEVENTY Trucker and 9FORTY A-Frame caps. All fan cap styles available to fans will feature both brands' iconic marks — New Era's flag on the side, adidas' three stripes on the back.お知らせ • Apr 03adidas AG announces Annual dividend, payable on May 20, 2025adidas AG announced Annual dividend of EUR 2.0000 per share payable on May 20, 2025, ex-date on May 16, 2025 and record date on May 19, 2025.お知らせ • Apr 02adidas AG, Annual General Meeting, May 15, 2025adidas AG, Annual General Meeting, May 15, 2025, at 10:00 W. Europe Standard Time.お知らせ • Jan 29adidas AG to Report Fiscal Year 2024 Final Results on Apr 01, 2025adidas AG announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Apr 01, 2025Reported Earnings • Oct 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €2.44 (up from €1.39 in 3Q 2023). Revenue: €6.44b (up 7.3% from 3Q 2023). Net income: €436.0m (up 75% from 3Q 2023). Profit margin: 6.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Oct 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to €218. The fair value is estimated to be €276, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 40% per annum over the same time period.お知らせ • Oct 23+ 3 more updatesadidas AG to Report Nine Months, 2025 Results on Oct 29, 2025adidas AG announced that they will report nine months, 2025 results on Oct 29, 2025Buy Or Sell Opportunity • Sep 21Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €218. The fair value is estimated to be €276, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.Buy Or Sell Opportunity • Sep 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to €220. The fair value is estimated to be €275, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.Buy Or Sell Opportunity • Aug 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to €220. The fair value is estimated to be €280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 41% per annum over the same time period.Reported Earnings • Aug 01Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €1.09 (up from €0.48 in 2Q 2023). Revenue: €5.82b (up 9.0% from 2Q 2023). Net income: €196.0m (up 131% from 2Q 2023). Profit margin: 3.4% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Upcoming Dividend • May 10Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 22 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (0.7%).Reported Earnings • Apr 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: €0.96 (up from €0.18 loss in 1Q 2023). Revenue: €5.46b (up 3.5% from 1Q 2023). Net income: €171.0m (up €204.0m from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 24Price target increased by 7.1% to €215Up from €200, the current price target is an average from 28 analysts. New target price is 5.9% below last closing price of €228. Stock is up 45% over the past year. The company is forecast to post earnings per share of €3.13 next year compared to a net loss per share of €0.67 last year.お知らせ • Apr 18Adidas AG Provides Earnings Guidance for the Year 2024adidas AG provided earnings guidance for the year 2024. For the period, the company's operating profit is now expected to reach a level of around €700 million (previously: to reach a level of around €500 million).Declared Dividend • Mar 18Dividend of €0.70 announcedDividend of €0.70 is the same as last year. Ex-date: 17th May 2024 Payment date: 21st May 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%.Reported Earnings • Mar 18Full year 2023 earnings released: €0.67 loss per share (vs €1.24 profit in FY 2022)Full year 2023 results: €0.67 loss per share (down from €1.24 profit in FY 2022). Revenue: €21.4b (down 4.8% from FY 2022). Net loss: €119.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.New Risk • Mar 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (0.1% net profit margin).Buy Or Sell Opportunity • Feb 01Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.7% to €165. The fair value is estimated to be €220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Dec 16Adidas Announces Management ChangesAdidas has named a new executive board member to lead its global HR operations. Michelle Robertson's new appointment is effective January 1, 2024, but she has been leading as the interim global HR head since this summer. Robertson has been with Adidas on and off for more than a decade, most recently as the senior vice president of workplaces and HR. She also has worked in similar roles at Reebok during. Robertson's appointment comes as the company is on the search for a new head of its North America operations, which are headquartered in North Portland. Rupert Campbell, the former director in that role, announced in October he was stepping down two years after he was promoted to the job. When Campbell announced his departure, industry observers said his tenure was filled with challenges and uphill battles. Campbell took over the position at the end of 2021 when former North America President Zion Armstrong announced he would leave to return to his home in New Zealand. U.K. native Campbell most recently led Adidas' Russian-region business, and joined Adidas in 2012 as a retail director.Buying Opportunity • Nov 30Now 20% undervaluedOver the last 90 days, the stock is up 3.7%. The fair value is estimated to be €241, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Nov 17adidas AG, Annual General Meeting, May 16, 2024adidas AG, Annual General Meeting, May 16, 2024.Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: €1.39 (vs €0.34 in 3Q 2022)Third quarter 2023 results: EPS: €1.39 (up from €0.34 in 3Q 2022). Revenue: €6.00b (down 6.4% from 3Q 2022). Net income: €249.0m (up 308% from 3Q 2022). Profit margin: 4.2% (up from 1.0% in 3Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Buying Opportunity • Aug 11Now 21% undervaluedOver the last 90 days, the stock is up 8.1%. The fair value is estimated to be €225, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.48 (vs €1.88 in 2Q 2022)Second quarter 2023 results: EPS: €0.48 (down from €1.88 in 2Q 2022). Revenue: €5.34b (down 4.5% from 2Q 2022). Net income: €85.0m (down 75% from 2Q 2022). Profit margin: 1.6% (down from 6.2% in 2Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Jul 12adidas Announces Resignation of Amanda Rajkumar, Global HR Representative and Executive Board Memberadidas announced that after less than three years in the role, Adidas' global HR representative and only female executive board member Amanda Rajkumar has stepped down. Amanda Rajkumar joined Adidas in January 2021 after her predecessor, Karen Parkin, resigned after 23 years at the post.お知らせ • Jun 24+ 3 more updatesadidas AG to Report Q1, 2024 Results on Apr 30, 2024adidas AG announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • May 10Adidas to Face Pressure from Union Investment Over Kanye West FindingsOn May 9, 2023, adidas AG announced that it is facing demands from Union Investment to disclose findings of a probe into its handling of misconduct allegations against Kanye West as shareholder ire over its ill-fated tie-up with its former business partner continues to mount. Union Investment and 20 investors in the Company, would call on the Company to reveal the results of its internal investigation at its annual meeting. Union Investment added that it would urge the Company to disclose the results of the investigation ‘here and now’, stressing that shareholders were entitled to know. Union Investment stated that it would also demand the Company ‘transparently clean up the scandal’. Union Investment stated that, alongside investor Deka, has already said it would not support confidence votes over the performance of the executive board and the supervisory board. Union Investment added that shareholder proxy service Glass Lewis recommended investors not to support the supervisory board.Reported Earnings • May 07First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: €0.19 loss per share (down from €1.60 profit in 1Q 2022). Revenue: €5.27b (flat on 1Q 2022). Net loss: €33.0m (down 111% from profit in 1Q 2022). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 05Upcoming dividend of €0.70 per share at 0.4% yieldEligible shareholders must have bought the stock before 12 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (0.8%).Buying Opportunity • Apr 13Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 43% per annum over the same time period.Reported Earnings • Mar 10Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: €1.24 (down from €7.47 in FY 2021). Revenue: €22.5b (up 6.0% from FY 2021). Net income: €228.0m (down 84% from FY 2021). Profit margin: 1.0% (down from 6.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Buying Opportunity • Feb 10Now 22% undervaluedOver the last 90 days, the stock is up 1.8%. The fair value is estimated to be €178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.6%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 25% per annum over the same time period.お知らせ • Dec 02+ 1 more updateadidas AG to Report Q3, 2023 Results on Nov 08, 2023adidas AG announced that they will report Q3, 2023 results on Nov 08, 2023お知らせ • Nov 25adidas AG, Annual General Meeting, May 11, 2023adidas AG, Annual General Meeting, May 11, 2023.お知らせ • Nov 23adidas AG to Report Q1, 2023 Results on May 05, 2023adidas AG announced that they will report Q1, 2023 results on May 05, 2023お知らせ • Nov 19adidas AG to Report Fiscal Year 2022 Results on Mar 08, 2023adidas AG announced that they will report fiscal year 2022 results on Mar 08, 2023Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.06 (vs €2.35 in 3Q 2021)Third quarter 2022 results: EPS: €0.06 (down from €2.35 in 3Q 2021). Revenue: €6.41b (up 11% from 3Q 2021). Net income: €61.0m (down 87% from 3Q 2021). Profit margin: 1.0% (down from 7.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €114, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Luxury industry in Germany. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €176 per share.Price Target Changed • Oct 21Price target decreased to €151Down from €174, the current price target is an average from 30 analysts. New target price is 38% above last closing price of €110. Stock is down 60% over the past year. The company is forecast to post earnings per share of €3.07 for next year compared to €7.47 last year.Price Target Changed • Oct 07Price target decreased to €181Down from €195, the current price target is an average from 29 analysts. New target price is 50% above last closing price of €120. Stock is down 54% over the past year. The company is forecast to post earnings per share of €6.99 for next year compared to €7.47 last year.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: €1.88 (vs €1.93 in 2Q 2021)Second quarter 2022 results: EPS: €1.88 (down from €1.93 in 2Q 2021). Revenue: €5.60b (up 10% from 2Q 2021). Net income: €346.0m (down 8.2% from 2Q 2021). Profit margin: 6.2% (down from 7.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year.Price Target Changed • Jul 29Price target decreased to €214Down from €231, the current price target is an average from 30 analysts. New target price is 30% above last closing price of €164. Stock is down 47% over the past year. The company is forecast to post earnings per share of €7.48 for next year compared to €7.47 last year.Reported Earnings • May 07First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: €1.60 (down from €2.59 in 1Q 2021). Revenue: €5.30b (flat on 1Q 2021). Net income: €302.0m (down 40% from 1Q 2021). Profit margin: 5.7% (down from 9.6% in 1Q 2021). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Over the next year, revenue is forecast to grow 15%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year.Upcoming Dividend • May 06Upcoming dividend of €3.30 per shareEligible shareholders must have bought the stock before 13 May 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.6%).Reported Earnings • Mar 10Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €10.90 (up from €2.15 in FY 2020). Revenue: €21.2b (up 7.0% from FY 2020). Net income: €1.45b (up 246% from FY 2020). Profit margin: 6.8% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 12%, compared to a 4.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Buying Opportunity • Feb 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €302, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21% per annum over the last 3 years.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS €2.35 (vs €2.81 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €5.75b (down 3.6% from 3Q 2020). Net income: €456.0m (down 17% from 3Q 2020). Profit margin: 7.9% (down from 9.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS €1.93 (vs €1.45 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €5.08b (up 42% from 2Q 2020). Net income: €377.0m (up €661.0m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • May 09First quarter 2021 earnings released: EPS €2.59 (vs €0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €5.27b (up 11% from 1Q 2020). Net income: €506.0m (up €481.0m from 1Q 2020). Profit margin: 9.6% (up from 0.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Upcoming Dividend • May 06Upcoming dividend of €3.00 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 18 May 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.0%).Analyst Estimate Surprise Post Earnings • Mar 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 9.4%, compared to a 8.0% growth forecast for the Luxury industry in Germany.Is New 90 Day High Low • Feb 01New 90-day low: €262The company is down 2.0% from its price of €267 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €343 per share.Is New 90 Day High Low • Dec 29New 90-day high: €299The company is up 8.0% from its price of €277 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €256 per share.Analyst Estimate Surprise Post Earnings • Nov 11Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 12%, compared to a 6.2% growth forecast for the Luxury industry in Germany.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DB:ADS 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Mar 2625,2501,37610,915031 Dec 2524,8111,33210,848030 Sep 2524,7001,21110,852030 Jun 2524,5081,18810,950031 Mar 2524,3781,02011,037031 Dec 2423,68375610,900030 Sep 2422,52938110,367030 Jun 2422,09019610,099031 Mar 2421,6118510,045031 Dec 2321,427-1199,933030 Sep 2321,821-17910,162030 Jun 2322,231-36810,268031 Mar 2322,483-10710,187031 Dec 2222,51122810,078030 Sep 2222,4448209,860030 Jun 2221,7861,2159,421031 Mar 2221,2681,2469,027031 Dec 2121,2341,4508,816030 Sep 2121,2371,4768,606030 Jun 2121,0471,5248,461031 Mar 2119,3229268,365031 Dec 2018,4354518,464030 Sep 2019,1324968,809030 Jun 2019,9816369,203031 Mar 2022,1381,3189,538031 Dec 1923,6401,9179,709030 Sep 1923,0351,8299,648030 Jun 1922,4981,8399,353031 Mar 1922,2501,7969,216031 Dec 1821,9151,7079,027030 Sep 1821,7381,6088,840030 Jun 1821,5421,50212,973031 Mar 1821,3191,4318,642031 Dec 1721,2181,3518,636030 Sep 1720,6621,36013,53814930 Jun 1720,2071,2187,21414931 Mar 1719,3681,1729,33614931 Dec 1618,4831,0797,21414930 Sep 1618,1501,0416,68913930 Jun 1617,6869696,68913931 Mar 1617,3948136,68913931 Dec 1516,9156806,68913930 Sep 1516,3586455,30312630 Jun 1515,6445895,442126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 (5.4%)は、昨年(4.2%)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3.8%減少しました。成長の加速: ADSの過去 1 年間の収益成長率 ( 34.9% ) は、5 年間の平均 ( 年間-3.8%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 ( 34.9% ) はLuxury業界20%を上回りました。株主資本利益率高いROE: ADSの 自己資本利益率 ( 22.4% ) 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7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health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2026/05/23 15:41終値2026/05/22 00:00収益2026/03/31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SECフォーム10-KSECフォーム10-Q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アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。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 26 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。62 アナリスト機関Volker BosseBaader Helvea Equity ResearchKnut WollerBaader Helvea Equity ResearchJonathan KompBaird59 その他のアナリストを表示
お知らせ • Dec 17+ 3 more updatesadidas AG to Report Q1, 2026 Results on Apr 29, 2026adidas AG announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Jan 29adidas AG to Report Fiscal Year 2024 Final Results on Apr 01, 2025adidas AG announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Apr 01, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €2.44 (up from €1.39 in 3Q 2023). Revenue: €6.44b (up 7.3% from 3Q 2023). Net income: €436.0m (up 75% from 3Q 2023). Profit margin: 6.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 23+ 3 more updatesadidas AG to Report Nine Months, 2025 Results on Oct 29, 2025adidas AG announced that they will report nine months, 2025 results on Oct 29, 2025
Reported Earnings • Aug 01Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €1.09 (up from €0.48 in 2Q 2023). Revenue: €5.82b (up 9.0% from 2Q 2023). Net income: €196.0m (up 131% from 2Q 2023). Profit margin: 3.4% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: €0.96 (up from €0.18 loss in 1Q 2023). Revenue: €5.46b (up 3.5% from 1Q 2023). Net income: €171.0m (up €204.0m from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 27adidas AG, Annual General Meeting, May 07, 2026adidas AG, Annual General Meeting, May 07, 2026, at 10:00 W. Europe Standard Time.
お知らせ • Mar 05adidas AG announces Annual dividend, payable on May 12, 2026adidas AG announced Annual dividend of EUR 2.8000 per share payable on May 12, 2026, ex-date on May 08, 2026 and record date on May 11, 2026.
お知らせ • Jan 30adidas AG (XTRA:ADS) announces an Equity Buyback for €1,000 million worth of its shares.adidas AG (XTRA:ADS) announces a share repurchase program. Under the program, the company will repurchase up to €1,000 million worth of its shares. The repurchased shares will be cancelled. The share buyback will be financed through the company’s anticipated strong cash flow generation in 2026. the company intends to cancel the repurchased shares. The program is valid till 2026.
お知らせ • Dec 17+ 3 more updatesadidas AG to Report Q1, 2026 Results on Apr 29, 2026adidas AG announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Oct 17Perfect Game and Adidas Launch Adizero Impact Shades CleatsPerfect Game has teamed up with global sportswear leader Adidas to launch the PG x Adidas Adizero Impact Shades Cleats, a brand-new, limited-edition design created exclusively for Perfect Game athletes. The launch is the first of many collaborations and activations to come from the partnership between two of the biggest brands in the sport. The PG-exclusive colorway, available in both metal and TPU versions, officially dropped this past weekend at Perfect Game.org and at the 27th Annual WWBA World Championship in Jupiter, Fla., where the cleats sold out within hours on-site. Inspired by one of baseball's most visible accessories - sunglasses - the Adizero Impact Shades Cleat reflects the confidence, flair and individuality of today's top amateur players. A paint-splatter-inspired graphic covers the upper, creating a sense of depth and motion that captures the energy of the game. A sunglass lace jewelry shines on the u-throat, while PG branding on the heel tab and sock liner celebrates the debut of the new Adidas x Perfect Game partnership. In addition to the WWBA launch, the PG x Adidas AdizERO Impact Shades Cleats are now available at Perfect Game Storefronts in Destin, Florida, and Gulf Shores, Alabama, giving athletes and fans more opportunities to experience the new collaboration firsthand. Perfect Game and Adidas will also host cleat testing activations at select Perfect Game events throughout the fall, allowing players to test performance features and experience the innovation behind the design. The partnership underscores Perfect Game's commitment to providing its athletes with access to elite-level equipment and experiences, while continuing to grow the sport's culture through meaningful collaborations with world-class brands.
お知らせ • Sep 12Hibbett and Adidas Unveil "State Fair" Superstar Inspired by Texas TraditionHibbett and adidas are team up to unveil the "State Fair" Superstar with a limited-edition design inspired by the flavors, vibe and spirit of the State Fair of Texas. With only 1,320 pairs produced, the "State Fair" Super Star is a collab born from the creativity of adidas and the Hibbett employees, who wanted to design something playful and uniquely Texas. The "State Fair" Superstar was designed to invoke feelings and images of the State Fair with unique details like embossing, a Dallas star, Dubrae belt buckle, corndog hit on the inside right shoe, a ferris wheel on the inside right shoe and (of course) a Texas state silhouette on the bottom sole of both shoes. The public will get a first in-person look at the gender-inclusive adult and kid sneakers, during a special community event taking place on September 20, 2025, celebrating the launch. The "State Fair" superstar celebration will take place at theHibbett store located at1441 Robert B. Cullum Blvd., Dallas 75210 from 2pm to 8pm and festivities will include giveaways, Texas-themed cowboy hats, diy bolo ties, county badges, Superstar sneaker mechanical bull-style rides, hoops, ring toss, music, promotions and more, along with "State Fair" Superstar try-ons and availability for purchase.
お知らせ • Apr 12New Era Cap, LLC Partners with Adidas to Provide On-Field Caps for NCAA Baseball TeamsNew Era Cap LLC and adidas have launched a new partnership to provide official on-field caps for three of the nation's top college baseball teams, the Texas A&M Aggies, Arizona State Sun Devils and the University of Miami Hurricanes. Beginning on April 11, athletes for the three NCAA teams will take to the diamond wearing New Era's iconic 59FIFTY fitted caps, with each design featuring the teams' logo on the front of the crown as well as the New Era flag on the side. New Era has designed both home and away caps for each of the three teams, and at select moments in the season, New Era will drop fresh, unexpected cap designs that will bring added fan attention to the three squads. The collaboration launches on-field for athletes in April, with the option to wear either New Era's 59FIFTY or the Low-Profile 59FIFTY. Starting April 11, 2025, the 59FIFTY caps will be made available to fans, and later this month, a full fan collection will be available featuring 9FIFTY Snapback, 9SEVENTY Trucker and 9FORTY A-Frame caps. All fan cap styles available to fans will feature both brands' iconic marks — New Era's flag on the side, adidas' three stripes on the back.
お知らせ • Apr 03adidas AG announces Annual dividend, payable on May 20, 2025adidas AG announced Annual dividend of EUR 2.0000 per share payable on May 20, 2025, ex-date on May 16, 2025 and record date on May 19, 2025.
お知らせ • Apr 02adidas AG, Annual General Meeting, May 15, 2025adidas AG, Annual General Meeting, May 15, 2025, at 10:00 W. Europe Standard Time.
お知らせ • Jan 29adidas AG to Report Fiscal Year 2024 Final Results on Apr 01, 2025adidas AG announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Apr 01, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €2.44 (up from €1.39 in 3Q 2023). Revenue: €6.44b (up 7.3% from 3Q 2023). Net income: €436.0m (up 75% from 3Q 2023). Profit margin: 6.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Oct 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to €218. The fair value is estimated to be €276, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 40% per annum over the same time period.
お知らせ • Oct 23+ 3 more updatesadidas AG to Report Nine Months, 2025 Results on Oct 29, 2025adidas AG announced that they will report nine months, 2025 results on Oct 29, 2025
Buy Or Sell Opportunity • Sep 21Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €218. The fair value is estimated to be €276, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.
Buy Or Sell Opportunity • Sep 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to €220. The fair value is estimated to be €275, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.
Buy Or Sell Opportunity • Aug 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to €220. The fair value is estimated to be €280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 41% per annum over the same time period.
Reported Earnings • Aug 01Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €1.09 (up from €0.48 in 2Q 2023). Revenue: €5.82b (up 9.0% from 2Q 2023). Net income: €196.0m (up 131% from 2Q 2023). Profit margin: 3.4% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • May 10Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 22 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (0.7%).
Reported Earnings • Apr 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: €0.96 (up from €0.18 loss in 1Q 2023). Revenue: €5.46b (up 3.5% from 1Q 2023). Net income: €171.0m (up €204.0m from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 24Price target increased by 7.1% to €215Up from €200, the current price target is an average from 28 analysts. New target price is 5.9% below last closing price of €228. Stock is up 45% over the past year. The company is forecast to post earnings per share of €3.13 next year compared to a net loss per share of €0.67 last year.
お知らせ • Apr 18Adidas AG Provides Earnings Guidance for the Year 2024adidas AG provided earnings guidance for the year 2024. For the period, the company's operating profit is now expected to reach a level of around €700 million (previously: to reach a level of around €500 million).
Declared Dividend • Mar 18Dividend of €0.70 announcedDividend of €0.70 is the same as last year. Ex-date: 17th May 2024 Payment date: 21st May 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%.
Reported Earnings • Mar 18Full year 2023 earnings released: €0.67 loss per share (vs €1.24 profit in FY 2022)Full year 2023 results: €0.67 loss per share (down from €1.24 profit in FY 2022). Revenue: €21.4b (down 4.8% from FY 2022). Net loss: €119.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
New Risk • Mar 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (0.1% net profit margin).
Buy Or Sell Opportunity • Feb 01Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.7% to €165. The fair value is estimated to be €220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Dec 16Adidas Announces Management ChangesAdidas has named a new executive board member to lead its global HR operations. Michelle Robertson's new appointment is effective January 1, 2024, but she has been leading as the interim global HR head since this summer. Robertson has been with Adidas on and off for more than a decade, most recently as the senior vice president of workplaces and HR. She also has worked in similar roles at Reebok during. Robertson's appointment comes as the company is on the search for a new head of its North America operations, which are headquartered in North Portland. Rupert Campbell, the former director in that role, announced in October he was stepping down two years after he was promoted to the job. When Campbell announced his departure, industry observers said his tenure was filled with challenges and uphill battles. Campbell took over the position at the end of 2021 when former North America President Zion Armstrong announced he would leave to return to his home in New Zealand. U.K. native Campbell most recently led Adidas' Russian-region business, and joined Adidas in 2012 as a retail director.
Buying Opportunity • Nov 30Now 20% undervaluedOver the last 90 days, the stock is up 3.7%. The fair value is estimated to be €241, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Nov 17adidas AG, Annual General Meeting, May 16, 2024adidas AG, Annual General Meeting, May 16, 2024.
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: €1.39 (vs €0.34 in 3Q 2022)Third quarter 2023 results: EPS: €1.39 (up from €0.34 in 3Q 2022). Revenue: €6.00b (down 6.4% from 3Q 2022). Net income: €249.0m (up 308% from 3Q 2022). Profit margin: 4.2% (up from 1.0% in 3Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Aug 11Now 21% undervaluedOver the last 90 days, the stock is up 8.1%. The fair value is estimated to be €225, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.48 (vs €1.88 in 2Q 2022)Second quarter 2023 results: EPS: €0.48 (down from €1.88 in 2Q 2022). Revenue: €5.34b (down 4.5% from 2Q 2022). Net income: €85.0m (down 75% from 2Q 2022). Profit margin: 1.6% (down from 6.2% in 2Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 12adidas Announces Resignation of Amanda Rajkumar, Global HR Representative and Executive Board Memberadidas announced that after less than three years in the role, Adidas' global HR representative and only female executive board member Amanda Rajkumar has stepped down. Amanda Rajkumar joined Adidas in January 2021 after her predecessor, Karen Parkin, resigned after 23 years at the post.
お知らせ • Jun 24+ 3 more updatesadidas AG to Report Q1, 2024 Results on Apr 30, 2024adidas AG announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • May 10Adidas to Face Pressure from Union Investment Over Kanye West FindingsOn May 9, 2023, adidas AG announced that it is facing demands from Union Investment to disclose findings of a probe into its handling of misconduct allegations against Kanye West as shareholder ire over its ill-fated tie-up with its former business partner continues to mount. Union Investment and 20 investors in the Company, would call on the Company to reveal the results of its internal investigation at its annual meeting. Union Investment added that it would urge the Company to disclose the results of the investigation ‘here and now’, stressing that shareholders were entitled to know. Union Investment stated that it would also demand the Company ‘transparently clean up the scandal’. Union Investment stated that, alongside investor Deka, has already said it would not support confidence votes over the performance of the executive board and the supervisory board. Union Investment added that shareholder proxy service Glass Lewis recommended investors not to support the supervisory board.
Reported Earnings • May 07First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: €0.19 loss per share (down from €1.60 profit in 1Q 2022). Revenue: €5.27b (flat on 1Q 2022). Net loss: €33.0m (down 111% from profit in 1Q 2022). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 05Upcoming dividend of €0.70 per share at 0.4% yieldEligible shareholders must have bought the stock before 12 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (0.8%).
Buying Opportunity • Apr 13Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 43% per annum over the same time period.
Reported Earnings • Mar 10Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: €1.24 (down from €7.47 in FY 2021). Revenue: €22.5b (up 6.0% from FY 2021). Net income: €228.0m (down 84% from FY 2021). Profit margin: 1.0% (down from 6.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Feb 10Now 22% undervaluedOver the last 90 days, the stock is up 1.8%. The fair value is estimated to be €178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.6%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 25% per annum over the same time period.
お知らせ • Dec 02+ 1 more updateadidas AG to Report Q3, 2023 Results on Nov 08, 2023adidas AG announced that they will report Q3, 2023 results on Nov 08, 2023
お知らせ • Nov 25adidas AG, Annual General Meeting, May 11, 2023adidas AG, Annual General Meeting, May 11, 2023.
お知らせ • Nov 23adidas AG to Report Q1, 2023 Results on May 05, 2023adidas AG announced that they will report Q1, 2023 results on May 05, 2023
お知らせ • Nov 19adidas AG to Report Fiscal Year 2022 Results on Mar 08, 2023adidas AG announced that they will report fiscal year 2022 results on Mar 08, 2023
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.06 (vs €2.35 in 3Q 2021)Third quarter 2022 results: EPS: €0.06 (down from €2.35 in 3Q 2021). Revenue: €6.41b (up 11% from 3Q 2021). Net income: €61.0m (down 87% from 3Q 2021). Profit margin: 1.0% (down from 7.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €114, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Luxury industry in Germany. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €176 per share.
Price Target Changed • Oct 21Price target decreased to €151Down from €174, the current price target is an average from 30 analysts. New target price is 38% above last closing price of €110. Stock is down 60% over the past year. The company is forecast to post earnings per share of €3.07 for next year compared to €7.47 last year.
Price Target Changed • Oct 07Price target decreased to €181Down from €195, the current price target is an average from 29 analysts. New target price is 50% above last closing price of €120. Stock is down 54% over the past year. The company is forecast to post earnings per share of €6.99 for next year compared to €7.47 last year.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: €1.88 (vs €1.93 in 2Q 2021)Second quarter 2022 results: EPS: €1.88 (down from €1.93 in 2Q 2021). Revenue: €5.60b (up 10% from 2Q 2021). Net income: €346.0m (down 8.2% from 2Q 2021). Profit margin: 6.2% (down from 7.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year.
Price Target Changed • Jul 29Price target decreased to €214Down from €231, the current price target is an average from 30 analysts. New target price is 30% above last closing price of €164. Stock is down 47% over the past year. The company is forecast to post earnings per share of €7.48 for next year compared to €7.47 last year.
Reported Earnings • May 07First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: €1.60 (down from €2.59 in 1Q 2021). Revenue: €5.30b (flat on 1Q 2021). Net income: €302.0m (down 40% from 1Q 2021). Profit margin: 5.7% (down from 9.6% in 1Q 2021). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Over the next year, revenue is forecast to grow 15%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year.
Upcoming Dividend • May 06Upcoming dividend of €3.30 per shareEligible shareholders must have bought the stock before 13 May 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.6%).
Reported Earnings • Mar 10Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €10.90 (up from €2.15 in FY 2020). Revenue: €21.2b (up 7.0% from FY 2020). Net income: €1.45b (up 246% from FY 2020). Profit margin: 6.8% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 12%, compared to a 4.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Buying Opportunity • Feb 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €302, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21% per annum over the last 3 years.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS €2.35 (vs €2.81 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €5.75b (down 3.6% from 3Q 2020). Net income: €456.0m (down 17% from 3Q 2020). Profit margin: 7.9% (down from 9.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS €1.93 (vs €1.45 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €5.08b (up 42% from 2Q 2020). Net income: €377.0m (up €661.0m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • May 09First quarter 2021 earnings released: EPS €2.59 (vs €0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €5.27b (up 11% from 1Q 2020). Net income: €506.0m (up €481.0m from 1Q 2020). Profit margin: 9.6% (up from 0.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 06Upcoming dividend of €3.00 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 18 May 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.0%).
Analyst Estimate Surprise Post Earnings • Mar 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 9.4%, compared to a 8.0% growth forecast for the Luxury industry in Germany.
Is New 90 Day High Low • Feb 01New 90-day low: €262The company is down 2.0% from its price of €267 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €343 per share.
Is New 90 Day High Low • Dec 29New 90-day high: €299The company is up 8.0% from its price of €277 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €256 per share.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 12%, compared to a 6.2% growth forecast for the Luxury industry in Germany.