View Valuationadidas 향후 성장Future 기준 점검 4/6adidas (는) 각각 연간 14.6% 및 6.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 16.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 30.6% 로 예상됩니다.핵심 정보14.6%이익 성장률16.45%EPS 성장률Luxury 이익 성장13.6%매출 성장률6.6%향후 자기자본이익률30.64%애널리스트 커버리지Good마지막 업데이트19 May 2026최근 향후 성장 업데이트공시 • 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).공시 • Jul 28adidas AG Provides Earnings Guidance for the Year 2022adidas AG provided earnings guidance for the year 2022. For the year, the company expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% - 13% range). Net income from continuing operations is expected to reach a level of around EUR 1.3 billion (previously: at the lower end of the EUR 1.8 billion - EUR 1.9 billion range).공시 • May 08adidas AG Upgrades Sales Guidance for the Second Quarter and Full Year of 2021adidas AG upgraded sales guidance for the second quarter and full year of 2021. The company is upgrading its full year sales outlook, and the company now expects to grow at high teens rate. In the second quarter, the company expects a significant sequential acceleration, with global currency-neutral sales projected to increase by around 50% year-over-year. This exceptional growth will get the company back to the 2019 levels in the second quarter as well despite continued headwinds.모든 업데이트 보기Recent updatesUpcoming Dividend • May 02Upcoming dividend of €2.80 per shareEligible shareholders must have bought the stock before 08 May 2026. Payment date: 12 May 2026. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Austrian dividend payers (3.9%). Lower than average of industry peers (2.3%).Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: €2.70 (vs €2.44 in 1Q 2025)First quarter 2026 results: EPS: €2.70 (up from €2.44 in 1Q 2025). Revenue: €6.59b (up 7.1% from 1Q 2025). Net income: €479.0m (up 10% from 1Q 2025). Profit margin: 7.3% (up from 7.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Mar 27adidas AG, Annual General Meeting, May 07, 2026adidas AG, Annual General Meeting, May 07, 2026, at 10:00 W. Europe Standard Time.Declared Dividend • Mar 06Dividend increased to €2.80Dividend of €2.80 is 40% higher than last year. Ex-date: 8th May 2026 Payment date: 12th May 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Mar 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 181% Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 05Full year 2025 earnings released: EPS: €7.46 (vs €4.23 in FY 2024)Full year 2025 results: EPS: €7.46 (up from €4.23 in FY 2024). Revenue: €24.8b (up 4.8% from FY 2024). Net income: €1.33b (up 76% from FY 2024). Profit margin: 5.4% (up from 3.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • 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.Buy Or Sell Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock has risen 1.9% to €156. The fair value is estimated to be €195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 72%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.공시 • 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.New Risk • Jan 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Jan 06Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €161. The fair value is estimated to be €209, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 72%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.공시 • 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, 2026Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: €2.56 (vs €2.44 in 3Q 2024)Third quarter 2025 results: EPS: €2.56 (up from €2.44 in 3Q 2024). Revenue: €6.63b (up 3.0% from 3Q 2024). Net income: €458.0m (up 5.0% from 3Q 2024). Profit margin: 6.9% (up from 6.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.공시 • 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.공시 • 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.New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: €2.04 (vs €1.09 in 2Q 2024)Second quarter 2025 results: EPS: €2.04 (up from €1.09 in 2Q 2024). Revenue: €5.95b (up 2.2% from 2Q 2024). Net income: €363.0m (up 85% from 2Q 2024). Profit margin: 6.1% (up from 3.4% in 2Q 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 09Upcoming dividend of €2.00 per shareEligible shareholders must have bought the stock before 16 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Austrian dividend payers (4.9%). Lower than average of industry peers (2.0%).Reported Earnings • May 02First quarter 2025 earnings released: EPS: €2.44 (vs €0.96 in 1Q 2024)First quarter 2025 results: EPS: €2.44 (up from €0.96 in 1Q 2024). Revenue: €6.15b (up 13% from 1Q 2024). Net income: €435.0m (up 154% from 1Q 2024). Profit margin: 7.1% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% 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, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • 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.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €190, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Luxury industry in Europe. Total loss to shareholders of 3.7% over the past three years.Declared Dividend • Apr 03Dividend increased to €2.00Dividend of €2.00 is 186% higher than last year. Ex-date: 16th May 2025 Payment date: 20th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 47%. Cash payout ratio: 15%.공시 • 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.공시 • Apr 02adidas AG, Annual General Meeting, May 15, 2025adidas AG, Annual General Meeting, May 15, 2025, at 10:00 W. Europe Standard Time.Reported Earnings • Mar 06Full year 2024 earnings released: EPS: €4.23 (vs €0.67 loss in FY 2023)Full year 2024 results: EPS: €4.23 (up from €0.67 loss in FY 2023). Revenue: €23.7b (up 11% from FY 2023). Net income: €756.0m (up €875.0m from FY 2023). Profit margin: 3.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공시 • 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 released: EPS: €2.44 (vs €1.39 in 3Q 2023)Third 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 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.공시 • 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 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.2% to €209. The fair value is estimated to be €268, 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 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.1% to €214. The fair value is estimated to be €270, 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 41% per annum over the same time period.Buy Or Sell Opportunity • Aug 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to €218. 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 8.1% per annum. Earnings are also forecast to grow by 41% per annum over the same time period.Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: €1.09 (vs €0.48 in 2Q 2023)Second 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 is forecast to grow 8.2% 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 Austrian dividend payers (5.8%). Lower than average of industry peers (1.6%).Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: €0.96 (vs €0.18 loss in 1Q 2023)First 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 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.공시 • 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 1.8%.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).Buying Opportunity • Dec 28Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €231, 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.공시 • 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 • Dec 07Now 20% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be €239, 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.공시 • 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 14% per year, which means it has not declined as severely as earnings.Buying Opportunity • Aug 14Now 20% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be €223, 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 7.7% growth forecast for the Luxury industry in Europe. 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.공시 • 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.공시 • 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, 2024공시 • 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 released: €0.19 loss per share (vs €1.60 profit in 1Q 2022)First 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 is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in Europe. 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 Austrian dividend payers (5.2%). Lower than average of industry peers (1.3%).Buying Opportunity • Apr 24Now 20% undervaluedOver the last 90 days, the stock is up 8.9%. The fair value is estimated to be €203, 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 5.1% per annum. Earnings is also forecast to grow by 43% per annum over the same time period.Reported Earnings • Mar 10Full year 2022 earnings released: EPS: €1.24 (vs €7.47 in FY 2021)Full 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 is forecast to grow 5.0% 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, 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.공시 • 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, 2023공시 • Nov 25adidas AG, Annual General Meeting, May 11, 2023adidas AG, Annual General Meeting, May 11, 2023.공시 • Nov 23adidas AG to Report Q1, 2023 Results on May 05, 2023adidas AG announced that they will report Q1, 2023 results on May 05, 2023공시 • 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 7.6% growth forecast for the Luxury industry in Europe. 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 08Investor sentiment improved over the past weekAfter last week's 20% share price gain to €119, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 55% over the past three years.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €100, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Luxury industry in Europe. Total loss to shareholders of 63% over the past three years.공시 • Aug 24adidas AG Announces That Kasper Rorsted Will Hand over the CEO Position During the Course of 2023adidas AG's Supervisory Board announces that it has initiated a CEO transition. Kasper Rorsted, CEO of adidas, and the Supervisory Board have mutually agreed upon that Kasper Rorsted will hand over the CEO position during the course of 2023. The search for a succession has started. Kasper Rorsted will remain CEO until a successor has been appointed. Jointly with the Supervisory Board and the Management Board he will ensure a smooth transition at the helm of the company.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 10% growth forecast for the industry in Austria. 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.공시 • Jul 28adidas AG Provides Earnings Guidance for the Year 2022adidas AG provided earnings guidance for the year 2022. For the year, the company expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% - 13% range). Net income from continuing operations is expected to reach a level of around EUR 1.3 billion (previously: at the lower end of the EUR 1.8 billion - EUR 1.9 billion range).Buying Opportunity • Jul 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.6%. The fair value is estimated to be €214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 18% per annum over the same time period.공시 • May 14adidas and Delta Galil Introduce Full-Range Underwear Collections for Alladidas and Delta Galil Industries Ltd. announced the arrival of full-range underwear collections for adidas Originals and Badge of Sport. adidas underwear is about comfort at the core, and the Spring/Summer 2022 collections are designed to support all forms of movement and expression by using super soft cotton and high-tech stretch fabrics to empower all bodies to realize their full potential. The value of comfort continues to grow unilaterally across all generations. How consumers feel as they move through their day matters now more than ever, and adidas, together with Delta Galil, are speaking to that collective rising-of-consciousness through intentional design and production. The new adidas underwear collections offer a wide range of underwear separates including thongs, bikinis, briefs, trunks and boxer shorts, plus an assortment of versatile bralettes, bramis, tank tops, body suits and t-shirts. Inclusive Sizes range from XS through 3XL. Product prices range from USD 15 - USD 48 (approximately EUR 13 – EUR 60). Key fabrics include: adicolor Comfort Flex Cotton incorporates Delta Galil’s Realasting™ technology to maintain fabrics feel and shape after repeated washes, Use of Tencel™ cotton makes the innerwear extra soft and breathable, 720° Stretch ensures an individualized flex fit for every body, Innoband™ Tech – offers invisible coverage plus an ergonomic fit, Refibra™cotton – delivers premium natural fibers via upcycled cotton, Various products utilize recycled and dye-free yarn, and Real Cool Cotton™ - quick dry and moisture-wicking. Launching for Spring/Summer 22, the men’s collections will debut across the APAC, EMEA, Europe and Latin America regions, with the women’s collections launching in the same regions as well as North America. The adidas Originals and Badge of Sport underwear collections are shoppable now in-store and with select online retailers globally, including DTLR, Nordstrom, Amazon, and Zalando, and coming soon to adidas.com.Reported Earnings • May 06Full year 2021 earnings released: EPS: €7.47 (vs €2.31 in FY 2020)Full year 2021 results: EPS: €7.47 (up from €2.31 in FY 2020). Revenue: €21.2b (up 15% from FY 2020). Net income: €1.45b (up 222% from FY 2020). Profit margin: 6.8% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 17% 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.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 Austrian dividend payers (4.7%). In line with average of industry peers (1.7%).공시 • Mar 23adidas AG to Report Nine Months, 2022 Results on Nov 09, 2022adidas AG announced that they will report nine months, 2022 results on Nov 09, 2022Reported Earnings • Mar 10Full year 2021 earnings: Revenues and EPS in line with 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. Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the industry in Austria. 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 1% per year, which means it has not declined as severely as earnings.Buying Opportunity • Mar 04Now 36% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be €292, 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.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 58% share price gain to €330, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Luxury industry in Europe. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €483 per share.Buying Opportunity • Feb 12Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €296, 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 15% per year, which means it is well ahead of earnings.공시 • Jun 30Adidas Sets Out to Tackle One of the Greatest Taboos in Sport with Product Innovation and Resources to Help Those Who Menstruate Stay in Playadidas unveiled its latest product innovation designed to keep more menstruators in sport: the new TechFit Period Proof tights, featuring an absorbent layer to help protect against leaks when worn with a tampon or pad. In addition, with teachers and athletes alike calling for more information on the topic of menstruation, adidas has collaborated with Dr. Georgie Bruinvels to create free resources and lesson plans for schools around the world. The launch is part of adidas' roadmap of innovations coming out this year to better service all women in sport under the long-term Watch Us Move campaign; a commitment to revolutionising its product offering and services to better support the needs of its diverse female community. The first step in this was understanding what physical, emotional and societal barriers exist to sports participation. adidas found that teenage girls are dropping out of sport at an alarming rate, with one of the key reasons being fear of period leakage[2]. Using these insights, the brand set out to create a product that helps athletes stay in sport throughout their cycle by giving them an added layer of protection. After over two years of development and rigorous testing carried out at each stage of the journey, key details of the tights are as follows: TECHFIT PERIOD PROOF TIGHTS: Using new adidas Flow Shield technology, the tights have a set of absorbent layers and a membrane that help protect against leaks, giving athletes added confidence whilst training through their period. A wicking layer, absorbing layer and leak proof layer work together to provide protection, whilst a bonding frame holds each layer together and keeps the tights in place. The 1 in 4 dropout rate not only emphasised the need for performance wear that better serves the needs of those who menstruate, but also highlighted a lack of education and understanding about periods amongst teens and adults alike. Analysing data from over 14,000 athletes found that even those at the top of their field didn't learn about – or talk about – periods in sport at school or with their coaches. In the UK, 82.3% of participants indicated that they had never received any education about their menstrual cycle in the context of sport or exercise, and of those who have a coach, 81.5% have never spoken to their coach about their cycle. In the US, 65.3% have not received education on the topic, and 75.8% have not discussed the menstrual cycle with their coach. To sustain the dialogue and put the topic of menstruation on the global sporting stage, adidas will be passing the mic to its network of athletes to share their own experiences of training and competing on their periods, including Team GB athlete and Olympic medallist, Jazmin Sawyers, and WNBA player, Layshia Clarendon, who is currently the New York Liberty guard.Reported Earnings • May 08First 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.공시 • May 08adidas AG Upgrades Sales Guidance for the Second Quarter and Full Year of 2021adidas AG upgraded sales guidance for the second quarter and full year of 2021. The company is upgrading its full year sales outlook, and the company now expects to grow at high teens rate. In the second quarter, the company expects a significant sequential acceleration, with global currency-neutral sales projected to increase by around 50% year-over-year. This exceptional growth will get the company back to the 2019 levels in the second quarter as well despite continued headwinds.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 Austrian dividend payers (3.3%). Higher than average of industry peers (1.0%).Is New 90 Day High Low • Mar 13New 90-day high: €300The company is up 6.0% from its price of €283 on 11 December 2020. The Austrian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €262 per share.Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 9.4%, compared to a 19% growth forecast for the Luxury industry in Austria.공시 • Feb 17+ 1 more updateadidas AG to Report Nine Months, 2021 Results on Nov 10, 2021adidas AG announced that they will report nine months, 2021 results on Nov 10, 2021공시 • Feb 04+ 2 more updatesadidas AG to Report Fiscal Year 2020 Results on Mar 25, 2021adidas AG announced that they will report fiscal year 2020 results on Mar 25, 2021공시 • Jan 23adidas AG, Annual General Meeting, May 12, 2021adidas AG, Annual General Meeting, May 12, 2021.Is New 90 Day High Low • Dec 29New 90-day high: €300The company is up 7.0% from its price of €279 on 30 September 2020. The Austrian market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €254 per share.이익 및 매출 성장 예측WBAG:ADS - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202830,6352,2922,761N/A1912/31/202728,5211,9792,480N/A2612/31/202626,5311,6402,252N/A253/31/202625,2501,376N/AN/AN/A12/31/202524,8111,332274751N/A9/30/202524,7001,211379911N/A6/30/202524,5081,1886921,226N/A3/31/202524,3781,0201,6202,156N/A12/31/202423,6837562,3702,910N/A9/30/202422,5293812,1962,704N/A6/30/202422,0901962,3482,853N/A3/31/202421,611852,4142,908N/A12/31/202321,427-1192,0472,550N/A9/30/202321,821-1791,3681,858N/A6/30/202322,231-368-105450N/A3/31/202322,483-107-1,232-580N/A12/31/202222,511228-1,173-479N/A9/30/202222,444820-389415N/A6/30/202221,7861,2157591,556N/A3/31/202221,2681,2461,9262,643N/A12/31/202121,2341,4502,5263,192N/A9/30/202121,2371,4763,8814,370N/A6/30/202121,0471,5243,0803,482N/A3/31/202119,3229262,0532,422N/A12/31/202018,4354511,0581,486N/A9/30/202019,132496-272322N/A6/30/202019,981636310984N/A3/31/202022,1381,3188351,581N/A12/31/201923,6401,917N/A2,819N/A9/30/201923,0351,829N/A2,549N/A6/30/201922,4981,839N/A2,856N/A3/31/201922,2501,796N/A3,132N/A12/31/201821,9151,707N/A2,686N/A9/30/201821,7381,608N/A2,666N/A6/30/201821,5421,502N/A2,322N/A3/31/201821,3191,431N/A2,158N/A12/31/201721,2181,351N/A1,648N/A9/30/201720,6621,360N/A1,714N/A6/30/201720,2071,218N/A1,590N/A3/31/201719,3681,172N/A1,072N/A12/31/201618,4831,079N/A1,348N/A9/30/201618,1501,041N/A1,152N/A6/30/201617,686969N/A1,046N/A3/31/201617,394813N/A1,084N/A12/31/201516,915680N/A1,090N/A9/30/201516,358645N/A1,153N/A6/30/201515,644589N/A821N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ADS 의 연간 예상 수익 증가율(14.6%)이 saving rate(2.3%)보다 높습니다.수익 vs 시장: ADS 의 연간 수익(14.6%)이 Austrian 시장(11.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: ADS 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: ADS 의 수익(연간 6.6%)이 Austrian 시장(연간 4.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: ADS 의 수익(연간 6.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ADS의 자본 수익률은 3년 후 30.6%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 05:40종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스adidas AG는 62명의 분석가가 다루고 있습니다. 이 중 26명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Volker BosseBaader Helvea Equity ResearchKnut WollerBaader Helvea Equity ResearchJonathan KompBaird59명의 분석가 더 보기
공시 • 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).
공시 • Jul 28adidas AG Provides Earnings Guidance for the Year 2022adidas AG provided earnings guidance for the year 2022. For the year, the company expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% - 13% range). Net income from continuing operations is expected to reach a level of around EUR 1.3 billion (previously: at the lower end of the EUR 1.8 billion - EUR 1.9 billion range).
공시 • May 08adidas AG Upgrades Sales Guidance for the Second Quarter and Full Year of 2021adidas AG upgraded sales guidance for the second quarter and full year of 2021. The company is upgrading its full year sales outlook, and the company now expects to grow at high teens rate. In the second quarter, the company expects a significant sequential acceleration, with global currency-neutral sales projected to increase by around 50% year-over-year. This exceptional growth will get the company back to the 2019 levels in the second quarter as well despite continued headwinds.
Upcoming Dividend • May 02Upcoming dividend of €2.80 per shareEligible shareholders must have bought the stock before 08 May 2026. Payment date: 12 May 2026. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Austrian dividend payers (3.9%). Lower than average of industry peers (2.3%).
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: €2.70 (vs €2.44 in 1Q 2025)First quarter 2026 results: EPS: €2.70 (up from €2.44 in 1Q 2025). Revenue: €6.59b (up 7.1% from 1Q 2025). Net income: €479.0m (up 10% from 1Q 2025). Profit margin: 7.3% (up from 7.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Mar 27adidas AG, Annual General Meeting, May 07, 2026adidas AG, Annual General Meeting, May 07, 2026, at 10:00 W. Europe Standard Time.
Declared Dividend • Mar 06Dividend increased to €2.80Dividend of €2.80 is 40% higher than last year. Ex-date: 8th May 2026 Payment date: 12th May 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Mar 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 181% Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 05Full year 2025 earnings released: EPS: €7.46 (vs €4.23 in FY 2024)Full year 2025 results: EPS: €7.46 (up from €4.23 in FY 2024). Revenue: €24.8b (up 4.8% from FY 2024). Net income: €1.33b (up 76% from FY 2024). Profit margin: 5.4% (up from 3.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • 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.
Buy Or Sell Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock has risen 1.9% to €156. The fair value is estimated to be €195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 72%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.
공시 • 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.
New Risk • Jan 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Jan 06Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €161. The fair value is estimated to be €209, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 72%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
공시 • 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
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: €2.56 (vs €2.44 in 3Q 2024)Third quarter 2025 results: EPS: €2.56 (up from €2.44 in 3Q 2024). Revenue: €6.63b (up 3.0% from 3Q 2024). Net income: €458.0m (up 5.0% from 3Q 2024). Profit margin: 6.9% (up from 6.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
공시 • 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.
공시 • 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.
New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: €2.04 (vs €1.09 in 2Q 2024)Second quarter 2025 results: EPS: €2.04 (up from €1.09 in 2Q 2024). Revenue: €5.95b (up 2.2% from 2Q 2024). Net income: €363.0m (up 85% from 2Q 2024). Profit margin: 6.1% (up from 3.4% in 2Q 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 09Upcoming dividend of €2.00 per shareEligible shareholders must have bought the stock before 16 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Austrian dividend payers (4.9%). Lower than average of industry peers (2.0%).
Reported Earnings • May 02First quarter 2025 earnings released: EPS: €2.44 (vs €0.96 in 1Q 2024)First quarter 2025 results: EPS: €2.44 (up from €0.96 in 1Q 2024). Revenue: €6.15b (up 13% from 1Q 2024). Net income: €435.0m (up 154% from 1Q 2024). Profit margin: 7.1% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% 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, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • 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.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €190, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Luxury industry in Europe. Total loss to shareholders of 3.7% over the past three years.
Declared Dividend • Apr 03Dividend increased to €2.00Dividend of €2.00 is 186% higher than last year. Ex-date: 16th May 2025 Payment date: 20th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 47%. Cash payout ratio: 15%.
공시 • 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.
공시 • Apr 02adidas AG, Annual General Meeting, May 15, 2025adidas AG, Annual General Meeting, May 15, 2025, at 10:00 W. Europe Standard Time.
Reported Earnings • Mar 06Full year 2024 earnings released: EPS: €4.23 (vs €0.67 loss in FY 2023)Full year 2024 results: EPS: €4.23 (up from €0.67 loss in FY 2023). Revenue: €23.7b (up 11% from FY 2023). Net income: €756.0m (up €875.0m from FY 2023). Profit margin: 3.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공시 • 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 released: EPS: €2.44 (vs €1.39 in 3Q 2023)Third 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 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.
공시 • 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 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.2% to €209. The fair value is estimated to be €268, 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 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.1% to €214. The fair value is estimated to be €270, 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 41% per annum over the same time period.
Buy Or Sell Opportunity • Aug 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to €218. 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 8.1% per annum. Earnings are also forecast to grow by 41% per annum over the same time period.
Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: €1.09 (vs €0.48 in 2Q 2023)Second 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 is forecast to grow 8.2% 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 Austrian dividend payers (5.8%). Lower than average of industry peers (1.6%).
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: €0.96 (vs €0.18 loss in 1Q 2023)First 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 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.
공시 • 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 1.8%.
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).
Buying Opportunity • Dec 28Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €231, 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.
공시 • 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 • Dec 07Now 20% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be €239, 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.
공시 • 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 14% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Aug 14Now 20% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be €223, 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 7.7% growth forecast for the Luxury industry in Europe. 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.
공시 • 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.
공시 • 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
공시 • 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 released: €0.19 loss per share (vs €1.60 profit in 1Q 2022)First 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 is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in Europe. 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 Austrian dividend payers (5.2%). Lower than average of industry peers (1.3%).
Buying Opportunity • Apr 24Now 20% undervaluedOver the last 90 days, the stock is up 8.9%. The fair value is estimated to be €203, 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 5.1% per annum. Earnings is also forecast to grow by 43% per annum over the same time period.
Reported Earnings • Mar 10Full year 2022 earnings released: EPS: €1.24 (vs €7.47 in FY 2021)Full 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 is forecast to grow 5.0% 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, 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.
공시 • 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
공시 • Nov 25adidas AG, Annual General Meeting, May 11, 2023adidas AG, Annual General Meeting, May 11, 2023.
공시 • 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
공시 • 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 7.6% growth forecast for the Luxury industry in Europe. 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 08Investor sentiment improved over the past weekAfter last week's 20% share price gain to €119, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 55% over the past three years.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €100, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Luxury industry in Europe. Total loss to shareholders of 63% over the past three years.
공시 • Aug 24adidas AG Announces That Kasper Rorsted Will Hand over the CEO Position During the Course of 2023adidas AG's Supervisory Board announces that it has initiated a CEO transition. Kasper Rorsted, CEO of adidas, and the Supervisory Board have mutually agreed upon that Kasper Rorsted will hand over the CEO position during the course of 2023. The search for a succession has started. Kasper Rorsted will remain CEO until a successor has been appointed. Jointly with the Supervisory Board and the Management Board he will ensure a smooth transition at the helm of the company.
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 10% growth forecast for the industry in Austria. 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.
공시 • Jul 28adidas AG Provides Earnings Guidance for the Year 2022adidas AG provided earnings guidance for the year 2022. For the year, the company expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% - 13% range). Net income from continuing operations is expected to reach a level of around EUR 1.3 billion (previously: at the lower end of the EUR 1.8 billion - EUR 1.9 billion range).
Buying Opportunity • Jul 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.6%. The fair value is estimated to be €214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 18% per annum over the same time period.
공시 • May 14adidas and Delta Galil Introduce Full-Range Underwear Collections for Alladidas and Delta Galil Industries Ltd. announced the arrival of full-range underwear collections for adidas Originals and Badge of Sport. adidas underwear is about comfort at the core, and the Spring/Summer 2022 collections are designed to support all forms of movement and expression by using super soft cotton and high-tech stretch fabrics to empower all bodies to realize their full potential. The value of comfort continues to grow unilaterally across all generations. How consumers feel as they move through their day matters now more than ever, and adidas, together with Delta Galil, are speaking to that collective rising-of-consciousness through intentional design and production. The new adidas underwear collections offer a wide range of underwear separates including thongs, bikinis, briefs, trunks and boxer shorts, plus an assortment of versatile bralettes, bramis, tank tops, body suits and t-shirts. Inclusive Sizes range from XS through 3XL. Product prices range from USD 15 - USD 48 (approximately EUR 13 – EUR 60). Key fabrics include: adicolor Comfort Flex Cotton incorporates Delta Galil’s Realasting™ technology to maintain fabrics feel and shape after repeated washes, Use of Tencel™ cotton makes the innerwear extra soft and breathable, 720° Stretch ensures an individualized flex fit for every body, Innoband™ Tech – offers invisible coverage plus an ergonomic fit, Refibra™cotton – delivers premium natural fibers via upcycled cotton, Various products utilize recycled and dye-free yarn, and Real Cool Cotton™ - quick dry and moisture-wicking. Launching for Spring/Summer 22, the men’s collections will debut across the APAC, EMEA, Europe and Latin America regions, with the women’s collections launching in the same regions as well as North America. The adidas Originals and Badge of Sport underwear collections are shoppable now in-store and with select online retailers globally, including DTLR, Nordstrom, Amazon, and Zalando, and coming soon to adidas.com.
Reported Earnings • May 06Full year 2021 earnings released: EPS: €7.47 (vs €2.31 in FY 2020)Full year 2021 results: EPS: €7.47 (up from €2.31 in FY 2020). Revenue: €21.2b (up 15% from FY 2020). Net income: €1.45b (up 222% from FY 2020). Profit margin: 6.8% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 17% 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.
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 Austrian dividend payers (4.7%). In line with average of industry peers (1.7%).
공시 • Mar 23adidas AG to Report Nine Months, 2022 Results on Nov 09, 2022adidas AG announced that they will report nine months, 2022 results on Nov 09, 2022
Reported Earnings • Mar 10Full year 2021 earnings: Revenues and EPS in line with 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. Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the industry in Austria. 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 1% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Mar 04Now 36% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be €292, 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.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 58% share price gain to €330, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Luxury industry in Europe. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €483 per share.
Buying Opportunity • Feb 12Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €296, 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 15% per year, which means it is well ahead of earnings.
공시 • Jun 30Adidas Sets Out to Tackle One of the Greatest Taboos in Sport with Product Innovation and Resources to Help Those Who Menstruate Stay in Playadidas unveiled its latest product innovation designed to keep more menstruators in sport: the new TechFit Period Proof tights, featuring an absorbent layer to help protect against leaks when worn with a tampon or pad. In addition, with teachers and athletes alike calling for more information on the topic of menstruation, adidas has collaborated with Dr. Georgie Bruinvels to create free resources and lesson plans for schools around the world. The launch is part of adidas' roadmap of innovations coming out this year to better service all women in sport under the long-term Watch Us Move campaign; a commitment to revolutionising its product offering and services to better support the needs of its diverse female community. The first step in this was understanding what physical, emotional and societal barriers exist to sports participation. adidas found that teenage girls are dropping out of sport at an alarming rate, with one of the key reasons being fear of period leakage[2]. Using these insights, the brand set out to create a product that helps athletes stay in sport throughout their cycle by giving them an added layer of protection. After over two years of development and rigorous testing carried out at each stage of the journey, key details of the tights are as follows: TECHFIT PERIOD PROOF TIGHTS: Using new adidas Flow Shield technology, the tights have a set of absorbent layers and a membrane that help protect against leaks, giving athletes added confidence whilst training through their period. A wicking layer, absorbing layer and leak proof layer work together to provide protection, whilst a bonding frame holds each layer together and keeps the tights in place. The 1 in 4 dropout rate not only emphasised the need for performance wear that better serves the needs of those who menstruate, but also highlighted a lack of education and understanding about periods amongst teens and adults alike. Analysing data from over 14,000 athletes found that even those at the top of their field didn't learn about – or talk about – periods in sport at school or with their coaches. In the UK, 82.3% of participants indicated that they had never received any education about their menstrual cycle in the context of sport or exercise, and of those who have a coach, 81.5% have never spoken to their coach about their cycle. In the US, 65.3% have not received education on the topic, and 75.8% have not discussed the menstrual cycle with their coach. To sustain the dialogue and put the topic of menstruation on the global sporting stage, adidas will be passing the mic to its network of athletes to share their own experiences of training and competing on their periods, including Team GB athlete and Olympic medallist, Jazmin Sawyers, and WNBA player, Layshia Clarendon, who is currently the New York Liberty guard.
Reported Earnings • May 08First 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.
공시 • May 08adidas AG Upgrades Sales Guidance for the Second Quarter and Full Year of 2021adidas AG upgraded sales guidance for the second quarter and full year of 2021. The company is upgrading its full year sales outlook, and the company now expects to grow at high teens rate. In the second quarter, the company expects a significant sequential acceleration, with global currency-neutral sales projected to increase by around 50% year-over-year. This exceptional growth will get the company back to the 2019 levels in the second quarter as well despite continued headwinds.
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 Austrian dividend payers (3.3%). Higher than average of industry peers (1.0%).
Is New 90 Day High Low • Mar 13New 90-day high: €300The company is up 6.0% from its price of €283 on 11 December 2020. The Austrian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €262 per share.
Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 9.4%, compared to a 19% growth forecast for the Luxury industry in Austria.
공시 • Feb 17+ 1 more updateadidas AG to Report Nine Months, 2021 Results on Nov 10, 2021adidas AG announced that they will report nine months, 2021 results on Nov 10, 2021
공시 • Feb 04+ 2 more updatesadidas AG to Report Fiscal Year 2020 Results on Mar 25, 2021adidas AG announced that they will report fiscal year 2020 results on Mar 25, 2021
공시 • Jan 23adidas AG, Annual General Meeting, May 12, 2021adidas AG, Annual General Meeting, May 12, 2021.
Is New 90 Day High Low • Dec 29New 90-day high: €300The company is up 7.0% from its price of €279 on 30 September 2020. The Austrian market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €254 per share.