XTRA:ADSLuxury
Adidas (XTRA:ADS) Could Be 30% Undervalued On Its Fitness Growth Story
The field hockey equipment market is projected to reach $2.7b by 2035, and adidas (XTRA:ADS) features among the key global participants, drawing fresh attention to its broader sports gear and footwear business.
Recent trading tells a more cautious story. adidas shares trade at €142.25 and the 90 day share price return has fallen 18.67%, while the 1 year total shareholder return is down 19.2%. This points to fading momentum even as field hockey and wider sports demand continue to shape...