Market Cap
€54.0b
Last Updated
2021/01/26 20:32 UTC
Data Sources
Company Financials +
Executive Summary
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential and fair value.
Similar Companies
Share Price & News
How has adidas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ADS is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ADS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-3.3%
ADS
-8.2%
DE Luxury
-0.08%
DE Market
1 Year Return
-8.4%
ADS
-8.5%
DE Luxury
4.8%
DE Market
Return vs Industry: ADS matched the German Luxury industry which returned -9.4% over the past year.
Return vs Market: ADS underperformed the German Market which returned 3.6% over the past year.
Shareholder returns
| ADS | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | -8.2% | -0.08% |
| 30 Day | -5.8% | -7.9% | 2.4% |
| 90 Day | 7.7% | 0.4% | 15.5% |
| 1 Year | -8.4%-8.4% | -8.4%-8.5% | 8.2%4.8% |
| 3 Year | 53.7%49.5% | 48.7%43.6% | 4.5%-4.7% |
| 5 Year | 210.1%194.2% | 167.9%146.8% | 40.8%21.1% |
Long-Term Price Volatility Vs. Market
How volatile is adidas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
adidas (ETR:ADS) Shareholders Have Enjoyed An Impressive 221% Share Price Gain4 weeks ago | Simply Wall St
How Much Is adidas AG (ETR:ADS) Paying Its CEO?1 month ago | Simply Wall St
Returns On Capital At adidas (ETR:ADS) Paint An Interesting PictureValuation
Is adidas undervalued compared to its fair value and its price relative to the market?
20.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ADS (€269) is trading below our estimate of fair value (€346.71)
Significantly Below Fair Value: ADS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ADS is good value based on its PE Ratio (112.3x) compared to the DE Luxury industry average (131x).
PE vs Market: ADS is poor value based on its PE Ratio (112.3x) compared to the German market (25x).
Price to Earnings Growth Ratio
PEG Ratio: ADS is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: ADS is overvalued based on its PB Ratio (8x) compared to the DE Luxury industry average (1.6x).
Next Steps
Future Growth
How is adidas forecast to perform in the next 1 to 3 years based on estimates from 36 analysts?
34.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADS's forecast earnings growth (52% per year) is above the savings rate (0.07%).
Earnings vs Market: ADS's earnings (52% per year) are forecast to grow faster than the German market (25% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ADS's revenue (8.1% per year) is forecast to grow faster than the German market (6.1% per year).
High Growth Revenue: ADS's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADS's Return on Equity is forecast to be high in 3 years time (27%)
Next Steps
Past Performance
How has adidas performed over the past 5 years?
8.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADS has high quality earnings.
Growing Profit Margin: ADS's current net profit margins (2.3%) are lower than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: ADS's earnings have grown by 8.7% per year over the past 5 years.
Accelerating Growth: ADS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ADS had negative earnings growth (-74.4%) over the past year, making it difficult to compare to the Luxury industry average (-33.2%).
Return on Equity
High ROE: ADS's Return on Equity (7%) is considered low.
Next Steps
Financial Health
How is adidas's financial position?
Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€12.4B) exceed its short term liabilities (€8.9B).
Long Term Liabilities: ADS's short term assets (€12.4B) exceed its long term liabilities (€5.7B).
Debt to Equity History and Analysis
Debt Level: ADS's debt to equity ratio (63.6%) is considered high.
Reducing Debt: ADS's debt to equity ratio has increased from 34.4% to 63.6% over the past 5 years.
Debt Coverage: ADS's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: ADS's interest payments on its debt are well covered by EBIT (4.3x coverage).
Balance Sheet
Next Steps
Dividend
What is adidas's current dividend yield, its reliability and sustainability?
1.52%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ADS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ADS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ADS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ADS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ADS is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ADS's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Kasper Rorsted (58 yo)
4.25yrs
Tenure
€6,597,509
Compensation
Mr. Kasper Bo Rorsted is Director at Nestlé S.A. (formerly known as Nestle S.A.) since April 12, 2018. He has been Chief Executive Officer of Adidas AG since October 1, 2016 and as its Member of Executive ...
CEO Compensation Analysis
Compensation vs Market: Kasper's total compensation ($USD8.00M) is above average for companies of similar size in the German market ($USD5.42M).
Compensation vs Earnings: Kasper's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Executive Board | 4.25yrs | €6.60m | no data | |
| CFO, Labor Director & Member of Executive Board | 3.67yrs | €2.38m | no data | |
| Head of Global Sales & Member of Executive Board | 7.25yrs | €2.97m | no data | |
| Head of Global Operations & Member of Executive Board | 1.83yrs | €2.21m | no data | |
| Senior VP of Global Sports Marketing & Brand Relations and Member of Supervisory Board | 1.67yrs | €112.45k | no data | |
| Director for Head Office of Brand & Sales and Employee Representative Member of Supervisory Board | 1.67yrs | €112.45k | no data | |
| Head of Global Brands & Member of Executive Board | 1yr | no data | no data | |
| Head of Human Resources & Member of Executive Board | no data | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Chief Corporate Communications Officer | no data | no data | no data | |
| Senior Vice President of Global Purpose | 4.92yrs | no data | no data | |
| Managing Director of South East Europe Operations | 9.67yrs | no data | no data |
4.6yrs
Average Tenure
50.5yo
Average Age
Experienced Management: ADS's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior VP of Global Sports Marketing & Brand Relations and Member of Supervisory Board | 1.67yrs | €112.45k | no data | |
| Director for Head Office of Brand & Sales and Employee Representative Member of Supervisory Board | 1.67yrs | €112.45k | no data | |
| Chairman of Supervisory Board | 0.42yr | €137.32k | no data | |
| Member of Supervisory Board | 1.67yrs | €56.73k | no data | |
| Deputy Chairman of Supervisory Board | 0.42yr | €171.00k | no data | |
| Independent Member of Supervisory Board | 11.67yrs | €254.00k | no data | |
| Member of Supervisory Board | 4.58yrs | €89.00k | no data | |
| Employee Representative Member of Supervisory Board | 16.67yrs | €134.00k | no data | |
| Member of Supervisory Board | 6.67yrs | €88.00k | no data | |
| Employee Representative Deputy Chairman of Supervisory Board | 1.67yrs | €168.59k | no data | |
| Employee Representative Member of Supervisory Board | 1.67yrs | €54.73k | no data | |
| Employee Representative Member of Supervisory Board | 1.67yrs | €57.73k | no data |
1.7yrs
Average Tenure
57yo
Average Age
Experienced Board: ADS's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
adidas AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: adidas AG
- Ticker: ADS
- Exchange: XTRA
- Founded: 1920
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: €53.966b
- Shares outstanding: 195.03m
- Website: https://www.adidas-group.com
Number of Employees
Location
- adidas AG
- Adi-Dassler-Strasse 1
- Herzogenaurach
- Bavaria
- 91074
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ADDD.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Nov 1995 |
| ADS | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Nov 1995 |
| ADS | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Nov 1995 |
| ADS | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Nov 1995 |
| 0OLD | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Nov 1995 |
| ADSD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Nov 1995 |
| ADIDAS | BUSE (Budapest Stock Exchange) | Yes | Bearer Shares | HU | HUF | Nov 1995 |
| ADS N | BMV (Bolsa Mexicana de Valores) | Yes | Bearer Shares | MX | MXN | Nov 1995 |
| ADS | BIT (Borsa Italiana) | Yes | Bearer Shares | IT | EUR | Nov 1995 |
| ADS | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Nov 1995 |
| ADDY.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jan 2005 | |
| ADS1 | BST (Boerse-Stuttgart) | ADR | DE | EUR | Jan 2005 | |
| ADS1 | DB (Deutsche Boerse AG) | ADR | DE | EUR | Jan 2005 |
Biography
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, Nort...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 20:32 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.