adidas Valuation
Is ADS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of ADS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ADS (PLN939) is trading below our estimate of fair value (PLN1133.14)
Significantly Below Fair Value: ADS is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ADS?
Other financial metrics that can be useful for relative valuation.
| What is ADS's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €40.17b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.1x |
| Enterprise Value/EBITDA | 49.7x |
| PEG Ratio | 11.4x |
Price to Sales Ratio vs Peers
How does ADS's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.1x | ||
LPP LPP | 1.7x | 16.4% | zł29.1b |
VRG VRG | 0.6x | 6.7% | zł773.7m |
KER Kering | 2.1x | 4.8% | €40.3b |
2020 ANTA Sports Products | 3.9x | 10.5% | HK$265.0b |
ADS adidas | 1.9x | 7.9% | zł40.2b |
Price-To-Sales vs Peers: ADS is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (2.1x).
Price to Earnings Ratio vs Industry
How does ADS's PE Ratio compare vs other companies in the European Luxury Industry?
Price-To-Sales vs Industry: ADS is expensive based on its Price-To-Sales Ratio (1.9x) compared to the European Luxury industry average (0.7x).
Price to Sales Ratio vs Fair Ratio
What is ADS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.9x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate ADS's Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | zł963.73 0% | 13.4% | zł1,196.02 | zł650.01 | n/a | 28 |
| Apr ’25 | n/a | zł848.33 0% | 15.6% | zł991.13 | zł409.38 | n/a | 28 |
| Mar ’25 | zł808.40 | zł798.55 -1.2% | 16.3% | zł991.24 | zł409.43 | n/a | 29 |
| Feb ’25 | zł693.40 | zł804.09 +16.0% | 16.2% | zł992.58 | zł409.98 | n/a | 29 |
| Jan ’25 | n/a | zł803.11 0% | 16.2% | zł988.43 | zł429.75 | n/a | 30 |
| Dec ’24 | n/a | zł804.33 0% | 15.3% | zł962.35 | zł437.43 | n/a | 30 |
| Nov ’24 | zł747.70 | zł817.84 +9.4% | 17.8% | zł1,048.63 | zł401.60 | n/a | 30 |
| Oct ’24 | n/a | zł850.29 0% | 18.2% | zł1,090.18 | zł417.52 | n/a | 29 |
| Sep ’24 | n/a | zł810.95 0% | 18.7% | zł1,052.81 | zł403.21 | n/a | 30 |
| Aug ’24 | zł825.90 | zł772.35 -6.5% | 19.3% | zł992.74 | zł375.04 | n/a | 29 |
| Jul ’24 | zł792.00 | zł725.03 -8.5% | 19.4% | zł960.91 | zł378.13 | n/a | 28 |
| Jun ’24 | n/a | zł707.10 0% | 20.6% | zł933.32 | zł341.96 | n/a | 30 |
| May ’24 | n/a | zł674.14 0% | 20.7% | zł915.26 | zł343.22 | n/a | 29 |
| Apr ’24 | n/a | zł673.80 0% | 19.7% | zł917.32 | zł351.02 | n/a | 29 |
| Mar ’24 | n/a | zł632.91 0% | 22.2% | zł964.31 | zł327.04 | zł808.40 | 30 |
| Feb ’24 | n/a | zł650.13 0% | 20.4% | zł917.91 | zł356.15 | zł693.40 | 31 |
| Jan ’24 | n/a | zł626.69 0% | 22.0% | zł914.52 | zł354.83 | n/a | 31 |
| Dec ’23 | n/a | zł624.97 0% | 22.2% | zł914.88 | zł354.97 | n/a | 31 |
| Nov ’23 | n/a | zł624.00 0% | 31.0% | zł1,278.16 | zł410.48 | zł747.70 | 30 |
| Oct ’23 | n/a | zł933.85 0% | 24.8% | zł1,627.68 | zł574.48 | n/a | 30 |
| Sep ’23 | n/a | zł958.04 0% | 23.1% | zł1,604.58 | zł566.32 | n/a | 30 |
| Aug ’23 | n/a | zł996.17 0% | 25.7% | zł1,610.26 | zł568.33 | zł825.90 | 31 |
| Jul ’23 | n/a | zł1,181.31 0% | 20.8% | zł1,634.45 | zł637.72 | zł792.00 | 31 |
| Jun ’23 | n/a | zł1,192.88 0% | 19.8% | zł1,610.20 | zł628.25 | n/a | 31 |
| May ’23 | n/a | zł1,301.70 0% | 17.1% | zł1,628.99 | zł631.95 | n/a | 31 |
Analyst Forecast: Target price is lower than the current share price.