(ADS) adidas - Overview
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE000A1EWWW0
Stock: Footwear, Apparel, Accessories, Gear, Golf, Outdoor
Total Rating 39
Risk 90
Buy Signal -1.31
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.91% |
| Yield on Cost 5y | 0.75% |
| Yield CAGR 5y | -9.64% |
| Payout Consistency | 86.9% |
| Payout Ratio | 28.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 31.0% |
| Relative Tail Risk | -9.01% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.44 |
| Alpha | -48.12 |
| Character TTM | |
|---|---|
| Beta | 0.313 |
| Beta Downside | 0.254 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.96% |
| CAGR/Max DD | 0.08 |
Description: ADS adidas December 17, 2025
adidas AG (XETRA:ADS) designs, develops, produces and markets athletic and sports-lifestyle products across Europe, Greater China, Japan, South Korea, Latin America, North America and other international markets. Its portfolio includes footwear, apparel, accessories and fitness equipment under the adidas brand, golf-specific items under adidas Golf, and outdoor footwear via the Five Ten brand.
The company distributes through a mix of owned retail stores, mono-branded franchise locations, shop-in-shops, joint-venture retail partners, co-branded concepts and wholesale channels, complemented by a growing e-commerce platform that now accounts for roughly 30 % of total sales.
Key recent metrics: FY 2023 revenue reached €21.2 bn, with a gross margin of about 48 %; digital sales grew 12 % YoY, driven by direct-to-consumer initiatives and a 15 % increase in average order value. Primary economic drivers include consumer discretionary spending trends, inflation-adjusted pricing power, and supply-chain resilience in the footwear sector. For a deeper quantitative assessment, see the ValueRay dashboard for ADS.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 1.22b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -9.72 > 1.0 |
| NWC/Revenue: 11.47% < 20% (prev 11.86%; Δ -0.39% < -1%) |
| CFO/TA 0.05 > 3% & CFO 911.0m > Net Income 1.22b |
| Net Debt (4.40b) to EBITDA (3.08b): 1.43 < 3 |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (178.7m) vs 12m ago 0.03% < -2% |
| Gross Margin: 51.36% > 18% (prev 0.50%; Δ 5086 % > 0.5%) |
| Asset Turnover: 124.3% > 50% (prev 114.9%; Δ 9.36% > 0%) |
| Interest Coverage Ratio: 8.89 > 6 (EBITDA TTM 3.08b / Interest Expense TTM 218.0m) |
Altman Z'' 2.92
| A: 0.14 (Total Current Assets 11.97b - Total Current Liabilities 9.13b) / Total Assets 20.15b |
| B: 0.28 (Retained Earnings 5.68b / Total Assets 20.15b) |
| C: 0.10 (EBIT TTM 1.94b / Avg Total Assets 19.88b) |
| D: 0.41 (Book Value of Equity 5.70b / Total Liabilities 14.07b) |
| Altman-Z'' Score: 2.92 = A |
Beneish M -2.93
| DSRI: 1.08 (Receivables 3.64b/3.09b, Revenue 24.70b/22.53b) |
| GMI: 0.97 (GM 51.36% / 49.72%) |
| AQI: 0.96 (AQ_t 0.18 / AQ_t-1 0.19) |
| SGI: 1.10 (Revenue 24.70b / 22.53b) |
| TATA: 0.02 (NI 1.22b - CFO 911.0m) / TA 20.15b) |
| Beneish M-Score: -2.93 (Cap -4..+1) = A |
What is the price of ADS shares?
As of February 07, 2026, the stock is trading at EUR 151.85 with a total of 567,428 shares traded.
Over the past week, the price has changed by +5.82%, over one month by -10.62%, over three months by -4.65% and over the past year by -39.26%.
Over the past week, the price has changed by +5.82%, over one month by -10.62%, over three months by -4.65% and over the past year by -39.26%.
Is ADS a buy, sell or hold?
adidas has no consensus analysts rating.
What are the forecasts/targets for the ADS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 224.2 | 47.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 141.8 | -6.6% |
ADS Fundamental Data Overview February 03, 2026
Market Cap USD = 31.64b (26.81b EUR * 1.1801 EUR.USD)
P/E Trailing = 22.1134
P/E Forward = 14.5773
P/S = 1.0854
P/B = 4.4958
P/EG = 0.5966
Revenue TTM = 24.70b EUR
EBIT TTM = 1.94b EUR
EBITDA TTM = 3.08b EUR
Long Term Debt = 1.90b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.24b EUR (from shortTermDebt, last quarter)
Debt = 5.43b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.40b EUR (from netDebt column, last quarter)
Enterprise Value = 31.21b EUR (26.81b + Debt 5.43b - CCE 1.03b)
Interest Coverage Ratio = 8.89 (Ebit TTM 1.94b / Interest Expense TTM 218.0m)
EV/FCF = 82.34x (Enterprise Value 31.21b / FCF TTM 379.0m)
FCF Yield = 1.21% (FCF TTM 379.0m / Enterprise Value 31.21b)
FCF Margin = 1.53% (FCF TTM 379.0m / Revenue TTM 24.70b)
Net Margin = 4.94% (Net Income TTM 1.22b / Revenue TTM 24.70b)
Gross Margin = 51.36% ((Revenue TTM 24.70b - Cost of Revenue TTM 12.01b) / Revenue TTM)
Gross Margin QoQ = 51.81% (prev 51.70%)
Tobins Q-Ratio = 1.55 (Enterprise Value 31.21b / Total Assets 20.15b)
Interest Expense / Debt = 1.81% (Interest Expense 98.0m / Debt 5.43b)
Taxrate = 26.0% (169.0m / 650.0m)
NOPAT = 1.43b (EBIT 1.94b * (1 - 26.00%))
Current Ratio = 1.31 (Total Current Assets 11.97b / Total Current Liabilities 9.13b)
Debt / Equity = 0.95 (Debt 5.43b / totalStockholderEquity, last quarter 5.70b)
Debt / EBITDA = 1.43 (Net Debt 4.40b / EBITDA 3.08b)
Debt / FCF = 11.61 (Net Debt 4.40b / FCF TTM 379.0m)
Total Stockholder Equity = 5.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.13% (Net Income 1.22b / Total Assets 20.15b)
RoE = 22.08% (Net Income TTM 1.22b / Total Stockholder Equity 5.52b)
RoCE = 26.11% (EBIT 1.94b / Capital Employed (Equity 5.52b + L.T.Debt 1.90b))
RoIC = 17.75% (NOPAT 1.43b / Invested Capital 8.08b)
WACC = 6.10% (E(26.81b)/V(32.24b) * Re(7.07%) + D(5.43b)/V(32.24b) * Rd(1.81%) * (1-Tc(0.26)))
Discount Rate = 7.07% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.03%
[DCF Debug] Terminal Value 79.70% ; FCFF base≈1.14b ; Y1≈746.4m ; Y5≈340.5m
Fair Price DCF = 32.51 (EV 10.20b - Net Debt 4.40b = Equity 5.80b / Shares 178.5m; r=6.10% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 20.42 | EPS CAGR: -11.57% | SUE: -1.81 | # QB: 0
Revenue Correlation: 56.81 | Revenue CAGR: 7.03% | SUE: -0.78 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.69 | Chg30d=-0.065 | Revisions Net=-5 | Analysts=7
EPS next Year (2026-12-31): EPS=10.66 | Chg30d=-0.122 | Revisions Net=-1 | Growth EPS=+41.8% | Growth Revenue=+8.2%
P/E Trailing = 22.1134
P/E Forward = 14.5773
P/S = 1.0854
P/B = 4.4958
P/EG = 0.5966
Revenue TTM = 24.70b EUR
EBIT TTM = 1.94b EUR
EBITDA TTM = 3.08b EUR
Long Term Debt = 1.90b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.24b EUR (from shortTermDebt, last quarter)
Debt = 5.43b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.40b EUR (from netDebt column, last quarter)
Enterprise Value = 31.21b EUR (26.81b + Debt 5.43b - CCE 1.03b)
Interest Coverage Ratio = 8.89 (Ebit TTM 1.94b / Interest Expense TTM 218.0m)
EV/FCF = 82.34x (Enterprise Value 31.21b / FCF TTM 379.0m)
FCF Yield = 1.21% (FCF TTM 379.0m / Enterprise Value 31.21b)
FCF Margin = 1.53% (FCF TTM 379.0m / Revenue TTM 24.70b)
Net Margin = 4.94% (Net Income TTM 1.22b / Revenue TTM 24.70b)
Gross Margin = 51.36% ((Revenue TTM 24.70b - Cost of Revenue TTM 12.01b) / Revenue TTM)
Gross Margin QoQ = 51.81% (prev 51.70%)
Tobins Q-Ratio = 1.55 (Enterprise Value 31.21b / Total Assets 20.15b)
Interest Expense / Debt = 1.81% (Interest Expense 98.0m / Debt 5.43b)
Taxrate = 26.0% (169.0m / 650.0m)
NOPAT = 1.43b (EBIT 1.94b * (1 - 26.00%))
Current Ratio = 1.31 (Total Current Assets 11.97b / Total Current Liabilities 9.13b)
Debt / Equity = 0.95 (Debt 5.43b / totalStockholderEquity, last quarter 5.70b)
Debt / EBITDA = 1.43 (Net Debt 4.40b / EBITDA 3.08b)
Debt / FCF = 11.61 (Net Debt 4.40b / FCF TTM 379.0m)
Total Stockholder Equity = 5.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.13% (Net Income 1.22b / Total Assets 20.15b)
RoE = 22.08% (Net Income TTM 1.22b / Total Stockholder Equity 5.52b)
RoCE = 26.11% (EBIT 1.94b / Capital Employed (Equity 5.52b + L.T.Debt 1.90b))
RoIC = 17.75% (NOPAT 1.43b / Invested Capital 8.08b)
WACC = 6.10% (E(26.81b)/V(32.24b) * Re(7.07%) + D(5.43b)/V(32.24b) * Rd(1.81%) * (1-Tc(0.26)))
Discount Rate = 7.07% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.03%
[DCF Debug] Terminal Value 79.70% ; FCFF base≈1.14b ; Y1≈746.4m ; Y5≈340.5m
Fair Price DCF = 32.51 (EV 10.20b - Net Debt 4.40b = Equity 5.80b / Shares 178.5m; r=6.10% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 20.42 | EPS CAGR: -11.57% | SUE: -1.81 | # QB: 0
Revenue Correlation: 56.81 | Revenue CAGR: 7.03% | SUE: -0.78 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.69 | Chg30d=-0.065 | Revisions Net=-5 | Analysts=7
EPS next Year (2026-12-31): EPS=10.66 | Chg30d=-0.122 | Revisions Net=-1 | Growth EPS=+41.8% | Growth Revenue=+8.2%