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adidas AG (ADS.DE)

EUR181.90 -1.70 (-0.93%)
DE XETRA Consumer Cyclical Apparel - Footwear & Accessories
Address Adi-Dassler-Strasse 1 91074
Herzogenaurach, DE
CEO Bjorn Gulden
IPO 1998-06-24
ISIN DE000A1EWWW0

Explore sections of this company profile

Also trades on Deutsche Börse · ADS.DE (EUR) Frankfurt Stock Exchange · ADS.F (EUR) Other OTC · ADDDF (USD) Other OTC · ADDYY (USD)
Description

Globally, adidas AG is involved in the creation, development, distribution, and marketing of athletic and sports-inspired lifestyle merchandise. Under the well-known adidas brand, the company's offerings include footwear, apparel, and a variety of accessories such as bags and balls. These products are made available to consumers through a multifaceted retail network, encompassing approximately 2,200 company-owned stores, dedicated franchise outlets, shop-in-shops, wholesale partnerships, and direct e-commerce channels. Originally founded in 1920 and based in Herzogenaurach, Germany, the entity was formerly named adidas-Salomon AG before adopting its current name in June 2006.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR181.90 -1.70 (-0.93%)
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Volume Profile
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Liquidity & share structure
Average Volume
667.4K
Beta
1.20
Float Shares
165.11M
Free Float %
92.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.06% -4.47% +3.92% -6.74% -13.11% -14.79% -33.98% -13.13% -50.03% +26.28% +245.81%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (10 ratings, all time) Buy
Price Targets & DCF
Current price
181.90
DCF (Unlevered) 119.09 -34.5%
DCF (Levered) 157.28 -13.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 76% Bullish
Rating 2026-05 Change
Strong Buy 6 0
Buy 16 0
Hold 6 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
3.28
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Apparel - Footwear & Accessories: +5.0%
    +4.8% Q1'26: +7.1% (vs Q1'25)
  • EPS growth Apparel - Footwear & Accessories: +5.0%
    +75.2% Q1'26: +12.5% (vs Q1'25)
  • FCF margin FCF growth · Apparel - Footwear & Accessories: +7.7%
    -0.4% Q1'26: -6.4% (vs Q1'25)
  • EBIT margin Apparel - Footwear & Accessories: +8.8%
    +7.9% Q1'26: +10.4% (vs Q1'25)
  • ROIC Apparel - Footwear & Accessories: +7.3%
    +14.9% Q1'26: +18.0% (vs Q1'25)
  • Share dilution Apparel - Footwear & Accessories: +0.0%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Apparel - Footwear & Accessories: -0.25×
    1.80× Q1'26: 2.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.21) × ERP
WACC = 82% × Ke + 18% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 118.46 Current price: 181.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
25 Rev. Ana.
17 EPS Ana.
Dec 2027
26 Rev. Ana.
15 EPS Ana.
Dec 2028
19 Rev. Ana.
12 EPS Ana.
Dec 2029
10 Rev. Ana.
10 EPS Ana.
Dec 2030
16 Rev. Ana.
5 EPS Ana.
Revenue
13.34B
est: 13.39B (-0.3%)
14.88B
est: 15.15B (-1.8%)
14.49B
est: 14.68B (-1.2%)
14.53B
est: 14.92B (-2.6%)
16.92B
est: 16.81B (+0.6%)
19.29B
est: 19.26B (+0.2%)
21.22B
est: 21.34B (-0.6%)
21.92B
est: 21.94B (-0.1%)
23.64B
est: 23.68B (-0.2%)
19.84B
est: 19.77B (+0.4%)
21.23B
est: 21.29B (-0.2%)
22.51B
est: 22.84B (-1.4%)
21.43B
est: 22.09B (-3.0%)
23.68B
est: 23.68B (+0.0%)
24.81B
est: 24.91B (-0.4%)
26.53B
26.20B – 26.88B
+6.5% YoY
28.46B
27.67B – 29.80B
+7.3% YoY
30.68B
30.65B – 30.70B
+7.8% YoY
32.55B
31.90B – 33.56B
+6.1% YoY
34.98B
34.28B – 36.06B
+7.5% YoY
EBITDA
1.23B
est: 1.11B (+10.3%)
1.21B
est: 1.24B (-2.3%)
1.53B
est: 1.28B (+19.1%)
1.30B
est: 1.43B (-9.2%)
1.44B
est: 1.26B (+14.6%)
1.98B
est: 1.57B (+25.9%)
2.60B
est: 2.00B (+30.1%)
2.90B
est: 2.28B (+26.8%)
3.88B
est: 3.11B (+24.9%)
1.98B
est: 3.12B (-36.6%)
3.11B
est: 3.65B (-14.8%)
1.75B
est: 4.04B (-56.7%)
785.00M
est: 2.17B (-63.9%)
2.51B
est: 2.32B (+8.4%)
3.09B
est: 2.45B (+26.3%)
2.61B
2.58B – 2.64B
+6.5% YoY
2.80B
2.72B – 2.93B
+7.3% YoY
3.02B
3.01B – 3.02B
+7.8% YoY
3.20B
3.14B – 3.30B
+6.1% YoY
3.44B
3.37B – 3.55B
+7.5% YoY
EBIT
977.00M
est: 1.01B (-3.1%)
948.00M
est: 1.14B (-17.1%)
1.21B
est: 892.77M (+35.2%)
897.00M
est: 1.22B (-26.6%)
1.10B
est: 990.12M (+11.5%)
1.61B
est: 1.22B (+31.2%)
2.09B
est: 1.75B (+19.3%)
2.43B
est: 2.08B (+16.3%)
2.72B
est: 2.57B (+6.0%)
737.00M
est: 2.24B (-67.1%)
1.97B
est: 2.61B (-24.7%)
530.00M
est: 2.90B (-81.7%)
280.00M
est: 1.17B (-76.1%)
1.34B
est: 1.25B (+7.3%)
1.97B
est: 1.32B (+49.1%)
1.41B
1.39B – 1.43B
+6.5% YoY
1.51B
1.47B – 1.58B
+7.3% YoY
1.63B
1.63B – 1.63B
+7.8% YoY
1.73B
1.69B – 1.78B
+6.1% YoY
1.86B
1.82B – 1.91B
+7.5% YoY
Net Income
671.00M
est: 639.71M (+4.9%)
526.00M
est: 759.18M (-30.7%)
787.00M
est: 510.43M (+54.2%)
490.00M
est: 800.07M (-38.8%)
634.00M
est: 550.69M (+15.1%)
1.02B
est: 733.56M (+38.6%)
1.10B
est: 1.13B (-2.7%)
1.70B
est: 1.12B (+51.6%)
1.98B
est: 1.84B (+7.2%)
432.00M
est: 1.66B (-74.0%)
1.49B
est: 1.94B (-23.2%)
254.00M
est: -368.00M (+169.0%)
-75.00M
est: 196.00M (-138.3%)
764.00M
est: 753.57M (+1.4%)
1.34B
est: 1.38B (-2.6%)
1.63B
1.52B – 1.88B
+18.8% YoY
1.98B
1.76B – 2.25B
+21.5% YoY
2.31B
2.21B – 2.70B
+16.2% YoY
2.53B
2.46B – 2.63B
+9.6% YoY
2.74B
2.67B – 2.85B
+8.5% YoY
SGA
4.73B
est: 5.40B (-12.4%)
6.02B
est: 5.97B (+0.9%)
6.01B
est: 5.58B (+7.5%)
6.08B
est: 5.81B (+4.6%)
7.15B
est: 6.46B (+10.6%)
8.10B
est: 7.86B (+3.1%)
8.70B
est: 8.15B (+6.7%)
9.03B
est: 8.43B (+7.1%)
9.69B
est: 9.13B (+6.1%)
9.00B
est: 8.04B (+11.9%)
8.81B
est: 9.39B (-6.2%)
10.02B
est: 10.41B (-3.8%)
9.91B
est: 9.58B (+3.4%)
10.92B
est: 10.23B (+6.7%)
9.58B
est: 10.81B (-11.4%)
11.51B
11.37B – 11.66B
+6.5% YoY
12.35B
12.01B – 12.93B
+7.3% YoY
13.31B
13.30B – 13.32B
+7.8% YoY
14.12B
13.84B – 14.56B
+6.1% YoY
15.18B
14.87B – 15.65B
+7.5% YoY
EPS
2.93
est: 3.22 (-9.1%)
2.52
est: 3.86 (-34.6%)
3.76
est: 4.05 (-7.1%)
2.67
est: 3.07 (-12.9%)
3.15
est: 3.50 (-10.1%)
5.08
est: 4.88 (+4.1%)
5.42
est: 6.67 (-18.7%)
8.44
est: 8.37 (+0.8%)
10.00
est: 9.77 (+2.4%)
2.21
est: 2.18 (+1.3%)
7.68
est: 7.23 (+6.2%)
1.39
est: 1.78 (-22.1%)
-0.42
est: 1.10 (-138.3%)
4.28
est: 4.19 (+2.1%)
7.50
est: 7.56 (-0.8%)
9.48
8.52 – 10.53
+25.4% YoY
11.65
9.86 – 12.62
+22.9% YoY
13.65
12.37 – 15.12
+17.2% YoY
14.15
13.78 – 14.72
+3.7% YoY
15.35
14.95 – 15.96
+8.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-06 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-04 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-24 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-23 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-22 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-21 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-20 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-17 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-16 B+ 3/5 3/5 5/5 5/5 1/5 3/5 1/5
2026-04-15 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.54B
OE per share TTM
14.23
Owner's Yield
10.04%
Maintenance CapEx ratio
201.60%
Maint CapEx / Avg PPE
21.4%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
2
Total invested
9.33M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
2
+1 vs prev Q
New positions
1
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 WINCH ADVISORY SERVICES, LLC 2.00 +— (+0.0%) 391.00 -24.0 (-5.8%) 0.00% +0.000 pp 0.00% +0.000 pp EUR179.00 -5.6% 2 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
42.8K
Shares Outstanding
178.67M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bjorn Gulden Chairman of Global Brands, CEO & Chairman of Executive Board 7M male
Harm Ohlmeyer Chief Financial Officer & Member of Executive Board 3M male
Michelle Robertson Global Head of HR, People & Culture and Member of Executive Board 3M female
Mathieu Sidokpohou Member of Executive Board & Chief Commercial Officer 1M male
Gunter Weigl Senior VP of Brand Partnerships & Employee Representative Member of Supervisory Board 208.0K male
Thomas Sapper Employee Representative Member of Supervisory Board & Senior Director of Tech Project Management 128.1K male
Linda Evenhuis Emp Rep Member of Supervisory Board, Sen Lead Prog & Facilitation - EMEA, GCA, APAC of Global HR 96.9K female
Markus Morent Managing Director for Korea male
Aimee Arana Senior Vice President and GM of Global Product - Training, Running, Core Apparel & Accessories female
Jan Heinemann General Counsel
Sebastian Steffen Senior Vice President of Investor Relations & Corporate Communications male
Claudia Lange Senior Director of Media Relations female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits