ADIDAS AG (ADS.DE) Stock Fundamental Analysis

FRA:ADS • DE000A1EWWW0

154.75 EUR
+0.95 (+0.62%)
Last: Feb 12, 2026, 03:44 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall ADS gets a fundamental rating of 4 out of 10. We evaluated ADS against 44 industry peers in the Textiles, Apparel & Luxury Goods industry. ADS has only an average score on both its financial health and profitability. ADS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ADS was profitable.
  • In the past year ADS had a positive cash flow from operations.
  • Of the past 5 years ADS 4 years were profitable.
  • ADS had a positive operating cash flow in 4 of the past 5 years.
ADS.DE Yearly Net Income VS EBIT VS OCF VS FCFADS.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

1.2 Ratios

  • ADS has a Return On Assets (6.05%) which is in line with its industry peers.
  • ADS has a better Return On Equity (21.39%) than 75.00% of its industry peers.
  • ADS has a Return On Invested Capital of 12.46%. This is in the better half of the industry: ADS outperforms 70.45% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ADS is significantly below the industry average of 13.15%.
  • The 3 year average ROIC (5.19%) for ADS is below the current ROIC(12.46%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.05%
ROE 21.39%
ROIC 12.46%
ROA(3y)2.1%
ROA(5y)3.58%
ROE(3y)8.19%
ROE(5y)11.88%
ROIC(3y)5.19%
ROIC(5y)6.3%
ADS.DE Yearly ROA, ROE, ROICADS.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

  • ADS has a Profit Margin of 4.94%. This is comparable to the rest of the industry: ADS outperforms 47.73% of its industry peers.
  • In the last couple of years the Profit Margin of ADS has declined.
  • ADS has a Operating Margin of 7.89%. This is in the lower half of the industry: ADS underperforms 61.36% of its industry peers.
  • In the last couple of years the Operating Margin of ADS has declined.
  • The Gross Margin of ADS (51.36%) is worse than 70.45% of its industry peers.
  • In the last couple of years the Gross Margin of ADS has remained more or less at the same level.
Industry RankSector Rank
OM 7.89%
PM (TTM) 4.94%
GM 51.36%
OM growth 3Y-17.1%
OM growth 5Y-14.1%
PM growth 3Y-31.34%
PM growth 5Y-17.34%
GM growth 3Y0.05%
GM growth 5Y-0.48%
ADS.DE Yearly Profit, Operating, Gross MarginsADS.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • ADS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, ADS has about the same amount of shares outstanding.
  • The number of shares outstanding for ADS has been reduced compared to 5 years ago.
  • Compared to 1 year ago, ADS has an improved debt to assets ratio.
ADS.DE Yearly Shares OutstandingADS.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
ADS.DE Yearly Total Debt VS Total AssetsADS.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 3.25 indicates that ADS is not in any danger for bankruptcy at the moment.
  • ADS's Altman-Z score of 3.25 is fine compared to the rest of the industry. ADS outperforms 61.36% of its industry peers.
  • ADS has a debt to FCF ratio of 14.32. This is a negative value and a sign of low solvency as ADS would need 14.32 years to pay back of all of its debts.
  • The Debt to FCF ratio of ADS (14.32) is worse than 72.73% of its industry peers.
  • ADS has a Debt/Equity ratio of 0.74. This is a neutral value indicating ADS is somewhat dependend on debt financing.
  • The Debt to Equity ratio of ADS (0.74) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 14.32
Altman-Z 3.25
ROIC/WACC1.84
WACC6.78%
ADS.DE Yearly LT Debt VS Equity VS FCFADS.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • ADS has a Current Ratio of 1.31. This is a normal value and indicates that ADS is financially healthy and should not expect problems in meeting its short term obligations.
  • ADS has a Current ratio of 1.31. This is in the lower half of the industry: ADS underperforms 70.45% of its industry peers.
  • ADS has a Quick Ratio of 1.31. This is a bad value and indicates that ADS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.71, ADS is doing worse than 65.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.31
Quick Ratio 0.71
ADS.DE Yearly Current Assets VS Current LiabilitesADS.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 731.34% over the past year.
  • Measured over the past years, ADS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -15.76% on average per year.
  • Looking at the last year, ADS shows a quite strong growth in Revenue. The Revenue has grown by 10.53% in the last year.
  • The Revenue has been growing slightly by 0.04% on average over the past years.
EPS 1Y (TTM)731.34%
EPS 3Y-17.56%
EPS 5Y-15.76%
EPS Q2Q%N/A
Revenue 1Y (TTM)10.53%
Revenue growth 3Y3.71%
Revenue growth 5Y0.04%
Sales Q2Q%1.86%

3.2 Future

  • The Earnings Per Share is expected to grow by 30.23% on average over the next years. This is a very strong growth
  • ADS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.45% yearly.
EPS Next Y80.51%
EPS Next 2Y59.82%
EPS Next 3Y44.22%
EPS Next 5Y30.23%
Revenue Next Year6.1%
Revenue Next 2Y7.08%
Revenue Next 3Y7.54%
Revenue Next 5Y7.45%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ADS.DE Yearly Revenue VS EstimatesADS.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
ADS.DE Yearly EPS VS EstimatesADS.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 5 10 15 20

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 36.58, the valuation of ADS can be described as expensive.
  • ADS's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 28.18. ADS is valued slightly more expensive when compared to this.
  • The Price/Forward Earnings ratio is 14.32, which indicates a correct valuation of ADS.
  • 77.27% of the companies in the same industry are more expensive than ADS, based on the Price/Forward Earnings ratio.
  • ADS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 36.58
Fwd PE 14.32
ADS.DE Price Earnings VS Forward Price EarningsADS.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ADS.
  • Based on the Price/Free Cash Flow ratio, ADS is valued a bit more expensive than 77.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 73.5
EV/EBITDA 9.84
ADS.DE Per share dataADS.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ADS's earnings are expected to grow with 44.22% in the coming years.
PEG (NY)0.45
PEG (5Y)N/A
EPS Next 2Y59.82%
EPS Next 3Y44.22%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.32%, ADS has a reasonable but not impressive dividend return.
  • ADS's Dividend Yield is comparable with the industry average which is at 2.21.
  • ADS's Dividend Yield is slightly below the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.32%

5.2 History

  • The dividend of ADS decreases each year by -26.93%.
Dividend Growth(5Y)-26.93%
Div Incr Years0
Div Non Decr Years2
ADS.DE Yearly Dividends per shareADS.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • 29.29% of the earnings are spent on dividend by ADS. This is a low number and sustainable payout ratio.
DP29.29%
EPS Next 2Y59.82%
EPS Next 3Y44.22%
ADS.DE Yearly Income VS Free CF VS DividendADS.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B
ADS.DE Dividend Payout.ADS.DE Dividend Payout, showing the Payout Ratio.ADS.DE Dividend Payout.PayoutRetained Earnings

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ADIDAS AG

FRA:ADS (2/12/2026, 3:44:17 PM)

154.75

+0.95 (+0.62%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)10-30
Earnings (Next)03-04
Inst Owners54.91%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap27.86B
Revenue(TTM)23.68B
Net Income(TTM)1.22B
Analysts80.57
Price Target228.91 (47.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.32%
Yearly Dividend0.7
Dividend Growth(5Y)-26.93%
DP29.29%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.21%
Min EPS beat(2)-3.88%
Max EPS beat(2)3.46%
EPS beat(4)3
Avg EPS beat(4)5.26%
Min EPS beat(4)-3.88%
Max EPS beat(4)15.64%
EPS beat(8)5
Avg EPS beat(8)1.66%
EPS beat(12)8
Avg EPS beat(12)13.15%
EPS beat(16)11
Avg EPS beat(16)9.67%
Revenue beat(2)0
Avg Revenue beat(2)-3.83%
Min Revenue beat(2)-5.34%
Max Revenue beat(2)-2.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.55%
Min Revenue beat(4)-5.34%
Max Revenue beat(4)2.63%
Revenue beat(8)2
Avg Revenue beat(8)-1.26%
Revenue beat(12)5
Avg Revenue beat(12)-0.62%
Revenue beat(16)6
Avg Revenue beat(16)-0.7%
PT rev (1m)-2.28%
PT rev (3m)-6.03%
EPS NQ rev (1m)12.45%
EPS NQ rev (3m)13.85%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-0.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.01%
Valuation
Industry RankSector Rank
PE 36.58
Fwd PE 14.32
P/S 1.13
P/FCF 73.5
P/OCF 30.58
P/B 4.89
P/tB 6.85
EV/EBITDA 9.84
EPS(TTM)4.23
EY2.73%
EPS(NY)10.81
Fwd EY6.98%
FCF(TTM)2.11
FCFY1.36%
OCF(TTM)5.06
OCFY3.27%
SpS137.22
BVpS31.66
TBVpS22.58
PEG (NY)0.45
PEG (5Y)N/A
Graham Number54.89
Profitability
Industry RankSector Rank
ROA 6.05%
ROE 21.39%
ROCE 17.7%
ROIC 12.46%
ROICexc 14.73%
ROICexgc 17.86%
OM 7.89%
PM (TTM) 4.94%
GM 51.36%
FCFM 1.53%
ROA(3y)2.1%
ROA(5y)3.58%
ROE(3y)8.19%
ROE(5y)11.88%
ROIC(3y)5.19%
ROIC(5y)6.3%
ROICexc(3y)6.53%
ROICexc(5y)8.63%
ROICexgc(3y)8.14%
ROICexgc(5y)10.85%
ROCE(3y)7.37%
ROCE(5y)8.95%
ROICexgc growth 3Y-9.6%
ROICexgc growth 5Y-13.31%
ROICexc growth 3Y-10.88%
ROICexc growth 5Y-12.05%
OM growth 3Y-17.1%
OM growth 5Y-14.1%
PM growth 3Y-31.34%
PM growth 5Y-17.34%
GM growth 3Y0.05%
GM growth 5Y-0.48%
F-Score7
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 14.32
Debt/EBITDA 1.34
Cap/Depr 45.32%
Cap/Sales 2.15%
Interest Coverage 8.36
Cash Conversion 29.17%
Profit Quality 31.09%
Current Ratio 1.31
Quick Ratio 0.71
Altman-Z 3.25
F-Score7
WACC6.78%
ROIC/WACC1.84
Cap/Depr(3y)45.61%
Cap/Depr(5y)45.44%
Cap/Sales(3y)2.57%
Cap/Sales(5y)2.65%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)731.34%
EPS 3Y-17.56%
EPS 5Y-15.76%
EPS Q2Q%N/A
EPS Next Y80.51%
EPS Next 2Y59.82%
EPS Next 3Y44.22%
EPS Next 5Y30.23%
Revenue 1Y (TTM)10.53%
Revenue growth 3Y3.71%
Revenue growth 5Y0.04%
Sales Q2Q%1.86%
Revenue Next Year6.1%
Revenue Next 2Y7.08%
Revenue Next 3Y7.54%
Revenue Next 5Y7.45%
EBIT growth 1Y115.84%
EBIT growth 3Y-14.03%
EBIT growth 5Y-14.07%
EBIT Next Year155.69%
EBIT Next 3Y51.76%
EBIT Next 5Y32.71%
FCF growth 1Y-70.96%
FCF growth 3Y-2.1%
FCF growth 5Y2.35%
OCF growth 1Y-49.25%
OCF growth 3Y-3.05%
OCF growth 5Y0.64%

ADIDAS AG / ADS.DE FAQ

What is the ChartMill fundamental rating of ADIDAS AG (ADS.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ADS.DE.


What is the valuation status for ADS stock?

ChartMill assigns a valuation rating of 4 / 10 to ADIDAS AG (ADS.DE). This can be considered as Fairly Valued.


What is the profitability of ADS stock?

ADIDAS AG (ADS.DE) has a profitability rating of 4 / 10.


What is the valuation of ADIDAS AG based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ADIDAS AG (ADS.DE) is 36.58 and the Price/Book (PB) ratio is 4.89.


Can you provide the dividend sustainability for ADS stock?

The dividend rating of ADIDAS AG (ADS.DE) is 3 / 10 and the dividend payout ratio is 29.29%.