Added to YB: 2024-08-27
Pitch date: 2024-08-25
ADDYY [bullish]
adidas AG
-24.79%
current return
Author Info
No bio for this author
Company Info
adidas AG, together with its subsidiaries, designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally.
Market Cap
EUR 26.6B
Pitch Price
EUR 121.86
Price Target
243.00 (+165%)
Dividend
1.34%
EV/EBITDA
10.22
P/E
21.98
EV/Sales
1.27
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
adidas AG – A turnaround in the making (A Deep Dive)
ADDYY Buy: Turnaround underway w/ new CEO Gulden. Q2 sales +11% (16% ex-Yeezy), wholesale +17%. Margins/cash flow improving. FY24 guidance raised: high single-digit growth, €1B op profit. Analysts project 13.5% annual returns to 2026. Risks: competitive pressures, execution.
Read full article (16 min)