Added to YB: 2025-05-27
Pitch date: 2025-05-24
ADS.DE [bullish]
adidas AG
-28.82%
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 218.10
Price Target
322.00 (+107%)
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 – The Best Turnaround Story in Europe? I see Room for 17% annualized returns
ADS.DE: Adidas in turnaround led by rockstar CEO Gulden. Q1 rev +17% YoY excluding Yeezy, capturing market share from Nike globally. Footwear sales +17%, strength across all regions. Tariff impacts overblown (only 5% of US sales from China). Target €322 by 2027 (17% CAGR) on 28x P/E vs PEG 0.7x. Balance sheet has net debt position.
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