ADIDAS AG ● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths
● The share is getting closer to its long-term support in weekly data, at EUR 172.2, which offers good timing for buyers.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
Weaknesses
● The company's earnings releases usually do not meet expectations.
● With a 2018 P/E ratio at 22.17 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
