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MarketScreener Homepage  >  Equities  >  Xetra  >  Adidas AG    ADS   DE000A1EWWW0

ADIDAS AG

(ADS)
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adidas : Buyers are coming back

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06/27/2019 | 12:59am EDT
long trade
Target price hit
Entry price : 272.1€ | Target : 305€ | Stop-loss : 251€ | Potential : 12.09%
The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in adidas. The upward movement can be expected to continue.
Investors have an opportunity to buy the stock and target the € 305.
adidas : adidas : Buyers are coming back
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • The group's high margin levels account for strong profits.
  • There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
  • The stock is in a well-established, long-term rising trend above the technical support level at 229.2 EUR

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • Technically, the stock approaches a strong medium-term resistance at EUR 273.3.
  • With a 2019 P/E ratio at 27 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
  • The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

Ulrich Ebensperger
© Zonebourse.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (EUR)
Sales 2020 23 569 M
EBIT 2020 2 353 M
Net income 2020 1 687 M
Finance 2020 475 M
Yield 2020 1,93%
P/E ratio 2020 24,2x
P/E ratio 2021 18,4x
EV / Sales2020 1,71x
EV / Sales2021 1,53x
Capitalization 40 749 M
Upcoming event on ADIDAS AG
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 252,32  €
Last Close Price 208,95  €
Spread / Highest target 57,9%
Spread / Average Target 20,8%
Spread / Lowest Target -24,1%
EPS Revisions
Managers
NameTitle
Kasper Bo Rørsted Chief Executive Officer
Igor Landau Chairman-Supervisory Board
Martin Shankland Head-Global Operations
Harm Ohlmeyer Chief Financial Officer
Herbert Kauffmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS AG-27.90%45 181
NIKE, INC.-17.85%129 620
ANTA SPORTS PRODUCTS LIMITED5.71%20 147
PUMA SE-18.14%9 277
SKECHERS U.S.A., INC.-42.58%3 891
DECKERS OUTDOOR CORPORATION-21.18%3 725