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OFFON

ADIDAS AG

(ADS)
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adidas : Buyers are coming back

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.

ę MarketScreener.com 2019
Stocks mentioned in the article
ChangeLast1st jan.
ADIDAS AG -1.63% 287.1 Delayed Quote.-3.63%
AMP LIMITED 1.63% 1.245 End-of-day quote.-20.19%
BYD COMPANY LIMITED 4.22% 232.4 End-of-day quote.14.37%

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
Sales 2021 21 657 M 25 683 M 25 683 M
Net income 2021 1 481 M 1 756 M 1 756 M
Net cash 2021 643 M 763 M 763 M
P/E ratio 2021 38,0x
Yield 2021 1,13%
Capitalization 55 994 M 66 383 M 66 404 M
EV / Sales 2021 2,56x
EV / Sales 2022 2,32x
Nbr of Employees 54 722
Free-Float 86,9%
Upcoming event on ADIDAS AG
06/30/21
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 312,57 €
Last Close Price 287,10 €
Spread / Highest target 26,4%
Spread / Average Target 8,87%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Kasper Bo R°rsted Chief Executive Officer
Harm Ohlmeyer Chief Financial Officer & Labor Director
Thomas Hermann Rabe Chairman-Supervisory Board
Martin Shankland Head-Global Operations
Herbert Kauffmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS AG-3.63%66 383
NIKE, INC.-9.23%202 884
FENG TAY ENTERPRISES CO., LTD.15.79%7 321
KINGNET NETWORK CO., LTD.-0.21%1 563
361 DEGREES INTERNATIONAL LIMITED281.48%1 097
HWASEUNG ENTERPRISE CO., LTD.21.13%917