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adidas AG (ADI) Fair Value & Analysis

Consumer Cyclical · CA · Market cap C$1.3B

AA adidas AG ADI · NEO
PriceC$7.08
Fair ValueC$165.36
Upside+2,235.6%
Quality93/100
Evidence: Low Range C$87.87 – C$265.00

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from C$165.79 to C$165.36 (−0.3%) since Jun 23, 2026. Share price +18.6% over the past month.

Price vs Fair Value (12 months)

C$8.38 C$5.34 Fair Value C$165.36 Jun 2025 Jun 2026

12‑month range C$5.34 – C$8.38 · fair‑value band C$87.87 – C$265.00 · the C$7.08 price screens below the C$165.36 fair value. As of Jun 24, 2026.

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Analysis

adidas AG (ADI) currently trades at C$7.08, while our model-based Fair Value estimate is C$165.36 — implying the stock looks roughly 2,235.6% undervalued today. We read business quality at 93/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, adidas AG generated revenue of C$25.3B at a net margin of 5.5%. Revenue grew 7.1% year over year. It earns a return on equity of 22.9%. Net debt stands at C$1.3B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) C$25.3B
Revenue growth (YoY) +7.1%
Net margin 5.5%
Return on equity 22.9%
Free cash flow C$274M FY2025
P/E ratio 0.6
More key figures
Operating margin 10.7%
EPS (TTM) C$12.51
EPS growth (YoY) +13.3%
Net debt C$1.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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. The company offers footwear and apparel, as well as accessories and gear, including bags, balls, sunglasses, and fitness equipment under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand. It sells its products through its own retail stores, mono-branded franchise stores, shop-in-shops, joint ventures with retail partners, and co-branded stores, as well as through its wholesale and e-commerce platforms. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

adidas AG reported revenue of C$24.8B in FY2025 versus C$21.2B in FY2021, a compound +4.0%/yr. Reported net income was C$1.3B in FY2025, compounding −10.8%/yr from FY2021.

Revenue +4.0%/yr
FY21 C$21.2B
FY22 C$22.5B
FY23 C$21.4B
FY24 C$23.7B
FY25 C$24.8B
Net income −10.8%/yr
FY21 C$2.1B
FY22 C$612M
FY23 −C$75.0M
FY24 C$764M
FY25 C$1.3B

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Similar stocks

6 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE €37.34 €45.62 +22%
ASICS Corporation ASCCY $26.56 $19.43 -27%
Deckers Outdoor Corporation DECK $105.57 $172.88 +64%
On Holding ONON $38.32 $21.64 -44%
Zhejiang China Commodities City Group 600415 ¥10.63 ¥18.58 +75%
Birkenstock Holding BIRK $43.30 $41.67 -4%

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Frequently asked questions

Is adidas AG (ADI) undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$165.36 versus a price of C$7.08 — about +2236% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ADI?
Our 21-model fair value for adidas AG is C$165.36 (as of Jun 24, 2026), built from audited fundamentals. The current price is C$7.08.
What is the quality score of ADI?
adidas AG has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of adidas AG (ADI)?
adidas AG reported trailing-twelve-month revenue of about C$25.3B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ADI?
The net profit margin of adidas AG is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.