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56.7330 EUR   +0.23%
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Analysis summary4-Traders Strategies 

adidas AG : Opportunity near a support

02/07/2013 | 03:35am
Opinion : Bullish above EUR 66.3
Target price : EUR 71
Stop loss: EUR 64.8

Adidas could regain its upward trend after having run out of steam.

The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year.

Following a bullish wave, the stock now shows a slight decline that should lead towards its EUR 66.3 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy adidas. The objective will be set at EUR 71 and the stop loss will be triggered below the EUR 66.3 support.

adidas AG : adidas AG : Opportunity near a support

© 2013

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Financial Ratios

Size 2014e 2015e
Capitalization 11 842 M€ -
Entreprise Value (EV) 11 660 M€ 11 721 M€
Valuation 2014e 2015e
PER (Price / EPS) 18,2x 16,2x
Capitalization / Revenue 0,81x 0,77x
EV / Revenue 0,79x 0,76x
EV / EBITDA 9,02x 8,47x
Yield (DPS / Price) 2,41% 2,57%
Profitability 2014e 2015e
Operating Margin (EBIT / Sales) 6,70% 6,92%
operating Leverage (Delta EBIT / Delta Sales) - 1,69x
Net Margin (Net Profit / Revenue) 4,59% 4,70%
ROA (Net Profit / Asset) 14,0% 8,80%
ROE (Net Profit / Equities) 11,5% 12,0%
Rate of Dividend 44,0% 41,6%
Balance Sheet Analysis 2014e 2015e
CAPEX / Sales   3,59% 3,28%
Cash Flow / Sales (Taux d'autofinancement) 6,27% 6,34%
Capital Intensity (Assets / Sales) 0,33x 0,53x
Financial Leverage (Net Debt / EBITDA) -0,14x -0,09x
Income Statement Evolution
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