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4-Traders Homepage  >  Equities  >  Xetra  >  Adidas AG    ADS   DE000A1EWWW0


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

© Zonebourse.com 2013

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Financial Ratios

Size 2015e 2016e
Capitalization 18 321 M€ -
Entreprise Value (EV) 18 921 M€ 19 141 M€
Valuation 2015e 2016e
P/E ratio (Price / EPS) 25,5x 22,1x
Capitalization / Revenue 1,10x 1,03x
EV / Revenue 1,14x 1,07x
EV / EBITDA 12,8x 12,0x
Yield (DPS / Price) 1,82% 2,00%
Price to book (Price / BVPS) 3,08x 2,91x
Profitability 2015e 2016e
Operating Margin (EBIT / Sales) 6,60% 6,63%
operating Leverage (Delta EBIT / Delta Sales) 1,69x 1,07x
Net Margin (Net Profit / Revenue) 4,20% 4,44%
ROA (Net Profit / Asset) 6,00% 6,55%
ROE (Net Profit / Equities) 12,5% 13,7%
Rate of Dividend 46,4% 44,4%
Balance Sheet Analysis 2015e 2016e
CAPEX / Sales   3,55% 3,47%
Cash Flow / Sales (Taux d'autofinancement) 5,57% 5,33%
Capital Intensity (Assets / Sales) 0,70x 0,68x
Financial Leverage (Net Debt / EBITDA) 0,41x 0,51x
Income Statement Evolution
More Financials
EPS Revisions