Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, adidas AG's Enterprise Value is €44,570 Mil.
adidas AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €227 Mil. Therefore, adidas AG's EV-to-EBIT ratio for today is 196.34.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, adidas AG's Enterprise Value is €44,570 Mil.
adidas AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was €1,439 Mil. Therefore, adidas AG's EV-to-EBITDA ratio for today is 30.97.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, adidas AG's Enterprise Value is €44,570 Mil.
adidas AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was €21,427 Mil. Therefore, adidas AG's EV-to-Revenue ratio for today is 2.08.
adidas AG Enterprise Value Historical Data
The historical data trend for adidas AG's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of adidas AG's Enterprise Value
For the Footwear & Accessories subindustry, adidas AG's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
adidas AG's Enterprise Value Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Enterprise Value distribution charts can be found below:
* The bar in red indicates where adidas AG's Enterprise Value falls into.
adidas AG Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
adidas AG's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
adidas AG (XTER:ADS) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
adidas AG's current Enterprise Value is €44,570 Mil.
adidas AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €227 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
adidas AG's current Enterprise Value is €44,570 Mil.
adidas AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,439 Mil.
adidas AG's current Enterprise Value is €44,570 Mil.
adidas AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €21,427 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
adidas AG Enterprise Value Related Terms
Thank you for viewing the detailed overview of adidas AG's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.
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