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adidas AG (ADDYY)

For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

adidas AG (ADDYY) with AI Score 47/100 (Weak). adidas AG designs, develops, and markets athletic and sports lifestyle products globally, including footwear, apparel, and accessories. Market cap: 0, Sector: Consumer cyclical.

Last analyzed: Mar 15, 2026
adidas AG designs, develops, and markets athletic and sports lifestyle products globally, including footwear, apparel, and accessories. The company distributes its products through its own retail stores, franchise stores, wholesale channels, and e-commerce platforms.
47/100 AI Score

adidas AG (ADDYY) Consumer Business Overview

CEOBjorn Gulden
Employees46045
HeadquartersHerzogenaurach, DE
IPO Year2006

adidas AG is a global leader in athletic and sports lifestyle products, offering footwear, apparel, and accessories. With a strong brand presence and distribution network, including retail stores and e-commerce, adidas competes in the dynamic apparel and footwear industry, balancing innovation with market trends.

Data Provenance | Financial Data Quantitative Analysis NASDAQ Analysis: Mar 15, 2026

Investment Thesis

adidas AG presents a compelling investment case based on its established brand, global reach, and diverse product portfolio. With a market capitalization of $28.36 billion and a P/E ratio of 18.53, the company demonstrates financial stability. A key value driver is its strong brand equity, which supports premium pricing and customer loyalty. Growth catalysts include expanding e-commerce channels and strategic partnerships. Potential risks include fluctuating currency exchange rates and intense competition within the athletic apparel market. The company's dividend yield of 1.44% offers a steady return for investors. Monitoring gross margin (51.6%) and profit margin (5.4%) is crucial to assess profitability and operational efficiency.

Based on FMP financials and quantitative analysis

Key Highlights

  • Market capitalization of $28.36 billion reflects substantial investor confidence in adidas AG.
  • P/E ratio of 18.53 indicates a reasonable valuation relative to earnings.
  • Gross margin of 51.6% demonstrates strong pricing power and efficient cost management.
  • Dividend yield of 1.44% provides a steady income stream for shareholders.
  • Beta of 1.20 suggests the stock is slightly more volatile than the overall market.

Competitors & Peers

Strengths

  • Strong brand recognition and reputation
  • Global distribution network
  • Extensive product portfolio
  • Innovative product design and technology

Weaknesses

  • Dependence on fashion trends
  • Exposure to currency fluctuations
  • Intense competition
  • Potential supply chain disruptions

Catalysts

  • Ongoing: Expansion of e-commerce channels to drive direct-to-consumer sales and improve margins.
  • Upcoming: Launch of new product lines featuring innovative technologies and sustainable materials in Q3 2026.
  • Ongoing: Strategic partnerships with key athletes and celebrities to enhance brand visibility and drive sales.
  • Upcoming: Expansion into new emerging markets in Asia-Pacific and Latin America by the end of 2026.
  • Ongoing: Investments in research and development to create cutting-edge athletic apparel and footwear.

Risks

  • Potential: Fluctuations in currency exchange rates could negatively impact revenue and profitability.
  • Ongoing: Intense competition in the athletic apparel and footwear market could erode market share.
  • Potential: Supply chain disruptions could impact production and distribution.
  • Ongoing: Changing consumer preferences and fashion trends could impact product demand.
  • Potential: Economic downturns could reduce consumer spending on discretionary items.

Growth Opportunities

  • Expansion of E-commerce Channels: adidas can further enhance its e-commerce presence to capture a larger share of the online retail market. The global e-commerce market is projected to reach trillions of dollars in the coming years, offering significant growth potential. By investing in digital marketing, improving the online shopping experience, and offering personalized product recommendations, adidas can drive online sales and increase customer engagement. This strategy allows for direct-to-consumer sales, improving margins and brand control.
  • Strategic Partnerships and Collaborations: Collaborating with influential athletes, celebrities, and designers can create exclusive product lines and generate significant buzz. These partnerships can drive brand awareness, attract new customers, and increase sales. The market for limited-edition and collaborative products is substantial, with consumers willing to pay a premium for unique items. By carefully selecting partners who align with its brand values, adidas can leverage these collaborations to enhance its brand image and drive revenue growth.
  • Focus on Sustainable Products: Increasing consumer demand for sustainable and eco-friendly products presents a significant growth opportunity for adidas. By incorporating recycled materials, reducing waste, and promoting ethical manufacturing practices, adidas can appeal to environmentally conscious consumers. The market for sustainable apparel and footwear is growing rapidly, driven by increasing awareness of environmental issues. This allows adidas to tap into a new market segment and enhance its brand reputation.
  • Emerging Markets Expansion: Expanding into emerging markets, such as Asia-Pacific and Latin America, offers significant growth potential for adidas. These markets are characterized by growing populations, rising disposable incomes, and increasing demand for athletic apparel and footwear. By establishing a strong presence in these regions, adidas can tap into new customer bases and drive revenue growth. This includes tailoring products to local preferences and investing in marketing campaigns that resonate with local consumers.
  • Product Innovation and Technology: Investing in research and development to create innovative products with advanced technologies can provide a competitive edge for adidas. This includes developing footwear with enhanced cushioning, apparel with moisture-wicking properties, and accessories with smart features. The market for technologically advanced athletic products is growing, driven by increasing demand for performance-enhancing gear. This allows adidas to differentiate its products from competitors and attract customers seeking the latest innovations.

Opportunities

  • Expansion into emerging markets
  • Growth of e-commerce channels
  • Increasing demand for sustainable products
  • Strategic partnerships and collaborations

Threats

  • Economic downturns
  • Changing consumer preferences
  • Counterfeit products
  • Geopolitical risks

Competitive Advantages

  • Strong brand recognition and reputation.
  • Global distribution network.
  • Extensive product portfolio.
  • Strategic partnerships with athletes and celebrities.

About ADDYY

adidas AG, founded in 1920, has evolved into a global powerhouse in the athletic and sports lifestyle market. Originally known as adidas-Salomon AG, the company rebranded to adidas AG in 2006. Headquartered in Herzogenaurach, Germany, adidas designs, develops, distributes, and markets a wide range of products, including footwear, apparel, and accessories. Its product portfolio encompasses items such as shoes, clothing, bags, and sports equipment, all bearing the iconic adidas brand. The company reaches consumers through a multi-channel distribution network, including approximately 2,200 own-retail stores, mono-branded franchise stores, shop-in-shops, wholesale partners, and a robust e-commerce platform. adidas's commitment to innovation and design has solidified its position as a key player in the global sportswear industry, competing with major brands and catering to athletes and lifestyle enthusiasts worldwide. The company employs over 46,000 people and operates in numerous countries, reflecting its global reach and influence.

What They Do

  • Designs and develops athletic and sports lifestyle products.
  • Manufactures footwear, apparel, and accessories.
  • Distributes products through own-retail stores, franchise stores, and wholesale channels.
  • Markets products under the adidas brand.
  • Sells products through e-commerce platforms.
  • Operates globally, serving customers in numerous countries.

Business Model

  • Designs and manufactures athletic and sports lifestyle products.
  • Sells products through a multi-channel distribution network, including retail stores, wholesale partners, and e-commerce.
  • Generates revenue through the sale of footwear, apparel, and accessories.
  • Focuses on brand building and marketing to drive customer demand.

Industry Context

adidas AG operates in the highly competitive apparel, footwear, and accessories industry. The market is characterized by evolving consumer preferences, rapid innovation, and intense rivalry among major players. The global sportswear market is expected to continue growing, driven by increasing health and fitness awareness, rising disposable incomes, and the growing popularity of athleisure trends. adidas competes with other major brands like Nike, Puma, and Under Armour, each vying for market share through product innovation, marketing, and strategic partnerships. adidas's strong brand heritage and global distribution network position it well to capitalize on these trends.

Key Customers

  • Athletes of all levels, from amateur to professional.
  • Sports enthusiasts and fans.
  • Lifestyle consumers seeking fashionable athletic apparel.
  • Retail partners, including sporting goods stores and department stores.
AI Confidence: 72% Updated: Mar 15, 2026

Financials

Chart & Info

adidas AG (ADDYY) stock price: Price data unavailable

Latest News

Analyst Consensus

Consensus Rating

Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ADDYY.

Price Targets

Wall Street price target analysis for ADDYY.

MoonshotScore

47/100

What does this score mean?

The MoonshotScore rates ADDYY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.

Leadership: Bjorn Gulden

CEO

Bjorn Gulden is the CEO of adidas AG, bringing extensive experience in the sporting goods and apparel industry. Prior to joining adidas, he served as the CEO of Puma, where he oversaw a period of significant growth and brand revitalization. Gulden has also held leadership positions at Deichmann, Europe's largest footwear retailer, and has a background as a professional football player. His experience spans various aspects of the industry, from retail to brand management.

Track Record: Since becoming CEO of adidas AG, Bjorn Gulden has focused on enhancing the company's brand image, driving innovation, and improving operational efficiency. Key initiatives include strengthening relationships with athletes and celebrities, expanding the company's e-commerce presence, and investing in sustainable products. Gulden's leadership aims to position adidas for long-term growth and success in the competitive global sportswear market.

adidas AG ADR Information Unsponsored

An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company that trades on U.S. stock exchanges. ADDYY is an ADR for adidas AG, allowing U.S. investors to invest in the German company without the complexities of cross-border transactions. Each ADDYY share represents a specific number of adidas AG shares traded on its home market.

  • Home Market Ticker: Frankfurt Stock Exchange (ADDY) in Germany
  • ADR Level: 1
  • ADR Ratio: 1:1
  • Home Market Ticker: ADDY
Currency Risk: Investing in ADDYY exposes U.S. investors to currency risk, as the value of the ADR is affected by fluctuations in the Euro (EUR) against the U.S. Dollar (USD). If the Euro weakens against the Dollar, the value of ADDYY may decrease, even if the underlying adidas AG shares remain stable in Euro terms. Investors may want to evaluate this currency risk when evaluating the potential returns from ADDYY.
Tax Implications: Dividends paid on ADDYY shares are subject to foreign dividend withholding tax in Germany. The standard withholding tax rate is typically 26.375%, but this may be reduced under tax treaties between the U.S. and Germany. U.S. investors may be able to claim a foreign tax credit on their U.S. tax return for the amount of foreign tax withheld.
Trading Hours: Trading hours for ADDYY on the OTC market may differ from the trading hours of adidas AG shares on the Frankfurt Stock Exchange. The Frankfurt Stock Exchange typically operates from 9:00 AM to 5:30 PM Central European Time (CET), while the U.S. OTC market operates during standard U.S. trading hours. This difference in trading hours can impact the timing of price movements and trading opportunities.

ADDYY OTC Market Information

The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market, indicating that adidas AG (ADDYY) has limited regulatory requirements and reporting standards compared to companies listed on major exchanges like the NYSE or NASDAQ. Companies in this tier may not be required to file regular financial reports with the SEC, leading to less transparency and potentially higher risks for investors. The OTC Other tier generally includes companies with limited operating history, smaller market capitalization, or those that do not meet the listing requirements of higher-tier exchanges.

  • OTC Tier: OTC Other
  • Disclosure Status: Unknown
Liquidity: Liquidity for ADDYY on the OTC market may be limited, resulting in lower trading volumes and wider bid-ask spreads compared to stocks listed on major exchanges. This can make it more difficult for investors to buy or sell large quantities of ADDYY shares without significantly impacting the price. Investors should be aware of the potential for price volatility and consider using limit orders to manage their risk.
OTC Risk Factors:
  • Limited regulatory oversight and reporting requirements.
  • Potential for information asymmetry and lack of transparency.
  • Lower trading volumes and wider bid-ask spreads.
  • Increased price volatility.
  • Higher risk of fraud or manipulation.
Due Diligence Checklist:
  • Verify the company's registration and legal status.
  • Review available financial reports and disclosures.
  • Assess the company's business model and competitive landscape.
  • Evaluate the management team and their track record.
  • Check for any legal or regulatory issues.
  • Monitor trading activity and price movements.
  • Consult with a qualified financial advisor.
Legitimacy Signals:
  • Established brand reputation and global presence.
  • History of operations and financial performance.
  • Availability of company information through official channels.
  • Presence of reputable management team.
  • Compliance with applicable laws and regulations.

What Investors Ask About adidas AG (ADDYY)

What does adidas AG do?

adidas AG is a global leader in the design, development, and marketing of athletic and sports lifestyle products. The company offers a wide range of footwear, apparel, and accessories under the adidas brand. Its products are sold through a multi-channel distribution network, including own-retail stores, franchise stores, wholesale partners, and e-commerce platforms. adidas focuses on innovation, brand building, and strategic partnerships to maintain its competitive position in the global sportswear market, catering to athletes and lifestyle consumers worldwide.

What do analysts say about ADDYY stock?

Analyst consensus on ADDYY stock is mixed, reflecting the competitive nature of the athletic apparel industry and the company's exposure to currency fluctuations. Key valuation metrics, such as the P/E ratio and dividend yield, are closely monitored to assess the stock's attractiveness. Growth considerations include the company's expansion into emerging markets, its investments in e-commerce, and its focus on sustainable products. Analysts also consider potential risks, such as supply chain disruptions and changing consumer preferences. The stock's beta of 1.20 suggests it is slightly more volatile than the overall market.

What are the main risks for ADDYY?

The main risks for ADDYY include currency fluctuations, intense competition, supply chain disruptions, and changing consumer preferences. Currency fluctuations can impact revenue and profitability, as adidas operates globally and generates revenue in multiple currencies. Intense competition in the athletic apparel and footwear market can erode market share and pressure margins. Supply chain disruptions can impact production and distribution, leading to lost sales and increased costs. Changing consumer preferences and fashion trends can impact product demand, requiring adidas to continuously innovate and adapt its product offerings.

What are the key factors to evaluate for ADDYY?

adidas AG (ADDYY) currently holds an AI score of 47/100, indicating low score. Key strength: Strong brand recognition and reputation. Primary risk to monitor: Potential: Fluctuations in currency exchange rates could negatively impact revenue and profitability.. This is not financial advice.

How frequently does ADDYY data refresh on this page?

ADDYY prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.

What has driven ADDYY's recent stock price performance?

Recent price movement in adidas AG (ADDYY) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Strong brand recognition and reputation. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.

Should investors consider ADDYY overvalued or undervalued right now?

Determining whether adidas AG (ADDYY) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.

What research should beginners do before buying ADDYY?

Before investing in adidas AG (ADDYY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated AI Score refreshed daily
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .

Data provided for informational purposes only.

Analysis Notes
  • Financial data and market information are based on available sources and may be subject to change.
  • This analysis is for informational purposes only and does not constitute investment advice.
Data Sources

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