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home / news releases / adidas ag likely overvalued at this time

ADDYY - adidas AG: Likely Overvalued At This Time

Adidas AG ADR - Level I

2024-03-16 23:04:27 ET

Summary

  • adidas AG's net sales and earnings have come under pressure in the last quarter.
  • The company is currently trading at a high EV/EBITDA ratio.
  • I do not take a bullish view on adidas AG at this time.

Investment Thesis: I take the view that adidas AG is likely overvalued at this time, given pressure on net sales and a high EV/EBITDA ratio....

For further details see:

adidas AG: Likely Overvalued At This Time
Stock Information
Company Name: Adidas AG ADR - Level I
Stock Symbol: ADDYY
Market: OTC
Website: adidas-group.com
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