It’s trading around 9.6% below our intrinsic value, which means if you buy adidas today, you’d be paying a reasonable price for it. And if you believe the company’s true value is €238.10, then there’s ...
The global sportswear industry has long been dominated by two companies: Nike and Adidas. Last year they accounted for 35% and 16%, respectively, of the $146bn in net sales generated by the 15 biggest ...