Overall AS gets a fundamental rating of 4 out of 10. We evaluated AS against 45 industry peers in the Textiles, Apparel & Luxury Goods industry. AS has an average financial health and profitability rating. While showing a medium growth rate, AS is valued expensive at the moment.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year AS was profitable.
In the past year AS had a positive cash flow from operations.
AS had negative earnings in 4 of the past 5 years.
Of the past 5 years AS 4 years had a positive operating cash flow.

1.2 Ratios

AS's Return On Assets of 3.21% is in line compared to the rest of the industry. AS outperforms 55.56% of its industry peers.
AS has a Return On Equity (5.51%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 6.57%, AS perfoms like the industry average, outperforming 57.78% of the companies in the same industry.
AS had an Average Return On Invested Capital over the past 3 years of 4.01%. This is significantly below the industry average of 11.59%.
The last Return On Invested Capital (6.57%) for AS is above the 3 year average (4.01%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	3.21%
ROE	5.51%
ROIC	6.57%

ROA(3y)-1.61%

ROA(5y)N/A

ROE(3y)N/A

ROE(5y)N/A

ROIC(3y)4.01%

ROIC(5y)N/A

1.3 Margins

AS's Profit Margin of 5.10% is fine compared to the rest of the industry. AS outperforms 77.78% of its industry peers.
Looking at the Operating Margin, with a value of 10.51%, AS is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
In the last couple of years the Operating Margin of AS has grown nicely.
AS has a better Gross Margin (57.20%) than 66.67% of its industry peers.
AS's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	10.51%
PM (TTM)	5.1%
GM	57.2%

OM growth 3Y14.18%

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y4.11%

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AS is destroying value.
AS has more shares outstanding than it did 1 year ago.
The debt/assets ratio for AS has been reduced compared to a year ago.

2.2 Solvency

AS has an Altman-Z score of 4.33. This indicates that AS is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.33, AS belongs to the top of the industry, outperforming 82.22% of the companies in the same industry.
The Debt to FCF ratio of AS is 8.66, which is on the high side as it means it would take AS, 8.66 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.66, AS is in line with its industry, outperforming 46.67% of the companies in the same industry.
A Debt/Equity ratio of 0.26 indicates that AS is not too dependend on debt financing.
AS has a better Debt to Equity ratio (0.26) than 71.11% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.26
Debt/FCF	8.66
Altman-Z	4.33

ROIC/WACC0.89

WACC7.4%

2.3 Liquidity

AS has a Current Ratio of 1.51. This is a normal value and indicates that AS is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.51, AS is doing worse than 75.56% of the companies in the same industry.
A Quick Ratio of 0.70 indicates that AS may have some problems paying its short term obligations.
The Quick ratio of AS (0.70) is worse than 88.89% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.51
Quick Ratio	0.7

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 336.84% over the past year.
Looking at the last year, AS shows a very strong growth in Revenue. The Revenue has grown by 25.90%.
Measured over the past years, AS shows a quite strong growth in Revenue. The Revenue has been growing by 19.12% on average per year.

EPS 1Y (TTM)336.84%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%135.71%

Revenue 1Y (TTM)25.9%

Revenue growth 3Y19.12%

Revenue growth 5YN/A

Sales Q2Q%29.73%

3.2 Future

The Earnings Per Share is expected to grow by 43.01% on average over the next years. This is a very strong growth
AS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.69% yearly.

EPS Next Y117.47%

EPS Next 2Y64.72%

EPS Next 3Y51.24%

EPS Next 5Y43.01%

Revenue Next Year25.59%

Revenue Next 2Y20.85%

Revenue Next 3Y18.81%

Revenue Next 5Y16.69%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 44.13, AS can be considered very expensive at the moment.
AS's Price/Earnings ratio is a bit more expensive when compared to the industry. AS is more expensive than 64.44% of the companies in the same industry.
AS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.32.
Based on the Price/Forward Earnings ratio of 30.68, the valuation of AS can be described as expensive.
Based on the Price/Forward Earnings ratio, AS is valued a bit more expensive than 71.11% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AS to the average of the S&P500 Index (25.57), we can say AS is valued inline with the index average.

		Industry Rank	Sector Rank
PE	44.13
Fwd PE	30.68

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AS is valued a bit more expensive than 68.89% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AS indicates a slightly more expensive valuation: AS is more expensive than 62.22% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	93.97
EV/EBITDA	21.78

4.3 Compensation for Growth

AS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AS's earnings are expected to grow with 51.24% in the coming years.