AMER SPORTS INC (AS) Fundamental Analysis & Valuation

NYSE:AS • KYG0260P1028

Current stock price

31.43 USD
-0.39 (-1.23%)
At close:
31.0704 USD
-0.36 (-1.14%)
After Hours:

This AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. AS Profitability Analysis

1.1 Basic Checks

  • AS had positive earnings in the past year.
  • In the past year AS had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: AS reported negative net income in multiple years.
  • AS had a positive operating cash flow in 4 of the past 5 years.
AS Yearly Net Income VS EBIT VS OCF VS FCFAS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.25%, AS is in the better half of the industry, outperforming 64.44% of the companies in the same industry.
  • AS's Return On Equity of 7.37% is in line compared to the rest of the industry. AS outperforms 53.33% of its industry peers.
  • The Return On Invested Capital of AS (5.16%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AS is significantly below the industry average of 11.67%.
  • The 3 year average ROIC (4.08%) for AS is below the current ROIC(5.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.25%
ROE 7.37%
ROIC 5.16%
ROA(3y)0.88%
ROA(5y)-0.43%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.08%
ROIC(5y)3.22%
AS Yearly ROA, ROE, ROICAS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 0 200 -200

1.3 Margins

  • With a decent Profit Margin value of 6.51%, AS is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 10.35%, AS is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • AS's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 57.63%, AS is in the better half of the industry, outperforming 68.89% of the companies in the same industry.
  • AS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 10.35%
PM (TTM) 6.51%
GM 57.63%
OM growth 3Y15.28%
OM growth 5Y12.83%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.06%
GM growth 5Y4.18%
AS Yearly Profit, Operating, Gross MarginsAS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 0 20 40

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4

2. AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AS is destroying value.
  • Compared to 1 year ago, AS has more shares outstanding
  • The debt/assets ratio for AS has been reduced compared to a year ago.
AS Yearly Shares OutstandingAS Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
AS Yearly Total Debt VS Total AssetsAS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • AS has an Altman-Z score of 3.93. This indicates that AS is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of AS (3.93) is better than 77.78% of its industry peers.
  • The Debt to FCF ratio of AS is 4.01, which is a neutral value as it means it would take AS, 4.01 years of fcf income to pay off all of its debts.
  • AS has a Debt to FCF ratio of 4.01. This is in the better half of the industry: AS outperforms 64.44% of its industry peers.
  • A Debt/Equity ratio of 0.25 indicates that AS is not too dependend on debt financing.
  • AS has a Debt to Equity ratio of 0.25. This is in the better half of the industry: AS outperforms 71.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.01
Altman-Z 3.93
ROIC/WACC0.69
WACC7.45%
AS Yearly LT Debt VS Equity VS FCFAS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.50 indicates that AS should not have too much problems paying its short term obligations.
  • AS's Current ratio of 1.50 is on the low side compared to the rest of the industry. AS is outperformed by 71.11% of its industry peers.
  • AS has a Quick Ratio of 1.50. This is a bad value and indicates that AS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of AS (0.76) is worse than 84.44% of its industry peers.
Industry RankSector Rank
Current Ratio 1.5
Quick Ratio 0.76
AS Yearly Current Assets VS Current LiabilitesAS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 2025 1B 2B 3B

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7

3. AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 120.45% over the past year.
  • Looking at the last year, AS shows a very strong growth in Revenue. The Revenue has grown by 27.10%.
  • AS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.83% yearly.
EPS 1Y (TTM)120.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%82.35%
Revenue 1Y (TTM)27.1%
Revenue growth 3Y22.77%
Revenue growth 5Y21.83%
Sales Q2Q%28.47%

3.2 Future

  • AS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.87% yearly.
  • AS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.05% yearly.
EPS Next Y23.8%
EPS Next 2Y25.27%
EPS Next 3Y24.15%
EPS Next 5Y25.87%
Revenue Next Year20.06%
Revenue Next 2Y17.14%
Revenue Next 3Y15.7%
Revenue Next 5Y15.05%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
AS Yearly Revenue VS EstimatesAS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
AS Yearly EPS VS EstimatesAS Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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2

4. AS Valuation Analysis

4.1 Price/Earnings Ratio

  • AS is valuated quite expensively with a Price/Earnings ratio of 32.40.
  • Compared to the rest of the industry, the Price/Earnings ratio of AS indicates a slightly more expensive valuation: AS is more expensive than 66.67% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 24.88. AS is valued slightly more expensive when compared to this.
  • A Price/Forward Earnings ratio of 26.17 indicates a quite expensive valuation of AS.
  • AS's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AS is 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 (22.19), we can say AS is valued inline with the index average.
Industry RankSector Rank
PE 32.4
Fwd PE 26.17
AS Price Earnings VS Forward Price EarningsAS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • AS's Enterprise Value to EBITDA 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.
  • Based on the Price/Free Cash Flow ratio, AS is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 41.8
EV/EBITDA 18.42
AS Per share dataAS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • AS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of AS may justify a higher PE ratio.
  • AS's earnings are expected to grow with 24.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.36
PEG (5Y)N/A
EPS Next 2Y25.27%
EPS Next 3Y24.15%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. AS Dividend Analysis

5.1 Amount

  • No dividends for AS!.
Industry RankSector Rank
Dividend Yield 0%

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AS Fundamentals: All Metrics, Ratios and Statistics

AMER SPORTS INC

NYSE:AS (3/27/2026, 8:04:00 PM)

After market: 31.0704 -0.36 (-1.14%)

31.43

-0.39 (-1.23%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-24
Earnings (Next)05-11
Inst Owners33.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner Change0%
Market Cap18.27B
Revenue(TTM)6.57B
Net Income(TTM)427.40M
Analysts84.67
Price Target47.77 (51.99%)
Short Float %5.55%
Short Ratio2.21
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.02%
Min EPS beat(2)7.65%
Max EPS beat(2)28.39%
EPS beat(4)4
Avg EPS beat(4)56.66%
Min EPS beat(4)7.65%
Max EPS beat(4)119.82%
EPS beat(8)7
Avg EPS beat(8)87.02%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.94%
Min Revenue beat(2)-0.27%
Max Revenue beat(2)2.14%
Revenue beat(4)3
Avg Revenue beat(4)1.7%
Min Revenue beat(4)-0.27%
Max Revenue beat(4)3.26%
Revenue beat(8)6
Avg Revenue beat(8)1.31%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.59%
PT rev (3m)1.78%
EPS NQ rev (1m)-9.52%
EPS NQ rev (3m)-8.28%
EPS NY rev (1m)0.53%
EPS NY rev (3m)0.87%
Revenue NQ rev (1m)3.57%
Revenue NQ rev (3m)4.15%
Revenue NY rev (1m)3.26%
Revenue NY rev (3m)3.34%
Valuation
Industry RankSector Rank
PE 32.4
Fwd PE 26.17
P/S 2.78
P/FCF 41.8
P/OCF 25.04
P/B 3.15
P/tB 26.8
EV/EBITDA 18.42
EPS(TTM)0.97
EY3.09%
EPS(NY)1.2
Fwd EY3.82%
FCF(TTM)0.75
FCFY2.39%
OCF(TTM)1.26
OCFY3.99%
SpS11.29
BVpS9.98
TBVpS1.17
PEG (NY)1.36
PEG (5Y)N/A
Graham Number14.76
Profitability
Industry RankSector Rank
ROA 4.25%
ROE 7.37%
ROCE 8.65%
ROIC 5.16%
ROICexc 5.62%
ROICexgc 19.44%
OM 10.35%
PM (TTM) 6.51%
GM 57.63%
FCFM 6.66%
ROA(3y)0.88%
ROA(5y)-0.43%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.08%
ROIC(5y)3.22%
ROICexc(3y)4.38%
ROICexc(5y)3.46%
ROICexgc(3y)16.92%
ROICexgc(5y)14.68%
ROCE(3y)6.84%
ROCE(5y)5.4%
ROICexgc growth 3Y18.27%
ROICexgc growth 5YN/A
ROICexc growth 3Y34.72%
ROICexc growth 5YN/A
OM growth 3Y15.28%
OM growth 5Y12.83%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.06%
GM growth 5Y4.18%
F-Score7
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.01
Debt/EBITDA 1.37
Cap/Depr 76.18%
Cap/Sales 4.46%
Interest Coverage 7.09
Cash Conversion 68.6%
Profit Quality 102.27%
Current Ratio 1.5
Quick Ratio 0.76
Altman-Z 3.93
F-Score7
WACC7.45%
ROIC/WACC0.69
Cap/Depr(3y)83.36%
Cap/Depr(5y)73.74%
Cap/Sales(3y)4.49%
Cap/Sales(5y)4.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)120.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%82.35%
EPS Next Y23.8%
EPS Next 2Y25.27%
EPS Next 3Y24.15%
EPS Next 5Y25.87%
Revenue 1Y (TTM)27.1%
Revenue growth 3Y22.77%
Revenue growth 5Y21.83%
Sales Q2Q%28.47%
Revenue Next Year20.06%
Revenue Next 2Y17.14%
Revenue Next 3Y15.7%
Revenue Next 5Y15.05%
EBIT growth 1Y53.99%
EBIT growth 3Y41.52%
EBIT growth 5Y37.47%
EBIT Next Year67.13%
EBIT Next 3Y33.29%
EBIT Next 5Y25.51%
FCF growth 1Y219.75%
FCF growth 3YN/A
FCF growth 5Y18%
OCF growth 1Y71.84%
OCF growth 3YN/A
OCF growth 5Y19.63%

AMER SPORTS INC / AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for AMER SPORTS INC?

ChartMill assigns a fundamental rating of 5 / 10 to AS.


What is the valuation status for AS stock?

ChartMill assigns a valuation rating of 2 / 10 to AMER SPORTS INC (AS). This can be considered as Overvalued.


Can you provide the profitability details for AMER SPORTS INC?

AMER SPORTS INC (AS) has a profitability rating of 6 / 10.


What is the expected EPS growth for AMER SPORTS INC (AS) stock?

The Earnings per Share (EPS) of AMER SPORTS INC (AS) is expected to grow by 23.8% in the next year.