AS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 45 industry peers in the Textiles, Apparel & Luxury Goods industry. AS has only an average score on both its financial health and profitability. While showing a medium growth rate, AS is valued expensive at the moment.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

AS had positive earnings in the past year.
AS had a positive operating cash flow in the past year.
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 has a Return On Assets of 3.21%. This is comparable to the rest of the industry: AS outperforms 55.56% of its industry peers.
AS's Return On Equity of 5.51% is in line compared to the rest of the industry. AS outperforms 46.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.57%, AS is in line with its industry, 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 3 year average ROIC (4.01%) for AS is below the current ROIC(6.57%), indicating increased profibility in the last year.

		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

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

AS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AS has more shares outstanding than it did 1 year ago.
AS has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 4.41 indicates that AS is not in any danger for bankruptcy at the moment.
AS's Altman-Z score of 4.41 is fine compared to the rest of the industry. AS outperforms 80.00% of its industry peers.
AS has a debt to FCF ratio of 8.66. This is a slightly negative value and a sign of low solvency as AS would need 8.66 years to pay back of all of its debts.
AS has a Debt to FCF ratio of 8.66. This is comparable to the rest of the industry: AS outperforms 46.67% of its industry peers.
AS has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.26, AS is in the better half of the industry, outperforming 71.11% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.26
Debt/FCF	8.66
Altman-Z	4.41

ROIC/WACC0.89

WACC7.41%

2.3 Liquidity

A Current Ratio of 1.51 indicates that AS should not have too much problems paying its short term obligations.
The Current ratio of AS (1.51) is worse than 73.33% of its industry peers.
AS has a Quick Ratio of 1.51. This is a bad value and indicates that AS is not financially healthy enough and could expect problems in meeting its short term obligations.
AS has a worse Quick ratio (0.70) 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

AS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 336.84%, which is quite impressive.
The Revenue has grown by 25.90% in the past year. This is a very strong growth!
The Revenue has been growing by 19.12% on average over the past years. This is quite good.

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

Based on estimates for the next years, AS will show a very strong growth in Earnings Per Share. The EPS will grow by 43.01% on average per year.
Based on estimates for the next years, AS will show a quite strong growth in Revenue. The Revenue will grow by 16.69% on average per year.

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 45.63, AS can be considered very expensive at the moment.
64.44% of the companies in the same industry are cheaper than AS, based on the Price/Earnings ratio.
AS is valuated expensively when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 31.72, AS can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, AS is valued a bit more expensive than the industry average as 71.11% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, AS is valued a bit more expensive.

		Industry Rank	Sector Rank
PE	45.63
Fwd PE	31.72

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 68.89% of the companies in the same industry.
62.22% of the companies in the same industry are cheaper than AS, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	97.15
EV/EBITDA	22.39

4.3 Compensation for Growth

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