AMER SPORTS INC (AS) Fundamental Analysis & Valuation

NYSE:AS • KYG0260P1028

Current stock price

35.84 USD
-0.03 (-0.08%)
At close:
35.47 USD
-0.37 (-1.03%)
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

  • In the past year AS was profitable.
  • AS had a positive operating cash flow in the past year.
  • 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

  • AS has a Return On Assets of 4.25%. This is in the better half of the industry: AS outperforms 66.67% of its industry peers.
  • AS has a Return On Equity (7.37%) which is in line with its industry peers.
  • AS has a Return On Invested Capital (5.16%) which is in line with its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AS is significantly below the industry average of 9.53%.
  • The last Return On Invested Capital (5.16%) for AS is above the 3 year average (4.08%), which is a sign of increasing profitability.
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

  • AS has a better Profit Margin (6.51%) than 80.00% of its industry peers.
  • 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.
  • AS has a Gross Margin of 57.63%. This is in the better half of the industry: AS outperforms 73.33% of its industry peers.
  • 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

  • AS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for AS has been increased compared to 1 year ago.
  • Compared to 1 year ago, AS has an improved debt to assets ratio.
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

  • An Altman-Z score of 4.26 indicates that AS is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 4.26, AS is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • AS has a debt to FCF ratio of 4.01. This is a neutral value as AS would need 4.01 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.01, AS is in the better half of the industry, outperforming 68.89% of the companies in the same industry.
  • AS has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.25, AS is doing good in the industry, outperforming 71.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.01
Altman-Z 4.26
ROIC/WACC0.67
WACC7.64%
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

  • AS has a Current Ratio of 1.50. This is a normal value and indicates that AS is financially healthy and should not expect problems in meeting its short term obligations.
  • AS has a Current ratio of 1.50. This is in the lower half of the industry: AS underperforms 77.78% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. AS Growth Analysis

3.1 Past

  • AS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 120.45%, which is quite impressive.
  • The Revenue has grown by 27.10% in the past year. This is a very strong growth!
  • 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.
  • The Revenue is expected to grow by 15.05% on average over the next years. This is quite good.
EPS Next Y25.06%
EPS Next 2Y25.39%
EPS Next 3Y24.29%
EPS Next 5Y25.87%
Revenue Next Year20.25%
Revenue Next 2Y17.29%
Revenue Next 3Y15.95%
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

  • Based on the Price/Earnings ratio of 36.95, the valuation of AS can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of AS indicates a slightly more expensive valuation: AS is more expensive than 68.89% of the companies listed in the same industry.
  • AS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.42.
  • A Price/Forward Earnings ratio of 29.54 indicates a quite expensive valuation of AS.
  • Based on the Price/Forward Earnings ratio, AS is valued a bit more expensive than 71.11% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. AS is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 36.95
Fwd PE 29.54
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AS indicates a slightly more expensive valuation: AS is more expensive than 71.11% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AS is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 47.67
EV/EBITDA 20.64
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 24.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.47
PEG (5Y)N/A
EPS Next 2Y25.39%
EPS Next 3Y24.29%

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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 (4/24/2026, 8:21:48 PM)

After market: 35.47 -0.37 (-1.03%)

35.84

-0.03 (-0.08%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-24
Earnings (Next)05-11
Inst Owners32.64%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner Change5.82%
Market Cap20.84B
Revenue(TTM)6.57B
Net Income(TTM)427.40M
Analysts84.67
Price Target49.52 (38.17%)
Short Float %5.39%
Short Ratio2.22
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)3.65%
PT rev (3m)4.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.52%
EPS NY rev (1m)1.02%
EPS NY rev (3m)1.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.57%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)3.43%
Valuation
Industry RankSector Rank
PE 36.95
Fwd PE 29.54
P/S 3.17
P/FCF 47.67
P/OCF 28.55
P/B 3.59
P/tB 30.56
EV/EBITDA 20.64
EPS(TTM)0.97
EY2.71%
EPS(NY)1.21
Fwd EY3.38%
FCF(TTM)0.75
FCFY2.1%
OCF(TTM)1.26
OCFY3.5%
SpS11.29
BVpS9.98
TBVpS1.17
PEG (NY)1.47
PEG (5Y)N/A
Graham Number14.7585 (-58.82%)
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 4.26
F-Score7
WACC7.64%
ROIC/WACC0.67
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 Y25.06%
EPS Next 2Y25.39%
EPS Next 3Y24.29%
EPS Next 5Y25.87%
Revenue 1Y (TTM)27.1%
Revenue growth 3Y22.77%
Revenue growth 5Y21.83%
Sales Q2Q%28.47%
Revenue Next Year20.25%
Revenue Next 2Y17.29%
Revenue Next 3Y15.95%
Revenue Next 5Y15.05%
EBIT growth 1Y53.99%
EBIT growth 3Y41.52%
EBIT growth 5Y37.47%
EBIT Next Year68.57%
EBIT Next 3Y32.54%
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.


Can you provide the valuation status for AMER SPORTS INC?

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


What is the profitability of AS stock?

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


Can you provide the PE and PB ratios for AS stock?

The Price/Earnings (PE) ratio for AMER SPORTS INC (AS) is 36.95 and the Price/Book (PB) ratio is 3.59.


Can you provide the financial health for AS stock?

The financial health rating of AMER SPORTS INC (AS) is 4 / 10.