AMER SPORTS INC (AS) Fundamental Analysis & Valuation

NYSE:AS • KYG0260P1028

Current stock price

33.36 USD
-0.3 (-0.89%)
At close:
33.36 USD
0 (0%)
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.
  • In the past year AS had a positive cash flow from operations.
  • In multiple years AS reported negative net income over the last 5 years.
  • Of the past 5 years AS 4 years had a positive operating cash flow.
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 of 7.37%. This is comparable to the rest of the industry: AS outperforms 53.33% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.16%, AS is in line with its industry, outperforming 44.44% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for AS is significantly below the industry average of 11.73%.
  • 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

  • AS's Profit Margin of 6.51% is fine compared to the rest of the industry. AS outperforms 80.00% of its industry peers.
  • The Operating Margin of AS (10.35%) is better than 77.78% of its industry peers.
  • AS's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 57.63%, AS is doing good in the industry, outperforming 68.89% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AS has grown nicely.
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
  • 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 3.97 indicates that AS is not in any danger for bankruptcy at the moment.
  • AS has a Altman-Z score of 3.97. This is in the better half of the industry: AS outperforms 80.00% 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.
  • With a decent Debt to FCF ratio value of 4.01, AS is doing good in the industry, outperforming 64.44% of the companies in the same industry.
  • A Debt/Equity ratio of 0.25 indicates that AS is not too dependend on debt financing.
  • AS's Debt to Equity ratio of 0.25 is fine compared to the rest of the industry. AS outperforms 71.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.01
Altman-Z 3.97
ROIC/WACC0.68
WACC7.55%
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 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.
  • AS has a worse Quick ratio (0.76) 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

  • 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%.
  • The Revenue has been growing by 21.83% on average over the past years. This is a very strong growth!
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

  • The Earnings Per Share is expected to grow by 25.87% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, AS will show a quite strong growth in Revenue. The Revenue will grow by 15.05% on average per year.
EPS Next Y23.8%
EPS Next 2Y25.27%
EPS Next 3Y24.15%
EPS Next 5Y25.87%
Revenue Next Year19.03%
Revenue Next 2Y16.79%
Revenue Next 3Y15.66%
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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Find the best growth stocksShow best growing peers

2

4. AS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 34.39 indicates a quite expensive valuation of AS.
  • 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 is valuated rather expensively when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 27.78, 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.
  • AS's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.12.
Industry RankSector Rank
PE 34.39
Fwd PE 27.78
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

  • Based on the Enterprise Value to EBITDA ratio, AS is valued a bit more expensive than the industry average as 62.22% of the companies are valued more cheaply.
  • Based on the Price/Free Cash Flow ratio, AS is valued a bit more expensive than 60.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 42.56
EV/EBITDA 18.68
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.
  • A more expensive valuation may be justified as AS's earnings are expected to grow with 24.15% in the coming years.
PEG (NY)1.44
PEG (5Y)N/A
EPS Next 2Y25.27%
EPS Next 3Y24.15%

More info and screens

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

0

5. AS Dividend Analysis

5.1 Amount

  • AS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

AS Fundamentals: All Metrics, Ratios and Statistics

AMER SPORTS INC

NYSE:AS (3/18/2026, 4:04:09 PM)

After market: 33.36 0 (0%)

33.36

-0.3 (-0.89%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-24
Earnings (Next)05-11
Inst Owners34.84%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap18.60B
Revenue(TTM)6.57B
Net Income(TTM)427.40M
Analysts84.67
Price Target47.77 (43.2%)
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)2.09%
EPS NQ rev (1m)-9.28%
EPS NQ rev (3m)-7.51%
EPS NY rev (1m)0.53%
EPS NY rev (3m)0.45%
Revenue NQ rev (1m)3.24%
Revenue NQ rev (3m)4.1%
Revenue NY rev (1m)2.38%
Revenue NY rev (3m)2.37%
Valuation
Industry RankSector Rank
PE 34.39
Fwd PE 27.78
P/S 2.83
P/FCF 42.56
P/OCF 25.49
P/B 3.21
P/tB 27.29
EV/EBITDA 18.68
EPS(TTM)0.97
EY2.91%
EPS(NY)1.2
Fwd EY3.6%
FCF(TTM)0.78
FCFY2.35%
OCF(TTM)1.31
OCFY3.92%
SpS11.77
BVpS10.4
TBVpS1.22
PEG (NY)1.44
PEG (5Y)N/A
Graham Number15.07
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 3.97
F-Score7
WACC7.55%
ROIC/WACC0.68
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 Year19.03%
Revenue Next 2Y16.79%
Revenue Next 3Y15.66%
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.