AMER SPORTS INC (AS) Fundamental Analysis & Valuation

NYSE:AS • KYG0260P1028

Current stock price

35.22 USD
-0.55 (-1.54%)
At close:
35 USD
-0.22 (-0.62%)
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.
  • 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

  • The Return On Assets of AS (4.25%) is better than 66.67% of its industry peers.
  • With a Return On Equity value of 7.37%, AS perfoms like the industry average, outperforming 57.78% of the companies in the same industry.
  • 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.
  • AS had an Average Return On Invested Capital over the past 3 years of 4.08%. This is significantly below the industry average of 11.51%.
  • 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.
  • AS has a better Operating Margin (10.35%) than 77.78% of its industry peers.
  • In the last couple of years the Operating Margin of AS has grown nicely.
  • With a decent Gross Margin value of 57.63%, AS is doing good in the industry, outperforming 73.33% 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

  • 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.
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 4.21 indicates that AS is not in any danger for bankruptcy at the moment.
  • AS's Altman-Z score of 4.21 is fine compared to the rest of the industry. AS outperforms 77.78% of its industry peers.
  • 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.
  • AS's Debt to FCF ratio of 4.01 is fine compared to the rest of the industry. AS outperforms 68.89% of its industry peers.
  • AS has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
  • AS has a better Debt to Equity ratio (0.25) than 71.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.01
Altman-Z 4.21
ROIC/WACC0.69
WACC7.49%
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.
  • With a Current ratio value of 1.50, AS is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.76 indicates that AS may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.76, AS is doing worse than 84.44% of the companies in the same industry.
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.
  • AS shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.10%.
  • Measured over the past years, AS shows a very strong growth in Revenue. The Revenue has been growing by 21.83% on average per year.
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 Y25.06%
EPS Next 2Y25.39%
EPS Next 3Y24.29%
EPS Next 5Y25.87%
Revenue Next Year19.94%
Revenue Next 2Y17.13%
Revenue Next 3Y15.7%
Revenue Next 5Y15.05%

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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

  • With a Price/Earnings ratio of 36.31, AS can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, AS is valued a bit more expensive than the industry average as 68.89% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 26.78. AS is valued slightly more expensive when compared to this.
  • With a Price/Forward Earnings ratio of 29.03, AS can be considered very expensive at the moment.
  • 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 23.54. AS is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 36.31
Fwd PE 29.03
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 71.11% of the companies in the same industry.
  • AS's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 46.84
EV/EBITDA 20.28
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • AS has a very decent profitability rating, which 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)1.45
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

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

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AS Fundamentals: All Metrics, Ratios and Statistics

AMER SPORTS INC

NYSE:AS (4/10/2026, 8:06:35 PM)

After market: 35 -0.22 (-0.62%)

35.22

-0.55 (-1.54%)

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 Change2.1%
Market Cap20.48B
Revenue(TTM)6.57B
Net Income(TTM)427.40M
Analysts84.67
Price Target49.52 (40.6%)
Short Float %4.31%
Short Ratio1.8
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)5.49%
EPS NQ rev (1m)-8.86%
EPS NQ rev (3m)-8.28%
EPS NY rev (1m)1.55%
EPS NY rev (3m)1.9%
Revenue NQ rev (1m)4.2%
Revenue NQ rev (3m)4.15%
Revenue NY rev (1m)3.21%
Revenue NY rev (3m)3.24%
Valuation
Industry RankSector Rank
PE 36.31
Fwd PE 29.03
P/S 3.12
P/FCF 46.84
P/OCF 28.06
P/B 3.53
P/tB 30.04
EV/EBITDA 20.28
EPS(TTM)0.97
EY2.75%
EPS(NY)1.21
Fwd EY3.44%
FCF(TTM)0.75
FCFY2.13%
OCF(TTM)1.26
OCFY3.56%
SpS11.29
BVpS9.98
TBVpS1.17
PEG (NY)1.45
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 4.21
F-Score7
WACC7.49%
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 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 Year19.94%
Revenue Next 2Y17.13%
Revenue Next 3Y15.7%
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 1 / 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 36.31 and the Price/Book (PB) ratio is 3.53.


Can you provide the financial health for AS stock?

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