Logo image of AS

AMER SPORTS INC (AS) Stock Fundamental Analysis

NYSE:AS - New York Stock Exchange, Inc. - KYG0260P1028 - Common Stock - Currency: USD

30.31  +1.48 (+5.13%)

After market: 30.31 0 (0%)

Fundamental Rating

3

Taking everything into account, AS scores 3 out of 10 in our fundamental rating. AS was compared to 50 industry peers in the Textiles, Apparel & Luxury Goods industry. AS has a medium profitability rating, but doesn't score so well on its financial health evaluation. AS is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year AS was profitable.
In the past year AS had a positive cash flow from operations.
AS had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: AS reported negative operating cash flow in multiple 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 0 100M -100M 200M -200M 300M

1.2 Ratios

AS has a Return On Assets of -0.42%. This is comparable to the rest of the industry: AS outperforms 40.82% of its industry peers.
AS has a Return On Equity of -0.91%. This is comparable to the rest of the industry: AS outperforms 40.82% of its industry peers.
With a Return On Invested Capital value of 3.33%, AS is not doing good in the industry: 63.27% of the companies in the same industry are doing better.
AS had an Average Return On Invested Capital over the past 3 years of 2.89%. This is significantly below the industry average of 11.63%.
The 3 year average ROIC (2.89%) for AS is below the current ROIC(3.33%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.42%
ROE -0.91%
ROIC 3.33%
ROA(3y)-2.43%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)2.89%
ROIC(5y)N/A
AS Yearly ROA, ROE, ROICAS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 0 200 -200

1.3 Margins

Looking at the Operating Margin, with a value of 6.32%, AS is in line with its industry, outperforming 53.06% of the companies in the same industry.
In the last couple of years the Operating Margin of AS has grown nicely.
The Gross Margin of AS (54.08%) is better than 65.31% of its industry peers.
In the last couple of years the Gross Margin of AS has grown nicely.
Industry RankSector Rank
OM 6.32%
PM (TTM) N/A
GM 54.08%
OM growth 3Y5.43%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.52%
GM growth 5YN/A
AS Yearly Profit, Operating, Gross MarginsAS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 0 20 40

More info and screens

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AS is destroying value.
There is no outstanding debt for AS. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AS Yearly Shares OutstandingAS Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 100M 200M 300M 400M
AS Yearly Total Debt VS Total AssetsAS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

An Altman-Z score of 3.06 indicates that AS is not in any danger for bankruptcy at the moment.
The Altman-Z score of AS (3.06) is comparable to the rest of the industry.
AS has a debt to FCF ratio of 38.71. This is a negative value and a sign of low solvency as AS would need 38.71 years to pay back of all of its debts.
AS's Debt to FCF ratio of 38.71 is on the low side compared to the rest of the industry. AS is outperformed by 67.35% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that AS is somewhat dependend on debt financing.
AS has a worse Debt to Equity ratio (0.58) than 63.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 38.71
Altman-Z 3.06
ROIC/WACC0.5
WACC6.64%
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 0 2B 4B 6B

2.3 Liquidity

A Current Ratio of 1.62 indicates that AS should not have too much problems paying its short term obligations.
With a Current ratio value of 1.62, AS is not doing good in the industry: 69.39% of the companies in the same industry are doing better.
A Quick Ratio of 0.77 indicates that AS may have some problems paying its short term obligations.
AS's Quick ratio of 0.77 is on the low side compared to the rest of the industry. AS is outperformed by 83.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.62
Quick Ratio 0.77
AS Yearly Current Assets VS Current LiabilitesAS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 500M 1B 1.5B 2B

More info and screens

3

3. Growth

3.1 Past

EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%312.5%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%24.37%

3.2 Future

The Earnings Per Share is expected to grow by 36.89% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.34% on average over the next years. This is quite good.
EPS Next Y61.27%
EPS Next 2Y48.33%
EPS Next 3Y40.71%
EPS Next 5Y36.89%
Revenue Next Year14.93%
Revenue Next 2Y13.89%
Revenue Next 3Y12.13%
Revenue Next 5Y11.34%

3.3 Evolution

AS Yearly Revenue VS EstimatesAS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B
AS Yearly EPS VS EstimatesAS Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1 1.5

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

AS is valuated quite expensively with a Price/Earnings ratio of 68.89.
AS's Price/Earnings ratio is a bit more expensive when compared to the industry. AS is more expensive than 65.31% of the companies in the same industry.
AS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.36.
A Price/Forward Earnings ratio of 42.71 indicates a quite expensive valuation of AS.
Based on the Price/Forward Earnings ratio, AS is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.65, AS is valued quite expensively.
Industry RankSector Rank
PE 68.89
Fwd PE 42.71
AS Price Earnings VS Forward Price EarningsAS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AS is valued a bit more expensive than the industry average as 69.39% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, AS is valued a bit more expensive than the industry average as 67.35% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 212.83
EV/EBITDA 31.51
AS Per share dataAS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

AS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AS's earnings are expected to grow with 40.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.12
PEG (5Y)N/A
EPS Next 2Y48.33%
EPS Next 3Y40.71%

More info and screens

0

5. Dividend

5.1 Amount

AS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

AMER SPORTS INC

NYSE:AS (2/26/2025, 8:25:57 PM)

After market: 30.31 0 (0%)

30.31

+1.48 (+5.13%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-25 2025-02-25/bmo
Earnings (Next)N/A N/A
Inst Owners32.62%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap15.32B
Analysts81.67
Price Target31.71 (4.62%)
Short Float %1.36%
Short Ratio1.63
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)109.53%
Min EPS beat(2)32.79%
Max EPS beat(2)186.27%
EPS beat(4)3
Avg EPS beat(4)-99.69%
Min EPS beat(4)-870.87%
Max EPS beat(4)253.05%
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)2
Avg Revenue beat(2)1.46%
Min Revenue beat(2)1.18%
Max Revenue beat(2)1.75%
Revenue beat(4)3
Avg Revenue beat(4)0.63%
Min Revenue beat(4)-1.94%
Max Revenue beat(4)1.75%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)16.49%
PT rev (3m)36.76%
EPS NQ rev (1m)-5.73%
EPS NQ rev (3m)-30.92%
EPS NY rev (1m)0.56%
EPS NY rev (3m)6.12%
Revenue NQ rev (1m)0.61%
Revenue NQ rev (3m)0.98%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)0.9%
Valuation
Industry RankSector Rank
PE 68.89
Fwd PE 42.71
P/S 3.16
P/FCF 212.83
P/OCF 47.44
P/B 3.73
P/tB N/A
EV/EBITDA 31.51
EPS(TTM)0.44
EY1.45%
EPS(NY)0.71
Fwd EY2.34%
FCF(TTM)0.14
FCFY0.47%
OCF(TTM)0.64
OCFY2.11%
SpS9.58
BVpS8.12
TBVpS-1.83
PEG (NY)1.12
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.42%
ROE -0.91%
ROCE 4.22%
ROIC 3.33%
ROICexc 3.48%
ROICexgc 12.62%
OM 6.32%
PM (TTM) N/A
GM 54.08%
FCFM 1.49%
ROA(3y)-2.43%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)2.89%
ROIC(5y)N/A
ROICexc(3y)3.1%
ROICexc(5y)N/A
ROICexgc(3y)16.19%
ROICexgc(5y)N/A
ROCE(3y)3.66%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y5.43%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.52%
GM growth 5YN/A
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 38.71
Debt/EBITDA 4.24
Cap/Depr 96.95%
Cap/Sales 5.18%
Interest Coverage 1.34
Cash Conversion 57.18%
Profit Quality N/A
Current Ratio 1.62
Quick Ratio 0.77
Altman-Z 3.06
F-Score6
WACC6.64%
ROIC/WACC0.5
Cap/Depr(3y)62.44%
Cap/Depr(5y)N/A
Cap/Sales(3y)3.54%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%312.5%
EPS Next Y61.27%
EPS Next 2Y48.33%
EPS Next 3Y40.71%
EPS Next 5Y36.89%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%24.37%
Revenue Next Year14.93%
Revenue Next 2Y13.89%
Revenue Next 3Y12.13%
Revenue Next 5Y11.34%
EBIT growth 1Y-18.92%
EBIT growth 3Y27.91%
EBIT growth 5YN/A
EBIT Next Year102.75%
EBIT Next 3Y43.01%
EBIT Next 5Y30.09%
FCF growth 1Y120.45%
FCF growth 3Y-37.26%
FCF growth 5YN/A
OCF growth 1Y317.01%
OCF growth 3Y-12.58%
OCF growth 5YN/A