AMER SPORTS INC (AS) Fundamental Analysis & Valuation

NYSE:AS • KYG0260P1028

Current stock price

33.4 USD
-0.46 (-1.36%)
At close:
33.4 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.
  • 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 64.44% 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 of 5.16%. This is comparable to the rest of the industry: AS outperforms 42.22% of its industry peers.
  • AS had an Average Return On Invested Capital over the past 3 years of 4.08%. This is significantly below the industry average of 11.58%.
  • 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 has a better Profit Margin (6.51%) than 80.00% of its industry peers.
  • The Operating Margin of AS (10.35%) is better than 77.78% of its industry peers.
  • In the last couple of years the Operating Margin of AS has grown nicely.
  • Looking at the Gross Margin, with a value of 57.63%, AS is in the better half of the industry, outperforming 71.11% 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
  • 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

  • AS has an Altman-Z score of 4.06. This indicates that AS is financially healthy and has little risk of bankruptcy at the moment.
  • AS has a Altman-Z score of 4.06. This is in the better half of the industry: AS outperforms 80.00% 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.
  • Looking at the Debt to FCF ratio, with a value of 4.01, AS is in the better half of 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 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 4.06
ROIC/WACC0.69
WACC7.47%
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

  • A Current Ratio of 1.50 indicates that AS should not have too much problems paying its short term obligations.
  • AS has a Current ratio of 1.50. This is in the lower half of the industry: AS underperforms 73.33% of its industry peers.
  • A Quick Ratio of 0.76 indicates that AS may have some problems paying its short term obligations.
  • AS's Quick ratio of 0.76 is on the low side compared to the rest of the industry. AS is outperformed by 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%.
  • 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

  • Based on estimates for the next years, AS will show a very strong growth in Earnings Per Share. The EPS will grow by 25.87% on average per year.
  • The Revenue is expected to grow by 15.05% on average over the next years. This is quite good.
EPS Next Y23.8%
EPS Next 2Y25.27%
EPS Next 3Y24.15%
EPS Next 5Y25.87%
Revenue Next Year20.06%
Revenue Next 2Y17.14%
Revenue Next 3Y15.7%
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

1

4. AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 34.43, AS can be considered very expensive at the moment.
  • AS's Price/Earnings ratio is a bit more expensive when compared to the industry. AS is more expensive than 66.67% of the companies in the same industry.
  • AS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.60.
  • The Price/Forward Earnings ratio is 27.81, which means the current valuation is very expensive for AS.
  • AS's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AS is more expensive than 71.11% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.84. AS is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 34.43
Fwd PE 27.81
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

  • 71.11% of the companies in the same industry are cheaper than AS, based on the Enterprise Value to EBITDA ratio.
  • 60.00% of the companies in the same industry are cheaper than AS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 44.42
EV/EBITDA 19.29
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.
  • The decent profitability rating of AS may justify a higher PE ratio.
  • AS's earnings are expected to grow with 24.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.45
PEG (5Y)N/A
EPS Next 2Y25.27%
EPS Next 3Y24.15%

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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 (4/2/2026, 8:08:31 PM)

After market: 33.4 0 (0%)

33.4

-0.46 (-1.36%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-24
Earnings (Next)05-11
Inst Owners33.73%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner Change0%
Market Cap19.42B
Revenue(TTM)6.57B
Net Income(TTM)427.40M
Analysts84.67
Price Target49.52 (48.26%)
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)0.59%
PT rev (3m)1.78%
EPS NQ rev (1m)-9.52%
EPS NQ rev (3m)-8.28%
EPS NY rev (1m)0.53%
EPS NY rev (3m)0.87%
Revenue NQ rev (1m)3.57%
Revenue NQ rev (3m)4.15%
Revenue NY rev (1m)3.26%
Revenue NY rev (3m)3.34%
Valuation
Industry RankSector Rank
PE 34.43
Fwd PE 27.81
P/S 2.96
P/FCF 44.42
P/OCF 26.61
P/B 3.35
P/tB 28.48
EV/EBITDA 19.29
EPS(TTM)0.97
EY2.9%
EPS(NY)1.2
Fwd EY3.6%
FCF(TTM)0.75
FCFY2.25%
OCF(TTM)1.26
OCFY3.76%
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 4.06
F-Score7
WACC7.47%
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 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 Year20.06%
Revenue Next 2Y17.14%
Revenue Next 3Y15.7%
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.


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 34.43 and the Price/Book (PB) ratio is 3.35.


Can you provide the financial health for AS stock?

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