Logo image of AS

AMER SPORTS INC (AS) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:AS - KYG0260P1028 - Common Stock

37.03 USD
-0.26 (-0.7%)
Last: 1/16/2026, 8:04:00 PM
36.4617 USD
-0.57 (-1.53%)
After Hours: 1/16/2026, 8:04:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to AS. AS was compared to 45 industry peers in the Textiles, Apparel & Luxury Goods industry. Both the profitability and the financial health of AS get a neutral evaluation. Nothing too spectacular is happening here. AS is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

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.
  • In the past 5 years AS reported 4 times negative net income.
  • 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 0 200M -200M 400M

1.2 Ratios

  • AS has a Return On Assets (3.21%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 5.51%, AS is in line with its industry, outperforming 46.67% of the companies in the same industry.
  • AS has a Return On Invested Capital (6.57%) which is comparable to the rest of the industry.
  • AS had an Average Return On Invested Capital over the past 3 years of 4.01%. This is significantly below the industry average of 11.59%.
  • The last Return On Invested Capital (6.57%) for AS is above the 3 year average (4.01%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.21%
ROE 5.51%
ROIC 6.57%
ROA(3y)-1.61%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.01%
ROIC(5y)N/A
AS Yearly ROA, ROE, ROICAS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 200 -200

1.3 Margins

  • AS's Profit Margin of 5.10% is fine compared to the rest of the industry. AS outperforms 77.78% of its industry peers.
  • With a decent Operating Margin value of 10.51%, AS is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AS has grown nicely.
  • AS has a Gross Margin of 57.20%. This is in the better half of the industry: AS outperforms 66.67% of its industry peers.
  • AS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 10.51%
PM (TTM) 5.1%
GM 57.2%
OM growth 3Y14.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.11%
GM growth 5YN/A
AS Yearly Profit, Operating, Gross MarginsAS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 20 40

More info and screens

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AS 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 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 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 4.38 indicates that AS is not in any danger for bankruptcy at the moment.
  • AS's Altman-Z score of 4.38 is fine compared to the rest of the industry. AS outperforms 80.00% of its industry peers.
  • The Debt to FCF ratio of AS is 8.66, which is on the high side as it means it would take AS, 8.66 years of fcf income to pay off all of its debts.
  • AS has a Debt to FCF ratio (8.66) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.26 indicates that AS is not too dependend on debt financing.
  • AS has a Debt to Equity ratio of 0.26. This is in the better half of the industry: AS outperforms 71.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 8.66
Altman-Z 4.38
ROIC/WACC0.91
WACC7.2%
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 0 2B 4B 6B

2.3 Liquidity

  • AS has a Current Ratio of 1.51. 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 worse Current ratio (1.51) than 73.33% of its industry peers.
  • AS has a Quick Ratio of 1.51. 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 (0.70) than 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 0.7
AS Yearly Current Assets VS Current LiabilitesAS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 500M 1B 1.5B 2B

More info and screens

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 336.84% over the past year.
  • Looking at the last year, AS shows a very strong growth in Revenue. The Revenue has grown by 25.90%.
  • AS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.12% yearly.
EPS 1Y (TTM)336.84%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%135.71%
Revenue 1Y (TTM)25.9%
Revenue growth 3Y19.12%
Revenue growth 5YN/A
Sales Q2Q%29.73%

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 43.01% on average per year.
  • Based on estimates for the next years, AS will show a quite strong growth in Revenue. The Revenue will grow by 16.69% on average per year.
EPS Next Y117.44%
EPS Next 2Y64.49%
EPS Next 3Y50.66%
EPS Next 5Y43.01%
Revenue Next Year25.61%
Revenue Next 2Y20.8%
Revenue Next 3Y18.71%
Revenue Next 5Y16.69%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 44.61, AS can be considered very expensive at the moment.
  • 64.44% of the companies in the same industry are cheaper than AS, based on the Price/Earnings ratio.
  • AS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.47.
  • AS is valuated quite expensively with a Price/Forward Earnings ratio of 31.10.
  • 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.
  • AS is valuated rather expensively when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 44.61
Fwd PE 31.1
AS Price Earnings VS Forward Price EarningsAS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AS is valued a bit more expensive than 68.89% of the companies in the same industry.
  • 62.22% of the companies in the same industry are cheaper than AS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 95
EV/EBITDA 22.15
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as AS's earnings are expected to grow with 50.66% in the coming years.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y64.49%
EPS Next 3Y50.66%

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

AMER SPORTS INC

NYSE:AS (1/16/2026, 8:04:00 PM)

After market: 36.4617 -0.57 (-1.53%)

37.03

-0.26 (-0.7%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)11-18
Earnings (Next)02-09
Inst Owners34.84%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap20.50B
Revenue(TTM)6.10B
Net Income(TTM)311.30M
Analysts84.83
Price Target46.94 (26.76%)
Short Float %5.96%
Short Ratio2.56
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)74.11%
Min EPS beat(2)28.39%
Max EPS beat(2)119.82%
EPS beat(4)3
Avg EPS beat(4)54.1%
Min EPS beat(4)-2.6%
Max EPS beat(4)119.82%
EPS beat(8)6
Avg EPS beat(8)-22.8%
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)0.7%
Min Revenue beat(2)-0.27%
Max Revenue beat(2)1.67%
Revenue beat(4)2
Avg Revenue beat(4)0.98%
Min Revenue beat(4)-0.76%
Max Revenue beat(4)3.26%
Revenue beat(8)5
Avg Revenue beat(8)0.8%
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)0.31%
PT rev (3m)4.55%
EPS NQ rev (1m)0.29%
EPS NQ rev (3m)-2.76%
EPS NY rev (1m)0.09%
EPS NY rev (3m)9.49%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)1.38%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.48%
Valuation
Industry RankSector Rank
PE 44.61
Fwd PE 31.1
P/S 3.36
P/FCF 95
P/OCF 40.1
P/B 3.63
P/tB 35.46
EV/EBITDA 22.15
EPS(TTM)0.83
EY2.24%
EPS(NY)1.19
Fwd EY3.22%
FCF(TTM)0.39
FCFY1.05%
OCF(TTM)0.92
OCFY2.49%
SpS11.02
BVpS10.2
TBVpS1.04
PEG (NY)0.38
PEG (5Y)N/A
Graham Number13.8
Profitability
Industry RankSector Rank
ROA 3.21%
ROE 5.51%
ROCE 8.42%
ROIC 6.57%
ROICexc 6.89%
ROICexgc 22.16%
OM 10.51%
PM (TTM) 5.1%
GM 57.2%
FCFM 3.54%
ROA(3y)-1.61%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.01%
ROIC(5y)N/A
ROICexc(3y)4.27%
ROICexc(5y)N/A
ROICexgc(3y)18.87%
ROICexgc(5y)N/A
ROCE(3y)5.08%
ROCE(5y)N/A
ROICexgc growth 3Y16.69%
ROICexgc growth 5YN/A
ROICexc growth 3Y36.01%
ROICexc growth 5YN/A
OM growth 3Y14.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.11%
GM growth 5YN/A
F-Score7
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 8.66
Debt/EBITDA 1.47
Cap/Depr 83.16%
Cap/Sales 4.84%
Interest Coverage 5.33
Cash Conversion 51.31%
Profit Quality 69.32%
Current Ratio 1.51
Quick Ratio 0.7
Altman-Z 4.38
F-Score7
WACC7.2%
ROIC/WACC0.91
Cap/Depr(3y)81.5%
Cap/Depr(5y)67.78%
Cap/Sales(3y)4.31%
Cap/Sales(5y)4.1%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)336.84%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%135.71%
EPS Next Y117.44%
EPS Next 2Y64.49%
EPS Next 3Y50.66%
EPS Next 5Y43.01%
Revenue 1Y (TTM)25.9%
Revenue growth 3Y19.12%
Revenue growth 5YN/A
Sales Q2Q%29.73%
Revenue Next Year25.61%
Revenue Next 2Y20.8%
Revenue Next 3Y18.71%
Revenue Next 5Y16.69%
EBIT growth 1Y109.51%
EBIT growth 3Y36.01%
EBIT growth 5YN/A
EBIT Next Year100.64%
EBIT Next 3Y42.44%
EBIT Next 5Y30.33%
FCF growth 1Y243.29%
FCF growth 3Y-6.84%
FCF growth 5YN/A
OCF growth 1Y2924.31%
OCF growth 3Y16.59%
OCF growth 5YN/A

AMER SPORTS INC / AS FAQ

Can you provide the ChartMill fundamental rating for AMER SPORTS INC?

ChartMill assigns a fundamental rating of 4 / 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 5 / 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 117.44% in the next year.