AMER SPORTS INC (AS) Stock Fundamental Analysis
NYSE:AS - New York Stock Exchange, Inc. - KYG0260P1028 - Common Stock - Currency: USD
Taking everything into account, AS scores 4 out of 10 in our fundamental rating. AS was compared to 48 industry peers in the Textiles, Apparel & Luxury Goods industry. There are concerns on the financial health of AS while its profitability can be described as average. While showing a medium growth rate, AS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year AS was profitable.
AS had a positive operating cash flow in the past year.
In the past 5 years AS reported 4 times negative net income.
AS had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
AS has a Return On Assets of 0.87%. This is comparable to the rest of the industry: AS outperforms 41.67% of its industry peers.
AS's Return On Equity of 1.45% is in line compared to the rest of the industry. AS outperforms 41.67% of its industry peers.
The Return On Invested Capital of AS (5.14%) is worse than 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AS is significantly below the industry average of 11.45%.
The 3 year average ROIC (4.01%) for AS is below the current ROIC(5.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.87% | ||
| ROE | 1.45% | ||
| ROIC | 5.14% |
ROA(3y)-1.61%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.01%
ROIC(5y)N/A
1.3 Margins
AS has a Profit Margin (1.41%) which is in line with its industry peers.
AS has a Operating Margin (8.54%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AS has grown nicely.
The Gross Margin of AS (55.26%) is better than 66.67% of its industry peers.
In the last couple of years the Gross Margin of AS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.54% | ||
| PM (TTM) | 1.41% | ||
| GM | 55.26% |
OM growth 3Y14.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.11%
GM growth 5YN/A
2. Health
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.
The number of shares outstanding for AS has been increased compared to 1 year ago.
The debt/assets ratio for AS has been reduced compared to a year ago.
2.2 Solvency
AS has an Altman-Z score of 4.65. This indicates that AS is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.65, AS is doing good in the industry, outperforming 77.08% of the companies in the same industry.
AS has a debt to FCF ratio of 10.85. This is a negative value and a sign of low solvency as AS would need 10.85 years to pay back of all of its debts.
AS has a Debt to FCF ratio of 10.85. This is in the lower half of the industry: AS underperforms 60.42% 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.
Looking at the Debt to Equity ratio, with a value of 0.25, AS is in the better half of the industry, outperforming 60.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 10.85 | ||
| Altman-Z | 4.65 |
ROIC/WACC0.68
WACC7.57%
2.3 Liquidity
AS has a Current Ratio of 1.54. This is a normal value and indicates that AS is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.54, AS is doing worse than 70.83% of the companies in the same industry.
AS has a Quick Ratio of 1.54. 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's Quick ratio of 0.76 is on the low side compared to the rest of the industry. AS is outperformed by 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 182.39% over the past year.
AS shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.21%.
The Revenue has been growing by 19.12% on average over the past years. This is quite good.
EPS 1Y (TTM)182.39%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%237.5%
Revenue 1Y (TTM)21.21%
Revenue growth 3Y19.12%
Revenue growth 5YN/A
Sales Q2Q%24.48%
3.2 Future
The Earnings Per Share is expected to grow by 34.85% 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 13.55% on average per year.
EPS Next Y79.51%
EPS Next 2Y52.37%
EPS Next 3Y42.71%
EPS Next 5Y34.85%
Revenue Next Year18.25%
Revenue Next 2Y15.83%
Revenue Next 3Y15.11%
Revenue Next 5Y13.55%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 61.70, AS can be considered very expensive at the moment.
68.75% of the companies in the same industry are cheaper than AS, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.45, AS is valued quite expensively.
AS is valuated quite expensively with a Price/Forward Earnings ratio of 38.05.
Based on the Price/Forward Earnings ratio, AS is valued a bit more expensive than the industry average as 72.92% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 21.90. AS is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.7 | ||
| Fwd PE | 38.05 |
4.2 Price Multiples
AS's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AS is more expensive than 75.00% of the companies in the same industry.
AS's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AS is more expensive than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 139.19 | ||
| EV/EBITDA | 28.19 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AS's earnings are expected to grow with 42.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.78
PEG (5Y)N/A
EPS Next 2Y52.37%
EPS Next 3Y42.71%
5. Dividend
5.1 Amount
AS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
38.87
+0.68 (+1.78%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners25.84%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap19.03B
Analysts81.67
Price Target41.77 (7.46%)
Short Float %10.18%
Short Ratio2.59
Dividend
| Industry Rank | Sector 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)1
Avg EPS beat(2)15.09%
Min EPS beat(2)-2.6%
Max EPS beat(2)32.79%
EPS beat(4)3
Avg EPS beat(4)117.38%
Min EPS beat(4)-2.6%
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)1
Avg Revenue beat(2)0.21%
Min Revenue beat(2)-0.76%
Max Revenue beat(2)1.18%
Revenue beat(4)3
Avg Revenue beat(4)0.93%
Min Revenue beat(4)-0.76%
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)29.55%
PT rev (3m)23.13%
EPS NQ rev (1m)0.54%
EPS NQ rev (3m)2.33%
EPS NY rev (1m)12.51%
EPS NY rev (3m)11.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)2.17%
Revenue NY rev (3m)2.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.7 | ||
| Fwd PE | 38.05 | ||
| P/S | 3.68 | ||
| P/FCF | 139.19 | ||
| P/OCF | 44.8 | ||
| P/B | 3.81 | ||
| P/tB | 67.59 | ||
| EV/EBITDA | 28.19 |
EPS(TTM)0.63
EY1.62%
EPS(NY)1.02
Fwd EY2.63%
FCF(TTM)0.28
FCFY0.72%
OCF(TTM)0.87
OCFY2.23%
SpS10.55
BVpS10.21
TBVpS0.58
PEG (NY)0.78
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.87% | ||
| ROE | 1.45% | ||
| ROCE | 6.51% | ||
| ROIC | 5.14% | ||
| ROICexc | 5.42% | ||
| ROICexgc | 20.29% | ||
| OM | 8.54% | ||
| PM (TTM) | 1.41% | ||
| GM | 55.26% | ||
| FCFM | 2.65% |
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
ROICexcg growth 3Y16.69%
ROICexcg 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-Score8
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 10.85 | ||
| Debt/EBITDA | 1.72 | ||
| Cap/Depr | 105.19% | ||
| Cap/Sales | 5.57% | ||
| Interest Coverage | 2.24 | ||
| Cash Conversion | 59.38% | ||
| Profit Quality | 188.29% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | 4.65 |
F-Score8
WACC7.57%
ROIC/WACC0.68
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)182.39%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%237.5%
EPS Next Y79.51%
EPS Next 2Y52.37%
EPS Next 3Y42.71%
EPS Next 5Y34.85%
Revenue 1Y (TTM)21.21%
Revenue growth 3Y19.12%
Revenue growth 5YN/A
Sales Q2Q%24.48%
Revenue Next Year18.25%
Revenue Next 2Y15.83%
Revenue Next 3Y15.11%
Revenue Next 5Y13.55%
EBIT growth 1Y50.29%
EBIT growth 3Y36.01%
EBIT growth 5YN/A
EBIT Next Year80.07%
EBIT Next 3Y35.72%
EBIT Next 5Y25.09%
FCF growth 1Y189.62%
FCF growth 3Y-6.84%
FCF growth 5YN/A
OCF growth 1Y113.42%
OCF growth 3Y16.59%
OCF growth 5YN/A