AMER SPORTS INC (AS) Stock Fundamental Analysis
USA - NYSE:AS - KYG0260P1028 - Common Stock
34.12 USD
-0.24 (-0.7%)
34.35 USD
+0.23 (+0.67%)
Overall AS gets a fundamental rating of 4 out of 10. We evaluated AS against 48 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 quite expensive at the moment. It does show a decent growth rate.
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.
AS had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of 2.48%, AS perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
AS's Return On Equity of 4.07% is on the low side compared to the rest of the industry. AS is outperformed by 60.42% of its industry peers.
AS has a Return On Invested Capital (6.19%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AS is significantly below the industry average of 12.18%.
The last Return On Invested Capital (6.19%) for AS is above the 3 year average (4.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.48% | ||
| ROE | 4.07% | ||
| ROIC | 6.19% |
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
With a decent Profit Margin value of 3.93%, AS is doing good in the industry, outperforming 60.42% of the companies in the same industry.
AS's Operating Margin of 10.18% is fine compared to the rest of the industry. AS outperforms 77.08% 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 56.84%, AS is doing good in the industry, outperforming 68.75% of the companies in the same industry.
In the last couple of years the Gross Margin of AS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.18% | ||
| PM (TTM) | 3.93% | ||
| GM | 56.84% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AS is destroying value.
AS has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, AS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.58 indicates that AS is not in any danger for bankruptcy at the moment.
AS's Altman-Z score of 4.58 is amongst the best of the industry. AS outperforms 83.33% of its industry peers.
AS has a debt to FCF ratio of 9.21. This is a negative value and a sign of low solvency as AS would need 9.21 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.21, AS is in line with its industry, outperforming 43.75% of the companies in the same industry.
AS has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
AS's Debt to Equity ratio of 0.24 is fine compared to the rest of the industry. AS outperforms 64.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 9.21 | ||
| Altman-Z | 4.58 |
ROIC/WACC0.88
WACC7.02%
2.3 Liquidity
A Current Ratio of 1.60 indicates that AS should not have too much problems paying its short term obligations.
The Current ratio of AS (1.60) is worse than 64.58% of its industry peers.
AS has a Quick Ratio of 1.60. 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 0.61 is on the low side compared to the rest of the industry. AS is outperformed by 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
AS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 258.64%, which is quite impressive.
The Revenue has grown by 22.86% in the past year. This is a very strong growth!
Measured over the past years, AS shows a quite strong growth in Revenue. The Revenue has been growing by 19.12% on average per year.
EPS 1Y (TTM)258.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)22.86%
Revenue growth 3Y19.12%
Revenue growth 5YN/A
Sales Q2Q%24.4%
3.2 Future
AS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.04% yearly.
The Revenue is expected to grow by 16.30% on average over the next years. This is quite good.
EPS Next Y98.59%
EPS Next 2Y60.79%
EPS Next 3Y48.95%
EPS Next 5Y37.04%
Revenue Next Year23.78%
Revenue Next 2Y19.93%
Revenue Next 3Y18.62%
Revenue Next 5Y16.3%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 53.31, AS can be considered very expensive at the moment.
70.83% of the companies in the same industry are cheaper than AS, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.90. AS is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 29.99, the valuation of AS can be described as expensive.
Based on the Price/Forward Earnings ratio, AS is valued a bit more expensive than 64.58% of the companies in the same industry.
AS's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.31 | ||
| Fwd PE | 29.99 |
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 70.83% 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 60.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 109.76 | ||
| EV/EBITDA | 22.87 |
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.
AS's earnings are expected to grow with 48.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y60.79%
EPS Next 3Y48.95%
5. Dividend
5.1 Amount
AS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
34.12
-0.24 (-0.7%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners31.99%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap18.89B
Analysts82.86
Price Target44.9 (31.59%)
Short Float %5.52%
Short Ratio2.42
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)2
Avg EPS beat(2)95.3%
Min EPS beat(2)70.77%
Max EPS beat(2)119.82%
EPS beat(4)3
Avg EPS beat(4)55.19%
Min EPS beat(4)-2.6%
Max EPS beat(4)119.82%
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)2.47%
Min Revenue beat(2)1.67%
Max Revenue beat(2)3.26%
Revenue beat(4)3
Avg Revenue beat(4)1.34%
Min Revenue beat(4)-0.76%
Max Revenue beat(4)3.26%
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)5.65%
PT rev (3m)7.5%
EPS NQ rev (1m)7.47%
EPS NQ rev (3m)15.92%
EPS NY rev (1m)3.19%
EPS NY rev (3m)10.63%
Revenue NQ rev (1m)4.1%
Revenue NQ rev (3m)10.47%
Revenue NY rev (1m)2.49%
Revenue NY rev (3m)4.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.31 | ||
| Fwd PE | 29.99 | ||
| P/S | 3.32 | ||
| P/FCF | 109.76 | ||
| P/OCF | 40.59 | ||
| P/B | 3.43 | ||
| P/tB | 42.83 | ||
| EV/EBITDA | 22.87 |
EPS(TTM)0.64
EY1.88%
EPS(NY)1.14
Fwd EY3.33%
FCF(TTM)0.31
FCFY0.91%
OCF(TTM)0.84
OCFY2.46%
SpS10.29
BVpS9.95
TBVpS0.8
PEG (NY)0.54
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.48% | ||
| ROE | 4.07% | ||
| ROCE | 7.83% | ||
| ROIC | 6.19% | ||
| ROICexc | 6.45% | ||
| ROICexgc | 22.5% | ||
| OM | 10.18% | ||
| PM (TTM) | 3.93% | ||
| GM | 56.84% | ||
| FCFM | 3.02% |
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-Score7
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 9.21 | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | 95.35% | ||
| Cap/Sales | 5.15% | ||
| Interest Coverage | 3.7 | ||
| Cash Conversion | 52.42% | ||
| Profit Quality | 76.83% | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 4.58 |
F-Score7
WACC7.02%
ROIC/WACC0.88
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)258.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y98.59%
EPS Next 2Y60.79%
EPS Next 3Y48.95%
EPS Next 5Y37.04%
Revenue 1Y (TTM)22.86%
Revenue growth 3Y19.12%
Revenue growth 5YN/A
Sales Q2Q%24.4%
Revenue Next Year23.78%
Revenue Next 2Y19.93%
Revenue Next 3Y18.62%
Revenue Next 5Y16.3%
EBIT growth 1Y136.57%
EBIT growth 3Y36.01%
EBIT growth 5YN/A
EBIT Next Year89.31%
EBIT Next 3Y41.11%
EBIT Next 5Y27.53%
FCF growth 1Y192.48%
FCF growth 3Y-6.84%
FCF growth 5YN/A
OCF growth 1Y1361.25%
OCF growth 3Y16.59%
OCF growth 5YN/A