AMER SPORTS INC (AS) Fundamental Analysis & Valuation

NYSE:AS • KYG0260P1028

32.21 USD
-0.14 (-0.43%)
Last: Mar 13, 2026, 03:03 PM
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This AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 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 valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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.
  • 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 2025 0 200M -200M 400M 600M

1.2 Ratios

  • AS's Return On Assets of 4.25% is fine compared to the rest of the industry. AS outperforms 66.67% of its industry peers.
  • AS has a Return On Equity of 7.37%. This is comparable to the rest of the industry: AS outperforms 53.33% of its industry peers.
  • AS has a Return On Invested Capital (5.16%) 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 11.74%.
  • The last Return On Invested Capital (5.16%) for AS is above the 3 year average (4.08%), which is a sign of increasing profitability.
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 Profit Margin of 6.51%. This is in the better half of the industry: AS outperforms 80.00% of its industry peers.
  • AS has a better Operating Margin (10.35%) than 77.78% of its industry peers.
  • AS's Operating Margin has improved in the last couple of years.
  • AS has a better Gross Margin (57.63%) than 68.89% of its industry peers.
  • AS's Gross Margin has improved in the last couple of years.
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.
  • 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 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

  • An Altman-Z score of 3.87 indicates that AS is not in any danger for bankruptcy at the moment.
  • AS's Altman-Z score of 3.87 is fine compared to the rest 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.
  • AS has a better Debt to FCF ratio (4.01) than 64.44% 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 71.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 4.01
Altman-Z 3.87
ROIC/WACC0.68
WACC7.53%
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

  • AS has a Current Ratio of 1.50. 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 Current ratio of 1.50. This is in the lower half of the industry: AS underperforms 71.11% of its industry peers.
  • A Quick Ratio of 0.76 indicates that AS may have some problems paying its short term obligations.
  • AS has a worse Quick ratio (0.76) than 82.22% 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%.
  • AS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.83% yearly.
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

  • The Earnings Per Share is expected to grow by 25.87% 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 15.05% on average per year.
EPS Next Y23.8%
EPS Next 2Y25.27%
EPS Next 3Y24.15%
EPS Next 5Y25.87%
Revenue Next Year19.03%
Revenue Next 2Y16.79%
Revenue Next 3Y15.66%
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

2

4. AS Valuation Analysis

4.1 Price/Earnings Ratio

  • AS is valuated quite expensively with a Price/Earnings ratio of 33.21.
  • Compared to the rest of the industry, the Price/Earnings ratio of AS indicates a slightly more expensive valuation: AS is more expensive than 62.22% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.71. AS is valued slightly more expensive when compared to this.
  • The Price/Forward Earnings ratio is 26.82, which means the current valuation is very expensive for AS.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AS indicates a slightly more expensive valuation: AS is more expensive than 66.67% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.82. AS is around the same levels.
Industry RankSector Rank
PE 33.21
Fwd PE 26.82
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

  • Based on the Enterprise Value to EBITDA ratio, AS is valued a bit more expensive than 62.22% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AS is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 41.1
EV/EBITDA 17.99
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.
  • AS has a very decent profitability rating, which 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)1.39
PEG (5Y)N/A
EPS Next 2Y25.27%
EPS Next 3Y24.15%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. AS Dividend Analysis

5.1 Amount

  • No dividends for AS!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

AS Fundamentals: All Metrics, Ratios and Statistics

AMER SPORTS INC

NYSE:AS (3/13/2026, 3:03:54 PM)

32.21

-0.14 (-0.43%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)02-24
Earnings (Next)05-11
Inst Owners34.84%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap17.96B
Revenue(TTM)6.57B
Net Income(TTM)427.40M
Analysts84.67
Price Target47.77 (48.31%)
Short Float %6.1%
Short Ratio2.96
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)2.09%
EPS NQ rev (1m)-9.28%
EPS NQ rev (3m)-7.51%
EPS NY rev (1m)0.53%
EPS NY rev (3m)0.45%
Revenue NQ rev (1m)3.24%
Revenue NQ rev (3m)4.1%
Revenue NY rev (1m)2.38%
Revenue NY rev (3m)2.37%
Valuation
Industry RankSector Rank
PE 33.21
Fwd PE 26.82
P/S 2.74
P/FCF 41.1
P/OCF 24.61
P/B 3.1
P/tB 26.35
EV/EBITDA 17.99
EPS(TTM)0.97
EY3.01%
EPS(NY)1.2
Fwd EY3.73%
FCF(TTM)0.78
FCFY2.43%
OCF(TTM)1.31
OCFY4.06%
SpS11.77
BVpS10.4
TBVpS1.22
PEG (NY)1.39
PEG (5Y)N/A
Graham Number15.07
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 3.87
F-Score7
WACC7.53%
ROIC/WACC0.68
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 Year19.03%
Revenue Next 2Y16.79%
Revenue Next 3Y15.66%
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 FAQ

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

ChartMill assigns a fundamental rating of 5 / 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 6 / 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 23.8% in the next year.