ACADEMY SPORTS & OUTDOORS IN (ASO) Fundamental Analysis & Valuation

NASDAQ:ASO • US00402L1070

57.81 USD
-2.15 (-3.59%)
At close: Mar 11, 2026
57.81 USD
0 (0%)
After Hours: 3/11/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ASO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

ASO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 124 industry peers in the Specialty Retail industry. ASO has an excellent profitability rating, but there are some minor concerns on its financial health. ASO is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make ASO a good candidate for value investing.


Dividend Valuation Growth Profitability Health

8

1. ASO Profitability Analysis

1.1 Basic Checks

  • ASO had positive earnings in the past year.
  • ASO had a positive operating cash flow in the past year.
  • Each year in the past 5 years ASO has been profitable.
  • In the past 5 years ASO always reported a positive cash flow from operatings.
ASO Yearly Net Income VS EBIT VS OCF VS FCFASO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • ASO has a better Return On Assets (6.96%) than 79.84% of its industry peers.
  • With a decent Return On Equity value of 17.55%, ASO is doing good in the industry, outperforming 79.84% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 9.26%, ASO is doing good in the industry, outperforming 75.81% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ASO is in line with the industry average of 13.57%.
  • The 3 year average ROIC (14.39%) for ASO is well above the current ROIC(9.26%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 6.96%
ROE 17.55%
ROIC 9.26%
ROA(3y)11.1%
ROA(5y)11%
ROE(3y)28.67%
ROE(5y)31.91%
ROIC(3y)14.39%
ROIC(5y)14.77%
ASO Yearly ROA, ROE, ROICASO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • ASO has a Profit Margin of 6.27%. This is amongst the best in the industry. ASO outperforms 81.45% of its industry peers.
  • ASO's Profit Margin has improved in the last couple of years.
  • The Operating Margin of ASO (8.26%) is better than 78.23% of its industry peers.
  • ASO's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 34.42%, ASO is in line with its industry, outperforming 44.35% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ASO has grown nicely.
Industry RankSector Rank
OM 8.26%
PM (TTM) 6.27%
GM 34.42%
OM growth 3Y-12.18%
OM growth 5Y19.57%
PM growth 3Y-10.73%
PM growth 5Y23.2%
GM growth 3Y-0.79%
GM growth 5Y2.73%
ASO Yearly Profit, Operating, Gross MarginsASO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. ASO Health Analysis

2.1 Basic Checks

  • ASO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • ASO has less shares outstanding than it did 1 year ago.
  • ASO has less shares outstanding than it did 5 years ago.
  • ASO has a better debt/assets ratio than last year.
ASO Yearly Shares OutstandingASO Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
ASO Yearly Total Debt VS Total AssetsASO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • ASO has an Altman-Z score of 2.83. This is not the best score and indicates that ASO is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.83, ASO is in the better half of the industry, outperforming 66.13% of the companies in the same industry.
  • The Debt to FCF ratio of ASO is 2.54, which is a good value as it means it would take ASO, 2.54 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 2.54, ASO is doing good in the industry, outperforming 74.19% of the companies in the same industry.
  • ASO has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
  • ASO's Debt to Equity ratio of 0.22 is fine compared to the rest of the industry. ASO outperforms 62.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.54
Altman-Z 2.83
ROIC/WACC0.95
WACC9.71%
ASO Yearly LT Debt VS Equity VS FCFASO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • ASO has a Current Ratio of 1.71. This is a normal value and indicates that ASO is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 1.71, ASO is doing good in the industry, outperforming 70.97% of the companies in the same industry.
  • ASO has a Quick Ratio of 1.71. This is a bad value and indicates that ASO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ASO's Quick ratio of 0.32 is on the low side compared to the rest of the industry. ASO is outperformed by 68.55% of its industry peers.
Industry RankSector Rank
Current Ratio 1.71
Quick Ratio 0.32
ASO Yearly Current Assets VS Current LiabilitesASO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ASO Growth Analysis

3.1 Past

  • The earnings per share for ASO have decreased by -7.94% in the last year.
  • ASO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.32% yearly.
  • The Revenue has decreased by -0.65% in the past year.
  • Measured over the past years, ASO shows a small growth in Revenue. The Revenue has been growing by 4.20% on average per year.
EPS 1Y (TTM)-7.94%
EPS 3Y-7.28%
EPS 5Y33.32%
EPS Q2Q%16.33%
Revenue 1Y (TTM)-0.65%
Revenue growth 3Y-4.32%
Revenue growth 5Y4.2%
Sales Q2Q%3%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.55% on average over the next years. This is quite good.
  • Based on estimates for the next years, ASO will show a small growth in Revenue. The Revenue will grow by 5.66% on average per year.
EPS Next Y-1.56%
EPS Next 2Y3.84%
EPS Next 3Y5.96%
EPS Next 5Y9.55%
Revenue Next Year2.74%
Revenue Next 2Y4.42%
Revenue Next 3Y5.16%
Revenue Next 5Y5.66%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ASO Yearly Revenue VS EstimatesASO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
ASO Yearly EPS VS EstimatesASO Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8

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Find the best growth stocksShow best growing peers

7

4. ASO Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.97, the valuation of ASO can be described as very reasonable.
  • Based on the Price/Earnings ratio, ASO is valued cheaper than 86.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.15, ASO is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 8.86, the valuation of ASO can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASO indicates a rather cheap valuation: ASO is cheaper than 88.71% of the companies listed in the same industry.
  • ASO is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.97
Fwd PE 8.86
ASO Price Earnings VS Forward Price EarningsASO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • ASO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ASO is cheaper than 75.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ASO is valued a bit cheaper than 66.13% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.23
EV/EBITDA 6.77
ASO Per share dataASO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The excellent profitability rating of ASO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.3
EPS Next 2Y3.84%
EPS Next 3Y5.96%

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

3

5. ASO Dividend Analysis

5.1 Amount

  • ASO has a yearly dividend return of 0.86%, which is pretty low.
  • Compared to an average industry Dividend Yield of 2.38, ASO pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.86, ASO pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.86%

5.2 History

  • ASO has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
ASO Yearly Dividends per shareASO Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 8.93% of the earnings are spent on dividend by ASO. This is a low number and sustainable payout ratio.
DP8.93%
EPS Next 2Y3.84%
EPS Next 3Y5.96%
ASO Yearly Income VS Free CF VS DividendASO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M
ASO Dividend Payout.ASO Dividend Payout, showing the Payout Ratio.ASO Dividend Payout.PayoutRetained Earnings

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ASO Fundamentals: All Metrics, Ratios and Statistics

ACADEMY SPORTS & OUTDOORS IN

NASDAQ:ASO (3/11/2026, 8:00:02 PM)

After market: 57.81 0 (0%)

57.81

-2.15 (-3.59%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)12-09
Earnings (Next)06-08
Inst Owners114.69%
Inst Owner Change-0.42%
Ins Owners0.63%
Ins Owner Change-0.7%
Market Cap3.85B
Revenue(TTM)6.01B
Net Income(TTM)376.71M
Analysts73.91
Price Target61.62 (6.59%)
Short Float %12.57%
Short Ratio5.64
Dividend
Industry RankSector Rank
Dividend Yield 0.86%
Yearly Dividend0.44
Dividend Growth(5Y)N/A
DP8.93%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.37%
Min EPS beat(2)-10.91%
Max EPS beat(2)6.18%
EPS beat(4)2
Avg EPS beat(4)-3.71%
Min EPS beat(4)-16.03%
Max EPS beat(4)6.18%
EPS beat(8)2
Avg EPS beat(8)-7.22%
EPS beat(12)4
Avg EPS beat(12)-6.54%
EPS beat(16)8
Avg EPS beat(16)-1.57%
Revenue beat(2)0
Avg Revenue beat(2)-1.95%
Min Revenue beat(2)-2.35%
Max Revenue beat(2)-1.55%
Revenue beat(4)0
Avg Revenue beat(4)-1.82%
Min Revenue beat(4)-2.43%
Max Revenue beat(4)-0.95%
Revenue beat(8)0
Avg Revenue beat(8)-2.14%
Revenue beat(12)0
Avg Revenue beat(12)-2.49%
Revenue beat(16)2
Avg Revenue beat(16)-2.14%
PT rev (1m)0.39%
PT rev (3m)5.31%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)3.33%
EPS NY rev (1m)-0.1%
EPS NY rev (3m)2.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 9.97
Fwd PE 8.86
P/S 0.64
P/FCF 20.23
P/OCF 9.07
P/B 1.8
P/tB 5.47
EV/EBITDA 6.77
EPS(TTM)5.8
EY10.03%
EPS(NY)6.52
Fwd EY11.28%
FCF(TTM)2.86
FCFY4.94%
OCF(TTM)6.38
OCFY11.03%
SpS90.16
BVpS32.19
TBVpS10.57
PEG (NY)N/A
PEG (5Y)0.3
Graham Number64.81
Profitability
Industry RankSector Rank
ROA 6.96%
ROE 17.55%
ROCE 11.86%
ROIC 9.26%
ROICexc 9.94%
ROICexgc 15.78%
OM 8.26%
PM (TTM) 6.27%
GM 34.42%
FCFM 3.17%
ROA(3y)11.1%
ROA(5y)11%
ROE(3y)28.67%
ROE(5y)31.91%
ROIC(3y)14.39%
ROIC(5y)14.77%
ROICexc(3y)15.79%
ROICexc(5y)16.55%
ROICexgc(3y)27.48%
ROICexgc(5y)30.41%
ROCE(3y)18.44%
ROCE(5y)18.93%
ROICexgc growth 3Y-25.62%
ROICexgc growth 5Y22.03%
ROICexc growth 3Y-21.55%
ROICexc growth 5Y23.06%
OM growth 3Y-12.18%
OM growth 5Y19.57%
PM growth 3Y-10.73%
PM growth 5Y23.2%
GM growth 3Y-0.79%
GM growth 5Y2.73%
F-Score7
Asset Turnover1.11
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.54
Debt/EBITDA 0.78
Cap/Depr 190.72%
Cap/Sales 3.9%
Interest Coverage 14.34
Cash Conversion 68.61%
Profit Quality 50.59%
Current Ratio 1.71
Quick Ratio 0.32
Altman-Z 2.83
F-Score7
WACC9.71%
ROIC/WACC0.95
Cap/Depr(3y)153.11%
Cap/Depr(5y)114.13%
Cap/Sales(3y)2.82%
Cap/Sales(5y)2.06%
Profit Quality(3y)70.66%
Profit Quality(5y)123.03%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.94%
EPS 3Y-7.28%
EPS 5Y33.32%
EPS Q2Q%16.33%
EPS Next Y-1.56%
EPS Next 2Y3.84%
EPS Next 3Y5.96%
EPS Next 5Y9.55%
Revenue 1Y (TTM)-0.65%
Revenue growth 3Y-4.32%
Revenue growth 5Y4.2%
Sales Q2Q%3%
Revenue Next Year2.74%
Revenue Next 2Y4.42%
Revenue Next 3Y5.16%
Revenue Next 5Y5.66%
EBIT growth 1Y-15.51%
EBIT growth 3Y-15.97%
EBIT growth 5Y24.59%
EBIT Next Year16.79%
EBIT Next 3Y9.06%
EBIT Next 5Y9.82%
FCF growth 1Y-47.43%
FCF growth 3Y-18.13%
FCF growth 5Y10.28%
OCF growth 1Y-21.81%
OCF growth 3Y-7.78%
OCF growth 5Y14.9%

ACADEMY SPORTS & OUTDOORS IN / ASO FAQ

What is the fundamental rating for ASO stock?

ChartMill assigns a fundamental rating of 6 / 10 to ASO.


What is the valuation status for ASO stock?

ChartMill assigns a valuation rating of 7 / 10 to ACADEMY SPORTS & OUTDOORS IN (ASO). This can be considered as Undervalued.


How profitable is ACADEMY SPORTS & OUTDOORS IN (ASO) stock?

ACADEMY SPORTS & OUTDOORS IN (ASO) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for ASO stock?

The Price/Earnings (PE) ratio for ACADEMY SPORTS & OUTDOORS IN (ASO) is 9.97 and the Price/Book (PB) ratio is 1.8.


What is the financial health of ACADEMY SPORTS & OUTDOORS IN (ASO) stock?

The financial health rating of ACADEMY SPORTS & OUTDOORS IN (ASO) is 6 / 10.