(AS) Amer Sports - Overview

Sector: Consumer Cyclical | Industry: Leisure | Exchange: NYSE (USA) | Market Cap: 20.515m USD | Total Return: -3.5% in 12m

Sports Equipment, Apparel, Footwear, Accessories

Total Rating 43

Safety 79

Buy Signal -0.41

Leisure
Industry Rotation: +3.6

Market Cap: 20.5B
Avg Turnover: 136M

Risk 3d forecast

Volatility45.1%

VaR 5^th Pctl7.55%

VaR vs Median1.50%

Reward TTM

Sharpe Ratio0.01

Rel. Str. IBD20.2

Rel. Str. Peer Group22.4

Character TTM

Beta1.279

Beta Downside0.794

Hurst Exponent0.520

Drawdowns 3y

Max DD40.71%

CAGR/Max DD1.29

CAGR/Mean DD3.98

EPS (Earnings per Share)

Last SUE: -0.57
Qual. Beats: 0

Revenue

Rev. CAGR: 22.09%
Rev. Trend: 99.2%

Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Confidence

Description: AS Amer Sports

Amer Sports, Inc. (NYSE: AS) is a global designer and distributor of premium sports equipment, apparel, and footwear. Headquartered in Helsinki, the company manages a diverse portfolio of specialized brands, including Arcteryx, Salomon, Wilson, and Atomic. Its operations are organized into three primary segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

The company utilizes an omni-channel distribution strategy encompassing owned retail stores, wholesale partners, and e-commerce platforms. As a major player in the Apparel, Accessories & Luxury Goods sector, Amer Sports operates in a highly fragmented market where brand equity and technical innovation serve as primary barriers to entry. The business model relies on high-performance product cycles, catering to both professional athletes and high-end recreational consumers across North America, Europe, and Asia-Pacific.

Investors can further evaluate these brand segments and historical performance metrics on ValueRay. Given its recent corporate restructuring and 2023 rebranding, the company maintains a significant presence in specialized categories such as winter sports gear and professional-grade baseball equipment.

Headlines to Watch Out For

Arcteryx brand expansion in Greater China drives high-margin direct-to-consumer revenue growth
Shift toward premium technical apparel segments improves consolidated gross profit margins
Inventory management and supply chain efficiency impact seasonal outdoor equipment profitability
Consumer discretionary spending trends in North America influence wholesale channel demand
Strategic shift to direct-to-consumer sales reduces dependence on traditional sporting goods retailers

Piotroski VR-10 (Strict) 8.0

Net Income: 457.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.12 > 1.0
NWC/Revenue: 18.81% < 20% (prev 17.86%; Δ 0.95% < -1%)
CFO/TA 0.07 > 3% & CFO 737.0m > Net Income 457.4m
Net Debt (1.17b) to EBITDA (1.23b): 0.96 < 3
Current Ratio: 1.66 > 1.5 & < 3
Outstanding Shares: last quarter (572.2m) vs 12m ago 2.63% < -2%
Gross Margin: 58.23% > 18% (prev 0.56%; Δ 5.77k% > 0.5%)
Asset Turnover: 75.94% > 50% (prev 64.07%; Δ 11.88% > 0%)
Interest Coverage Ratio: 8.11 > 6 (EBITDA TTM 1.23b / Interest Expense TTM 100.6m)

Altman Z'' 2.27

A: 0.13 (Total Current Assets 3.32b - Total Current Liabilities 1.99b) / Total Assets 10.0b
B: -0.01 (Retained Earnings -135.8m / Total Assets 10.0b)
C: 0.09 (EBIT TTM 815.9m / Avg Total Assets 9.27b)
D: 0.81 (Book Value of Equity 2.65b / Total Liabilities 3.25b)
Altman-Z'' = 2.27 = BBB

Beneish M -2.94

DSRI: 1.00 (Receivables 723.9m/561.4m, Revenue 7.04b/5.46b)
GMI: 0.97 (GM 58.23% / 56.28%)
AQI: 0.90 (AQ_t 0.52 / AQ_t-1 0.58)
SGI: 1.29 (Revenue 7.04b / 5.46b)
TATA: -0.03 (NI 457.4m - CFO 737.0m) / TA 10.0b)
Beneish M = -2.94 (Cap -4..+1) = A

What is the price of AS shares?

As of May 30, 2026, the stock is trading at USD 35.58 with a total of 3,392,171 shares traded.
Over the past week, the price has changed by +0.71%, over one month by +3.13%, over three months by -6.32% and over the past year by -3.45%.

Is AS a buy, sell or hold?

Amer Sports has received a consensus analysts rating of 4.26. Therefore, it is recommended to buy AS.

StrongBuy: 11
Buy: 4
Hold: 3
Sell: 0
StrongSell: 1

What are the forecasts/targets for the AS price?

Analysts Target Price	49.7	39.7%

Amer Sports (AS) - Fundamental Data Overview as of 25 May 2026

Market Cap USD = 20.5b (20.5b USD * 1.0 USD.USD)
P/E Trailing = 43.5309
P/E Forward = 27.027
P/S = 2.9144
P/B = 3.0419
P/EG = 0.7937
Revenue TTM = 7.04b USD
EBIT TTM = 815.9m USD
EBITDA TTM = 1.23b USD
Long Term Debt = 792.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 309.9m USD (from shortTermDebt, last quarter)
Debt = 1.86b USD (from shortLongTermDebtTotal, last quarter) + Leases 856.1m
Net Debt = 1.17b USD (calculated: Debt 1.86b - CCE 683.7m)
Enterprise Value = 21.7b USD (20.5b + Debt 1.86b - CCE 683.7m)
Interest Coverage Ratio = 8.11 (Ebit TTM 815.9m / Interest Expense TTM 100.6m)
EV/FCF = 45.52x (Enterprise Value 21.7b / FCF TTM 476.5m)
FCF Yield = 2.20% (FCF TTM 476.5m / Enterprise Value 21.7b)
FCF Margin = 6.77% (FCF TTM 476.5m / Revenue TTM 7.04b)
Net Margin = 6.50% (Net Income TTM 457.4m / Revenue TTM 7.04b)
Gross Margin = 58.23% ((Revenue TTM 7.04b - Cost of Revenue TTM 2.94b) / Revenue TTM)
Gross Margin QoQ = 59.90% (prev 57.69%)
Tobins Q-Ratio = 2.17 (Enterprise Value 21.7b / Total Assets 10.0b)
Interest Expense / Debt = 5.42% (Interest Expense 100.6m / Debt 1.86b)
Taxrate = 29.30% (70.5m / 240.6m)
NOPAT = 576.8m (EBIT 815.9m * (1 - 29.30%))
Current Ratio = 1.66 (Total Current Assets 3.32b / Total Current Liabilities 1.99b)
Debt / Equity = 0.28 (Debt 1.86b / totalStockholderEquity, last quarter 6.74b)
Debt / EBITDA = 0.96 (Net Debt 1.17b / EBITDA 1.23b)
Debt / FCF = 2.46 (Net Debt 1.17b / FCF TTM 476.5m)
Total Stockholder Equity = 5.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.93% (Net Income 457.4m / Total Assets 10.0b)
RoE = 7.55% (Net Income TTM 457.4m / Total Stockholder Equity 6.06b)
RoCE = 11.91% (EBIT 815.9m / Capital Employed (Equity 6.06b + L.T.Debt 792.3m))
RoIC = 6.96% (NOPAT 576.8m / Invested Capital 8.28b)
WACC = 9.93% (E(20.5b)/V(22.4b) * Re(10.48%) + D(1.86b)/V(22.4b) * Rd(5.42%) * (1-Tc(0.29)))
Discount Rate = 10.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 7.19%
[DCF] Terminal Value 73.04% ; FCFF base≈376.0m ; Y1≈431.0m ; Y5≈634.3m
[DCF] Fair Price = 10.81 (EV 7.47b - Net Debt 1.17b = Equity 6.29b / Shares 581.8m; r=9.93% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.57 | # QB: 0
Revenue Correlation: 99.16 | Revenue CAGR: 22.09% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=+48.28% | Revisions=+33% | Analysts=13
EPS next Quarter (2026-09-30): EPS=0.38 | Chg30d=-3.16% | Revisions=+33% | Analysts=13
EPS current Year (2026-12-31): EPS=1.25 | Chg30d=+4.64% | Revisions=+56% | GrowthEPS=+29.2% | GrowthRev=+22.0%
EPS next Year (2027-12-31): EPS=1.57 | Chg30d=+4.87% | Revisions=+11% | GrowthEPS=+25.2% | GrowthRev=+13.9%
[Analyst] Revisions Ratio: +56%