AS Stock Analysis: Amer Sports | NYSE
Leisure | NYSE, USA | Market Cap: 15.552m USD | 12M Return: -19% | KYG0260P1028 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 215M
Qual. Beats: 2
Rev. Trend: 99.1%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 2.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Amer Sports, Inc. is a Helsinki-based global sporting goods company that designs, manufactures, and sells sports equipment, apparel, footwear, and accessories across Europe, the Americas, the Middle East and Africa, Greater China, and the Asia Pacific. It operates through three reporting segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports, covering categories ranging from climbing, hiking, running, skiing, and snowboarding to tennis, baseball, basketball, golf, and other team and individual sports. As a multi-brand operator in the Apparel, Accessories & Luxury Goods sub-industry of Consumer Discretionary, the company pursues a portfolio strategy in which distinct brands target specific product niches and consumer segments rather than competing under a single label.
The companys product portfolio includes Arcteryx, PeakPerformance, Salomon, Atomic, Armada, Wilson, Louisville Slugger, DeMarini, EvoShield, and Atec. Distribution is omnichannel, spanning company retail stores, general sporting goods retailers, specialty stores, independently operated partner stores, distributors, and retailer-owned and third-party e-commerce platforms. This mix of wholesale and direct-to-consumer channels is typical of premium sporting goods companies and supports both broad market reach and brand-level control of pricing and merchandising.
Amer Sports was founded in 1950 and is headquartered in Helsinki, Finland. The company was previously named Amer Sports Management Holding (Cayman) Limited and adopted its current name in August 2023. It trades on the NYSE under the ticker AS and completed its initial public offering on February 1, 2024.
- Arcteryx same-store sales accelerate globally
- Wilson tennis demand lifts Ball & Racquet revenue
- China consumer recovery supports premium brand growth
| Net Income: 546.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 4.32 > 1.0 |
| NWC/Revenue: 20.16% < 20% (prev 16.93%; Δ 3.23% < -1%) |
| CFO/TA 0.09 > 3% & CFO 960.8m > Net Income 546.4m |
| Net Debt (1.34b) to EBITDA (1.33b): 1.01 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (589.1m) vs 12m ago 5.04% < -2% |
| Gross Margin: 59.81% > 18% (prev 56.84%; Δ 2.97% > 0.5%) |
| Asset Turnover: 77.27% > 50% (prev 63.18%; Δ 14.09% > 0%) |
| Interest Coverage Ratio: 9.78 > 6 (EBIT TTM 886.1m / Interest Expense TTM 90.6m) |
| A: 0.15 (Total Current Assets 3.47b - Total Current Liabilities 1.97b) / Total Assets 10.2b |
| B: -0.01 (Retained Earnings -70.7m / Total Assets 10.2b) |
| C: 0.09 (EBIT TTM 886.1m / Avg Total Assets 9.62b) |
| D: 2.06 (Book Value of Equity 6.87b / Total Liabilities 3.34b) |
| Altman-Z'' = 3.72 = AA |
| DSRI: 1.05 (Receivables 656.5m/478.0m, Revenue 7.44b/5.70b) |
| GMI: 0.95 (GM 56.84% / 59.81%) |
| AQI: 0.87 (AQ_t 0.51 / AQ_t-1 0.58) |
| SGI: 1.30 (Revenue 7.44b / 5.70b) |
| TATA: -0.04 (NI 546.4m - CFO 960.8m) / TA 10.2b) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of September 28, 2026, the stock is trading at USD 27.77 with a total of 6,698,734 shares traded. Over the past week, the price has changed by +3.89%, over one month by -12.09%, over three months by -18.61% and over the past year by -18.99%.
Current recommended Stop Loss: 26.40 (which is 4.9% or 1.3 ATR below the current price).
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
| Analysts Target Price | 48.7 | 75.2% |
P/E Trailing = 27.8438
P/E Forward = 14.245
P/S = 2.0916
P/B = 2.2261
P/EG = 0.4259
Revenue TTM = 7.44b USD
EBIT TTM = 886.1m USD
EBITDA TTM = 1.33b USD
Long Term Debt = 792.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 326.5m USD (from shortTermDebt, last quarter)
Debt = 2.06b USD (from shortLongTermDebtTotal, last quarter) + Leases 954.2m
Net Debt = 1.34b USD (calculated: Debt 2.06b - CCE 720.4m)
Enterprise Value = 16.9b USD (15.6b + Debt 2.06b - CCE 720.4m)
Interest Coverage Ratio = 9.78 (Ebit TTM 886.1m / Interest Expense TTM 90.6m)
EV/FCF = 24.62x (Enterprise Value 16.9b / FCF TTM 686.0m)
FCF Yield = 4.06% (FCF TTM 686.0m / Enterprise Value 16.9b)
FCF Margin = 9.23% (FCF TTM 686.0m / Revenue TTM 7.44b)
Net Margin = 7.35% (Net Income TTM 546.4m / Revenue TTM 7.44b)
Gross Margin = 59.81% ((Revenue TTM 7.44b - Cost of Revenue TTM 2.99b) / Revenue TTM)
Gross Margin QoQ = 65.64% (prev 59.90%)
Tobins Q-Ratio = 1.65 (Enterprise Value 16.9b / Total Assets 10.2b)
Interest Expense / Debt = 4.41% (Interest Expense 90.6m / Debt 2.06b)
Taxrate = 29.60% (238.7m / 806.5m)
NOPAT = 623.8m (EBIT 886.1m * (1 - 29.60%))
Current Ratio = 1.76 (Total Current Assets 3.47b / Total Current Liabilities 1.97b)
Debt / Equity = 0.30 (Debt 2.06b / totalStockholderEquity, last quarter 6.87b)
Debt / EBITDA = 1.01 (Net Debt 1.34b / EBITDA 1.33b)
Debt / FCF = 1.95 (Net Debt 1.34b / FCF TTM 686.0m)
Total Stockholder Equity = 6.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.68% (Net Income 546.4m / Total Assets 10.2b)
RoE = 8.72% (Net Income TTM 546.4m / Total Stockholder Equity 6.26b)
RoCE = 12.56% (EBIT 886.1m / Capital Employed (Equity 6.26b + L.T.Debt 792.3m))
RoIC = 7.60% (NOPAT 623.8m / Invested Capital 8.21b)
WACC = 9.33% (E(15.6b)/V(17.6b) * Re(10.15%) + D(2.06b)/V(17.6b) * Rd(4.41%) * (1-Tc(0.30)))
Discount Rate = 10.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.54 | Cagr: 10.94%
[DCF] Terminal Value 74.87% ; FCFF base≈497.6m ; Y1≈570.4m ; Y5≈839.5m
[DCF] Fair Price = 16.23 (EV 10.8b - Net Debt 1.34b = Equity 9.44b / Shares 581.8m; r=9.33% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 2.80 | # QB: 2
Revenue Correlation: 99.10 | Revenue CAGR: 23.17% | SUE: 2.54 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.34 | Chg30d=+2.24% | Revisions=-79% | Analysts=15
EPS current Year (2026-12-31): EPS=1.30 | Chg30d=+1.36% | Revisions=+71% | GrowthEPS=+34.1% | GrowthRev=+24.6%
EPS next Year (2027-12-31): EPS=1.62 | Chg30d=+2.89% | Revisions=+81% | GrowthEPS=+24.6% | GrowthRev=+14.3%
[Analyst] Revisions Ratio: +34% (up=26, down=12)