Amer Sports, Inc. (AS) AI Stock Analysis

• Market Cap: $19.10B
• Dividend Yield: N/A
• Average Volume (3M): 5.15M
• Price to Earnings (P/E): 83.8
• Beta (1Y): 1.06
• Revenue Growth: 22.86%
• EPS Growth: N/A
• Country: US
• Employees: 13,400
• Sector: General
• Sector Strength: N/A
• Industry: Leisure
• EPS (TTM): 0.06
• Shares Outstanding: 553,845,340
• 10 Day Avg. Volume: 5,642,264
• 30 Day Avg. Volume: 5,148,336
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.21
• Enterprise Value/Revenue: 4.22
• Enterprise Value/Gross Profit: 7.51
• Enterprise Value/Ebitda: 29.37
• 1Y Price Target: $46.42
• Price Target Upside: 34.63% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 69 Neutral
• Price Target: $39.00 ▲(13.11% Upside)

Amer Sports, Inc. demonstrates strong financial performance and positive earnings call sentiment, which are significant strengths. However, the technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation, which are notable risks. The overall score reflects a balanced view of these factors.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market penetration and product demand, supporting long-term business expansion.

Cash Generation

Robust cash generation enhances financial flexibility, enabling strategic investments and debt management.

Brand Strength

Strong brand performance like Arc'teryx's growth reflects effective brand positioning and consumer loyalty.

Negative Factors

Leadership Transition

Leadership changes can disrupt strategic continuity and execution, impacting brand performance during transitions.

Regulatory Challenges

Regulatory scrutiny can lead to reputational damage and operational disruptions, affecting long-term market presence.

Inventory Management

High inventory levels can strain resources and indicate potential demand forecasting issues, impacting cash flow.

Amer Sports, Inc. Business Overview & Revenue Model

Company Description

Amer Sports, Inc. designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. The company operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. The Technical Apparel segment offers outdoor apparel, footwear, and accessories under the Arc'teryx and Peak Performance brands. The Outdoor Performance segment provides outdoor apparel, footwear, accessories, and winter sports equipment under the Salomon, Atomic, Armada, and ENVE brands. The Ball & Racquet Sports segment offers sports equipment, apparel, and accessories under the Wilson, DeMarini, Louisville Slugger, EvoShield, and ATEC brands. The company also provides climbing gears, hiking and running footwear, skiing and snowboarding gears, functional athletic apparel, and lifestyle footwear, as well as sporting equipment for tennis, baseball, American football, basketball, golf, and various other professional and recreational sports. It sells its products through its retail stores, general sporting goods retailers, specialty stores, independently operated partner stores, and distributors, as well as its e-commerce websites, and retailer-owned and third-party e-commerce websites. The company was formerly known as Amer Sports Management Holding (Cayman) Limited and changed its name to Amer Sports, Inc. in August 2023. Amer Sports, Inc. was founded in 1950 and is based in Helsinki, Finland.

How the Company Makes Money

Amer Sports generates revenue primarily through the sale of its diverse range of sporting goods, which includes equipment, apparel, and footwear. The company's revenue model is supported by multiple key streams: direct sales to consumers via retail channels, online sales through e-commerce platforms, and wholesale distribution to third-party retailers. Significant partnerships with sports organizations and athletes enhance brand visibility and credibility, driving sales. Seasonal demand, particularly in winter sports and summer outdoor activities, influences revenue cycles. Additionally, the company invests in marketing strategies that leverage sponsorships and endorsements to boost brand recognition and sales.

Amer Sports, Inc. Financial Statement Overview

Summary

Amer Sports, Inc. presents a strong financial position with significant revenue and profit growth, efficient operations, and sound financial management. The company's balance sheet is stable with low leverage and high equity, while its cash flow indicates strong cash generation and management. These factors position Amer Sports, Inc. well for future growth and financial health, although continued monitoring of net profitability improvements is advisable.

Income Statement

Amer Sports, Inc. shows strong growth in revenue, with a Revenue Growth Rate of 5.25% in TTM compared to the previous year. The Gross Profit Margin is robust at 56.26% TTM, indicating efficient production. However, the Net Profit Margin, though improved, remains modest at 3.71% TTM. The EBIT Margin and EBITDA Margin are healthy at 10.56% and 11.65% TTM, respectively, reflecting operational efficiency.

Balance Sheet

The Balance Sheet of Amer Sports, Inc. demonstrates stability with a Debt-to-Equity Ratio of 0.29 TTM, showcasing prudent leverage. Return on Equity is strong at 3.87% TTM, indicating efficient use of capital. The Equity Ratio of 61.18% TTM highlights a solid financial structure, with a significant portion of assets financed by equity.

Cash Flow

Amer Sports, Inc. exhibits a robust Free Cash Flow Growth Rate of 75.41%, indicating strong cash generation capabilities. The Operating Cash Flow to Net Income Ratio of 2.33 TTM demonstrates excellent cash conversion efficiency. The Free Cash Flow to Net Income Ratio stands at 1.19 TTM, suggesting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.46B	5.18B	4.37B	3.38B	2.59B	2.15B
Gross Profit	3.07B	2.87B	2.28B	1.68B	1.27B	1.01B
EBITDA	784.40M	653.80M	521.10M	414.66M	381.60M	342.70M
Net Income	202.10M	72.60M	-208.60M	-235.21M	-204.99M	-208.07M
Balance Sheet
Total Assets	8.53B	8.34B	8.37B	7.40B	6.99B	8.62B
Cash, Cash Equivalents and Short-Term Investments	422.10M	345.40M	483.40M	376.67M	498.33M	389.50M
Total Debt	1.53B	1.48B	6.66B	5.84B	5.54B	6.99B
Total Liabilities	3.30B	3.33B	8.53B	7.47B	6.96B	8.78B
Stockholders Equity	5.22B	5.00B	-160.20M	-69.24M	33.42M	-152.90M
Cash Flow
Free Cash Flow	260.40M	136.70M	47.20M	-201.15M	143.06M	167.64M
Operating Cash Flow	471.90M	424.70M	199.00M	-87.25M	226.74M	261.32M
Investing Cash Flow	-270.20M	-268.30M	-154.80M	-112.85M	249.92M	-93.60M
Financing Cash Flow	-108.50M	-266.00M	35.00M	77.17M	-312.78M	-145.00M

Amer Sports, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 34.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AS, the sentiment is Negative. The current price of 34.48 is below the 20-day moving average (MA) of 36.38, below the 50-day MA of 37.55, and above the 200-day MA of 32.38, indicating a neutral trend. The MACD of -0.96 indicates Positive momentum. The RSI at 37.37 is Neutral, neither overbought nor oversold. The STOCH value of 19.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AS.

Amer Sports, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOLF	73 Outperform	$4.50B	20.53	0.03%	1.20%	3.83%	28.57%
AS	69 Neutral	$19.10B	83.77	4.71%	―	22.86%	―
YETI	69 Neutral	$2.79B	16.42	22.07%	―	3.63%	-2.60%
LTH	64 Neutral	$6.16B	27.40	7.90%	―	17.25%	93.88%
PTON	56 Neutral	$3.49B	-27.73	28.74%	―	-7.76%	79.66%
MODG	51 Neutral	$1.74B	-1.16	-60.04%	―	-2.35%	-7104.57%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

Amer Sports, Inc. Corporate Events

Amer Sports Raises Q3 2025 Guidance and Reaffirms Long-Term Growth Strategy

On September 18, 2025, Amer Sports, Inc. announced an increase in its financial guidance for the third quarter of 2025 and reiterated its long-term financial algorithm during an Investor Day event. The company expects strong third-quarter results driven by growth in its Salomon Softgoods and Arc’teryx segments. The updated guidance predicts year-over-year revenue growth in the high 20s percentage and an adjusted operating margin at or above the high end of the previous 12-13% range. This announcement underscores Amer Sports’ confidence in its premium sports and outdoor brands’ long-term growth potential.

Amer Sports Releases Interim Financial Results for First Half of 2025

On August 20, 2025, Amer Sports, Inc. released its unaudited interim consolidated financial statements for the first half of the year, highlighting its financial condition and operational results. This release provides insights into the company’s strategic positioning and market performance, reflecting its continued focus on expanding its global operations and managing foreign currency exposure. The financial results underscore Amer Sports’ commitment to maintaining its leadership in the sports industry, with a strong emphasis on innovation and market diversification.

Amer Sports Reports Strong Q2 2025 Results and Raises Full-Year Guidance

On August 19, 2025, Amer Sports, Inc. announced its financial results for the second quarter of 2025, reporting a 23% increase in revenue to $1,236 million, surpassing guidance for adjusted margins and EPS. The company raised its full-year revenue, margin, and EPS guidance, driven by strong performance in its Arc’teryx and Salomon brands, and growth in the Ball & Racquet segment led by Wilson Tennis 360. CEO James Zheng highlighted the company’s ability to manage macroeconomic challenges and maintain growth momentum. Additionally, Wilson CEO Joe Dudy will step down, with CFO Andrew Page appointed as interim CEO.