ANTA Sports Products (2020) AI Stock Analysis

• Market Cap: HK$222.90B
• Dividend Yield: 3.1%
• Average Volume (3M): 7.19M
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.07
• Revenue Growth: 13.55%
• EPS Growth: 13.30%
• Country: HK
• Employees: 65,900
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 2.83
• Shares Outstanding: 2,796,653,300
• 10 Day Avg. Volume: 6,950,175
• 30 Day Avg. Volume: 7,188,133
• PEG Ratio: 0.27
• Price to Book (P/B): 3.42
• Price to Sales (P/S): 2.98
• P/FCF Ratio: 15.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$113.97
• Price Target Upside: 41.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 21
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: HK$89.00 ▲(10.83% Upside)

ANTA Sports Products' overall stock score is driven primarily by its strong financial performance, characterized by robust profitability and a solid balance sheet. However, technical analysis indicates bearish momentum, which weighs down the score. The stock's valuation is attractive, with a reasonable P/E ratio and a good dividend yield, providing some support to the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and profitability.

Profitability

High profitability margins demonstrate efficient cost management and strong pricing power, ensuring sustainable earnings over time.

Balance Sheet Health

A strong balance sheet with moderate leverage enhances financial stability and provides flexibility for future investments and growth.

Negative Factors

Free Cash Flow Decline

Declining free cash flow may limit the company's ability to fund new projects or return capital to shareholders, impacting long-term financial flexibility.

Capital Management

Inefficient capital management can hinder cash flow optimization, affecting the company's ability to invest in growth opportunities and maintain financial health.

Cash Flow Conversion

Lower cash flow conversion indicates challenges in turning profits into cash, potentially affecting liquidity and operational flexibility in the long term.

ANTA Sports Products Business Overview & Revenue Model

Company Description

ANTA Sports Products Limited, together with its subsidiaries, designs, develops, manufactures, and markets sporting footwear, apparel, and accessories worldwide. The company offers sportswear, including running, cross-training, basketball, soccer, boxing, winter sports, boxing, taekwondo, gymnastics, weightlifting, wrestling, outdoor sports, women's fitness, and skiing products, as well as sports fashion clothing, kid's sports fashion clothing and sportswear, and leisure footwear products under the FILA, FILA KIDS, FILA FUSION, KINGKOW, KOLON SPORT, SPRANDI, FILA FUSION, ANTA, DESCENTE, and ANTA KIDS brands. It also provides management, product design, logistics, and information technology services; manufactures shoe soles; holds trademarks; and develops and manages properties. As of December 31, 2021, it operated 9,403 ANTA stores; 2,054 FILA stores; 182 DESCENTE stores; and 152 KOLON SPORT stores. It also exports and imports sporting shoes. The company was founded in 1991 and is headquartered in Jinjiang, the People's Republic of China. ANTA Sports Products Limited is a subsidiary of Anta International Group Holdings Limited.

How the Company Makes Money

ANTA Sports Products generates revenue through multiple streams, primarily from the sale of its sports footwear and apparel. The company's revenue model is built on wholesale distribution to retailers, direct-to-consumer sales through branded stores, and e-commerce platforms. Key revenue streams include the sale of performance sports shoes, casual footwear, sports apparel, and accessories. ANTA also benefits from strategic partnerships and sponsorships, including collaborations with high-profile athletes and teams, which boost brand visibility and drive sales. Additionally, the company's investment in research and development for innovative product lines helps attract customers and maintain a competitive edge in the market.

ANTA Sports Products Financial Statement Overview

Summary

ANTA Sports Products demonstrates strong financial performance characterized by consistent revenue growth, high profitability, and a solid balance sheet. While cash flow generation remains robust, attention to capital management can enhance free cash flow growth. The company's financial health is well-positioned for future expansion within the leisure industry.

Income Statement

ANTA Sports Products has shown strong revenue growth with a 13.58% increase from the previous year. The gross profit margin for 2024 stands at 62.15%, indicating efficient cost management. The net profit margin is robust at 22.02%, reflecting solid profitability. EBIT and EBITDA margins are also healthy, at 23.43% and 39.50%, respectively, highlighting effective operational management.

Balance Sheet

The company's balance sheet shows a sound financial position with a debt-to-equity ratio of 0.46, indicating moderate leverage and effective use of debt. The equity ratio is strong at 54.80%, showing a high proportion of equity financing. Return on equity is impressive at 25.26%, underscoring the company's ability to generate high returns on shareholders' investments.

Cash Flow

ANTA Sports Products exhibits a stable cash flow position with a free cash flow growth rate of -27.47%, due to higher capital expenditures. However, the operating cash flow to net income ratio is 1.07, indicating good cash generation relative to profits. The free cash flow to net income ratio is 0.85, signifying effective conversion of profits into free cash flow despite the recent decline.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	75.64B	70.83B	62.36B	53.65B	49.33B	35.51B
Gross Profit	46.84B	44.03B	39.03B	32.32B	30.40B	20.65B
EBITDA	29.62B	27.98B	21.15B	16.33B	14.95B	10.57B
Net Income	14.91B	15.60B	10.24B	7.59B	7.72B	5.16B
Balance Sheet
Total Assets	118.23B	112.61B	92.23B	69.19B	62.67B	51.87B
Cash, Cash Equivalents and Short-Term Investments	31.15B	34.30B	38.64B	28.30B	26.90B	21.72B
Total Debt	31.59B	28.12B	21.47B	19.50B	18.32B	16.94B
Total Liabilities	48.51B	45.88B	36.22B	31.36B	31.00B	26.04B
Stockholders Equity	63.77B	61.73B	51.46B	34.40B	28.92B	24.01B
Cash Flow
Free Cash Flow	15.38B	13.28B	18.31B	10.41B	10.37B	6.61B
Operating Cash Flow	19.17B	16.74B	19.63B	12.15B	11.86B	7.46B
Investing Cash Flow	-13.29B	-14.86B	-25.79B	-4.77B	-4.67B	-1.92B
Financing Cash Flow	-5.18B	-5.76B	3.47B	-7.84B	-4.95B	1.23B

ANTA Sports Products Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 80.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2020, the sentiment is Negative. The current price of 80.3 is below the 20-day moving average (MA) of 81.50, below the 50-day MA of 82.09, and below the 200-day MA of 88.46, indicating a bearish trend. The MACD of -0.50 indicates Negative momentum. The RSI at 43.85 is Neutral, neither overbought nor oversold. The STOCH value of 41.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2020.

ANTA Sports Products Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2331	76 Outperform	HK$50.70B	16.76	10.53%	3.83%	4.12%	-7.17%
2020	68 Neutral	HK$222.90B	13.94	25.06%	3.10%	13.55%	13.30%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

ANTA Sports Products Corporate Events

ANTA Sports Tightens ESG Governance With Revamped Sustainability Committee

ANTA Sports Products Limited has revised and formalised the terms of reference for its Sustainability Committee, effective 22 December 2025, strengthening board-level oversight of environmental, social and governance (ESG) matters across the group. The updated framework allocates clear responsibilities for setting and reviewing sustainable development strategy, embedding sustainability into business processes, managing material ESG risks, and standardising ESG data collection and disclosure, while also ensuring directors receive ESG training; the committee’s composition—combining executive and independent non-executive directors with senior executives and supported by dedicated working groups and a sustainability function secretary—aims to enhance governance, transparency and operational alignment on sustainability for investors and other stakeholders.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$118.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.

ANTA Sports Sees Mixed Growth in Q3 2025 Retail Sales

ANTA Sports Products Limited reported a low-single digit positive growth in retail sales for its ANTA and FILA brands in the third quarter of 2025 compared to the same period in 2024. However, the company’s other brands experienced a significant 45-50% growth in retail sales. These figures indicate a strong performance in the diversified brand portfolio, although the data does not represent the company’s total revenue or financial performance.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$102.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.