ANTA Sports Products (2020) AI Stock Analysis

• Market Cap: $253.01B
• Dividend Yield: 0.03%
• Average Volume (3M): 8.19M
• Price to Earnings (P/E): 15.1
• Beta (1Y): 1.09
• Revenue Growth: 11.51%
• EPS Growth: 47.88%
• Country: HK
• Employees: 65,900
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Leisure
• EPS (TTM): 3.07
• Shares Outstanding: 2,807,213,100
• 10 Day Avg. Volume: 9,801,170
• 30 Day Avg. Volume: 8,186,495
• PEG Ratio: 0.81
• Price to Book (P/B): 3.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.34
• 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: $119.32
• Price Target Upside: 31.41% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 76 Outperform
• Price Target: HK$103.00 ▲(13.44%Upside)

ANTA Sports Products has a strong financial performance, with robust profitability and a solid balance sheet, which are the most significant factors. The valuation is reasonable with a fair P/E ratio and a decent dividend yield, contributing positively to the score. Technical analysis suggests some caution due to mixed signals, but it remains a secondary influence.

Positive Factors

Financial Performance

The overall profit margin of Anta group is expected to be better due to stronger than targeted retail sales growth.

Growth Initiatives

The opening of more Anta Super stores, which have higher sales per store, is expected to drive growth.

Operational Efficiency

Greater use of AI is expected to boost efficiency in research and development, marketing, and trade fairs.

Negative Factors

Discount Strategy

Retail discounts are a drag due to efforts to clear inventory from the previous year.

Market Conditions

Key risks include the deterioration in the macroeconomic environment, and inflation.

Sales Performance

The larger negative impact came from discounts deepening, even though some expectations were ahead, leading to a slightly cautious outlook for the second half of 2025.

ANTA Sports Products Business Overview & Revenue Model

Company Description

ANTA Sports Products Limited, founded in 1991 and headquartered in Jinjiang, China, is one of the leading sportswear companies in the world. The company designs, develops, manufactures, and markets a wide range of sportswear products, including footwear, apparel, and accessories. ANTA operates multiple brands, including ANTA, FILA, DESCENTE, and others, catering to various market segments and consumer preferences. The company's mission is to provide professional sports products to consumers and promote a healthy lifestyle through sports engagement.

How the Company Makes Money

ANTA Sports generates revenue primarily through the sale of sportswear products across its various brands. The company's revenue streams include wholesale distribution to retailers, direct-to-consumer sales through its retail stores and online platforms, and licensing agreements with other brands. ANTA's strategic acquisitions, such as FILA China, have expanded its brand portfolio and market reach, contributing significantly to its earnings. Additionally, partnerships with sports teams, athletes, and events enhance brand visibility and drive sales. The company's focus on research and development, coupled with effective marketing strategies, also plays a crucial role in its financial performance.

ANTA Sports Products Financial Statement Overview

Summary

ANTA Sports Products demonstrates strong financial performance with impressive revenue growth, robust profitability margins, and a solid balance sheet. The company is effectively managing costs and generating high returns on equity, although there is room for improvement in capital management to enhance free cash flow growth.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	70.83B	62.36B	53.65B	49.33B	35.51B
Gross Profit	44.03B	39.03B	32.32B	30.40B	20.65B
EBITDA	27.98B	21.15B	16.33B	14.95B	10.57B
Net Income	15.60B	10.24B	7.59B	7.72B	5.16B
Balance Sheet
Total Assets	112.61B	92.23B	69.19B	62.67B	51.87B
Cash, Cash Equivalents and Short-Term Investments	34.30B	38.64B	28.30B	25.34B	20.62B
Total Debt	28.12B	21.47B	19.50B	18.32B	16.94B
Total Liabilities	45.88B	36.22B	31.36B	31.00B	26.04B
Stockholders Equity	61.73B	51.46B	34.40B	28.92B	24.01B
Cash Flow
Free Cash Flow	13.28B	18.31B	10.41B	10.37B	6.61B
Operating Cash Flow	16.74B	19.63B	12.15B	11.86B	7.46B
Investing Cash Flow	-14.86B	-25.79B	-4.77B	-4.67B	-1.92B
Financing Cash Flow	-5.76B	3.47B	-7.84B	-4.95B	1.23B

ANTA Sports Products Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 90.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• 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 90.8 is below the 20-day moving average (MA) of 92.00, below the 50-day MA of 93.29, and above the 200-day MA of 86.95, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 46.05 is Neutral, neither overbought nor oversold. The STOCH value of 71.67 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	77 Outperform	$44.78B	13.67	11.92%	0.25%	1.85%	-6.19%
2020	76 Outperform	$253.01B	15.08	28.11%	0.03%	11.51%	47.88%
Sector *	57 Neutral	HK$26.04B	4.10	-2.03%	5.50%	-0.23%	-68.02%

ANTA Sports Products Corporate Events

ANTA Sports Reports Strong Retail Sales Growth in 2025

ANTA Sports Products Limited reported positive retail sales growth for the second quarter and first half of 2025 across its brands. ANTA brand saw low to mid-single digit growth, FILA experienced mid to high-single digit growth, while other brands achieved significant growth of 50-65%. This performance highlights the company’s robust market positioning and potential for continued expansion in the sportswear industry.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$116.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.

ANTA Sports Revises Nomination Committee Terms

ANTA Sports Products Limited has revised its Nomination Committee Terms of Reference, effective from June 25, 2025. The committee is responsible for recommending suitable candidates for the board of directors, ensuring fair and transparent nominations, and evaluating the board’s composition in alignment with the company’s culture and strategies. The committee will consist of at least three members, with a majority being independent non-executive directors. Meetings will be held at least once a year, with provisions for additional meetings as needed, ensuring that all members can communicate effectively.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$116.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.

ANTA Sports Announces Board Composition and Governance Structure

ANTA Sports Products Limited has announced the composition of its board of directors and the roles and functions of its board committees. The board comprises executive directors, including Mr. Ding Shizhong as Chairman, and independent non-executive directors. The announcement highlights the company’s structured governance, with five committees focusing on audit, nomination, remuneration, risk management, and sustainability, indicating a robust framework for strategic oversight and stakeholder engagement.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$116.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.

ANTA Sports Grants 10.45 Million Shares to Employees

ANTA Sports Products Limited announced the grant of approximately 10.45 million awarded shares to 342 selected employees under its 2018 Share Award Scheme (2023 Revision). This initiative, which includes executive directors, aims to incentivize employees without diluting existing shareholders’ stakes, as the shares will be satisfied by existing shares acquired by the Trustee.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$116.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.

ANTA Sports Announces Changes in Sustainability Committee

ANTA Sports Products Limited announced a change in the composition of its Sustainability Committee, effective from June 15, 2025. Mr. Yiu Wai Hung will step down, and Ms. Jiang Yan, the current CEO of the Fashion Sports Group, will join the committee, reflecting a shift in management appointments within the company.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$116.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.

ANTA Sports Completes Acquisition of Jack Wolfskin

ANTA Sports Products Limited has completed its acquisition of the Jack Wolfskin business, making it an indirect wholly-owned subsidiary of the group. This strategic move is expected to enhance ANTA’s market positioning by expanding its portfolio with the well-regarded Jack Wolfskin brand, potentially benefiting stakeholders through increased market reach and product offerings.

The most recent analyst rating on (HK:2020) stock is a Buy with a HK$116.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.

ANTA Sports Approves Key Resolutions at Annual General Meeting

ANTA Sports Products Limited announced the successful passage of all resolutions at its Annual General Meeting held on May 7, 2025. Key decisions included the approval of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates for share issuance and repurchase. These outcomes reflect strong shareholder support and strategic alignment, potentially enhancing the company’s operational flexibility and market positioning.

ANTA Sports Adjusts Bond Conversion Price Following Dividend Approval

ANTA Sports Products Limited announced an adjustment to the conversion price of its EUR1,500,000,000 zero coupon guaranteed convertible bonds due 2029, following the approval of a dividend by shareholders. The conversion price will be adjusted from HKD104.02 to HKD102.62, effective from 14 May 2025, due to the dividend distribution. This adjustment will allow the bonds to be convertible into approximately 4.07% of the company’s enlarged share capital, assuming full conversion. The adjustment is expected to impact the company’s financial operations by potentially increasing the number of shares in circulation, which may affect shareholder value and market perception.