ANTA Sports Products (2020) AI Stock Analysis

• Market Cap: $221.80B
• Dividend Yield: 3.19%
• Average Volume (3M): 10.60M
• Price to Earnings (P/E): 13.8
• Beta (1Y): 1.09
• Revenue Growth: 13.55%
• EPS Growth: 13.30%
• Country: HK
• Employees: 65,900
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 2.76
• Shares Outstanding: 2,807,213,100
• 10 Day Avg. Volume: 9,924,220
• 30 Day Avg. Volume: 10,599,656
• 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: 1.27
• Enterprise Value/Revenue: 3.73
• Enterprise Value/Gross Profit: 6.02
• Enterprise Value/Ebitda: 9.52
• 1Y Price Target: $116.11
• Price Target Upside: 43.79% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 24
• EPS Forecast (FY): 5.14
• Revenue Forecast (FY): $86.34B

• Rating: 68 Neutral
• Price Target: HK$89.00 ▲(10.22% 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 is a leading Chinese sportswear company founded in 1991, specializing in the design, manufacture, and marketing of sports apparel, footwear, and accessories. The company operates primarily in the athletic sector, offering a wide range of products that cater to various sports, including basketball, running, and outdoor activities. ANTA is well-known for its innovative designs, quality manufacturing, and its collaborations with renowned athletes, which enhance its brand presence in both domestic and international markets.

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: 80.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 80.75 is below the 20-day moving average (MA) of 84.89, below the 50-day MA of 90.38, and below the 200-day MA of 89.07, indicating a bearish trend. The MACD of -2.82 indicates Positive momentum. The RSI at 32.34 is Neutral, neither overbought nor oversold. The STOCH value of 13.81 is Positive, 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	$42.97B	14.21	10.53%	4.30%	4.12%	-7.17%
2020	68 Neutral	$221.80B	13.82	25.06%	3.19%	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 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.

ANTA Sports Reports Strong Revenue Growth in 2025

ANTA Sports Products Limited, a leading global sportswear company, specializes in the R&D, design, manufacturing, marketing, and sales of professional sports products, including footwear, apparel, and accessories, with a diverse brand portfolio targeting both mass and high-end markets. In its latest earnings report for the first half of 2025, ANTA Sports reported a 14.3% increase in revenue, reaching RMB38.54 billion, and a 7.1% rise in adjusted profit attributable to equity shareholders, amounting to RMB6.597 billion. The company maintained strong operating efficiency, with an operating profit margin of 26.3%, despite increased investments in branding, channels, and overseas market development. Key performance metrics included a 5.4% revenue growth in the ANTA segment and an 8.6% increase in the FILA segment, while all other brands saw a significant 61.1% rise in revenue. The company also declared an interim dividend of HK137 cents per share. Looking ahead, ANTA Sports remains committed to its ‘Single-focus, Multi-brand, Globalization’ strategy, focusing on sustainable development and innovation to drive long-term growth in the global sportswear market.

ANTA Sports Adjusts Conversion Price of Convertible Bonds Following Dividend Announcement

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 declaration of an interim dividend, the conversion price will be reduced from HKD102.62 to HKD101.13, effective from 11 September 2025. This adjustment, which reflects the company’s dividend distribution, allows bondholders to convert their bonds into shares at a more favorable rate, potentially increasing the number of shares issued upon conversion and impacting the company’s share capital structure.

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 Reports Strong Growth in 2025 Interim Results

ANTA Sports Products Limited reported a strong performance for the first half of 2025, with a 14.3% increase in revenue, reaching RMB38,544 million. The company maintained high operating efficiency, with an overall increase in operating profit margin to 26.3%, despite increased investments in branding, channels, product R&D, and overseas market development. The adjusted profit attributable to equity shareholders rose by 7.1% to RMB6,597 million, and the company declared an interim dividend of HK137 cents per share, reflecting its stable cash-generating capabilities.

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 Declares Interim Dividend for 2025

ANTA Sports Products Limited has announced an interim dividend of HKD 1.37 per share for the six months ending June 30, 2025. The dividend will be paid on September 23, 2025, with the record date set for September 10, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may positively impact investor sentiment.

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 Announces Share Subscription Agreements Impacting Anca Holding

ANTA Sports Products Limited announced that its subsidiary, Anca Holding, has entered into share subscription agreements with Wise Source and Reward Grand. This transaction will result in a 20% dilution of ANTA’s indirect beneficial interest in Anca Holding, as the total issued shares of Anca Holding will be increased. The agreements are considered connected transactions under the Hong Kong Stock Exchange Listing Rules, but they do not require independent shareholder approval.

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 Partners with MUSINSA for Fashion Expansion

ANTA Sports Products Limited has announced a joint venture with MUSINSA Co., Ltd., a leading fashion platform company in Korea. This partnership aims to operate Korean fashion businesses in Mainland China, Hong Kong, and Macao, with ANTA holding a 40% stake and MUSINSA holding 60%. The joint venture is part of ANTA’s strategy to explore the integration of sports and fashion, leveraging its experience in the footwear and apparel industry to offer personalized choices for young consumers. MUSINSA will manage the business operations, while ANTA will provide strategic and financial oversight. The collaboration is expected to enhance ANTA’s market positioning and offer new opportunities for growth in the fashion sector.

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.