ANTA Sports Products (2020) AI Stock Analysis

• Market Cap: $263.32B
• Dividend Yield: 2.5%
• Average Volume (3M): 7.97M
• Price to Earnings (P/E): 15.7
• Beta (1Y): 1.11
• Revenue Growth: 11.51%
• EPS Growth: 47.88%
• Country: HK
• Employees: 65,900
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Leisure
• EPS (TTM): 3.07
• Shares Outstanding: 2,807,213,100
• 10 Day Avg. Volume: 6,685,195
• 30 Day Avg. Volume: 7,973,686
• PEG Ratio: 2.87
• Price to Book (P/B): 7.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.36
• 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: $118.77
• Price Target Upside: 27.71% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 81 Outperform
• Price Target: HK$110.00 ▲(18.28%Upside)

ANTA Sports Products earns a strong overall stock score driven by robust financial performance and positive technical indicators. The company's high profitability and solid balance sheet underpin its financial health, while the stock's technical position supports further price appreciation. The valuation is fair, adding to the stock's appeal. The absence of earnings call insights or corporate events does not detract from the overall positive assessment.

Positive Factors

Brand Performance

Anta Sports marked a strong finish with all major brands posting turnover growth, reversing previous softness.

Market Expansion

Steady growth outlook is driven by new initiatives and expansion into new markets like the Middle East.

Operational Efficiency

Anta's operating margin is more resilient than peers, reflecting strong operational control in a tough environment.

Negative Factors

Consumer Confidence

Key risks include weaker than expected consumer confidence.

Inventory Challenges

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

Macroeconomic Risks

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

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 generates revenue primarily through the sale of its sportswear products, which include footwear, apparel, and accessories. The company operates a multi-brand strategy, owning and managing several brands such as ANTA, FILA, DESCENTE, and Kingkow, among others. This strategy allows the company to target different consumer segments and expand its market reach. ANTA also benefits from its extensive retail network, which includes both direct-operated stores and franchised stores, providing widespread distribution and accessibility to its products. Additionally, the company engages in strategic partnerships and endorsements with sports teams and athletes to enhance brand visibility and drive sales. E-commerce also plays a significant role in its revenue generation, with online platforms contributing to its sales growth.

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	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: Positive
• Last Price: 93.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 93 is below the 20-day moving average (MA) of 94.44, below the 50-day MA of 93.09, and above the 200-day MA of 85.44, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 52.56 is Neutral, neither overbought nor oversold. The STOCH value of 68.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2020.

ANTA Sports Products Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2020	81 Outperform	$263.32B	15.69	28.11%	2.50%	11.51%	47.88%
Sector *	62 Neutral	$16.65B	11.30	-7.38%	3.01%	1.59%	-23.30%
LNNGF		$5.57B	12.31	11.92%	2.86%	―	―

ANTA Sports Products Corporate Events

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.

ANTA Sports Reports Strong Retail Sales Growth in Q1 2025

ANTA Sports Products Limited reported a high-single digit growth in retail sales for both its ANTA and FILA brands in the first quarter of 2025 compared to the same period in 2024. Meanwhile, other brands under the company experienced a significant 65-70% increase in retail sales. These figures, while indicative of positive operational performance, do not fully represent the company’s total revenue or financial status, and stakeholders are advised to interpret the data with caution.

ANTA Sports Acquires Jack Wolfskin to Boost Outdoor Segment

ANTA Sports Products Limited announced its acquisition of Jack Wolfskin, a leading outdoor apparel and equipment brand, from Topgolf Callaway Brands Corp. for USD290 million. This acquisition is expected to enhance ANTA’s outdoor sports segment by leveraging Jack Wolfskin’s expertise and technologies, and aligns with ANTA’s strategy to expand its global presence, particularly in Europe.