Amer Sports, Inc. (AS) AI Stock Analysis

• Market Cap: $20.74B
• Dividend Yield: N/A
• Average Volume (3M): 4.60M
• Price to Earnings (P/E): 91.0
• Beta (1Y): 1.04
• 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: 3,537,356
• 30 Day Avg. Volume: 4,602,789
• 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: 1.11
• Enterprise Value/Revenue: 4.22
• Enterprise Value/Gross Profit: 7.51
• Enterprise Value/Ebitda: 29.37
• 1Y Price Target: $45.43
• Price Target Upside: 21.31% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 77 Outperform
• Price Target: $47.00 ▲(25.50% Upside)

Amer Sports, Inc. demonstrates strong financial performance and positive earnings call sentiment, which are the most significant factors driving the stock score. The technical analysis supports a bullish outlook, although the high P/E ratio suggests overvaluation. The absence of a dividend yield further impacts the valuation negatively. Overall, the company's growth prospects and strategic positioning outweigh these concerns, resulting in a favorable stock score.

Positive Factors

Revenue Growth

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

Brand Momentum

The sustained growth of Arc'teryx and other brands like Salomon strengthens Amer Sports' competitive position and enhances brand equity.

Cash Generation

Strong cash generation enhances financial flexibility, enabling strategic investments and cushioning against economic downturns.

Negative Factors

Leadership Transition

Leadership changes can disrupt strategic initiatives and create uncertainty, potentially affecting brand performance and employee morale.

Tariff Impact

Increased tariffs can elevate costs and pressure margins, challenging the company's ability to maintain profitability in affected segments.

Inventory Levels

Rising inventory levels may indicate overproduction or slowing demand, potentially leading to increased holding costs and reduced cash flow.

Amer Sports, Inc. Business Overview & Revenue Model

Company Description

Amer Sports, Inc. is a global sporting goods company based in Finland, specializing in the design, manufacture, and marketing of sports equipment, apparel, and footwear. The company operates through several well-known brands, including Salomon, Wilson, Atomic, and Suunto, covering a broad range of sports such as skiing, tennis, and outdoor activities. Amer Sports focuses on innovation and performance, catering to both professional athletes and recreational sports enthusiasts.

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: Positive
• Last Price: 37.45
• 50DMA: Negative
• 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 AS, the sentiment is Positive. The current price of 37.45 is below the 20-day moving average (MA) of 38.23, below the 50-day MA of 38.08, and above the 200-day MA of 32.11, indicating a neutral trend. The MACD of -0.29 indicates Positive momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 60.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AS.

Amer Sports, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AS	77 Outperform	$20.74B	90.99	4.71%	―	22.86%	―
GOLF	69 Neutral	4.37B	19.91	0.03%	1.28%	3.83%	28.57%
YETI	69 Neutral	2.81B	16.50	22.07%	―	3.63%	-2.60%
LTH	66 Neutral	6.12B	27.24	7.90%	―	17.25%	93.88%
MODG	57 Neutral	1.71B	-1.14	-60.04%	―	-2.35%	-7104.57%
PTON	56 Neutral	3.37B	-26.77	28.74%	―	-7.76%	79.66%
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.