Financials Amer Sports, Inc.

Equities

AS

KYG0260P1028

Other Specialty Retailers

End-of-day quote Nyse Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
14.81 ^USD	+3.93%		+2.28%	0.00%

Apr. 29	Citic Securities Starts Amer Sports With Buy Rating, $20 Price Target	MT
Apr. 25	Wells Fargo Adjusts Amer Sports Price Target to $17 From $19, Maintains Overweight Rating	MT

Valuation

Fiscal Period: December	2024	2025	2026
Capitalization ¹	7,483	-	-
Enterprise Value (EV) ¹	9,390	9,242	8,976
P/E ratio	39.6 x	23.2 x	17.4 x
Yield	-	-	-
Capitalization / Revenue	1.5 x	1.33 x	1.19 x
EV / Revenue	1.89 x	1.65 x	1.42 x
EV / EBITDA	12.9 x	10.5 x	8.84 x
EV / FCF	-12,520 x	49.5 x	33.9 x
FCF Yield	-0.01%	2.02%	2.95%
Price to Book	1.78 x	1.67 x	1.42 x
Nbr of stocks (in thousands)	505,250	-	-
Reference price ²	14.81	14.81	14.81
Announcement Date	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	4,368	4,974	5,609	6,310
EBITDA ¹	-	611	729.2	883	1,016
EBIT ¹	-	433	530.5	656	793.3
Operating Margin	-	9.91%	10.67%	11.7%	12.57%
Earnings before Tax (EBT) ¹	-	-104.6	241.9	464.9	620.1
Net income ¹	-252.7	-208.6	179.7	320.6	438.4
Net margin	-	-4.78%	3.61%	5.72%	6.95%
EPS ²	-0.1979	-0.5400	0.3740	0.6378	0.8527
Free Cash Flow ¹	-	-	-0.75	186.7	264.5
FCF margin	-	-	-0.02%	3.33%	4.19%
FCF Conversion (EBITDA)	-	-	-	21.15%	26.04%
FCF Conversion (Net income)	-	-	-	58.24%	60.34%
Dividend per Share ²	-	-	-	-	-
Announcement Date	1/4/24	3/5/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	1,315	1,129	953.6	1,298	1,587	1,290
EBITDA ¹	189	155.9	59.48	203	295.5	212.5
EBIT ¹	137	113.9	17.63	157	252.8	168.8
Operating Margin	10.42%	10.09%	1.85%	12.1%	15.93%	13.08%
Earnings before Tax (EBT) ¹	-55.1	-25.35	-58.7	118.9	217.9	118.8
Net income ¹	-93	-6.473	-35.03	68.64	134	83.64
Net margin	-7.07%	-0.57%	-3.67%	5.29%	8.44%	6.48%
EPS ²	-0.2500	0.0309	-0.0505	0.1422	0.2740	0.1664
Dividend per Share ²	-	-	-	-	-	-
Announcement Date	3/5/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	-	1,907	1,759	1,493
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	2.616 x	1.992 x	1.47 x
Free Cash Flow ¹	-	-	-0.75	187	265
ROE (net income / shareholders' equity)	-	-	9.14%	8.29%	9.39%
ROA (Net income/ Total Assets)	-	-	2.12%	3.8%	4.88%
Assets ¹	-	-	8,469	8,445	8,992
Book Value Per Share ²	-	-	8.330	8.880	10.40
Cash Flow per Share ²	-	-	0.8500	1.020	1.570
Capex ¹	-	-	295	297	323
Capex / Sales	-	-	5.94%	5.3%	5.11%
Announcement Date	1/4/24	3/5/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Amer Sports, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.81 USD

Average target price

19.34 USD

Spread / Average Target

+30.57%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Sporting Goods Stores

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XXL ASA	-17.99%	170M
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.	-25.35%	120M

Sporting Goods Stores