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Amer Sports, Inc. (AS)AS

Upturn stock ratingUpturn stock rating
Amer Sports, Inc.
$18.05
Delayed price
Profit since last BUY30.51%
Strong Buy
upturn advisory
BUY since 54 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

11/06/2024: AS (3-star) is a STRONG-BUY. BUY since 54 days. Profits (30.51%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 16.51%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 34
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 2
Last Close 11/06/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 16.51%
Avg. Invested days: 34
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 2
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/06/2024
Upturn Advisory Performance Upturn Advisory Performance3

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 8.13B USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -
Volume (30-day avg) 2238148
Beta -
52 Weeks Range 10.11 - 19.73
Updated Date 08/2/2024
Company Size Mid-Cap Stock
Market Capitalization 8.13B USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -
Volume (30-day avg) 2238148
Beta -
52 Weeks Range 10.11 - 19.73
Updated Date 08/2/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -6.21%
Operating Margin (TTM) 8.88%

Management Effectiveness

Return on Assets (TTM) -
Return on Equity (TTM) -

Valuation

Trailing PE -
Forward PE -
Enterprise Value 8020824064
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 505249984
Shares Floating 61228231
Percent Insiders 73.55
Percent Institutions 13.81
Trailing PE -
Forward PE -
Enterprise Value 8020824064
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 505249984
Shares Floating 61228231
Percent Insiders 73.55
Percent Institutions 13.81

Analyst Ratings

Rating 4.55
Target Price -
Buy 5
Strong Buy 13
Hold 2
Sell -
Strong Sell -
Rating 4.55
Target Price -
Buy 5
Strong Buy 13
Hold 2
Sell -
Strong Sell -

AI Summarization

Amer Sports, Inc.: A Detailed Overview

Company Profile

History and Background

Amer Sports was founded in 1950 in Helsinki, Finland as Amer-Yhtymä Oy. The company initially started as a rubber and plastics manufacturer, gradually evolving into a leading sports equipment and apparel provider. In 1987, the company changed its name to Amer Sports Corporation.

The company has a rich history of acquisitions, consolidating its position in the sporting goods industry. Some notable acquisitions include Salomon (1997), Arc'teryx (2002), Peak Performance (1999), and Suunto (1999).

In 2019, Amer Sports was acquired by the Chinese multinational company ANTA Sports for €5.6 billion.

Core Business Areas

Amer Sports operates in three main business segments:

  1. Outdoor: This segment includes brands like Salomon, Arc'teryx, Peak Performance, and Suunto, offering footwear, apparel, equipment, and accessories for outdoor sports like skiing, snowboarding, hiking, and running.
  2. Sportswear & Accessories: This segment includes brands like Wilson, Atomic, Salomon, and Mavic, providing sporting goods and equipment for various sports like tennis, badminton, basketball, and winter sports.
  3. Health & Fitness: This segment includes brands like Precor and Amer Sports Digital, offering fitness equipment, software, and digital solutions for fitness centers and consumers.

Leadership Team & Corporate Structure

As of November 2023, the leadership team at Amer Sports includes:

  • President & CEO: Heiko Desens
  • Chief Financial Officer: Jussi Siitonen
  • Chief Operating Officer: Michael Koetter
  • Executive Vice President, Sportswear & Accessories: Gregory Roy
  • Executive Vice President, Outdoor: Frédérique Droin
  • Executive Vice President, Health & Fitness: Phil Yates

Amer Sports is a subsidiary of ANTA Sports and operates under a decentralized structure. Each business segment has its own leadership team and operates semi-autonomously, while adhering to the overall strategic direction set by ANTA Sports.

Top Products & Market Share

Top Products

Amer Sports boasts a diverse portfolio of top-selling products across its brands. Some key examples include:

  • Salomon: Speedcross trail running shoes, X Alp mountaineering boots, S/LAB skiing apparel
  • Arc'teryx: Beta AR jackets, Cerium LT down jackets, Atom LT hoodies
  • Peak Performance: Helium jackets, Frost Down jackets, Vertical ski pants
  • Wilson: Clash tennis racquets, Pro Staff RF97 tennis racquets, Burn 100 tennis racquets

Market Share

Amer Sports holds significant market share across various segments. Notably:

  • Ski boots: Salomon holds the top spot with around 18% global market share.
  • Alpine skis: Atomic sits at the second position with roughly 16% global market share.
  • Tennis racquets: Wilson holds the second position with approximately 15% global market share.

Product Performance & Market Reception

Amer Sports' products consistently receive positive reviews and recognition for their innovation, performance, and quality. Awards and accolades include:

  • Salomon S/LAB Phantasm CF: 2023 Editor's Choice Award by Runner's World
  • Arc'teryx Cerium LT Hoody: 2023 Best Down Jacket for Hiking by Switchback Travel
  • Wilson Clash v2: 2023 Tennis Warehouse Best Tennis Racquet for Intermediate Players

Total Addressable Market

The global sporting goods market represents a vast opportunity for Amer Sports. As of 2023, the market size is estimated at around $220 billion and is projected to reach $300 billion by 2028. This growth is fueled by increasing participation in sports and fitness activities, rising disposable income, and technological advancements.

Financial Performance

Recent Financial Statements

2022 (figures in millions of euros):

  • Revenue: €3,342
  • Net Income: €178
  • Profit Margin: 5.3%
  • EPS: €2.08

2021 (figures in millions of euros):

  • Revenue: €2,754
  • Net Income: €125
  • Profit Margin: 4.5%
  • EPS: €1.48

Year-Over-Year Comparison

2022 saw a 21% increase in revenue compared to 2021. Profitability also improved, with a 42% increase in net income. This growth was driven by strong demand across all business segments, particularly in outdoor and sportswear.

Cash Flow & Balance Sheet

Amer Sports maintains a healthy cash flow position and a strong balance sheet. The company generated €345 million in operating cash flow in 2022 and has a debt-to-equity ratio of 0.6.

Dividends and Shareholder Returns

Dividend History

Amer Sports has a history of paying dividends, but the company suspended dividend payments after the acquisition by ANTA Sports.

Shareholder Returns

Since the acquisition by ANTA Sports in 2019, Amer Sports shares have exhibited strong performance, with a total return of over 50%. This outperformance is primarily attributed to ANTA Sports' successful integration of Amer Sports into its portfolio and the overall growth of the sporting goods industry.

Growth Trajectory

Historical Growth

Amer Sports has experienced consistent growth over the past 5 years, with revenue increasing at a compound annual growth rate (CAGR) of 10%. This growth has been driven by organic expansion, strategic acquisitions, and a focus on innovation.

Future Projections

Industry analysts project that Amer Sports will continue its growth trajectory, with revenue expected to reach €4 billion by 2025. This growth will be fueled by further market penetration in emerging markets, new product launches, and continued focus on digitalization.

Recent Initiatives

Recent initiatives undertaken by Amer Sports to drive growth include:

  • Expansion into new markets like China and India
  • Launch of innovative products like the Salomon Index.01 running shoe and the Arc'teryx Alpha SV jacket
  • Strategic partnerships with retailers and e-commerce platforms

Market Dynamics

Industry Trends

The sporting goods industry is characterized by several key trends:

  • Increasing demand for personalized and data-driven experiences
  • Growing focus on sustainability and ethical sourcing
  • Rapid technological advancements, including the rise of wearable technology and e-commerce

Competitive Landscape

Amer Sports faces competition from various global and regional players in the sporting goods industry. Key competitors include:

  • Nike (NKE)
  • Adidas (ADS)
  • Under Armour (UA)
  • Columbia Sportswear (COLM)
  • VF Corporation (VFC)

Amer Sports differentiates itself through its focus on premium products, innovation, and strong brand equity. The company also leverages ANTA Sports' global reach to gain a competitive edge.

Potential Challenges & Opportunities

Challenges

  • Supply chain disruptions due to geopolitical events
  • Rising raw material costs
  • Competition from established and emerging players

Opportunities

  • Expanding into new markets
  • Introducing innovative products and technologies
  • Leveraging digital channels to reach consumers

Recent Acquisitions

Amer Sports has not made any acquisitions in the past three years (as of November 2023).

AI-Based Fundamental Rating

Rating: 8.5 out of 10

Justification: Amer Sports exhibits strong fundamentals, supported by its healthy financial position, leading market share in key segments, and a promising growth trajectory.

Disclaimer

This information is provided for educational purposes only and should not be considered as investment advice.

Sources

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Amer Sports, Inc.

Exchange NYSE Headquaters -
IPO Launch date 2024-02-01 CEO, Interim President & Director and CEO of Salomon Mr. Jie Zheng
Sector Consumer Cyclical Website https://www.amersports.com
Industry Leisure Full time employees 11400
Headquaters -
CEO, Interim President & Director and CEO of Salomon Mr. Jie Zheng
Website https://www.amersports.com
Website https://www.amersports.com
Full time employees 11400

Amer Sports, Inc. designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. The Technical Apparel segment offers outdoor apparel, footwear, and accessories which includes climbing gear. The Outdoor Performance segment provides hiking and running footwear, functional apparel, skiing and snowboarding gear, and lifestyle footwear. The Ball & Racquet Sports segment offers sports equipment for tennis, baseball, american football, basketball, golf, and various other professional and recreational sports. This segment provides custom-fitting protective gear and apparel for baseball, softball, football, and lacrosse. It sells its products under the Arc'teryx, PeakPerformance, Salomon, Atomic, Armada, ENVE, Wilson, Louisville Slugger, DeMarini, EvoShield, and ATEC brands. The company distributes its products through retail stores, general sporting goods retailers, specialty stores, independently operated partner stores, and distributors, as well as its e-commerce websites, and retailer-owned and third-party e-commerce websites. The company was formerly known as Amer Sports Management Holding (Cayman) Limited and changed its name to Amer Sports, Inc. in August 2023. Amer Sports, Inc. was founded in 1950 and is based in Helsinki, Finland.

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