Financials Amer Sports, Inc.

Equities

AS

KYG0260P1028

Other Specialty Retailers

End-of-day quote Nyse Other stock markets 06:00:00 2024-05-19 pm EDT			5-day change	1st Jan Change
16.03 ^USD	-0.74%		-1.35%	0.00%

May. 23	Morgan Stanley Trims Price Target on Amer Sports to $15 From $16, Maintains Equal-Weight Rating	MT
May. 21	Wilson tennis racket maker Amer Sports beats Q1 estimates on robust demand	RE

Valuation

Fiscal Period: December	2024	2025	2026
Capitalization ¹	7,528	-	-
Enterprise Value (EV) ¹	9,435	9,293	9,173
P/E ratio	38.4 x	22.9 x	17.1 x
Yield	-	-	-
Capitalization / Revenue	1.5 x	1.33 x	1.19 x
EV / Revenue	1.89 x	1.65 x	1.45 x
EV / EBITDA	12.7 x	10.6 x	9.12 x
EV / FCF	88.8 x	42 x	34.7 x
FCF Yield	1.13%	2.38%	2.88%
Price to Book	1.77 x	1.6 x	1.4 x
Nbr of stocks (in thousands)	505,250	-	-
Reference price ²	14.90	14.90	14.90
Announcement Date	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	4,368	5,005	5,645	6,341
EBITDA ¹	-	611	742.9	876.5	1,006
EBIT ¹	-	433	545.6	660.9	797
Operating Margin	-	9.91%	10.9%	11.71%	12.57%
Earnings before Tax (EBT) ¹	-	-104.6	292.3	485.4	637.9
Net income ¹	-252.7	-208.6	195.3	325.4	452.4
Net margin	-	-4.78%	3.9%	5.76%	7.13%
EPS ²	-0.1979	-0.5400	0.3881	0.6518	0.8716
Free Cash Flow ¹	-	-	106.2	221	264.5
FCF margin	-	-	2.12%	3.91%	4.17%
FCF Conversion (EBITDA)	-	-	14.3%	25.21%	26.29%
FCF Conversion (Net income)	-	-	54.42%	67.92%	58.47%
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	2025 Q2
Net sales ¹	1,315	1,183	950.3	1,300	1,585	1,334	1,080
EBITDA ¹	189	182	51.73	211.5	297.2	224.4	81.4
EBIT ¹	137	130	3.836	162.1	251.8	177.5	38.44
Operating Margin	10.42%	10.99%	0.4%	12.47%	15.89%	13.31%	3.56%
Earnings before Tax (EBT) ¹	-55.1	15.1	-47.85	126.1	212.3	137.3	-18.66
Net income ¹	-93	5.1	-28.98	66.37	119.7	85.85	-13.22
Net margin	-7.07%	0.43%	-3.05%	5.1%	7.55%	6.44%	-1.22%
EPS ²	-0.2500	0.0100	-0.0554	0.1322	0.2441	0.1790	-0.0294
Dividend per Share ²	-	-	-	-	-	-	-
Announcement Date	3/5/24	5/21/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	-	1,907	1,764	1,644
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	2.567 x	2.013 x	1.634 x
Free Cash Flow ¹	-	-	106	221	265
ROE (net income / shareholders' equity)	-	-	9.49%	8.03%	9.55%
ROA (Net income/ Total Assets)	-	-	2.02%	3.76%	4.95%
Assets ¹	-	-	9,678	8,660	9,136
Book Value Per Share ²	-	-	8.440	9.330	10.60
Cash Flow per Share ²	-	-	0.9400	0.8800	1.620
Capex ¹	-	-	299	306	324
Capex / Sales	-	-	5.98%	5.42%	5.1%
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

14.9 USD

Average target price

19.2 USD

Spread / Average Target

+28.89%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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