AS

Amer Sports

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Consumer Cyclical

industry

Leisure

Exchange

NYSE

County of HQ

Finland

Next Earnings Date

05/19/26

Business Summary

Amer Sports operates a portfolio-driven sporting goods platform, monetizing premium brands across apparel, footwear, and equipment within the global leisure market. Cash generation is driven by brand equity, pricing power, and retail as well as wholesale distribution channels that convert consumer demand into recurring seasonal revenue. The moat is rooted in brand recognition and product specialization, allowing the company to maintain a 7.40% operating margin in a competitive, trend-sensitive sector. Its ability to sustain a 14.50% ROE suggests disciplined capital allocation, but long-term defensibility depends on continued brand relevance and margin stability rather than structural barriers to entry.

VALUATION

P/E

46.3

Market Cap ($M USD)

$20,491

Forward P/E

23.6

PEG

-

PRICE TO SALES

3

PRICE TO BOOK

3.5

EV / EBITDA

19.5

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$0.77

Next Year EPS Growth Estimate

$1.49

Next Year Revenue Growth Estimate

14.50%

Return on Equity (ROE)

7.40%

Operating Margin

10.90%

Debt-to-Equity

0.3

Piotroski F-Score

7

Altman Z-Score

3.9

Return on Invested Capital (ROIC)

7.00%%

Current Ratio

1.5

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 46.3x earnings, AS Amer Sports is priced like a premium growth compounder, yet the Forward P/E of 23.6 implies a dramatic earnings ramp that the market is already discounting aggressively. The absence of a PEG ratio and limited forward clarity make this compression narrative speculative rather than confirmed. Financially, the balance sheet is not distressed — an Altman Z-Score of 3.9 and a Piotroski F-Score of 7 signal stability and operational competence — but with a 7.40% operating margin and 7.00% ROIC, this is not a high-return machine. The stock is not obviously mispriced; it is priced for improvement, and that makes execution risk the core variable.

AI Exposure / Tech Reliance

As a Consumer Cyclical company in Leisure, Amer Sports is not inherently AI-driven, meaning technological disruption risk is moderate rather than existential. AI will likely influence supply chain optimization, demand forecasting, and digital retail execution rather than core product relevance. The company’s resilience will depend more on brand strength and distribution efficiency than on proprietary technology leadership.

The Bull Case

A disciplined GARP investor could justify ownership based on quality signals and improving earnings optics. A Piotroski F-Score of 7 indicates solid financial health trends, while a 14.50% Return on Equity shows the company can generate respectable returns on shareholder capital without excessive leverage, given Debt/Equity of 10.90%. The Forward P/E of 23.6 versus a trailing 46.3 suggests material earnings acceleration, and if realized, that multiple compression could drive strong equity performance. Add a 3.9 Altman Z-Score and a 1.5 current ratio, and you have a company with manageable balance sheet risk and operational stability, trading at a Price/Sales of 3 and Price/Book of 3.5 — not cheap, but reasonable if margin expansion materializes.

The Bear Case

The bear case is straightforward: you are paying 46.3x earnings for a business with a 7.40% operating margin and 7.00% ROIC — that is a mismatch between price and underlying economic productivity. The lack of a defined PEG ratio removes visibility into whether growth justifies valuation, and with no clear short interest data, sentiment risk cannot be gauged. Debt/Equity at 10.90% is manageable but leaves limited room for error in a cyclical downturn, particularly in Consumer Cyclical where demand can compress quickly. If the earnings inflection implied by the 23.6 Forward P/E fails to materialize, multiple contraction alone could materially impair returns.

Market Sentiment & Smart Money

Short Interest %

6.70%

Analyst Consensus

1.13

Average Analyst Price Target

$49.53

Institutional Ownership %

32.60%

1-Year Beta

1.84

Insider Buying % (6 Mo)

62.60%%

Distance to 52-Week High

82.40%%

Distance to 52-Week Low

167.20%%