AS - Amer Sports, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$51.29
DETAILS
HIGH:
$62.00
LOW:
$45.00
MEDIAN:
$50.00
CONSENSUS:
$51.29
UPSIDE:
45.46%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 6,566.2 | 5,183.3 | 4,400.4 | 3,571.2 | 3,066.5 | 2,446.3 |
| Cost of Revenue | 2,781.9 | 2,311.5 | 2,092.3 | 1,785.2 | 1,560.9 | 1,297.4 |
| Gross Profit | 3,784.3 | 2,871.8 | 2,308.1 | 1,786 | 1,505.6 | 1,148.9 |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 3,104.6 | 2,430.4 | 2,014.5 | 1,545 | 1,327 | 1,010.5 |
| Other Expenses | 0 | (29.4) | (8.9) | 190.4 | (8.3) | 13.3 |
| Operating Expenses | 3,104.6 | 2,401 | 2,005.6 | 1,735.4 | 1,318.7 | 1,023.8 |
| Operating Income | ||||||
| Operating Income | 679.7 | 470.8 | 302.5 | 50.6 | 186.9 | 125.1 |
| Interest Expense | 97.7 | 230.8 | 401.7 | 248.9 | 278.6 | 272.4 |
| Interest Income | 6.4 | 8.8 | 2.4 | 3.1 | 1.6 | 1 |
| Profitability | ||||||
| EBITDA | 1,106.4 | 653.8 | 518 | 258.3 | 381.6 | 342.7 |
| EBIT | 722.2 | 380 | 297.1 | 61.3 | 175.5 | 112.6 |
| Income Before Tax | 624.5 | 161.2 | (104.6) | (182.6) | (89.8) | (147.4) |
| Income Tax Expense | 184.1 | 82.8 | 104.2 | 48.3 | 34.7 | 26.2 |
| Net Income | 427.4 | 72.6 | (208.6) | (252.7) | (126.3) | (237.2) |
| Per Share Data | ||||||
| EPS (Basic) | 0.77 | 0.15 | -0.43 | -0.52 | -0.26 | -0.48 |
| EPS (Diluted) | 0.76 | 0.14 | -0.43 | -0.52 | -0.26 | -0.48 |
| Shares Outstanding | 555.6 | 498.0 | 489.5 | 489.5 | 489.5 | 489.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 652.3 | 345.4 | 483.4 | 402 | 566.7 | 389.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 829.6 | 746.7 | 717 | 757.9 | 629.7 | 602.9 |
| Inventory | 1,622.1 | 1,223.3 | 1,099.6 | 855.0 | 512.5 | 569.5 |
| Other Current Assets | 200 | 43.7 | 12.5 | 81.0 | 144.8 | 558.5 |
| Total Current Assets | 3,304 | 2,399.3 | 2,351.7 | 2,172.7 | 1,892.3 | 2,155.6 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 1,461.2 | 1,073.8 | 719 | 511.1 | 510.5 | 653.6 |
| Goodwill | 2,338.3 | 2,127.7 | 2,270 | 2,242.4 | 2,480.3 | 2,561.2 |
| Intangible Assets | 2,782 | 2,590.1 | 2,748.7 | 2,756 | 2,870.4 | 3,083.3 |
| Long-Term Investments | 70.7 | 16.8 | 9.2 | 8.3 | 0.3 | 0.4 |
| Other Non-Current Assets | 24.1 | 61 | 113.5 | (257.9) | (623.8) | 13.5 |
| Total Non-Current Assets | 6,760.4 | 5,937 | 6,022.1 | 5,361.8 | 5,326.9 | 6,466.9 |
| Total Assets | 10,064.4 | 8,336.3 | 8,373.8 | 7,397.6 | 6,990.9 | 8,622.5 |
| Current Liabilities | ||||||
| Account Payables | 769.8 | 549 | 426.5 | 435.6 | 320.2 | 293 |
| Short-Term Debt | 299.9 | 136.5 | 381 | 208.3 | 34.8 | 198.2 |
| Deferred Revenue | 0 | 0 | 50.7 | 45.9 | 53 | 38.2 |
| Other Current Liabilities | 1,044.5 | 667.3 | 398.7 | 137.1 | 107.6 | 294.7 |
| Total Current Liabilities | 2,209.2 | 1,554.4 | 1,573.9 | 1,279.4 | 947.2 | 1,159.9 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 1,453.2 | 790.8 | 5,940.4 | 5,831.2 | 6,036 | 6,526.3 |
| Deferred Tax Liabilities | 519.5 | 487.4 | 675 | 655.3 | 678.3 | 0 |
| Other Non-Current Liabilities | (599.3) | 56.3 | 90.9 | 70.1 | 92.4 | 894.2 |
| Total Non-Current Liabilities | 2,034.3 | 1,773.5 | 6,956.7 | 6,689.6 | 6,964.9 | 7,615.5 |
| Total Liabilities | 4,243.5 | 3,327.9 | 8,530.6 | 7,466.9 | 6,957.5 | 8,775.4 |
| Stockholders' Equity | ||||||
| Common Stock | 18.6 | 18.4 | 642.2 | 601.7 | 563.1 | 640.4 |
| Retained Earnings | (213.6) | (984.9) | (1,057.5) | (805.6) | (524.3) | (469.9) |
| Accumulated Other Comprehensive Income | 2,789.2 | 2,776.7 | 255.1 | 134.6 | (5.5) | (323.4) |
| Total Stockholders' Equity | 5,802 | 4,999.3 | (160.2) | (69.2) | 33.4 | (152.9) |
| Total Liabilities & Equity | 10,064.4 | 8,336.3 | 8,373.8 | 7,397.6 | 6,990.9 | 8,622.5 |
| Debt Metrics | ||||||
| Total Debt | 2,414 | 1,483.2 | 6,661.2 | 6,236 | 6,295.5 | 6,985.5 |
| Net Debt | 1,761.7 | 1,137.8 | 6,177.8 | 5,834 | 5,728.8 | 6,596 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 427.4 | 72.6 | (208.6) | (230.9) | (124.5) | (173.6) |
| Depreciation & Amortization | 384.2 | 273.8 | 220.9 | 194.3 | 195.7 | 179.9 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (110.8) | 15.9 | (91.7) | (354.9) | 78.7 | 120.3 |
| Other Non-Cash Items | 28.4 | 62.4 | 278.4 | 299.8 | 118.1 | 171.3 |
| Operating Cash Flow | 729.2 | 424.7 | 199 | (91.7) | 268 | 297.9 |
| Investing Activities | ||||||
| Capital Expenditure | (225.5) | (241.7) | (139.1) | (87.6) | (65.9) | (92.1) |
| Acquisitions | (45.4) | 19.7 | (3) | 20.5 | 394.3 | 0.1 |
| Purchases of Investments | 0 | 0 | 0 | (19.4) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (338.1) | (268.3) | (154.8) | (118.6) | 295.4 | (106.7) |
| Financing Activities | ||||||
| Net Debt Issuance | 3.5 | (2,728.7) | 104.1 | 184 | (295) | (89.8) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (163.7) | (110.8) | (69.1) | (102.9) | (74.7) | (75.5) |
| Financing Cash Flow | (123.4) | (266) | 35 | 81.1 | (369.7) | (165.3) |
| Cash Position | ||||||
| Net Change in Cash | 306.9 | (138) | 81.4 | (164.7) | 566.7 | 0 |
| Cash at Beginning | 345.4 | 483.4 | 402 | 566.7 | 0 | 0 |
| Cash at End | 652.3 | 345.4 | 483.4 | 402 | 566.7 | 0 |
| Free Cash Flow | 503.7 | 183 | 59.9 | (179.3) | 202.1 | 205.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 6,566.2 | 5,183.3 | 4,400.4 | 3,571.2 | 3,066.5 | 2,446.3 |
| Gross Profit | 3,784.3 | 2,871.8 | 2,308.1 | 1,786 | 1,505.6 | 1,148.9 |
| Operating Income | 679.7 | 470.8 | 302.5 | 50.6 | 186.9 | 125.1 |
| Net Income | 427.4 | 72.6 | (208.6) | (252.7) | (126.3) | (237.2) |
| EPS (Diluted) | 0.76 | 0.14 | -0.43 | -0.52 | -0.26 | -0.48 |
| Balance Sheet | ||||||
| Cash & Equivalents | 652.3 | 345.4 | 483.4 | 402 | 566.7 | 389.5 |
| Total Assets | 10,064.4 | 8,336.3 | 8,373.8 | 7,397.6 | 6,990.9 | 8,622.5 |
| Total Debt | 2,414 | 1,483.2 | 6,661.2 | 6,236 | 6,295.5 | 6,985.5 |
| Stockholders' Equity | 5,802 | 4,999.3 | (160.2) | (69.2) | 33.4 | (152.9) |
| Cash Flow | ||||||
| Operating Cash Flow | 729.2 | 424.7 | 199 | (91.7) | 268 | 297.9 |
| Capital Expenditure | (225.5) | (241.7) | (139.1) | (87.6) | (65.9) | (92.1) |
| Free Cash Flow | 503.7 | 183 | 59.9 | (179.3) | 202.1 | 205.8 |