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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#406
Positioning
Market Dominance
Manufacturing
Apparel
$14.1B
Jie (James) Zheng
Our vision is to be the global leader in premium sports and outdoor brands. Amer Sports is a global group of iconic sports and outdoor brands, including ArcÕteryx, Salomon, Wilson, Atomic and Peak Performance. We were incorporated as Amer Sports Management Holding (Cayman) Limited in the Cayman Islands as an exempted company with limited liability on January 3, 2020. On August 4, 2023, we changed our name to Amer Sports, Inc. Our registered offices are located at Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands. Our telephone number at this address is +1 345 945 3901. Our corporate offices are located at Konepajankuja 6, 00511 Helsinki, Finland.
Headcount
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = AS ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AS Amer Sports, Inc. | 63 | 77 | 66 | 57 | 135.0x | 8.1x | 6.3% | 3.8% | 55.4% | 9.1% | 1.5% | 17.8% | 0.0% | 25.0x | $14.1B | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
Amer Sports, Inc. (AS) receives a "Hold" rating with a composite score of 63.2/100. It ranks #406 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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HQ Base
HELSINKI,
In-line with peers — no strong momentum signal
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Average volatility — neutral timing signal
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for AS.
View All RatingsROIC 29.3% vs WACC 9.9% (spread +19.4%)
GM 55% vs sector 44%, OM 9% vs sector 3%
Capital turnover 5.86x
Rev growth 18%, 2yr history
Interest coverage 1.6x, Net debt/EBITDA 1.2x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Amer Sports, Inc. (AS) as a Hold with a composite score of 63.2/100 at a current price of $38.29. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
Amer Sports, Inc. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 63.2/100 places it at rank #406 in our full universe.
Narrow
Low
Standard
Undervalued
Gross margins of 55% signal strong pricing power.
Value factor score of 66 suggests attractive pricing.
Stable competitive position in a defensive sector.
Elevated P/E ratio of 135.0x leaves little room for execution misses.
Vulnerability to macroeconomic shocks and interest rate volatility.
Amer Sports, Inc. represents a hold based on multi-factor quantitative performance.
Our model assigns Amer Sports, Inc. a Hold rating, with a composite score of 63.2/100 and 3 out of 5 stars. Ranked #406 of 7,333 stocks, AS presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
AS earns a quality score of 77/100, indicating above-average business quality. The company reports a return on equity of 6.3% (sector avg: -1.9%), gross margins of 55.4% (sector avg: 44.1%), net margins of 1.5% (sector avg: 1.0%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
AS's value score of 66/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 134.97x, an EV/EBITDA of 8.11x, a P/B ratio of 4.65x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
With an investment score of 47/100, AS exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of 17.8% vs. a sector average of 6.7% and a return on assets of 3.8% (sector: 0.9%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
AS demonstrates moderate momentum with a score of 57/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at 17.8% year-over-year, while a beta of 1.18 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
With a stability score of 60/100, AS exhibits average financial resilience. Key stability metrics include a beta of 1.18 and a debt-to-equity ratio of 25.00x (sector avg: 0.2x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
The short interest score of 44/100 for AS suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 25.00x). With a $14.1B market cap (large-cap), Amer Sports, Inc. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
Amer Sports, Inc. is a large-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #406 of 7,333 overall (94th percentile). Key comparisons include ROE of 6.3% exceeding the -1.9% sector median and operating margins of 9.1% above the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While AS currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
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Short Int. (44) is the limiting factor — improvement here would lift the composite score most.
EV/EBITDA 29% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 430% BELOW SECTOR MEDIAN
Gross Margin 26% ABOVE SECTOR MEDIAN (FAVORABLE)
Above 50MA
37.18%
Net New Highs
+51081
Amer Sports (AS) Q4 2025 earnings call highlights: Arc’teryx & Salomon drive growth, margin/SG&A trade-offs, and 2026 guidance—read now.
Amer Sports Inc (AS) reports a robust 27% revenue increase in 2025, driven by strong performance across all segments and strategic store expansions.
Amer Sports reported a strong Q3 with 30% revenue growth, boosted guidance for 2025, and saw stock price increase by over 9% due to strong performance in Salomon footwear and Arc'teryx brands.
Amer Sports stock fell 4.42% Tuesday despite beating Q4 earnings expectations (31 cents EPS vs. 28 cents consensus) and delivering 28% revenue growth to $2.101 billion. The decline was driven by cautious forward guidance, with full-year 2026 EPS forecast of $1.10-$1.15 below the $1.15 consensus estimate, and Q1 2026 EPS guidance of 28-30 cents below the 32-cent estimate. However, full-year sales guidance of $7.617-$7.748 billion exceeded analyst expectations.
Amer Sports (NYSE:AS) executives highlighted strong full-year and fourth-quarter results for fiscal 2025, while signaling continued momentum into early 2026 alongside stepped-up investment to support growth—particularly at Salomon. 2025 capped by broad-based growth and margin expansion CEO James Zh