Amer Sports, Inc.
Amer Sports, Inc. is a global sporting goods company that develops, manufactures, markets, and sells sports equipment, apparel, footwear, and accessories. Its portfolio centers on well-known brands such as Arc’teryx, Salomon, Wilson, Atomic, and Peak Performance, serving outdoor, winter sports, racquet sports, and team sports categories. The company’s current business is organized around Technical Apparel, Outdoor Performance, and Ball & Racquet Sports, reflecting a focus on premium and performance-oriented products. Amer Sports distributes through wholesale and direct-to-consumer channels across major regions including North America, Europe, Greater China, and Asia Pacific. Headquartered in Helsinki, Finland, Amer Sports plays a significant role in the global market for branded sports and outdoor products, where it combines technical design, functional innovation, and broad international reach.
$28.98
-$0.60 (-2.03%)
Price from 2 days ago
13.04% operating margin is respectable but not wide. ROIC at 7.16%.
Revenue grew 26.7% in the fiscal year ended Dec 2025, still solid.
At 30.73x earnings, the multiple leaves limited room for execution misses or growth deceleration.
30.73x earnings, 39.06x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$7.44B
▲ +26.7% YoY
Net Income (TTM)
$568M
▲ +461.7% YoY
Op. Margin
13.04%
▲ +1.8pp YoY
ROIC
7.16%
▲ +3.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$437M
▲ +219.8% YoY
Op. Cash Flow (FY)
$730M
▲ +4.7% YoY
Net Debt
$1.10B
Cash & Equiv.
$652M
3Y CAGR: +22.8%
Continue Research
Is Amer Sports (AS) overvalued?
At a P/E of 30.7 and a price-to-free-cash-flow of 39.1, Amer Sports (AS) trades around a two-stage DCF intrinsic value of about $35.59 per share, so at $28.98 the stock looks around fair value (22.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Amer Sports scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Amer Sports's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $35.59 per share for AS, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $26.69. At today's $28.98, that puts the stock about 22.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Amer Sports a high-quality business?+
Amer Sports scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 13.0% operating margin and a 7.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Amer Sports a good stock to buy right now?+
That depends on valuation and quality together, not either alone. AS currently trades around its estimated intrinsic value and scores 55/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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