Loading...

Amer Sports

HLSE:AMEAS
Snowflake Description

Moderate growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMEAS
HLSE
€5B
Market Cap
  1. Home
  2. FI
  3. Consumer Durables
Company description

Amer Sports Corporation, together with its subsidiaries, designs, manufactures, markets, distributes, and sells sports equipment, apparel, and footwear in Europe, the Asia Pacific, the Americas, and internationally. The last earnings update was 115 days ago. More info.


Add to Portfolio Compare Print
AMEAS Share Price and Events
7 Day Returns
0%
HLSE:AMEAS
1.2%
Europe Leisure
1.5%
FI Market
1 Year Returns
41.8%
HLSE:AMEAS
12.1%
Europe Leisure
-6.5%
FI Market
AMEAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amer Sports (AMEAS) 0% -0% 0% 41.8% 55.3% 164.7%
Europe Leisure 1.2% 0.3% 5.1% 12.1% 77.1% 91.5%
FI Market 1.5% -0.5% -5.4% -6.5% 23.4% 23.9%
1 Year Return vs Industry and Market
  • AMEAS outperformed the Leisure industry which returned 12.1% over the past year.
  • AMEAS outperformed the Market in Finland which returned -6.5% over the past year.
Price Volatility
AMEAS
Industry
5yr Volatility vs Market

Value

 Is Amer Sports undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Amer Sports to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Amer Sports.

HLSE:AMEAS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:AMEAS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.95 (1 + (1- 20%) (21.83%))
1.078
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.078 * 6.51%)
7.56%

Discounted Cash Flow Calculation for HLSE:AMEAS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Amer Sports is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

HLSE:AMEAS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.56%)
2019 207.70 Analyst x1 193.11
2020 169.40 Analyst x2 146.43
2021 175.00 Analyst x1 140.65
2022 184.00 Analyst x1 137.49
2023 190.00 Analyst x1 132.00
2024 194.58 Est @ 2.41% 125.68
2025 198.18 Est @ 1.85% 119.01
2026 201.06 Est @ 1.46% 112.26
2027 203.44 Est @ 1.18% 105.61
2028 205.45 Est @ 0.99% 99.16
Present value of next 10 years cash flows €1,311.41
HLSE:AMEAS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €205.45 × (1 + 0.54%) ÷ (7.56% – 0.54%)
€2,943.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,943.93 ÷ (1 + 7.56%)10
€1,420.91
HLSE:AMEAS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,311.41 + €1,420.91
€2,732.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,732.32 / 115.22
€23.71
HLSE:AMEAS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €23.71
Current discount Discount to share price of €40.00
= -1 x (€40.00 - €23.71) / €23.71
-68.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Amer Sports is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Amer Sports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amer Sports's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:AMEAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.08
HLSE:AMEAS Share Price ** HLSE (2019-06-17) in EUR €40
Europe Leisure Industry PE Ratio Median Figure of 24 Publicly-Listed Leisure Companies 19.45x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Amer Sports.

HLSE:AMEAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:AMEAS Share Price ÷ EPS (both in EUR)

= 40 ÷ 1.08

36.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amer Sports is overvalued based on earnings compared to the Europe Leisure industry average.
  • Amer Sports is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Amer Sports's expected growth come at a high price?
Raw Data
HLSE:AMEAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 36.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
15.1%per year
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.4x
Finland Market PEG Ratio Median Figure of 92 Publicly-Listed Companies 1.73x

*Line of best fit is calculated by linear regression .

HLSE:AMEAS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 36.89x ÷ 15.1%

2.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amer Sports is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Amer Sports's assets?
Raw Data
HLSE:AMEAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €7.99
HLSE:AMEAS Share Price * HLSE (2019-06-17) in EUR €40
Europe Leisure Industry PB Ratio Median Figure of 28 Publicly-Listed Leisure Companies 2.43x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.99x
HLSE:AMEAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:AMEAS Share Price ÷ Book Value per Share (both in EUR)

= 40 ÷ 7.99

5.01x

* Primary Listing of Amer Sports.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amer Sports is overvalued based on assets compared to the Europe Leisure industry average.
X
Value checks
We assess Amer Sports's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Amer Sports has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Amer Sports expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amer Sports expected to grow at an attractive rate?
  • Amer Sports's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Amer Sports's earnings growth is expected to exceed the Finland market average.
  • Amer Sports's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:AMEAS Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:AMEAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 15.1%
HLSE:AMEAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.4%
Europe Leisure Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.5%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:AMEAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:AMEAS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 275
2022-12-31 3,327 265 230 1
2021-12-31 3,169 251 214 1
2020-12-31 2,997 269 193 2
2019-12-31 2,869 287 187 2
HLSE:AMEAS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,678 127 125
2018-09-30 2,701 87 125
2018-06-30 2,641 162 96
2018-03-31 2,645 199 100
2017-12-31 2,575 241 94
2017-09-30 2,561 242 90
2017-06-30 2,600 228 114
2017-03-31 2,651 177 121
2016-12-31 2,622 150 127
2016-09-30 2,633 172 132
2016-06-30 2,610 143 131
2016-03-31 2,594 210 128

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Amer Sports's earnings are expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
  • Amer Sports's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:AMEAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Amer Sports Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:AMEAS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.99 1.99 1.99 1.00
2021-12-31 1.86 1.86 1.86 1.00
2020-12-31 1.67 1.73 1.62 2.00
2019-12-31 1.61 1.65 1.58 2.00
HLSE:AMEAS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.08
2018-09-30 1.08
2018-06-30 0.82
2018-03-31 0.86
2017-12-31 0.80
2017-09-30 0.77
2017-06-30 0.97
2017-03-31 1.03
2016-12-31 1.08
2016-09-30 1.13
2016-06-30 1.11
2016-03-31 1.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Amer Sports is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Amer Sports's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Amer Sports has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Amer Sports performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Amer Sports's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Amer Sports's year on year earnings growth rate has been positive over the past 5 years.
  • Amer Sports's 1-year earnings growth exceeds its 5-year average (33.2% vs 8.7%)
  • Amer Sports's earnings growth has exceeded the Europe Leisure industry average in the past year (33.2% vs 21.7%).
Earnings and Revenue History
Amer Sports's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Amer Sports Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:AMEAS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,678.20 124.90 914.70 95.00
2018-09-30 2,700.60 125.10 917.60 98.60
2018-06-30 2,641.30 95.60 905.50 97.30
2018-03-31 2,644.80 100.40 904.30 98.70
2017-12-31 2,574.60 93.80 866.10 92.70
2017-09-30 2,561.00 90.00 877.20 95.60
2017-06-30 2,599.90 113.50 904.90 97.50
2017-03-31 2,650.80 121.20 917.30 99.00
2016-12-31 2,622.10 126.90 914.40 95.20
2016-09-30 2,633.40 132.30 912.10 90.60
2016-06-30 2,610.30 130.90 897.20 87.90
2016-03-31 2,594.00 127.60 888.90 82.30
2015-12-31 2,534.40 121.60 868.20 77.70
2015-09-30 2,456.00 91.30 834.30 76.00
2015-06-30 2,388.10 65.50 805.20 74.20
2015-03-31 2,303.10 64.40 775.90 74.90
2014-12-31 2,228.70 55.40 746.20 76.20
2014-09-30 2,180.80 71.10 733.30 75.60
2014-06-30 2,143.90 82.60 723.20 75.00
2014-03-31 2,145.00 83.70 721.20 76.50
2013-12-31 2,136.50 90.30 712.00 76.20
2013-09-30 2,097.60 56.00 712.60 76.00
2013-06-30 2,090.60 57.20 714.00 76.30
2013-03-31 2,067.20 52.90 706.90 73.90
2012-12-31 2,064.00 56.90 703.20 72.20
2012-09-30 2,002.40 78.30 682.60 72.10
2012-06-30 1,959.70 77.50 673.50 68.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Amer Sports has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Amer Sports used its assets less efficiently than the Europe Leisure industry average last year based on Return on Assets.
  • Amer Sports's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Amer Sports's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Amer Sports has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Amer Sports's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Amer Sports's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amer Sports is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Amer Sports's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Amer Sports's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Amer Sports Company Filings, last reported 5 months ago.

HLSE:AMEAS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 920.10 1,006.20 249.60
2018-09-30 921.50 1,146.20 198.10
2018-06-30 841.90 973.10 152.90
2018-03-31 829.70 780.80 264.60
2017-12-31 885.40 819.10 358.40
2017-09-30 866.50 837.40 229.30
2017-06-30 840.50 830.80 246.40
2017-03-31 926.70 857.60 295.30
2016-12-31 1,003.10 899.90 364.00
2016-09-30 913.70 911.80 244.90
2016-06-30 858.20 829.80 229.90
2016-03-31 857.10 831.20 292.90
2015-12-31 949.60 791.70 331.40
2015-09-30 886.40 833.40 216.80
2015-06-30 804.40 655.90 109.60
2015-03-31 876.40 699.50 254.30
2014-12-31 842.80 659.30 240.20
2014-09-30 807.00 640.00 109.60
2014-06-30 719.70 541.90 86.90
2014-03-31 730.50 581.50 159.30
2013-12-31 761.30 701.70 270.00
2013-09-30 729.40 644.70 71.30
2013-06-30 694.40 550.60 96.90
2013-03-31 717.40 534.50 136.10
2012-12-31 731.80 576.80 142.50
2012-09-30 765.60 660.80 121.50
2012-06-30 725.90 673.70 216.70
  • Amer Sports's level of debt (109.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (92% vs 109.4% today).
  • Debt is not well covered by operating cash flow (12.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).
X
Financial health checks
We assess Amer Sports's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Amer Sports has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Amer Sports's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Amer Sports dividends. Estimated to be 2.13% next year.
If you bought €2,000 of Amer Sports shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Amer Sports's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Amer Sports's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:AMEAS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Leisure Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.4%
Finland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:AMEAS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.02 1.00
2020-12-31 0.83 2.00
2019-12-31 0.79 2.00
HLSE:AMEAS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-22 0.000 0.000
2019-02-07 0.000 0.000
2018-02-15 0.700 2.343
2018-02-08 0.700 2.818
2017-02-16 0.620 2.816
2017-02-09 0.620 2.702
2016-02-15 0.550 2.157
2016-02-03 0.550 2.290
2015-02-05 0.450 1.929
2014-01-28 0.400 2.586
2013-01-31 0.350 2.496
2012-08-02 0.330 3.123
2012-03-08 0.330 3.480
2011-03-10 0.300 3.081
2010-02-04 0.160 1.818

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Amer Sports has not reported any payouts.
  • Unable to verify if Amer Sports's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Amer Sports's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Amer Sports has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Amer Sports's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Amer Sports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amer Sports has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Amer Sports's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Heikki Takala
COMPENSATION €1,709,808
AGE 52
TENURE AS CEO 9.2 years
CEO Bio

Mr. Heikki Takala has been the Chief Executive Officer and President of Amer Sports Corporation since April 1, 2010 and has been its Member of Executive Board since 2010. Mr. Takala served as Commercial Director of Salon Professional Global Commercial Operations of Procter & Gamble. He held several line management positions in region and product line organizations in Procter & Gamble from 1992 to 2010. Mr. Takala has a Master of Science degree in International Business from Helsinki School of Economics and ESADE in Barcelona.

CEO Compensation
  • Heikki's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Heikki's remuneration is higher than average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Amer Sports management team in years:

8.5
Average Tenure
52
Average Age
  • The average tenure for the Amer Sports management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Heikki Takala

TITLE
President
COMPENSATION
€2M
AGE
52
TENURE
9.2 yrs

Jussi Siitonen

TITLE
CFO & Member of Executive Board
AGE
49
TENURE
8.4 yrs

Michael Schineis

TITLE
President of Winter Sports Equipment & Member of Executive Board
AGE
60
TENURE
17.4 yrs

Mike Dowse

TITLE
President of Ball Sports & Member of Executive Board
AGE
52
TENURE
8.7 yrs

Jean-Marc Pambet

TITLE
President of Footwear & Salomon and Member of Executive Board
AGE
59
TENURE
10.4 yrs

Michael White

TITLE
Chief Commercial Officer of Global Go to Market & Member of Executive Board
AGE
54
TENURE
8.7 yrs

Rob Barker

TITLE
President of Fitness & Member of Executive Board
AGE
52
TENURE
6.4 yrs

Heikki Norta

TITLE
President of Connected Devices & Digital Services and Member of Executive Board
AGE
51
TENURE
4.4 yrs

Sebastian Lund

TITLE
Chief Human Resources Officer & Member of Executive Board
AGE
48
TENURE
2.7 yrs

Jon Hoerauf

TITLE
President of Amer Sports - Apparel Category & Member of Executive Board
AGE
43
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Amer Sports board of directors in years:

0.2
Average Tenure
48
Average Age
  • The average tenure for the Amer Sports board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shizhong Ding

TITLE
Chairman of the Board
AGE
48
TENURE
0.2 yrs

James Zheng

TITLE
Director
AGE
50
TENURE
0.2 yrs

Shixian Lai

TITLE
Director
AGE
44
TENURE
0.2 yrs

Jennifer Zheng

TITLE
Director
AGE
46
TENURE
0.2 yrs

Frank Tang

TITLE
Director
AGE
50
TENURE
0.2 yrs

Chip Wilson

TITLE
Director
AGE
63
TENURE
0.2 yrs

Jeffrey Li

TITLE
Director
AGE
43
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Amer Sports's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Amer Sports has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Amer Sports Corporation's (HEL:AMEAS) 39% Earnings Growth Reflect The Long-Term Trend?

Examining how Amer Sports Corporation (HEL:AMEAS) is performing as a company requires looking at more than just a years' earnings. … Below, I will run you through a simple sense check to build perspective on how Amer Sports is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its leisure industry peers. … AMEAS's trailing twelve-month earnings (from 30 September 2018) of €125m has.

Simply Wall St -

A Closer Look At Amer Sports Corporation's (HEL:AMEAS) Impressive ROE

Over the last twelve months Amer Sports has recorded a ROE of 14%. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In Amer Sports Corporation (HEL:AMEAS)

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand Amer Sports’s capital returns we will look at a useful metric called return on capital employed. … Amer Sports's Return On Capital Employed

Simply Wall St -

Amer Sports Corporation (HEL:AMEAS): The Yield That Matters The Most

Two important questions to ask before you buy Amer Sports Corporation (HEL:AMEAS) is, how it makes money and how it spends its cash. … Amer Sports generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether Amer Sports’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

Simply Wall St -

How Has Amer Sports Corporation's (HEL:AMEAS) Earnings Fared Against The Long Term Trend

After reading Amer Sports Corporation's (HEL:AMEAS) most recent earnings announcement (30 June 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … AMEAS's trailing twelve-month earnings (from 30 June 2018) of €94.00m has

Simply Wall St -

Why Amer Sports Corporation's (HEL:AMEAS) Investor Composition Impacts Your Returns

Today, I will be analyzing Amer Sports Corporation’s (HEL:AMEAS) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Amer Sports Corporation (HEL:AMEAS) Delivered A Better ROE Than The Industry, Here’s Why

If AMEAS borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … Check out our latest analysis for Amer Sports

Simply Wall St -

Does Amer Sports Corporation's (HEL:AMEAS) PE Ratio Signal A Selling Opportunity?

AMEAS is priced at a steep multiple of 31.31x based on its prior year’s earnings,. … considerably outstripping the 28.03x average multiple of the FI Leisure. … To resolve this problem, I’ll identify some important factors to consider when judging the relative valuation of

Simply Wall St -

Is It Time To Sell Amer Sports Corporation (HEL:AMEAS) Based Off Its PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Amer Sports Corporation (HEL:AMEAS)’s fundamentals and stock market performance. … While this makes AMEAS appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Is Amer Sports Corporation (HEL:AMEAS) Potentially Underrated?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

Company Info

Description

Amer Sports Corporation, together with its subsidiaries, designs, manufactures, markets, distributes, and sells sports equipment, apparel, and footwear in Europe, the Asia Pacific, the Americas, and internationally. It operates through three segments: Outdoor, Ball Sports, and Fitness. The company offers footwear, apparel and accessories, winter sports equipment, cycling components, sports instruments, racquet and team sports equipment, golf equipment, and fitness equipment. Its products cover a range of sports, including tennis, badminton, golf, American football, soccer, baseball, basketball, alpine skiing, snowboarding, cross-country skiing, fitness training, cycling, running, hiking, and diving. The company sells its products to trade customers, such as sporting goods chains, specialty retailers, mass merchants, fitness clubs, and distributors, as well as directly to consumers through brand stores, factory outlets, and e-commerce. It sells its products primarily under Salomon, Wilson, Arc’teryx, Atomic, Peak Performance, Suunto, and Precor brands, as well as Salomon, Mavic, Armada Skis, Enve, Louisville Slugger, Demarini, and Sports Tracker brands. The company was founded in 1950 and is headquartered in Helsinki, Finland.

Details
Name: Amer Sports Corporation
AMEAS
Exchange: HLSE
Founded: 1950
€4,608,829,800
115,220,745
Website: http://www.amersports.com
Address: Amer Sports Corporation
Konepajankuja 6,
Helsinki,
Uusimaa, 00510,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE AMEAS Class A Shares OMX Nordic Exchange Helsinki FI EUR 02. Jan 1992
OTCPK AGPD.F Class A Shares Pink Sheets LLC US USD 02. Jan 1992
DB AMY Class A Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0K7Y Class A Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE AMEASH Class A Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
9,489
Amer Sports employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 20:42
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.