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2020

ANTA Sports Products SEHK:2020 Stock Report

Last Price

HK$88.80

Market Cap

HK$241.0b

7D

5.4%

1Y

-50.6%

Updated

24 Jun, 2022

Data

Company Financials +
2020 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends3/6

2020 Stock Overview

ANTA Sports Products Limited, together with its subsidiaries, designs, develops, manufactures, and markets sporting footwear, apparel, and accessories worldwide.

ANTA Sports Products Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for ANTA Sports Products
Historical stock prices
Current Share PriceHK$88.80
52 Week HighHK$191.90
52 Week LowHK$75.75
Beta0.94
1 Month Change12.76%
3 Month Change-8.83%
1 Year Change-50.64%
3 Year Change65.52%
5 Year Change244.19%
Change since IPO1,084.00%

Recent News & Updates

May 25
Should You Investigate ANTA Sports Products Limited (HKG:2020) At HK$79.35?

Should You Investigate ANTA Sports Products Limited (HKG:2020) At HK$79.35?

Today we're going to take a look at the well-established ANTA Sports Products Limited ( HKG:2020 ). The company's stock...

May 01
ANTA Sports Products (HKG:2020) Seems To Use Debt Rather Sparingly

ANTA Sports Products (HKG:2020) Seems To Use Debt Rather Sparingly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

2020HK LuxuryHK Market
7D5.4%-0.2%1.2%
1Y-50.6%-38.6%-23.3%

Return vs Industry: 2020 underperformed the Hong Kong Luxury industry which returned -38.6% over the past year.

Return vs Market: 2020 underperformed the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 2020's price volatile compared to industry and market?
2020 volatility
2020 Average Weekly Movement7.8%
Luxury Industry Average Movement6.6%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 2020 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 2020's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199152,000Shizhong Dinghttps://www.anta.com

ANTA Sports Products Limited, together with its subsidiaries, designs, develops, manufactures, and markets sporting footwear, apparel, and accessories worldwide. The company offers sportswear, including running, cross-training, basketball, soccer, boxing, winter sports, boxing, taekwondo, gymnastics, weightlifting, wrestling, outdoor sports, women's fitness, and skiing products, as well as sports fashion clothing, kid’s sports fashion clothing and sportswear, and leisure footwear products under the FILA, FILA KIDS, FILA FUSION, KINGKOW, KOLON SPORT, SPRANDI, FILA FUSION, ANTA, DESCENTE, and ANTA KIDS brands. It also provides management, product design, logistics, and information technology services; manufactures shoe soles; holds trademarks; and develops and manages properties.

ANTA Sports Products Fundamentals Summary

How do ANTA Sports Products's earnings and revenue compare to its market cap?
2020 fundamental statistics
Market CapCN¥205.62b
Earnings (TTM)CN¥7.72b
Revenue (TTM)CN¥49.33b

26.6x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2020 income statement (TTM)
RevenueCN¥49.33b
Cost of RevenueCN¥18.92b
Gross ProfitCN¥30.40b
Other ExpensesCN¥22.68b
EarningsCN¥7.72b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.84
Gross Margin61.64%
Net Profit Margin15.65%
Debt/Equity Ratio41.6%

How did 2020 perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2020 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2020?

Other financial metrics that can be useful for relative valuation.

2020 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4x
Enterprise Value/EBITDA17.4x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does 2020's PE Ratio compare to its peers?

2020 PE Ratio vs Peers
The above table shows the PE ratio for 2020 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.6x

Price-To-Earnings vs Peers: 2020 is good value based on its Price-To-Earnings Ratio (26.6x) compared to the peer average (34.6x).


Price to Earnings Ratio vs Industry

How does 2020's PE Ratio compare vs other companies in the Hong Kong Luxury Industry?

Price-To-Earnings vs Industry: 2020 is expensive based on its Price-To-Earnings Ratio (26.6x) compared to the Hong Kong Luxury industry average (8.4x)


Price to Earnings Ratio vs Fair Ratio

What is 2020's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2020 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.6x
Fair PE Ratio17.7x

Price-To-Earnings vs Fair Ratio: 2020 is expensive based on its Price-To-Earnings Ratio (26.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.7x).


Share Price vs Fair Value

What is the Fair Price of 2020 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2020 (HK$88.8) is trading below our estimate of fair value (HK$136.32)

Significantly Below Fair Value: 2020 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 2020 is poor value based on its PEG Ratio (1.8x)


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Future Growth

How is ANTA Sports Products forecast to perform in the next 1 to 3 years based on estimates from 37 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2020's forecast earnings growth (15.2% per year) is above the savings rate (1.5%).

Earnings vs Market: 2020's earnings (15.2% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).

High Growth Earnings: 2020's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2020's revenue (13.5% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).

High Growth Revenue: 2020's revenue (13.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2020's Return on Equity is forecast to be high in 3 years time (28.5%)


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Past Performance

How has ANTA Sports Products performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2020 has high quality earnings.

Growing Profit Margin: 2020's current net profit margins (15.7%) are higher than last year (14.5%).


Past Earnings Growth Analysis

Earnings Trend: 2020's earnings have grown significantly by 21.6% per year over the past 5 years.

Accelerating Growth: 2020's earnings growth over the past year (49.6%) exceeds its 5-year average (21.6% per year).

Earnings vs Industry: 2020 earnings growth over the past year (49.6%) underperformed the Luxury industry 49.6%.


Return on Equity

High ROE: 2020's Return on Equity (26%) is considered high.


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Financial Health

How is ANTA Sports Products's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2020's short term assets (CN¥39.9B) exceed its short term liabilities (CN¥15.9B).

Long Term Liabilities: 2020's short term assets (CN¥39.9B) exceed its long term liabilities (CN¥15.1B).


Debt to Equity History and Analysis

Debt Level: 2020 has more cash than its total debt.

Reducing Debt: 2020's debt to equity ratio has increased from 15.4% to 41.6% over the past 5 years.

Debt Coverage: 2020's debt is well covered by operating cash flow (90%).

Interest Coverage: 2020's interest payments on its debt are well covered by EBIT (224.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.45%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2020's dividend (1.45%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.76%).

High Dividend: 2020's dividend (1.45%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

Stable Dividend: 2020's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2020's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.3%), 2020's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (28.7%), 2020's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Shizhong Ding (51 yo)

no data

Tenure

CN¥1,691,000

Compensation

Mr. Shizhong Ding serves as the President and Chief Executive Officer of Anta Sports Products Limited. Mr. Ding is responsible for the overall corporate strategies, planning and business development of Ant...


CEO Compensation Analysis

Compensation vs Market: Shizhong's total compensation ($USD252.47K) is below average for companies of similar size in the Hong Kong market ($USD1.00M).

Compensation vs Earnings: Shizhong's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 2020's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: 2020's board of directors are seasoned and experienced ( 13.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 2020 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ANTA Sports Products Limited's employee growth, exchange listings and data sources


Key Information

  • Name: ANTA Sports Products Limited
  • Ticker: 2020
  • Exchange: SEHK
  • Founded: 1991
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: HK$240.970b
  • Shares outstanding: 2.71b
  • Website: https://www.anta.com

Number of Employees


Location

  • ANTA Sports Products Limited
  • Dongshan Industrial Zone
  • Chidian Town
  • Jinjiang
  • Fujian Province
  • 362212
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.