SEHK:2020

Stock Analysis Report

Executive Summary

ANTA Sports Products Limited designs, researches, develops, manufactures, markets, trades in, and retails sporting footwear, apparel, and accessories in the People’s Republic of China.

Snowflake

Fundamentals

Solid track record with high growth potential.


Similar Companies

Share Price & News

How has ANTA Sports Products's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-8.2%

2020

-2.7%

HK Luxury

0.3%

HK Market


1 Year Return

112.7%

2020

24.1%

HK Luxury

1.3%

HK Market

Return vs Industry: 2020 exceeded the Hong Kong Luxury industry which returned 24.1% over the past year.

Return vs Market: 2020 exceeded the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

2020IndustryMarket
7 Day-8.2%-2.7%0.3%
30 Day9.7%4.3%0.5%
90 Day15.5%2.5%-4.6%
1 Year114.9%112.7%28.5%24.1%4.9%1.3%
3 Year257.5%233.9%43.3%26.2%15.3%3.7%
5 Year418.7%350.4%43.0%15.2%20.0%-0.006%

Price Volatility Vs. Market

How volatile is ANTA Sports Products's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ANTA Sports Products undervalued compared to its fair value and its price relative to the market?

10.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2020 (HK$69.45) is trading below our estimate of fair value (HK$77.64)

Significantly Below Fair Value: 2020 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2020 is poor value based on its PE Ratio (36.3x) compared to the Luxury industry average (9.3x).

PE vs Market: 2020 is poor value based on its PE Ratio (36.3x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: 2020 is overvalued based on its PB Ratio (9.4x) compared to the HK Luxury industry average (0.9x).


Next Steps

Future Growth

How is ANTA Sports Products forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2020's forecast earnings growth (20.3% per year) is above the savings rate (2%).

Earnings vs Market: 2020's earnings (20.3% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2020's revenue (19.4% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 2020's revenue (19.4% 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 (29.3%)


Next Steps

Past Performance

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

22.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2020's earnings have grown significantly by 22.2% per year over the past 5 years.

Accelerating Growth: 2020's earnings growth over the past year (29.6%) exceeds its 5-year average (22.2% per year).

Earnings vs Industry: 2020 earnings growth over the past year (29.6%) exceeded the Luxury industry -4.9%.


Return on Equity

High ROE: 2020's Return on Equity (25.5%) is considered high.


Return on Assets

ROA vs Industry: 2020 has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: 2020's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is ANTA Sports Products's financial position?


Financial Position Analysis

Short Term Liabilities: 2020's short term assets (CN¥16.9B) exceeds its short term liabilities (CN¥8.7B)

Long Term Liabilities: 2020's short term assets (16.9B) exceeds its long term liabilities (7.7B)


Debt to Equity History and Analysis

Debt Level: 2020's debt to equity ratio (42.6%) is considered high

Reducing Debt: 2020's debt to equity ratio has increased from 13.6% to 42.6% over the past 5 years.

Debt Coverage: 2020's debt is well covered by operating cash flow (79.7%).

Interest Coverage: 2020 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 2020 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2020's debt is covered by short term assets (assets are 2.107190x debt).


Next Steps

Dividend

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

1.06%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%2.3%markettop25%6.2%industryaverage2.7%forecastin3Years1.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2020's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 2020's dividend (1.06%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.18%).

Stable Dividend: 2020 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 2020 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 2020 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2020's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

10.5yrs

Average board tenure


CEO

Shizhong Ding (49yo)

0yrs

Tenure

CN¥1,681,000

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 ($USD237.53K) is below average for companies of similar size in the Hong Kong market ($USD807.54K).

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


Board Age and Tenure

10.5yrs

Average Tenure

51yo

Average Age

Experienced Board: 2020's board of directors are seasoned and experienced ( 10.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • James Zheng (51yo)

    Group President

    • Tenure: 10yrs
    • Compensation: CN¥3.12m
  • Wu Zhicheng

    Deputy Executive Head of Footwear Business Department

    • Tenure: 0yrs
  • Yonghua Wu (48yo)

    CEO of the Performance Sports Brand Group & Executive Director

    • Tenure: 12.7yrs
    • Compensation: CN¥2.07m
  • Min Ye

    Head of Product Management Center

    • Tenure: 0yrs
  • Huang Wenting

    Head of Justice Department

    • Tenure: 0yrs
  • Shizhong Ding (49yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: CN¥1.68m
  • Shixian Lai (45yo)

    COO, CFO & Executive Director

    • Tenure: 12.7yrs
    • Compensation: CN¥1.57m
  • Xie Shimin

    Deputy Division Head of Apparel Business Department

    • Tenure: 0yrs
  • Shijia Ding (54yo)

    Deputy Chairman & VP

    • Tenure: 9.3yrs
    • Compensation: CN¥1.07m
  • Lian Mingshan

    Deputy Division Head of Footwear Business Department

    • Tenure: 0yrs

Board Members

  • Ming Zhi Mei (47yo)

    Independent Non-Executive Director

    • Tenure: 0.6yrs
  • James Zheng (51yo)

    Group President

    • Tenure: 10yrs
    • Compensation: CN¥3.12m
  • Yonghua Wu (48yo)

    CEO of the Performance Sports Brand Group & Executive Director

    • Tenure: 12.7yrs
    • Compensation: CN¥2.07m
  • Wenmo Wang (62yo)

    Non-Executive Director

    • Tenure: 12.7yrs
    • Compensation: CN¥1.07m
  • Shizhong Ding (49yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: CN¥1.68m
  • Shixian Lai (45yo)

    COO, CFO & Executive Director

    • Tenure: 12.7yrs
    • Compensation: CN¥1.57m
  • Shijia Ding (54yo)

    Deputy Chairman & VP

    • Tenure: 9.3yrs
    • Compensation: CN¥1.07m
  • Zhongchuan Dai (53yo)

    Independent Non-Executive Director

    • Tenure: 10.5yrs
    • Compensation: CN¥120.00k
  • Stephen Yiu (58yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥399.00k

Company Information

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


Key Information

  • Name: ANTA Sports Products Limited
  • Ticker: 2020
  • Exchange: SEHK
  • Founded: 1994
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: HK$191.387b
  • Shares outstanding: 2.70b
  • Website: https://www.anta.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2020SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2007
AS7DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2007
ANPD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2007
2020SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2007
2020SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2007
ANTA NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJul 2007
ANPD.YOTCPK (Pink Sheets LLC)UNSPONSOD ADRUSUSDOct 2008

Biography

ANTA Sports Products Limited designs, researches, develops, manufactures, markets, trades in, and retails sporting footwear, apparel, and accessories in the People’s Republic of China. The company offers s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:43
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.