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ANTA Sports Products

SEHK:2020
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2020
SEHK
HK$148B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

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 last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • ANTA Sports Products has significant price volatility in the past 3 months.
2020 Share Price and Events
7 Day Returns
3.4%
SEHK:2020
1.2%
HK Luxury
0.3%
HK Market
1 Year Returns
24.1%
SEHK:2020
-4%
HK Luxury
-4.8%
HK Market
2020 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ANTA Sports Products (2020) 3.4% 6.9% 43.5% 24.1% 158.4% 377.5%
HK Luxury 1.2% 2% 14.8% -4% 17.2% 7%
HK Market 0.3% 2.2% 11.2% -4.8% 27.1% 20.8%
1 Year Return vs Industry and Market
  • 2020 outperformed the Luxury industry which returned -4% over the past year.
  • 2020 outperformed the Market in Hong Kong which returned -4.8% over the past year.
Price Volatility
2020
Industry
5yr Volatility vs Market

2020 Value

 Is ANTA Sports Products 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 ANTA Sports Products 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 ANTA Sports Products.

SEHK:2020 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 29 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

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 SEHK:2020
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 25%) (1.4%))
0.824
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.824 * 5.96%)
6.91%

Discounted Cash Flow Calculation for SEHK:2020 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ANTA Sports Products 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.

SEHK:2020 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.91%)
2019 3,730.18 Analyst x12 3,489.02
2020 5,442.12 Analyst x13 4,761.19
2021 6,170.74 Analyst x10 5,049.61
2022 7,205.67 Analyst x3 5,515.30
2023 8,881.00 Analyst x2 6,358.14
2024 9,954.11 Est @ 12.08% 6,665.68
2025 10,855.87 Est @ 9.06% 6,799.55
2026 11,609.52 Est @ 6.94% 6,801.48
2027 12,243.46 Est @ 5.46% 6,709.15
2028 12,785.02 Est @ 4.42% 6,552.97
Present value of next 10 years cash flows CN¥58,702.11
SEHK:2020 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥12,785.02 × (1 + 2%) ÷ (6.91% – 2%)
CN¥265,658.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥265,658.88 ÷ (1 + 6.91%)10
CN¥136,163.67
SEHK:2020 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥58,702.11 + CN¥136,163.67
CN¥194,865.78
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥194,865.78 / 2,685.21
CN¥72.57
SEHK:2020 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2020)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥72.57 x 1.169
HK$84.86
Value per share (HKD) From above. HK$84.86
Current discount Discount to share price of HK$55.30
= -1 x (HK$55.30 - HK$84.86) / HK$84.86
34.8%

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

Current Discount
Amount off the current price ANTA Sports Products is available for.
Intrinsic value
35%
Share price is HK$55.3 vs Future cash flow value of HK$84.86
Current Discount Checks
For ANTA Sports Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ANTA Sports Products's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ANTA Sports Products's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 ANTA Sports Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ANTA Sports Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2020 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥1.53
SEHK:2020 Share Price ** SEHK (2019-04-18) in HKD HK$55.3
SEHK:2020 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥47.29
Hong Kong Luxury Industry PE Ratio Median Figure of 76 Publicly-Listed Luxury Companies 10.37x
Hong Kong Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 12.01x

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

** Primary Listing of ANTA Sports Products.

SEHK:2020 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2020 Share Price ÷ EPS (both in CNY)

= 47.29 ÷ 1.53

30.94x

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

  • ANTA Sports Products is overvalued based on earnings compared to the HK Luxury industry average.
  • ANTA Sports Products is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does ANTA Sports Products's expected growth come at a high price?
Raw Data
SEHK:2020 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts
17.4%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 22 Publicly-Listed Luxury Companies 0.89x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

SEHK:2020 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.94x ÷ 17.4%

1.78x

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

  • ANTA Sports Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ANTA Sports Products's assets?
Raw Data
SEHK:2020 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥5.88
SEHK:2020 Share Price * SEHK (2019-04-18) in HKD HK$55.3
SEHK:2020 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥47.29
Hong Kong Luxury Industry PB Ratio Median Figure of 120 Publicly-Listed Luxury Companies 1.11x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:2020 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2020 Share Price ÷ Book Value per Share (both in CNY)

= 47.29 ÷ 5.88

8.05x

* Primary Listing of ANTA Sports Products.

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

  • ANTA Sports Products is overvalued based on assets compared to the HK Luxury industry average.
X
Value checks
We assess ANTA Sports Products'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. ANTA Sports Products has a total score of 1/6, 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.

2020 Future Performance

 How is ANTA Sports Products expected to perform in the next 1 to 3 years based on estimates from 29 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
17.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ANTA Sports Products expected to grow at an attractive rate?
  • ANTA Sports Products's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • ANTA Sports Products's earnings growth is expected to exceed the Hong Kong market average.
  • ANTA Sports Products's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:2020 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2020 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts 17.4%
SEHK:2020 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts 16.6%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.3%

*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
SEHK:2020 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2020 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 39,757 6,964 1
2021-12-31 41,586 7,493 7,285 22
2020-12-31 35,481 6,553 6,189 29
2019-12-31 29,816 4,938 5,093 28
SEHK:2020 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 24,100 4,440 4,103
2018-09-30 22,011 3,520 3,842
2018-06-30 19,923 2,599 3,581
2018-03-31 18,308 2,890 3,335
2017-12-31 16,692 3,181 3,088
2017-09-30 15,609 3,304 2,898
2017-06-30 14,526 3,427 2,708
2017-03-31 13,936 2,947 2,547
2016-12-31 13,346 2,468 2,386
2016-09-30 12,752 2,161 2,295
2016-06-30 12,159 1,854 2,204
2016-03-31 11,642 1,879 2,123

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ANTA Sports Products's earnings are expected to grow by 17.4% yearly, however this is not considered high growth (20% yearly).
  • ANTA Sports Products's revenue is expected to grow by 16.6% 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
SEHK:2020 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below

All data from ANTA Sports Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2020 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.59 2.59 2.59 1.00
2021-12-31 2.73 3.18 2.36 19.00
2020-12-31 2.31 2.70 2.08 25.00
2019-12-31 1.90 2.11 1.75 26.00
SEHK:2020 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 1.53
2018-09-30 1.43
2018-06-30 1.33
2018-03-31 1.25
2017-12-31 1.17
2017-09-30 1.12
2017-06-30 1.06
2017-03-31 1.01
2016-12-31 0.95
2016-09-30 0.92
2016-06-30 0.88
2016-03-31 0.85

*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.
  • ANTA Sports Products is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess ANTA Sports Products'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
ANTA Sports Products has a total score of 4/6, 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.

2020 Past Performance

  How has ANTA Sports Products 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 ANTA Sports Products's growth in the last year to its industry (Luxury).
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.
  • ANTA Sports Products has delivered over 20% year on year earnings growth in the past 5 years.
  • ANTA Sports Products's 1-year earnings growth exceeds its 5-year average (32.9% vs 21.4%)
  • ANTA Sports Products's earnings growth has exceeded the HK Luxury industry average in the past year (32.9% vs 1.7%).
Earnings and Revenue History
ANTA Sports Products'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 ANTA Sports Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2020 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 24,100.04 4,102.86 7,747.51
2018-09-30 22,011.45 3,842.06 6,880.96
2018-06-30 19,922.87 3,581.27 6,014.40
2018-03-31 18,307.68 3,334.55 5,362.36
2017-12-31 16,692.49 3,087.84 4,710.31
2017-09-30 15,609.36 2,897.79 4,322.26
2017-06-30 14,526.22 2,707.74 3,934.22
2017-03-31 13,935.99 2,546.65 3,724.83
2016-12-31 13,345.76 2,385.55 3,515.45
2016-09-30 12,752.29 2,295.02 3,283.51
2016-06-30 12,158.82 2,204.49 3,051.56
2016-03-31 11,642.38 2,122.53 2,883.68
2015-12-31 11,125.94 2,040.57 2,715.80
2015-09-30 10,518.27 1,951.68 2,559.95
2015-06-30 9,910.60 1,862.80 2,404.09
2015-03-31 9,416.65 1,781.55 2,249.01
2014-12-31 8,922.69 1,700.31 2,093.94
2014-09-30 8,479.66 1,596.09 1,956.72
2014-06-30 8,036.62 1,491.87 1,819.51
2014-03-31 7,658.94 1,403.35 1,697.73
2013-12-31 7,281.26 1,314.84 1,575.94
2013-09-30 7,168.26 1,264.83 1,460.36
2013-06-30 7,055.25 1,214.83 1,344.77
2013-03-31 7,339.03 1,286.77 1,401.48
2012-12-31 7,622.81 1,358.70 1,458.18
2012-09-30 8,005.15 1,465.58 1,609.32
2012-06-30 8,387.48 1,572.46 1,760.45

*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.
  • ANTA Sports Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • ANTA Sports Products used its assets more efficiently than the HK Luxury industry average last year based on Return on Assets.
  • ANTA Sports Products has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ANTA Sports Products'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 Luxury 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.
ANTA Sports Products has a total score of 6/6, 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.

2020 Health

 How is ANTA Sports Products'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 ANTA Sports Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ANTA Sports Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ANTA Sports Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ANTA Sports Products'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 10.8x 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 ANTA Sports Products Company Filings, last reported 3 months ago.

SEHK:2020 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 16,519.86 1,782.91 11,016.44
2018-09-30 16,519.86 1,782.91 11,016.44
2018-06-30 15,135.16 1,236.21 10,807.88
2018-03-31 15,135.16 1,236.21 10,807.88
2017-12-31 14,360.53 147.91 10,101.48
2017-09-30 14,360.53 147.91 10,101.48
2017-06-30 13,634.41 600.00 10,674.36
2017-03-31 13,634.41 600.00 10,674.36
2016-12-31 9,896.33 1,537.71 7,572.17
2016-09-30 9,896.33 1,537.71 7,572.17
2016-06-30 9,174.12 1,437.71 6,886.82
2016-03-31 9,174.12 1,437.71 6,886.82
2015-12-31 8,814.24 1,430.00 7,013.25
2015-09-30 8,814.24 1,430.00 7,013.25
2015-06-30 8,240.24 1,032.89 6,677.65
2015-03-31 8,240.24 1,032.89 6,677.65
2014-12-31 8,004.58 1,348.26 6,791.43
2014-09-30 8,004.58 1,348.26 6,791.43
2014-06-30 7,571.92 1,023.24 6,283.73
2014-03-31 7,571.92 1,023.24 6,283.73
2013-12-31 7,349.13 490.23 5,534.23
2013-09-30 7,349.13 490.23 5,534.23
2013-06-30 7,022.53 967.43 5,186.71
2013-03-31 7,022.53 967.43 5,186.71
2012-12-31 6,932.71 996.50 5,063.76
2012-09-30 6,932.71 996.50 5,063.76
2012-06-30 6,670.69 528.64 4,866.39
  • ANTA Sports Products's level of debt (10.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.7% vs 10.8% today).
  • Debt is well covered by operating cash flow (249%, greater than 20% of total debt).
  • ANTA Sports Products earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess ANTA Sports Products'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. ANTA Sports Products has a total score of 5/6, 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.

2020 Dividends

 What is ANTA Sports Products'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
1.41%
Current annual income from ANTA Sports Products dividends. Estimated to be 1.81% next year.
If you bought HK$2,000 of ANTA Sports Products shares you are expected to receive HK$28 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?
  • ANTA Sports Products's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (1.94%).
  • ANTA Sports Products's dividend is below the markets top 25% of dividend payers in Hong Kong (5.34%).
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
SEHK:2020 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 29 Analyst Estimates (S&P Global) See Below
Hong Kong Luxury Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 2.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong 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.

SEHK:2020 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.45 1.00
2021-12-31 1.07 19.00
2020-12-31 0.89 26.00
2019-12-31 0.69 26.00
SEHK:2020 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.665 1.504
2018-08-14 0.988 3.131
2018-02-27 0.782 2.315
2017-08-15 0.721 2.621
2017-04-06 0.646 3.189
2016-08-29 0.653 3.402
2016-04-06 0.567 3.863
2015-08-05 0.545 3.437
2015-04-01 0.511 3.610
2014-08-06 0.449 3.841
2014-02-26 0.378 3.972
2013-08-06 0.296 3.626
2013-04-09 0.268 4.732
2012-02-20 0.416 8.382
2011-08-08 0.422 6.050
2011-04-11 0.412 3.831
2011-02-21 0.424 4.022
2010-08-16 0.430 3.542
2010-02-24 0.308 2.597
2009-08-17 0.212 2.258
2009-04-22 0.176 2.245

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ANTA Sports Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess ANTA Sports Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 ANTA Sports Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ANTA Sports Products has a total score of 3/6, see the detailed checks below.


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

2020 Management

 What is the CEO of ANTA Sports Products'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
Shizhong Ding
COMPENSATION CN¥1,681,000
AGE 47
CEO Bio

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 Anta Sports Products Limited. Since 2000, he has been the President of ANTA China. He is Chairman of the Board of Amer Sports Corp since April 11, 2019. He has been Chairman of Anta Sports Products Limited since February 8, 2007. He joined Anta Sports Products Limited on July 30, 1994 as a Director of ANTA Fujian and has dedicated the past 13 years to expand and promote its business, as well as developing China's sporting goods industry. Since 2003, he served as a Representative of the Tenth Fujian People’s Congress. He serves as an Executive Director of Anta Sports Products Limited. In 1998, he was awarded the title of the Eminent Young Entrepreneur of Jinjiang. In 2000, he was named as one of the Top Ten Eminent Young Entrepreneurs of Fujian and in 2004, he won the title of the 2004 Top Ten Brand Talents in China. Mr. Ding was also awarded the title of Top Ten Outstanding Young Persons in China in 2006.In 2008 as Ernst & Young Entrepreneur of the Year – China .In 2009 as World Economic Forum – Youth Global Leader and as China Business Leaders Awards – Public’s Choice of CEO. In 2014 as Outstanding Contributor to the Building of Socialism with Chinese Characteristics and as 2014 Chinese Business Leaders Annual Award.

CEO Compensation
  • Shizhong's compensation has been consistent with company performance over the past year.
  • Shizhong's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Shizhong Ding

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
47

Shijia Ding

TITLE
Deputy Chairman & VP
COMPENSATION
CN¥1M
AGE
53

Shixian Lai

TITLE
COO, CFO & Executive Director
COMPENSATION
CN¥2M
AGE
43
TENURE
0.8 yrs

Yonghua Wu

TITLE
Group Sales President & Executive Director
COMPENSATION
CN¥2M
AGE
47

James Zheng

TITLE
Brand President & Executive Director
COMPENSATION
CN¥3M
AGE
50

Huang Wenting

TITLE
Head of Justice Department

Wu Zhicheng

TITLE
Deputy Executive Head of Footwear Business Department

Min Ye

TITLE
Head of Product Management Center

Xie Shimin

TITLE
Deputy Division Head of Apparel Business Department

Lian Mingshan

TITLE
Deputy Division Head of Footwear Business Department
Board of Directors Tenure

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

10
Average Tenure
50
Average Age
  • The average tenure for the ANTA Sports Products board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Shizhong Ding

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
47
TENURE
12.2 yrs

Shijia Ding

TITLE
Deputy Chairman & VP
COMPENSATION
CN¥1M
AGE
53
TENURE
8.8 yrs

Shixian Lai

TITLE
COO, CFO & Executive Director
COMPENSATION
CN¥2M
AGE
43
TENURE
12.2 yrs

Yonghua Wu

TITLE
Group Sales President & Executive Director
COMPENSATION
CN¥2M
AGE
47
TENURE
12.2 yrs

James Zheng

TITLE
Brand President & Executive Director
COMPENSATION
CN¥3M
AGE
50
TENURE
9.5 yrs

Stephen Yiu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥399K
AGE
57
TENURE
0.8 yrs

Wenmo Wang

TITLE
Non-Executive Director
COMPENSATION
CN¥1M
AGE
61
TENURE
12.2 yrs

Zhongchuan Dai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
52
TENURE
10 yrs

Ming Zhi Mei

TITLE
Independent Non-Executive Director
AGE
46
TENURE
0.1 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 (HK$) Value (HK$)
X
Management checks
We assess ANTA Sports Products'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. ANTA Sports Products 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.

2020 News

Simply Wall St News

How Many ANTA Sports Products Limited (HKG:2020) Shares Do Institutions Own?

The big shareholder groups in ANTA Sports Products Limited (HKG:2020) have power over the company. … Companies that used to be publicly owned tend to have lower insider ownership. … View our latest analysis for ANTA Sports Products

Simply Wall St -

Do ANTA Sports Products's (HKG:2020) Earnings Warrant Your Attention?

How Quickly Is ANTA Sports Products Increasing Earnings Per Share. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … ANTA Sports Products maintained stable EBIT margins over the last year, all while growing revenue 44% to CN¥24b.

Simply Wall St -

Why ANTA Sports Products Limited (HKG:2020) Looks Like A Quality Company

Our data shows ANTA Sports Products has a return on equity of 26% for the last year. … Check out our latest analysis for ANTA Sports Products? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

ANTA Sports Products Limited (HKG:2020): An Investing Strategy To Help You Win

Today I want to bring to light the market's darling - ANTA Sports Products Limited. … Looking at its size, financial health and track record, I believe there's an opportunity with ANTA Sports Products during these volatile times. … 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

Simply Wall St -

Should ANTA Sports Products Limited (HKG:2020) Be Part Of Your Portfolio?

Historically, ANTA Sports Products Limited (HKG:2020) has paid a dividend to shareholders. … Let's dig deeper into whether ANTA Sports Products should have a place in your portfolio. … See our latest analysis for ANTA Sports Products

Simply Wall St -

With 33% Earnings Growth, Did ANTA Sports Products Limited (HKG:2020) Outperform The Industry?

Understanding ANTA Sports Products Limited's (HKG:2020) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how ANTA Sports Products is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Check out our latest analysis for ANTA Sports Products?

Simply Wall St -

Is ANTA Sports Products Limited's (HKG:2020) CEO Paid At A Competitive Rate?

The CEO of ANTA Sports Products Limited (HKG:2020) is Shizhong Ding. … How Does Shizhong Ding's Compensation Compare With Similar Sized Companies. … According to our data, ANTA Sports Products Limited has a market capitalization of HK$126b, and pays its CEO total annual compensation worth CN¥1.7m.

Simply Wall St -

Does ANTA Sports Products Limited (HKG:2020) Generate Enough Cash?

I will take you through ANTA Sports Products’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … ANTA Sports Products generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of ANTA Sports Products’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Here's What ANTA Sports Products Limited's (HKG:2020) ROCE Can Tell Us

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Should You Be Holding ANTA Sports Products Limited (HKG:2020)?

Help shape the future of investing tools and you could win a $250 gift card! … I've been keeping an eye on ANTA Sports Products Limited (HKG:2020) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe 2020 has a lot to offer.

Simply Wall St -

2020 Company Info

Description

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 sportswear, including running, cross-training, basketball, soccer, boxing, football, outdoor, female 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, KINGKOW, KOLON SPORT, SPRANDI, FILA FUSION, ANTA, and ANTA KIDS brands. It also provides management, product design, logistics, and information technology services; manufactures shoe soles; and holds trademarks. The company offers its products through street stores, shopping malls, department stores, outlet stores, and e-commerce platforms, as well as online. As of December 31, 2017, it operated 10,057 ANTA stores; 1,652 FILA stores; and 117 DESCENTE stores. The company was founded in 1994 and is headquartered in Jinjiang, the People's Republic of China. ANTA Sports Products Limited is a subsidiary of Anta International Group Holdings Limited.

Details
Name: ANTA Sports Products Limited
2020
Exchange: SEHK
Founded: 1994
HK$148,491,891,800
2,685,206,000
Website: http://www.anta.com
Address: ANTA Sports Products Limited
Dongshan Industrial Zone,
Chidian Town,
Jinjiang,
Fujian Province, 362212,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2020 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Jul 2007
OTCPK ANPD.F Ordinary Shares Pink Sheets LLC US USD 10. Jul 2007
DB AS7 Ordinary Shares Deutsche Boerse AG DE EUR 10. Jul 2007
SHSC 2020 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 10. Jul 2007
SZSC 2020 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 10. Jul 2007
BMV ANTA N Ordinary Shares Bolsa Mexicana de Valores MX MXN 10. Jul 2007
OTCPK ANPD.Y UNSPONSOD ADR Pink Sheets LLC US USD 15. Oct 2008
Number of employees
Current staff
Staff numbers
25,000
ANTA Sports Products employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 12:49
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/08
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.