ANTA Sports Products Valuation

Q: What is the Fair Price of 82020 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

82020 (CN¥70.3) is trading below our estimate of [[fair value]] (CN¥136.35)

Is 82020 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 82020 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 82020 (CN¥70.3) is trading below our estimate of fair value (CN¥136.35)

Significantly Below Fair Value: 82020 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 82020?

Key metric: As 82020 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 82020. This is calculated by dividing 82020's market cap by their current earnings.
What is 82020's PE Ratio?
PE Ratio	15.1x
Earnings	CN¥13.21b
Market Cap	CN¥206.13b

82020 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/Revenue	3x
Enterprise Value/EBITDA	11.6x
PEG Ratio	1.9x

Price to Earnings Ratio vs Peers

How does 82020's PE Ratio compare to its peers?

The above table shows the PE ratio for 82020 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	16x
1913 Prada	22.4x	10.9%	HK$140.7b
2313 Shenzhou International Group Holdings	15.3x	12.8%	HK$90.1b
3998 Bosideng International Holdings	14x	12.6%	HK$47.4b
2331 Li Ning	12.4x	9.9%	HK$41.3b
82020 ANTA Sports Products	15.1x	7.8%	CN¥221.4b

Price-To-Earnings vs Peers: 82020 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (16x).

Price to Earnings Ratio vs Industry

How does 82020's PE Ratio compare vs other companies in the HK Luxury Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
8211 Zhejiang Yongan Rongtong Holdings	1x	n/a	US$5.47m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 82020 is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the Hong Kong Luxury industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is 82020'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.

82020 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.1x
Fair PE Ratio	12x

Price-To-Earnings vs Fair Ratio: 82020 is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.