Amer Sports Inc. Ordinary Shares (AS)

FairStock Score: 45/100 — MIXED

Key Financials

Strengths

• Generates $534 million in annual free cash flow (2.5% yield on market cap)
• Conservative balance sheet with debt-to-equity of just 0.30, providing financial flexibility
• Revenue growth of 28.5% demonstrates strong top-line momentum
• Established organization with 15,400 employees providing operational scale

Concerns

• Trades significantly above Graham Number ($13) with negative 174% margin of safety—limited downside protection

AI Analysis

Amer Sports Inc. Ordinary Shares is a mid-cap consumer cyclical company valued at $21.2 billion. The business generates $6.6 billion in annual revenue with a 2.0% net margin and $534 million in free cash flow. From a quality standpoint, Amer shows solid Piotroski F-Score of 6/9 and healthy Altman Z-Score of 3.4. On valuation, the stock is commanding a steep 47.2x multiple, with trades far above its Graham Number ($13) with no margin of safety. Growth dynamics show revenue growing at 28.5% and profit growth of 753.9%. Our composite FairStock Score of 47/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

Amer's 28% revenue growth trajectory could accelerate as it captures additional market share in the consumer cyclical sector. With $534 million in annual free cash flow (2.5% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.

Bear Case

At 47x earnings, any growth disappointment triggers rapid multiple compression—a 20% earnings miss plus multiple contraction to 20x implies 40%+ downside. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer