Amer Sports Inc. Ordinary Shares (AS)

FairStock Score: 48/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses bought at sensible prices, and Amer Sports is a mixed picture. It sells technical apparel, outdoor performance gear, and ball-and-racquet products across many regions. In the latest reported quarter, fiscal Q2 2026, revenue was $1.6 billion and net income was $107.2 million, a 6.57% net margin. The provided data show very rapid revenue and profit growth, but with only 0 years of filed annual results for FairStock's Lynch rule, there is no long-term record to judge consistency. At the 2026-10-13 close of $29.20, FairStock calculates a P/E of 30.42, P/B of 2.48, and EV/EBITDA of 21.63. Free cash flow is $133.6 million, only a 0.6% FCF yield on the $21.2 billion market cap, and the Graham Number is $15.96, implying a negative 82.96% margin of safety. The FairStock Score is 48/100. Financial health is not alarming: debt-to-equity is 0.16 and the Altman Z-score is 4.21. But FairStock's ROE of 9.15%, ROCE of 6.29%, and Piotroski F-Score of 5/9 suggest ordinary profitability, not a wide-moat compounding machine. Beta of 1.98 signals a volatile share price. Growth may be real, especially in apparel and outdoor, but the price already assumes a lot. I would want a much longer record and stronger cash generation before calling this a bargain.

In plain English: Amer Sports makes sports equipment, clothing, and shoes for activities like climbing, hiking, tennis, and other outdoor and racquet sports. In fiscal Q2 2026, it earned $107.2 million on $1.6 billion of sales, so the business is profitable and growing. At $29.20, the shares look expensive compared with those profits and the company's accounting value, even though growth has been strong.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer