NYSE · AS

Amer Sports, Inc.

Consumer Cyclical · Leisure

$28.07▲ 2.41% ($0.66)today

As of 10:29 AM ET

52-week

$27.21$42.76

Market cap

$16.23B

P/E

Valuation

Recommended · Earnings yield

Price used

$28.07

Earnings yield

3.3%

Reported earnings

10-year Treasury benchmark: 4.93%

USD · TTM earnings ending 2026-06-30

Method, dates & sources

Earnings per share divided by the price used, compared with the 10-year Treasury rate.

Price timestamp: Sep 11, 2026, 2:29 PM UTC
Financial statement period: TTM earnings ending 2026-06-30
Data refreshed: Sep 11, 2026, 2:29 PM UTC · provider

Why this method?

Positive FCFF exists, but it is still unstable and the operating history is too short to make a normalized FCFF DCF decision-useful. Use multiples and comparable transactions instead.

Is FCFF positive and has it been for 3+ consecutive years? 3 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 210.0%.

Do you have 5+ years of positive FCFF history? Only 3 consecutive positive FCFF years are available, and the company only has 2 years of public or statement history.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -23.59%Revenue (TTM): 30.49%FCF (TTM): 219.07%P/FCF: 0th pct

What changed

The stock fell 23.59% over the last year. Revenue grew 30.49% over the trailing twelve months. Operating margin moved from 11.02% to 12.41%. Free cash flow grew 219.07% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.

What would invalidate this read

This read changes if operating margin (currently 12.41%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Amer Sports, Inc. is a global enterprise dedicated to the creation, production, promotion, and sale of athletic equipment, clothing, footwear, and related accessories.

CEOJie Zheng

SectorConsumer Cyclical

IndustryLeisure

Employees15,400

IPO dateFeb 1, 2024

https://www.amersports.com

Market multiples

Forward P/E—

EV/EBITDA19.75

Enterprise value$21.85B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth32.06%

Gross margin59.81%▲2.2ppvs FY2024

Operating margin12.41%▲1.3ppvs FY2024

ROE8.83%▲0.9ppvs FY2025

Analyst consensus

RatingBuy

Target price$44.88▲59.89%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 17, 2026

Q4 FY26 · EPS est $0.33 · Revenue est $2.11B

View