Amer Sports, Inc. (AS) intrinsic value & 10-year financials
Amer Sports, Inc. (AS) has a Graham intrinsic value of $25.24 per share. Over the last 6 fiscal years revenue grew 21.0% a year to $6.6B, with an average return on invested capital of -61.3%.
- Graham intrinsic value
- $25.24
- Revenue (FY2025)
- $6.6B
- Revenue growth (6-yr CAGR)
- 21.0%
- ROIC (10-yr avg)
- -61.3%
- Free cash flow (FY2025)
- $513.3M
AS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.6B | $440.4M | $0.76 | $513.3M | 10.7% | 8.5% |
| FY2024 | $5.2B | $78.4M | $0.14 | $195.6M | 9.1% | 4.2% |
| FY2023 | $4.4B | -$208.8M | -$0.54 | $75.4M | 6.9% | 5.3% |
| FY2022 | $3.5B | -$252.7M | -$0.66 | -$169.4M | 1.4% | 0.9% |
| FY2021 | $3.1B | -$126.3M | -$0.33 | $207.3M | 6.1% | -325.3% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Amer Sports, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Amer Sports, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.1% ROIC.
Amer Sports, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Amer Sports, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $25.24 per share.