AS Stock Forecast & Price Target

Amer Sports has demonstrated robust financial performance, generating $5.2 billion in revenue for 2024, with a significant contribution from its rapidly expanding China business, which has outperformed other regions by reporting growth rates between 43% and 57% over the last six quarters. The strong sales from key brands within the China market, particularly Arc'teryx accounting for approximately 70% of the region’s sales, underscore the potential for sustained growth. Additionally, the company reported a year-to-date increase in shares of over 30%, reflecting effective multiple expansion and a positive trajectory in sales and EBITDA estimates, with increases of 3% and 13% respectively for the fiscal year.

Amer Sports's revenue generation reached $5.2 billion in 2024, with significant contributions from different regions, including 36% from the Americas and 25% from China. Despite successfully reducing net debt from $3.2 billion to $1.7 billion through IPO proceeds, the company's lower unaided brand awareness, particularly for its Arc'teryx brand, poses challenges for future growth. The company faces headwinds in improving brand recognition in key markets, which could hinder its ability to capitalize on its debt reduction efforts and overall revenue potential.