Market Pulse44Neutral

Amer Sports, Inc.Opportunity Rank #216(AS) Intrinsic Value & DCF Analysis (2026)

Current Price

$36.11

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$36.11
Price
$30.02
Intrinsic Value
Overvalued by 17%MOS: $24.02

Fundamental Score

51/100
Neutral

Weighted across 6 signals

Narrative Score

52/100
Weak

No change vs previous

Trend Score

54/100
Neutral

As of 2026-06-22

The intrinsic value of Amer Sports, Inc. (AS) is estimated at $30.02 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $36.11, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes an 11.27% long-term growth rate and a 12.55% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Amer Sports, Inc. (AS) is estimated at $30.02 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $36.11, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes an 11.27% long-term growth rate and a 12.55% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$30.02
-16.87% downside
20% margin of safety: $24.02
Years: 10Growth Rate: 11.27%
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Capital Efficiency

Average Quarterly ROIC
2.13%
Cost of Capital (estimated)8%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

51/100
NeutralWeighted across 6 signals
DCF Discount
16.9% premium to price
22
FCF Yield
4.8% trailing FCF yield
69
ROIC vs WACC
ROIC 2.1% vs WACC 8.0% (0.3x)
13
Net Debt / FCF
Net cash position
100
Buybacks
Share count growing
30
FCF CAGR (5Y)
20.7% 5Y FCF CAGR
100
Strengths: Net Debt / FCF, FCF CAGR (5Y). Concerns: DCF Discount, ROIC vs WACC.

Narrative Details

52/100
Weak
Vs 6-Month Baseline:Below Avg (32nd pct)Weighted across 4 recent drivers
Trend: StableConfidence: 69%Updated: 4h ago
Sources: 24 (22 News · 2 Analyst)
Drivers(last 30 days)
17 news sentiment+0.1
2 regulatory scrutiny+0.0
3 earnings beat+0.0
2 analyst reiterations0.0

Trend Details

54/100
NeutralAs of 2026-06-22308 daily bars used
6M Relative Strength vs SPY-15.6%
Distance from 52-Week High-13.9%
Price vs 21 EMA+2.3%
Price vs 21 EMA64 · +2.3%
Price vs 50 EMA63 · +2.7%
21 EMA vs 50 EMA53 · +0.3%
3M RS vs SPY61 · +2.7%
6M RS vs SPY15 · -15.6%
Distance from 52W High72 · -13.9%

Investment Coach

Updating... 12d ago
WATCHConfidence: 41%
Thesis
Amer Sports, Inc. shows constructive fundamentals with a healthy free cash flow yield of 5.1%, but its returns are currently trailing the estimated cost of capital, resulting in a valuation close to fair value that suggests patience. The company’s neutral fundamental score and stable narrative trend indicate a cautious watch stance rather than a buy or sell decision.
Key Risk
The key risk is the sustained negative spread between ROIC and WACC, which may pressure returns and valuation if not improved.
Signals To Watch
  • Price moving to at least a mid-teens discount to fair value.
  • Sustained improvement in ROIC versus WACC spread.
  • Meaningful shifts in the narrative trend and fundamental score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 26.69%5 Year CAGR: 24.47%

Free Cash Flow (in millions)

TTM202520242023202220212020
$998$955$666$338-$4$334$390

How Intrinziq Estimates Fair Value

Intrinziq estimates Amer Sports, Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Amer Sports, Inc.Consumer Cyclical

Amer Sports, Inc. is a global enterprise dedicated to the creation, production, promotion, and sale of athletic equipment, clothing, footwear, and related accessories. The company's extensive reach covers Europe, the Middle East, Africa, the Americas, China, and the wider Asia Pacific region. Its operations are structured into three main divisions. The Technical Apparel segment focuses on high-performance outdoor wear, shoes, and accessories, primarily under the Arc'teryx and Peak Performance brands. The Outdoor Performance segment supplies a variety of outdoor apparel, footwear, accessories, and winter sports gear from labels such as Salomon, Atomic, Armada, and ENVE. Finally, the Ball & Racquet Sports segment delivers sports equipment, activewear, and accessories, featuring prominent brands like Wilson, DeMarini, Louisville Slugger, EvoShield, and ATEC. Beyond these brand-specific offerings, Amer Sports' product range includes specialized items like climbing gear, hiking and running shoes, skiing and snowboarding equipment, functional athletic apparel, and lifestyle footwear. They also provide sporting goods for popular activities such as tennis, baseball, American football, basketball, golf, and many other professional and recreational sports. The company's products are distributed through a diverse network that encompasses its own retail stores, major sporting goods retailers, specialty shops, independently operated partner stores, and various distributors. Furthermore, sales are conducted online via their proprietary e-commerce platforms, as well as through retailer-owned and third-party e-commerce sites. Established in 1950 and headquartered in Helsinki, Finland, the company was previously known as Amer Sports Management Holding (Cayman) Limited, officially changing its name to Amer Sports, Inc. in August 2023.