ANTA SPORTS PRODUCTS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 90 HKD | +1.12% |
|
+7.40% | +18.81% |
| Apr. 18 | China stocks track Asian markets higher | RE |
| Apr. 17 | Anta Sports Products Logs Rise in Q1 Retail Sales Across Brands | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 168,422 | 279,630 | 257,496 | 277,604 | 195,026 | 235,987 | - | - |
| Enterprise Value (EV) 1 | 165,017 | 273,707 | 250,474 | 272,916 | 173,294 | 210,115 | 205,948 | 198,205 |
| P/E ratio | 31.4 x | 54.6 x | 33.9 x | 37.1 x | 19.1 x | 18.7 x | 16.7 x | 14.6 x |
| Yield | 0.98% | 0.55% | 1.09% | 1.15% | 2.64% | 2.81% | 3.06% | 3.57% |
| Capitalization / Revenue | 4.96 x | 7.87 x | 5.22 x | 5.17 x | 3.13 x | 3.33 x | 2.96 x | 2.65 x |
| EV / Revenue | 4.86 x | 7.71 x | 5.08 x | 5.09 x | 2.78 x | 2.97 x | 2.58 x | 2.22 x |
| EV / EBITDA | 18.1 x | 24.4 x | 17.6 x | 17.4 x | 8.51 x | 9.94 x | 8.73 x | 7.53 x |
| EV / FCF | 25.7 x | 41.3 x | 24.2 x | 26.2 x | 9.46 x | 12.7 x | 11.5 x | 10 x |
| FCF Yield | 3.9% | 2.42% | 4.14% | 3.81% | 10.6% | 7.85% | 8.73% | 9.95% |
| Price to Book | 8.39 x | 11.6 x | 8.9 x | 8.07 x | 3.79 x | 3.96 x | 3.56 x | 3.09 x |
| Nbr of stocks (in thousands) | 2,701,947 | 2,703,329 | 2,703,329 | 2,713,624 | 2,832,624 | 2,832,624 | - | - |
| Reference price 2 | 62.33 | 103.4 | 95.25 | 102.3 | 68.85 | 83.31 | 83.31 | 83.31 |
| Announcement Date | 3/24/20 | 3/24/21 | 3/22/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 33,928 | 35,512 | 49,328 | 53,651 | 62,356 | 70,769 | 79,775 | 89,150 |
| EBITDA 1 | 9,132 | 11,231 | 14,255 | 15,694 | 20,354 | 21,131 | 23,601 | 26,329 |
| EBIT 1 | 8,690 | 9,152 | 10,989 | 11,230 | 15,367 | 17,105 | 19,446 | 22,047 |
| Operating Margin | 25.61% | 25.77% | 22.28% | 20.93% | 24.64% | 24.17% | 24.38% | 24.73% |
| Earnings before Tax (EBT) 1 | 8,008 | 8,089 | 11,240 | 11,355 | 15,640 | 18,998 | 21,374 | 24,568 |
| Net income 1 | 5,340 | 4,831 | 7,720 | 7,590 | 10,236 | 12,648 | 14,196 | 16,322 |
| Net margin | 15.74% | 13.6% | 15.65% | 14.15% | 16.42% | 17.87% | 17.8% | 18.31% |
| EPS 2 | 1.985 | 1.894 | 2.810 | 2.760 | 3.600 | 4.460 | 4.983 | 5.697 |
| Free Cash Flow 1 | 6,433 | 6,626 | 10,369 | 10,411 | 18,313 | 16,488 | 17,975 | 19,724 |
| FCF margin | 18.96% | 18.66% | 21.02% | 19.41% | 29.37% | 23.3% | 22.53% | 22.12% |
| FCF Conversion (EBITDA) | 70.45% | 59% | 72.74% | 66.34% | 89.97% | 78.03% | 76.16% | 74.91% |
| FCF Conversion (Net income) | 120.47% | 137.16% | 134.31% | 137.17% | 178.91% | 130.36% | 126.62% | 120.85% |
| Dividend per Share 2 | 0.6102 | 0.5712 | 1.041 | 1.175 | 1.819 | 2.344 | 2.553 | 2.977 |
| Announcement Date | 3/24/20 | 3/24/21 | 3/22/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19,117 | 14,669 | 20,843 | 22,812 | 26,516 | 25,965 | 27,686 | 29,645 | 32,711 | 33,566 | 37,657 |
| EBITDA | 4,676 | - | 6,716 | - | 6,877 | - | - | - | - | - | - |
| EBIT 1 | 4,430 | 3,604 | 5,548 | 5,905 | 5,084 | 5,792 | 5,438 | 7,623 | 7,744 | 8,495 | 9,121 |
| Operating Margin | 23.17% | 24.57% | 26.62% | 25.89% | 19.17% | 22.31% | 19.64% | 25.71% | 23.67% | 25.31% | 24.22% |
| Earnings before Tax (EBT) 1 | 4,234 | 2,820 | 5,269 | - | 5,450 | 5,592 | 5,763 | 7,463 | 8,177 | 10,224 | 9,978 |
| Net income 1 | 2,860 | 1,658 | 3,173 | 3,840 | 3,880 | 3,588 | 4,002 | 4,748 | 5,488 | 6,714 | 6,557 |
| Net margin | 14.96% | 11.3% | 15.22% | 16.83% | 14.63% | 13.82% | 14.45% | 16.02% | 16.78% | 20% | 17.41% |
| EPS 2 | - | - | - | - | - | - | 1.450 | 1.700 | 1.900 | 2.375 | 2.280 |
| Dividend per Share | - | - | - | - | - | - | 0.6311 | - | 1.062 | - | - |
| Announcement Date | 3/24/20 | 8/25/20 | 3/24/21 | 8/24/21 | 3/22/22 | 8/23/22 | 3/21/23 | 8/22/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 3,405 | 5,923 | 7,022 | 4,688 | 21,732 | 25,872 | 30,039 | 37,782 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 6,433 | 6,626 | 10,369 | 10,411 | 18,313 | 16,488 | 17,975 | 19,724 |
| ROE (net income / shareholders' equity) | 29.8% | 23.4% | 29.2% | 24% | 23.8% | 22.9% | 23.1% | 23.2% |
| ROA (Net income/ Total Assets) | 16.3% | 11.1% | 13.5% | 11.5% | 12.7% | 13.2% | 13.7% | 14.4% |
| Assets 1 | 32,761 | 43,523 | 57,185 | 66,000 | 80,598 | 95,838 | 103,959 | 113,361 |
| Book Value Per Share 2 | 7.430 | 8.880 | 10.70 | 12.70 | 18.20 | 21.00 | 23.40 | 26.90 |
| Cash Flow per Share 2 | 2.780 | 2.770 | 4.270 | 4.370 | 6.850 | 6.140 | 7.110 | 7.590 |
| Capex 1 | 1,087 | 851 | 1,493 | 1,736 | 1,321 | 1,511 | 1,537 | 1,964 |
| Capex / Sales | 3.2% | 2.4% | 3.03% | 3.24% | 2.12% | 2.13% | 1.93% | 2.2% |
| Announcement Date | 3/24/20 | 3/24/21 | 3/22/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
40
Last Close Price
83.31
CNY
Average target price
103.4
CNY
Spread / Average Target
+24.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.81% | 32.57B | |
| -6.17% | 2.71B | |
| -6.31% | 2.34B | |
| -6.99% | 1.66B | |
| -17.87% | 1.19B | |
| +7.44% | 707M | |
| +1.07% | 155M | |
| -2.01% | 126M |
- Stock Market
- Equities
- 2020 Stock
- Financials ANTA Sports Products Limited
