WallStSmart
AS

Amer Sports, Inc.

NYSE: AS · CONSUMER CYCLICAL · LEISURE

$35.46
-0.39% today

Updated 2026-06-12

Market cap
$20.60B
P/E ratio
44.26
P/S ratio
2.93x
EPS (TTM)
$0.80
Dividend yield
—
52W range
$29 – $43
Volume
4.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Amer Sports, Inc. (AS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Research-backed AS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$35.46
Today
Analyst consensus
$46.64
+31.53% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
14 analysts:
6 Buy1 Hold0 Sell

Management guidance

AS management has not disclosed specific multi-year revenue targets in available guidance. FY2026 guidance implies $7.97B revenue (21.3% growth from $6.57B FY2025), with confidence around mid-20% growth rates for near-term years. Company is executing on Arc'teryx, Salomon, and Wilson brand expansion with focus on direct-to-consumer and international growth, particularly in outdoor/athletic categories.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

AS · Amer Sports, Inc. · Revenue & price projection · 2023–2030E

Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com

AS financial forecast · Research-backed projections

Metric20252026 (E)2027 (E)2028 (E)2029 (E)2030 (E) ★
Revenue$6.6B$8.0B$9.1B$10.6B$12.2B$13.8B
Revenue growth26.7%21.3%14.4%16.6%14.7%13.7%
Net margin——————
EPS$0.31$1.20$1.52$1.95$2.38$2.85
Diluted shares——————
Net debt——————
P/S multiple—1.0x1.0x1.0x1.0x1.0x
Implied price (base)—$166.11$189.84$223.74$254.25$291.54
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.

Scenario detail · Three drivers, three outcomes

2030E driverBearBaseBull
Revenue$13.8B$13.8B$13.8B
P/S multiple1.0x1.0x3.0x
Diluted shares0M0M0M
Net debt———
Implied P/E †———
2030 Price$—$—$—
NPV @ —$—$—$—
† Implied P/E: Multiples remain elevated across all three scenarios because AS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.

EV to per-share bridge · How we get to $— base case

Bridge from revenue to per-share price$13.8B revenue times 1.0x P/S equals $14B EV, minus — net debt equals $14B equity, divided by 0M shares equals $— per shareREVENUE$13.8B2030 base case× 1.0xP/S multipleENTERPRISE VALUE$14BTotal firm value− —Net debtEQUITY VALUE$14BOwners' claim÷ 0MDiluted shares2030 PRICE TARGET$—Base case · per shareRevenue × P/S − Net debt ÷ Diluted shares = Per-share priceBear case: $— · Bull case: $— · NPV @ 0% WACC: $—

AS catalysts and risks

Growth catalysts
+ Salomon footwear brand acceleration and outdoor category expansion driving above-market growth
+ Arc'teryx direct-to-consumer expansion in international markets (Europe, Asia)
+ Wilson brand recovery and tennis equipment market share gains
+ Margin expansion from operating leverage and direct-to-consumer mix shift
+ Strategic debt reduction ($750M offering to redeem 2031 notes) improving financial flexibility
Key risks
- China economic slowdown and tariff exposure impacting sourcing and demand
- Consumer discretionary spending weakness in North America affecting near-term growth
- Competitive pressure from Nike, Adidas, and Lululemon in overlapping categories
- Integration execution risks with recent acquisitions and brand portfolio management
- High valuation (44x P/E, 3.0x P/S) leaves limited margin for error on growth delivery

Methodology · Amer Sports, Inc. 2030 stock forecast model

Amer Sports, Inc. 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:

1. Share dilutionProjected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for AS by 2030)
2. Net debtEV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030)
3. Time valueNPV calculated using — WACC (sector fallback)
4. Multiple frameworkP/S compresses with scale: bear 1.0x / base 1.0x / bull 3.0x
5. Scenario designBull/Base/Bear vary revenue, margin, shares, debt, and multiple independently

WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.

AS price target FAQ

How is the Amer Sports, Inc. 2030 stock forecast calculated?

The AS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.

What is the analyst consensus on AS stock?

14 analysts cover AS with an average 12-month price target of $46.64. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.