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ANTA Sports Products Ltd
HKEX:2020

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ANTA Sports Products Ltd
HKEX:2020
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Price: 81.7 HKD -1.86% Market Closed
Market Cap: HK$228.5B

P/S

2.5
Current
21%
Cheaper
vs 3-y average of 3.2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.5
=
Market Cap
HK$232.8B
/
Revenue
¥80.2B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.5
=
Market Cap
HK$232.8B
/
Revenue
¥80.2B

Valuation Scenarios

ANTA Sports Products Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (3.2), the stock would be worth HK$103.81 (27% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-24%
Maximum Upside
+45%
Average Upside
14%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.5 HK$81.7
0%
3-Year Average 3.2 HK$103.81
+27%
5-Year Average 3.7 HK$118.5
+45%
Industry Average 1.9 HK$61.8
-24%
Country Average 2.8 HK$89.45
+9%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
HK$232.8B
/
Jan 2026
¥80.2B
=
2.5
Current
HK$232.8B
/
Dec 2026
¥89B
=
2.6
Forward
HK$232.8B
/
Dec 2027
¥96.6B
=
2.4
Forward
HK$232.8B
/
Dec 2028
¥104.6B
=
2.2
Forward
HK$232.8B
/
Dec 2029
¥116.8B
=
2
Forward
HK$232.8B
/
Dec 2030
¥127.8B
=
1.8
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CN
ANTA Sports Products Ltd
HKEX:2020
232.8B HKD 2.5 14.9
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
225.7B EUR 2.8 20.8
FR
Hermes International SCA
PAR:RMS
170.1B EUR 10.6 37.6
KR
SBW
KRX:102280
235.5T KRW 2 563.1 -117 637.1
CH
Compagnie Financiere Richemont SA
SIX:CFR
88.7B CHF 4.4 23.7
FR
EssilorLuxottica SA
PAR:EL
84.8B EUR 3 36.6
FR
Christian Dior SE
PAR:CDI
77.8B EUR 1 17.2
IN
Titan Company Ltd
NSE:TITAN
3.9T INR 5.2 82.3
FR
Kering SA
PAR:KER
29B EUR 2 402.1
US
Tapestry Inc
NYSE:TPR
29.7B USD 3.9 56.3
DE
Adidas AG
XETRA:ADS
24.6B EUR 1 18.4
P/E Multiple
Earnings Growth PEG
CN
ANTA Sports Products Ltd
HKEX:2020
Average P/E: 71
14.9
10%
1.5
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
20.8
11%
1.9
FR
Hermes International SCA
PAR:RMS
37.6
12%
3.1
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
CH
Compagnie Financiere Richemont SA
SIX:CFR
23.7
16%
1.5
FR
EssilorLuxottica SA
PAR:EL
36.6
26%
1.4
FR
Christian Dior SE
PAR:CDI
17.2
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
82.3
32%
2.6
FR
Kering SA
PAR:KER
402.1
186%
2.2
US
Tapestry Inc
NYSE:TPR
56.3
107%
0.5
DE
Adidas AG
XETRA:ADS
18.4
23%
0.8

Market Distribution

In line with most companies in China
Percentile
47th
Based on 7 736 companies
47th percentile
2.5
Low
0 — 1.5
Typical Range
1.5 — 5.4
High
5.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.8
70th Percentile 5.4
Max 5 034 353.9

ANTA Sports Products Ltd
Glance View

In the bustling realm of athletic footwear and apparel, ANTA Sports Products Ltd. stands as a dynamic force, embodying the spirit of innovation and tenacity. Founded in 1991, this Chinese company catapulted from a domestic player to a significant international contender, wielding a strategic blend of design, retailing, and manufacturing prowess. ANTA's model thrives on a vertically integrated supply chain, enabling it to maintain quality while optimizing costs—an essential factor in its competitive pricing strategy. With its headquarters in Jinjiang, ANTA makes and sells sportswear items under its own ANTA brand, while also managing a portfolio of high-profile acquisitions, such as FILA China and Arc'teryx’s parent, Amer Sports, thus broadening its range and appeal across diverse market segments. ANTA’s revenue engine hums with activity in both mass-market appeal and premium offerings through its multi-brand strategy. The company crafts its profitability by capitalizing on endorsements with top athletes and strategic collaborations in the sports and lifestyle spheres. Becoming the official sponsor for major leagues and events, ANTA enhances its brand equity both locally and internationally. It harnesses its extensive retail network, digital platforms, and a keen eye for expanding e-commerce avenues to reach a vast consumer base, driving substantial sales growth. This approach not only fortifies ANTA as a cornerstone of China's sportswear sector but also propels its ambitions on the global stage, balancing between cultural adaptability and relentless market penetration.

Intrinsic Value
115.81 HKD
Undervaluation 29%
Intrinsic Value
Price HK$81.7
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