AS · NYSE · STOCK
Amer Sports (AS) Stock Analysis
$29.53
52W $28.09 – $42.76
58/100
$17.08B
30.4
1.98
Is AS Bullish or Bearish?
Mixed.
Innellis AI committee rates Amer Sports, Inc. (AS) Watch with a composite score of 58/100
, based on 6 analysts with 50% agreement.
Last updated September 06, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +1.91 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -18.09 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Risk Analyst remains cautious — bollinger bandwidth of 24.9% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 30.5% YoY -- genuine top-line momentum — Growth
- EPS growing 131.5% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- News sentiment is positive (+0.33 across 3 articles, 14d) — News
Bear Case
- P/E of 30.2 is moderate-to-rich — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- MACD histogram negative -- bearish momentum — Technical
- Price structure (HH_HL) contradicts the downtrend -- mixed signals — Technical
- Daily trend (downtrend) conflicts with the weekly trend (uptrend) -- fighting the larger trend — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 06, 2026
Overall Committee Score
58/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 52%
of 178 Consumer Cyclical peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 30.2 is moderate-to-rich
Growth Analyst
bullish
71
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 30.5% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
bearish
39
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 24.9% signals elevated volatility
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 3 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2704.43)
Investment Thesis Evolution
Committee score moved marginally from 58.1 to 58.1.
Comparing 2026-09-05 to 2026-09-06 (1 day apart).
Technical Analysis
RSI (14)
36.0
Neutral
MACD Histogram
-0.297
Bearish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$28.93
Resistance
$37.46
Bollinger %B
0.21
Inside Bands
Price vs Moving Averages
EMA 9
$30.06
Below
EMA 21
$31.58
Below
EMA 50
$33.14
Below
EMA 200
$34.53
Below
Fundamental Analysis
Valuation
74
Growth
65
Profitability
54
Financial Health
90
Cash Flow
70
Valuation
P/E Ratio
30.4×
P/B Ratio
2.51×
PEG Ratio
0.22
Dividend Yield
0.00%
52W High
$42.76
52W Low
$28.09
Quality & Growth
ROE
736.6%
ROA
424.7%
Gross Margin
5981.2%
Operating Margin
1241.1%
Revenue Growth YoY
—
Debt / Equity
0.16
AI Fundamental Assessment
P/E ratio of 30.4 (rich relative to a 15-40x range); Price-to-book of 2.5x; PEG ratio of 0.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 7.4%; Return on assets of 4.2%; Net margin of 7.3%; Gross margin of 59.8%; Current ratio of 1.76 (healthy short-term liquidity); Debt-to-equity of 0.16; Free cash flow per share is positive (1.18); Most recent quarter beat estimates by 17.5%; 5 consecutive earnings beats; EPS growth decelerating (+22.6% -> -65.8% QoQ); Average YoY EPS growth of 116.7%; Analyst estimates falling over recent quarters
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