ANTA Sports Products (2020.HK)
Consumer · HKEX · Hong Kong
Fundamentals
Valuation and ratings
ANTA Sports Products trades at HK$73.80, which is 26% above the HK$54.42 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 84 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About ANTA Sports Products
ANTA Sports Products Limited engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally. The company's products portfolio includes running, cross-training, basketball, professional competition, training, physical education classes, outdoor sports, triathlon, golf, skiing, camping, hiking, urban outdoor, tennis, and other sports under the FILA, FILA KIDS, FILA FUSION, AMER, KOLON SPORT, JACK WOLFSKIN, ANTA, DESCENTE, and ANTA KIDS brands, as well as sports fabrics under MAIA ACTIVE brand name. It also provides logistics, property management, information technology, trademark holding, management, product design, and sports training services, as well as manufacture shoe soles. In addition, the company is involved in trading and retailing of sporting goods. It offers its products through stores and online. ANTA Sports Products Limited was founded in 1991 and is headquartered in Jinjiang, the People's Republic of China.
2020.HK passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is ANTA Sports Products (2020.HK) undervalued?
Against our discounted cash flow estimate of HK$54.42, 2020.HK at HK$73.80 is 26% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is 2020.HK's P/E ratio?
2020.HK trades at 13.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.