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ANTA Sports Products Limited 2020.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Consumer Cyclical · website

ANTA Sports Products Limited statistics & valuation

Market capCN¥200.3B
P / E14.7×
P / S2.5×
P / B3.0×
P / FCF11.0×
Dividend yield3.29%
Net margin16.9%
Return on equity20.7%
FCF margin22.8%
Net debtCN¥19.6B
Enterprise value USD$28.5B
Earnings yield EBIT/EV8.6%
Return on capital20.8%
Graham number -30%CN¥50.64

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥50.64); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.10% 16.40% 22.00% 16.90% 2022202320242025
Gross margin (%)
60.20% 62.60% 62.20% 62.00% 2022202320242025
Operating margin (%)
20.50% 24.30% 23.20% 23.50% 2022202320242025
Return on equity (%)
22.10% 19.90% 25.30% 20.70% 2022202320242025
Shares outstanding
2.77B 2.77B 2.77B 2.77B 2022202320242025
Net debt (CN¥)
CN¥2.12B CN¥6.24B CN¥16.73B CN¥19.58B 2022202320242025
Share buybacks (CN¥)
CN¥0 CN¥844.0M CN¥1.95B 2022202320242025
Return on assets (%)
11.00% 11.10% 13.80% 10.90% 2022202320242025
Free cash flow margin (%)
19.40% 29.30% 18.80% 22.80% 2022202320242025
Debt / equity (×)
0.57× 0.42× 0.46× 0.48× 2022202320242025
EPS (CN¥)
CN¥2.76 CN¥3.60 CN¥5.41 CN¥4.80 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ANTA Sports Products Limited trades at about 15.1× earnings — below its 10-year norm (10-year range 15.3×–42.9×, median 18.2×).

15.1× 42.9×

Shaded band = 10-year range (15.3×–42.9×); dot = today's 15.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin62.0%62.2%62.6%60.2%
Operating margin23.5%23.2%24.3%20.5%
Net margin16.9%22.0%16.4%14.1%
FCF margin22.8%18.8%29.3%19.4%
Return on assets10.9%13.8%11.1%11.0%
Return on equity20.7%25.3%19.9%22.1%
Debt / equity0.18×0.20×0.21×0.01×
Current ratio1.791.842.531.63

Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.