- Anta Sports’ revenue in the first half of 2024 was 33.74 billion yuan, surpassing the estimated 32.97 billion yuan.
- ANTA brand’s revenue reached 16.08 billion yuan, versus the expected 15.36 billion yuan.
- FILA brand’s revenue was 13.06 billion yuan, slightly below the estimated 13.47 billion yuan.
- Revenue from other brands amounted to 4.60 billion yuan, exceeding the estimate of 4.32 billion yuan.
- Gross margin for the period was 64.1%, compared to the estimated 63.2%.
- An interim dividend per share of HK$1.18 was announced.
- Market analysts provide strong support with 53 buy ratings, 1 hold rating, and 0 sell ratings on Anta Sports’ stock.
Anta Sports Products on Smartkarma
Analyst coverage on Anta Sports Products on Smartkarma has been overwhelmingly positive. Steve Zhou, CFA, in his report “Anta/Li Ning/Xtep: China Sportswear 1Q24 Update,” highlights the acceleration of retail sales for Anta Sports starting in mid-March, indicating a positive trend for the company. Similarly, Osbert Tang, CFA, in his report “Anta Sports (2020 HK): Sustains Strengths into FY24,” expects continued growth for Anta in FY24, with a projected 10-30% YoY brand growth. Tang also notes the anticipation of non-recurring gains and positive profit contributions, reflecting bullish sentiments towards Anta Sports Products.
Furthermore, Steve Zhou, CFA, in his report titled “Anta Sports (2020 HK): 2024 High Conviction Update – Earnings Beat In 2H23,” underscores the strong performance of Anta Sports in 2023, beating expectations and showcasing a forward PE of 18x based on estimated 2024 earnings. Zhou predicts a 15-20% CAGR in net profit from 2024-2026, indicating a positive outlook for the company. Overall, the analyst coverage on Anta Sports Products on Smartkarma indicates a favorable stance towards the company’s growth potential and financial performance in the upcoming years.
A look at Anta Sports Products Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Anta Sports Products shows a promising long-term outlook. With solid scores of 4 in Dividend, Growth, Resilience, and Momentum, the company appears well-positioned for future success. Although its Value score is at 2, indicating room for improvement, the overall outlook remains positive. Anta Sports Products Limited, known for designing, developing, and marketing sportswear, including footwear and apparel, seems to have a resilient and growing business model.
Investors looking for opportunities in the sports products industry may find Anta Sports Products appealing given its strong performance across key factors. With a focus on growth, resilience, and momentum, the company demonstrates potential for continued success in the market. As a leading player in sportswear, Anta Sports Products Limited’s future prospects seem bright, supported by its impressive Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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