Amer Sports, Inc. (AS) vs YETI Holdings, Inc. (YETI)

Amer Sports, Inc. and YETI Holdings, Inc. are both Leisure companies. Amer Sports, Inc. is the larger, with a market value of $15.6B against $3.1B — 5.1× the size. YETI Holdings, Inc. trades at the lower P/E: 18.1× against 28.6×. Amer Sports, Inc. grew revenue faster over the last twelve months: 30.5% against 6.24%. YETI Holdings, Inc. has the higher net margin (9.24% vs 7.35%) and the higher return on invested capital (22.7% vs 8.43%). Across the 20 metrics below, YETI Holdings, Inc. leads on 13 and Amer Sports, Inc. on 7.

Valuation

Metric AS YETI Leisure median
P/E 28.57 18.15 17.42
P/S 2.17 1.63 1.02
P/B 2.34 5.18 2.13
Price to free cash flow 25.43 16.37 11.49
EV/EBITDA 11.70 10.93 9.97
EV/Sales 2.20 1.65 2.00
Earnings yield 3.50% 5.51% 2.85%
Free cash flow yield 3.93% 6.11% 3.64%

Profitability

Metric AS YETI Leisure median
Gross margin 59.81% 59.21% 48.02%
Operating margin 12.87% 12.18% 3.08%
Net margin 7.35% 9.24% 2.58%
Free cash flow margin 8.54% 9.97% 2.13%
Return on equity 8.80% 25.32% 0.00%
Return on assets 5.68% 13.73% 0.05%
Return on invested capital 8.43% 22.66% 3.95%

Growth

Metric AS YETI Leisure median
Revenue growth (TTM) 30.49% 6.24% 3.28%
EPS growth (last fiscal year) 442.86% (0.98%) —
Revenue growth, 5-year CAGR — 11.35% 4.22%
Net income growth, 5-year CAGR — 1.20% 0.00%

Health

Metric AS YETI Leisure median
Debt to equity 0.13 0.17 0.02
Current ratio 1.76 1.75 1.76
Net debt to EBITDA 0.87 (0.43) 1.85

Dividend

Metric AS YETI Leisure median
Dividend yield — — 2.86%
Payout ratio — 0.00 0.00

Size

Metric AS YETI Leisure median
Market cap 15.58b 3.06b 293.27m

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