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ANTA Sports Products Limited (82020) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$231B (≈ $29.5B) · ISIN KYG040111059

AS ANTA Sports Products Limited 82020 · HK
PriceHK$66.45
Fair ValueHK$73.57
Upside+10.7%
Quality65/100

Strengths

✓Trades 10% below our fair value of HK$73.57
✓Healthy Growth (revenue 5y +17.7 %/yr)
✓Solidly profitable · 16.9% net margin
✓Low debt · generates free cash flow

Risks

!Evidence only medium, so the estimate is less certain
Healthy Growth (revenue 5y +17.7 %/yr)
Solidly profitable · 16.9% net margin
Low debt · generates free cash flow
3.31% dividend yield
Wide moat 74/100
Evidence: Medium Range HK$55.18 – HK$122.68 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Aug 13, 2026, revised from HK$93.58 to HK$73.57 (−21.4%) since Aug 6, 2026. Share price −3.5% over the past month.

A solid business, trading 10% below our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • A fairly wide model range (HK$55.18 to HK$122.68) leaves room in how you read the outcome.
  • Our model range runs from HK$55.18 (bear) to HK$122.68 (bull), base HK$73.57. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 65/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (14 months)

HK$93.08 HK$58.55 Fair Value HK$73.57 Jul 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

14‑month range HK$58.55 – HK$93.08 · fair‑value band HK$55.18 – HK$122.68 · the HK$66.45 price screens below the HK$73.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

ANTA Sports Products Limited (82020) currently trades at HK$66.45, while our model-based Fair Value estimate is HK$73.57, implying the stock looks roughly 10.7% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, ANTA Sports Products Limited generated revenue of HK$80.2B at a net margin of 16.9%. Revenue grew 12.4% year over year. It earns a return on equity of 22.5%. Net debt stands at HK$20.6B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$55.18 (bear case) to HK$122.68 (bull case); at HK$66.45, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -1% fair-value upside, at 11%, 82020 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.19 HKD per share, which is 0.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF HK$83.42 HK$148.52 HK$332.59 74
EPV HK$38.61 HK$45.37 HK$51.38 74
Growth DCF HK$80.29 HK$167.93 HK$338.62 73
All 26 models by family
DCF Models
FCF DCF HK$83.42 HK$148.52 HK$332.59 74
Owner Earnings HK$81.26 HK$183.56 HK$401.97 70
5Y Revenue Exit HK$37.85 HK$61.12 HK$99.26 71
5Y EBITDA Exit HK$69.76 HK$131.58 HK$230.63 72
5Y P/E Exit HK$68.81 HK$135.66 HK$219.59 68
10Y Revenue Exit HK$50.07 HK$82.53 HK$122.36 66
10Y EBITDA Exit HK$73.64 HK$142.17 HK$262.25 65
10Y P/E Exit HK$72.97 HK$140.41 HK$251.60 61
Earnings-Based
Graham-Dodd HK$26.60 HK$176.14 HK$246.63 63
Lynch FV HK$51.41 HK$73.45 HK$95.48 61
PEG = 1.0 HK$51.41 HK$73.45 HK$95.48 57
EPV HK$38.61 HK$45.37 HK$51.38 74
Dividend Discount
Gordon GGM HK$17.76 HK$38.77 HK$65.24 65
DDM Multi-Stage HK$17.76 HK$31.76 HK$40.41 66
Multiples
P/E Multiple HK$64.53 HK$86.04 HK$107.55 63
P/S Multiple HK$20.78 HK$27.71 HK$34.63 58
P/B Multiple HK$49.87 HK$66.49 HK$83.11 55
EV/EBIT HK$74.49 HK$99.22 HK$123.95 66
EV/EBITDA HK$66.18 HK$88.13 HK$110.09 67
EV/Revenue HK$19.70 HK$28.02 HK$36.33 53
Asset-Based
NCAV (Graham) HK$9.23 HK$12.37 HK$18.47 54
Growth DCF
Growth DCF HK$80.29 HK$167.93 HK$338.62 73
Rev-Margin DCF HK$37.85 HK$63.33 HK$100.30 71
Economic Profit
Residual Income HK$26.46 HK$33.82 HK$133.94 64
ROIC Compounder HK$48.27 HK$71.84 HK$106.32 70
Growth Earnings
Growth-Adj P/E HK$73.24 HK$104.64 HK$136.03 67

Widest divergence: DCF Models (HK$135.66) versus Asset-Based (HK$12.37). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/S ratio 2.88 TTM
EPS (TTM) HK$2.48
Dividend yield 3.3% payout 88.8%
Net margin 16.9% FY2025
Return on equity 22.5% TTM
Return on assets (EBIT) 16.1% avg 5y
More key figures
Profitability
Operating margin 21.4% TTM
Growth
Revenue (TTM) HK$80.2B TTM
Revenue growth (YoY) +12.4% 3y avg +14.3%
EPS growth (YoY) -15.0%
Balance sheet & cash flow
Free cash flow HK$17.9B FY2025
Net debt HK$20.6B FY2025 · ≈ 1.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 66 · Market factors (momentum, volatility) 47

Profitability 66
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ANTA Sports Products Limited reported revenue of HK$80.2B in FY2025 versus HK$49.3B in FY2021, a compound +12.9%/yr. Reported net income was HK$13.6B in FY2025, compounding +15.2%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$80.2B
Latest YoY
+13.3%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.3%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.7%
Avg. revenue growth/yr (19Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+22.0% (18.7 + 3.3)
Revenue +12.9%/yr
FY21 HK$49.3B
FY22 HK$53.7B
FY23 HK$62.4B
FY24 HK$70.8B
FY25 HK$80.2B
Net income +15.2%/yr
FY21 HK$7.7B
FY22 HK$7.6B
FY23 HK$10.2B
FY24 HK$15.6B
FY25 HK$13.6B
Character of growth · EPS growth decomposed (2014-2025) +21.0 % p.a.
Revenue per share +20.9 %

of which total revenue +22.9 % · buybacks/dilution −1.6 %

EBIT margin +0.1 %
Tax rate −0.3 %
Residual (interest, one-offs) +0.3 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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ANTA Sports Products Limited · Fair Value
HK$73.57 +10%Fair Value
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Cite: Fair Value Calculator (2026). "ANTA Sports Products Limited Fair Value". https://www.fairvalue-calculator.com/stock/82020

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is ANTA Sports Products Limited (82020) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$73.57 versus a price of HK$66.45, about +11% (undervalued).
What is the fair value of 82020?
Our model-based fair value for ANTA Sports Products Limited is HK$73.57 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$66.45.
What is the quality score of 82020?
ANTA Sports Products Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ANTA Sports Products Limited (82020)?
ANTA Sports Products Limited reported trailing-twelve-month revenue of about HK$80.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 82020?
The net profit margin of ANTA Sports Products Limited is about 16.9%, meaning it keeps roughly 16.9% of revenue as net income. Based on the latest reported figures.
Does ANTA Sports Products Limited pay a dividend?
ANTA Sports Products Limited currently shows a dividend yield of about 3.31% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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