ANTA Sports Products Limited

HK$79.65As of Sun 8 Nov 2026, 12:00 UTC

HKEX:2020Consumer Disc

Country Hong Kong

PE (Fwd) •••

TSR 10Y CAGR 15.88%

Div yield 3.08%

ROE 24.76%

Leisure

Beta (5Y) 0.69

PE TTM 12.19

TSR TTM 1.75%

Mkt cap HK$222.8B

ROIC 23.30%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$94

17.61%

(35.53%)

Hold 9|5|6|9|12

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

32.66

Revenue¥B

27.33

27.60

27.88

28.11

28.92

29.83

30.06

30.79

31.03

31.11

35.57

1.48%

1.66%

21.59

Revenue growth%

22.02

23.20

22.51

21.66

20.38

22.94

21.89

19.83

17.04

17.71

14.78

19.83

21.77

7.35

Gross margin%

27.46

25.43

25.45

26.54

28.54

30.11

28.46

30.88

29.26

31.22

28.39

30.11

28.50

27.69

Operating margin%

18.23

16.93

18.78

18.32

21.03

19.27

21.57

24.53

21.94

22.64

21.59

21.94

20.15

27.05

Net margin%

2.88

4.90

4.56

6.05

3.25

2.94

1.65

3.40

3.67

2.02

7.04

2.94

3.32

23.01

P/E ratio (avg)x

15.59

16.77

18.15

18.36

18.00

17.98

17.86

20.11

19.78

20.89

34.81

19.78

18.08

24.24

EV/EBITx

22.89

21.08

19.63

17.69

15.33

12.96

13.24

14.12

13.08

11.71

10.27

13.08

14.72

22.44

FCF yield (avg)%

1.79

0.71

2.87

1.25

0.40

0.43

2.02

4.19

21.34

0.43

0.98

13.80

FCF margin%

0.56

0.40

1.12

3.67

5.55

6.91

4.97

3.80

4.00

3.27

10.27

4.00

3.73

0.652

FCF / Net incomex

1.003

0.970

0.973

1.086

1.152

1.293

1.399

1.577

1.609

1.772

1.787

1.577

1.223

18.62

ROIC%

12.85

11.10

8.17

8.88

8.10

10.53

10.80

10.55

9.79

12.63

8.67

10.55

10.54

16.95

Return on equity%

22.69

25.21

27.05

25.93

24.99

23.01

24.10

21.19

20.13

19.27

13.22

21.19

23.56

8.12

Return on assets%

25.80

28.12

26.52

25.84

26.72

25.34

27.97

30.76

28.84

27.04

8.91

27.97

26.88

7.72

EPS¥

17.44

18.98

18.46

20.12

23.29

26.90

29.41

31.26

28.96

30.51

8.17

5.54%

5.88%

—

27.17

EPS growth%

21.58

21.62

19.12

16.39

13.40

12.93

12.69

11.20

9.21

8.34

9.06

11.20

13.17

10.98

Bookvalue per sh¥

5.69

5.76

5.58

5.47

5.43

5.77

5.64

5.86

6.40

7.21

10.82

5.81%

3.28%

—

2.77

FCF per share¥

11.01

12.49

14.81

14.62

15.21

18.23

18.07

19.87

23.26

25.17

10.23

10.60%

8.57%

—

12.43

Dividend per sh¥

12.51

13.34

14.73

16.45

18.43

19.21

18.80

20.76

21.51

24.05

14.73

5.47%

6.42%

—

19.09

Div yield (avg)%

1.51

3.05

0.67

1.34

3.57

2.62

2.70

3.04

5.05

7.32

11.88

3.04

2.87

15.64

Payout ratio%

26.32

27.93

26.94

26.85

25.12

23.07

21.64

24.09

25.16

24.63

20.34

24.09

25.14

2.834

Shares (diluted)B

3.400

3.714

3.462

3.282

3.667

3.603

3.355

3.669

3.829

3.878

2.805

1.13%

2.25%

8.23

Buyback yield%

3.68

3.93

3.85

5.85

3.63

3.09

4.98

2.93

4.84

5.01

10.05

4.84

3.89

0.925

D/E ratiox

1.147

1.060

1.024

0.934

0.921

0.822

0.853

0.861

0.860

0.795

0.834

0.853

0.891

21.93

Enterprise value¥B

6.194

5.771

6.106

5.520

5.431

4.700

5.065

5.485

5.588

5.646

39.36

0.78%

(1.90%)

32.79

LT debt¥B

34.76

32.24

35.96

37.88

43.77

49.43

50.05

56.76

63.74

59.61

15.71

6.37%

5.27%

Peers (US$28.41B)

Cap (US$)

Pop Mart International…

23.76B

12.36x

Li Ning Company Limited

5.085B

11.50x

Bloks Group Limited

1.553B

14.68x

BANDAI NAMCO Holdings…

26.03B

26.88x

Capital

TTM

10Y

Leveragex

0.413

0.200

0.197

EBIT/Intx

7.560

0.088

0.109

Own earn%

(119.72)

0.21

(3.16)

Sh yield%

27.32

7.67

7.08

Owners

Insiders/Inst%

6.26

73.17

Short interest%

4.43

SBC / revenue%

1.51

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

17–25

$1 testx

0.2

Incr. ROIC%

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.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥31.11B

1.66%

1.00×

Cost of revenue

¥15.94B

1.54%

0.99×

Operating expenses

¥4.699B

2.35%

1.07×