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China's largest domestic sportswear group, owning the Anta brand plus FILA China and international brands including Amer Sports (Salomon, Arc'teryx).
China's largest domestic sportswear group, owning the Anta brand plus FILA China and international brands including Amer Sports (Salomon, Arc'teryx).
Has shifted from selling to distributors toward running its own retail, which gives it control over pricing and what is on the shelves. It built its portfolio by buying FILA's China rights in 2009 and leading the 2019 purchase of Amer Sports, in which it holds a large interest.
In one line: A Chinese Nike, having also acquired a global outdoor/ski brand portfolio.
Moat: narrow (brand, distribution, scale). Multi-brand portfolio and China's largest sportswear retail network give scale and shelf-space advantages.
Headquarters: Jinjiang, China · Founded: 1991 · Employees: 69,100
Size Anta Sports (2020.HK) is a Hong Kong Consumer Discretionary company (Apparel/Footwear) with a market value of $28.2B, the 56th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$79.65 on 6 Nov 2026.
Performance Over six months the shares gained 2.3%, against +5.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 15 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +5.6%); the operating margin is 20.5% (peer median 15.1%).
Valuation It trades at 12.5× forward earnings against a peer median of 18.7× (3rd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.1 points above its cost of capital (8.9% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$95.2B | HK$87.0B | HK$76.8B | HK$68.9B | HK$62.4B |
| Revenue growth | — | +13% | +11% | +10% | — |
| Gross profit | HK$59.2B | HK$53.7B | HK$47.6B | HK$43.0B | HK$37.4B |
| EBITDA | HK$27.0B | HK$24.3B | HK$21.3B | HK$20.6B | HK$15.8B |
| Net income | HK$18.0B | HK$14.7B | HK$16.9B | HK$11.3B | HK$8.83B |
| Free cash flow | HK$22.9B | HK$19.9B | HK$14.3B | HK$20.3B | HK$12.2B |
| Capital expenditure | HK$3.16B | HK$2.95B | HK$3.75B | HK$1.46B | HK$2.02B |
| Total debt | n/a | HK$37.2B | HK$31.7B | HK$24.1B | HK$22.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Anta Sports 2020.HK | $28.2B | +2% | +17% | 21% | 12.5× | -0.7% |
| Nike NKE | $57.3B | -13% | -1% | 9% | 30.4× | 7.0% |
| Li Ning 2331.HK | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% |
| Xtep International 1368.HK | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% |
| adidas ADS.DE | $33.2B | +19% | +8% | 9% | 18.3× | 3.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2020.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.6% | +10.4% | 7th highest of 15 |
| 6-month return | +2.3% | +5.7% | 7th lowest of 15 |
| Distance from 52-week high | -9.0% | -17.3% | 5th highest of 15 |
| Revenue growth (TTM) | +16.6% | +5.6% | 4th highest of 15 |
| Operating margin | 20.5% | 15.1% | 3rd highest of 15 |
| Forward P/E | 12.5× | 18.7× | 3rd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -0.7% | 8.2% | 5th least demanding of 15 |
| Growth delivered (Del g) | +16.9% | +13.7% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -17.6 pp | -5.8 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +10.1 pp | +13.2 pp | 6th lowest of 15 |
| EV / EBITDA | 8.1× | 10.9× | 4th cheapest of 13 |
| Net debt / EBITDA | -0.5× | 0.4× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anta Sports 2020.HK | Hong Kong | $28.2B | +2% | +17% | 21% | 12.5× | -0.7% | +16.9% |
| adidas ADS.DE | Germany | $33.2B | +19% | +8% | 9% | 18.3× | 3.5% | +6.1% |
| Next NXT.L | United Kingdom | $23.8B | +24% | +13% | 19% | 18.8× | 12.5% | +14.3% |
| Ralph Lauren RL | United States | $22.4B | +5% | +15% | 17% | 18.6× | 11.0% | +13.0% |
| Asics 7936.T | Japan | $20.7B | +10% | +28% | 19% | 27.1× | 14.1% | +19.8% |
| Ryohin Keikaku 7453.T | Japan | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% | +15.3% |
| Nike NKE | United States | $57.3B | -13% | -1% | 9% | 30.4× | 7.0% | +0.8% |
| Moncler MONC.MI | Italy | $13.8B | -11% | +3% | 29% | 19.5× | 10.8% | +16.8% |
| Lululemon Athletica LULU | United States | $12.8B | -16% | +2% | 18% | 13.4× | -8.9% | +20.3% |
| On Holding AG Class A ONON | United States | $12.3B | +6% | +29% | 14% | 20.0× | 22.0% | +51.6% |
| Deckers Brands DECK | United States | $11.6B | -14% | +6% | 23% | 11.0× | -3.3% | +16.5% |
| Levi Strauss & LEVI | United States | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% | +7.1% |
| Shenzhou Intl 2313.HK | Hong Kong | $8.08B | -7% | +2% | 16% | 11.8× | -4.5% | +5.4% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |