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Analyst

Steve

Equity Bottom-Up

<ul>
<li>At noon time today, <a href="https://www.smartkarma.com/entities/anta-sports-products-ltd" target="_blank" data-smartkarma-citation="entities:10261:1" rel="noopener">Anta Sports Products (2020 HK)</a> released strong 2023 results which beat expectations. </li>
<li>Anta currently trades at a forward PE of 18x based on estimated 2024 earnings (assuming a conservative 15% yoy growth in 2024 earnings). </li>
<li>I expect the company's net profit to grow 15-20% CAGR in 2024-2026.  Anta's historical forward PE is around 24x since 2017. </li>
</ul>


At noon time today, Anta Sports Products (2020 HK) released strong 2023 results which beat expectations. 
Anta currently trades at a forward PE of 18x based on estimated 2024 earnings (assuming a conservative 15% yoy growth in 2024 earnings). 
I expect the company's net profit to grow 15-20% CAGR in 2024-2026.  Anta's historical forward PE is around 24x since 2017. 


Anta Sports (2020 HK):  2024 High Conviction Update - Earnings Beat In 2H23