ASICS Corporation

ASCCF

Apparel - Footwear & Accessories · Consumer Cyclical

Price

$30.38

+0.00 (+0.00%)

Market Cap

$21.54B

Exchange

Other OTC

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Share count falling — buybacks

−1.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 723.3M (2021) → 715.5M (2025)

ASICS Corporation is a Japanese company that makes athletic shoes, clothing, and sports gear. It is best known for its running shoes, which are sold to everyday runners, professional athletes, and sports teams around the world. The brand name ASICS stands for a Latin phrase meaning "a sound mind in a sound body," and the company has been making performance footwear since 1949.

ASICS earns most of its revenue by selling shoes and apparel directly to consumers through its own stores and website, as well as through third-party retailers and sporting goods chains. The company operates globally, with strong sales in Japan, Europe, and North America, and its roughly $20 billion market cap reflects its position as one of the top running shoe brands worldwide. Its main competitive strength is its reputation for technical performance in running, but it faces constant pressure from much larger rivals like Nike and Adidas, which have far greater marketing budgets and brand reach.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+30.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+48.0% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$7.4B/ year

0.9% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

6.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 years

$124.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$124.0B cash & investments at current burn rate

Revenue accelerating

ASICS Corporation grew revenue 31% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

51.8%

Healthy — 51.8% gross margin

Operating Margin

22.5%

Excellent — 22.5% operating margin

ROCE

14.9%

Good — 14.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+23.2%

Fast-growing sales (23.2% YoY)

EPS YoY

+67.9%

Earnings growing fast (67.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion

84%

Modest — 84% of profit becomes cash

FCF Margin

8.9%

Modest free cash flow (8.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.29

Conservative — low debt load (0.29)

Interest Cover

35.22x

Comfortably covers interest (35.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

0.2x

Attractive valuation — P/E 0.2

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

+0.1

GROWING

Earnings roughly flat

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Dividends

Dividend Yield

0.76%

Small dividend — 0.76% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

-44.5%

Dividend cut (-44.5% YoY) — warning sign

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