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UA - Under Armour, Inc.

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Under Armour, Inc.

UA

NYSE

Under Armour, Inc., together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications. In addition, the company offers accessories, which include gloves, bags, headwear, and sports masks; and digital subscription and advertising services under the MapMyRun and MapMyRide platforms. It primarily offers its products under the UNDER ARMOUR, UA, HEATGEAR, COLDGEAR, HOVR, PROTECT THIS HOUSE, I WILL, UA Logo, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. Under Armour, Inc. was incorporated in 1996 and is headquartered in Baltimore, Maryland.

5.89 USD

0.31 (5.26%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

5.27B

4.47B

5.68B

5.9B

5.7B

5.88B

6.06B

6.25B

6.44B

6.64B

Revenue %

-

-15.05

27.01

3.87

-3.42

3.11

3.11

3.11

3.11

Ebitda

417.51M

321.3M

708.47M

421.43M

372.34M

484.91M

499.98M

515.51M

531.52M

548.03M

Ebitda %

7.93

7.18

12.47

7.14

6.53

8.25

8.25

8.25

8.25

Ebit

231.08M

156.31M

567.33M

283.81M

229.75M

313.93M

323.68M

333.74M

344.1M

354.79M

Ebit %

4.39

3.49

9.98

4.81

4.03

5.34

5.34

5.34

5.34

Depreciation

186.43M

164.98M

141.14M

137.62M

142.59M

170.98M

176.29M

181.77M

187.42M

193.24M

Depreciation %

3.54

3.69

2.48

2.33

2.5

2.91

2.91

2.91

2.91

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

788.07M

1.52B

1.67B

711.91M

858.69M

1.24B

1.28B

1.32B

1.36B

1.4B

Total Cash %

14.96

33.91

29.37

12.06

15.06

21.07

21.07

21.07

21.07

Receivables

708.71M

527.34M

569.01M

759.86M

757.34M

722.01M

744.43M

767.56M

791.4M

815.98M

Receivables %

13.46

11.79

10.01

12.87

13.28

12.28

12.28

12.28

12.28

Inventories

892.26M

895.97M

811.41M

1.19B

958.5M

1.04B

1.07B

1.1B

1.14B

1.17B

Inventories %

16.94

20.02

14.28

20.16

16.81

17.64

17.64

17.64

17.64

Payable

618.19M

575.95M

613.31M

649.12M

483.73M

645.26M

665.3M

685.97M

707.28M

729.25M

Payable %

11.74

12.87

10.79

11

8.48

10.98

10.98

10.98

10.98

Cap Ex

-145.8M

-92.29M

-69.76M

-187.8M

-150.33M

-139.63M

-143.97M

-148.44M

-153.05M

-157.81M

Cap Ex %

-2.77

-2.06

-1.23

-3.18

-2.64

-2.38

-2.38

-2.38

-2.38

Weighted Average Cost Of Capital

Price

6.21

Beta

Diluted Shares Outstanding

451.01M

Costof Debt

4.09

Tax Rate

After Tax Cost Of Debt

3.62

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

1.44B

Total Equity

2.8B

Total Capital

4.24B

Debt Weighting

34

Equity Weighting

66

Wacc

8.69

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

5.27B

4.47B

5.68B

5.9B

5.7B

5.88B

6.06B

6.25B

6.44B

6.64B

Ebitda

417.51M

321.3M

708.47M

421.43M

372.34M

484.91M

499.98M

515.51M

531.52M

548.03M

Ebit

231.08M

156.31M

567.33M

283.81M

229.75M

313.93M

323.68M

333.74M

344.1M

354.79M

Tax Rate

11.46

11.46

11.46

11.46

11.46

11.46

11.46

11.46

11.46

11.46

Ebiat

101.47M

174.29M

522.6M

381.45M

203.42M

266.57M

274.85M

283.39M

292.19M

301.27M

Depreciation

186.43M

164.98M

141.14M

137.62M

142.59M

170.98M

176.29M

181.77M

187.42M

193.24M

Receivables

708.71M

527.34M

569.01M

759.86M

757.34M

722.01M

744.43M

767.56M

791.4M

815.98M

Inventories

892.26M

895.97M

811.41M

1.19B

958.5M

1.04B

1.07B

1.1B

1.14B

1.17B

Payable

618.19M

575.95M

613.31M

649.12M

483.73M

645.26M

665.3M

685.97M

707.28M

729.25M

Cap Ex

-145.8M

-92.29M

-69.76M

-187.8M

-150.33M

-139.63M

-143.97M

-148.44M

-153.05M

-157.81M

Ufcf

-840.69M

382.4M

674.23M

-202.6M

264.57M

416.08M

272.57M

281.04M

289.77M

298.77M

Wacc

8.69

8.69

8.69

8.69

8.69

Pv Ufcf

382.81M

230.73M

218.87M

207.63M

196.96M

Sum Pv Ufcf

1.24B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

8.69

Free Cash Flow T1

307.73M

Terminal Value

5.41B

Present Terminal Value

3.57B

Intrinsic Value

Enterprise Value

4.8B

Net Debt

584.1M

Equity Value

4.22B

Diluted Shares Outstanding

451.01M

Equity Value Per Share

9.35

Projected DCF

9.35 0.336%

DCF Levered

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