Financials Under Armour, Inc. Deutsche Boerse AG

Equities

U9RA

US9043112062

Apparel & Accessories

Market Closed - Deutsche Boerse AG Other stock markets 02:09:22 2025-07-11 am EDT			5-day change	1st Jan Change
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Jul. 03	Trump says he will put 20% tariff on Vietnam's exports	RE
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Projected Income Statement: Under Armour, Inc.

Fiscal Period: March	2021	2023	2024	2025	2026	2027	2028
Net sales ¹	5,683	5,904	5,702	5,164	5,058	5,233	5,439
Change	-	-	-3.42%	-9.43%	-2.06%	3.46%	3.93%
EBITDA ¹	668.5	441.4	452.3	333.9	350.5	378	457.9
Change	-	-	2.47%	-26.18%	4.98%	7.82%	21.16%
EBIT ¹	527.3	303.8	309.8	198.1	212.6	251.4	304.2
Change	-	-	1.96%	-36.04%	7.3%	18.25%	21.04%
Interest Paid ¹	-44.3	-12.83	0.268	-6.115	-7.811	-6.812	-2
Earnings before Tax (EBT) ¹	390.9	287.8	262.1	-204.8	136	225	293.3
Change	-	-	-8.93%	-178.13%	166.41%	65.49%	30.36%
Net income ¹	360.1	386.8	232	-201.3	109.2	183.1	254.6
Change	-	-	-40.01%	-186.74%	154.25%	67.67%	39.06%
Announcement Date	2/11/22	5/9/23	5/16/24	5/13/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,257	1,352	1,546	1,529	1,301	1,349	1,574	1,582	1,399	1,317	1,567	1,486	1,332	1,184	1,399	1,401	1,181	1,132	1,356	1,380	1,192	1,152	1,392	1,417	1,217
Change	-	7.5%	14.35%	-1.06%	-14.93%	3.7%	16.67%	0.5%	-11.56%	-5.85%	18.96%	-5.15%	-10.36%	-11.15%	18.19%	0.14%	-15.74%	-4.11%	19.75%	1.8%	-13.62%	-3.35%	20.77%	1.84%	-14.15%
EBITDA ¹	149.5	159.4	226	133.6	45.68	78.8	163.1	129.3	70.22	57.1	180.8	127.5	89.85	40.84	205.8	90.85	3.41	54.93	192.9	88.56	9.905	-	-	-	-
Change	-	6.59%	41.82%	-40.9%	-65.8%	72.52%	106.96%	-20.72%	-45.69%	-18.69%	216.59%	-29.45%	-29.54%	-54.54%	403.89%	-55.86%	-96.25%	1,510.86%	251.16%	-54.09%	-88.82%	-	-	-	-
EBIT ¹	114	124.2	188.8	100.3	10.72	44.48	129.4	94.66	35.26	20.93	145.8	92.02	53.95	8.015	173.1	59.63	-35.61	21.8	153.2	58.19	-26.1	15.24	152.7	71.48	-4.518
Change	-	8.97%	52%	-46.9%	-89.31%	315.03%	190.92%	-26.85%	-62.75%	-40.64%	596.41%	-36.87%	-41.38%	-85.14%	2,059.45%	-65.55%	-159.71%	161.22%	602.63%	-62.01%	-144.86%	158.38%	901.78%	-53.18%	-106.32%
Charge d'intérêts ¹	-14.14	-13.31	-9.261	-7.595	-6.154	-6.005	-3.555	-1.615	-1.651	-1.626	-0.373	-0.211	2.478	2.344	-1.747	-3.391	-3.321	-2.512	-1.975	-2.144	-1.878	-2.9	-2.2	-2.3	-2.45
Earnings before Tax (EBT) ¹	85.57	69.4	133.3	102.6	-52.16	14.24	110.1	140.4	23.09	12.92	139	118.9	-4.784	-300.1	167.9	7.555	-80.12	9.614	131.1	32.64	-34.96	13.8	149.1	54.6	-17.9
Change	-	-18.89%	92.1%	-23.07%	-150.85%	127.29%	673.22%	27.5%	-83.55%	-44.04%	975.6%	-14.4%	-104.02%	-6,173.29%	155.95%	-95.5%	-1,160.44%	112%	1,263.78%	-75.11%	-207.13%	139.47%	980.43%	-63.38%	-132.78%
Net income ¹	77.75	59.21	113.4	109.7	-59.61	7.682	86.92	121.6	170.5	8.549	109.6	114.1	6.568	-305.4	170.4	1.234	-67.46	4.667	106.5	32.33	-31.09	10.27	125.8	51.92	-8.743
Change	-	-23.85%	91.61%	-3.34%	-154.36%	112.89%	1,031.54%	39.91%	40.23%	-94.99%	1,182.19%	4.13%	-94.25%	-4,750.21%	155.79%	-99.28%	-5,566.53%	106.92%	2,181.48%	-69.64%	-196.17%	133.03%	1,124.86%	-58.72%	-116.84%
Announcement Date	5/4/21	8/3/21	11/2/21	2/11/22	5/6/22	8/3/22	11/3/22	2/8/23	5/9/23	8/8/23	11/8/23	2/8/24	5/16/24	8/8/24	11/7/24	2/6/25	5/13/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Under Armour, Inc.

Fiscal Period: March	2021	2023	2024	2025	2026	2027	2028
Net Debt ¹	-1,007	-37.4	-183	93.8	15.4	-9.89	48.7
Change	-	-	-389.3%	151.26%	-83.58%	-164.22%	592.42%
Announcement Date	2/11/22	5/9/23	5/16/24	5/13/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Under Armour, Inc.

Fiscal Period: March	2021	2023	2024	2025	2026	2027	2028
CAPEX ¹	69.76	187.8	150.3	168.7	185.7	192.8	195
Change	-	-	-19.95%	12.21%	10.09%	3.81%	1.15%
Free Cash Flow (FCF) ¹	595.1	-197.7	203.6	-228	110.4	149.4	159.3
Change	-	-	203%	-211.97%	148.41%	35.34%	6.64%
Announcement Date	2/11/22	5/9/23	5/16/24	5/13/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Under Armour, Inc.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	11.76%	-	7.48%	7.93%	6.47%	6.93%	7.22%	8.42%
EBIT Margin (%)	9.28%	-	5.15%	5.43%	3.84%	4.2%	4.8%	5.59%
EBT Margin (%)	6.88%	-	4.87%	4.6%	-3.96%	2.69%	4.3%	5.39%
Net margin (%)	6.34%	-	6.55%	4.07%	-3.9%	2.16%	3.5%	4.68%
FCF margin (%)	10.47%	-	-3.35%	3.57%	-4.41%	2.18%	2.85%	2.93%
FCF / Net Income (%)	165.27%	-	-51.12%	87.76%	113.28%	101.08%	81.59%	62.56%
Profitability
ROA	7.19%	-	8.31%	5.11%	2.98%	3.26%	4.03%	5.55%
ROE	21.08%	-	20.75%	11.89%	6.68%	6.85%	8.02%	10.1%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	0.28x	0.04x	-	0.11x
Debt / Free cash flow	-	-	-	-	-0.41x	0.14x	-	0.31x
Capital Intensity
CAPEX / Current Assets (%)	1.23%	-	3.18%	2.64%	3.27%	3.67%	3.68%	3.59%
CAPEX / EBITDA (%)	10.44%	-	42.54%	33.23%	50.52%	52.97%	51.01%	42.58%
CAPEX / FCF (%)	11.72%	-	-94.99%	73.82%	-73.98%	168.26%	129.07%	122.43%
Items per share
Cash flow per share ¹	1.419	-	-0.02	0.7848	-0.1372	0.6622	0.7449	0.855
Change	-	-	-	4,024%	-117.48%	582.69%	12.48%	14.78%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	4.488	-	4.33	4.77	4.373	4.537	4.861	5.163
Change	-	-	-	10.16%	-8.32%	3.74%	7.15%	6.21%
EPS ¹	0.77	-	0.84	0.52	-0.47	0.2773	0.427	0.6098
Change	-	-	-	-38.1%	-190.38%	159%	53.96%	42.81%
Nbr of stocks (in thousands)	455,055	-	443,589	435,281	429,858	426,120	426,120	426,120
Announcement Date	2/11/22	-	5/9/23	5/16/24	5/13/25	-	-	-