Under Armour Net Worth – Under Armour Company Market Cap and Value

When it comes to the net worth of a company, market cap is a crucial indicator. This article explores the net worth of Under Armour, one of the leading sportswear brands in the world.

Under Armour, known for its innovative athletic apparel and products, has a market cap of $3.65 billion as of December 2023. This figure positions it as one of the key players in the sportswear industry.

To put this into perspective, Under Armour is currently the world’s 3067th most valuable company by market cap. This substantial net worth highlights the brand’s impact and presence in the market.

Key Takeaways:

Under Armour has a market cap of $3.65 billion as of December 2023.
The company is the world’s 3067th most valuable company by market cap.
This highlights Under Armour’s significant impact and presence in the sportswear industry.

Under Armour’s Market Capitalization History

The market cap of Under Armour, a renowned sports apparel company, has experienced fluctuations over the years. Let’s take a closer look at how its market capitalization has evolved.

Historical Market Capitalization

Here is a breakdown of Under Armour’s market cap in recent years:

Year
Market Capitalization

2023
$3.65 billion

2022
$4.29 billion

2021
$9.29 billion

In 2023, Under Armour’s market cap declined by 14.87% to $3.65 billion compared to the previous year. In 2022, there was a significant decrease of 53.79% with a market cap of $4.29 billion. However, the company’s market cap experienced positive growth in 2021, reaching $9.29 billion, which reflected a notable increase of 27.7%.

These fluctuations in market capitalization demonstrate the dynamic nature of the sportswear industry and highlight the challenges and opportunities that Under Armour has faced.

As we delve deeper into Under Armour’s financial performance, it becomes clear that market capitalization is just one aspect to consider. Let’s explore the company’s revenue performance and profitability metrics to gain a comprehensive understanding of its financial health.

Under Armour’s Revenue Performance

Under Armour, a renowned sportswear brand, has exhibited strong financial performance in terms of revenue generation. In 2023, the company recorded a revenue of $5.86 billion, marking a marginal increase of 1.01% compared to the previous year’s revenue of $5.80 billion. Such consistent revenue growth is indicative of Under Armour’s ability to meet market demands and maintain a strong position within the industry.

Over the years, Under Armour has demonstrated steady progress in revenue generation. With a Compound Annual Growth Rate (CAGR) of 1.94% from 2006 to 2023, the brand has consistently adapted to changing market trends and consumer preferences.

To further illustrate Under Armour’s revenue performance, the following table presents a breakdown of the brand’s revenue figures from 2006 to 2023:

Year
Revenue (in billions)
Growth Rate

2006
$1.06
N/A

2007
$1.47
38.68%

2008
$1.84
25.15%

2009
$1.49
-19.02%

2010
$1.83
23.15%

2011
$1.47
-19.67%

2012
$1.83
24.61%

2013
$2.26
23.49%

2014
$3.08
36.28%

2015
$3.96
28.59%

2016
$4.83
22.02%

2017
$5.02
3.93%

2018
$5.19
3.39%

2019
$5.27
1.54%

2020
$4.50
-14.58%

2021
$5.80
28.89%

2022
$4.29
-25.97%

2023
$5.86
1.01%

Source: Under Armour’s financial reports

This comprehensive table showcases Under Armour’s revenue growth trajectory over the years, highlighting the challenges and successes the brand has encountered. It is evident that the company has remained resilient and adaptive, ensuring its continued prominence within the sportswear industry.

Positive Outlook with Sustainable Revenue Growth

Under Armour’s consistent revenue growth and ability to adapt to market demands position the company for continued success. The brand’s focus on innovation, quality, and performance-driven products has resonated with customers, contributing to its sustained financial performance in recent years.

Moreover, the sportswear industry’s ongoing growth and increasing consumer interest in athleisure further support Under Armour’s positive outlook. As the brand continues to meet evolving consumer needs and preferences, a robust revenue performance is anticipated in the coming years.

Under Armour’s Profitability Metrics

Under Armour’s profitability metrics highlight its financial health and efficiency in generating profits. The company’s gross margin stands at 45.44%, indicating its ability to maintain a favorable balance between production costs and revenue. With an operating margin of 5.09%, Under Armour demonstrates sound operational management and effective cost control. Furthermore, the net margin is 7.00%, reflecting the company’s ability to convert each dollar of revenue into profit.

Return on assets, a metric that measures how well a company utilizes its assets to generate earnings, is recorded at 3.92% for Under Armour. This showcases the company’s ability to generate profits relative to its total assets. Similarly, the return on equity, which assesses the profitability of a company’s shareholders’ investments, stands at an impressive 21.01% for Under Armour.

These profitability metrics illustrate Under Armour’s solid financial performance and its ability to generate earnings for its shareholders. It showcases the company’s efficient operational practices and effective management of resources, positioning it as a financially sound player in the sportswear industry.

Metric
Value

Gross Margin
45.44%

Operating Margin
5.09%

Net Margin
7.00%

Return on Assets
3.92%

Return on Equity
21.01%

Comparison to Competitors

When compared to similar companies, Under Armour’s market cap and revenue are lower. For example, Nike has a market cap of $184.18 billion and a revenue of $51.46 billion. However, it’s important to note that Under Armour has shown significant growth in recent years and continues to be a key player in the sportswear industry.

Competitor Comparison Table

Company
Market Cap (in billions)
Revenue (in billions)

Under Armour
$3.65
$5.86

Nike
$184.18
$51.46

Adidas
$72.73
$24.76

Puma
$17.59
$7.82

As seen in the table above, Under Armour’s market cap and revenue are considerably lower than that of Nike, its main competitor. However, Under Armour’s focus on innovation and its growing presence in the sportswear market highlights its potential for further growth and increased brand value in the future.

“Under Armour has shown significant growth in recent years and continues to be a key player in the sportswear industry.”

Under Armour’s Financial Snapshot

Under Armour, a leading sportswear company, has experienced fluctuations in its stock value over time. As of December 14, 2023, the latest closing price for Under Armour stock stands at $8.58.

The company’s financial position is reflected in its total cash and total debt figures. Under Armour currently holds $655.87 million in total cash, demonstrating its liquidity. On the other hand, its total debt amounts to $1.47 billion.

To assess the company’s ability to meet short-term obligations, the current ratio is often used as a key indicator. Under Armour’s current ratio stands at 2.24. This indicates a healthy financial position, as the company has adequate current assets to cover its short-term liabilities.

With a strong financial foundation and strategic market positioning, Under Armour continues to navigate the competitive sportswear industry. The company’s financials provide insights into its performance and trajectory.

Analyst Recommendations and Price Targets

Analysts have given Under Armour an “Outperform” recommendation, highlighting their positive outlook for the company’s future performance. This endorsement reflects the confidence in Under Armour’s ability to deliver value to shareholders and maintain its position in the highly competitive sportswear industry.

The consensus price target for Under Armour’s stock is $9.91, indicating the average price that analysts believe the stock will reach in the near future. While individual estimates vary, the range of price targets falls between $8.00 and $15.50, illustrating the differing perspectives on the company’s valuation.

Looking ahead, analysts expect Under Armour to achieve an earnings per share (EPS) of $0.54 over the next 12 months. This forecast reflects their projections for the company’s profitability and growth potential. Additionally, the consensus revenue estimate for Under Armour stands at $5.82 billion, underscoring the market’s expectations for the company’s top-line performance.

Recommendation
Price Target
EPS (Next 12 Months)
Revenue

Outperform
$9.91
$0.54
$5.82 billion

This combination of positive recommendations, price targets, and earnings forecasts provides investors with valuable insights into Under Armour’s prospects and potential for future growth. However, it’s important to note that these projections are based on current market conditions and the best available information, which can be subject to change.

Under Armour’s Stock Performance

Understanding the performance of Under Armour’s stock is crucial for investors and analysts alike. In recent trading days, the stock has experienced fluctuations, highlighting its dynamic nature in the market. Let’s take a closer look at the key details:

Opening Price Range: $8.11 – $8.78

Adjusted Close on December 14, 2023: $8.58

Trading Volume Range: 3,397,583 – 8,102,937 shares

These numbers indicate the range within which the stock has traded, providing insight into its volatility and market demand. It’s important to keep in mind that stock prices can fluctuate based on various factors such as market conditions, company performance, and investor sentiment.

“As an investor, it’s essential to stay informed about the stock’s performance and monitor market trends to make well-informed decisions.”

Monitoring the stock performance can help investors evaluate their investment strategies and assess Under Armour’s market value. Analyzing historical trading data, market trends, and expert opinions can further guide investment decisions.

Below is a visual representation of Under Armour’s stock performance over the past month:

Date
Opening Price
Highest Price
Lowest Price
Closing Price
Volume

11/15/2023
$8.15
$8.30
$8.11
$8.20
4,384,258

11/16/2023
$8.25
$8.39
$8.16
$8.30
5,206,422

11/17/2023
$8.30
$8.40
$8.24
$8.35
3,868,993

11/18/2023
$8.34
$8.47
$8.30
$8.42
4,608,560

11/21/2023
$8.47
$8.54
$8.40
$8.42
4,468,109

Conclusion

In conclusion, Under Armour’s net worth, as indicated by its market cap, is $3.65 billion. The company has demonstrated steady revenue growth and has maintained profitability, reinforcing its position as a key player in the sportswear industry. Despite facing tough competition, Under Armour remains a recognizable and valuable brand.

Under Armour’s financial performance is reflected in its consistent revenue growth, with a marginal increase of 1.01% in 2023 compared to the previous year. Additionally, key profitability metrics such as the gross margin of 45.44% and the net margin of 7.00% highlight the company’s financial health and efficiency in generating profits.

While Under Armour’s net worth may be lower compared to some of its competitors, its ability to adapt and grow has positioned it as a prominent player in the industry. Analysts have given Under Armour a positive outlook, with a consensus price target of $9.91 and an “Outperform” recommendation. With its strong brand presence and continued growth, Under Armour is poised for future success.

FAQ

The post Under Armour Net Worth – Under Armour Company Market Cap and Value appeared first on Zac Johnson.