ACUSHNET HOLDINGS CORP (GOLF) Stock Fundamental Analysis
NYSE:GOLF - New York Stock Exchange, Inc. - US0050981085 - Common Stock
Taking everything into account, GOLF scores 6 out of 10 in our fundamental rating. GOLF was compared to 30 industry peers in the Leisure Products industry. GOLF scores excellent on profitability, but there are some minor concerns on its financial health. GOLF is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GOLF had positive earnings in the past year.
In the past year GOLF had a positive cash flow from operations.
In the past 5 years GOLF has always been profitable.
Of the past 5 years GOLF 4 years had a positive operating cash flow.
1.2 Ratios
GOLF has a Return On Assets of 8.27%. This is amongst the best in the industry. GOLF outperforms 90.00% of its industry peers.
With an excellent Return On Equity value of 21.83%, GOLF belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 12.85%, GOLF belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GOLF is significantly above the industry average of 8.25%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.27% | ||
| ROE | 21.83% | ||
| ROIC | 12.85% |
ROA(3y)9.01%
ROA(5y)7.77%
ROE(3y)20.45%
ROE(5y)16.86%
ROIC(3y)13.64%
ROIC(5y)11.9%
1.3 Margins
GOLF has a Profit Margin of 7.78%. This is amongst the best in the industry. GOLF outperforms 93.33% of its industry peers.
In the last couple of years the Profit Margin of GOLF has grown nicely.
GOLF has a better Operating Margin (11.74%) than 90.00% of its industry peers.
In the last couple of years the Operating Margin of GOLF has grown nicely.
With an excellent Gross Margin value of 53.48%, GOLF belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
GOLF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.74% | ||
| PM (TTM) | 7.78% | ||
| GM | 53.48% |
OM growth 3Y6.41%
OM growth 5Y2.66%
PM growth 3Y11.84%
PM growth 5Y6.38%
GM growth 3Y0.72%
GM growth 5Y0.39%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GOLF is creating some value.
The number of shares outstanding for GOLF has been reduced compared to 1 year ago.
GOLF has less shares outstanding than it did 5 years ago.
The debt/assets ratio for GOLF is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.80 indicates that GOLF is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.80, GOLF is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
The Debt to FCF ratio of GOLF is 2.97, which is a good value as it means it would take GOLF, 2.97 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 2.97, GOLF is doing good in the industry, outperforming 70.00% of the companies in the same industry.
A Debt/Equity ratio of 0.84 indicates that GOLF is somewhat dependend on debt financing.
GOLF has a worse Debt to Equity ratio (0.84) than 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 2.97 | ||
| Altman-Z | 3.8 |
ROIC/WACC1.48
WACC8.68%
2.3 Liquidity
A Current Ratio of 2.10 indicates that GOLF has no problem at all paying its short term obligations.
GOLF has a Current ratio of 2.10. This is comparable to the rest of the industry: GOLF outperforms 53.33% of its industry peers.
GOLF has a Quick Ratio of 1.14. This is a normal value and indicates that GOLF is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.14, GOLF is doing worse than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.1 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
GOLF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.91%.
The Earnings Per Share has been growing by 16.97% on average over the past years. This is quite good.
GOLF shows a small growth in Revenue. In the last year, the Revenue has grown by 0.35%.
The Revenue has been growing slightly by 7.83% on average over the past years.
EPS 1Y (TTM)-10.91%
EPS 3Y28.56%
EPS 5Y16.97%
EPS Q2Q%4.71%
Revenue 1Y (TTM)0.35%
Revenue growth 3Y13.9%
Revenue growth 5Y7.83%
Sales Q2Q%4.57%
3.2 Future
Based on estimates for the next years, GOLF will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.01% on average per year.
Based on estimates for the next years, GOLF will show a small growth in Revenue. The Revenue will grow by 2.97% on average per year.
EPS Next Y7.86%
EPS Next 2Y12.12%
EPS Next 3Y9.01%
EPS Next 5YN/A
Revenue Next Year2.74%
Revenue Next 2Y3.23%
Revenue Next 3Y2.97%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GOLF is valuated quite expensively with a Price/Earnings ratio of 25.08.
GOLF's Price/Earnings ratio is in line with the industry average.
GOLF is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.30 indicates a rather expensive valuation of GOLF.
GOLF's Price/Forward Earnings is on the same level as the industry average.
GOLF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.08 | ||
| Fwd PE | 20.3 |
4.2 Price Multiples
GOLF's Enterprise Value to EBITDA ratio is in line with the industry average.
GOLF's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.24 | ||
| EV/EBITDA | 14.99 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GOLF does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of GOLF may justify a higher PE ratio.
PEG (NY)3.19
PEG (5Y)1.48
EPS Next 2Y12.12%
EPS Next 3Y9.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.17%, GOLF has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.09, GOLF pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.29, GOLF's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
5.2 History
On average, the dividend of GOLF grows each year by 10.45%, which is quite nice.
GOLF has been paying a dividend for over 5 years, so it has already some track record.
As GOLF did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)10.45%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
28.45% of the earnings are spent on dividend by GOLF. This is a low number and sustainable payout ratio.
The dividend of GOLF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.45%
EPS Next 2Y12.12%
EPS Next 3Y9.01%
ACUSHNET HOLDINGS CORP
NYSE:GOLF (1/17/2025, 8:04:31 PM)
After market: 73.73 0 (0%)73.73
+0.07 (+0.1%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners57.48%
Inst Owner Change-0.34%
Ins Owners2.61%
Ins Owner Change-1.11%
Market Cap4.48B
Analysts74.67
Price Target74.61 (1.19%)
Short Float %13.98%
Short Ratio13.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
Yearly Dividend0.86
Dividend Growth(5Y)10.45%
DP28.45%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.83%
Min EPS beat(2)-8.99%
Max EPS beat(2)10.65%
EPS beat(4)2
Avg EPS beat(4)-0.32%
Min EPS beat(4)-9.91%
Max EPS beat(4)10.65%
EPS beat(8)6
Avg EPS beat(8)23.63%
EPS beat(12)9
Avg EPS beat(12)20.01%
EPS beat(16)13
Avg EPS beat(16)44%
Revenue beat(2)0
Avg Revenue beat(2)-3.74%
Min Revenue beat(2)-5.55%
Max Revenue beat(2)-1.94%
Revenue beat(4)1
Avg Revenue beat(4)-3.12%
Min Revenue beat(4)-5.66%
Max Revenue beat(4)0.67%
Revenue beat(8)5
Avg Revenue beat(8)-0.06%
Revenue beat(12)9
Avg Revenue beat(12)2.47%
Revenue beat(16)13
Avg Revenue beat(16)5.98%
PT rev (1m)0%
PT rev (3m)3.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.57%
EPS NY rev (1m)0%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.08 | ||
| Fwd PE | 20.3 | ||
| P/S | 1.85 | ||
| P/FCF | 18.24 | ||
| P/OCF | 13.96 | ||
| P/B | 5.19 | ||
| P/tB | 40.06 | ||
| EV/EBITDA | 14.99 |
EPS(TTM)2.94
EY3.99%
EPS(NY)3.63
Fwd EY4.93%
FCF(TTM)4.04
FCFY5.48%
OCF(TTM)5.28
OCFY7.16%
SpS39.88
BVpS14.21
TBVpS1.84
PEG (NY)3.19
PEG (5Y)1.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.27% | ||
| ROE | 21.83% | ||
| ROCE | 16.13% | ||
| ROIC | 12.85% | ||
| ROICexc | 13.59% | ||
| ROICexgc | 24.51% | ||
| OM | 11.74% | ||
| PM (TTM) | 7.78% | ||
| GM | 53.48% | ||
| FCFM | 10.13% |
ROA(3y)9.01%
ROA(5y)7.77%
ROE(3y)20.45%
ROE(5y)16.86%
ROIC(3y)13.64%
ROIC(5y)11.9%
ROICexc(3y)15.02%
ROICexc(5y)12.96%
ROICexgc(3y)29.55%
ROICexgc(5y)25.45%
ROCE(3y)17.16%
ROCE(5y)14.99%
ROICexcg growth 3Y8.04%
ROICexcg growth 5Y3.54%
ROICexc growth 3Y12.28%
ROICexc growth 5Y5.84%
OM growth 3Y6.41%
OM growth 5Y2.66%
PM growth 3Y11.84%
PM growth 5Y6.38%
GM growth 3Y0.72%
GM growth 5Y0.39%
F-Score6
Asset Turnover1.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 2.97 | ||
| Debt/EBITDA | 2.15 | ||
| Cap/Depr | 137.45% | ||
| Cap/Sales | 3.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.56% | ||
| Profit Quality | 130.29% | ||
| Current Ratio | 2.1 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 3.8 |
F-Score6
WACC8.68%
ROIC/WACC1.48
Cap/Depr(3y)196.76%
Cap/Depr(5y)145.28%
Cap/Sales(3y)3.85%
Cap/Sales(5y)3.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.91%
EPS 3Y28.56%
EPS 5Y16.97%
EPS Q2Q%4.71%
EPS Next Y7.86%
EPS Next 2Y12.12%
EPS Next 3Y9.01%
EPS Next 5YN/A
Revenue 1Y (TTM)0.35%
Revenue growth 3Y13.9%
Revenue growth 5Y7.83%
Sales Q2Q%4.57%
Revenue Next Year2.74%
Revenue Next 2Y3.23%
Revenue Next 3Y2.97%
Revenue Next 5YN/A
EBIT growth 1Y-11.45%
EBIT growth 3Y21.2%
EBIT growth 5Y10.7%
EBIT Next Year38.12%
EBIT Next 3Y14.65%
EBIT Next 5YN/A
FCF growth 1Y419.14%
FCF growth 3Y4.21%
FCF growth 5Y15.69%
OCF growth 1Y1384.62%
OCF growth 3Y12.04%
OCF growth 5Y17.83%