ACUSHNET HOLDINGS CORP (GOLF) Stock Fundamental Analysis
NYSE:GOLF - New York Stock Exchange, Inc. - US0050981085 - Common Stock - Currency: USD
Overall GOLF gets a fundamental rating of 5 out of 10. We evaluated GOLF against 30 industry peers in the Leisure Products industry. While GOLF belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. GOLF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GOLF was profitable.
In the past year GOLF had a positive cash flow from operations.
In the past 5 years GOLF has always been profitable.
GOLF had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
GOLF's Return On Assets of 9.83% is amongst the best of the industry. GOLF outperforms 96.67% of its industry peers.
GOLF has a Return On Equity of 28.00%. This is amongst the best in the industry. GOLF outperforms 96.67% of its industry peers.
The Return On Invested Capital of GOLF (14.44%) is better than 96.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.83% | ||
| ROE | 28% | ||
| ROIC | 14.44% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 8.72%, GOLF belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
GOLF's Profit Margin has improved in the last couple of years.
GOLF's Operating Margin of 12.38% is amongst the best of the industry. GOLF outperforms 90.00% of its industry peers.
GOLF's Operating Margin has improved in the last couple of years.
GOLF's Gross Margin of 48.34% is fine compared to the rest of the industry. GOLF outperforms 80.00% of its industry peers.
In the last couple of years the Gross Margin of GOLF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.38% | ||
| PM (TTM) | 8.72% | ||
| GM | 48.34% |
OM growth 3Y1.65%
OM growth 5Y2.86%
PM growth 3Y1.55%
PM growth 5Y3.9%
GM growth 3Y-2.45%
GM growth 5Y-1.4%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GOLF is still creating some value.
GOLF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 3.49 indicates that GOLF is not in any danger for bankruptcy at the moment.
GOLF has a better Altman-Z score (3.49) than 76.67% of its industry peers.
The Debt to FCF ratio of GOLF is 4.48, which is a neutral value as it means it would take GOLF, 4.48 years of fcf income to pay off all of its debts.
GOLF has a Debt to FCF ratio of 4.48. This is comparable to the rest of the industry: GOLF outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 1.00 indicates that GOLF is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.00, GOLF is doing worse than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 4.48 | ||
| Altman-Z | 3.49 |
ROIC/WACC1.54
WACC9.35%
2.3 Liquidity
A Current Ratio of 2.06 indicates that GOLF has no problem at all paying its short term obligations.
The Current ratio of GOLF (2.06) is comparable to the rest of the industry.
A Quick Ratio of 0.84 indicates that GOLF may have some problems paying its short term obligations.
GOLF has a worse Quick ratio (0.84) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.06 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
GOLF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.22%, which is quite good.
The Earnings Per Share has been growing by 15.79% on average over the past years. This is quite good.
The Revenue has been growing slightly by 3.15% in the past year.
The Revenue has been growing slightly by 7.88% on average over the past years.
EPS 1Y (TTM)15.22%
EPS 3Y12%
EPS 5Y15.79%
EPS Q2Q%95.12%
Revenue 1Y (TTM)3.15%
Revenue growth 3Y4.58%
Revenue growth 5Y7.88%
Sales Q2Q%7.8%
3.2 Future
The Earnings Per Share is expected to grow by 6.20% on average over the next years.
GOLF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.62% yearly.
EPS Next Y7.69%
EPS Next 2Y7.54%
EPS Next 3Y6.2%
EPS Next 5YN/A
Revenue Next Year1.91%
Revenue Next 2Y2.26%
Revenue Next 3Y2.62%
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
With a Price/Earnings ratio of 17.89, GOLF is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of GOLF is on the same level as its industry peers.
When comparing the Price/Earnings ratio of GOLF to the average of the S&P500 Index (27.63), we can say GOLF is valued slightly cheaper.
A Price/Forward Earnings ratio of 16.61 indicates a correct valuation of GOLF.
Based on the Price/Forward Earnings ratio, GOLF is valued a bit cheaper than 63.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.85. GOLF is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.89 | ||
| Fwd PE | 16.61 |
4.2 Price Multiples
GOLF's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GOLF is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.94 | ||
| EV/EBITDA | 11.86 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
GOLF has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.33
PEG (5Y)1.13
EPS Next 2Y7.54%
EPS Next 3Y6.2%
5. Dividend
5.1 Amount
GOLF has a Yearly Dividend Yield of 1.57%.
GOLF's Dividend Yield is comparable with the industry average which is at 4.89.
Compared to the average S&P500 Dividend Yield of 2.51, GOLF is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.57% |
5.2 History
The dividend of GOLF is nicely growing with an annual growth rate of 10.45%!
GOLF has been paying a dividend for over 5 years, so it has already some track record.
GOLF has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)10.45%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
GOLF pays out 25.33% of its income as dividend. This is a sustainable payout ratio.
The dividend of GOLF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP25.33%
EPS Next 2Y7.54%
EPS Next 3Y6.2%
59.58
-0.14 (-0.23%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners57.21%
Inst Owner Change0.23%
Ins Owners2.76%
Ins Owner Change5.08%
Market Cap3.57B
Analysts72.86
Price Target73.73 (23.75%)
Short Float %20.07%
Short Ratio9.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.57% |
Yearly Dividend0.86
Dividend Growth(5Y)10.45%
DP25.33%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)52.37%
Min EPS beat(2)10.65%
Max EPS beat(2)94.09%
EPS beat(4)3
Avg EPS beat(4)25.68%
Min EPS beat(4)-8.99%
Max EPS beat(4)94.09%
EPS beat(8)6
Avg EPS beat(8)22.89%
EPS beat(12)10
Avg EPS beat(12)29.78%
EPS beat(16)13
Avg EPS beat(16)42.61%
Revenue beat(2)0
Avg Revenue beat(2)-2.99%
Min Revenue beat(2)-4.04%
Max Revenue beat(2)-1.94%
Revenue beat(4)1
Avg Revenue beat(4)-2.72%
Min Revenue beat(4)-5.55%
Max Revenue beat(4)0.67%
Revenue beat(8)4
Avg Revenue beat(8)-0.88%
Revenue beat(12)8
Avg Revenue beat(12)1.44%
Revenue beat(16)12
Avg Revenue beat(16)4.88%
PT rev (1m)0.6%
PT rev (3m)-1.17%
EPS NQ rev (1m)-0.45%
EPS NQ rev (3m)-12.98%
EPS NY rev (1m)1.22%
EPS NY rev (3m)-1.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.89 | ||
| Fwd PE | 16.61 | ||
| P/S | 1.45 | ||
| P/FCF | 20.94 | ||
| P/OCF | 14.57 | ||
| P/B | 4.67 | ||
| P/tB | 162.45 | ||
| EV/EBITDA | 11.86 |
EPS(TTM)3.33
EY5.59%
EPS(NY)3.59
Fwd EY6.02%
FCF(TTM)2.84
FCFY4.77%
OCF(TTM)4.09
OCFY6.86%
SpS41
BVpS12.77
TBVpS0.37
PEG (NY)2.33
PEG (5Y)1.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.83% | ||
| ROE | 28% | ||
| ROCE | 17.82% | ||
| ROIC | 14.44% | ||
| ROICexc | 14.89% | ||
| ROICexgc | 26.88% | ||
| OM | 12.38% | ||
| PM (TTM) | 8.72% | ||
| GM | 48.34% | ||
| FCFM | 6.94% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y1.65%
OM growth 5Y2.86%
PM growth 3Y1.55%
PM growth 5Y3.9%
GM growth 3Y-2.45%
GM growth 5Y-1.4%
F-Score6
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 4.48 | ||
| Debt/EBITDA | 2.12 | ||
| Cap/Depr | 133.52% | ||
| Cap/Sales | 3.04% | ||
| Interest Coverage | 5.69 | ||
| Cash Conversion | 68.06% | ||
| Profit Quality | 79.55% | ||
| Current Ratio | 2.06 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 3.49 |
F-Score6
WACC9.35%
ROIC/WACC1.54
Cap/Depr(3y)210.84%
Cap/Depr(5y)156.63%
Cap/Sales(3y)4.28%
Cap/Sales(5y)3.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.22%
EPS 3Y12%
EPS 5Y15.79%
EPS Q2Q%95.12%
EPS Next Y7.69%
EPS Next 2Y7.54%
EPS Next 3Y6.2%
EPS Next 5YN/A
Revenue 1Y (TTM)3.15%
Revenue growth 3Y4.58%
Revenue growth 5Y7.88%
Sales Q2Q%7.8%
Revenue Next Year1.91%
Revenue Next 2Y2.26%
Revenue Next 3Y2.62%
Revenue Next 5YN/A
EBIT growth 1Y6.64%
EBIT growth 3Y6.31%
EBIT growth 5Y10.97%
EBIT Next Year37.59%
EBIT Next 3Y10.01%
EBIT Next 5YN/A
FCF growth 1Y-37.14%
FCF growth 3Y-14.89%
FCF growth 5Y10.97%
OCF growth 1Y-34.08%
OCF growth 3Y-7.93%
OCF growth 5Y12.79%