TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MODG - US1311931042 - Common Stock
14.17 USD
+0.4 (+2.9%)
14.2 USD
+0.03 (+0.21%)
We assign a fundamental rating of 3 out of 10 to MODG. MODG was compared to 31 industry peers in the Leisure Products industry. MODG has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, MODG is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year MODG has reported negative net income.
In the past year MODG had a positive cash flow from operations.
In multiple years MODG reported negative net income over the last 5 years.
MODG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MODG's Return On Assets of -19.88% is on the low side compared to the rest of the industry. MODG is outperformed by 74.19% of its industry peers.
The Return On Equity of MODG (-60.79%) is worse than 67.74% of its industry peers.
MODG has a Return On Invested Capital (2.61%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for MODG is below the industry average of 7.35%.
The last Return On Invested Capital (2.61%) for MODG is above the 3 year average (2.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.88% | ||
| ROE | -60.79% | ||
| ROIC | 2.61% |
ROA(3y)-5.36%
ROA(5y)-3.67%
ROE(3y)-17.83%
ROE(5y)-12.71%
ROIC(3y)2.56%
ROIC(5y)2.72%
1.3 Margins
The Operating Margin of MODG (5.38%) is better than 67.74% of its industry peers.
MODG's Operating Margin has declined in the last couple of years.
The Gross Margin of MODG (63.31%) is better than 90.32% of its industry peers.
MODG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.38% | ||
| PM (TTM) | N/A | ||
| GM | 63.31% |
OM growth 3Y-11.5%
OM growth 5Y-9.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.69%
GM growth 5Y6.77%
2. Health
2.1 Basic Checks
MODG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MODG has less shares outstanding
Compared to 5 years ago, MODG has more shares outstanding
The debt/assets ratio for MODG is higher compared to a year ago.
2.2 Solvency
MODG has an Altman-Z score of 0.98. This is a bad value and indicates that MODG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.98, MODG is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
MODG has a debt to FCF ratio of 91.74. This is a negative value and a sign of low solvency as MODG would need 91.74 years to pay back of all of its debts.
MODG has a Debt to FCF ratio (91.74) which is comparable to the rest of the industry.
MODG has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.13, MODG is doing worse than 64.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 91.74 | ||
| Altman-Z | 0.98 |
ROIC/WACC0.27
WACC9.62%
2.3 Liquidity
A Current Ratio of 1.87 indicates that MODG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.87, MODG is in line with its industry, outperforming 45.16% of the companies in the same industry.
MODG has a Quick Ratio of 1.30. This is a normal value and indicates that MODG is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MODG (1.30) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
The earnings per share for MODG have decreased strongly by -113.04% in the last year.
MODG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.08% yearly.
MODG shows a decrease in Revenue. In the last year, the revenue decreased by -3.58%.
The Revenue has been growing by 20.04% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-113.04%
EPS 3Y-40.09%
EPS 5Y-27.08%
EPS Q2Q%-350%
Revenue 1Y (TTM)-3.58%
Revenue growth 3Y10.6%
Revenue growth 5Y20.04%
Sales Q2Q%-7.79%
3.2 Future
MODG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.48% yearly.
Based on estimates for the next years, MODG will show a quite strong growth in Revenue. The Revenue will grow by 9.72% on average per year.
EPS Next Y-192.82%
EPS Next 2Y-79.98%
EPS Next 3Y-30.94%
EPS Next 5Y-6.48%
Revenue Next Year-6.65%
Revenue Next 2Y-3.06%
Revenue Next 3Y-0.61%
Revenue Next 5Y9.72%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for MODG. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for MODG. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
83.87% of the companies in the same industry are more expensive than MODG, based on the Enterprise Value to EBITDA ratio.
MODG's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 77.78 | ||
| EV/EBITDA | 9.58 |
4.3 Compensation for Growth
A cheap valuation may be justified as MODG's earnings are expected to decrease with -30.94% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-79.98%
EPS Next 3Y-30.94%
5. Dividend
5.1 Amount
No dividends for MODG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
14.17
+0.4 (+2.9%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners65.74%
Inst Owner ChangeN/A
Ins Owners1.93%
Ins Owner Change-2.19%
Market Cap2.61B
Revenue(TTM)4.06B
Net Income(TTM)-1.50B
Analysts73
Price Target12.27 (-13.41%)
Short Float %4.44%
Short Ratio1.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)771.95%
Min EPS beat(2)75.27%
Max EPS beat(2)1468.63%
EPS beat(4)4
Avg EPS beat(4)461.56%
Min EPS beat(4)22.6%
Max EPS beat(4)1468.63%
EPS beat(8)8
Avg EPS beat(8)320.35%
EPS beat(12)11
Avg EPS beat(12)215.49%
EPS beat(16)15
Avg EPS beat(16)168.95%
Revenue beat(2)1
Avg Revenue beat(2)0.36%
Min Revenue beat(2)-0.4%
Max Revenue beat(2)1.12%
Revenue beat(4)3
Avg Revenue beat(4)0.89%
Min Revenue beat(4)-0.4%
Max Revenue beat(4)2.46%
Revenue beat(8)5
Avg Revenue beat(8)-0.2%
Revenue beat(12)6
Avg Revenue beat(12)-0.66%
Revenue beat(16)7
Avg Revenue beat(16)-0.43%
PT rev (1m)0%
PT rev (3m)19.82%
EPS NQ rev (1m)1.12%
EPS NQ rev (3m)10.93%
EPS NY rev (1m)4.21%
EPS NY rev (3m)52.11%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.64 | ||
| P/FCF | 77.78 | ||
| P/OCF | 8.31 | ||
| P/B | 1.05 | ||
| P/tB | 3.75 | ||
| EV/EBITDA | 9.58 |
EPS(TTM)-0.03
EYN/A
EPS(NY)-0.25
Fwd EYN/A
FCF(TTM)0.18
FCFY1.29%
OCF(TTM)1.7
OCFY12.03%
SpS22.09
BVpS13.46
TBVpS3.78
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.88% | ||
| ROE | -60.79% | ||
| ROCE | 3.32% | ||
| ROIC | 2.61% | ||
| ROICexc | 3% | ||
| ROICexgc | 4.34% | ||
| OM | 5.38% | ||
| PM (TTM) | N/A | ||
| GM | 63.31% | ||
| FCFM | 0.82% |
ROA(3y)-5.36%
ROA(5y)-3.67%
ROE(3y)-17.83%
ROE(5y)-12.71%
ROIC(3y)2.56%
ROIC(5y)2.72%
ROICexc(3y)2.68%
ROICexc(5y)3.02%
ROICexgc(3y)4.6%
ROICexgc(5y)5.47%
ROCE(3y)3.28%
ROCE(5y)3.49%
ROICexgc growth 3Y-13.36%
ROICexgc growth 5Y-23.11%
ROICexc growth 3Y-1.37%
ROICexc growth 5Y-18.91%
OM growth 3Y-11.5%
OM growth 5Y-9.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.69%
GM growth 5Y6.77%
F-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 91.74 | ||
| Debt/EBITDA | 5.71 | ||
| Cap/Depr | 103.09% | ||
| Cap/Sales | 6.89% | ||
| Interest Coverage | 1.12 | ||
| Cash Conversion | 63.99% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 0.98 |
F-Score5
WACC9.62%
ROIC/WACC0.27
Cap/Depr(3y)196.81%
Cap/Depr(5y)179.36%
Cap/Sales(3y)10.57%
Cap/Sales(5y)8.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-113.04%
EPS 3Y-40.09%
EPS 5Y-27.08%
EPS Q2Q%-350%
EPS Next Y-192.82%
EPS Next 2Y-79.98%
EPS Next 3Y-30.94%
EPS Next 5Y-6.48%
Revenue 1Y (TTM)-3.58%
Revenue growth 3Y10.6%
Revenue growth 5Y20.04%
Sales Q2Q%-7.79%
Revenue Next Year-6.65%
Revenue Next 2Y-3.06%
Revenue Next 3Y-0.61%
Revenue Next 5Y9.72%
EBIT growth 1Y23.12%
EBIT growth 3Y-2.12%
EBIT growth 5Y8.72%
EBIT Next Year119.41%
EBIT Next 3Y33.37%
EBIT Next 5Y40.58%
FCF growth 1Y108.11%
FCF growth 3YN/A
FCF growth 5Y21.19%
OCF growth 1Y98.35%
OCF growth 3Y11.13%
OCF growth 5Y34.56%
TOPGOLF CALLAWAY BRANDS CORP / MODG FAQ
What is the fundamental rating for MODG stock?
ChartMill assigns a fundamental rating of 3 / 10 to MODG.
Can you provide the valuation status for TOPGOLF CALLAWAY BRANDS CORP?
ChartMill assigns a valuation rating of 1 / 10 to TOPGOLF CALLAWAY BRANDS CORP (MODG). This can be considered as Overvalued.
Can you provide the profitability details for TOPGOLF CALLAWAY BRANDS CORP?
TOPGOLF CALLAWAY BRANDS CORP (MODG) has a profitability rating of 4 / 10.
What is the expected EPS growth for TOPGOLF CALLAWAY BRANDS CORP (MODG) stock?
The Earnings per Share (EPS) of TOPGOLF CALLAWAY BRANDS CORP (MODG) is expected to decline by -192.82% in the next year.