TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MODG • US1311931042

14.68 USD
+0.08 (+0.55%)
At close: Jan 15, 2026
14.68 USD
0 (0%)
After Hours: 1/15/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall MODG gets a fundamental rating of 3 out of 10. We evaluated MODG against 31 industry peers in the Leisure Products industry. There are concerns on the financial health of MODG while its profitability can be described as average. MODG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • MODG had negative earnings in the past year.
  • In the past year MODG had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: MODG reported negative net income in multiple years.
  • MODG had a positive operating cash flow in 4 of the past 5 years.
MODG Yearly Net Income VS EBIT VS OCF VS FCFMODG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B

1.2 Ratios

  • With a Return On Assets value of -19.88%, MODG is not doing good in the industry: 74.19% of the companies in the same industry are doing better.
  • MODG has a Return On Equity of -60.79%. This is in the lower half of the industry: MODG underperforms 67.74% of its industry peers.
  • With a Return On Invested Capital value of 2.61%, MODG perfoms like the industry average, outperforming 48.39% of the companies in the same industry.
  • MODG had an Average Return On Invested Capital over the past 3 years of 2.56%. This is significantly below the industry average of 7.65%.
  • The 3 year average ROIC (2.56%) for MODG is below the current ROIC(2.61%), indicating increased profibility in the last year.
Industry RankSector 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%
MODG Yearly ROA, ROE, ROICMODG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60

1.3 Margins

  • Looking at the Operating Margin, with a value of 5.38%, MODG is in the better half of the industry, outperforming 67.74% of the companies in the same industry.
  • MODG's Operating Margin has declined in the last couple of years.
  • MODG has a Gross Margin of 63.31%. This is amongst the best in the industry. MODG outperforms 90.32% of its industry peers.
  • In the last couple of years the Gross Margin of MODG has grown nicely.
Industry RankSector 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%
MODG Yearly Profit, Operating, Gross MarginsMODG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MODG is destroying value.
  • MODG has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MODG has more shares outstanding
  • MODG has a worse debt/assets ratio than last year.
MODG Yearly Shares OutstandingMODG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
MODG Yearly Total Debt VS Total AssetsMODG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.00, we must say that MODG is in the distress zone and has some risk of bankruptcy.
  • MODG has a Altman-Z score of 1.00. This is in the lower half of the industry: MODG underperforms 61.29% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 91.74, MODG is in line with its industry, outperforming 45.16% of the companies in the same industry.
  • A Debt/Equity ratio of 1.13 is on the high side and indicates that MODG has dependencies on debt financing.
  • The Debt to Equity ratio of MODG (1.13) is worse than 64.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 91.74
Altman-Z 1
ROIC/WACC0.28
WACC9.2%
MODG Yearly LT Debt VS Equity VS FCFMODG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.87 indicates that MODG should not have too much problems paying its short term obligations.
  • MODG has a Current ratio of 1.87. This is comparable to the rest of the industry: MODG outperforms 45.16% of its industry peers.
  • A Quick Ratio of 1.30 indicates that MODG should not have too much problems paying its short term obligations.
  • MODG's Quick ratio of 1.30 is in line compared to the rest of the industry. MODG outperforms 48.39% of its industry peers.
Industry RankSector Rank
Current Ratio 1.87
Quick Ratio 1.3
MODG Yearly Current Assets VS Current LiabilitesMODG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for MODG have decreased strongly by -113.04% in the last year.
  • Measured over the past years, MODG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -27.08% on average per year.
  • Looking at the last year, MODG shows a decrease in Revenue. The Revenue has decreased by -3.58% in the last year.
  • Measured over the past years, MODG shows a very strong growth in Revenue. The Revenue has been growing by 20.04% on average per year.
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

  • Based on estimates for the next years, MODG will show a decrease in Earnings Per Share. The EPS will decrease by -6.48% on average per year.
  • MODG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.72% yearly.
EPS Next Y-192.82%
EPS Next 2Y-84.46%
EPS Next 3Y-58.51%
EPS Next 5Y-6.48%
Revenue Next Year-6.65%
Revenue Next 2Y-3.11%
Revenue Next 3Y-0.61%
Revenue Next 5Y9.72%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MODG Yearly Revenue VS EstimatesMODG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
MODG Yearly EPS VS EstimatesMODG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1

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1

4. Valuation

4.1 Price/Earnings Ratio

  • MODG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year MODG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MODG Price Earnings VS Forward Price EarningsMODG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200 -300 -400

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MODG is valued cheaper than 87.10% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MODG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 80.58
EV/EBITDA 9.92
MODG Per share dataMODG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • A cheap valuation may be justified as MODG's earnings are expected to decrease with -58.51% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-84.46%
EPS Next 3Y-58.51%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for MODG!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

TOPGOLF CALLAWAY BRANDS CORP

NYSE:MODG (1/15/2026, 8:04:00 PM)

After market: 14.68 0 (0%)

14.68

+0.08 (+0.55%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)11-06
Earnings (Next)02-24
Inst Owners65.74%
Inst Owner ChangeN/A
Ins Owners1.93%
Ins Owner Change-3.57%
Market Cap2.70B
Revenue(TTM)4.06B
Net Income(TTM)-1.50B
Analysts73
Price Target12.53 (-14.65%)
Short Float %4.44%
Short Ratio1.8
Dividend
Industry RankSector 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)2.08%
PT rev (3m)22.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.93%
EPS NY rev (1m)0%
EPS NY rev (3m)52.11%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)1.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.37%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.66
P/FCF 80.58
P/OCF 8.61
P/B 1.09
P/tB 3.89
EV/EBITDA 9.92
EPS(TTM)-0.03
EYN/A
EPS(NY)-0.28
Fwd EYN/A
FCF(TTM)0.18
FCFY1.24%
OCF(TTM)1.7
OCFY11.61%
SpS22.09
BVpS13.46
TBVpS3.78
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector 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 RankSector 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 1
F-Score5
WACC9.2%
ROIC/WACC0.28
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-84.46%
EPS Next 3Y-58.51%
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-3.11%
Revenue Next 3Y-0.61%
Revenue Next 5Y9.72%
EBIT growth 1Y23.12%
EBIT growth 3Y-2.12%
EBIT growth 5Y8.72%
EBIT Next Year99.4%
EBIT Next 3Y23.1%
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.