TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MODG - US1311931042 - Common Stock
13.77 USD
+0.19 (+1.4%)
13.77 USD
0 (0%)
Overall MODG gets a fundamental rating of 3 out of 10. We evaluated MODG against 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. MODG is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MODG has reported negative net income.
MODG had a positive operating cash flow in the past year.
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.
1.2 Ratios
The Return On Assets of MODG (-19.88%) is worse than 74.19% of its industry peers.
With a Return On Equity value of -60.79%, MODG is not doing good in the industry: 67.74% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 2.61%, MODG is in line with its industry, 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 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
With a decent Operating Margin value of 5.38%, MODG is doing good in the industry, outperforming 67.74% of the companies in the same industry.
MODG's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 63.31%, MODG belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
In the last couple of years the Gross Margin of MODG has grown nicely.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MODG is destroying value.
Compared to 1 year ago, MODG has less shares outstanding
MODG has more shares outstanding than it did 5 years ago.
MODG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.97, we must say that MODG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.97, MODG is doing worse than 61.29% of the companies in the same industry.
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.
MODG has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
MODG's Debt to Equity ratio of 1.13 is on the low side compared to the rest of the industry. MODG is outperformed by 64.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 91.74 | ||
| Altman-Z | 0.97 |
ROIC/WACC0.27
WACC9.81%
2.3 Liquidity
MODG has a Current Ratio of 1.87. This is a normal value and indicates that MODG is financially healthy and should not expect problems in meeting its short term obligations.
MODG's Current ratio of 1.87 is in line compared 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 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.
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.
MODG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.04% yearly.
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.
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.
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
MODG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MODG indicates a rather cheap valuation: MODG is cheaper than 87.10% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as MODG.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 75.58 | ||
| EV/EBITDA | 9.51 |
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% |
13.77
+0.19 (+1.4%)
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 Cap2.53B
Revenue(TTM)4.06B
Net Income(TTM)-1.50B
Analysts72.38
Price Target12.27 (-10.89%)
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)10.32%
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 | 0.62 | ||
| P/FCF | 75.58 | ||
| P/OCF | 8.08 | ||
| P/B | 1.02 | ||
| P/tB | 3.65 | ||
| EV/EBITDA | 9.51 |
EPS(TTM)-0.03
EYN/A
EPS(NY)-0.25
Fwd EYN/A
FCF(TTM)0.18
FCFY1.32%
OCF(TTM)1.7
OCFY12.38%
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 | 0.97 |
F-Score5
WACC9.81%
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.