Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally.
Excellent balance sheet with acceptable track record.
Share Price & News
How has Acushnet Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 163's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 163 exceeded the German Leisure industry which returned 3.1% over the past year.
Return vs Market: 163 exceeded the German Market which returned -0.7% over the past year.
Price Volatility Vs. Market
How volatile is Acushnet Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Acushnet Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 163 (€30.8) is trading above our estimate of fair value (€20.55)
Significantly Below Fair Value: 163 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 163 is poor value based on its PE Ratio (27.4x) compared to the Leisure industry average (14x).
PE vs Market: 163 is poor value based on its PE Ratio (27.4x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: 163 is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: 163 is overvalued based on its PB Ratio (2.9x) compared to the XE Leisure industry average (2x).
How is Acushnet Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 163's forecast earnings growth (34.1% per year) is above the savings rate (0.2%).
Earnings vs Market: 163's earnings (34.1% per year) are forecast to grow faster than the German market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 163's revenue (5.7% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: 163's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 163's Return on Equity is forecast to be low in 3 years time (12%).
How has Acushnet Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 163 has high quality earnings.
Growing Profit Margin: 163's current net profit margins (5.7%) are lower than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: 163 has become profitable over the past 5 years, growing earnings by 44.4% per year.
Accelerating Growth: 163's earnings growth over the past year (1.8%) is below its 5-year average (44.4% per year).
Earnings vs Industry: 163 earnings growth over the past year (1.8%) exceeded the Leisure industry -1.6%.
Return on Equity
High ROE: 163's Return on Equity (10.6%) is considered low.
How is Acushnet Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 163's short term assets ($829.5M) exceed its short term liabilities ($466.4M).
Long Term Liabilities: 163's short term assets ($829.5M) exceed its long term liabilities ($502.2M).
Debt to Equity History and Analysis
Debt Level: 163's debt to equity ratio (51.9%) is considered high.
Reducing Debt: 163's debt to equity ratio has reduced from 276.5% to 51.9% over the past 5 years.
Debt Coverage: 163's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 163's interest payments on its debt are well covered by EBIT (8.7x coverage).
What is Acushnet Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 163's dividend (1.79%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: 163's dividend (1.79%) is low compared to the top 25% of dividend payers in the German market (3.82%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 163 has been paying a dividend for less than 10 years.
Growing Dividend: 163's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.4%), 163's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 163's dividends in 3 years are forecast to be well covered by earnings (46.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Maher (52yo)
Mr. David E. Maher has been the Chief Executive Officer and President of Acushnet Holdings Corp. since January 1, 2018 and its Director since March 29, 2018. Mr. Maher served as Chief Operating Officer of ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD5.91M) is above average for companies of similar size in the German market ($USD2.41M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
|Executive VP||1.5yrs||US$1.29m||0.035% $807.2k|
|President of Titleist Golf Clubs||4.33yrs||US$2.35m||0.11% $2.5m|
|President of FootJoy||3.92yrs||US$1.62m||0.092% $2.1m|
|President of Titleist Golf Balls||4.08yrs||US$2.74m||0.15% $3.4m|
|Vice President of Investor Relations||no data||no data||no data|
|Executive VP||2.58yrs||US$891.42k||0.11% $2.5m|
|Senior VP & Chief Human Resources Officer||1.5yrs||no data||0.011% $241.8k|
|President of Titleist Golf Gear||6.5yrs||no data||0.14% $3.3m|
|Managing Director of KJUS European Operations||0.50yr||no data||no data|
Experienced Management: 163's management team is considered experienced (2.6 years average tenure).
|Independent Director||3.75yrs||US$202.48k||0.011% $254.9k|
|Independent Director||9.5yrs||US$204.98k||0.012% $279.7k|
|Independent Director||3.75yrs||US$208.73k||0.0084% $193.2k|
|Independent Director||3.75yrs||US$202.48k||0.019% $424.9k|
|Chairman of the Board||9.5yrs||US$249.98k||0.0061% $140.9k|
Experienced Board: 163's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Acushnet Holdings Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Acushnet Holdings Corp.
- Ticker: 163
- Exchange: DB
- Founded: 1910
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: US$2.584b
- Listing Market Cap: US$2.294b
- Shares outstanding: 74.28m
- Website: https://www.acushnetholdingscorp.com
Number of Employees
- Acushnet Holdings Corp.
- 333 Bridge Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GOLF||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 2016|
|163||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2016|
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment offers golf balls, such as Pro V1, Pro V1x, AVX, Tour Soft, Velocity, and Pinnacle golf balls, as well as provides custom imprinted golf balls with corporate logos, tournament logos, country club or resort logos, and personalization on Titleist and Pinnacle golf balls. The Titleist Golf Clubs segment designs, assembles, and sells golf clubs, such as drivers, fairways, hybrids, and irons under the Titleist brand; wedges under the Vokey Design brand; and putters under Scotty Cameron brand. The Titleist Golf Gear segment designs and develops golf bags, headwear, golf gloves, travel gears, head covers, and other golf accessories, as well as offers customization and personalization of products in Titleist golf gear. The FootJoy Golf Wear segment provides shoes, such as traditional, spikeless, athletic, and casual shoes; gloves that include leather construction, synthetic, leather/synthetic combination, and specialty gloves; and outerwear and apparels, such as performance outerwear, performance golf apparels, and men’s and women’s golf apparels. It sells its products through golf shops and golf specialty retailers, as well as through representatives, other qualified retailers, and online. The company was formerly known as Alexandria Holdings Corp. and changed its name to Acushnet Holdings Corp. in March 2016. Acushnet Holdings Corp. was founded in 1910 and is headquartered in Fairhaven, Massachusetts.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/01 21:49|
|End of Day Share Price||2020/07/01 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.