Acushnet Holdings
Market Cap
US$2.8b
Last Updated
2020/11/29 00:08 UTC
Data Sources
Company Financials +
Executive Summary
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. More Details
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
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: GOLF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GOLF's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
GOLF
0.6%
US Leisure
2.8%
US Market
1 Year Return
25.6%
GOLF
56.9%
US Leisure
20.7%
US Market
Return vs Industry: GOLF underperformed the US Leisure industry which returned 56.9% over the past year.
Return vs Market: GOLF exceeded the US Market which returned 20.7% over the past year.
Shareholder returns
| GOLF | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 0.6% | 2.8% |
| 30 Day | 12.7% | 0.9% | 12.3% |
| 90 Day | 6.3% | 22.8% | 6.4% |
| 1 Year | 27.5%25.6% | 59.6%56.9% | 23.4%20.7% |
| 3 Year | 101.8%90.4% | 13.2%7.0% | 47.2%37.4% |
| 5 Year | n/a | 19.8%8.6% | 94.1%72.7% |
Long-Term 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
3 weeks ago | Simply Wall St
Does Acushnet Holdings's (NYSE:GOLF) Statutory Profit Adequately Reflect Its Underlying Profit?3 months ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Acushnet Holdings Corp. (NYSE:GOLF)3 months ago | Simply Wall St
Is Acushnet Holdings (NYSE:GOLF) Likely To Turn Things Around?Valuation
Is Acushnet Holdings undervalued compared to its fair value and its price relative to the market?
30.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GOLF ($37.76) is trading above our estimate of fair value ($21.24)
Significantly Below Fair Value: GOLF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GOLF is poor value based on its PE Ratio (30.5x) compared to the US Leisure industry average (25x).
PE vs Market: GOLF is poor value based on its PE Ratio (30.5x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: GOLF is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: GOLF is good value based on its PB Ratio (2.9x) compared to the US Leisure industry average (4.4x).
Next Steps
Future Growth
How is Acushnet Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
29.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOLF's forecast earnings growth (29.4% per year) is above the savings rate (2.2%).
Earnings vs Market: GOLF's earnings (29.4% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GOLF's revenue (7.2% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: GOLF's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GOLF's Return on Equity is forecast to be low in 3 years time (11.9%).
Next Steps
Past Performance
How has Acushnet Holdings performed over the past 5 years?
33.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOLF has high quality earnings.
Growing Profit Margin: GOLF's current net profit margins (5.9%) are lower than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: GOLF has become profitable over the past 5 years, growing earnings by 33.5% per year.
Accelerating Growth: GOLF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GOLF had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Leisure industry average (22.4%).
Return on Equity
High ROE: GOLF's Return on Equity (9.7%) is considered low.
Next Steps
Financial Health
How is Acushnet Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: GOLF's short term assets ($787.1M) exceed its short term liabilities ($363.2M).
Long Term Liabilities: GOLF's short term assets ($787.1M) exceed its long term liabilities ($482.7M).
Debt to Equity History and Analysis
Debt Level: GOLF's debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: GOLF's debt to equity ratio has reduced from 263.8% to 33.5% over the past 5 years.
Debt Coverage: GOLF's debt is well covered by operating cash flow (62.1%).
Interest Coverage: GOLF's interest payments on its debt are well covered by EBIT (9.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Acushnet Holdings's current dividend yield, its reliability and sustainability?
1.64%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GOLF's dividend (1.64%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: GOLF's dividend (1.64%) is low compared to the top 25% of dividend payers in the US market (4.08%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GOLF has been paying a dividend for less than 10 years.
Growing Dividend: GOLF's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.9%), GOLF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GOLF's dividends in 3 years are forecast to be well covered by earnings (35.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
David Maher (52 yo)
2.83yrs
Tenure
US$5,909,377
Compensation
Mr. David E. Maher has been the Chief Executive Officer and President of Acushnet Holdings Corp. since January 1, 2018 and its Director since March 29, 2018. Mr. Maher served as Chief Operating Officer of ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD5.91M) is about average for companies of similar size in the US market ($USD5.14M).
Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.83yrs | US$5.91m | 0.47% $ 13.3m | |
| Executive VP | 1.83yrs | US$1.29m | 0.035% $ 986.6k | |
| President of Titleist Golf Balls | 4.42yrs | US$2.74m | 0.15% $ 4.2m | |
| President of Titleist Golf Clubs | 4.67yrs | US$2.35m | 0.11% $ 3.1m | |
| President of FootJoy | 4.25yrs | US$1.62m | 0.092% $ 2.6m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive VP | 2.92yrs | US$891.42k | 0.11% $ 3.1m | |
| Senior VP & Chief Human Resources Officer | 1.83yrs | no data | 0.011% $ 295.7k | |
| President of Titleist Golf Gear | 6.83yrs | no data | 0.12% $ 3.3m | |
| Managing Director of KJUS European Operations | 0.83yr | no data | no data | |
| President of Worldwide Operations of KJUS | 0.83yr | no data | no data | |
| Vice President of Financial Planning & Analysis | no data | no data | no data |
2.9yrs
Average Tenure
51yo
Average Age
Experienced Management: GOLF's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.83yrs | US$5.91m | 0.47% $ 13.3m | |
| Independent Director | 4.08yrs | US$202.48k | 0.011% $ 311.7k | |
| Independent Director | 9.83yrs | US$204.98k | 0.012% $ 342.0k | |
| Independent Director | 4.08yrs | US$208.73k | 0.0084% $ 236.2k | |
| Independent Director | 4.08yrs | US$202.48k | 0.019% $ 519.3k | |
| Chairman of the Board | 9.83yrs | US$249.98k | 0.0061% $ 172.0k | |
| Director | 1.58yrs | US$175.98k | 0.011% $ 314.2k | |
| Director | 4.08yrs | US$179.98k | 1.02% $ 28.5m |
4.1yrs
Average Tenure
56yo
Average Age
Experienced Board: GOLF's board of directors are considered experienced (4.1 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Acushnet Holdings Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Acushnet Holdings Corp.
- Ticker: GOLF
- Exchange: NYSE
- Founded: 1910
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: US$2.805b
- Shares outstanding: 74.29m
- Website: https://www.acushnetholdingscorp.com
Number of Employees
Location
- Acushnet Holdings Corp.
- 333 Bridge Street
- Fairhaven
- Massachusetts
- 2719
- United States
Listings
| 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 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/29 00:08 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.