Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally.
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. It offers golf balls under the Titleist brand; golf clubs, such as drivers, fairways, hybrids, and irons under the Titleist brand name; wedges under the Vokey Design brand; and putters under the Scotty Cameron brand.
Acushnet Holdings Fundamentals Summary
How do Acushnet Holdings's earnings and revenue compare to its market cap?
Is Acushnet Holdings undervalued compared to its fair value and its price relative to the market?
Valuation Score
1/6
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
14.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GOLF ($37.99) is trading below our estimate of fair value ($44.45)
Significantly Below Fair Value: GOLF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GOLF is poor value based on its Price-To-Earnings Ratio (15.7x) compared to the US Leisure industry average (10x).
PE vs Market: GOLF is poor value based on its Price-To-Earnings Ratio (15.7x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: GOLF is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: GOLF's Price-To-Book Ratio (2.6x) is in line with the US Leisure industry average.
Future Growth
How is Acushnet Holdings forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score
1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOLF's forecast earnings growth (5.3% per year) is above the savings rate (1.9%).
Earnings vs Market: GOLF's earnings (5.3% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: GOLF's earnings are forecast to grow, but not significantly.
Revenue vs Market: GOLF's revenue (2.6% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: GOLF's revenue (2.6% 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 (18.7%).
Past Performance
How has Acushnet Holdings performed over the past 5 years?
Past Performance Score
2/6
Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
20.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOLF has high quality earnings.
Growing Profit Margin: GOLF's current net profit margins (8.1%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: GOLF's earnings have grown significantly by 20.6% per year over the past 5 years.
Accelerating Growth: GOLF's earnings growth over the past year (1.7%) is below its 5-year average (20.6% per year).
Earnings vs Industry: GOLF earnings growth over the past year (1.7%) underperformed the Leisure industry 30.9%.
Return on Equity
High ROE: GOLF's Return on Equity (16.1%) is considered low.
Financial Health
How is Acushnet Holdings's financial position?
Financial Health Score
6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: GOLF's short term assets ($1.1B) exceed its short term liabilities ($535.9M).
Long Term Liabilities: GOLF's short term assets ($1.1B) exceed its long term liabilities ($438.0M).
Debt to Equity History and Analysis
Debt Level: GOLF's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: GOLF's debt to equity ratio has reduced from 78.5% to 36.7% over the past 5 years.
Debt Coverage: GOLF's debt is well covered by operating cash flow (44.1%).
Interest Coverage: GOLF's interest payments on its debt are well covered by EBIT (44.9x coverage).
Balance Sheet
Dividend
What is Acushnet Holdings's current dividend yield, its reliability and sustainability?
Dividend Score
2/6
Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.90%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GOLF's dividend (1.9%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: GOLF's dividend (1.9%) is low compared to the top 25% of dividend payers in the US market (4.05%).
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 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.6%), GOLF's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.9%), GOLF's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.7yrs
Average management tenure
CEO
David Maher (53 yo)
4.33yrs
Tenure
US$8,092,225
Compensation
Mr. David E. Maher has been the Chief Executive Officer and President of Acushnet Holdings Corp. since January 1, 2018 and its Director since March 29, 2018. He was appointed President and Chief Executive...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD8.09M) is about average for companies of similar size in the US market ($USD6.83M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: GOLF's management team is considered experienced (4.7 years average tenure).
Board Members
Experienced Board: GOLF's board of directors are considered experienced (5.6 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 employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/24 00:00
End of Day Share Price
2022/05/24 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
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.