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GOLF

Acushnet HoldingsNYSE:GOLF Stock Report

Market Cap

US$3.8b

7D

0.7%

1Y

54.4%

Updated

26 Sep, 2021

Data

Company Financials +
GOLF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends1/6

GOLF Overview

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 Competitors

Callaway Golf

NYSE:ELY

US$5.6b

adidas

XTRA:ADS

€54.6b

Bridgestone

TSE:5108

JP¥3.8t

PUMA

XTRA:PUM

€14.8b

Price History & Performance

Summary of all time highs, changes and price drops for Acushnet Holdings
Historical stock prices
Current Share PriceUS$51.03
52 Week HighUS$32.93
52 Week LowUS$56.85
Beta0.78
1 Month Change-1.41%
3 Month Change3.24%
1 Year Change54.45%
3 Year Change86.04%
5 Year Changen/a
Change since IPO184.29%

Recent News & Updates

Shareholder Returns

GOLFUS LeisureUS Market
7D0.7%-3.7%0.1%
1Y54.4%28.5%35.3%

Return vs Industry: GOLF exceeded the US Leisure industry which returned 28.5% over the past year.

Return vs Market: GOLF exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is GOLF's price volatile compared to industry and market?
GOLF volatility
GOLF Beta0.78
Industry Beta1.56
Market Beta1

Stable Share Price: GOLF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GOLF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19105,365David Maherhttps://www.acushnetholdingscorp.com

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.

Acushnet Holdings Fundamentals Summary

How do Acushnet Holdings's earnings and revenue compare to its market cap?
GOLF fundamental statistics
Market CapUS$3.77b
Earnings (TTM)US$250.86m
Revenue (TTM)US$2.11b

15.0x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOLF income statement (TTM)
RevenueUS$2.11b
Cost of RevenueUS$991.57m
Gross ProfitUS$1.12b
ExpensesUS$866.73m
EarningsUS$250.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.39
Gross Margin52.99%
Net Profit Margin11.89%
Debt/Equity Ratio29.6%

How did GOLF perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

19%

Payout Ratio

Valuation

Is Acushnet Holdings undervalued compared to its fair value and its price relative to the market?

15.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GOLF ($51.03) is trading above our estimate of fair value ($30.95)

Significantly Below Fair Value: GOLF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GOLF's PE Ratio (15x) is in line with the US Leisure industry average.

PE vs Market: GOLF is good value based on its PE Ratio (15x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: GOLF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GOLF is good value based on its PB Ratio (3.4x) compared to the US Leisure industry average (4.2x).


Future Growth

How is Acushnet Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOLF's earnings are forecast to decline over the next 3 years (-3.2% per year).

Earnings vs Market: GOLF's earnings are forecast to decline over the next 3 years (-3.2% per year).

High Growth Earnings: GOLF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GOLF's revenue is expected to decline over the next 3 years (-0.09% per year).

High Growth Revenue: GOLF's revenue is forecast to decline over the next 3 years (-0.09% 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 (16.1%).


Past Performance

How has Acushnet Holdings performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOLF has high quality earnings.

Growing Profit Margin: GOLF's current net profit margins (11.9%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: GOLF has become profitable over the past 5 years, growing earnings by 28.9% per year.

Accelerating Growth: GOLF's earnings growth over the past year (326.3%) exceeds its 5-year average (28.9% per year).

Earnings vs Industry: GOLF earnings growth over the past year (326.3%) exceeded the Leisure industry 187.3%.


Return on Equity

High ROE: GOLF's Return on Equity (22.1%) is considered high.


Financial Health

How is Acushnet Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: GOLF's short term assets ($1.0B) exceed its short term liabilities ($422.8M).

Long Term Liabilities: GOLF's short term assets ($1.0B) exceed its long term liabilities ($482.3M).


Debt to Equity History and Analysis

Debt Level: GOLF's debt to equity ratio (29.6%) is considered satisfactory.

Reducing Debt: GOLF's debt to equity ratio has reduced from 220.2% to 29.6% over the past 5 years.

Debt Coverage: GOLF's debt is well covered by operating cash flow (121.3%).

Interest Coverage: GOLF's interest payments on its debt are well covered by EBIT (27.2x coverage).


Balance Sheet


Dividend

What is Acushnet Holdings's current dividend yield, its reliability and sustainability?

1.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOLF's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: GOLF's dividend (1.29%) is low compared to the top 25% of dividend payers in the US market (3.6%).


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.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19%), GOLF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

David Maher (53 yo)

3.67yrs

Tenure

US$6,793,749

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 ($USD6.79M) is about average for companies of similar size in the US market ($USD5.28M).

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 (3.2 years average tenure).


Board Members

Experienced Board: GOLF's board of directors are considered experienced (4.9 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


Key Information

  • Name: Acushnet Holdings Corp.
  • Ticker: GOLF
  • Exchange: NYSE
  • Founded: 1910
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: US$3.771b
  • Shares outstanding: 73.91m
  • Website: https://www.acushnetholdingscorp.com

Number of Employees


Location

  • Acushnet Holdings Corp.
  • 333 Bridge Street
  • Fairhaven
  • Massachusetts
  • 2719
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:10
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.