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
Price History & Performance
|Historical stock prices|
|Current Share Price||US$51.03|
|52 Week High||US$32.93|
|52 Week Low||US$56.85|
|1 Month Change||-1.41%|
|3 Month Change||3.24%|
|1 Year Change||54.45%|
|3 Year Change||86.04%|
|5 Year Change||n/a|
|Change since IPO||184.29%|
Recent News & Updates
|GOLF||US Leisure||US Market|
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.
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
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
|GOLF fundamental statistics|
Is GOLF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GOLF income statement (TTM)|
|Cost of Revenue||US$991.57m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.39|
|Net Profit Margin||11.89%|
How did GOLF perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
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: 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).
How is Acushnet Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
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%).
How has Acushnet Holdings performed over the past 5 years?
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.
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 ($482.3M).
Debt to Equity History and Analysis
Debt Level: GOLF's debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: GOLF's debt to equity ratio has reduced from 220.2% to 29.6% over the past 5 years.
Debt Coverage: GOLF's debt is well covered by operating cash flow (121.3%).
Interest Coverage: GOLF's interest payments on its debt are well covered by EBIT (27.2x coverage).
What is Acushnet Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GOLF's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: GOLF's dividend (1.29%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GOLF has been paying a dividend for less than 10 years.
Growing Dividend: GOLF's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19%), GOLF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Maher (53 yo)
Mr. David E. Maher has been the Chief Executive Officer and President of Acushnet Holdings Corp. since January 1, 2018 and its Director since March 29, 2018. He was appointed President and Chief Executive...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($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.
Experienced Management: GOLF's management team is considered experienced (3.2 years average tenure).
Experienced Board: GOLF's board of directors are considered experienced (4.9 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 employee growth, exchange listings and data sources
- 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
- Acushnet Holdings Corp.
- 333 Bridge Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/26 22:10|
|End of Day Share Price||2021/09/24 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.