NYSE:GOLF

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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

Adequate 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.4%

GOLF

2.1%

US Leisure

-2.4%

US Market


1 Year Return

21.7%

GOLF

88.5%

US Leisure

18.2%

US Market

Return vs Industry: GOLF underperformed the US Leisure industry which returned 77.4% over the past year.

Return vs Market: GOLF exceeded the US Market which returned 19.5% over the past year.


Shareholder returns

GOLFIndustryMarket
7 Day-1.4%2.1%-2.4%
30 Day4.7%24.7%4.2%
90 Day-6.3%37.6%6.3%
1 Year24.1%21.7%92.5%88.5%20.9%18.2%
3 Year103.1%90.5%11.6%4.5%41.2%31.8%
5 Yearn/a23.6%11.4%84.8%63.9%

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

Valuation

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

44.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GOLF ($34.76) is trading above our estimate of fair value ($24.59)

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 (44.1x) compared to the US Leisure industry average (27.9x).

PE vs Market: GOLF is poor value based on its PE Ratio (44.1x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: GOLF is good value based on its PEG Ratio (0.9x)


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 (4.1x).


Next Steps

Future Growth

How is Acushnet Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

46.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOLF's forecast earnings growth (46.9% per year) is above the savings rate (2.2%).

Earnings vs Market: GOLF's earnings (46.9% per year) are forecast to grow faster than the US market (22.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GOLF's revenue (7.8% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: GOLF's revenue (7.8% 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 (11.3%).


Next Steps

Past Performance

How has Acushnet Holdings performed over the past 5 years?

37.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOLF has high quality earnings.

Growing Profit Margin: GOLF's current net profit margins (3.9%) are lower than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: GOLF has become profitable over the past 5 years, growing earnings by 37.3% 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 (-36.1%) over the past year, making it difficult to compare to the Leisure industry average (8.7%).


Return on Equity

High ROE: GOLF's Return on Equity (6.7%) 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 ($838.7M) exceed its short term liabilities ($465.4M).

Long Term Liabilities: GOLF's short term assets ($838.7M) exceed its long term liabilities ($499.1M).


Debt to Equity History and Analysis

Debt Level: GOLF's debt to equity ratio (51.2%) is considered high.

Reducing Debt: GOLF's debt to equity ratio has reduced from 270.2% to 51.2% over the past 5 years.

Debt Coverage: GOLF's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: GOLF's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Next Steps

Dividend

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

1.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOLF's dividend (1.78%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: GOLF's dividend (1.78%) is low compared to the top 25% of dividend payers in the US market (4.66%).


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 reasonable payout ratio (74.9%), GOLF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GOLF's dividends in 3 years are forecast to be well covered by earnings (42.6% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

David Maher (52 yo)

2.75yrs

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 ($USD5.91M) is about average for companies of similar size in the US market ($USD5.61M).

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

NamePositionTenureCompensationOwnership
David Maher
President2.75yrsUS$5.91m0.47%
$ 12.3m
Thomas Pacheco
Executive VP1.75yrsUS$1.29m0.035%
$ 908.3k
Mary Bohn
President of Titleist Golf Balls4.33yrsUS$2.74m0.15%
$ 3.8m
Steven Pelisek
President of Titleist Golf Clubs4.58yrsUS$2.35m0.11%
$ 2.8m
Christopher Lindner
President of FootJoy4.17yrsUS$1.62m0.092%
$ 2.4m
Anthony Takazawa
Vice President of Investor Relationsno datano datano data
Brendan Gibbons
Executive VP2.83yrsUS$891.42k0.11%
$ 2.8m
Brendan Reidy
Senior VP & Chief Human Resources Officer1.75yrsno data0.011%
$ 272.2k
John Duke
President of Titleist Golf Gear6.75yrsno data0.12%
$ 3.0m
Timo Regier
Managing Director of KJUS European Operations0.75yrno datano data
Brooke Mackenzie
President of Worldwide Operations of KJUS0.75yrno datano data
Sondra Lennon
Vice President of Financial Planning & Analysisno datano datano data

2.8yrs

Average Tenure

51yo

Average Age

Experienced Management: GOLF's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Maher
President2.75yrsUS$5.91m0.47%
$ 12.3m
Steven Tishman
Independent Director4yrsUS$202.48k0.011%
$ 286.9k
Jennifer Estabrook
Independent Director9.75yrsUS$204.98k0.012%
$ 314.8k
Sean Sullivan
Independent Director4yrsUS$208.73k0.0084%
$ 217.4k
Gregory Hewett
Independent Director4yrsUS$202.48k0.019%
$ 478.0k
Yoon-Soo Yoon
Chairman of the Board9.75yrsUS$249.98k0.0061%
$ 158.3k
Keun-Chang Yoon
Director1.5yrsUS$175.98k0.011%
$ 289.2k
Walter Uihlein
Director4yrsUS$179.98k1.02%
$ 26.2m

4.0yrs

Average Tenure

56yo

Average Age

Experienced Board: GOLF's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GOLF insiders have only sold shares 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$2.582b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GOLFNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2016
163DB (Deutsche Boerse AG)YesCommon StockDEEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:32
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.