ACUSHNET HOLDINGS CORP (GOLF) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GOLF - US0050981085 - Common Stock
85.23 USD
-1.55 (-1.79%)
85.23 USD
0 (0%)
GOLF gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 31 industry peers in the Leisure Products industry. GOLF scores excellent on profitability, but there are some minor concerns on its financial health. GOLF is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GOLF was profitable.
GOLF had a positive operating cash flow in the past year.
GOLF had positive earnings in each of the past 5 years.
GOLF had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
GOLF has a better Return On Assets (9.45%) than 96.77% of its industry peers.
GOLF's Return On Equity of 26.09% is amongst the best of the industry. GOLF outperforms 100.00% of its industry peers.
The Return On Invested Capital of GOLF (13.29%) is better than 93.55% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GOLF is significantly above the industry average of 7.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.45% | ||
| ROE | 26.09% | ||
| ROIC | 13.29% |
ROA(3y)9.32%
ROA(5y)8.4%
ROE(3y)24.07%
ROE(5y)19.82%
ROIC(3y)14.1%
ROIC(5y)12.99%
1.3 Margins
GOLF's Profit Margin of 8.80% is amongst the best of the industry. GOLF outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of GOLF has grown nicely.
With an excellent Operating Margin value of 12.35%, GOLF belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
In the last couple of years the Operating Margin of GOLF has grown nicely.
With a decent Gross Margin value of 43.98%, GOLF is doing good in the industry, outperforming 70.97% of the companies in the same industry.
In the last couple of years the Gross Margin of GOLF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.35% | ||
| PM (TTM) | 8.8% | ||
| GM | 43.98% |
OM growth 3Y1.65%
OM growth 5Y2.86%
PM growth 3Y1.55%
PM growth 5Y3.9%
GM growth 3Y-2.45%
GM growth 5Y-1.4%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GOLF is creating some value.
The number of shares outstanding for GOLF has been increased compared to 1 year ago.
GOLF has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, GOLF has a worse debt to assets ratio.
2.2 Solvency
GOLF has an Altman-Z score of 4.00. This indicates that GOLF is financially healthy and has little risk of bankruptcy at the moment.
GOLF has a Altman-Z score of 4.00. This is in the better half of the industry: GOLF outperforms 77.42% of its industry peers.
GOLF has a debt to FCF ratio of 8.19. This is a slightly negative value and a sign of low solvency as GOLF would need 8.19 years to pay back of all of its debts.
GOLF has a Debt to FCF ratio of 8.19. This is comparable to the rest of the industry: GOLF outperforms 51.61% of its industry peers.
GOLF has a Debt/Equity ratio of 1.06. This is a high value indicating a heavy dependency on external financing.
GOLF has a Debt to Equity ratio of 1.06. This is in the lower half of the industry: GOLF underperforms 61.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 8.19 | ||
| Altman-Z | 4 |
ROIC/WACC1.34
WACC9.89%
2.3 Liquidity
GOLF has a Current Ratio of 2.42. This indicates that GOLF is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of GOLF (2.42) is better than 64.52% of its industry peers.
A Quick Ratio of 1.30 indicates that GOLF should not have too much problems paying its short term obligations.
The Quick ratio of GOLF (1.30) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.42 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
GOLF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.49%, which is quite impressive.
GOLF shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.79% yearly.
GOLF shows a small growth in Revenue. In the last year, the Revenue has grown by 4.20%.
GOLF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.88% yearly.
EPS 1Y (TTM)24.49%
EPS 3Y12%
EPS 5Y15.79%
EPS Q2Q%-8.99%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y4.58%
Revenue growth 5Y7.88%
Sales Q2Q%5.99%
3.2 Future
Based on estimates for the next years, GOLF will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.93% on average per year.
GOLF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.02% yearly.
EPS Next Y4.91%
EPS Next 2Y6.53%
EPS Next 3Y8.93%
EPS Next 5YN/A
Revenue Next Year2.7%
Revenue Next 2Y2.61%
Revenue Next 3Y3.02%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GOLF is valuated rather expensively with a Price/Earnings ratio of 23.29.
Based on the Price/Earnings ratio, GOLF is valued a bit cheaper than 67.74% of the companies in the same industry.
GOLF is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 22.55, GOLF is valued on the expensive side.
Based on the Price/Forward Earnings ratio, GOLF is valued a bit cheaper than 64.52% of the companies in the same industry.
GOLF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.29 | ||
| Fwd PE | 22.55 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GOLF.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GOLF is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.39 | ||
| EV/EBITDA | 15.96 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
GOLF has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.74
PEG (5Y)1.47
EPS Next 2Y6.53%
EPS Next 3Y8.93%
5. Dividend
5.1 Amount
GOLF has a Yearly Dividend Yield of 1.18%.
Compared to an average industry Dividend Yield of 1.36, GOLF pays a bit more dividend than its industry peers.
GOLF's Dividend Yield is slightly below the S&P500 average, which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
5.2 History
The dividend of GOLF is nicely growing with an annual growth rate of 10.12%!
GOLF has been paying a dividend for over 5 years, so it has already some track record.
GOLF has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)10.12%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
GOLF pays out 24.93% of its income as dividend. This is a sustainable payout ratio.
The dividend of GOLF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP24.93%
EPS Next 2Y6.53%
EPS Next 3Y8.93%
85.23
-1.55 (-1.79%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners61.03%
Inst Owner Change0%
Ins Owners2.74%
Ins Owner Change-3.43%
Market Cap5.00B
Revenue(TTM)2.53B
Net Income(TTM)222.33M
Analysts52.31
Price Target81.45 (-4.44%)
Short Float %12.98%
Short Ratio11.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
Yearly Dividend0.94
Dividend Growth(5Y)10.12%
DP24.93%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.26%
Min EPS beat(2)-6.31%
Max EPS beat(2)-6.21%
EPS beat(4)2
Avg EPS beat(4)25.66%
Min EPS beat(4)-6.31%
Max EPS beat(4)94.09%
EPS beat(8)4
Avg EPS beat(8)12.67%
EPS beat(12)8
Avg EPS beat(12)24.31%
EPS beat(16)11
Avg EPS beat(16)21.42%
Revenue beat(2)1
Avg Revenue beat(2)0.04%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)1.86%
Revenue beat(4)1
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-4.04%
Max Revenue beat(4)1.86%
Revenue beat(8)2
Avg Revenue beat(8)-2.2%
Revenue beat(12)6
Avg Revenue beat(12)-0.47%
Revenue beat(16)10
Avg Revenue beat(16)1.53%
PT rev (1m)-1.21%
PT rev (3m)-1.41%
EPS NQ rev (1m)6.25%
EPS NQ rev (3m)-11.76%
EPS NY rev (1m)0.79%
EPS NY rev (3m)-1.39%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.29 | ||
| Fwd PE | 22.55 | ||
| P/S | 1.98 | ||
| P/FCF | 45.39 | ||
| P/OCF | 25.83 | ||
| P/B | 5.87 | ||
| P/tB | 44.02 | ||
| EV/EBITDA | 15.96 |
EPS(TTM)3.66
EY4.29%
EPS(NY)3.78
Fwd EY4.43%
FCF(TTM)1.88
FCFY2.2%
OCF(TTM)3.3
OCFY3.87%
SpS43.07
BVpS14.53
TBVpS1.94
PEG (NY)4.74
PEG (5Y)1.47
Graham Number34.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.45% | ||
| ROE | 26.09% | ||
| ROCE | 16.49% | ||
| ROIC | 13.29% | ||
| ROICexc | 13.94% | ||
| ROICexgc | 23.41% | ||
| OM | 12.35% | ||
| PM (TTM) | 8.8% | ||
| GM | 43.98% | ||
| FCFM | 4.36% |
ROA(3y)9.32%
ROA(5y)8.4%
ROE(3y)24.07%
ROE(5y)19.82%
ROIC(3y)14.1%
ROIC(5y)12.99%
ROICexc(3y)14.44%
ROICexc(5y)14.02%
ROICexgc(3y)26.09%
ROICexgc(5y)27.09%
ROCE(3y)17.56%
ROCE(5y)16.1%
ROICexgc growth 3Y-11.31%
ROICexgc growth 5Y6.23%
ROICexc growth 3Y-4.59%
ROICexc growth 5Y7.69%
OM growth 3Y1.65%
OM growth 5Y2.86%
PM growth 3Y1.55%
PM growth 5Y3.9%
GM growth 3Y-2.45%
GM growth 5Y-1.4%
F-Score6
Asset Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 8.19 | ||
| Debt/EBITDA | 2.45 | ||
| Cap/Depr | 148.07% | ||
| Cap/Sales | 3.3% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 52.54% | ||
| Profit Quality | 49.54% | ||
| Current Ratio | 2.42 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 4 |
F-Score6
WACC9.89%
ROIC/WACC1.34
Cap/Depr(3y)210.84%
Cap/Depr(5y)156.63%
Cap/Sales(3y)4.28%
Cap/Sales(5y)3.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.49%
EPS 3Y12%
EPS 5Y15.79%
EPS Q2Q%-8.99%
EPS Next Y4.91%
EPS Next 2Y6.53%
EPS Next 3Y8.93%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y4.58%
Revenue growth 5Y7.88%
Sales Q2Q%5.99%
Revenue Next Year2.7%
Revenue Next 2Y2.61%
Revenue Next 3Y3.02%
Revenue Next 5YN/A
EBIT growth 1Y9.61%
EBIT growth 3Y6.31%
EBIT growth 5Y10.97%
EBIT Next Year37.67%
EBIT Next 3Y14.96%
EBIT Next 5YN/A
FCF growth 1Y-13.68%
FCF growth 3Y-14.89%
FCF growth 5Y10.97%
OCF growth 1Y-32.81%
OCF growth 3Y-7.93%
OCF growth 5Y12.79%
ACUSHNET HOLDINGS CORP / GOLF FAQ
What is the fundamental rating for GOLF stock?
ChartMill assigns a fundamental rating of 5 / 10 to GOLF.
What is the valuation status of ACUSHNET HOLDINGS CORP (GOLF) stock?
ChartMill assigns a valuation rating of 3 / 10 to ACUSHNET HOLDINGS CORP (GOLF). This can be considered as Overvalued.
Can you provide the profitability details for ACUSHNET HOLDINGS CORP?
ACUSHNET HOLDINGS CORP (GOLF) has a profitability rating of 8 / 10.
What is the earnings growth outlook for ACUSHNET HOLDINGS CORP?
The Earnings per Share (EPS) of ACUSHNET HOLDINGS CORP (GOLF) is expected to grow by 4.91% in the next year.
Is the dividend of ACUSHNET HOLDINGS CORP sustainable?
The dividend rating of ACUSHNET HOLDINGS CORP (GOLF) is 5 / 10 and the dividend payout ratio is 24.93%.