ACUSHNET HOLDINGS CORP (GOLF) Stock Fundamental Analysis
USA - NYSE:GOLF - US0050981085 - Common Stock
80.99 USD
-1.05 (-1.28%)
80.6 USD
-0.39 (-0.48%)
We assign a fundamental rating of 5 out of 10 to GOLF. GOLF was compared to 33 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
GOLF had positive earnings in the past year.
In the past year GOLF had a positive cash flow from operations.
In the past 5 years GOLF has always been profitable.
Of the past 5 years GOLF 4 years had a positive operating cash flow.
1.2 Ratios
GOLF has a Return On Assets of 9.60%. This is amongst the best in the industry. GOLF outperforms 93.94% of its industry peers.
Looking at the Return On Equity, with a value of 28.45%, GOLF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
GOLF has a Return On Invested Capital of 12.92%. This is amongst the best in the industry. GOLF outperforms 90.91% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GOLF is significantly above the industry average of 7.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.6% | ||
| ROE | 28.45% | ||
| ROIC | 12.92% |
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 has a better Profit Margin (9.24%) than 93.94% 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 12.10%, GOLF belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
GOLF's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 45.37%, GOLF is doing good in the industry, outperforming 69.70% 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 | 12.1% | ||
| PM (TTM) | 9.24% | ||
| GM | 45.37% |
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.
The number of shares outstanding for GOLF has been reduced compared to 5 years ago.
The debt/assets ratio for GOLF is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.73 indicates that GOLF is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.73, GOLF is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
The Debt to FCF ratio of GOLF is 9.62, which is on the high side as it means it would take GOLF, 9.62 years of fcf income to pay off all of its debts.
GOLF has a Debt to FCF ratio (9.62) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.15 is on the high side and indicates that GOLF has dependencies on debt financing.
With a Debt to Equity ratio value of 1.15, GOLF is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 9.62 | ||
| Altman-Z | 3.73 |
ROIC/WACC1.12
WACC11.5%
2.3 Liquidity
A Current Ratio of 2.25 indicates that GOLF has no problem at all paying its short term obligations.
GOLF's Current ratio of 2.25 is in line compared to the rest of the industry. GOLF outperforms 51.52% of its industry peers.
A Quick Ratio of 1.21 indicates that GOLF should not have too much problems paying its short term obligations.
GOLF has a worse Quick ratio (1.21) than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.25 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 28.97% over the past year.
The Earnings Per Share has been growing by 15.79% on average over the past years. This is quite good.
The Revenue has been growing slightly by 3.83% in the past year.
GOLF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.88% yearly.
EPS 1Y (TTM)28.97%
EPS 3Y12%
EPS 5Y15.79%
EPS Q2Q%12.61%
Revenue 1Y (TTM)3.83%
Revenue growth 3Y4.58%
Revenue growth 5Y7.88%
Sales Q2Q%5.35%
3.2 Future
Based on estimates for the next years, GOLF will show a small growth in Earnings Per Share. The EPS will grow by 5.97% on average per year.
The Revenue is expected to grow by 2.82% on average over the next years.
EPS Next Y6.95%
EPS Next 2Y5.13%
EPS Next 3Y5.97%
EPS Next 5YN/A
Revenue Next Year1.91%
Revenue Next 2Y2.12%
Revenue Next 3Y2.82%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 21.66, GOLF is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of GOLF indicates a somewhat cheap valuation: GOLF is cheaper than 78.79% of the companies listed in the same industry.
GOLF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.83.
GOLF is valuated rather expensively with a Price/Forward Earnings ratio of 22.01.
GOLF's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GOLF is cheaper than 63.64% of the companies in the same industry.
GOLF's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.66 | ||
| Fwd PE | 22.01 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GOLF.
The rest of the industry has a similar Price/Free Cash Flow ratio as GOLF.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.01 | ||
| EV/EBITDA | 15.79 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of GOLF may justify a higher PE ratio.
PEG (NY)3.11
PEG (5Y)1.37
EPS Next 2Y5.13%
EPS Next 3Y5.97%
5. Dividend
5.1 Amount
GOLF has a Yearly Dividend Yield of 1.16%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.87, GOLF pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.30, GOLF's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
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
23.84% of the earnings are spent on dividend by GOLF. This is a low number and sustainable payout ratio.
GOLF's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP23.84%
EPS Next 2Y5.13%
EPS Next 3Y5.97%
80.99
-1.05 (-1.28%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners62.19%
Inst Owner Change0.84%
Ins Owners2.87%
Ins Owner Change-0.83%
Market Cap4.75B
Revenue(TTM)2.49B
Net Income(TTM)230.04M
Analysts51.67
Price Target82.62 (2.01%)
Short Float %16.15%
Short Ratio13.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend0.94
Dividend Growth(5Y)10.12%
DP23.84%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.37%
Min EPS beat(2)-6.31%
Max EPS beat(2)21.05%
EPS beat(4)3
Avg EPS beat(4)29.87%
Min EPS beat(4)-6.31%
Max EPS beat(4)94.09%
EPS beat(8)5
Avg EPS beat(8)20.02%
EPS beat(12)9
Avg EPS beat(12)26.56%
EPS beat(16)12
Avg EPS beat(16)36.4%
Revenue beat(2)0
Avg Revenue beat(2)-1.48%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)-1.17%
Revenue beat(4)0
Avg Revenue beat(4)-2.23%
Min Revenue beat(4)-4.04%
Max Revenue beat(4)-1.17%
Revenue beat(8)2
Avg Revenue beat(8)-2.14%
Revenue beat(12)6
Avg Revenue beat(12)-0.06%
Revenue beat(16)10
Avg Revenue beat(16)2.83%
PT rev (1m)1.5%
PT rev (3m)15.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.04%
EPS NY rev (1m)0.53%
EPS NY rev (3m)-0.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.66 | ||
| Fwd PE | 22.01 | ||
| P/S | 1.91 | ||
| P/FCF | 49.01 | ||
| P/OCF | 27.21 | ||
| P/B | 5.88 | ||
| P/tB | 71.64 | ||
| EV/EBITDA | 15.79 |
EPS(TTM)3.74
EY4.62%
EPS(NY)3.68
Fwd EY4.54%
FCF(TTM)1.65
FCFY2.04%
OCF(TTM)2.98
OCFY3.68%
SpS42.44
BVpS13.78
TBVpS1.13
PEG (NY)3.11
PEG (5Y)1.37
Graham Number34.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.6% | ||
| ROE | 28.45% | ||
| ROCE | 16.02% | ||
| ROIC | 12.92% | ||
| ROICexc | 13.34% | ||
| ROICexgc | 22.35% | ||
| OM | 12.1% | ||
| PM (TTM) | 9.24% | ||
| GM | 45.37% | ||
| FCFM | 3.89% |
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-Score4
Asset Turnover1.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 9.62 | ||
| Debt/EBITDA | 2.6 | ||
| Cap/Depr | 135.43% | ||
| Cap/Sales | 3.12% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 48.69% | ||
| Profit Quality | 42.14% | ||
| Current Ratio | 2.25 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 3.73 |
F-Score4
WACC11.5%
ROIC/WACC1.12
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)28.97%
EPS 3Y12%
EPS 5Y15.79%
EPS Q2Q%12.61%
EPS Next Y6.95%
EPS Next 2Y5.13%
EPS Next 3Y5.97%
EPS Next 5YN/A
Revenue 1Y (TTM)3.83%
Revenue growth 3Y4.58%
Revenue growth 5Y7.88%
Sales Q2Q%5.35%
Revenue Next Year1.91%
Revenue Next 2Y2.12%
Revenue Next 3Y2.82%
Revenue Next 5YN/A
EBIT growth 1Y7.1%
EBIT growth 3Y6.31%
EBIT growth 5Y10.97%
EBIT Next Year33.51%
EBIT Next 3Y14.13%
EBIT Next 5YN/A
FCF growth 1Y705.87%
FCF growth 3Y-14.89%
FCF growth 5Y10.97%
OCF growth 1Y22.61%
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 for 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 valuation of ACUSHNET HOLDINGS CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ACUSHNET HOLDINGS CORP (GOLF) is 21.66 and the Price/Book (PB) ratio is 5.88.
What is the expected EPS growth for ACUSHNET HOLDINGS CORP (GOLF) stock?
The Earnings per Share (EPS) of ACUSHNET HOLDINGS CORP (GOLF) is expected to grow by 6.95% in the next year.