ACUSHNET HOLDINGS CORP (GOLF)
US0050981085 - Common Stock
GOLF gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 32 industry peers in the Leisure Products industry. GOLF has an excellent profitability rating, but there are some minor concerns on its financial health. GOLF is quite expensive at the moment. 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.
Each year in the past 5 years GOLF has been profitable.
Of the past 5 years GOLF 4 years had a positive operating cash flow.
1.2 Ratios
GOLF's Return On Assets of 9.04% is amongst the best of the industry. GOLF outperforms 80.65% of its industry peers.
Looking at the Return On Equity, with a value of 22.97%, GOLF belongs to the top of the industry, outperforming 83.87% of the companies in the same industry.
With an excellent Return On Invested Capital value of 12.96%, GOLF belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GOLF is above the industry average of 11.27%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.04% | ||
| ROE | 22.97% | ||
| ROIC | 12.96% |
ROA(3y)9.01%
ROA(5y)7.77%
ROE(3y)20.45%
ROE(5y)16.86%
ROIC(3y)13.64%
ROIC(5y)11.9%
1.3 Margins
Looking at the Profit Margin, with a value of 8.33%, GOLF belongs to the top of the industry, outperforming 87.10% of the companies in the same industry.
GOLF's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 11.98%, GOLF belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
In the last couple of years the Operating Margin of GOLF has grown nicely.
GOLF's Gross Margin of 52.58% is amongst the best of the industry. GOLF outperforms 87.10% of its industry peers.
GOLF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.98% | ||
| PM (TTM) | 8.33% | ||
| GM | 52.58% |
OM growth 3Y6.41%
OM growth 5Y2.66%
PM growth 3Y11.84%
PM growth 5Y6.38%
GM growth 3Y0.72%
GM growth 5Y0.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GOLF is still creating some value.
The number of shares outstanding for GOLF has been reduced compared to 1 year ago.
Compared to 5 years ago, GOLF has less shares outstanding
Compared to 1 year ago, GOLF has a worse debt to assets ratio.
2.2 Solvency
GOLF has an Altman-Z score of 3.65. This indicates that GOLF is financially healthy and has little risk of bankruptcy at the moment.
GOLF's Altman-Z score of 3.65 is fine compared to the rest of the industry. GOLF outperforms 64.52% of its industry peers.
GOLF has a debt to FCF ratio of 2.59. This is a good value and a sign of high solvency as GOLF would need 2.59 years to pay back of all of its debts.
GOLF's Debt to FCF ratio of 2.59 is fine compared to the rest of the industry. GOLF outperforms 61.29% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that GOLF is somewhat dependend on debt financing.
GOLF has a worse Debt to Equity ratio (0.81) than 70.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 2.59 | ||
| Altman-Z | 3.65 |
ROIC/WACC1.42
WACC9.15%
2.3 Liquidity
GOLF has a Current Ratio of 2.21. This indicates that GOLF is financially healthy and has no problem in meeting its short term obligations.
GOLF has a Current ratio of 2.21. This is comparable to the rest of the industry: GOLF outperforms 45.16% of its industry peers.
GOLF has a Quick Ratio of 2.21. This is a bad value and indicates that GOLF is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of GOLF (0.84) is worse than 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.21 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
GOLF shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.86%.
GOLF shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.97% yearly.
GOLF shows a small growth in Revenue. In the last year, the Revenue has grown by 4.92%.
Measured over the past years, GOLF shows a small growth in Revenue. The Revenue has been growing by 7.83% on average per year.
EPS 1Y (TTM)5.86%
EPS 3Y28.56%
EPS 5Y16.97%
EPS growth Q2QN/A
Revenue 1Y (TTM)4.92%
Revenue growth 3Y13.9%
Revenue growth 5Y7.83%
Revenue growth Q2Q-7.7%
3.2 Future
The Earnings Per Share is expected to grow by 10.09% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.04% on average over the next years.
EPS Next Y14.1%
EPS Next 2Y12.63%
EPS Next 3Y10.09%
EPS Next 5YN/A
Revenue Next Year2.82%
Revenue Next 2Y3.37%
Revenue Next 3Y3.04%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
Based on the Price/Earnings ratio of 21.28, the valuation of GOLF can be described as rather expensive.
GOLF's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of GOLF to the average of the S&P500 Index (24.55), we can say GOLF is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 18.65, the valuation of GOLF can be described as rather expensive.
GOLF's Price/Forward Earnings ratio is in line with the industry average.
GOLF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.28 | ||
| Fwd PE | 18.65 |
4.2 Price Multiples
GOLF's Enterprise Value to EBITDA is on the same level as the industry average.
GOLF's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.4 | ||
| EV/EBITDA | 13.29 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of GOLF may justify a higher PE ratio.
PEG (NY)1.51
PEG (5Y)1.25
EPS Next 2Y12.63%
EPS Next 3Y10.09%
5. Dividend
5.1 Amount
GOLF has a Yearly Dividend Yield of 1.40%. Purely for dividend investing, there may be better candidates out there.
GOLF's Dividend Yield is a higher than the industry average which is at 3.31.
With a Dividend Yield of 1.40, GOLF pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.4% |
5.2 History
The dividend of GOLF is nicely growing with an annual growth rate of 10.45%!
GOLF has been paying a dividend for over 5 years, so it has already some track record.
As GOLF did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)10.45%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
GOLF pays out 26.44% 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.
DP26.44%
EPS Next 2Y12.63%
EPS Next 3Y10.09%
ACUSHNET HOLDINGS CORP
NYSE:GOLF (5/2/2024, 10:34:29 AM)
61.505
+0.64 (+1.04%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.90B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.4% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.28 | ||
| Fwd PE | 18.65 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.51
PEG (5Y)1.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.04% | ||
| ROE | 22.97% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 11.98% | ||
| PM (TTM) | 8.33% | ||
| GM | 52.58% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.21 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)5.86%
EPS 3Y28.56%
EPS 5Y
EPS growth Q2Q
EPS Next Y14.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.92%
Revenue growth 3Y13.9%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y