ACUSHNET HOLDINGS CORP (GOLF) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GOLF - US0050981085 - Common Stock
83.55 USD
-0.55 (-0.65%)
83.55 USD
0 (0%)
Taking everything into account, GOLF scores 5 out of 10 in our fundamental rating. 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
GOLF had positive earnings in the past year.
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
With an excellent Return On Assets value of 9.45%, GOLF belongs to the best of the industry, outperforming 93.94% of the companies in the same industry.
With an excellent Return On Equity value of 26.09%, GOLF belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.29%, GOLF belongs to the top of the industry, outperforming 93.94% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GOLF is significantly above the industry average of 7.07%.
| 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 has a Profit Margin of 8.80%. This is amongst the best in the industry. GOLF outperforms 100.00% of its industry peers.
GOLF's Profit Margin has improved in the last couple of years.
GOLF's Operating Margin of 12.35% is amongst the best of the industry. GOLF outperforms 93.94% of its industry peers.
GOLF's Operating Margin has improved in the last couple of years.
GOLF has a Gross Margin of 43.98%. This is in the better half of the industry: GOLF outperforms 66.67% of its industry peers.
GOLF's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 5 years ago, GOLF has less shares outstanding
The debt/assets ratio for GOLF is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.94 indicates that GOLF is not in any danger for bankruptcy at the moment.
GOLF's Altman-Z score of 3.94 is fine compared to the rest of the industry. GOLF outperforms 69.70% of its industry peers.
The Debt to FCF ratio of GOLF is 8.19, which is on the high side as it means it would take GOLF, 8.19 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.19, GOLF is in line with its industry, outperforming 54.55% of the companies in the same industry.
A Debt/Equity ratio of 1.06 is on the high side and indicates that GOLF has dependencies on debt financing.
GOLF's Debt to Equity ratio of 1.06 is on the low side compared to the rest of the industry. GOLF is outperformed by 69.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 8.19 | ||
| Altman-Z | 3.94 |
ROIC/WACC1.23
WACC10.84%
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.
GOLF has a Current ratio (2.42) which is in line with its industry peers.
GOLF has a Quick Ratio of 1.30. This is a normal value and indicates that GOLF is financially healthy and should not expect problems in meeting its short term obligations.
GOLF has a Quick ratio (1.30) which is in line with its industry peers.
| 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.
The Earnings Per Share has been growing by 15.79% on average over the past years. This is quite good.
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 small growth in Earnings Per Share. The EPS will grow by 5.97% on average per year.
Based on estimates for the next years, GOLF will show a small growth in Revenue. The Revenue will grow by 2.82% on average per year.
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
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
With a Price/Earnings ratio of 22.83, GOLF is valued on the expensive side.
GOLF's Price/Earnings ratio is a bit cheaper when compared to the industry. GOLF is cheaper than 63.64% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, GOLF is valued at the same level.
Based on the Price/Forward Earnings ratio of 22.70, the valuation of GOLF can be described as rather expensive.
GOLF's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GOLF is cheaper than 60.61% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GOLF to the average of the S&P500 Index (36.56), we can say GOLF is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.83 | ||
| Fwd PE | 22.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GOLF is on the same level as its industry peers.
GOLF's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.5 | ||
| EV/EBITDA | 15.53 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GOLF does not grow enough to justify the current Price/Earnings ratio.
GOLF has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.28
PEG (5Y)1.45
EPS Next 2Y5.13%
EPS Next 3Y5.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.11%, GOLF has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.01, GOLF pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, GOLF's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
5.2 History
On average, the dividend of GOLF grows each year by 10.12%, which is quite nice.
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)10.12%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
24.93% 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.
DP24.93%
EPS Next 2Y5.13%
EPS Next 3Y5.97%
83.55
-0.55 (-0.65%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners62.19%
Inst Owner Change-2.39%
Ins Owners2.87%
Ins Owner Change-3.27%
Market Cap4.90B
Revenue(TTM)2.53B
Net Income(TTM)222.33M
Analysts51.67
Price Target82.45 (-1.32%)
Short Float %15.59%
Short Ratio13.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Yearly Dividend0.94
Dividend Growth(5Y)10.12%
DP24.93%
Div Incr Years7
Div Non Decr Years7
Ex-Date
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)-0.21%
PT rev (3m)4.44%
EPS NQ rev (1m)-19.22%
EPS NQ rev (3m)-19.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.83 | ||
| Fwd PE | 22.7 | ||
| P/S | 1.94 | ||
| P/FCF | 44.5 | ||
| P/OCF | 25.32 | ||
| P/B | 5.75 | ||
| P/tB | 43.15 | ||
| EV/EBITDA | 15.53 |
EPS(TTM)3.66
EY4.38%
EPS(NY)3.68
Fwd EY4.41%
FCF(TTM)1.88
FCFY2.25%
OCF(TTM)3.3
OCFY3.95%
SpS43.07
BVpS14.53
TBVpS1.94
PEG (NY)3.28
PEG (5Y)1.45
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 | 3.94 |
F-Score6
WACC10.84%
ROIC/WACC1.23
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 Y6.95%
EPS Next 2Y5.13%
EPS Next 3Y5.97%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y4.58%
Revenue growth 5Y7.88%
Sales Q2Q%5.99%
Revenue Next Year1.91%
Revenue Next 2Y2.12%
Revenue Next 3Y2.82%
Revenue Next 5YN/A
EBIT growth 1Y9.61%
EBIT growth 3Y6.31%
EBIT growth 5Y10.97%
EBIT Next Year33.51%
EBIT Next 3Y14.13%
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 for GOLF stock?
ChartMill assigns a valuation rating of 4 / 10 to ACUSHNET HOLDINGS CORP (GOLF). This can be considered as Fairly Valued.
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 22.83 and the Price/Book (PB) ratio is 5.75.
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.