TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Fundamental Analysis
NYSE:MODG - US1311931042 - Common Stock
9.76 USD
+0.47 (+5.06%)
9.76 USD
0 (0%)
MODG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 31 industry peers in the Leisure Products industry. There are concerns on the financial health of MODG while its profitability can be described as average. MODG is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MODG had positive earnings in the past year.
In the past year MODG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: MODG reported negative net income in multiple years.
MODG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MODG has a Return On Assets of -19.64%. This is in the lower half of the industry: MODG underperforms 74.19% of its industry peers.
MODG's Return On Equity of -60.04% is on the low side compared to the rest of the industry. MODG is outperformed by 74.19% of its industry peers.
The Return On Invested Capital of MODG (2.61%) is better than 64.52% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MODG is below the industry average of 7.51%.
The 3 year average ROIC (2.56%) for MODG is below the current ROIC(2.61%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.64% | ||
| ROE | -60.04% | ||
| ROIC | 2.61% |
ROA(3y)-5.36%
ROA(5y)-3.67%
ROE(3y)-17.83%
ROE(5y)-12.71%
ROIC(3y)2.56%
ROIC(5y)2.72%
1.3 Margins
The Operating Margin of MODG (5.30%) is better than 67.74% of its industry peers.
MODG's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 62.86%, MODG belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
MODG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.3% | ||
| PM (TTM) | N/A | ||
| GM | 62.86% |
OM growth 3Y-11.5%
OM growth 5Y-9.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.69%
GM growth 5Y6.77%
2. Health
2.1 Basic Checks
MODG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
MODG has less shares outstanding than it did 1 year ago.
The number of shares outstanding for MODG has been increased compared to 5 years ago.
MODG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.90, we must say that MODG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.90, MODG is not doing good in the industry: 67.74% of the companies in the same industry are doing better.
A Debt/Equity ratio of 1.12 is on the high side and indicates that MODG has dependencies on debt financing.
MODG's Debt to Equity ratio of 1.12 is on the low side compared to the rest of the industry. MODG is outperformed by 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.9 |
ROIC/WACC0.39
WACC6.7%
2.3 Liquidity
A Current Ratio of 1.85 indicates that MODG should not have too much problems paying its short term obligations.
The Current ratio of MODG (1.85) is comparable to the rest of the industry.
MODG has a Quick Ratio of 1.25. This is a normal value and indicates that MODG is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.25, MODG perfoms like the industry average, outperforming 48.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.25 |
3. Growth
3.1 Past
MODG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -90.24%.
The earnings per share for MODG have been decreasing by -27.08% on average. This is quite bad
MODG shows a decrease in Revenue. In the last year, the revenue decreased by -2.35%.
Measured over the past years, MODG shows a very strong growth in Revenue. The Revenue has been growing by 20.04% on average per year.
EPS 1Y (TTM)-90.24%
EPS 3Y-40.09%
EPS 5Y-27.08%
EPS Q2Q%-42.86%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y10.6%
Revenue growth 5Y20.04%
Sales Q2Q%-4.09%
3.2 Future
The Earnings Per Share is expected to decrease by -6.48% on average over the next years.
The Revenue is expected to grow by 9.72% on average over the next years. This is quite good.
EPS Next Y-293.8%
EPS Next 2Y-99.44%
EPS Next 3Y-60.82%
EPS Next 5Y-6.48%
Revenue Next Year-6.05%
Revenue Next 2Y-2.36%
Revenue Next 3Y0.47%
Revenue Next 5Y9.72%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 244.00 indicates a quite expensive valuation of MODG.
The rest of the industry has a similar Price/Earnings ratio as MODG.
When comparing the Price/Earnings ratio of MODG to the average of the S&P500 Index (27.24), we can say MODG is valued expensively.
The Forward Price/Earnings Ratio is negative for MODG. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 244 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MODG is valued cheaper than 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.33 |
4.3 Compensation for Growth
MODG's earnings are expected to decrease with -60.82% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-99.44%
EPS Next 3Y-60.82%
5. Dividend
5.1 Amount
No dividends for MODG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
9.76
+0.47 (+5.06%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners68.15%
Inst Owner ChangeN/A
Ins Owners2.07%
Ins Owner Change5.76%
Market Cap1.79B
Analysts72.22
Price Target10.24 (4.92%)
Short Float %11.72%
Short Ratio5.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)874.18%
Min EPS beat(2)279.74%
Max EPS beat(2)1468.63%
EPS beat(4)4
Avg EPS beat(4)470.76%
Min EPS beat(4)22.6%
Max EPS beat(4)1468.63%
EPS beat(8)8
Avg EPS beat(8)319.42%
EPS beat(12)11
Avg EPS beat(12)211.59%
EPS beat(16)15
Avg EPS beat(16)167.89%
Revenue beat(2)1
Avg Revenue beat(2)0%
Min Revenue beat(2)-0.4%
Max Revenue beat(2)0.4%
Revenue beat(4)3
Avg Revenue beat(4)0.86%
Min Revenue beat(4)-0.4%
Max Revenue beat(4)2.46%
Revenue beat(8)4
Avg Revenue beat(8)-0.78%
Revenue beat(12)6
Avg Revenue beat(12)-0.54%
Revenue beat(16)6
Avg Revenue beat(16)-0.55%
PT rev (1m)15.31%
PT rev (3m)13.61%
EPS NQ rev (1m)15.81%
EPS NQ rev (3m)-27.26%
EPS NY rev (1m)22.92%
EPS NY rev (3m)19.34%
Revenue NQ rev (1m)-4.61%
Revenue NQ rev (3m)-8.71%
Revenue NY rev (1m)-1.3%
Revenue NY rev (3m)-2.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 244 | ||
| Fwd PE | N/A | ||
| P/S | 0.43 | ||
| P/FCF | N/A | ||
| P/OCF | 6.59 | ||
| P/B | 0.72 | ||
| P/tB | 2.55 | ||
| EV/EBITDA | 8.33 |
EPS(TTM)0.04
EY0.41%
EPS(NY)-0.4
Fwd EYN/A
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)1.48
OCFY15.17%
SpS22.52
BVpS13.53
TBVpS3.83
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.64% | ||
| ROE | -60.04% | ||
| ROCE | 3.33% | ||
| ROIC | 2.61% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 4.16% | ||
| OM | 5.3% | ||
| PM (TTM) | N/A | ||
| GM | 62.86% | ||
| FCFM | N/A |
ROA(3y)-5.36%
ROA(5y)-3.67%
ROE(3y)-17.83%
ROE(5y)-12.71%
ROIC(3y)2.56%
ROIC(5y)2.72%
ROICexc(3y)2.68%
ROICexc(5y)3.02%
ROICexgc(3y)4.6%
ROICexgc(5y)5.47%
ROCE(3y)3.28%
ROCE(5y)3.49%
ROICexcg growth 3Y-13.36%
ROICexcg growth 5Y-23.11%
ROICexc growth 3Y-1.37%
ROICexc growth 5Y-18.91%
OM growth 3Y-11.5%
OM growth 5Y-9.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.69%
GM growth 5Y6.77%
F-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.63 | ||
| Cap/Depr | 106.93% | ||
| Cap/Sales | 7.08% | ||
| Interest Coverage | 1.13 | ||
| Cash Conversion | 55.16% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.25 | ||
| Altman-Z | 0.9 |
F-Score5
WACC6.7%
ROIC/WACC0.39
Cap/Depr(3y)196.81%
Cap/Depr(5y)179.36%
Cap/Sales(3y)10.57%
Cap/Sales(5y)8.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-90.24%
EPS 3Y-40.09%
EPS 5Y-27.08%
EPS Q2Q%-42.86%
EPS Next Y-293.8%
EPS Next 2Y-99.44%
EPS Next 3Y-60.82%
EPS Next 5Y-6.48%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y10.6%
Revenue growth 5Y20.04%
Sales Q2Q%-4.09%
Revenue Next Year-6.05%
Revenue Next 2Y-2.36%
Revenue Next 3Y0.47%
Revenue Next 5Y9.72%
EBIT growth 1Y1.01%
EBIT growth 3Y-2.12%
EBIT growth 5Y8.72%
EBIT Next Year99.49%
EBIT Next 3Y30.56%
EBIT Next 5Y40.58%
FCF growth 1Y96.32%
FCF growth 3YN/A
FCF growth 5Y21.19%
OCF growth 1Y3194.32%
OCF growth 3Y11.13%
OCF growth 5Y34.56%