TOPGOLF CALLAWAY BRANDS CORP (MODG) Stock Fundamental Analysis
USA - NYSE:MODG - US1311931042 - Common Stock
9.92 USD
+0.23 (+2.37%)
9.92 USD
0 (0%)
MODG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 33 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
In the past year MODG was profitable.
MODG had a positive operating cash flow in the past year.
In multiple years MODG reported negative net income over the last 5 years.
MODG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MODG's Return On Assets of -19.64% is on the low side compared to the rest of the industry. MODG is outperformed by 69.70% of its industry peers.
With a Return On Equity value of -60.04%, MODG is not doing good in the industry: 69.70% of the companies in the same industry are doing better.
MODG has a Return On Invested Capital (2.61%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MODG is significantly below the industry average of 7.78%.
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
MODG has a Operating Margin of 5.30%. This is in the better half of the industry: MODG outperforms 69.70% of its industry peers.
MODG's Operating Margin has declined in the last couple of years.
MODG's Gross Margin of 62.86% is amongst the best of the industry. MODG outperforms 87.88% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MODG is destroying value.
Compared to 1 year ago, MODG has less shares outstanding
Compared to 5 years ago, MODG has more shares outstanding
Compared to 1 year ago, MODG has a worse debt to assets ratio.
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.
MODG has a Altman-Z score of 0.90. This is in the lower half of the industry: MODG underperforms 66.67% of its industry peers.
A Debt/Equity ratio of 1.12 is on the high side and indicates that MODG has dependencies on debt financing.
With a Debt to Equity ratio value of 1.12, MODG 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 | 1.12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.9 |
ROIC/WACC0.28
WACC9.34%
2.3 Liquidity
A Current Ratio of 1.85 indicates that MODG should not have too much problems paying its short term obligations.
MODG has a Current ratio of 1.85. This is comparable to the rest of the industry: MODG outperforms 45.45% of its industry peers.
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 42.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.25 |
3. Growth
3.1 Past
The earnings per share for MODG have decreased strongly by -90.24% in the last year.
MODG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.08% yearly.
The Revenue has decreased by -2.35% in the past year.
MODG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.04% yearly.
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.
Based on estimates for the next years, MODG will show a quite strong growth in Revenue. The Revenue will grow by 9.72% on average per year.
EPS Next Y-293.8%
EPS Next 2Y-94.41%
EPS Next 3Y-44.82%
EPS Next 5Y-6.48%
Revenue Next Year-6.3%
Revenue Next 2Y-2.36%
Revenue Next 3Y0.47%
Revenue Next 5Y9.72%
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 accelerating.
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
A Price/Earnings ratio of 248.00 indicates a quite expensive valuation of MODG.
Compared to the rest of the industry, the Price/Earnings ratio of MODG is on the same level as its industry peers.
MODG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.86.
The Forward Price/Earnings Ratio is negative for MODG. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 248 | ||
| Fwd PE | N/A |
4.2 Price Multiples
93.94% of the companies in the same industry are more expensive than MODG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.31 |
4.3 Compensation for Growth
A cheap valuation may be justified as MODG's earnings are expected to decrease with -44.82% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-94.41%
EPS Next 3Y-44.82%
5. Dividend
5.1 Amount
MODG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
9.92
+0.23 (+2.37%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners66.86%
Inst Owner ChangeN/A
Ins Owners1.93%
Ins Owner Change1.31%
Market Cap1.82B
Analysts71.58
Price Target10.24 (3.23%)
Short Float %9.41%
Short Ratio4.67
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)0%
PT rev (3m)14.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)18.11%
EPS NY rev (1m)0%
EPS NY rev (3m)22.92%
Revenue NQ rev (1m)-0.77%
Revenue NQ rev (3m)-3.7%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-1.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 248 | ||
| Fwd PE | N/A | ||
| P/S | 0.44 | ||
| P/FCF | N/A | ||
| P/OCF | 6.7 | ||
| P/B | 0.73 | ||
| P/tB | 2.59 | ||
| EV/EBITDA | 8.31 |
EPS(TTM)0.04
EY0.4%
EPS(NY)-0.36
Fwd EYN/A
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)1.48
OCFY14.93%
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
WACC9.34%
ROIC/WACC0.28
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-94.41%
EPS Next 3Y-44.82%
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-6.3%
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 Year107.11%
EBIT Next 3Y33.76%
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%