Acushnet Holdings (GOLF) AI Stock Analysis

• Market Cap: $4.50B
• Dividend Yield: 1.25%
• Average Volume (3M): 430.94K
• Price to Earnings (P/E): 20.5
• Beta (1Y): 0.99
• Revenue Growth: 3.83%
• EPS Growth: 28.57%
• Country: US
• Employees: 7,300
• Sector: Consumer Cyclical
• Sector Strength: 81
• Industry: Leisure
• EPS (TTM): 1.25
• Shares Outstanding: 58,657,043
• 10 Day Avg. Volume: 414,534
• 30 Day Avg. Volume: 430,936
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 2.12
• Enterprise Value/Gross Profit: 4.67
• Enterprise Value/Ebitda: 13.96
• 1Y Price Target: $77.60
• Price Target Upside: 4.16% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: $88.00 ▲(18.12% Upside)

Acushnet Holdings' strong financial performance, particularly in revenue growth and profitability, is the most significant factor driving the score. Technical indicators suggest a neutral market position, while valuation metrics indicate potential overvaluation. The earnings call provided a balanced view with both positive sales growth and challenges from tariff costs. Overall, the stock is in a solid position but faces some risks.

Positive Factors

Market Performance

GOLF shares have delivered an annualized return of 20%, outperforming the S&P 500's 15% return over the same period.

Negative Factors

Earnings Growth

While GOLF's EBITDA CAGR grew approximately 12% from 2019 to 2023, it is expected to slow to around 7% between 2023 and 2025.

Online Engagement

GOLF's web traffic dropped 21.3% YoY in August, indicating a clear downward trend in online engagement.

Acushnet Holdings Business Overview & Revenue Model

Company Description

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. It offers golf balls under the Titleist brand; golf clubs, such as drivers, fairways, hybrids, and irons under the Titleist brand name; wedges under the Vokey Design brand; and putters under the Scotty Cameron brand. The company also provides golf bags, headwear, golf gloves, travel products, head covers, and other golf accessories, as well as offers customization and personalization of products in Titleist golf gear. In addition, it offers golf shoes, gloves, golf outerwear, and men's and women's golf apparels under the FootJoy brand; and ski, golf, and lifestyle apparels under the KJUS brand name. It sells its products through on-course golf shops and golf specialty retailers, as well as through representatives, other retailers, and online. The company was formerly known as Alexandria Holdings Corp. and changed its name to Acushnet Holdings Corp. in March 2016. Acushnet Holdings Corp. was founded in 1910 and is headquartered in Fairhaven, Massachusetts.

How the Company Makes Money

Acushnet generates revenue primarily through the sale of golf-related products under its Titleist and FootJoy brands. The company has multiple key revenue streams, including the sale of golf balls, clubs, and accessories, which contribute significantly to its earnings. Titleist golf balls, known for their quality and performance, are a major revenue driver, while FootJoy's golf shoes and apparel also represent a substantial portion of sales. Additionally, Acushnet benefits from a strong distribution network, including partnerships with golf retailers and pro shops, which helps to maximize market reach. The company invests in marketing and sponsorships within the golf community to maintain brand presence and loyalty, further enhancing its revenue generation capabilities.

Acushnet Holdings Financial Statement Overview

Summary

Acushnet Holdings shows strong revenue growth and profitability, with effective cost management reflected in its gross profit margin. The balance sheet is stable, though increased debt levels in the TTM period warrant attention. Cash flow management needs improvement, as evidenced by the recent decline in operating cash flow. Overall, the company is in a solid financial position but should focus on enhancing operational efficiency and cash flow stability.

Income Statement

Acushnet Holdings demonstrates strong revenue growth, particularly in the TTM period with a significant increase. The gross profit margin remains robust, indicating effective cost management. However, the EBIT margin in the TTM period is notably low, suggesting potential inefficiencies or increased operating expenses.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. Return on equity is strong, reflecting efficient use of shareholder funds. However, the increase in total debt in the TTM period could pose a risk if not managed carefully.

Cash Flow

Operating cash flow has been inconsistent, with a significant drop in the TTM period. Free cash flow growth is negative, which could impact future investments. The free cash flow to net income ratio remains positive, indicating some level of cash generation efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.49B	2.46B	2.38B	2.27B	2.15B	1.61B
Gross Profit	1.13B	1.19B	1.25B	1.18B	1.12B	829.84M
EBITDA	377.61M	360.27M	336.59M	315.15M	295.80M	171.27M
Net Income	230.04M	214.30M	198.43M	199.28M	178.87M	96.01M
Balance Sheet
Total Assets	2.40T	2.18B	2.20B	2.19B	2.01B	1.87B
Cash, Cash Equivalents and Short-Term Investments	60.05B	53.06M	65.44M	58.90M	281.68M	151.45M
Total Debt	932.53B	763.96M	794.09M	627.86M	363.05M	390.93M
Total Liabilities	1.58T	1.38B	1.28B	1.21B	922.27M	849.18M
Stockholders Equity	808.52B	765.25M	864.24M	939.06M	1.04B	984.08M
Cash Flow
Free Cash Flow	96.94M	170.48M	296.46M	-194.15M	276.52M	239.75M
Operating Cash Flow	174.60M	245.11M	371.83M	-67.79M	314.12M	264.43M
Investing Cash Flow	-78.31M	-74.62M	-101.49M	-140.22M	-37.60M	-24.68M
Financing Cash Flow	-118.80M	-179.68M	-264.73M	-8.58M	-140.33M	-128.59M

Acushnet Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 74.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOLF, the sentiment is Neutral. The current price of 74.5 is below the 20-day moving average (MA) of 77.90, below the 50-day MA of 77.90, and above the 200-day MA of 70.52, indicating a neutral trend. The MACD of -0.31 indicates Positive momentum. The RSI at 40.18 is Neutral, neither overbought nor oversold. The STOCH value of 8.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GOLF.

Acushnet Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AS	77 Outperform	$21.78B	95.53	4.71%	―	22.86%	―
GOLF	74 Outperform	$4.50B	20.49	27.51%	1.25%	3.83%	28.57%
JOUT	67 Neutral	$413.78M	―	-8.33%	3.37%	-3.56%	-407.47%
Sector *	61 Neutral	$17.87B	13.25	-4.88%	3.05%	1.25%	-14.67%
MODG	57 Neutral	$1.76B	―	-46.53%	―	-2.35%	-7104.57%
NWTG	46 Neutral	$9.08M	―	-259.77%	―	304.51%	75.05%
YYAI	25 Underperform	$46.75M	―	-34.34%	―	-12.61%	97.57%

Acushnet Holdings Corporate Events

Acushnet Holdings Annual Meeting and Board Elections

On June 2, 2025, Acushnet Holdings held its Annual Meeting of Stockholders, where several key proposals were voted on. Stockholders elected the director nominees to the Board, ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, approved executive compensation for fiscal year 2024, and approved the Amended and Restated 2015 Omnibus Incentive Plan.