Acushnet Holdings (GOLF) AI Stock Analysis

• Market Cap: $4.18B
• Dividend Yield: 1.24%
• Average Volume (3M): 416.82K
• Price to Earnings (P/E): 19.7
• Beta (1Y): 1.00
• Revenue Growth: 2.07%
• EPS Growth: 24.87%
• Country: US
• Employees: 7,300
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Leisure
• EPS (TTM): 1.62
• Shares Outstanding: 58,766,254
• 10 Day Avg. Volume: 380,946
• 30 Day Avg. Volume: 416,824
• PEG Ratio: 1.48
• Price to Book (P/B): 5.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 26.41
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 0.51
• Enterprise Value/Gross Profit: 4.33
• Enterprise Value/Ebitda: 3.53
• 1Y Price Target: $66.20
• Price Target Upside: -9.55% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 81 Outperform
• Price Target: $81.00 ▲(10.67%Upside)

Acushnet Holdings shows strong financial performance with robust revenue growth and operational efficiency. The technical indicators suggest a strong bullish trend, though caution is advised due to overbought signals. Valuation appears reasonable, offering a balanced view of growth potential and current earnings. The earnings call provides a positive outlook, despite challenges in certain segments and macroeconomic uncertainties. Overall, the company is well-positioned, but attention to rising leverage and cash flow stability is necessary.

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. (GOLF) is a leading designer, manufacturer, and marketer of golf products, primarily recognized for its premium brands. The company operates in the golf sector and is known for its diverse portfolio of golf equipment and apparel, which includes the Titleist golf balls, clubs, and gear, as well as FootJoy shoes and gloves. Acushnet is dedicated to serving the needs of dedicated golfers and golf shops worldwide, delivering high-performance products that enhance the game.

How the Company Makes Money

Acushnet Holdings generates revenue through the sale of its golf products, which are segmented primarily into golf balls, golf clubs, and golf wear. The company is renowned for its Titleist brand golf balls, which are a significant contributor to its revenue, often seen as the gold standard in the industry. Additionally, Acushnet makes money through its FootJoy brand, which includes golf shoes, gloves, and apparel, catering to both professional and amateur golfers. The company sells its products through various channels, including pro shops, sporting goods retailers, and direct-to-consumer e-commerce platforms. Strategic partnerships and endorsements with professional golfers also play a crucial role in promoting brand recognition and driving sales. Overall, Acushnet's revenue model is anchored in product innovation, brand loyalty, and a strong distribution network.

Acushnet Holdings Financial Statement Overview

Summary

Acushnet Holdings exhibits robust revenue growth and operational efficiency, with stable gross and EBIT margins. The balance sheet reflects increased leverage, which could pose risks if interest rates rise or revenue growth stalls. Cash flow management shows potential for improvement, particularly in free cash flow consistency. Overall, the financial health appears solid, but attention to rising leverage and cash flow stability is advisable.

Income Statement

Acushnet Holdings has demonstrated strong revenue growth over the years, with a notable increase from $1.61 billion in 2020 to $2.45 billion in the TTM period of 2025. The gross profit margin remains healthy, consistently above 45%, indicating efficient cost management. However, the net profit margin showed some fluctuations, currently at 9.2% for TTM, which might suggest potential challenges in managing operating expenses or interest costs. EBIT and EBITDA margins are stable, reflecting consistent operational efficiency.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, increasing from 0.32 in 2020 to 1.21 in TTM 2025, suggesting increased leverage. The equity ratio has declined to 32.5% in TTM 2025 from 52.6% in 2020, indicating a higher reliance on debt financing. Return on equity is relatively strong at 28.9% in TTM 2025, reflecting effective utilization of equity financing. However, the rising debt levels may pose risks if not managed properly.

Cash Flow

Acushnet Holdings has seen fluctuating free cash flow, with a decrease from $276.5 million in 2021 to $155.8 million in TTM 2025. The operating cash flow to net income ratio is strong, suggesting good cash conversion from earnings. However, the free cash flow growth rate shows variability, which could impact long-term investment and dividend capacity. The company should focus on stabilizing free cash flow to ensure financial flexibility.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.45B	2.46B	2.38B	2.27B	2.15B	1.61B
	Gross Profit
1.15B	1.19B	1.25B	1.18B	1.12B	829.84M
	EBIT
297.43M	304.26M	285.31M	281.53M	259.81M	145.46M
	EBITDA
374.38M	360.27M	336.59M	315.15M	295.80M	171.27M
	Net Income Common Stockholders
225.91M	214.30M	198.43M	199.28M	178.87M	96.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
58.90M	53.06M	65.44M	58.90M	281.68M	151.45M
	Total Assets
2.19B	2.18B	2.20B	2.19B	2.01B	1.87B
	Total Debt
567.85M	763.96M	794.09M	567.85M	314.97M	333.93M
	Net Debt
508.94M	710.90M	728.65M	508.94M	33.29M	182.48M
	Total Liabilities
1.21B	1.38B	1.28B	1.21B	922.27M	849.18M
	Stockholders Equity
939.06M	765.25M	864.24M	939.06M	1.04B	984.08M
Cash Flow		Free Cash Flow
155.76M	170.48M	271.23M	-194.15M	276.52M	239.75M
	Operating Cash Flow
234.37M	245.11M	371.83M	-67.79M	314.12M	264.43M
	Investing Cash Flow
-78.61M	-74.62M	-101.49M	-140.22M	-37.60M	-24.68M
	Financing Cash Flow
-163.11M	-179.68M	-264.73M	-8.58M	-140.33M	-128.59M

Acushnet Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 73.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOLF, the sentiment is Positive. The current price of 73.19 is above the 20-day moving average (MA) of 70.05, above the 50-day MA of 66.06, and above the 200-day MA of 66.66, indicating a bullish trend. The MACD of 1.38 indicates Negative momentum. The RSI at 65.98 is Neutral, neither overbought nor oversold. The STOCH value of 85.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GOLF.

Acushnet Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOLF	81 Outperform	$4.18B	19.74	27.15%	1.24%	2.07%	24.87%
Sector *	63 Neutral	$6.96B	11.51	2.80%	3.85%	2.70%	-24.43%
JOUT	60 Neutral	$297.31M	―	-9.70%	4.61%	-7.28%	-924.86%
AS	58 Neutral	$20.96B	101.78	4.38%	―	21.21%	―
MODG	54 Neutral	$1.41B	―	-46.00%	―	-1.74%	-2020.38%
NWTG	47 Neutral	$7.45M	―	-184.23%	―	607.22%	49.36%
YYAI	25 Underperform	$12.66M	―	-124.69%	―	-45.46%	96.89%

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.

The most recent analyst rating on (GOLF) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Acushnet Holdings stock, see the GOLF Stock Forecast page.