Acushnet Holdings (GOLF) AI Stock Analysis

• Market Cap: $4.84B
• Dividend Yield: 1.14%
• Average Volume (3M): 306.11K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 0.83
• Revenue Growth: 4.20%
• EPS Growth: 24.12%
• Country: US
• Employees: 7,300
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 0.81
• Shares Outstanding: 58,661,327
• 10 Day Avg. Volume: 347,100
• 30 Day Avg. Volume: 306,107
• PEG Ratio: 1.48
• Price to Book (P/B): 5.88
• Price to Sales (P/S): 1.83
• P/FCF Ratio: 26.41
• Enterprise Value/Market Cap: 1.15
• Enterprise Value/Revenue: 2.19
• Enterprise Value/Gross Profit: 4.98
• Enterprise Value/Ebitda: 14.36
• 1Y Price Target: $78.25
• Price Target Upside: -5.09% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 3.42
• Revenue Forecast (FY): $2.53B

• Rating: 74 Outperform
• Price Target: $94.00 ▲(14.01% Upside)

Acushnet Holdings demonstrates strong technical momentum and solid earnings growth, particularly in key product segments and regions. However, profitability challenges and valuation concerns slightly temper the outlook. The company's ability to manage cost pressures and leverage will be crucial for future performance.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, enhancing the company's market position and long-term viability.

Cash Generation

Strong cash generation supports reinvestment in business operations and provides financial flexibility for strategic initiatives and debt management.

Product Innovation

Ongoing product innovation, such as new Titleist T-Series irons, strengthens brand loyalty and competitive advantage, driving sustained growth.

Negative Factors

Gross Margin Pressure

Decreasing gross margins due to tariff costs can erode profitability, necessitating cost management to maintain financial health.

Increased Debt Levels

Rising debt levels from new senior notes could increase financial risk and interest obligations, impacting long-term financial stability.

Japan Market Challenges

Declining sales in Japan highlight regional market challenges, potentially affecting overall revenue growth and requiring strategic adjustments.

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 its golf equipment and apparel. The core revenue streams include the sale of Titleist golf balls, which are known for their performance and quality, as well as Titleist golf clubs and FootJoy golf footwear and apparel. The company leverages its strong brand equity and loyal customer base to drive sales, with a focus on innovation in product development. Strategic partnerships with professional golfers and sponsorships enhance brand visibility and credibility, further contributing to sales. Additionally, Acushnet benefits from a diversified distribution network, including pro shops, sporting goods retailers, and e-commerce platforms, allowing the company to reach a wide range of customers in various markets.

Acushnet Holdings Financial Statement Overview

Summary

Acushnet Holdings shows strong revenue growth and cash generation capabilities, but faces challenges with profitability margins and increased leverage. The company needs to address cost management and leverage to maintain financial stability and capitalize on growth opportunities in the leisure industry.

Income Statement

Acushnet Holdings has demonstrated strong revenue growth, particularly in the TTM period, with a remarkable increase of over 83,000%. Gross profit margins have remained stable around 48-52%, indicating consistent profitability. However, net profit margins are extremely low in the TTM period, suggesting potential issues with cost management or extraordinary expenses. EBIT and EBITDA margins have also decreased significantly in the TTM period, which could be a concern if not addressed.

Balance Sheet

The company's debt-to-equity ratio has increased over time, reaching 1.06 in the TTM period, indicating higher leverage. This could pose a risk if interest rates rise or if the company faces cash flow challenges. Return on equity has decreased significantly in the TTM period, reflecting lower profitability relative to equity. However, the equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

Acushnet Holdings has shown impressive free cash flow growth in the TTM period, indicating strong cash generation capabilities. However, the operating cash flow to net income ratio has decreased, suggesting potential inefficiencies in converting income to cash. The free cash flow to net income ratio remains healthy, indicating that the company is generating sufficient cash relative to its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.53B	2.46B	2.38B	2.27B	2.15B	1.61B
Gross Profit	1.11B	1.19B	1.25B	1.18B	1.12B	829.84M
EBITDA	385.72M	360.27M	336.59M	315.15M	295.80M	171.27M
Net Income	222.33M	214.30M	198.43M	199.28M	178.87M	96.01M
Balance Sheet
Total Assets	2.35B	2.18B	2.20B	2.19B	2.01B	1.87B
Cash, Cash Equivalents and Short-Term Investments	89.48M	53.06M	65.44M	58.90M	281.68M	151.45M
Total Debt	901.73M	763.96M	701.17M	567.85M	314.97M	333.93M
Total Liabilities	1.50B	1.38B	1.28B	1.21B	922.27M	849.18M
Stockholders Equity	852.27M	765.25M	864.24M	939.06M	1.04B	984.08M
Cash Flow
Free Cash Flow	110.14M	170.48M	271.23M	-194.15M	276.52M	239.75M
Operating Cash Flow	193.59M	245.11M	371.83M	-67.79M	314.12M	264.43M
Investing Cash Flow	-83.45M	-74.62M	-101.49M	-140.22M	-37.60M	-24.68M
Financing Cash Flow	-118.23M	-179.68M	-264.73M	-8.58M	-140.33M	-128.59M

Acushnet Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 82.45
• 50DMA: Positive
• 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 Positive. The current price of 82.45 is below the 20-day moving average (MA) of 83.60, above the 50-day MA of 80.94, and above the 200-day MA of 74.16, indicating a neutral trend. The MACD of 0.86 indicates Positive momentum. The RSI at 49.38 is Neutral, neither overbought nor oversold. The STOCH value of 19.70 is Positive, 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	74 Outperform	$4.84B	22.55	25.91%	1.14%	4.20%	24.12%
MODG	64 Neutral	$2.24B	-1.49	-46.95%	―	-3.58%	-12720.97%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JOUT	60 Neutral	$452.77M	-13.11	-7.78%	3.22%	-0.07%	-31.45%
NWTG	46 Neutral	$7.84M	-0.06	-383.63%	―	178.32%	70.79%

Acushnet Holdings Corporate Events

Acushnet Holdings Issues $500M Senior Notes

On November 24, 2025, Acushnet Holdings Corp.’s subsidiary, Acushnet Company, issued $500 million in senior notes due 2033 with a 5.625% interest rate. The proceeds will be used to redeem existing notes, repay part of a credit facility, and cover related expenses. Additionally, Acushnet amended its credit agreement to establish a $950 million revolving credit facility maturing in 2030, with various sublimits for international borrowings. This strategic financial restructuring aims to optimize Acushnet’s debt profile and enhance its financial flexibility.

Acushnet Holdings Announces $500M Senior Notes Pricing

On November 12, 2025, Acushnet Holdings Corp. announced the pricing of $500 million in senior notes due 2033 through its subsidiary, Acushnet Company. The proceeds will be used to redeem $350 million of outstanding senior notes due 2028, repay part of a revolving credit facility, and cover related fees. The redemption of the 2028 notes is conditional upon the successful completion of the new notes offering, expected around November 24, 2025.

Acushnet Holdings Plans $500M Senior Notes Offering

On November 12, 2025, Acushnet Holdings Corp. announced its subsidiary, Acushnet Company, plans to raise $500 million through an offering of senior notes due 2033. The proceeds will be used to refinance existing debt, including redeeming outstanding 7.375% Senior Notes due 2028 and repaying part of its revolving secured credit facility. The move aims to optimize the company’s financial structure, though it remains subject to market conditions and customary approvals.