Acushnet Holdings (GOLF) AI Stock Analysis

• Market Cap: $4.39B
• Dividend Yield: 1.2%
• Average Volume (3M): 385.54K
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.98
• Revenue Growth: 3.83%
• EPS Growth: 28.57%
• Country: US
• Employees: 7,300
• Sector: Consumer Cyclical
• Sector Strength: 72
• Industry: Leisure
• EPS (TTM): 1.25
• Shares Outstanding: 58,657,043
• 10 Day Avg. Volume: 435,043
• 30 Day Avg. Volume: 385,538
• 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: 1.20
• Enterprise Value/Revenue: 2.15
• Enterprise Value/Gross Profit: 4.60
• Enterprise Value/Ebitda: 14.08
• 1Y Price Target: $78.83
• Price Target Upside: 5.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 76 Outperform
• Price Target: $85.00 ▲(13.51% Upside)

Acushnet Holdings' strong financial performance and positive earnings call sentiment are significant strengths, driving the overall score. However, technical indicators suggest weak momentum, and valuation metrics indicate moderate attractiveness, slightly tempering the overall outlook.

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. is a global leader in the golf industry, primarily known for its flagship brand Titleist, which specializes in golf balls, clubs, and accessories, as well as the FootJoy brand, renowned for its golf footwear and apparel. The company operates in the sporting goods sector and is dedicated to innovation and quality in its products, catering to both amateur and professional golfers worldwide. Acushnet's commitment to performance and technology is reflected in their extensive range of products designed to enhance the golfing experience.

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 demonstrates strong revenue growth and operational efficiency with stable gross and EBIT margins. However, increased leverage poses potential risks, especially if interest rates rise or revenue growth stalls. Cash flow management requires improvement for greater consistency, particularly in free cash flow.

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
EBITDA	374.38M	360.27M	336.59M	315.15M	295.80M	171.27M
Net Income	225.91M	214.30M	198.43M	199.28M	178.87M	96.01M
Balance Sheet
Total Assets	2.40B	2.18B	2.20B	2.19B	2.01B	1.87B
Cash, Cash Equivalents and Short-Term Investments	40.60M	53.06M	65.44M	58.90M	281.68M	151.45M
Total Debt	944.19M	763.96M	794.09M	567.85M	314.97M	333.93M
Total Liabilities	1.62B	1.38B	1.28B	1.21B	922.27M	849.18M
Stockholders Equity	780.28M	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: Neutral
• Last Price: 74.88
• 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 74.88 is below the 20-day moving average (MA) of 79.84, below the 50-day MA of 75.76, and above the 200-day MA of 69.39, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 39.56 is Neutral, neither overbought nor oversold. The STOCH value of 17.05 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	81 Outperform	$20.60B	100.05	4.38%	―	21.21%	―
GOLF	76 Outperform	$4.39B	20.02	27.51%	1.20%	3.83%	28.57%
JOUT	64 Neutral	$383.92M	―	-8.33%	3.53%	-3.56%	-407.47%
Sector *	61 Neutral	$16.99B	10.66	-7.51%	3.25%	1.53%	-15.49%
NWTG	49 Neutral	$8.13M	―	-184.23%	―	607.22%	49.36%
MODG	47 Neutral	$1.51B	―	-46.53%	―	-2.35%	-7104.57%
YYAI	25 Underperform	$59.85M	―	-124.69%	―	-46.28%	98.15%

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.