Topgolf Callaway Brands: Cheap Valuation Relative To Peers Post Earnings [Seeking Alpha]
Acushnet Holdings Corp. (GOLF)
Last acushnet holdings corp. earnings: 2/27 06:19 am
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US:NASDAQ Investor Relations:
acushnetholdingscorp.com/investors/overview/default.aspx
Company Research
Source: Seeking Alpha
Despite the rally this week, shares are still down over 50% since its all-time highs in 2021. MODG's EV/EBITDA multiple is now considerably below its direct peer, Acushnet Holdings. Many attribute MODG's share price decline to increased debt levels, lower profit margins, and growth concerns. Ultimately, I believe a pairs trade between MODG and GOLF could present an interesting short-term opportunity. Summary Shares of Topgolf Callaway Brands Corp. ( NYSE: MODG ) are down more than 50% since its all-time highs set in 2021. The widely known golf company reported better than expected revenue this week, sending shares higher. Despite this, Wall Street is still skeptical on the longer-term plans with Topgolf Management's expansion plans have been expensive and unsurprisingly have impacted bottom-line earnings and short-term valuations. However, I think the sell-off over the past few years could be overdone for a few reasons, especially when looking at competitors. Some keynotes:
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GOLF
News
- Acushnet Holdings: Upside Will Be More Limited From Here (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Acushnet Holdings Corp. to Announce First Quarter 2024 Financial Results on May 7, 2024Business Wire
- At US$62.12, Is Acushnet Holdings Corp. (NYSE:GOLF) Worth Looking At Closely? [Yahoo! Finance]Yahoo! Finance
- The Return Trends At Acushnet Holdings (NYSE:GOLF) Look Promising [Yahoo! Finance]Yahoo! Finance
- Investing in Acushnet Holdings (NYSE:GOLF) five years ago would have delivered you a 192% gain [Yahoo! Finance]Yahoo! Finance
GOLF
Earnings
- 3/1/24 - Miss
GOLF
Sec Filings
- 4/19/24 - Form DEF
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- GOLF's page on the SEC website