Financials Acushnet Holdings Corp.

Equities

GOLF

US0050981085

Recreational Products

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
62.23 USD +1.07% Intraday chart for Acushnet Holdings Corp. +0.18% -1.49%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,443 3,012 3,908 2,981 4,130 3,940 - -
Enterprise Value (EV) 1 2,811 3,194 3,942 3,490 4,766 4,564 4,553 4,552
P/E ratio 20.3 x 31.7 x 22.3 x 15.4 x 21.5 x 19.3 x 17.4 x 17 x
Yield 1.72% 1.53% 1.24% 1.7% 1.23% 1.37% 1.43% 1.56%
Capitalization / Revenue 1.45 x 1.87 x 1.82 x 1.31 x 1.73 x 1.59 x 1.54 x 1.5 x
EV / Revenue 1.67 x 1.98 x 1.84 x 1.54 x 2 x 1.85 x 1.77 x 1.73 x
EV / EBITDA 11.7 x 13.7 x 12 x 10.3 x 12.7 x 11.6 x 11 x 10.8 x
EV / FCF 31.9 x 14.2 x 14.3 x -27 x 16.1 x 16 x 15.8 x 15 x
FCF Yield 3.14% 7.03% 7.02% -3.7% 6.22% 6.27% 6.35% 6.68%
Price to Book 2.6 x 3.28 x 3.69 x 3.43 x 4.64 x 4.55 x 4.22 x 3.89 x
Nbr of stocks (in thousands) 75,165 74,295 73,630 70,209 65,378 63,318 - -
Reference price 2 32.50 40.54 53.08 42.46 63.17 62.23 62.23 62.23
Announcement Date 2/27/20 2/25/21 3/1/22 3/1/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,681 1,612 2,148 2,270 2,382 2,471 2,566 2,627
EBITDA 1 240.1 233.2 328.3 338.4 376.1 394.7 414.2 420
EBIT 1 185.7 145.5 259.8 281.5 285.3 312.8 331.2 330
Operating Margin 11.04% 9.02% 12.1% 12.4% 11.98% 12.66% 12.9% 12.56%
Earnings before Tax (EBT) 1 165.2 113 247.8 259.4 241.6 264.9 280.7 289.8
Net income 1 121.1 96.01 178.9 199.3 198.4 204.8 218.5 225.1
Net margin 7.2% 5.96% 8.33% 8.78% 8.33% 8.29% 8.52% 8.57%
EPS 2 1.600 1.280 2.380 2.750 2.940 3.230 3.575 3.665
Free Cash Flow 1 88.24 224.4 276.5 -129.2 296.5 285.9 289 304
FCF margin 5.25% 13.92% 12.87% -5.69% 12.45% 11.57% 11.26% 11.57%
FCF Conversion (EBITDA) 36.75% 96.25% 84.22% - 78.82% 72.45% 69.77% 72.38%
FCF Conversion (Net income) 72.88% 233.78% 154.59% - 149.41% 139.63% 132.22% 135.08%
Dividend per Share 2 0.5600 0.6200 0.6600 0.7200 0.7800 0.8500 0.8900 0.9700
Announcement Date 2/27/20 2/25/21 3/1/22 3/1/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 521.6 420.6 606.1 658.6 558.2 447.4 686.3 689.4 593.4 413 689.2 716.2 619.4 446 738.7
EBITDA 1 70.25 -4.965 120 106.5 86.54 25.41 146.8 132.1 98.79 -1.499 134.7 143.4 108.2 8.386 153
EBIT 1 52.49 -21.92 105.4 88.55 76.01 11.61 124.9 106.5 78.6 -24.69 115.1 123.6 88.33 -11.67 133.1
Operating Margin 10.06% -5.21% 17.39% 13.44% 13.62% 2.59% 18.2% 15.45% 13.25% -5.98% 16.7% 17.26% 14.26% -2.62% 18.01%
Earnings before Tax (EBT) 1 50.4 -24.13 102.8 84.31 69.12 3.239 114.3 95.11 68.3 -36.16 101.7 112.7 75.92 -23.22 113.6
Net income 1 39.26 -26.43 81.04 66.45 51.84 -0.058 93.28 74.66 57.31 -26.81 79.25 88.48 58.22 -19.82 94.35
Net margin 7.53% -6.29% 13.37% 10.09% 9.29% -0.01% 13.59% 10.83% 9.66% -6.49% 11.5% 12.35% 9.4% -4.44% 12.77%
EPS 2 0.5200 -0.3600 1.100 0.9100 0.7200 -0.000800 1.360 1.090 0.8500 -0.4100 1.237 1.370 0.9008 -0.2965 1.520
Dividend per Share 2 0.1650 0.1650 0.1800 0.1800 0.1800 0.1800 0.1950 0.1950 0.1950 0.1950 0.2100 0.2100 0.2100 0.2100 -
Announcement Date 11/4/21 3/1/22 5/5/22 8/4/22 11/3/22 3/1/23 5/4/23 8/3/23 11/2/23 2/29/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 368 182 33.3 509 636 624 613 612
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.533 x 0.7825 x 0.1014 x 1.504 x 1.69 x 1.58 x 1.48 x 1.456 x
Free Cash Flow 1 88.2 224 277 -129 296 286 289 304
ROE (net income / shareholders' equity) 13.4% 9.91% 17.7% 20.1% 21.1% 22.7% 23.2% 24.2%
ROA (Net income/ Total Assets) 6.9% - - 9.49% 9.45% 9.02% 9.2% -
Assets 1 1,754 - - 2,100 2,100 2,270 2,376 -
Book Value Per Share 2 12.50 12.40 14.40 12.40 13.60 13.70 14.70 16.00
Cash Flow per Share - - - - - - - -
Capex 1 33 24.7 37.6 61.4 75.4 82.1 76.8 76
Capex / Sales 1.96% 1.53% 1.75% 2.7% 3.16% 3.32% 2.99% 2.89%
Announcement Date 2/27/20 2/25/21 3/1/22 3/1/23 2/29/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
62.23 USD
Average target price
70.79 USD
Spread / Average Target
+13.75%
Consensus
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  4. Financials Acushnet Holdings Corp.