Acushnet Company, Inc. manufactures and markets golf products to customers in the United States and internationally. It offers golf balls, clubs, shoes, gloves, outerwear, socks, putters, gear, and accessories, as well as apparel for men, women, and kids. The company was founded in 1910 and is based in Fairhaven, Massachusetts.
GOLF Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for GOLF, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Acushnet Holdings Corp ranked in the 59th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for GOLF, they are:
89% of the company's capital comes from equity, which is greater than 70.93% of stocks in our cash flow based forecasting set.
Acushnet Holdings Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 7.78. This coverage rate is greater than that of 71.57% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Consumer Cyclical), Acushnet Holdings Corp has a reliance on debt greater than only 17.41% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
FLXS, BWA, NCMI, SON, and GFASY can be thought of as valuation peers to GOLF, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
The COVID-19 pandemic has led to a surge in the number of rounds of golf played and golf equipment purchased.What Happened: A report from the National Golf Foundation shows the impact of the COVID-19 pandemic on the golf industry.Rounds of golf played in October were up 32% year-over-year. Through October, rounds of golf played were up 10.8% year-over-year.Most years see only a 1%-2% rise or fall in the number of rounds of golf played. The last five years of 2015 to 2019 have shown year-over-year changes of +1.8%, +0.6%, -2.7%, -4.8% and +1.5%, respectively.More than 50 million additional rounds of golf have been played in 2020.The last time a year-over-year increase of this size was recorded was 1997, which was Tiger Woods' breakout year.More golf facilities surveyed are saying they ar...
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