Acushnet Holdings Corp.
Find Ratings ReportsACUSHNET HOLDINGS CORP's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not. ACUSHNET HOLDINGS CORP has weak liquidity. Currently, the Quick Ratio is 0.59 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 7.96% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 412.96 | 447.4 |
EBITDA ($mil) | -11.52 | 22.42 |
EBIT ($mil) | -24.69 | 11.61 |
Net Income ($mil) | -26.81 | -0.06 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 65.44 | 62.84 |
Total Assets ($mil) | 2196.68 | 2193.81 |
Total Debt ($mil) | 671.82 | 627.86 |
Equity ($mil) | 864.24 | 939.06 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 53.14 | 51.95 |
EBITDA Margin | -2.78 | 5.01 |
Operating Margin | -5.98 | 2.59 |
Sales Turnover | 1.08 | 1.03 |
Return on Assets | 9.03 | 9.08 |
Return on Equity | 22.96 | 21.22 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.21 | 1.93 |
Debt/Capital | 0.44 | 0.4 |
Interest Expense | 11.05 | 5.37 |
Interest Coverage | -2.23 | 2.16 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 63.43 | 67.43 |
Div / share | 0.2 | 0.18 |
EPS | -0.41 | 0.0 |
Book value / share | 13.63 | 13.93 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 289905.0 | 303196.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 49.88 for the Miscellaneous Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 4.55 indicates valuation on par with the S&P 500 average of 4.68 and a discount versus the subsector average of 4.96. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ACUSHNET HOLDINGS CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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GOLF 21.46 | Peers 49.88 | GOLF 10.58 | Peers 33.16 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. GOLF is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. GOLF is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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GOLF 17.47 | Peers 24.07 | GOLF 2.34 | Peers 0.91 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. GOLF is trading at a discount to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. GOLF trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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GOLF 4.55 | Peers 4.96 | GOLF 5.86 | Peers 126.83 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. GOLF is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, GOLF is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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GOLF 1.65 | Peers 6.41 | GOLF 4.91 | Peers 8.91 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. GOLF is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. GOLF significantly trails its peers on the basis of sales growth. |
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