Added to YB: 2024-09-16
Pitch date: 2024-09-13
MODG [bullish]
Topgolf Callaway Brands Corp.
+11.98%
current return
Author Info
No bio for this author
Company Info
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally.
Market Cap
$1.7B
Pitch Price
$10.18
Price Target
17.94 (+57%)
Dividend
N/A
EV/EBITDA
7.90
P/E
-1.14
EV/Sales
1.32
Sector
Leisure Products
Category
special_situation
Topgolf Callaway Brands Corp. - $MODG
MODG: Spin-off of Topgolf (40-50% cash-on-cash returns, 2.3yr payback) from golf equipment & activewear could unlock value. Sum-of-parts analysis estimates 95% upside to $17.94/share. Topgolf expansion to 250 venues, Callaway's strong market share, and TravisMathew growth offset Jack Wolfskin struggles. Activist potential.
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