Professional
Added to YB: 2025-10-20
Pitch date: 2025-10-16
MODG [neutral]
Topgolf Callaway Brands Corp.
+27.4%
current return
Author Info
The Lion's Roar is searching for the next long/short idea. Primarily US, SMID cap focused, but looking for value everywhere. Sign up for the newsletter.
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
$9.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.90
P/E
-1.14
EV/Sales
1.32
Sector
Leisure Products
Category
special_situation
The Lion's Roar - Outside the Box Investments | Q3 2025 Investor Letter - Topgolf Callaway Brands Corp.
MODG (holding update): Golf equipment/apparel biz performs well while Topgolf venues underperformed post-2021 acquisition. Topgolf CEO departure raises sale probability vs delayed spinoff. Standalone clubs/balls biz would trade ~6x EPS (too cheap for premium brand). Toptracer expansion potential. Sale proceeds could fund major buybacks.
Read full article (1 min)