Added to YB: 2025-03-17
Pitch date: 2025-01-27
GOLF [bearish]
Acushnet Holdings Corp.
-26.55%
current return
Author Info
No bio for this author
Company Info
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally.
Market Cap
$3.6B
Pitch Price
$67.02
Price Target
45.00 (-47%)
Dividend
1.55%
EV/EBITDA
11.89
P/E
17.99
EV/Sales
1.81
Sector
Leisure Products
Category
value
Acushnet Holdings Corp. - $GOLF
GOLF short: COVID winner facing headwinds. EBIT margins unsustainable, esp. in equipment. Golf rounds likely to decline due to return-to-office, pickleball competition, pro golf uncertainty. Structural challenges remain. Price target $45 vs $70 current, assuming $250M EBIT, 10x EBITDA multiple.
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