MODG

Topgolf Callaway Brands Corp

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Advanced Chart

9.800

-0.09(-0.910%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

9.995

Open

9.940

VWAP

Vol

1.88M

Mkt Cap

1.80B

Low

9.740

Amount

EV/EBITDA(TTM)

9.43

Total Shares

183.57M

4.53B

EV/OCF(TTM)

12.25

P/S(TTM)

0.44

Topgolf Callaway Brands Corp. is a tech-enabled golf and active lifestyle company. The Company is engaged in delivering golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Odyssey and OGIO. The Company provides golf entertainment experiences, designs and manufactures golf equipment, and sells golf and active lifestyle apparel and other accessories through its family of brand names. Its segments include Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment includes the operations of its Company-owned and operated and franchised Topgolf venues and Toptracer ball-flight tracking technology (Toptracer). The Golf Equipment segment includes the operations of its golf clubs and golf balls business under the Callaway Golf and Odyssey brand names. The Active Lifestyle segment includes the operations of its soft goods business marketed under the Callaway Golf, TravisMathew, and OGIO brand names.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

779.23M

-15.7%

-0.447

+35.35%

869.03M

-14.2%

-0.267

-1433.35%

1.08B

-7.1%

0.027

-93.65%

Estimates Revision

The market is revising Downward the revenue expectations for Topgolf Callaway Brands Corp. (MODG) for FY2025, with the revenue forecasts being adjusted by -6.1% over the past three months. During the same period, the stock price has changed by 44.33%.

Revenue Estimates for FY2025

Revise Downward

-6.1%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.81%

In Past 3 Month

Stock Price

Go Up

+44.33%

In Past 3 Month

9 Analyst Rating

-11.33% Downside

Wall Street analysts forecast MODG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MODG is 8.69 USD with a low forecast of 7.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

7 Hold

0 Sell

Hold

-11.33% Downside

Current: 9.800

Low

7.00

Averages

8.69

High

10.00

-11.33% Downside

Current: 9.800

Low

7.00

Averages

8.69

High

10.00

Morgan Stanley

Simeon Gutman

Underweight

Equal Weight

upgrade

2025-07-18

Reason

Morgan Stanley

Simeon Gutman

Price Target

2025-07-18

upgrade

Underweight

Equal Weight

Reason

Morgan Stanley analyst Simeon Gutman upgraded Topgolf Callaway to Equal Weight from Underweight with a price target of $9.50, up from $6, as the analyst took over coverage of the stock. The analyst views Topgolf Callaway as a premier golf equipment and active lifestyle franchise clouded by high leverage and underperformance at TopGolf and believes the market is ascribing "negative or no value to TopGolf at present." However, a successful separation should unlock value in the "core" franchise, the analyst argues.

Texas Capital

Eric Wold

Hold

initiated

2025-07-09

Reason

Texas Capital

Eric Wold

Price Target

2025-07-09

initiated

Hold

Reason

Texas Capital analyst Eric Wold initiated coverage of Topgolf Callaway with a Hold rating and $8 price target. The company should continue to benefit from the post-pandemic strength in golf participation, the analyst tells investors in a research note. However, the firm believes Topgolf same-venue sales will remain pressured heading into 2026, due to a decline in corporate event spending and consumer spending headwinds. This will "keep a lid" on the shares, Texas Capital contends.

JPMorgan

Matthew Boss

Neutral

downgrade

$8 -> $7

2025-05-27

Reason

JPMorgan

Matthew Boss

Price Target

$8 -> $7

2025-05-27

downgrade

Neutral

Reason

JPMorgan analyst Matthew Boss lowered the firm's price target on Topgolf Callaway to $7 from $8 and keeps a Neutral rating on the shares.

B. Riley

Neutral

initiated

2025-05-16

Reason

B. Riley

Price Target

2025-05-16

initiated

Neutral

Reason

B. Riley took over coverage of Topgolf Callaway with a Neutral rating and $7 price target. The firm views the planned separation of Topgolf from the core business positively, as it sees the incremental model complexity and mixed strategic focus as outweighing the positive synergistic opportunity. However, given the uncertainty surrounding the transaction, the shares will remain range-bound as investors await greater clarity on the ultimate structure of the separation, the analyst tells investors in a research note.

Roth Capital

Buy

downgrade

$11 -> $10

2025-05-13

Reason

Roth Capital

Price Target

$11 -> $10

2025-05-13

downgrade

Buy

Reason

Roth Capital lowered the firm's price target on Topgolf Callaway to $10 from $11 and keeps a Buy rating on the shares after its Q1 results and affirmed guidance. The company's results and trends remain mixed, but the firm sees value in its portfolio and believes that a Topgolf sale is the most likely outcome of the ongoing strategic review, the analyst tells investors in a research note.

Truist

Michael Swartz

Buy

maintain

$7 -> $10

2025-05-13

Reason

Truist

Michael Swartz

Price Target

$7 -> $10

2025-05-13

maintain

Buy

Reason

Truist analyst Michael Swartz raised the firm's price target on Topgolf Callaway to $10 from $7 and keeps a Buy rating on the shares. The company reported a solid Q1 print and reiterated consolidated FY25 guidance, and while the management trimmed its Topgolf revenue/same-venue-sales outlooks for the year, the firm is positive on the decision to prioritize growth vs. margins in the near term, the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Topgolf Callaway Brands Corp (MODG.N) is -18.90, compared to its 5-year average forward P/E of 180.19. For a more detailed relative valuation and DCF analysis to assess Topgolf Callaway Brands Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

180.19

Current PE

-18.90

Overvalued PE

786.79

Undervalued PE

-426.41

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

12.69

Current EV/EBITDA

13.69

Overvalued EV/EBITDA

16.39

Undervalued EV/EBITDA

8.99

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

0.88

Current PS

0.47

Overvalued PS

1.32

Undervalued PS

0.45

Financials

Annual

Quarterly

FY2025Q1

YoY :

-4.54%

1.09B

Total Revenue

FY2025Q1

YoY :

-0.60%

66.50M

Operating Profit

FY2025Q1

YoY :

-67.69%

2.10M

Net Income after Tax

FY2025Q1

YoY :

-75.00%

0.01

EPS - Diluted

FY2025Q1

YoY :

+11.66%

-155.10M

Free Cash Flow

FY2025Q1

YoY :

+1.38%

61.11

Gross Profit Margin - %

FY2025Q1

YoY :

-66.67%

0.19

Net Margin - %

FY2025Q1

YoY :

-100.00%

N/A

ROIC

Trading Trends

Insider

Insiders areBuying! The selling amount has increased 1323.41% over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

5.9M

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

88.6K

Volume

6-9

Months

93.3K

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

912.8K

Volume

Months

6-9

561.2K

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders areBuying! The selling amount has increased 1323.41% over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

5.9M

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

MODG News & Events

Events Timeline

2025-05-12 (ET)

2025-05-12

16:26:48

Topgolf Callaway sees FY25 revenue $4B-$4.185B, consensus $4.1B

2025-05-12

16:25:19

Topgolf Callaway reports Q1 EPS 11c, consensus (6c)

2025-05-08 (ET)

2025-05-08

17:01:32

Toast to partner with TopGolf

News

1.0

07-21Newsfilter

Find Your Happy Place: Topgolf Celebrates the Premiere of Happy Gilmore 2 with a Limited-Edition Odyssey Hockey Stick Putter Giveaway at all U.S. Venues

1.0

07-15PRnewswire

Topgolf Added Field Goal Posts - Now It Needs a Dad to Inspect Them

5.0

07-11Newsfilter

Callaway Is Launching The Happy Gilmore 2 Limited Edition Odyssey Hockey Stick Putters and Golf Balls to Celebrate The Release Of The Highly Anticipated Movie