MODG Valuation

Topgolf Callaway Brands Corp

Add to Watchlist

Advanced Chart

9.760

+0.47(5.059%)1D

Overview
Forecast
Valuation
Earnings

MODG Relative Valuation

MODG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MODG is overvalued; if below, it's undervalued.

Historical Valuation

Topgolf Callaway Brands Corp (MODG) is now in the Undervalued zone, suggesting that its current forward PS ratio of 0.47 is considered Undervalued compared with the five-year average of 179.63. The fair price of Topgolf Callaway Brands Corp (MODG) is between 15.38 to 29.22 according to relative valuation methord. Compared to the current price of 9.29 USD , Topgolf Callaway Brands Corp is Undervalued By 39.59%.

Relative Value

Fair Zone

15.38-29.22

Current Price：9.29

39.59%

Undervalued

-17.88

Trailing

Forward

11.88

EV/EBITDA

Topgolf Callaway Brands Corp. (MODG) has a current EV/EBITDA of 11.88. The 5-year average EV/EBITDA is 12.68. The thresholds are as follows: Strongly Undervalued below 5.28, Undervalued between 5.28 and 8.98, Fairly Valued between 16.38 and 8.98, Overvalued between 16.38 and 20.08, and Strongly Overvalued above 20.08. The current Forward EV/EBITDA of 11.88 falls within the Historic Trend Line -Fairly Valued range.

55.08

EV/EBIT

Topgolf Callaway Brands Corp. (MODG) has a current EV/EBIT of 55.08. The 5-year average EV/EBIT is 28.84. The thresholds are as follows: Strongly Undervalued below 1.25, Undervalued between 1.25 and 15.05, Fairly Valued between 42.64 and 15.05, Overvalued between 42.64 and 56.43, and Strongly Overvalued above 56.43. The current Forward EV/EBIT of 55.08 falls within the Overvalued range.

0.45

Topgolf Callaway Brands Corp. (MODG) has a current PS of 0.45. The 5-year average PS is 0.88. The thresholds are as follows: Strongly Undervalued below -0.00, Undervalued between -0.00 and 0.44, Fairly Valued between 1.31 and 0.44, Overvalued between 1.31 and 1.75, and Strongly Overvalued above 1.75. The current Forward PS of 0.45 falls within the Historic Trend Line -Fairly Valued range.

23.55

P/OCF

Topgolf Callaway Brands Corp. (MODG) has a current P/OCF of 23.55. The 5-year average P/OCF is 15.30. The thresholds are as follows: Strongly Undervalued below -23.25, Undervalued between -23.25 and -3.97, Fairly Valued between 34.58 and -3.97, Overvalued between 34.58 and 53.86, and Strongly Overvalued above 53.86. The current Forward P/OCF of 23.55 falls within the Historic Trend Line -Fairly Valued range.

-27.67

P/FCF

Topgolf Callaway Brands Corp. (MODG) has a current P/FCF of -27.67. The 5-year average P/FCF is 35.13. The thresholds are as follows: Strongly Undervalued below -287.25, Undervalued between -287.25 and -126.06, Fairly Valued between 196.33 and -126.06, Overvalued between 196.33 and 357.52, and Strongly Overvalued above 357.52. The current Forward P/FCF of -27.67 falls within the Historic Trend Line -Fairly Valued range.

Topgolf Callaway Brands Corp (MODG) has a current Price-to-Book (P/B) ratio of 0.69. Compared to its 3-year average P/B ratio of 0.73 , the current P/B ratio is approximately -4.40% higher. Relative to its 5-year average P/B ratio of 1.21, the current P/B ratio is about -42.54% higher. Topgolf Callaway Brands Corp (MODG) has a Forward Free Cash Flow (FCF) yield of approximately -1.01%. Compared to its 3-year average FCF yield of -4.19%, the current FCF yield is approximately -75.84% lower. Relative to its 5-year average FCF yield of -1.95% , the current FCF yield is about -48.06% lower.

0.69

P/B

Median3y

0.73

Median5y

1.21

-1.05

FCF Yield

Median3y

-4.19

Median5y

-1.95

Competitors Valuation Multiple

The average P/S ratio for MODG's competitors is 1.86, providing a benchmark for relative valuation. Topgolf Callaway Brands Corp Corp (MODG) exhibits a P/S ratio of 0.45, which is -75.53% above the industry average. Given its robust revenue growth of -4.09%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

MODG.N

Topgolf Callaway Brands Corp

Winnebago Industries Inc

Sturm Ruger & Company Inc

Performance Decomposition

Market capitalization of MODG decreased by 2.98% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -0.68 to -1.14.

The secondary factor is the Revenue Growth, contributed -4.09%to the performance.

Overall, the performance of MODG in the past 1 year is driven by P/E Change. Which is more unsustainable.

-4.09%

1.16B → 1.11B

Revenue Growth

-65.86%

5.36 → 1.83

Margin Expansion

66.97%

-0.68 → -1.14

P/E Change

-2.98%