Company Valuation: Acushnet Holdings Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,908 2,981 4,130 4,322 4,682 6,391 - -
Change - -23.72% 38.54% 4.65% 8.34% 36.48% - -
Enterprise Value (EV) 1 3,942 3,490 4,766 5,033 5,575 7,262 7,274 7,287
Change - -11.46% 36.55% 5.61% 10.78% 30.26% 0.17% 0.18%
P/E 22.3x 15.4x 21.5x 21.1x 25.7x 29.1x 26.5x 24.5x
PBR 3.69x 3.43x 4.64x 5.89x 5.95x 8.1x 7.7x 7.27x
PEG - 1x 3.11x 1.4x -3.33x 1.4x 2.73x 3.02x
Capitalization / Revenue 1.82x 1.31x 1.73x 1.76x 1.83x 2.39x 2.32x 2.23x
EV / Revenue 1.84x 1.54x 2x 2.05x 2.18x 2.71x 2.64x 2.54x
EV / EBITDA 12x 10.3x 12.7x 12.4x 13.6x 16.9x 16.1x 14.7x
EV / EBIT 15.2x 12.4x 16.7x 16.5x 18.6x 21.2x 20.1x 19.2x
EV / FCF 14.3x -27x 16.1x 29.5x 46.4x 35.3x 31.2x 27x
FCF Yield 7.02% -3.7% 6.22% 3.39% 2.15% 2.83% 3.2% 3.71%
Dividend per Share 2 0.66 0.72 0.78 0.86 0.94 0.9572 0.9919 1.037
Rate of return 1.24% 1.7% 1.23% 1.21% 1.18% 0.88% 0.91% 0.95%
EPS 2 2.38 2.75 2.94 3.37 3.11 3.753 4.118 4.452
Distribution rate 27.7% 26.2% 26.5% 25.5% 30.2% 25.5% 24.1% 23.3%
Net sales 1 2,148 2,270 2,382 2,457 2,559 2,675 2,756 2,866
EBITDA 1 328.3 338.4 376.1 404.4 410.4 430.8 451.8 495.4
EBIT 1 259.8 281.5 285.3 304.3 299.4 342 362.4 378.8
Net income 1 178.9 199.3 198.4 214.3 188.5 227.9 241 253.2
Net Debt 1 33.29 508.9 635.7 710.9 892.8 871.6 883.6 896.8
Reference price 2 53.08 42.46 63.17 71.08 79.82 109.14 109.14 109.14
Nbr of stocks (in thousands) 73,630 70,209 65,378 60,803 58,661 58,554 - -
Announcement Date 01/03/22 01/03/23 29/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.08x2.71x16.86x0.88% 639.06Cr
18.45x2.02x8.79x3.63% 409.18Cr
23.18x2.49x11.71x2.9% 333.78Cr
33.65x1.49x13.44x-.--% 332.01Cr
46.45x1.16x5.91x-.--% 263.26Cr
14.52x0.91x8.62x1.83% 168.65Cr
15.96x1.08x9.14x1.12% 131.97Cr
9.87x0.81x6.62x - 120.69Cr
30.08x - - 3.08% 72Cr
32.15x8.9x21.18x2.27% 74Cr
Average 25.34x 2.40x 11.36x 1.74% 254.47Cr
Weighted average by Cap. 26.55x 2.12x 11.86x 1.59%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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