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Callaway Golf Co
F:CLY

Watchlist Manager
Callaway Golf Co
F:CLY
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Price: 13.035 EUR 0.93% Market Closed
Market Cap: €2.4B

EV/FCFF

8.5
Current
8%
More Expensive
vs 3-y average of 7.9

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
8.5
=
Enterprise Value
€2B
/
Free Cash Flow to Firm
$301.4m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
8.5
=
Enterprise Value
€2B
/
Free Cash Flow to Firm
$301.4m

Valuation Scenarios

Callaway Golf Co is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (7.9), the stock would be worth €12.12 (7% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-9%
Maximum Upside
+174%
Average Upside
60%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 8.5 €13.04
0%
3-Year Average 7.9 €12.12
-7%
5-Year Average 7.7 €11.86
-9%
Industry Average 15.5 €23.92
+84%
Country Average 23.2 €35.75
+174%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
US
Callaway Golf Co
F:CLY
2.4B EUR 8.5 -6.7
JP
Bandai Namco Holdings Inc
TSE:7832
2.4T JPY 19.8 21
US
Hasbro Inc
NASDAQ:HAS
13.3B USD 22 -41.4
JP
Shimano Inc
TSE:7309
1.4T JPY 54.4 38.6
UK
Games Workshop Group PLC
LSE:GAW
6.4B GBP 26.5 30.9
CA
BRP Inc
TSX:DOO
8.8B CAD 12.5 19.2
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
42.4B CNY 18.6 25.2
US
Acushnet Holdings Corp
NYSE:GOLF
5.7B USD 55.2 30.4
US
Brunswick Corp
NYSE:BC
5.2B USD 16.9 -37.5
IT
Technogym SpA
MIL:TGYM
3.9B EUR 32.6 34.3
US
Mattel Inc
NASDAQ:MAT
4.4B USD 13.3 11
P/E Multiple
Earnings Growth PEG
US
C
Callaway Golf Co
F:CLY
Average P/E: 26.3
Negative Multiple: -6.7
N/A N/A
JP
Bandai Namco Holdings Inc
TSE:7832
21
7%
3
US
Hasbro Inc
NASDAQ:HAS
Negative Multiple: -41.4 N/A N/A
JP
Shimano Inc
TSE:7309
38.6
32%
1.2
UK
Games Workshop Group PLC
LSE:GAW
30.9
5%
6.2
CA
BRP Inc
TSX:DOO
19.2
34%
0.6
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
25.2
N/A N/A
US
Acushnet Holdings Corp
NYSE:GOLF
30.4
12%
2.5
US
Brunswick Corp
NYSE:BC
Negative Multiple: -37.5 N/A N/A
IT
Technogym SpA
MIL:TGYM
34.3
13%
2.6
US
Mattel Inc
NASDAQ:MAT
11
11%
1

Market Distribution

Lower than 90% of companies in the United States of America
Percentile
10th
Based on 8 393 companies
10th percentile
8.5
Low
0 — 15.4
Typical Range
15.4 — 35.1
High
35.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 15.4
Median 23.2
70th Percentile 35.1
Max 3 178 983.5

Callaway Golf Co
Glance View

Market Cap
2.4B EUR
Industry
Leisure Products

In the rolling hills of Carlsbad, California, Callaway Golf Co. has established itself as a beacon of innovation and quality in the world of golf equipment. Founded in 1982, the company sprang from the vision of Ely Callaway Jr., who transformed it from a small boutique manufacturing operation to a global powerhouse, renowned for its premium golf clubs, balls, and accessories. Callaway's success is primarily rooted in its relentless pursuit of technological advancements and superior design, carving out a significant competitive edge with its popular products like the "Big Bertha" drivers and the "Apex" irons. This emphasis on innovation is bolstered by the company's robust research and development initiatives, which ensure that each product hitting the market carries the promise of enhanced performance and experience for golfers. Evolving beyond its traditional confines, Callaway has strategically diversified its revenue streams, including its acquisition of Jack Wolfskin and a significant interest in Topgolf, which speaks to its vision for a broader leisure and lifestyle brand. This foray into hospitality and entertainment positions Callaway in the experiential consumer market, beyond mere equipment sales. The revenue model relies not just on the direct sale of high-quality products, but also on brand loyalty and the experiential appeal of golfing as a lifestyle. As they ride these dual waves of product innovation and market diversification, Callaway maintains a steady gaze on expanding its footprint globally, aiming to capture the interests of both serious golfers and casual enthusiasts alike.

CLY Intrinsic Value
10.993 EUR
Overvaluation 16%
Intrinsic Value
Price €13.035
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