Acushnet Holdings Corp. Financial Ratios — GOLF Stock

Profitability (USD)

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	245.71	108.03	54.71	68.16	49.93	62.68	125.94	116.98
Return on Assets (%)	- -	2.45	-0.05	2.58	5.69	5.83	6.9	5.21	9.24	9.49	9.04	9.79	8.34
Return on Capital (%)	- -	11.3	0.2	10.55	23.65	22.1	24.6	17.91	28.53	23.12	23.47	28.74	22.91
Return on Invested Capital (%)	- -	10	1.26	6.64	8.98	8.77	10.27	10.14	13.63	14.67	14.5	15.18	13.99
Gross Margin (%)	49.63	49.29	51.62	50.82	51.39	51.56	51.88	51.47	52.07	46.19	47.02	48.34	47.73
EBITDA Margin (%)	10.51	9.59	10.71	11.77	13.5	13.03	13.6	12.66	14.02	14.24	14.13	14.66	13.86
Operating Margin (%)	7.84	6.78	7.93	9.17	10.88	10.55	11.04	9.84	12.1	12.4	11.98	12.38	11.7
Incremental Operating Margin (%)	- -	-19.22	-43.23	35.99	-213.48	3.41	27.96	39.01	18.88	17.75	3.38	25.24	-4.76
Pretax Margin (%)	2.81	2.74	2.14	5.67	9.72	9.2	9.82	7.01	11.54	11.43	10.14	10.16	9.36
Profit Margin (%)	1.33	1.4	-0.06	2.86	6.33	6.11	7.2	5.96	8.33	8.78	8.33	8.72	7.37
Net Income to Common Margin (%)	1.33	0.51	-0.98	2.13	6.33	6.11	7.2	5.96	8.33	8.78	8.33	8.72	7.37
Effective Tax Rate (%)	41.36	39.7	87.07	44.5	31.96	31.42	24.58	11.53	25.66	20.95	17.8	19.16	21.86
Dvd Payout Ratio (%)	47.93	0.01	0.84	13.52	33.19	36.75	33.96	44.29	25.93	24.77	26.4	28.67	30.23
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	155.4	71.34	30.48	50.48	37.56	46.13	89.84	81.62

Credit (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	905	836	410	464	383	402	334	315	568	701	764	943
ST Debt	- -	81	442	61	47	37	72	20	18	40	29	11	17
LT Debt	- -	824	395	348	417	347	331	314	297	528	672	753	926
Total Debt/EBITDA	- -	6.14	5.2	2.21	2.2	1.8	1.76	1.64	1.05	1.76	2.08	2.12	2.66
Net Debt/EBITDA	- -	5.82	4.86	1.79	1.98	1.66	1.61	0.89	0.11	1.57	1.89	1.97	2.52
Total Debt/EBIT	- -	8.68	7.01	2.84	2.73	2.23	2.17	2.1	1.21	2.02	2.46	2.51	3.15
Net Debt/EBIT	- -	8.23	6.56	2.29	2.45	2.05	1.98	1.15	0.13	1.81	2.23	2.34	2.98
EBITDA to Interest Expense	2.26	2.29	2.6	3.61	12.46	11.1	11.74	15.95	44.73	23.07	7.72	6.58	5.97
EBITDA-CapEx/Interest Expense	1.58	1.92	2.22	3.24	11.35	9.39	10.05	14.02	39.15	14.05	5.41	5.22	4.72
EBIT to Interest Expense	1.69	1.62	1.92	2.81	10.04	8.99	9.53	12.4	38.61	20.09	6.54	5.56	5.04
Interest Expense	69	64	62	51	17	19	19	13	7	14	44	55	59
Common Equity/Total Assets	- -	-3.8	-4.64	-3.1	0.48	4.32	8.32	10.71	16.2	21.57	7.28	8.27	6.06
Long-Term Debt/Equity (%)	- -	257.59	121.56	45.31	48.83	37.43	34.75	30.83	27.44	53.64	73.59	94.47	117.94
Long-Term Debt/Capital (%)	- -	82.27	42.93	89.62	82.57	71.01	56.37	55.29	43.47	48.6	73.84	77.14	85.23
Long-Term Debt/Total Assets (%)	- -	46.76	22.43	20.06	24.05	20.51	18.2	16.8	14.82	24.05	30.58	34.54	39.54
Total Debt/Equity (%)	- -	282.96	257.66	53.28	54.34	41.37	42.28	32.82	29.07	57.75	76.81	95.84	120.06
Total Debt/Capital (%)	- -	90.37	91	105.38	91.89	78.48	68.58	58.87	46.05	52.32	77.07	78.26	86.77
Total Debt/Total Assets (%)	- -	51.36	47.54	23.59	26.76	22.67	22.14	17.89	15.7	25.88	31.92	35.04	40.25
Net Debt to Equity	- -	268.06	240.9	42.98	48.75	38.02	38.69	17.94	3.07	51.75	69.64	89.18	113.69
Net Debt/Capital (%)	- -	89.89	90.44	106.76	91.05	77.03	66.64	43.89	8.27	49.58	75.29	77.01	86.13
EBITDA	155	147	161	185	211	213	229	204	301	323	337	360	355
EBITDA-CapEx	109	124	138	166	192	180	196	179	263	197	236	286	280
Operating Income (Loss)	116	104	119	144	170	172	186	159	260	282	285	304	299

Liquidity (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.14	0.07	0.17	0.16	0.11	0.1	0.42	0.58	0.11	0.15	0.11	0.12
Current Ratio	- -	1.84	0.89	1.44	2.24	2.25	2.07	2.24	2.01	1.93	2.21	2.06	2.38
Quick Ratio	- -	0.71	0.33	0.56	0.78	0.74	0.7	0.99	0.94	0.5	0.59	0.57	0.62
CFO/Avg Current Liab	- -	0.31	0.17	0.17	-0.07	0.54	0.41	0.74	0.75	-0.13	0.74	0.53	0.43
Common Equity/Total Assets	- -	-3.8	-4.64	-3.1	0.48	4.32	8.32	10.71	16.2	21.57	7.28	8.27	6.06
Long-Term Debt/Equity (%)	- -	257.59	121.56	45.31	48.83	37.43	34.75	30.83	27.44	53.64	73.59	94.47	117.94
Long-Term Debt/Capital (%)	- -	82.27	42.93	89.62	82.57	71.01	56.37	55.29	43.47	48.6	73.84	77.14	85.23
Long-Term Debt/Total Assets (%)	- -	46.76	22.43	20.06	24.05	20.51	18.2	16.8	14.82	24.05	30.58	34.54	39.54
Total Debt/Equity (%)	- -	282.96	257.66	53.28	54.34	41.37	42.28	32.82	29.07	57.75	76.81	95.84	120.06
Total Debt/Capital (%)	- -	90.37	91	105.38	91.89	78.48	68.58	58.87	46.05	52.32	77.07	78.26	86.77
Total Debt/Total Assets (%)	- -	51.36	47.54	23.59	26.76	22.67	22.14	17.89	15.7	25.88	31.92	35.04	40.25
CFO/Total Liabilities	- -	3.75	6.4	10.78	-3.07	21.41	15.52	31.14	34.06	-5.6	28.96	17.72	12.48
CFO/CapEx	1.7	2.3	3.96	5.44	-1.43	4.99	4.07	10.72	8.35	-0.54	3.7	3.28	2.61
Altman's Z-Score	- -	2	1.56	2.86	3.42	3.86	4.22	4.52	5.5	4.57	4.89	4.96	4.63

Working Capital (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	15.56	7.71	8.5	8.47	8.67	8.37	7.73	11.43	11.61	11.4	11.71	11.74
Days Sales Outstanding	- -	23.46	47.36	42.93	43.09	42.11	43.58	47.2	31.94	31.44	32.03	31.17	31.09
Inventory Turnover	- -	5.36	2.36	2.38	2.21	2.18	2.13	2.07	2.67	2.25	1.96	2.13	2.26
Days Inventory Outstanding	- -	68.15	154.99	153.32	165.38	167.23	171.32	176.37	136.68	162.53	186.59	171.31	161.63
Accounts Payable Turnover	- -	22.78	8.29	8.68	8.86	8.82	8.98	6.89	7.85	8.97	7.58	8.18	8.92
Accounts Payable Turnover Days	- -	16.03	44.02	42.05	41.19	41.38	40.62	52.96	46.5	40.68	48.18	44.64	40.93
Cash Conversion Cycle	- -	75.58	158.33	154.2	167.27	167.96	174.29	170.61	122.12	153.29	170.44	157.84	151.78
Inventory to Cash Days	- -	-44.69	-107.62	-110.39	-122.29	-125.12	-127.74	-129.17	-104.73	-131.09	-154.56	-140.13	-130.54
Inventories	- -	291	326	323	364	361	398	358	413	675	616	576	609
Raw Materials	- -	55	63	55	72	71	88	74	106	155	157	137	146
Work In Process	- -	17	18	22	24	22	22	23	21	30	25	34	32
Finished Goods	- -	220	245	246	268	268	289	260	286	490	433	405	431
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	1,262	1,392	1,428	2,271	2,852	3,786	2,972	4,183	4,503	4,813
- Cash & Cash Equivalents	- -	48	54	79	48	31	34	151	282	59	65	53	50
+ Preferred Equity and Hybrid Capital	- -	131	131	- -	- -	- -	1	- -	3	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	32	33	33	33	32	32	33	41	44	49	32	2
+ Total Debt	- -	905	836	410	464	383	402	334	315	568	701	764	943
Enterprise Value	- -	1,021	946	1,625	1,841	1,813	2,672	3,068	3,863	3,525	4,867	5,245	5,708
Total Capital	- -	1,002	919	389	505	489	587	567	684	1,085	910	976	1,087
Total Debt/Capital (%)	- -	90.37	91	105.38	91.89	78.48	68.58	58.87	46.05	52.32	77.07	78.26	86.77
Total Debt / EV	- -	0.89	0.88	0.25	0.25	0.21	0.15	0.11	0.08	0.16	0.14	0.15	0.17
EV/Sales	- -	0.66	0.63	1.03	1.18	1.11	1.59	1.9	1.8	1.55	2.04	2.13	2.23
EV/EBITDA	- -	6.93	5.88	8.78	8.74	8.52	11.69	15.03	12.83	10.91	14.46	14.56	16.09
EV/EBIT	- -	9.79	7.94	11.27	10.84	10.52	14.39	19.33	14.87	12.52	17.06	17.24	19.06
EV/Cash Flow to Firm	- -	10.98	9.48	12.25	- -	10.25	17.94	11.12	12.11	- -	11.94	18.13	23.7
EV/Free Cash Flow to Firm	- -	8.76	7.69	10.7	555.93	8.64	14.69	10.21	10.83	50.61	9.58	14.41	18.11
Diluted Market Cap	- -	- -	- -	1,262	1,396	1,428	2,281	2,873	3,823	2,997	4,211	4,524	4,835
Diluted Enterprise Value	- -	1,021	946	1,625	1,845	1,813	2,682	3,089	3,900	3,550	4,895	5,267	5,729
EV per Share	- -	61.08	13.33	21.93	24.74	24.24	35.43	41.18	51.83	48.99	72.57	82.81	94.66
TTM Sales	1,477	1,538	1,503	1,572	1,560	1,634	1,681	1,612	2,148	2,270	2,382	2,457	2,559
TTM EBITDA	155	147	161	185	211	213	229	204	301	323	337	360	355
TTM Operating Income	116	104	119	144	170	172	186	159	260	282	285	304	299
TTM Cash Flow to Firm	119	93	100	133	-16	177	149	276	319	-57	408	289	241
TTM Free Cash Flow to Firm	166	117	123	152	3	210	182	300	357	70	508	364	315

Multiples (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	10.22	-170.36	7.27	13.64	9.94	10.87	51.16	8.91	14.15	17.99
EV/EBIT	- -	9.79	7.94	11.27	10.84	10.52	14.39	19.33	14.87	12.52	17.06	17.24	19.06
Enterprise Value	- -	1,021	946	1,625	1,841	1,813	2,672	3,068	3,863	3,525	4,867	5,245	5,708
Low Price	- -	- -	- -	16.9	15.16	17.55	20.75	20.65	38.57	37.46	42.45	58.54	55.31
EV/Sales	- -	0.66	0.63	1.03	1.18	1.11	1.59	1.9	1.8	1.55	2.04	2.13	2.23
EV/EBITDA	- -	6.93	5.88	8.78	8.74	8.52	11.69	15.03	12.83	10.91	14.46	14.56	16.09
Price/Earnings	- -	- -	- -	37.74	14.1	14.3	18.76	29.7	21.16	14.91	21.08	21.01	25.53
Price/Earnings Average	- -	- -	- -	36.78	12.13	16.04	14.88	23.81	19.24	15.63	17.43	19.27	23.56
Price/Earnings High	- -	- -	- -	49.44	16.19	20.86	20.53	33.03	24.11	19.48	21.9	22.64	27.56
Price/Earnings Low	- -	- -	- -	37.45	11.43	13.14	12.93	16.02	16.07	13.53	14.35	17.3	17.69
Price/Book Value	- -	- -	- -	-23.42	168.26	19.55	15.03	14.27	11.65	6.28	26.15	24.97	33.89
Price/Book Value Average	- -	- -	- -	-22.82	144.75	21.94	11.92	11.44	10.59	6.58	21.62	22.89	31.28
Price/Book Value High	- -	- -	- -	-30.68	193.17	28.53	16.45	15.87	13.27	8.2	27.17	26.9	36.59
Price/Book Value Low	- -	- -	- -	-23.24	136.34	17.97	10.36	7.7	8.84	5.7	17.8	20.56	23.48
Price/Tangible Book Value	- -	- -	- -	12.67	8.22	5.97	8.87	8.68	9.36	12.77	27.85	83.54	96.94
Price/Tangible Book Value Average	- -	- -	- -	12.35	7.07	6.7	7.04	6.96	8.51	13.39	23.03	76.6	89.47
Price/Tangible Book Value High	- -	- -	- -	16.6	9.44	8.72	9.71	9.65	10.66	16.68	28.94	90.02	104.68
Price/Tangible Book Value Low	- -	- -	- -	12.57	6.66	5.49	6.11	4.68	7.11	11.59	18.96	68.8	67.18
Price/Sales	- -	- -	- -	0.8	0.89	0.87	1.35	1.77	1.76	1.31	1.76	1.83	1.88
Price/Sales Average	- -	- -	- -	0.78	0.77	0.98	1.07	1.42	1.6	1.37	1.45	1.68	1.74
Price/Sales High	- -	- -	- -	1.05	1.02	1.28	1.48	1.97	2.01	1.71	1.82	1.97	2.03
Price/Sales Low	- -	- -	- -	0.8	0.72	0.8	0.93	0.95	1.34	1.19	1.2	1.51	1.3
Price/Cash Flow	- -	- -	- -	12.1	-51.49	8.72	16.91	10.78	12.05	-43.84	11.25	18.37	24.76
Price/Cash Flow Average	- -	- -	- -	11.79	-44.29	9.78	13.41	8.65	10.95	-45.95	9.3	16.84	22.85
Price/Cash Flow High	- -	- -	- -	15.85	-59.11	12.73	18.51	11.99	13.73	-57.26	11.69	19.79	26.74
Price/Cash Flow Low	- -	- -	- -	12.01	-41.72	8.01	11.65	5.82	9.15	-39.77	7.66	15.13	17.16
Price/Free Cash Flow Average	- -	- -	- -	9.96	-146.56	8.15	10.82	7.97	9.88	53.62	7.37	12.97	16.6
Price/Free Cash Flow High	- -	- -	- -	13.39	-195.58	10.6	14.93	11.05	12.38	66.82	9.26	15.25	19.43
Price/Free Cash Flow Low	- -	- -	- -	10.14	-138.04	6.68	9.4	5.36	8.25	46.4	6.07	11.65	12.47
EV/Sales Average	- -	0.66	0.63	1.01	1.06	1.22	1.31	1.55	1.64	1.62	1.74	1.98	2.09
EV/Sales High	- -	0.66	0.63	1.28	1.31	1.51	1.72	2.1	2.04	1.95	2.11	2.28	2.38
EV/Sales Low	- -	0.66	0.63	1.03	1.01	1.04	1.17	1.09	1.37	1.43	1.48	1.81	1.65
EV/EBITDA Average	- -	6.93	5.88	8.61	7.81	9.33	9.63	12.26	11.69	11.35	12.3	13.53	15.04
EV/EBITDA High	- -	6.93	5.88	10.9	9.72	11.6	12.63	16.6	14.58	13.72	14.94	15.53	17.17
EV/EBITDA Low	- -	6.93	5.88	8.73	7.48	7.97	8.6	8.6	9.81	10.05	10.49	12.36	11.92
EV/EBIT Average	- -	9.79	7.94	11.05	9.7	11.53	11.86	15.77	13.54	13.03	14.52	16.01	17.82
EV/EBIT High	- -	9.79	7.94	13.99	12.05	14.32	15.55	21.35	16.9	15.75	17.63	18.39	20.34
EV/EBIT Low	- -	9.79	7.94	11.21	9.29	9.84	10.59	11.06	11.36	11.54	12.38	14.63	14.13
Last Price	- -	- -	- -	17.03	18.71	19.1	30.11	38.28	50.79	41.3	62.37	71.08	79.82
High Price	- -	- -	- -	22.31	21.48	27.87	32.96	42.57	57.87	53.94	64.81	76.59	86.19
Enterprise Value Average	- -	1,021	946	1,593	1,647	1,987	2,203	2,502	3,518	3,668	4,142	4,872	5,337
Enterprise Value High	- -	1,021	946	2,016	2,047	2,468	2,887	3,387	4,391	4,435	5,031	5,594	6,092
Enterprise Value Low	- -	1,021	946	1,616	1,577	1,697	1,966	1,754	2,952	3,249	3,531	4,451	4,230

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	74	74	74	74	75	74	74	73	67	63	60	58
Diluted Weighted Avg Shares	71	17	71	74	75	75	76	75	75	73	68	64	61
Basic Weighted Avg Shares	71	17	71	74	74	75	75	74	75	72	67	63	60
Revenue per Share	20.81	91.98	21.17	21.22	20.97	21.85	22.29	21.64	28.82	31.55	35.52	38.79	42.43
EBITDA per Share	2.19	8.82	2.27	2.5	2.83	2.85	3.03	2.74	4.04	4.49	5.02	5.69	5.88
Operating Income per Share	1.63	6.24	1.68	1.95	2.28	2.31	2.46	2.13	3.49	3.91	4.25	4.8	4.97
Basic EPS, GAAP	0.28	0.46	-0.21	0.45	1.33	1.34	1.61	1.29	2.4	2.77	2.96	3.38	3.13
Basic EPS from Cont Ops	0.34	1.52	0.06	0.67	1.39	1.38	1.65	1.34	2.47	2.85	2.96	3.19	3.1
Diluted EPS, GAAP	0.28	0.46	-0.21	0.45	1.32	1.34	1.6	1.28	2.38	2.75	2.94	3.37	3.11
Diluted EPS from Cont Ops	0.34	1.52	0.06	0.67	1.38	1.38	1.64	1.33	2.45	2.83	2.94	3.17	3.09
Dividend per Share	0.2	0.82	0.19	0.23	0.48	0.52	0.58	0.62	0.66	0.73	0.78	0.86	0.93
Cash Flow per Share	1.11	3.24	1.29	1.41	-0.36	2.19	1.78	3.55	4.21	-0.94	5.54	3.87	3.22
Free Cash Flow per Basic Share	0.46	1.83	0.97	1.15	-0.62	1.75	1.34	3.22	3.71	-2.7	4.04	2.69	1.99
Cash & Equivalents per Share	- -	2.85	0.77	1.07	0.64	0.41	0.45	2.03	3.78	0.82	0.98	0.84	0.83
Book Value per Share	- -	-4	-1.15	-0.73	0.11	0.98	2	2.68	4.36	6.58	2.39	2.85	2.36
Tangible Book Value per Share	- -	-30.39	-6.86	1.34	2.28	3.2	3.39	4.41	5.43	3.23	2.24	0.85	0.82

Acushnet Holdings Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)