Using the industry peer median P/E Multiples multiple (trailing + forward), Acushnet Holdings Corp. (GOLF) has a fair value of $44.72 based on 8 comparable companies in the Leisure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Acushnet Holdings Corp.GOLF | 5,075 | 27.4x | 27.7x |
| Brinker International, Inc. | 6,515 | 18.0x | 14.0x |
| Life Time Group Holdings, Inc. | 6,171 | 16.8x | 38.4x |
| Choice Hotels International, Inc. | 4,897 | 13.3x | 15.3x |
| Meritage Homes Corporation | 4,441 | 9.9x | 6.0x |
| Frontdoor, Inc. | 3,938 | 16.3x | 17.6x |
| Asbury Automotive Group, Inc. | 3,770 | 7.8x | 7.5x |
| Cavco Industries, Inc. | 3,756 | 23.2x | 25.4x |
| Graphic Packaging Holding Company | 2,839 | 6.5x | 5.1x |
| Industry Median | 14.8x | 14.6x | |
| (*) Profit after tax | 189 | 183 | |
| Equity Value | 2,791 | 2,563 | |
| (/) Outstanding shares | 60 | 60 | |
| Fair Price | $47 | $43 | |
Using the industry peer median EV/EBITDA multiple (trailing + forward), Acushnet Holdings Corp. (GOLF) has a fair value of $41.47 based on 9 comparable companies in the Leisure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Acushnet Holdings Corp.GOLF | 5,075 | 17.4x | 18.1x |
| Brinker International, Inc. | 6,515 | 11.4x | 10.5x |
| Life Time Group Holdings, Inc. | 6,171 | 14.5x | 16.7x |
| Choice Hotels International, Inc. | 4,897 | 10.6x | 10.7x |
| Crocs, Inc. | 4,621 | 6.2x | 6.3x |
| Meritage Homes Corporation | 4,441 | 9.9x | 9.1x |
| Frontdoor, Inc. | 3,938 | 9.1x | 10.4x |
| Asbury Automotive Group, Inc. | 3,770 | 9.8x | 10.5x |
| Cavco Industries, Inc. | 3,756 | 14.9x | 16.4x |
| Graphic Packaging Holding Company | 2,839 | 6.1x | 6.1x |
| Industry Median | 9.9x | 10.5x | |
| (*) EBITDA | 350 | 338 | |
| = Enterprise Value | 3,460 | 3,551 | |
| (-) Net Debt | 1,023 | 1,023 | |
| Equity Value | 2,437 | 2,528 | |
| (/) Outstanding shares | 60 | 60 | |
| Fair Price | $41 | $42 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Acushnet Holdings Corp. (GOLF) has a fair value of $46.84 based on 9 comparable companies in the Leisure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Acushnet Holdings Corp.GOLF | 5,075 | 2.4x | 2.5x |
| Brinker International, Inc. | 6,515 | 1.5x | 1.4x |
| Life Time Group Holdings, Inc. | 6,171 | 4.2x | 4.9x |
| Choice Hotels International, Inc. | 4,897 | 4.4x | 4.4x |
| Crocs, Inc. | 4,621 | 1.5x | 1.5x |
| Meritage Homes Corporation | 4,441 | 0.9x | 0.9x |
| Frontdoor, Inc. | 3,938 | 2.2x | 2.5x |
| Asbury Automotive Group, Inc. | 3,770 | 0.6x | 0.6x |
| Cavco Industries, Inc. | 3,756 | 1.7x | 1.9x |
| Graphic Packaging Holding Company | 2,839 | 0.9x | 1.0x |
| Industry Median | 1.5x | 1.5x | |
| (*) Revenue | 2,559 | 2,465 | |
| = Enterprise Value | 3,892 | 3,762 | |
| (-) Net Debt | 1,023 | 1,023 | |
| Equity Value | 2,869 | 2,739 | |
| (/) Outstanding shares | 60 | 60 | |
| Fair Price | $48 | $46 | |
Using the PEG framework with analyst consensus forward EPS growth of 14.5% plus 1.0% dividend yield, the company has a fair value of $53.99 based on NTM EPS (FY2026) of $3.72. The current PEG ratio is 1.76.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG works well for steady growers with predictable earnings.
| EPS Growth RateForward | 13.5% |
| Dividend Yield | +1.0% |
| Adjusted Growth (clamped 8–25%) | 14.5% |
| Fair P/E | 14.5x |
| NTM EPS (FY2026) | $3.72 |
| Fair Value | $53.99 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $3.10 | — | — |
| FY2026E | $3.72 | +20.0% | 7 |
| FY2027E | $3.99 | +7.4% | 7 |
2Y Forward EPS CAGR: 13.5%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $178.9M | $2.38 | — |
| FY2022 | $199.3M | $2.75 | +15.5% |
| FY2023 | $198.4M | $2.94 | +6.9% |
| FY2024 | $214.3M | $3.37 | +14.6% |
| FY2025 | $188.5M | $3.10 | -8.0% |
4Y Historical EPS CAGR: 6.8%
Using the Two-Stage Dividend Discount Model with a Cost of Equity of 8.7% and projected dividend growth of 9.4%, the fair value is $20.73 per share. The DDM range is $14.33 – $33.62 based on sensitivity analysis across Cost of Equity and growth rate assumptions.
| Year | DPS | Payout Ratio | YoY Growth |
|---|---|---|---|
| 2025 | $0.94 | 29.8% | +10.0% |
| 2024 | $0.85 | 25.3% | +9.7% |
| 2023 | $0.78 | 26.4% | +8.0% |
| 2022 | $0.72 | 26.2% | +10.2% |
| 2021 | $0.65 | 27.5% | — |
| Year | Projected DPS | Growth | Discount Factor | Present Value |
|---|---|---|---|---|
| 2026 | $1.03 | 9.4% | 0.9199 | $0.94 |
| 2027 | $1.12 | 9.4% | 0.8462 | $0.95 |
| 2028 | $1.23 | 9.4% | 0.7784 | $0.95 |
| 2029 | $1.34 | 9.4% | 0.7161 | $0.96 |
| 2030 | $1.47 | 9.4% | 0.6587 | $0.97 |
| Terminal Value | $1.50 DPS | 2.5% | $15.96 |
Fair value under different Cost of Equity (rows) and DPS Growth Rate (columns) assumptions.
| Ke \ Growth | 7.4% | 8.4% | 9.4% | 10.4% | 11.4% |
|---|---|---|---|---|---|
| 6.7% | $28 | $30 | $31 | $32 | $34 |
| 7.7% | $23 | $24 | $25 | $26 | $27 |
| 8.7% | $19 | $20 | $21 | $22 | $23 |
| 9.7% | $16 | $17 | $18 | $19 | $19 |
| 10.7% | $14 | $15 | $16 | $16 | $17 |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.