Jul. 19 at 9:58 AM
Driven by a continued increase in golf participation, I forecast Acushnet (
$GOLF) to sustain sales growth of 5-6% in the medium term and estimate, using DCF analysis, a fair value for the stock of
$86 per share.
The attached plot shows that the company achieved a ROIC of 26% in FY24, significantly higher than the average of 8.9% for US leisure companies.
Full analysis here: https://jackdry.com/86-price-target-set-for-acushnet-golf
