Acushnet Holdings Corp. (GOLF) intrinsic value & 10-year financials
Acushnet Holdings Corp. (GOLF) has a Graham intrinsic value of $103.30 per share. At $80.25 on Oct 17, 2026, the stock trades 22% below that value. Over the last 10 fiscal years revenue grew 5.6% a year to $2.6B, with an average return on invested capital of 13.3%.
- Graham intrinsic value
- $103.30
- Share price (Oct 17, 2026)
- $80.25
- Price vs Graham value
- 22% below
- Market cap
- $4.9B
- Revenue (FY2025)
- $2.6B
- Revenue growth (10-yr CAGR)
- 5.6%
- ROIC (10-yr avg)
- 13.3%
- Free cash flow (FY2025)
- $120.0M
GOLF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.6B | $188.5M | $3.11 | $120.0M | 11.7% | 15.0% |
| FY2024 | $2.5B | $214.3M | $3.37 | $170.5M | 12.4% | 16.9% |
| FY2023 | $2.4B | $198.4M | $2.94 | $296.5M | 12.0% | 16.3% |
| FY2022 | $2.3B | $199.3M | $2.75 | -$129.2M | 12.4% | 17.9% |
| FY2021 | $2.1B | $178.9M | $2.38 | $276.5M | 12.1% | 17.4% |
| FY2020 | $1.6B | $96.0M | $1.28 | $239.8M | 9.0% | 10.8% |
| FY2019 | $1.7B | $121.1M | $1.60 | $101.3M | 11.0% | 11.5% |
| FY2018 | $1.6B | $99.9M | $1.32 | $130.9M | 10.5% | 9.8% |
| FY2017 | $1.6B | $92.1M | $1.23 | -$45.9M | 10.7% | 9.5% |
| FY2016 | $1.6B | $45.0M | $0.62 | $85.1M | 9.0% | 7.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Acushnet Holdings Corp. has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.
Acushnet Holdings Corp. returns on capital have been average, hovering around 13.3% ROIC over the decade.
Over the decade, Acushnet Holdings Corp. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Acushnet Holdings Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $103.30 per share.