Buy Topgolf Stock
There aren't many stocks that have survived the selling onslaught during the 2022 bear market. Many stocks deserved these price cuts because of their absurdly high valuation multiples and/or uncertain business models. However, investors have thrown out the proverbial baby with the bath water when selling stocks this year.
buy topgolf stock
Right now, Topgolf Callaway has a market capitalization of $3.8 billion. Adding back net debt of $1.54 billion, the stock currently trades at an enterprise value (EV) of $5.34 billion. Compared to its net income of $204 million, the stock trades at a trailing EV-to-earnings (EV/E) of 26, which is slightly above the market average. The company is also burning tons of free cash flow due to its heavy investments to grow the Topgolf segment.
As of this writing, Callaway has a market capitalization of $4 billion. Add in its net debt of $1.71 billion and its enterprise value (EV) comes to $5.71 billion. There are a few ways to value Topgolf's business. First, we can look at its 2022 adjusted EBITDA guidance range of $535 million to $555 million. Based on the midpoint of this range, the stock is trading at a 2022 adjusted enterprise-value-to-earnings ratio (EV/E) of 10.5. This seems quite cheap on an absolute basis.
Topgolf Callaway Brands stock last closed at $21.16, up 0.76% from the previous day, and has decreased 12.74% in one year. It has overperformed other stocks in the Leisure industry by 0.11 percentage points. Topgolf Callaway Brands stock is currently +25.95% from its 52-week low of $16.80, and -18.49% from its 52-week high of $25.96.
After you have decided on the best place to buy Topgolf Callaway Brands stock, it's very important to analyze their stock prior to investing, so you actually comprehend the risk as well as the opportunity.
The deal, first announced in October, called for Callaway to issue about 90 million of its shares to Topgolf stockholders. The Carlsbad company was an early investor in Topgolf dating back to 2006. It already owned a 14 percent stake in the firm.
Growth stocks can be fantastic investments if you buy at the right price and hold on for multiple years. Just take a look at the long-term returns of Amazon, Netflix, MercadoLibre, and plenty of other stocks as evidence of what durable growth can do to your portfolio returns.
At a market capitalization of $4.2 billion, the stock trades at a forward price-to-free cash flow ratio of just 6 based on the future earnings potential of the Topgolf business. Add on the equipment and apparel business units, which did $300 million in earnings through the first nine months of this year, and Topgolf Callaway stock looks like a bargain for investors who plan to buy and hold for the long haul.
10 stocks we like better than Topgolf Callaway BrandsWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Topgolf Callaway Brands wasn't one of them! That's right -- they think these 10 stocks are even better buys.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com, MercadoLibre, and Netflix. The Motley Fool recommends Topgolf Callaway Brands. The Motley Fool has a disclosure policy.
The current consensus among 12 polled investment analysts is to Buy stock in Topgolf Callaway Brands Corp. This rating has held steady since October, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2019. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates.
Guaranteed lowest priced Framed. One Share of TopGolf Callaway Brands Corp. (Stock Symbol: MODG) is a Truly Unique Gift. Birthday, Baptism, Christening, Anniversary, Newborn, Groomsmen gifts and more. Give a Single stock of TopGolf Callaway Brands Corp! We are members of the Better Business Bureau and have been in business since 1999. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and balls. They offer drivers, fairway woods, hybrids, irons, wedges and putters. The company also designs and sells golf accessories, such as packaged sets, golf bags, golf gloves, golf footwear, golf apparel, travel gear, headwear, towels, umbrellas, eyewear, and other accessories under the Callaway Golf Odyssey and Strata brand names. TopGolf and Callaway Golf brands merged in March of 2021
PLEASE NOTE.A real certificate is available for this selection. The Transfer Agent of this company charges a $40.00 Fee for those who would like a REAL CERTIFICATE. SIMPLY CLICK YES for real certificate ($40 additional) to your purchase. (Note: due to the 6-8-week processing times* for real certificates. We recommend also selecting one of our rush replica options when ordering a real stock certificate)OTHERWISE, you will be shipped a high-quality REPLICA at no additional cost. The replica will display the gift recipient's name, address, and certification of ownership of one share of the company selected. The replica will be identical to the one displayed on our website. The share purchased for the company selected will be held in book entry. Your gift recipient will receive a shareholder packet showing their ownership of one share of stock from the shareholder services of the company selected. The packet will also show their unique account number. *Processing times to receive the account information packet vary. Please see our FAQs for more information about processing times. Note...we highly suggest that you select one of our rush options if a specific time is needed for gift presentation
X"@context":"https:\/\/schema.org","@type":"VideoObject","name":"How To Find The Best IPO Stocks","description":"Follow these 2 basic rules to get in early - and with less risk - on the best IPO stocks to buy and watch.","thumbnailUrl":"https:\/\/www.investors.com\/wp-content\/uploads\/2020\/12\/6kAzIuEQ-2-640x354.jpg","contentUrl":"https:\/\/content.jwplatform.com\/manifests\/6kAzIuEQ.m3u8","uploadDate":"2020-12-28T07:08:11+0000","duration":"PT82.57S","author":"@type":"Person","name":"MATTHEW GALGANI","publisher":"@type":"Organization","name":"Investor's Business Daily","logo":"@type":"ImageObject","url":"https:\/\/www.investors.com\/wp-content\/uploads\/2020\/06\/ibd-logo.png","url":"https:\/\/www.investors.com","keywords":"" When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
Topgolf Callaway Brands earns the No. 7 rank among its peers in the Leisure-Products industry group. Marine Products (MPX) and Malibu Boats Cl A (MBUU) are also among the group's highest-rated stocks.
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright FactSet Research Systems Inc. All rights reserved. Source: FactSet
This article from investorplace.com lists 7 stocks that could see 20% upside potential when the market corrects. These stocks include Energy Transfer, ConocoPhillips, Fortinet, Simply Good Foods Company, Callaway, Live Nation, PENN Entertainment. The article also states that the acquisition of Topgolf has allowed the company to generate year-round revenue through entertainment venues. 041b061a72