Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp.

MODGยทNYSE

$14.68

+0.0000%
Consumer CyclicalLeisure

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, on-line retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites in the United States and approximately 120 countries. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.

At a Glance

Live Snapshot
Market Cap$2.70B
EPS-7.8800
P/E Ratio-1.86
Earnings Date02/23/2026
Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp. Fair Value Envelope

MODG ยท NYSE

Our analysis suggests that MODG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $14.68, this represents a potential HIDDEN relative to our calculated worth for Topgolf Callaway Brands Corp..

Intrinsic Value
Current Price: $14.68

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$2,936.1B
+ Cash & Equivalents$445.0M
Firm Value$2,936.5B
- Debt$4.1B
Equity Value$2,932.4B
/ Shares Outstanding183,883,637B
DCF Value$15.9K
UNDERVALUED BY 108529%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$764.0M
$1.5B
$3.1B
$6.1B
$12.2B
$24.4B
$48.9B
$97.8B
$195.6B
$391.2B
Maintenance CapEx
-$118.2M
-$236.3M
-$472.6M
-$945.3M
-$1.9B
-$3.8B
-$7.6B
-$15.1B
-$30.2B
-$60.5B
Owner Earnings
$645.8M
$1.3B
$2.6B
$5.2B
$10.3B
$20.7B
$41.3B
$82.7B
$165.3B
$330.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$598.0M
$1.1B
$2.1B
$3.8B
$7.0B
$13.0B
$24.1B
$44.7B
$82.7B
$153.2B
Terminal Value represents 88.7% of Enterprise Value