MODG - Intrinsic Value and Financial Analysis - Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp. MODG

Consumer Cyclical - Leisure - NYSE - US

Watchlist

$ 8.54

1.67 %

$ 1.57 B

Market Cap

77.64

P/E

BALANCE SHEET

9.12 B ASSETS

Growth Rates

1Year 6.17%

3Years 66.37%

5Years 54.00%

7Years 41.54%

10Years 29.96%

5.24 B LIABILITIES

Growth Rates

1Year 8.85%

3Years 58.97%

5Years 75.08%

7Years 60.31%

10Years 30.04%

3.88 B EQUITY

Growth Rates

1Year 2.75%

3Years 79.05%

5Years 39.87%

7Years 30.59%

10Years 29.85%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Topgolf Callaway Brands Corp.

9.12 B ASSETS
5.24 B LIABILITIES

Current Assets	1.63 B
Cash & Short-Term Investments	394 M
Receivables	227 M
Other Current Assets	1.01 B
Non-Current Assets	7.49 B
Long-Term Investments	80.9 M
PP&E	3.82 B
Other Non-Current Assets	3.59 B

Current Liabilities	948 M
Accounts Payable	131 M
Short-Term Debt	160 M
Other Current Liabilities	657 M
Non-Current Liabilities	4.29 B
Long-Term Debt	4.22 B
Other Non-Current Liabilities	75.3 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993	Dec-1992	Dec-1991	Dec-1990
ASSETS
Cash & Cash Equivalents	393.5	180.2	352.2	366.1	106.7	64.0	85.7	126.0	49.8	37.6	36.8	52.0	43.0	55.0	78.3	38.3	49.9	46.4	49.5	31.7	47.3	108.5	84.3	102.6	112.6	45.6	26.2	108.5	59.2	54.4	49.0	20.0	5.2	1.3
Short Term Investments	5.2	4.4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6.4	0	0	0	0	0	0	0	0	0	0	0
Receivables	227.4	242.1	118.2	138.5	140.5	71.4	94.7	127.9	115.6	109.8	92.2	92.9	119.3	154.9	159.5	135.6	121.3	127.2	100.1	133.8	100.7	63.9	48.7	58.8	54.3	73.5	124.5	74.5	73.9	30.1	17.5	11.3	6.1	2.1
Inventory	794.4	959.2	533.5	352.5	456.6	338.1	262.5	189.4	208.9	207.2	263.5	212.6	233.1	268.6	219.2	257.2	253.0	265.1	241.6	181.2	185.4	151.8	167.8	134.0	97.9	149.2	97.1	98.3	51.6	74.2	29.0	15.3	11.2	8.5
Other Current Assets	207.6	190.3	160.7	55.5	85.6	51.5	23.1	17.2	17.2	29.3	29.1	29.0	23.3	65.8	56.0	58.9	72.1	54.5	47.4	47.0	50.1	44.9	47.6	47.1	45.7	55.3	34.0	30.2	25.0	28.7	16.0	8.6	2.9	0.7
Total Current Assets	1 628.1	1 518.9	1 165.8	912.6	789.4	524.9	466.0	460.4	391.5	384.0	421.6	386.0	419.3	544.6	513.0	490.0	496.6	493.2	438.6	393.7	383.5	369.0	354.7	342.5	310.5	323.6	281.8	311.5	209.7	187.4	111.5	55.2	25.4	12.6
PP&E	3 824.0	3 228.7	2 835.9	341.3	292.9	88.5	70.2	54.5	55.8	58.1	71.3	89.1	117.1	129.6	143.4	142.1	128.0	131.2	127.7	135.9	164.8	167.3	133.2	134.7	142.2	172.8	142.5	91.3	69.0	50.6	30.7	12.8	2.8	1.9
Intangible Assets	1 505.5	1 503.7	1 528.6	541.0	697.2	280.5	282.2	114.3	115.3	116.7	118.1	118.2	151.1	162.0	174.0	176.7	141.0	144.3	175.2	179.6	169.9	121.3	121.3	112.8	120.1	127.8	112.1	0	0	0	0	0.7	0.4	0.2
Goodwill	1 988.7	1 983.7	1 960.1	56.7	203.7	55.8	56.4	25.6	26.5	27.8	29.2	29.0	29.2	30.6	31.1	29.7	32.1	30.8	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	80.9	103.7	39.2	111.4	90.1	72.2	70.5	49.0	53.3	50.7	(2.3)	(1.9)	(1.4)	(11.9)	(10.5)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	93.4	355.4	257.4	14.5	17.1	11.7	10.9	8.4	8.4	13.0	52.8	43.3	39.5	48.8	45.5	40.2	40.4	27.5	16.5	16.7	18.2	16.9	18.1	40.9	44.0	31.6	25.3	25.6	11.3	5.6	2.2	0.2	0.2	0
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	9 120.6	8 590.4	7 747.8	1 980.6	1 960.5	1 052.9	991.2	801.3	631.2	624.8	663.9	636.7	727.1	885.0	875.9	879.7	857.0	845.9	764.5	735.7	748.6	679.8	647.6	630.9	616.8	655.8	561.7	428.4	290.0	243.6	144.4	68.9	28.8	14.7
LIABILITIES
Accounts Payable	130.7	159.1	138.7	66.3	67.8	42.5	63.2	54.6	54.8	46.2	59.9	45.4	39.0	0	31.8	42.0	33.0	40.9	26.5	16.7	24.3	61.7	38.3	44.2	46.7	35.9	30.1	15.0	26.9	17.7	11.9	6.9	7.0	0
Short Term Debt	159.7	313.6	107.3	71.5	180.8	42.7	90.4	12.0	15.0	15.2	25.7	0	0	0	0	90.0	36.5	80.0	21 K	13.0	0.2	3.2	2.4	0	0	83.9	0	0	0	0	0	0	0	1.0
Other Current Liabilities	640.1	703.5	620.0	247.6	259.5	217.0	159.5	115.9	107.1	120.1	135.2	111.8	122.1	174.2	118.2	121.4	154.0	102.5	113.7	91.1	105.6	44.3	61.2	65.1	58.6	64.2	42.3	46.1	35.9	38.9	15.9	8.9	2.1	2.9
Total Current Liabilities	947.6	1 176.2	866.0	391.3	523.2	303.2	314.4	186.9	178.6	184.1	226.2	161.1	167.8	175.2	151.5	253.4	223.5	223.5	140.2	120.8	130.2	109.2	101.9	109.3	105.3	184.0	72.4	61.1	62.8	56.6	27.8	15.8	9.1	3.9
Long Term Debt	4 219.5	3 497.7	3 008.4	829.0	581.5	7.2	19.0	0	0	108.8	108.7	107.1	0	0	0	0	0	0	0	26 K	0.2	0	3.2	0	0	0	0	0	2.2	0.6	0	3.4	4.5	2.1
Deferred Tax Income	36.7	117.5	163.6	58.6	73.5	1.8	1.8	1.6	35.1	35.0	35.3	33.5	31.4	1.4	1.2	15.0	21.3	16.3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	38.6	24.7	190.5	26.0	15.0	6.4	(3.4)	4.2	4.5	5.3	9.1	13.7	15.1	12.6	13.4	30.9	42.0	27.1	28.2	28.6	28.9	27.3	28.2	9.9	11.6	18.7	7.9	5.0	100 K	0	0	100 K	0	0
Total Liabilities	5 242.4	4 816.1	4 064.9	1 305.0	1 193.2	318.6	331.8	192.7	218.3	333.3	379.2	316.2	214.3	189.1	166.0	299.3	286.8	266.8	168.4	149.4	159.2	136.5	133.3	119.2	116.9	202.7	80.3	66.1	65.1	57.2	27.8	19.1	13.6	6.0
EQUITY
Common Stock	1.9	1.9	1.9	1.0	1.0	1.0	0.9	0.9	0.9	0.8	0.8	0.7	0.7	0.7	0.7	0.7	0.7	0.9	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0	0	0	0	0	0	0	0	0
Retained Earnings	947.5	852.5	682.2	360.2	489.4	413.8	324.1	287.1	101.0	89.9	77.0	113.8	247.9	442.4	474.4	518.9	470.5	435.1	431.0	437.3	466.4	439.5	388.6	349.7	288.1	254.3	298.2	238.3	131.7	114.7	58.6	17.7	3.5	(3.0)
Other Accumulative Comprehensive Income/Loss	(47.5)	(61.5)	(27.3)	(6.5)	(22.4)	(13.7)	(6.2)	(18.5)	(11.8)	(0.8)	12.2	14.8	14.1	13.6	6.2	(6.4)	16.7	7.6	(5.6)	(1.5)	2.9	(138.1)	(4.6)	(106.0)	(2.5)	0	0	0	0	0	0	0	0	0
Total Equity	3 878.2	3 774.3	3 682.9	675.6	767.4	734.3	659.4	608.6	412.9	291.5	284.6	323.2	515.7	698.5	712.5	580.4	570.2	579.1	596.0	586.3	589.4	543.4	514.3	511.7	499.9	453.1	481.4	362.3	224.9	186.4	116.6	49.8	15.2	8.7
Total Liabilities and Equity	9 120.6	8 590.4	7 747.8	1 980.6	1 960.5	1 052.9	991.2	801.3	631.2	624.8	663.9	636.7	727.1	885.0	875.9	879.7	857.0	845.9	764.5	735.7	748.6	679.8	647.6	630.9	616.8	655.8	561.7	428.4	290.0	243.6	144.4	68.9	28.8	14.7
SHARES OUTSTANDING
Common Shares Outstanding	185.0	184.9	169.1	94.2	94.3	94.6	94.3	94.0	83.1	77.6	71.8	67.0	64.6	63.9	63.2	63.1	66.4	67.7	68.6	67.7	66.0	66.5	69.8	69.8	70.0	69.5	68.4	66.8	66.5	68.1	67.6	56.5	55.8	360.0

Balance Sheet

Premium Plan

Unlimited Plan