Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
MODG logo MODG
Upturn stock ratingUpturn stock rating
MODG logo

Callaway Golf Company (MODG)

Upturn stock ratingUpturn stock rating
$8.05
Last Close (24-hour delay)
Profit since last BUY1.9%
upturn advisory
Consider higher Upturn Star rating
BUY since 12 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: MODG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

10 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $8.5

1 Year Target Price $8.5

Analysts Price Target For last 52 week
$8.5Target price
Low$5.42
Current$8.05
high$16.89

Analysis of Past Performance

Type Stock
Historic Profit -45.02%
Avg. Invested days 20
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.48B USD
Price to earnings Ratio -
1Y Target Price 8.5
Price to earnings Ratio -
1Y Target Price 8.5
Volume (30-day avg) 10
Beta 1.2
52 Weeks Range 5.42 - 16.89
Updated Date 07/1/2025
52 Weeks Range 5.42 - 16.89
Updated Date 07/1/2025
Dividends yield (FY) -
Basic EPS (TTM) -7.91

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -34.68%
Operating Margin (TTM) 7.43%

Management Effectiveness

Return on Assets (TTM) 1.61%
Return on Equity (TTM) -46%

Valuation

Trailing PE -
Forward PE 156.25
Enterprise Value 4063105403
Price to Sales(TTM) 0.35
Enterprise Value 4063105403
Price to Sales(TTM) 0.35
Enterprise Value to Revenue 0.97
Enterprise Value to EBITDA 9.65
Shares Outstanding 183752000
Shares Floating 139183122
Shares Outstanding 183752000
Shares Floating 139183122
Percent Insiders 12.25
Percent Institutions 84.6

Analyst Ratings

Rating 4
Target Price 8.5
Buy 1
Strong Buy 2
Buy 1
Strong Buy 2
Hold 5
Sell 1
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Callaway Golf Company

stock logo

Company Overview

overview logo History and Background

Callaway Golf Company, now known as Topgolf Callaway Brands Corp. after its merger with Topgolf, was founded in 1982 by Ely Callaway Jr. It began as a golf club company and grew through innovative designs and strategic acquisitions.

business area logo Core Business Areas

  • Golf Equipment: Designs, manufactures, and sells golf clubs, golf balls, and accessories under the Callaway and Odyssey brands.
  • Apparel and Gear: Offers golf apparel, footwear, and other gear under brands like TravisMathew and Jack Wolfskin.
  • Topgolf: Operates entertainment venues featuring technology-enabled golf games, food, and beverages.

leadership logo Leadership and Structure

Topgolf Callaway Brands is led by CEO Chip Brewer. The company has a board of directors and operates with a divisional structure encompassing golf equipment, apparel, and Topgolf.

Top Products and Market Share

overview logo Key Offerings

  • Callaway Paradym Driver: A high-performance golf driver. Competitors include TaylorMade Stealth 2 and Titleist TSR drivers. Market share data is difficult to pinpoint exactly without subscription services, but Callaway is a consistent leader in the driver market.
  • Competitors: TaylorMade Stealth 2,Titleist TSR,PING G430
  • Competitors: Scotty Cameron,PING,Bettinardi
  • Odyssey Putters: A leading brand of golf putters. Competitors include Scotty Cameron and PING putters. Odyssey frequently holds a significant market share lead in the putter category.
  • Competitors: Drive Shack,Main Event,Dave & Buster's
  • Topgolf Venues: Entertainment venues offering technology-enabled golf games, food, and beverages. Topgolf competes with other entertainment and dining venues.

Market Dynamics

industry overview logo Industry Overview

The golf industry is driven by participation rates, technological advancements in equipment, and apparel trends. The entertainment sector is competitive with increasing consumer demand for experiential activities.

Positioning

Topgolf Callaway Brands is positioned as a leader in the golf equipment market and a significant player in the golf entertainment sector, providing a diversified revenue stream.

Total Addressable Market (TAM)

The global golf market is estimated to be worth over $13 billion. Topgolf Callaway Brands is positioned to capture a significant share of the equipment and entertainment sectors.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition (Callaway, Odyssey, Topgolf)
  • Diversified revenue streams (equipment, apparel, entertainment)
  • Technological innovation in golf equipment
  • Extensive distribution network
  • Strong brand equity

Weaknesses

  • Seasonality of golf equipment sales
  • Dependence on consumer discretionary spending
  • Potential cannibalization between Topgolf and traditional golf
  • High capital expenditure for Topgolf venue development

Opportunities

  • Expansion of Topgolf venues in new markets
  • Growth in golf participation among younger demographics
  • Further innovation in golf equipment technology
  • Strategic partnerships and acquisitions
  • Growing popularity of golf among women

Threats

  • Economic downturns impacting consumer spending
  • Increased competition from other golf equipment manufacturers
  • Changes in consumer preferences for entertainment activities
  • Supply chain disruptions
  • Fluctuations in raw material costs

Competitors and Market Share

competitor logo Key Competitors

  • TAYD
  • ACCD
  • ELY

Competitive Landscape

Topgolf Callaway Brands has a strong competitive position due to its diversified revenue streams and leading brands. Its main disadvantage is high capital expenditure.

Major Acquisitions

Jack Wolfskin

  • Year: 2019
  • Acquisition Price (USD millions): 476
  • Strategic Rationale: Expanded the company's presence in the apparel and outdoor gear market.

OGIO

  • Year: 2017
  • Acquisition Price (USD millions): 75.5
  • Strategic Rationale: Expanded the company's presence in the golf bag and travel gear market.

Growth Trajectory and Initiatives

Historical Growth: Growth has been driven by innovation in golf equipment and the expansion of Topgolf venues.

Future Projections: Analyst estimates project continued growth driven by Topgolf expansion and product innovation.

Recent Initiatives: Recent initiatives include new golf club releases, expansion of Topgolf venues, and investments in apparel brands.

Summary

Topgolf Callaway Brands is a strong player in the golf equipment and entertainment market, driven by its diverse brands and innovative products. The Topgolf acquisition diversified their revenue streams, but the company needs to monitor its capital expenditure and competition. Successfully managing costs, adapting to changing consumer preferences, and managing competition will be keys to continued success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Industry Reports
  • Analyst Estimates
  • Company Website

Disclaimers:

This analysis is based on available information and general industry knowledge. It is not financial advice and should not be used as the sole basis for investment decisions. Market conditions and company-specific factors can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Callaway Golf Company

Exchange NYSE
Headquaters Carlsbad, CA, United States
IPO Launch date 1992-02-27
President, CEO & Director Mr. Oliver G. Brewer III
Sector Consumer Cyclical
Industry Leisure
Full time employees 30000
Full time employees 30000

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. It operates in three business segments: Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology. 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, and golf balls under the Callaway Golf and Strata brands. The Active Lifestyle segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; men's, women's, and youth apparel as well as footwear, outerwear and accessories under the TravisMathew brand. This segment also provides storage and travel gear for sport and personal use, such as backpacks, travel bags, duffel and golf bags, and accessories under the OGIO brand. In addition, it offers outdoor apparel for men, women and children 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. It sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and mail order stores, and directly to consumers through its retail stores and websites. 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.