Callaway Golf Company
Financial ratios & Valuation

Historical Multiples (2012 – 2021)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 TTM Median
Valuation Ratios
Price/Earnings ratio
-3.55-32.4337.3053.745.4232.2014.1925.70-17.8115.0726.285.42
Price/Sales ratio
0.520.720.670.921.181.251.191.201.421.541.051.25
Price/Book Value ratio
1.372.152.041.891.722.022.052.663.341.311.032.02
Price/Cash Flow ratio
-15.17-68.5816.1925.6013.2611.1616.1023.589.9017.4430.3713.26
Price/Free Cash Flow ratio
-9.26-27.9122.8548.2916.7414.3626.8064.0911.96-110.29-12.5114.36
Price/Earnings Growth ratio
-0.11-0.38-0.20-3.760.00-0.400.09-1.060.06-0.060.170.00
Dividend Yield
2.52%0.91%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
29.75%37.34%40.35%42.38%44.19%45.81%46.53%45.07%41.37%59.46%59.97%44.19%
Operating Profit Margin
-13.93%-1.27%3.46%3.19%5.06%7.51%10.33%7.79%-6.63%14.87%6.56%5.06%
Pretax Profit Margin
-14.15%-1.58%2.43%2.37%6.70%6.48%10.56%5.63%-8.02%11.19%3.59%6.48%
Net Profit Margin
-14.74%-2.24%1.80%1.72%21.79%3.89%8.42%4.66%-7.98%10.27%4.02%3.89%
Effective Tax Rate
-4.15%-42.02%26.02%27.38%-227.01%38.77%19.81%17.27%0.42%8.17%-11.98%-227.01%
Return on Assets
-19.28%-2.85%2.56%2.30%23.69%4.11%9.94%4.05%-6.40%4.15%1.83%4.11%
Return On Equity
-38.54%-6.64%5.49%3.52%31.70%6.28%14.45%10.34%-18.78%8.74%4.02%6.28%
Return on Capital Employed
-24.41%-2.45%6.97%5.95%7.18%11.64%17.13%9.23%-6.63%6.77%3.43%11.64%
Liquidity Ratios
Current Ratio
2.391.862.082.192.461.481.731.502.33N/A1.291.48
Quick Ratio
0.890.570.961.021.450.640.610.631.430.730.560.64
Cash ratio
0.320.160.200.270.670.270.210.200.930.400.170.27
Days of Sales Outstanding
40.6440.0245.2050.0053.5732.9620.9630.1331.8012.2639.6839.68
Days of Inventory outstanding
131.90182.13142.97156.82142.19168.58185.69178.39138.08153.29147.89142.19
Operating Cycle
172.55222.16188.18206.83195.76201.55206.66208.53169.88165.56157.68201.55
Days of Payables Outstanding
28.2641.4131.8441.1340.9740.5923.3226.5025.9639.8542.4340.97
Cash Conversion Cycle
144.28180.74156.33165.69154.79160.96183.33182.03143.92125.7133.71160.96
Debt Ratios
Debt Ratio
0.490.570.190.020.010.100.040.380.450.320.530.01
Debt Equity Ratio
0.991.330.420.030.010.150.060.981.320.671.150.01
Long-term Debt to Capitalization
0.250.270.27N/AN/A0.010.000.430.550.390.390.01
Total Debt to Capitalization
N/A0.310.290.030.010.130.060.490.560.400.410.01
Interest Coverage Ratio
-21.08-1.173.233.0818.6518.0623.173.371.44N/A1.8418.06
Cash Flow to Debt Ratio
-0.26-0.060.292.046.491.181.840.110.250.110.041.18
Company Equity Multiplier
1.992.332.141.521.331.521.452.552.932.102.151.33
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.03-0.010.040.030.080.110.070.050.140.080.030.11
Free Cash Flow / Operating Cash Flow Ratio
1.632.450.700.530.790.770.600.360.82-0.15-2.420.77
Cash Flow Coverage Ratio
N/A-0.060.292.046.491.181.840.110.250.110.041.18
Short Term Coverage Ratio
N/A-0.342.422.046.491.302.160.483.443.410.761.30
Dividend Payout Ratio
-8.96%-29.59%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A