Topgolf Callaway Brands Corp.
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
23.6414.9812.2910.42
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$0.40$0.64$0.78$0.92

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
37.3053.745.4231.9013.8125.16-17.8114.4123.1227.9226.3513.81
Price/Sales ratio
0.670.921.181.241.161.171.421.480.910.611.041.17
Price/Book Value ratio
2.041.891.722.001.992.603.341.250.960.681.102.60
Price/Cash Flow ratio
16.1925.6013.2611.0515.6823.089.9016.67-104.037.27-118.5723.08
Price/Free Cash Flow ratio
22.8548.2916.7414.2226.0962.7311.96-105.41-6.39-22.46-7.2962.73
Price/Earnings Growth ratio
-0.20-3.760.00-0.400.08-1.030.06-0.05-0.41-0.69-0.50-1.03
Dividend Yield
0.51%0.43%0.36%0.28%0.26%0.18%0.08%0.00%N/AN/AN/A0.18%
Profitability Indicator Ratios
Gross Profit Margin
40.35%42.38%44.19%45.81%46.53%45.07%41.37%59.46%60.34%61.75%60.34%46.53%
Operating Profit Margin
3.46%3.19%5.06%7.51%10.33%7.79%15.28%-1.52%6.42%5.54%6.42%7.79%
Pretax Profit Margin
2.43%2.37%6.70%6.48%10.56%5.63%-8.02%11.19%3.55%0.81%3.55%5.63%
Net Profit Margin
1.80%1.72%21.79%3.89%8.42%4.66%-7.98%10.27%3.95%2.21%3.95%4.66%
Effective Tax Rate
26.02%27.38%-227.01%38.77%19.81%17.27%0.42%8.17%-11.27%-172.98%-11.27%17.27%
Return on Assets
2.56%2.30%23.69%4.11%9.94%4.05%-6.40%4.15%1.83%1.04%1.83%4.05%
Return On Equity
5.49%3.52%31.70%6.28%14.45%10.34%-18.78%8.74%4.18%2.44%4.19%10.34%
Return on Capital Employed
6.97%5.95%7.18%11.64%17.13%9.23%15.29%-0.69%3.46%2.90%3.46%9.23%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.29N/A
Quick Ratio
0.961.021.450.640.610.631.430.730.470.870.340.63
Cash ratio
0.200.270.670.270.210.200.930.400.150.410.150.20
Days of Sales Outstanding
45.2050.0053.5732.9620.9630.1331.8013.7622.1119.3720.5130.13
Days of Inventory outstanding
142.97156.82142.19168.58185.69178.39138.08153.29220.94176.92220.94185.69
Operating Cycle
188.18206.83195.76201.55206.66208.53169.88167.06243.05196.29226.00206.66
Days of Payables Outstanding
31.8441.1340.9740.5923.3226.5025.9639.8536.6429.1036.6423.32
Cash Conversion Cycle
156.33165.69154.79160.96183.33182.03143.92127.20206.41167.1838.34182.03
Debt Ratios
Debt Ratio
0.190.020.010.100.040.300.330.130.160.170.560.04
Debt Equity Ratio
0.420.030.010.150.060.770.990.280.370.401.270.06
Long-term Debt to Capitalization
0.27N/AN/A0.010.000.360.480.210.230.280.460.00
Total Debt to Capitalization
0.290.030.010.130.060.430.490.220.270.280.480.06
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.79N/A
Cash Flow to Debt Ratio
0.292.046.491.171.840.140.340.26-0.020.23-0.000.14
Company Equity Multiplier
2.141.521.331.521.452.552.932.102.272.352.271.45
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.040.030.080.110.070.050.140.08-0.000.08-0.000.05
Free Cash Flow / Operating Cash Flow Ratio
0.700.530.790.770.600.360.82-0.1516.25-0.3216.250.60
Cash Flow Coverage Ratio
0.292.046.491.171.840.140.340.26-0.020.23-0.000.14
Short Term Coverage Ratio
2.422.046.491.302.160.565.488.61-0.156.66-0.110.56
Dividend Payout Ratio
19.39%23.27%1.98%9.24%3.61%4.75%-1.48%0.00%N/AN/AN/A4.75%