Callaway Golf Stock Piotroski F Score

MODG Stock  USD 16.17  0.03  0.19%   
This module uses fundamental data of Callaway Golf to approximate its Piotroski F score. Callaway Golf F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Callaway Golf. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Callaway Golf financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Callaway Golf Altman Z Score, Callaway Golf Correlation, Callaway Golf Valuation, as well as analyze Callaway Golf Alpha and Beta and Callaway Golf Hype Analysis.
For more detail on how to invest in Callaway Stock please use our How to Invest in Callaway Golf guide.
  
At this time, Callaway Golf's Short Term Debt is most likely to increase significantly in the upcoming years. The Callaway Golf's current Long Term Debt is estimated to increase to about 2.6 B, while Debt Equity Ratio is projected to decrease to 0.22. At this time, Callaway Golf's Days Of Payables Outstanding is most likely to decrease significantly in the upcoming years. The Callaway Golf's current Dividend Payout Ratio is estimated to increase to 6.48, while Price To Sales Ratio is projected to decrease to 0.64.
At this time, it appears that Callaway Golf's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Callaway Golf Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Callaway Golf is to make sure Callaway is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Callaway Golf's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Callaway Golf's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.450.4698
Sufficiently Down
Slightly volatile
Gross Profit Margin0.520.6175
Fairly Down
Slightly volatile
Total Current Liabilities995 M947.6 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total4.5 B4.3 B
Sufficiently Up
Slightly volatile
Total Assets9.6 B9.1 B
Sufficiently Up
Slightly volatile
Total Current Assets1.7 B1.6 B
Sufficiently Up
Slightly volatile

Callaway Golf F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Callaway Golf's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Callaway Golf in a much-optimized way.

About Callaway Golf Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Price Book Value Ratio

0.71

At this time, Callaway Golf's Price Book Value Ratio is most likely to decrease significantly in the upcoming years.

About Callaway Golf Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Callaway Golf's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Callaway Golf using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Callaway Golf based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California. Topgolf Callaway operates under Leisure classification in the United States and is traded on New York Stock Exchange. It employs 24800 people.

Callaway Golf Investors Sentiment

The influence of Callaway Golf's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Callaway. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Callaway Golf's public news can be used to forecast risks associated with an investment in Callaway. The trend in average sentiment can be used to explain how an investor holding Callaway can time the market purely based on public headlines and social activities around Callaway Golf. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Callaway Golf's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Callaway Golf's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Callaway Golf's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Callaway Golf.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Callaway Golf in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Callaway Golf's short interest history, or implied volatility extrapolated from Callaway Golf options trading.

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When determining whether Callaway Golf is a strong investment it is important to analyze Callaway Golf's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Callaway Golf's future performance. For an informed investment choice regarding Callaway Stock, refer to the following important reports:
Check out Callaway Golf Altman Z Score, Callaway Golf Correlation, Callaway Golf Valuation, as well as analyze Callaway Golf Alpha and Beta and Callaway Golf Hype Analysis.
For more detail on how to invest in Callaway Stock please use our How to Invest in Callaway Golf guide.
Note that the Callaway Golf information on this page should be used as a complementary analysis to other Callaway Golf's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Callaway Stock analysis

When running Callaway Golf's price analysis, check to measure Callaway Golf's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Callaway Golf is operating at the current time. Most of Callaway Golf's value examination focuses on studying past and present price action to predict the probability of Callaway Golf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Callaway Golf's price. Additionally, you may evaluate how the addition of Callaway Golf to your portfolios can decrease your overall portfolio volatility.
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Is Callaway Golf's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Callaway Golf. If investors know Callaway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Callaway Golf listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.22)
Earnings Share
0.5
Revenue Per Share
23.161
Quarterly Revenue Growth
0.054
Return On Assets
0.0176
The market value of Callaway Golf is measured differently than its book value, which is the value of Callaway that is recorded on the company's balance sheet. Investors also form their own opinion of Callaway Golf's value that differs from its market value or its book value, called intrinsic value, which is Callaway Golf's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Callaway Golf's market value can be influenced by many factors that don't directly affect Callaway Golf's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Callaway Golf's value and its price as these two are different measures arrived at by different means. Investors typically determine if Callaway Golf is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Callaway Golf's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.