Discounted Cash Flow

Callaway Golf Co.

CALY · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2024

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $871.2m $189.9m $61.6m 21.8% $2.02
2017 $1.0b (20.4%) $40.8m (-78.5%) $91.5m (48.6%) 3.9% (-82.1%) $0.43 (-78.7%)
2018 $1.2b (18.5%) $104.7m (156.7%) $55.5m (-39.4%) 8.4% (116.6%) $1.11 (158.1%)
2019 $1.7b (36.9%) $79.4m (-24.2%) $31.8m (-42.6%) 4.7% (-44.6%) $0.84 (-24.3%)
2020 $1.6b (-6.6%) $-126.9m (-259.9%) $189.0m (493.4%) -8.0% (-271.1%) $-1.35 (-260.7%)
2021 $3.1b (97.1%) $322.0m (353.7%) $-44.0m (-123.3%) 10.3% (228.7%) $1.90 (240.7%)
2022 $4.0b (27.5%) $157.9m (-51.0%) $-567.4m (-1189.0%) 4.0% (-61.5%) $0.85 (-55.3%)
2023 $4.3b (7.2%) $95.0m (-39.8%) $-117.3m (79.3%) 2.2% (-43.9%) $0.51 (-40.0%)
2024 $4.2b (-1.1%) $-1.4b (-1623.9%) $86.6m (173.8%) -34.1% (-1640.3%) $-7.88 (-1645.1%)
2025 $2.1b (-51.4%) $-409.3m (71.7%) $302.2m (249.0%) -19.9% (41.8%) $-2.23 (71.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2024

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.