CALY

Callaway Golf Company

Consumer Cyclical · $2.5B market cap

Verdict

Share price

$14.45

close of Oct 3, 2026

Fair value

$7.14

Sticker Price

Payback Price

$2.85

buy price

Overpriced

CALY is Overpriced: at $14.45 it trades 102% above its fair value of $7.14. Its buy price (Payback Price) is $2.85, 80% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Free Cash Flow. Sales grew -20% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth7.5% a year✗
Equity per share growth5.2% a year✗
Sales growth6.8% a year✗
Free cash flow growth17.7% a year✓
Return on invested capital-4.5%✗

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Superinvestors

1 of the investors we track holds CALY. In Q2 2026, 1 added and 2 sold out. Who we track

Moves in Q2 2026

Added: Polen Capital Management

Sold out: Lee Ainslie, Howard Marks

Insider activity

Since Jun 15, 2026: no open-market purchases, 7 sales worth $1.5M and 6 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Callaway Golf Company

Callaway Golf Company is a global enterprise that develops, produces, and sells a diverse range of golf equipment, golf and lifestyle apparel, and associated accessories. Its operations span across the United States, Europe, Asia, and other international markets, organized into three primary business divisions: Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment manages entertainment venues equipped…

Leisure

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works