<p>Topgolf Callaway Brands (MODG) 安静地实现了扭转，尽管持续净亏损，过去三个月股价上涨约 26%，过去一年上涨近 39%。</p>
<p>查看我们对 Topgolf Callaway Brands 的最新分析。</p>
<p>最近的回调，包括在强劲的 90 天上涨 26.07% 后，7 天股价回报为负 6.95%，看起来更像是喘息而非反转。尤其是 1 年总股东回报为 38.67%，与深度负面的三年和五年总回报形成鲜明对比，这表明随着投资者重新评估长期增长与过去执行风险，动能正在从低基数中重建。</p>
<p>如果你在将 MODG 与其他消费和休闲类股票进行比较，现在是扩大搜索范围、发现高内部持股的快速增长股票的好时机。</p>
<p>尽管股价仍低于分析师目标，但从多年低点反弹迅速，关键问题是 Topgolf Callaway 是否仍被低估，或者市场是否已经在折扣完全的增长复苏。</p>
<h2>最受欢迎的叙述：1.8% 被低估</h2>
<p>最受关注的叙述将公允价值定在 11.72 美元，而最后收盘价为 11.51 美元，这个故事依赖于适度的上行空间和执行力。</p>
<blockquote>
<p><em>通过出售非核心资产（Jack Wolfskin）和有针对性的成本削减措施增强了公司的财务灵活性，提高了其在高投资回报率项目中再投资的能力，支持增长并改善利润率，所有这些预计将对收益和股本回报产生积极影响。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>好奇平稳的收入前景、上升的利润率和大幅提高的未来收益倍数如何仍然支持上行吗？完整的叙述将这些动态部分连接成一个单一的估值路线图。想看看哪些假设在这个计算中真正起到关键作用吗？</p>
<p><strong>结果：公允价值为 11.72 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，关税带来的持续利润压力和对大幅折扣的依赖可能迅速削弱今天估值所暗示的适度上行空间。</p>
<p>了解 Topgolf Callaway Brands 叙述的关键风险。</p>
<h2>自建 Topgolf Callaway Brands 叙述</h2>
<p>如果你对这个故事有不同看法或想自己深入数字分析，可以在几分钟内构建自定义视图：按你的方式进行。</p>
<p>一个好的起点是我们的分析，强调投资者对 Topgolf Callaway Brands 的 3 个关键回报的乐观预期。</p>
<h2>准备好采取下一步投资行动了吗？</h2>
<p>不要停留在一个机会。现在使用 Simply Wall Street 筛选器，发现可以在其他人反应之前提升你投资组合优势的集中想法。</p>
<ul>
<li>通过扫描这些 905 只被低估的股票，捕捉潜在的错误定价，这些股票基于现金流，可能提供比当前市场定价更强的上行空间。</li>
<li>通过审查这 26 只围绕人工智能建立真实业务而非单纯炒作的 AI 便士股票，站在创新的前沿。</li>
<li>通过锁定这些 15 只收益率超过 3% 的股息股票，确保可靠的收入来源，帮助支持长期回报。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，性质为一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

MODG

<p>Topgolf Callaway Brands (MODG) 在过去三个月内股价上涨了 26%，一年内上涨了 39%，尽管净亏损。近期的回调表明动能正在重建。当前股价为 11.51 美元，低于公允价值 11.72 美元，显示出被低估的情况。通过资产出售和成本削减所带来的财务灵活性支持了公司的增长。风险包括关税和折扣带来的利润压力。建议投资者探索其他内部持股比例高的快速增长股票。Simply Wall St 提供基于历史数据和预测的分析，而非财务建议</p>

<p>Topgolf Callaway Brands (MODG) has quietly staged a turnaround, with shares up about 26% over the past 3 months and nearly 39% in the past year, despite ongoing net losses.</p>
<div class="lb-trans"><p>Topgolf Callaway Brands (MODG) 安静地实现了扭转，尽管持续净亏损，过去三个月股价上涨约 26%，过去一年上涨近 39%。</p>
</div><p>See our latest analysis for Topgolf Callaway Brands.</p>
<div class="lb-trans"><p>查看我们对 Topgolf Callaway Brands 的最新分析。</p>
</div><p>The recent pullback, including a 7 day share price return of negative 6.95% after a strong 90 day gain of 26.07%, looks more like a breather than a reversal. This is especially the case with a 1 year total shareholder return of 38.67% contrasting sharply with deeply negative three and five year total returns, which suggests that momentum is rebuilding from a low base as investors reassess long term growth versus past execution risks.</p>
<div class="lb-trans"><p>最近的回调，包括在强劲的 90 天上涨 26.07% 后，7 天股价回报为负 6.95%，看起来更像是喘息而非反转。尤其是 1 年总股东回报为 38.67%，与深度负面的三年和五年总回报形成鲜明对比，这表明随着投资者重新评估长期增长与过去执行风险，动能正在从低基数中重建。</p>
</div><p>If you are weighing MODG against other consumer and leisure names, it is a good moment to broaden your search and discover fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果你在将 MODG 与其他消费和休闲类股票进行比较，现在是扩大搜索范围、发现高内部持股的快速增长股票的好时机。</p>
</div><p>With shares still trading below analyst targets yet rebounding sharply from multi year lows, the key question now is whether Topgolf Callaway remains mispriced value or if the market is already discounting a full growth recovery.</p>
<div class="lb-trans"><p>尽管股价仍低于分析师目标，但从多年低点反弹迅速，关键问题是 Topgolf Callaway 是否仍被低估，或者市场是否已经在折扣完全的增长复苏。</p>
</div><h2>Most Popular Narrative Narrative: 1.8% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：1.8% 被低估</h2>
</div><p>With the most followed narrative placing fair value around 11.72 dollars against a last close of 11.51 dollars, the story hinges on modest upside and execution.</p>
<div class="lb-trans"><p>最受关注的叙述将公允价值定在 11.72 美元，而最后收盘价为 11.51 美元，这个故事依赖于适度的上行空间和执行力。</p>
</div><blockquote>
<p><em>Strengthened financial flexibility from the sale of non core assets (Jack Wolfskin) and targeted cost reduction measures enhances the company's ability to reinvest in high ROI initiatives, support growth, and improve margins, all of which are expected to positively impact earnings and return on equity.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>通过出售非核心资产（Jack Wolfskin）和有针对性的成本削减措施增强了公司的财务灵活性，提高了其在高投资回报率项目中再投资的能力，支持增长并改善利润率，所有这些预计将对收益和股本回报产生积极影响。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious how a flat revenue outlook, rising margins, and a sharply higher future earnings multiple can still argue for upside? The full narrative connects those moving parts into a single valuation roadmap. Want to see which assumptions really carry the weight in that calculation?</p>
<div class="lb-trans"><p>好奇平稳的收入前景、上升的利润率和大幅提高的未来收益倍数如何仍然支持上行吗？完整的叙述将这些动态部分连接成一个单一的估值路线图。想看看哪些假设在这个计算中真正起到关键作用吗？</p>
</div><p><strong>Result: Fair Value of $11.72 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 11.72 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, lingering margin pressure from tariffs and reliance on heavy discounting could quickly undermine the modest upside implied by today’s valuation.</p>
<div class="lb-trans"><p>然而，关税带来的持续利润压力和对大幅折扣的依赖可能迅速削弱今天估值所暗示的适度上行空间。</p>
</div><p>Find out about the key risks to this Topgolf Callaway Brands narrative.</p>
<div class="lb-trans"><p>了解 Topgolf Callaway Brands 叙述的关键风险。</p>
</div><h2>Build Your Own Topgolf Callaway Brands Narrative</h2>
<div class="lb-trans"><h2>自建 Topgolf Callaway Brands 叙述</h2>
</div><p>If you see the story differently or want to dig into the numbers yourself, you can build a custom view in just a few minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你对这个故事有不同看法或想自己深入数字分析，可以在几分钟内构建自定义视图：按你的方式进行。</p>
</div><p>A good starting point is our analysis highlighting 3 key rewards investors are optimistic about regarding Topgolf Callaway Brands.</p>
<div class="lb-trans"><p>一个好的起点是我们的分析，强调投资者对 Topgolf Callaway Brands 的 3 个关键回报的乐观预期。</p>
</div><h2>Ready to act on your next investing move?</h2>
<div class="lb-trans"><h2>准备好采取下一步投资行动了吗？</h2>
</div><p>Do not stop at one opportunity. Use the Simply Wall Street screener now to uncover focused ideas that could sharpen your portfolio edge before others react.</p>
<div class="lb-trans"><p>不要停留在一个机会。现在使用 Simply Wall Street 筛选器，发现可以在其他人反应之前提升你投资组合优势的集中想法。</p>
</div><ul>
<li>Capture potential mispricings early by scanning these 905 undervalued stocks based on cash flows that may offer stronger upside than the broader market is currently pricing in.</li>
<li>Position yourself at the forefront of innovation by reviewing these 26 AI penny stocks that are building real businesses around artificial intelligence, not just hype.</li>
<li>Lock in reliable income streams by targeting these 15 dividend stocks with yields &gt; 3% that can help support long term returns through market cycles.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过扫描这些 905 只被低估的股票，捕捉潜在的错误定价，这些股票基于现金流，可能提供比当前市场定价更强的上行空间。</li>
<li>通过审查这 26 只围绕人工智能建立真实业务而非单纯炒作的 AI 便士股票，站在创新的前沿。</li>
<li>通过锁定这些 15 只收益率超过 3% 的股息股票，确保可靠的收入来源，帮助支持长期回报。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，性质为一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

Topgolf Callaway Brands (MODG)：在经历了过去 12 个月的急剧反弹和近期的回调后重新评估其估值