<p>Topgolf Callaway Brands (MODG) 安靜地實現了扭轉，儘管持續淨虧損，過去三個月股價上漲約 26%，過去一年上漲近 39%。</p>
<p>查看我們對 Topgolf Callaway Brands 的最新分析。</p>
<p>最近的回調，包括在強勁的 90 天上漲 26.07% 後，7 天股價回報為負 6.95%，看起來更像是喘息而非反轉。尤其是 1 年總股東回報為 38.67%，與深度負面的三年和五年總回報形成鮮明對比，這表明隨着投資者重新評估長期增長與過去執行風險，動能正在從低基數中重建。</p>
<p>如果你在將 MODG 與其他消費和休閒類股票進行比較，現在是擴大搜索範圍、發現高內部持股的快速增長股票的好時機。</p>
<p>儘管股價仍低於分析師目標，但從多年低點反彈迅速，關鍵問題是 Topgolf Callaway 是否仍被低估，或者市場是否已經在折扣完全的增長復甦。</p>
<h2>最受歡迎的敍述：1.8% 被低估</h2>
<p>最受關注的敍述將公允價值定在 11.72 美元，而最後收盤價為 11.51 美元，這個故事依賴於適度的上行空間和執行力。</p>
<blockquote>
<p><em>通過出售非核心資產（Jack Wolfskin）和有針對性的成本削減措施增強了公司的財務靈活性，提高了其在高投資回報率項目中再投資的能力，支持增長並改善利潤率，所有這些預計將對收益和股本回報產生積極影響。</em></p>
</blockquote>
<p>閲讀完整敍述。</p>
<p>好奇平穩的收入前景、上升的利潤率和大幅提高的未來收益倍數如何仍然支持上行嗎？完整的敍述將這些動態部分連接成一個單一的估值路線圖。想看看哪些假設在這個計算中真正起到關鍵作用嗎？</p>
<p><strong>結果：公允價值為 11.72 美元（被低估）</strong></p>
<p>完整閲讀敍述，瞭解預測背後的原因。</p>
<p>然而，關税帶來的持續利潤壓力和對大幅折扣的依賴可能迅速削弱今天估值所暗示的適度上行空間。</p>
<p>瞭解 Topgolf Callaway Brands 敍述的關鍵風險。</p>
<h2>自建 Topgolf Callaway Brands 敍述</h2>
<p>如果你對這個故事有不同看法或想自己深入數字分析，可以在幾分鐘內構建自定義視圖：按你的方式進行。</p>
<p>一個好的起點是我們的分析，強調投資者對 Topgolf Callaway Brands 的 3 個關鍵回報的樂觀預期。</p>
<h2>準備好採取下一步投資行動了嗎？</h2>
<p>不要停留在一個機會。現在使用 Simply Wall Street 篩選器，發現可以在其他人反應之前提升你投資組合優勢的集中想法。</p>
<ul>
<li>通過掃描這些 905 只被低估的股票，捕捉潛在的錯誤定價，這些股票基於現金流，可能提供比當前市場定價更強的上行空間。</li>
<li>通過審查這 26 只圍繞人工智能建立真實業務而非單純炒作的 AI 便士股票，站在創新的前沿。</li>
<li>通過鎖定這些 15 只收益率超過 3% 的股息股票，確保可靠的收入來源，幫助支持長期回報。</li>
</ul>
<p><em>這篇文章由 Simply Wall St 撰寫，性質為一般性。<strong>我們提供基於歷史數據和分析師預測的評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成買入或賣出任何股票的推薦，也未考慮你的目標或財務狀況。我們的目標是為你提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>

MODG

<p>Topgolf Callaway Brands (MODG) 在過去三個月內股價上漲了 26%，一年內上漲了 39%，儘管淨虧損。近期的回調錶明動能正在重建。當前股價為 11.51 美元，低於公允價值 11.72 美元，顯示出被低估的情況。通過資產出售和成本削減所帶來的財務靈活性支持了公司的增長。風險包括關税和折扣帶來的利潤壓力。建議投資者探索其他內部持股比例高的快速增長股票。Simply Wall St 提供基於歷史數據和預測的分析，而非財務建議</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) 安靜地實現了扭轉，儘管持續淨虧損，過去三個月股價上漲約 26%，過去一年上漲近 39%。</p>
</div><p>See our latest analysis for Topgolf Callaway Brands.</p>
<div class="lb-trans"><p>查看我們對 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>最近的回調，包括在強勁的 90 天上漲 26.07% 後，7 天股價回報為負 6.95%，看起來更像是喘息而非反轉。尤其是 1 年總股東回報為 38.67%，與深度負面的三年和五年總回報形成鮮明對比，這表明隨着投資者重新評估長期增長與過去執行風險，動能正在從低基數中重建。</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>如果你在將 MODG 與其他消費和休閒類股票進行比較，現在是擴大搜索範圍、發現高內部持股的快速增長股票的好時機。</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>儘管股價仍低於分析師目標，但從多年低點反彈迅速，關鍵問題是 Topgolf Callaway 是否仍被低估，或者市場是否已經在折扣完全的增長復甦。</p>
</div><h2>Most Popular Narrative Narrative: 1.8% Undervalued</h2>
<div class="lb-trans"><h2>最受歡迎的敍述：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>最受關注的敍述將公允價值定在 11.72 美元，而最後收盤價為 11.51 美元，這個故事依賴於適度的上行空間和執行力。</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>通過出售非核心資產（Jack Wolfskin）和有針對性的成本削減措施增強了公司的財務靈活性，提高了其在高投資回報率項目中再投資的能力，支持增長並改善利潤率，所有這些預計將對收益和股本回報產生積極影響。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>閲讀完整敍述。</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>好奇平穩的收入前景、上升的利潤率和大幅提高的未來收益倍數如何仍然支持上行嗎？完整的敍述將這些動態部分連接成一個單一的估值路線圖。想看看哪些假設在這個計算中真正起到關鍵作用嗎？</p>
</div><p><strong>Result: Fair Value of $11.72 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>結果：公允價值為 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>完整閲讀敍述，瞭解預測背後的原因。</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，關税帶來的持續利潤壓力和對大幅折扣的依賴可能迅速削弱今天估值所暗示的適度上行空間。</p>
</div><p>Find out about the key risks to this Topgolf Callaway Brands narrative.</p>
<div class="lb-trans"><p>瞭解 Topgolf Callaway Brands 敍述的關鍵風險。</p>
</div><h2>Build Your Own Topgolf Callaway Brands Narrative</h2>
<div class="lb-trans"><h2>自建 Topgolf Callaway Brands 敍述</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>如果你對這個故事有不同看法或想自己深入數字分析，可以在幾分鐘內構建自定義視圖：按你的方式進行。</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>一個好的起點是我們的分析，強調投資者對 Topgolf Callaway Brands 的 3 個關鍵回報的樂觀預期。</p>
</div><h2>Ready to act on your next investing move?</h2>
<div class="lb-trans"><h2>準備好採取下一步投資行動了嗎？</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>不要停留在一個機會。現在使用 Simply Wall Street 篩選器，發現可以在其他人反應之前提升你投資組合優勢的集中想法。</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>
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<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>通過掃描這些 905 只被低估的股票，捕捉潛在的錯誤定價，這些股票基於現金流，可能提供比當前市場定價更強的上行空間。</li>
<li>通過審查這 26 只圍繞人工智能建立真實業務而非單純炒作的 AI 便士股票，站在創新的前沿。</li>
<li>通過鎖定這些 15 只收益率超過 3% 的股息股票，確保可靠的收入來源，幫助支持長期回報。</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>這篇文章由 Simply Wall St 撰寫，性質為一般性。<strong>我們提供基於歷史數據和分析師預測的評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成買入或賣出任何股票的推薦，也未考慮你的目標或財務狀況。我們的目標是為你提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>
</div>

Topgolf Callaway Brands (MODG)：在經歷了過去 12 個月的急劇反彈和近期的回調後重新評估其估值