BABA
Alibaba Group Holding Limited
BABA has a slight edge over GOLF overall, supported by stronger valuation and stronger modeled upside.
GOLF
Acushnet Holdings Corp.
GOLF has lower modeled downside risk, despite its lower overall score.
BABA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Weak | |
| Healthy |
BABA's balance sheet is currently healthy, and its revenue is stable, but its profitability and cash flow are under pressure.
GOLF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
GOLF's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
BABA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $69.66 | -26% |
| Fair | 20x | $86.59 | -8.2% |
| Current | 21x | $94.36 | — |
| Expensive | 26x | $115 | +22% |
Historical ranges are pointers, not guarantees.
BABA's PE is 21x, but its earnings don't support one, so it isn't a reliable read right now.
GOLF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $64.28 | -21% |
| Forward | 20x | $81.46 | — |
| Fair | 21x | $78.16 | -4.1% |
| Current | 22x | $81.46 | — |
| Expensive | 30x | $109 | +34% |
Historical ranges are pointers, not guarantees.
GOLF has the edge over BABA in the historical PE scenario, which offers more potential upside but is not a forecast.
BABA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
BABA has the edge over GOLF on the outlook, with more favorable revenue and profitability expectations.
GOLF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect GOLF's earnings to grow, with its revenue and profitability holding steady. However, they disagree widely on these estimates.
BABA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.42 | -52% |
| Q1 2026 | $6.57 | -18% |
| Q4 2025 | $5.79 | -22% |
| Q3 2025 | $7.85 | +49% |
| Q2 2025 | $9.27 | +116% |
| Q1 2025 | $8.06 | +71% |
| Q4 2024 | $7.47 | +24% |
| Q3 2024 | $5.26 | -35% |
BABA's earnings per share have fallen from their peak: $4.42 over the past year, against $9.27 in mid-2025. Its recent earnings include one-off gains.
GOLF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.99 | +7.9% |
| Q3 2026 | $3.70 | 0% |
| Q2 2026 | $3.68 | -2.6% |
| Q1 2026 | $2.85 | -22% |
| Q4 2025 | $3.11 | -7.7% |
| Q3 2025 | $3.70 | +24% |
| Q2 2025 | $3.78 | +28% |
| Q1 2025 | $3.64 | +24% |
| Q4 2024 | $3.37 | +15% |
GOLF has the edge over BABA on earnings, with stronger typical year-over-year growth.
BABA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $40.2B | +8.3% |
| Q1 2026 | $36.5B | +2.9% |
| Q4 2025 | $42.7B | +1.7% |
| Q3 2025 | $37.2B | +4.8% |
| Q2 2025 | $37.2B | +1.8% |
| Q1 2025 | $35.5B | +6.6% |
| Q4 2024 | $42B | +7.6% |
| Q3 2024 | $35.5B | +5.2% |
BABA's revenue has grown year over year for 16 quarters in a row: $40.2B last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.2% | -6.9 points |
| Q1 2026 | -0.3% | -12 points |
| Q4 2025 | 7.1% | -7.6 points |
| Q3 2025 | 2.2% | -13 points |
| Q2 2025 | 14% | -0.7 points |
| Q1 2025 | 12% | +5.4 points |
| Q4 2024 | 15% | +6.1 points |
| Q3 2024 | 15% | 0 points |
BABA's operating margin was 7.2% last quarter, down 6.9 points from the same quarter a year ago.
GOLF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $649.2M | -1.3% |
| Q2 2026 | $820M | +14% |
| Q1 2026 | $753M | +7.1% |
| Q4 2025 | $477.2M | +7.2% |
| Q3 2025 | $657.7M | +6% |
| Q2 2025 | $720.5M | +5.4% |
| Q1 2025 | $703.4M | -0.6% |
| Q4 2024 | $445.2M | +7.8% |
GOLF's revenue has picked up after two years of holding roughly level: $649M last quarter, down 1.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | -1.8 points |
| Q2 2026 | 22% | +6.3 points |
| Q1 2026 | 16% | -0.3 points |
| Q4 2025 | -3.8% | -2.6 points |
| Q3 2025 | 14% | +0.9 points |
| Q2 2025 | 15% | -0.3 points |
| Q1 2025 | 16% | -0.9 points |
| Q4 2024 | -1.2% | +4.8 points |
GOLF has the edge over BABA on profitability, with a higher operating margin.
BABA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$6.7B | -$4.1B |
| Q1 2026 | -$2.7B | +$1.5B |
| Q4 2025 | $1B | -90% |
| Q3 2025 | -$3.2B | -254% |
| Q2 2025 | -$2.7B | -182% |
| Q1 2025 | -$4.2B | -12231% |
| Q4 2024 | $10.4B | -4.8% |
| Q3 2024 | $2.1B | -62% |
BABA's free cash flow has turned negative after years in the green: −$11.6B over the past year.
GOLF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $191.4M | +40% |
| Q2 2026 | $233M | +69% |
| Q1 2026 | -$162.9M | -$31.3M |
| Q4 2025 | -$23.3M | +$9.9M |
| Q3 2025 | $136.9M | +11% |
| Q2 2025 | $138M | -30% |
| Q1 2025 | -$131.5M | -$14.7M |
| Q4 2024 | -$33.2M | -179% |
GOLF has the edge over BABA on cash generation, producing positive trailing cash flow while its opponent burns cash.
BABA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +11.1M shares |
| 1 year | +0.9% | +21.4M shares |
| 3 years | -6.2% | -161M shares |
| 5 years | -12% | -339M shares |
| Available history | -8.4% | -221M shares |
BABA has 2.4B diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $269.8M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
BABA spent $270M buying back its own shares over the past year, after none the year before.
GOLF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -445K shares |
| 1 year | -1.1% | -676K shares |
| 3 years | -12% | -7.9M shares |
| 5 years | -21% | -15.8M shares |
| Available history | -21% | -16.3M shares |
GOLF has the edge over BABA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $55.4M |
| Q2 2026 | $16M |
| Q1 2026 | $10M |
| Q4 2025 | $24M |
| Q3 2025 | $62.5M |
| Q2 2025 | $89.3M |
| Q1 2025 | $35.7M |
| Q4 2024 | $30.5M |
GOLF spent $105M buying back its own shares over the past year, down 52% from the year before.
BABA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.1x | Very low |
| Q3 2024 | -0.2x | Net Cash |
BABA has the edge over GOLF on leverage, with a lower net debt burden relative to earnings.
GOLF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.0x | Healthy |
GOLF's net debt is about 1.9 years of its operating earnings (EBITDA), down from 2.2 years a year ago.
BABA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 12.7 | Oversold |
BABA's weekly RSI is 38 (neutral) and its Stochastic is 13 (oversold).
GOLF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 19.9 | Oversold |
GOLF's weekly RSI is 41 (neutral) and its Stochastic is 20 (oversold).
BABA PE vs Consumer Cyclical Sector
| Metric | BABA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 18x | 19% above |
| PE % | 60 | 47 | 13 pts above |
BABA has the edge over GOLF on valuation relative to its sector.
GOLF PE vs Consumer Cyclical Sector
| Metric | GOLF | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 22% above |
| PE % | 61 | 47 | 14 pts above |
GOLF is trading at 22x earnings, a 22% premium to the Consumer Cyclical sector's median of 18x.
BABA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $104.7 | 9.9% below |
| 20 week MA | $111.1 | 15% below |
| 50 week MA | $128.0 | 26% below |
| 100 week MA | $127.7 | 26% below |
| 200 week MA | $106.4 | 11% below |
BABA is in a downtrend: it's below all five of its weekly moving averages, and 11% below its 200-week average.
GOLF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $81.9 | 0.5% below |
| 20 week MA | $90.8 | 10% below |
| 50 week MA | $92.6 | 12% below |
| 100 week MA | $82.5 | 1.3% below |
| 200 week MA | $70.9 | 15% above |
GOLF has the edge over BABA on trend strength, trading above more of its moving averages.
BABA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $215.5 | $222.0 | +3% |
| 2021 | $222.0 | $118.7 | -47% |
| 2022 | $118.7 | $85.7 | -28% |
| 2023 | $85.7 | $77.5 | -9.5% |
| 2024 | $77.5 | $85.1 | +9.7% |
| 2025 | $85.1 | $152.2 | +79% |
| 2026 YTD | $152.2 | $94.4 | -38% |
BABA has finished lower in three of the last six years. It's down 38% so far in 2026.
GOLF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.6 | $41.1 | +26% |
| 2021 | $41.1 | $51.7 | +26% |
| 2022 | $51.7 | $43.3 | -16% |
| 2023 | $43.3 | $63.2 | +46% |
| 2024 | $63.2 | $70.7 | +12% |
| 2025 | $70.7 | $83.0 | +17% |
| 2026 YTD | $83.0 | $81.5 | -1.9% |
GOLF has the edge over BABA on returns for 2026, with the stronger performance.