GOLF
Acushnet Holdings Corp.
GOLF has lower modeled downside risk, despite its lower overall score.
NIO
NIO Inc.
NIO has the edge over GOLF overall, supported by stronger fundamentals and stronger valuation.
GOLF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
GOLF's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
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's PE is in its fair range at 22x. If earnings grow as analysts expect, today's price would be 20x next year's earnings.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
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.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over GOLF on the outlook, with more favorable revenue and profitability expectations.
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 NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
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 NIO on profitability, with a higher operating margin.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over GOLF on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
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 still generates free cash flow, though less than at its 2026 peak: $238M over the past year.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B 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 NIO 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.
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
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.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
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.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
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 NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
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 NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.