Analyzing Topgolf Callaway Brands (NYSE:MODG) & Connexa Sports Technologies (NASDAQ:CNXA)

Topgolf Callaway Brands (NYSE:MODGGet Rating) and Connexa Sports Technologies (NASDAQ:CNXAGet Rating) are both consumer discretionary companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, valuation, risk, earnings, profitability and institutional ownership.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Topgolf Callaway Brands and Connexa Sports Technologies, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Topgolf Callaway Brands 0 0 3 0 3.00
Connexa Sports Technologies 0 0 0 0 N/A

Topgolf Callaway Brands presently has a consensus target price of $31.00, suggesting a potential upside of 50.19%. Given Topgolf Callaway Brands’ higher probable upside, research analysts clearly believe Topgolf Callaway Brands is more favorable than Connexa Sports Technologies.

Earnings & Valuation

This table compares Topgolf Callaway Brands and Connexa Sports Technologies’ revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Topgolf Callaway Brands $3.13 billion 1.22 $321.99 million $1.03 20.04
Connexa Sports Technologies $10.80 million 0.23 -$18.59 million N/A N/A

Topgolf Callaway Brands has higher revenue and earnings than Connexa Sports Technologies.

Insider and Institutional Ownership

78.1% of Topgolf Callaway Brands shares are owned by institutional investors. Comparatively, 15.4% of Connexa Sports Technologies shares are owned by institutional investors. 13.5% of Topgolf Callaway Brands shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Topgolf Callaway Brands and Connexa Sports Technologies’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Topgolf Callaway Brands 5.30% 4.63% 2.16%
Connexa Sports Technologies N/A N/A N/A

Summary

Topgolf Callaway Brands beats Connexa Sports Technologies on 10 of the 10 factors compared between the two stocks.

About Topgolf Callaway Brands

(Get Rating)

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, on-line retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites in the United States and approximately 120 countries. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.

About Connexa Sports Technologies

(Get Rating)

Connexa Sports Technologies Inc. operates as a sports company. It delivers products, technologies, and services across the watch, play, learn commercial and subscription-as-a-service activities in sports. The company was formerly known as Slinger Bag Inc. and changed its name to Connexa Sports Technologies Inc. in May 2022. Connexa Sports Technologies Inc. is based in Windsor Mill, Maryland.

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