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Honma Golf Limited (6858.HK)

HKD2.83 -0.04 (-1.39%)
JP HKSE Consumer Cyclical Leisure
Address Roppongi Hills Mori Tower 1066135
Tokyo, JP
CEO Jianguo Liu
IPO 2016-10-06
ISIN KYG459461037

Explore sections of this company profile

Description

Honma Golf Limited functions as an investment holding company, focusing on the design, development, manufacturing, and global sales of a diverse selection of golf club equipment. Its operations span across Asia, North America, Europe, and other international markets. The company's extensive product portfolio includes various clubs, such as drivers, fairway woods, utilities, irons, wedges, and putters. Furthermore, they offer golf balls, bags, club head covers, gloves, footwear, belts, socks, and a range of other golf-related accessories, alongside apparel for both men and women. These products are sold under prominent brands like BERES, TOUR WORLD, Be ZEAL, and HONMA. Distribution occurs through its network of HONMA-branded self-operated stores, independent third-party retailers (including major sports equipment chains), and wholesale distributors who then supply other resellers. As of March 31, 2022, Honma Golf operated 80 proprietary HONMA retail outlets. Established in 1959, the company is headquartered in Tokyo, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD2.83 -0.04 (-1.39%)
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Volume Profile
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Liquidity & share structure
Average Volume
18.4K
Beta
0.01
Float Shares
131.43M
Free Float %
21.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +5.86% -2.03% -7.07% -13.47% -7.67% -14.75% -11.08% -36.06% -71.67% -71.67%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.83
DCF (Unlevered) 9.44 +233.6%
DCF (Levered) 10.72 +278.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.45
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Leisure: +7.6%
    +8.4% Q1'26: +12.9% (vs Q1'24)
  • EPS growth Leisure: +13.2%
    +543.2% Q1'26: +139.3% (vs Q1'24)
  • FCF margin FCF growth · Leisure: +30.4%
    -9.3% Q1'26: -8.3% (vs Q1'24)
  • EBIT margin Leisure: +11.0%
    +0.1% Q1'26: +9.3% (vs Q1'24)
  • ROIC Leisure: +6.9%
    +0.1% Q1'26: +29.0% (vs Q1'24)
  • Share dilution Leisure: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Leisure: -0.39×
    3.90× Q1'26: 0.87× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.03) × ERP
WACC = 80% × Ke + 20% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 9.44 Current price: 2.83
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Revenue
24.24B
est: 24.69B (-1.8%)
26.30B
est: 27.51B (-4.4%)
27.77B
est: 28.58B (-2.8%)
23.79B
est: 27.18B (-12.5%)
22.74B
est: 26.30B (-13.5%)
28.97B
est: 29.02B (-0.2%)
29.49B
est: 30.81B (-4.3%)
26.22B
est: 32.60B (-19.6%)
21.67B
est: 35.36B (-38.7%)
EBITDA
5.95B
est: 5.26B (+13.1%)
6.05B
est: 6.11M (+98,926.0%)
6.06B
est: 6.33B (-4.3%)
1.20B
est: 5.87B (-79.5%)
4.38B
est: 1.06B (+312.3%)
9.30B
est: 6.19B (+50.4%)
5.97B
est: 6.57B (-9.0%)
7.29B
est: 1.36B (+437.5%)
1.55B
est: 4.04B (-61.6%)
EBIT
5.59B
est: 3.39B (+64.7%)
5.40B
est: 6.09M (+88,486.6%)
5.62B
est: 5.68B (-1.1%)
-288.49M
est: 5.28B (-105.5%)
2.50B
est: -349.27M (+814.8%)
7.63B
est: 3.99B (+91.3%)
4.22B
est: 4.23B (-0.4%)
5.34B
est: -445.70M (+1,298.7%)
-713.50M
est: 4.11B (-117.4%)
Net Income
4.57B
est: 3.40B (+34.4%)
3.93B
est: 5.02M (+78,251.9%)
4.21B
est: 4.25B (-1.0%)
-732.36M
est: 4.03B (-118.2%)
1.86B
est: -674.93M (+375.4%)
6.19B
est: 2.54B (+144.0%)
3.26B
est: 2.63B (+23.9%)
4.83B
est: -861.27M (+660.6%)
-264.23M
est: 67.29B (-100.4%)
SGA
10.09B
est: 7.34B (+37.4%)
9.93B
est: 11.09M (+89,463.2%)
10.87B
est: 10.74B (+1.2%)
11.73B
est: 10.40B (+12.8%)
10.15B
est: 10.81B (-6.1%)
5.31B
est: 8.63B (-38.5%)
10.99B
est: 9.17B (+19.9%)
5.47B
est: 13.80B (-60.4%)
5.99B
est: 14.99B (-60.0%)
EPS
8.47
est: 5.61 (+50.9%)
6.46
est: 7.30 (-11.5%)
6.91
est: 7.84 (-11.9%)
-1.20
est: 3.12 (-138.4%)
3.07
est: 4.28 (-28.3%)
10.22
est: 4.19 (+143.9%)
5.38
est: 4.34 (+24.0%)
7.97
est: 107.73 (-92.6%)
-0.44
est: 110.56 (-100.4%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-05-26 B- 2/5 5/5 1/5 1/5 3/5 1/5 3/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.28B
OE per share TTM
5.41
Owner's Yield
187.34%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
22.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - International Vector Equity ETF DXIV 0.00% 181.15 0.53%
2 Dimensional - International Small Cap ETF DFIS 0.00% 181.13 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
31.9K
Shares Outstanding
605.64M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jianguo Liu Executive Chairman & President 2M male
Hongli Liu Executive Director 2M male
Jun Zuo Chief Administrative Officer, President of China Operations & Executive Director 673.7K male
Yasuki Ito Chief Marketing Officer, President of Japan Operations & Executive Director 606.3K male
Hiroshi Suwa Managing Executive Officer of Product Development male
Ying Man Sham Company Secretary female
Julia Chen Investor Relations Director female
Kenji Ueda Director of Golf Club Manufacturing & Procurement Dept. and Executive Officer of Production male
Weiwen Bian Chief Financial Officer & Chief Operating Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits