One-glance verdict
Undervalued
$53.38 our estimate vs market $20.88
Wall Street consensus: $24.00 (-55.0% lower than our fair-value estimate)
61% below our estimate, below the bear case
Fundamentals snapshot
Escalade, Incorporated
ESCA · NGM · Consumer Cyclical · Leisure
Current price
$20.88
52-week range
$12.25 - $23.07
Market cap
$287.18M
Balance sheet
Healthy
22.40x Strong cushion
Net cash $10.32M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
0 Risks
3 rewards · 0 risks
- Reward Revenue grew 0.6% last year.
- Reward Returns 13.5% on equity, ahead of 40% of its peers.
- Reward Free cash flow was positive in 8/10 years.
What this company does
Escalade, Incorporated
Escalade, Inc. makes and sells a lot of different sporting goods, like basketball hoops, archery equipment, and fitness gear, which brings in most of their money. This matters because their sales show how popular their sports products are with customers and if the company is able to make enough money after paying for everything it takes to make and sell those items.
How the company got here
Escalade, Incorporated has a long history, tracing its roots back to 1919. Over the decades, it has grown by acquiring and developing a wide array of sporting goods brands. This strategy has allowed the company to build a diverse portfolio, rather than focusing on a single product category. Its headquarters are located in Evansville, Indiana, serving as the central hub for its global operations.
What it actually does
Escalade manufactures, distributes, and sells sporting goods across North America, Europe, and other international markets. Think of them as the company behind many of the familiar brands you see in sporting goods stores and online. They offer a broad range of products designed for recreation, fitness, and competitive play, catering to a wide variety of sports and activities.
Archery
This segment includes a variety of archery equipment, such as bows, arrows, and related accessories. Brands like Bear Archery, Trophy Ridge, and SIK are part of this division. These products are used by both recreational archers and serious hunters, representing a significant portion of Escalade's offerings in the outdoor sporting goods market.
Basketball Goals
Escalade is a major player in the basketball goal market, offering products under well-known brands like Goalrilla, Goaliath, and Silverback. These range from in-ground systems for backyards to portable hoops for more casual use. This business line appeals to families and individuals looking to set up basketball play at home or in recreational facilities.
Table Tennis and Game Tables
Under brands such as STIGA and Ping-Pong, Escalade provides equipment for table tennis enthusiasts. Additionally, they offer game tables like hockey and soccer tables, as well as billiard tables and accessories from brands including Triumph and American Heritage Billiards. This segment caters to home entertainment and recreational game rooms.
Fitness Products
Escalade also offers a range of fitness equipment and accessories through various brands like STEP, Lifeline, and Kettleworx. This includes items such as kettlebells, resistance bands, and other workout gear designed for home gyms and personal training. This part of the business taps into the growing consumer interest in health and wellness.
What management is betting on now
Management is focused on leveraging its strong portfolio of brands to drive growth across its various sporting goods categories. A key strategy involves expanding its reach through multiple sales channels, including online retailers and direct-to-consumer sales, in addition to traditional brick-and-mortar stores. They aim to capitalize on trends in outdoor recreation, home fitness, and family entertainment to increase market share and profitability.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$11.73M
FY2025 Q1
$3.25M
FY2025 Q2
$12.86M
FY2025 Q3
$-1.26M
FY2025 Q4
$13.65M
FY2026 Q1
$5.29M
FY2026 Q2
$8.23M
FY2026 Q3
$13.96M
Revenue
$65.61M
Net income
$6.73M
Diluted EPS
0.48
Operating cash flow
$14.92M
Free cash flow
$13.96M
Fetching…
Sources
Revenue
$57.70M
Net income
$9.43M
Diluted EPS
0.68
Operating cash flow
$8.67M
Free cash flow
$8.23M
Fetching…
Sources
Revenue
$55.78M
Net income
$4.38M
Diluted EPS
0.32
Operating cash flow
$6.14M
Free cash flow
$5.29M
Fetching…
Sources
Revenue
$62.56M
Net income
$3.70M
Diluted EPS
0.27
Operating cash flow
$14.90M
Free cash flow
$13.65M
Fetching…
Sources
Revenue
$67.79M
Net income
$5.55M
Diluted EPS
0.40
Operating cash flow
$-965.00K
Free cash flow
$-1.26M
Fetching…
Sources
Revenue
$54.33M
Net income
$1.82M
Diluted EPS
0.13
Operating cash flow
$13.29M
Free cash flow
$12.86M
Fetching…
Sources
Revenue
$55.48M
Net income
$2.62M
Diluted EPS
0.19
Operating cash flow
$3.79M
Free cash flow
$3.25M
Fetching…
Sources
Revenue
$63.94M
Net income
$2.70M
Diluted EPS
0.20
Operating cash flow
$12.29M
Free cash flow
$11.73M
Fetching…
Sources
Is it cheap or expensive?
Fair value $53.38 vs current price $20.88
Wall Street consensus is the average analyst price target: $24.00 (-55.0% lower than our fair-value estimate).
Our most-likely fair value is $53.38 a share — about 155.7% above today's price of $20.88, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net cash $10.3M - more cash than debt. Interest coverage 22.4x.
Net debt
$-10.32M
Interest coverage
22.40x
Escalade, Incorporated's profit covers its interest bill about 22.4 times over. which is stronger than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
ESCA
BASELINE
Escalade, Incorporated
Total debt $14.21M Interest coverage 22.40x This is the baseline the peer rows are being compared against.
Total debt $51.63M Interest coverage -72.28x -100% vs ESCA This peer has almost no interest-payment cushion compared with ESCA.
Total debt $3.68B Interest coverage 0.90x -96% vs ESCA Carries about 24.9x less debt cushion than ESCA.
Total debt $253.03M Interest coverage 482.07x +2,052% vs ESCA Carries about 21.5x more debt cushion than ESCA.
Total debt $884.17M Interest coverage 5.04x -77% vs ESCA Carries about 4.4x less debt cushion than ESCA.
What you should know
The case for and against ESCA
3 Rewards
0 Risks
Rewards
-
Revenue grew 0.6% last year.
-
Returns 13.5% on equity, ahead of 40% of its peers.
-
Free cash flow was positive in 8/10 years.
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
11.93x
Forward P/E
10.65x
P/B
1.53x
P/S
1.19x
EV/EBITDA
11.10x
PEG ratio
1.05x
Profitability
How much profit each dollar creates
Gross margin
28.5%
Operating margin
10.8%
Net margin
10.0%
ROE
13.5%
ROA
5.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.08x
Current ratio
3.01x
Quick ratio
1.40x
Total debt
$14.21M
Total cash
$24.53M
Growth
How the business has been compounding
Revenue TTM
$241.66M
Revenue 5Y CAGR
-6.5%
EPS TTM
1.75
EPS 5Y CAGR
-8.9%
Cash flow
How much cash the business throws off
Operating CF TTM
$44.63M
Free CF TTM
$28.50M
FCF margin
11.8%
Dividend
Shareholder payout
Yield
2.9%
Payout ratio
34.7%
Last ex-div date
2027-01-04