MARINEMAX INC (HZO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HZO - US5679081084 - Common Stock
24.01 USD
+0.35 (+1.48%)
24.01 USD
0 (0%)
HZO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 122 industry peers in the Specialty Retail industry. Both the profitability and financial health of HZO have multiple concerns. HZO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
HZO had positive earnings in the past year.
In the past year HZO had a positive cash flow from operations.
Of the past 5 years HZO 4 years were profitable.
In multiple years HZO reported negative operating cash flow during the last 5 years.
1.2 Ratios
HZO has a Return On Assets (-1.08%) which is in line with its industry peers.
The Return On Equity of HZO (-2.85%) is comparable to the rest of the industry.
HZO has a Return On Invested Capital (3.71%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for HZO is significantly below the industry average of 11.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.08% | ||
| ROE | -2.85% | ||
| ROIC | 3.71% |
ROA(3y)1.56%
ROA(5y)6.94%
ROE(3y)4.15%
ROE(5y)12.76%
ROIC(3y)4.73%
ROIC(5y)10.19%
1.3 Margins
HZO's Operating Margin of 5.00% is fine compared to the rest of the industry. HZO outperforms 66.39% of its industry peers.
In the last couple of years the Operating Margin of HZO has declined.
Looking at the Gross Margin, with a value of 32.41%, HZO is in line with its industry, outperforming 40.16% of the companies in the same industry.
In the last couple of years the Gross Margin of HZO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5% | ||
| PM (TTM) | N/A | ||
| GM | 32.41% |
OM growth 3Y-27.03%
OM growth 5Y-9.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.37%
GM growth 5Y4.23%
2. Health
2.1 Basic Checks
HZO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for HZO has been reduced compared to 1 year ago.
The number of shares outstanding for HZO has been reduced compared to 5 years ago.
HZO has a worse debt/assets ratio than last year.
2.2 Solvency
HZO has an Altman-Z score of 1.81. This is a bad value and indicates that HZO is not financially healthy and even has some risk of bankruptcy.
HZO's Altman-Z score of 1.81 is in line compared to the rest of the industry. HZO outperforms 45.08% of its industry peers.
HZO has a Debt/Equity ratio of 1.17. This is a high value indicating a heavy dependency on external financing.
HZO has a Debt to Equity ratio (1.17) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.81 |
ROIC/WACC0.41
WACC9%
2.3 Liquidity
HZO has a Current Ratio of 1.21. This is a normal value and indicates that HZO is financially healthy and should not expect problems in meeting its short term obligations.
HZO's Current ratio of 1.21 is in line compared to the rest of the industry. HZO outperforms 41.80% of its industry peers.
HZO has a Quick Ratio of 1.21. This is a bad value and indicates that HZO is not financially healthy enough and could expect problems in meeting its short term obligations.
HZO's Quick ratio of 0.29 is on the low side compared to the rest of the industry. HZO is outperformed by 75.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The earnings per share for HZO have decreased strongly by -59.91% in the last year.
Measured over the past years, HZO shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -24.26% on average per year.
The Revenue has decreased by -5.01% in the past year.
The Revenue has been growing by 8.87% on average over the past years. This is quite good.
EPS 1Y (TTM)-59.91%
EPS 3Y-54.22%
EPS 5Y-24.26%
EPS Q2Q%-116.67%
Revenue 1Y (TTM)-5.01%
Revenue growth 3Y0.02%
Revenue growth 5Y8.87%
Sales Q2Q%-1.95%
3.2 Future
Based on estimates for the next years, HZO will show a very strong growth in Earnings Per Share. The EPS will grow by 61.10% on average per year.
HZO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.37% yearly.
EPS Next Y124.52%
EPS Next 2Y80.14%
EPS Next 3Y61.1%
EPS Next 5YN/A
Revenue Next Year3.85%
Revenue Next 2Y4.03%
Revenue Next 3Y3.37%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 28.25 indicates a quite expensive valuation of HZO.
Based on the Price/Earnings ratio, HZO is valued a bit cheaper than 63.11% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.41, HZO is valued at the same level.
With a Price/Forward Earnings ratio of 12.58, HZO is valued correctly.
76.23% of the companies in the same industry are more expensive than HZO, based on the Price/Forward Earnings ratio.
HZO is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.25 | ||
| Fwd PE | 12.58 |
4.2 Price Multiples
89.34% of the companies in the same industry are more expensive than HZO, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.68 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as HZO's earnings are expected to grow with 61.10% in the coming years.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y80.14%
EPS Next 3Y61.1%
5. Dividend
5.1 Amount
No dividends for HZO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
24.01
+0.35 (+1.48%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners94.73%
Inst Owner Change3.77%
Ins Owners2.55%
Ins Owner Change9.65%
Market Cap525.10M
Revenue(TTM)2.31B
Net Income(TTM)-26.78M
Analysts81.54
Price Target33.51 (39.57%)
Short Float %22.15%
Short Ratio11.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)12.16%
Min EPS beat(2)-59.12%
Max EPS beat(2)83.44%
EPS beat(4)2
Avg EPS beat(4)48.21%
Min EPS beat(4)-59.12%
Max EPS beat(4)189.48%
EPS beat(8)3
Avg EPS beat(8)6.98%
EPS beat(12)5
Avg EPS beat(12)4.55%
EPS beat(16)9
Avg EPS beat(16)9.43%
Revenue beat(2)1
Avg Revenue beat(2)-2.21%
Min Revenue beat(2)-12.47%
Max Revenue beat(2)8.06%
Revenue beat(4)1
Avg Revenue beat(4)-3.31%
Min Revenue beat(4)-12.47%
Max Revenue beat(4)8.06%
Revenue beat(8)4
Avg Revenue beat(8)-0.15%
Revenue beat(12)6
Avg Revenue beat(12)-0.01%
Revenue beat(16)8
Avg Revenue beat(16)-0.32%
PT rev (1m)-3.83%
PT rev (3m)-2.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.53%
EPS NY rev (1m)1.89%
EPS NY rev (3m)1.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.25 | ||
| Fwd PE | 12.58 | ||
| P/S | 0.23 | ||
| P/FCF | N/A | ||
| P/OCF | 49.67 | ||
| P/B | 0.56 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | 4.68 |
EPS(TTM)0.85
EY3.54%
EPS(NY)1.91
Fwd EY7.95%
FCF(TTM)-2.45
FCFYN/A
OCF(TTM)0.48
OCFY2.01%
SpS106.09
BVpS43.01
TBVpS17.23
PEG (NY)0.23
PEG (5Y)N/A
Graham Number28.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.08% | ||
| ROE | -2.85% | ||
| ROCE | 7.75% | ||
| ROIC | 3.71% | ||
| ROICexc | 3.98% | ||
| ROICexgc | 5.45% | ||
| OM | 5% | ||
| PM (TTM) | N/A | ||
| GM | 32.41% | ||
| FCFM | N/A |
ROA(3y)1.56%
ROA(5y)6.94%
ROE(3y)4.15%
ROE(5y)12.76%
ROIC(3y)4.73%
ROIC(5y)10.19%
ROICexc(3y)5.21%
ROICexc(5y)12.96%
ROICexgc(3y)7.5%
ROICexgc(5y)19.19%
ROCE(3y)9.35%
ROCE(5y)16.79%
ROICexgc growth 3Y-45.93%
ROICexgc growth 5Y-23.4%
ROICexc growth 3Y-45.55%
ROICexc growth 5Y-25.45%
OM growth 3Y-27.03%
OM growth 5Y-9.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.37%
GM growth 5Y4.23%
F-Score4
Asset Turnover0.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.72 | ||
| Cap/Depr | 134.26% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 1.5 | ||
| Cash Conversion | 6.45% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | 1.81 |
F-Score4
WACC9%
ROIC/WACC0.41
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-59.91%
EPS 3Y-54.22%
EPS 5Y-24.26%
EPS Q2Q%-116.67%
EPS Next Y124.52%
EPS Next 2Y80.14%
EPS Next 3Y61.1%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.01%
Revenue growth 3Y0.02%
Revenue growth 5Y8.87%
Sales Q2Q%-1.95%
Revenue Next Year3.85%
Revenue Next 2Y4.03%
Revenue Next 3Y3.37%
Revenue Next 5YN/A
EBIT growth 1Y-14.52%
EBIT growth 3Y-27.02%
EBIT growth 5Y-1%
EBIT Next Year50.04%
EBIT Next 3Y18.2%
EBIT Next 5YN/A
FCF growth 1Y51.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y121.05%
OCF growth 3YN/A
OCF growth 5YN/A
MARINEMAX INC / HZO FAQ
Can you provide the ChartMill fundamental rating for MARINEMAX INC?
ChartMill assigns a fundamental rating of 3 / 10 to HZO.
Can you provide the valuation status for MARINEMAX INC?
ChartMill assigns a valuation rating of 5 / 10 to MARINEMAX INC (HZO). This can be considered as Fairly Valued.
Can you provide the profitability details for MARINEMAX INC?
MARINEMAX INC (HZO) has a profitability rating of 3 / 10.
What is the expected EPS growth for MARINEMAX INC (HZO) stock?
The Earnings per Share (EPS) of MARINEMAX INC (HZO) is expected to grow by 124.52% in the next year.