MARINEMAX INC (HZO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HZO - US5679081084 - Common Stock
27.58 USD
-0.19 (-0.68%)
27.58 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to HZO. HZO was compared to 122 industry peers in the Specialty Retail industry. HZO has a bad profitability rating. Also its financial health evaluation is rather negative. HZO is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year HZO was profitable.
In the past year HZO had a positive cash flow from operations.
HZO had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: HZO reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of HZO (-1.28%) is comparable to the rest of the industry.
With a Return On Equity value of -3.38%, HZO perfoms like the industry average, outperforming 49.18% of the companies in the same industry.
With a Return On Invested Capital value of 3.34%, HZO perfoms like the industry average, outperforming 50.82% of the companies in the same industry.
HZO had an Average Return On Invested Capital over the past 3 years of 4.73%. This is significantly below the industry average of 12.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -3.38% | ||
| ROIC | 3.34% |
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
The Operating Margin of HZO (4.46%) is better than 63.11% of its industry peers.
In the last couple of years the Operating Margin of HZO has declined.
HZO has a worse Gross Margin (32.49%) than 61.48% of its industry peers.
In the last couple of years the Gross Margin of HZO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.46% | ||
| PM (TTM) | N/A | ||
| GM | 32.49% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HZO is destroying value.
HZO has less shares outstanding than it did 1 year ago.
HZO has about the same amout of shares outstanding than it did 5 years ago.
HZO has a worse debt/assets ratio than last year.
2.2 Solvency
HZO has an Altman-Z score of 1.83. This is not the best score and indicates that HZO is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of HZO (1.83) is comparable to the rest of the industry.
The Debt to FCF ratio of HZO is 92.74, which is on the high side as it means it would take HZO, 92.74 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 92.74, HZO is in line with its industry, outperforming 40.16% of the companies in the same industry.
A Debt/Equity ratio of 1.14 is on the high side and indicates that HZO has dependencies on debt financing.
The Debt to Equity ratio of HZO (1.14) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 92.74 | ||
| Altman-Z | 1.83 |
ROIC/WACC0.38
WACC8.81%
2.3 Liquidity
HZO has a Current Ratio of 1.20. This is a normal value and indicates that HZO is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.20, HZO perfoms like the industry average, outperforming 40.16% of the companies in the same industry.
HZO has a Quick Ratio of 1.20. This is a bad value and indicates that HZO is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.32, HZO is not doing good in the industry: 68.85% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
HZO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -59.91%.
The earnings per share for HZO have been decreasing by -24.26% on average. This is quite bad
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 50.07% on average per year.
The Revenue is expected to grow by 3.37% on average over the next years.
EPS Next Y5.9%
EPS Next 2Y39.26%
EPS Next 3Y50.07%
EPS Next 5YN/A
Revenue Next Year1.95%
Revenue Next 2Y2.98%
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
The Price/Earnings ratio is 32.45, which means the current valuation is very expensive for HZO.
60.66% of the companies in the same industry are more expensive than HZO, based on the Price/Earnings ratio.
HZO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.25.
HZO is valuated quite expensively with a Price/Forward Earnings ratio of 30.64.
The rest of the industry has a similar Price/Forward Earnings ratio as HZO.
When comparing the Price/Forward Earnings ratio of HZO to the average of the S&P500 Index (23.98), we can say HZO is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.45 | ||
| Fwd PE | 30.64 |
4.2 Price Multiples
88.52% of the companies in the same industry are more expensive than HZO, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as HZO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.51 | ||
| EV/EBITDA | 5.44 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
HZO's earnings are expected to grow with 50.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.5
PEG (5Y)N/A
EPS Next 2Y39.26%
EPS Next 3Y50.07%
5. Dividend
5.1 Amount
HZO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
27.58
-0.19 (-0.68%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners97.97%
Inst Owner Change0.05%
Ins Owners2.85%
Ins Owner Change9.65%
Market Cap603.17M
Revenue(TTM)2.31B
Net Income(TTM)-31.63M
Analysts81.54
Price Target31.47 (14.1%)
Short Float %22.26%
Short Ratio13.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)4.75%
Min EPS beat(2)-59.12%
Max EPS beat(2)68.62%
EPS beat(4)3
Avg EPS beat(4)70.61%
Min EPS beat(4)-59.12%
Max EPS beat(4)189.48%
EPS beat(8)4
Avg EPS beat(8)16.56%
EPS beat(12)5
Avg EPS beat(12)7.14%
EPS beat(16)9
Avg EPS beat(16)12.31%
Revenue beat(2)1
Avg Revenue beat(2)-4.93%
Min Revenue beat(2)-12.47%
Max Revenue beat(2)2.61%
Revenue beat(4)2
Avg Revenue beat(4)-1.55%
Min Revenue beat(4)-12.47%
Max Revenue beat(4)8.06%
Revenue beat(8)4
Avg Revenue beat(8)-1.17%
Revenue beat(12)6
Avg Revenue beat(12)0.01%
Revenue beat(16)9
Avg Revenue beat(16)0.51%
PT rev (1m)0%
PT rev (3m)-9.69%
EPS NQ rev (1m)-61.23%
EPS NQ rev (3m)-134.17%
EPS NY rev (1m)-4.61%
EPS NY rev (3m)-51.94%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-2.98%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-1.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.45 | ||
| Fwd PE | 30.64 | ||
| P/S | 0.26 | ||
| P/FCF | 50.51 | ||
| P/OCF | 8.28 | ||
| P/B | 0.64 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | 5.44 |
EPS(TTM)0.85
EY3.08%
EPS(NY)0.9
Fwd EY3.26%
FCF(TTM)0.55
FCFY1.98%
OCF(TTM)3.33
OCFY12.07%
SpS105.59
BVpS42.85
TBVpS17.14
PEG (NY)5.5
PEG (5Y)N/A
Graham Number28.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -3.38% | ||
| ROCE | 6.94% | ||
| ROIC | 3.34% | ||
| ROICexc | 3.62% | ||
| ROICexgc | 5% | ||
| OM | 4.46% | ||
| PM (TTM) | N/A | ||
| GM | 32.49% | ||
| FCFM | 0.52% |
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-Score5
Asset Turnover0.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 92.74 | ||
| Debt/EBITDA | 7.03 | ||
| Cap/Depr | 123.41% | ||
| Cap/Sales | 2.64% | ||
| Interest Coverage | 1.33 | ||
| Cash Conversion | 47.78% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z | 1.83 |
F-Score5
WACC8.81%
ROIC/WACC0.38
Cap/Depr(3y)139.54%
Cap/Depr(5y)177.5%
Cap/Sales(3y)2.62%
Cap/Sales(5y)2.33%
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 Y5.9%
EPS Next 2Y39.26%
EPS Next 3Y50.07%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.01%
Revenue growth 3Y0.02%
Revenue growth 5Y8.87%
Sales Q2Q%-1.95%
Revenue Next Year1.95%
Revenue Next 2Y2.98%
Revenue Next 3Y3.37%
Revenue Next 5YN/A
EBIT growth 1Y-19.62%
EBIT growth 3Y-27.02%
EBIT growth 5Y-1%
EBIT Next Year25.8%
EBIT Next 3Y19.63%
EBIT Next 5YN/A
FCF growth 1Y113.87%
FCF growth 3Y-12.94%
FCF growth 5Y-47.23%
OCF growth 1Y383.73%
OCF growth 3Y-1.68%
OCF growth 5Y-24.9%
MARINEMAX INC / HZO FAQ
Can you provide the ChartMill fundamental rating for MARINEMAX INC?
ChartMill assigns a fundamental rating of 3 / 10 to HZO.
What is the valuation status of MARINEMAX INC (HZO) stock?
ChartMill assigns a valuation rating of 3 / 10 to MARINEMAX INC (HZO). This can be considered as Overvalued.
Can you provide the profitability details for MARINEMAX INC?
MARINEMAX INC (HZO) has a profitability rating of 3 / 10.
Can you provide the financial health for HZO stock?
The financial health rating of MARINEMAX INC (HZO) is 3 / 10.