MARINEMAX INC (HZO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HZO - US5679081084 - Common Stock
24.47 USD
-0.32 (-1.29%)
24.47 USD
0 (0%)
HZO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 123 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.
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
With a Return On Assets value of -1.28%, HZO perfoms like the industry average, outperforming 42.28% of the companies in the same industry.
HZO has a Return On Equity (-3.38%) which is in line with its industry peers.
HZO has a Return On Invested Capital (3.34%) which is in line with its industry peers.
HZO had an Average Return On Invested Capital over the past 3 years of 4.73%. This is significantly below the industry average of 12.14%.
| 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
With a decent Operating Margin value of 4.46%, HZO is doing good in the industry, outperforming 63.41% of the companies in the same industry.
HZO's Operating Margin has declined in the last couple of years.
HZO has a Gross Margin of 32.49%. This is in the lower half of the industry: HZO underperforms 61.79% of its industry peers.
HZO's Gross Margin has improved in the last couple of years.
| 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
HZO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
HZO has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, HZO has about the same amount of shares outstanding.
HZO has a worse debt/assets ratio than last year.
2.2 Solvency
HZO has an Altman-Z score of 1.80. This is a bad value and indicates that HZO is not financially healthy and even has some risk of bankruptcy.
HZO has a Altman-Z score (1.80) which is comparable to the rest of the industry.
HZO has a debt to FCF ratio of 92.74. This is a negative value and a sign of low solvency as HZO would need 92.74 years to pay back of all of its debts.
With a Debt to FCF ratio value of 92.74, HZO perfoms like the industry average, outperforming 42.28% of the companies in the same industry.
HZO has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.14, HZO is doing worse than 60.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 92.74 | ||
| Altman-Z | 1.8 |
ROIC/WACC0.39
WACC8.51%
2.3 Liquidity
A Current Ratio of 1.20 indicates that HZO should not have too much problems paying its short term obligations.
HZO's Current ratio of 1.20 is on the low side compared to the rest of the industry. HZO is outperformed by 60.98% of its industry peers.
A Quick Ratio of 0.32 indicates that HZO may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.32, HZO is doing worse than 69.92% of the companies in the same industry.
| 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%.
HZO shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -24.26% yearly.
HZO shows a decrease in Revenue. In the last year, the revenue decreased by -5.01%.
HZO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.87% yearly.
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
HZO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 50.07% yearly.
Based on estimates for the next years, HZO will show a small growth in Revenue. The Revenue will grow by 3.37% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 28.79, which means the current valuation is very expensive for HZO.
HZO's Price/Earnings ratio is a bit cheaper when compared to the industry. HZO is cheaper than 61.79% of the companies in the same industry.
When comparing the Price/Earnings ratio of HZO to the average of the S&P500 Index (26.92), we can say HZO is valued inline with the index average.
HZO is valuated quite expensively with a Price/Forward Earnings ratio of 27.18.
The rest of the industry has a similar Price/Forward Earnings ratio as HZO.
HZO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.79 | ||
| Fwd PE | 27.18 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HZO is valued cheaply inside the industry as 89.43% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HZO is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.81 | ||
| EV/EBITDA | 4.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HZO does not grow enough to justify the current Price/Earnings ratio.
HZO's earnings are expected to grow with 50.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.88
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% |
24.47
-0.32 (-1.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners97.92%
Inst Owner Change3.77%
Ins Owners2.85%
Ins Owner Change9.65%
Market Cap535.16M
Revenue(TTM)2.31B
Net Income(TTM)-31.63M
Analysts81.54
Price Target31.47 (28.61%)
Short Float %22.51%
Short Ratio12.67
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)-6.09%
PT rev (3m)-8.35%
EPS NQ rev (1m)-903.06%
EPS NQ rev (3m)-134.17%
EPS NY rev (1m)-52.83%
EPS NY rev (3m)-51.94%
Revenue NQ rev (1m)-0.53%
Revenue NQ rev (3m)-2.98%
Revenue NY rev (1m)-1.83%
Revenue NY rev (3m)-1.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.79 | ||
| Fwd PE | 27.18 | ||
| P/S | 0.23 | ||
| P/FCF | 44.81 | ||
| P/OCF | 7.35 | ||
| P/B | 0.57 | ||
| P/tB | 1.43 | ||
| EV/EBITDA | 4.97 |
EPS(TTM)0.85
EY3.47%
EPS(NY)0.9
Fwd EY3.68%
FCF(TTM)0.55
FCFY2.23%
OCF(TTM)3.33
OCFY13.6%
SpS105.59
BVpS42.85
TBVpS17.14
PEG (NY)4.88
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 | 1.8 |
F-Score5
WACC8.51%
ROIC/WACC0.39
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.
Can you provide the valuation status for MARINEMAX INC?
ChartMill assigns a valuation rating of 4 / 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 5.9% in the next year.