MALIBU BOATS INC - A (MBUU) Stock Fundamental Analysis
NASDAQ:MBUU - Nasdaq - US56117J1007 - Common Stock - Currency: USD
MBUU gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Leisure Products industry. While MBUU seems to be doing ok healthwise, there are quite some concerns on its profitability. MBUU has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year MBUU was profitable.
MBUU had a positive operating cash flow in the past year.
Of the past 5 years MBUU 4 years were profitable.
Each year in the past 5 years MBUU had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -12.01%, MBUU is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
MBUU's Return On Equity of -17.41% is on the low side compared to the rest of the industry. MBUU is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.01% | ||
| ROE | -17.41% | ||
| ROIC | N/A |
ROA(3y)7.41%
ROA(5y)9.99%
ROE(3y)12.65%
ROE(5y)18.31%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Operating Margin of MBUU has declined.
MBUU has a Gross Margin of 16.14%. This is amonst the worse of the industry: MBUU underperforms 90.00% of its industry peers.
MBUU's Gross Margin has declined in the last couple of years.
MBUU does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 16.14% |
OM growth 3Y-32.53%
OM growth 5Y-19.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.42%
GM growth 5Y-6.11%
2. Health
2.1 Basic Checks
MBUU does not have a ROIC to compare to the WACC, probably because it is not profitable.
MBUU has less shares outstanding than it did 1 year ago.
The number of shares outstanding for MBUU has been reduced compared to 5 years ago.
MBUU has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 3.79 indicates that MBUU is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.79, MBUU is doing good in the industry, outperforming 76.67% of the companies in the same industry.
MBUU has a debt to FCF ratio of 1.06. This is a very positive value and a sign of high solvency as it would only need 1.06 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.06, MBUU is doing good in the industry, outperforming 73.33% of the companies in the same industry.
MBUU has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.05, MBUU is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 1.06 | ||
| Altman-Z | 3.79 |
ROIC/WACCN/A
WACC9.14%
2.3 Liquidity
A Current Ratio of 1.52 indicates that MBUU should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.52, MBUU is doing worse than 70.00% of the companies in the same industry.
A Quick Ratio of 0.45 indicates that MBUU may have some problems paying its short term obligations.
MBUU's Quick ratio of 0.45 is on the low side compared to the rest of the industry. MBUU is outperformed by 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
The earnings per share for MBUU have decreased strongly by -91.33% in the last year.
The earnings per share for MBUU have been decreasing by -12.40% on average. This is quite bad
MBUU shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -39.55%.
The Revenue has been growing slightly by 3.92% on average over the past years.
EPS 1Y (TTM)-91.33%
EPS 3Y-31.4%
EPS 5Y-12.4%
EPS Q2Q%-45.61%
Revenue 1Y (TTM)-39.55%
Revenue growth 3Y-3.64%
Revenue growth 5Y3.92%
Sales Q2Q%-5.11%
3.2 Future
The Earnings Per Share is expected to grow by 40.81% on average over the next years. This is a very strong growth
MBUU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.74% yearly.
EPS Next Y-1.68%
EPS Next 2Y32.79%
EPS Next 3Y46.09%
EPS Next 5Y40.81%
Revenue Next Year-1.5%
Revenue Next 2Y4.62%
Revenue Next 3Y3.43%
Revenue Next 5Y6.74%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 54.78 indicates a quite expensive valuation of MBUU.
The rest of the industry has a similar Price/Earnings ratio as MBUU.
When comparing the Price/Earnings ratio of MBUU to the average of the S&P500 Index (29.63), we can say MBUU is valued expensively.
MBUU is valuated reasonably with a Price/Forward Earnings ratio of 10.09.
Based on the Price/Forward Earnings ratio, MBUU is valued cheaper than 90.00% of the companies in the same industry.
MBUU's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.78 | ||
| Fwd PE | 10.09 |
4.2 Price Multiples
MBUU's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as MBUU.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.2 | ||
| EV/EBITDA | 22.04 |
4.3 Compensation for Growth
A more expensive valuation may be justified as MBUU's earnings are expected to grow with 46.09% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.79%
EPS Next 3Y46.09%
5. Dividend
5.1 Amount
No dividends for MBUU!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
34.51
-0.81 (-2.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners104.17%
Inst Owner Change0.89%
Ins Owners4.64%
Ins Owner Change1.89%
Market Cap677.78M
Analysts78.57
Price Target44.3 (28.37%)
Short Float %6.86%
Short Ratio7.58
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)2
Avg EPS beat(2)121.88%
Min EPS beat(2)45.72%
Max EPS beat(2)198.04%
EPS beat(4)3
Avg EPS beat(4)63.22%
Min EPS beat(4)-20.9%
Max EPS beat(4)198.04%
EPS beat(8)7
Avg EPS beat(8)41.57%
EPS beat(12)11
Avg EPS beat(12)31.65%
EPS beat(16)15
Avg EPS beat(16)25.91%
Revenue beat(2)2
Avg Revenue beat(2)2.21%
Min Revenue beat(2)1.9%
Max Revenue beat(2)2.52%
Revenue beat(4)2
Avg Revenue beat(4)-0.06%
Min Revenue beat(4)-3.43%
Max Revenue beat(4)2.52%
Revenue beat(8)5
Avg Revenue beat(8)1.92%
Revenue beat(12)9
Avg Revenue beat(12)3.25%
Revenue beat(16)12
Avg Revenue beat(16)3.18%
PT rev (1m)-4.1%
PT rev (3m)8.96%
EPS NQ rev (1m)-26.8%
EPS NQ rev (3m)-43.66%
EPS NY rev (1m)-17.8%
EPS NY rev (3m)-17.8%
Revenue NQ rev (1m)-6.93%
Revenue NQ rev (3m)-13.18%
Revenue NY rev (1m)-3.66%
Revenue NY rev (3m)-3.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.78 | ||
| Fwd PE | 10.09 | ||
| P/S | 0.92 | ||
| P/FCF | 31.2 | ||
| P/OCF | 11.32 | ||
| P/B | 1.33 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 22.04 |
EPS(TTM)0.63
EY1.83%
EPS(NY)3.42
Fwd EY9.91%
FCF(TTM)1.11
FCFY3.2%
OCF(TTM)3.05
OCFY8.83%
SpS37.37
BVpS25.96
TBVpS14.6
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.01% | ||
| ROE | -17.41% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 16.14% | ||
| FCFM | 2.96% |
ROA(3y)7.41%
ROA(5y)9.99%
ROE(3y)12.65%
ROE(5y)18.31%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)19.25%
ROCE(5y)20.67%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-32.53%
OM growth 5Y-19.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.42%
GM growth 5Y-6.11%
F-Score4
Asset Turnover0.99
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 1.06 | ||
| Debt/EBITDA | 0.74 | ||
| Cap/Depr | 107.35% | ||
| Cap/Sales | 5.2% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 193.53% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.52 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z | 3.79 |
F-Score4
WACC9.14%
ROIC/WACCN/A
Cap/Depr(3y)209.97%
Cap/Depr(5y)197.93%
Cap/Sales(3y)5.88%
Cap/Sales(5y)5.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-91.33%
EPS 3Y-31.4%
EPS 5Y-12.4%
EPS Q2Q%-45.61%
EPS Next Y-1.68%
EPS Next 2Y32.79%
EPS Next 3Y46.09%
EPS Next 5Y40.81%
Revenue 1Y (TTM)-39.55%
Revenue growth 3Y-3.64%
Revenue growth 5Y3.92%
Sales Q2Q%-5.11%
Revenue Next Year-1.5%
Revenue Next 2Y4.62%
Revenue Next 3Y3.43%
Revenue Next 5Y6.74%
EBIT growth 1Y-105.04%
EBIT growth 3Y-34.98%
EBIT growth 5Y-15.94%
EBIT Next Year360.2%
EBIT Next 3Y108.29%
EBIT Next 5Y62.79%
FCF growth 1Y-79.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-62.02%
OCF growth 3Y-24.93%
OCF growth 5Y-7.38%