MALIBU BOATS INC - A (MBUU) Stock Fundamental Analysis
NASDAQ:MBUU - Nasdaq - US56117J1007 - Common Stock - Currency: USD
Overall MBUU gets a fundamental rating of 3 out of 10. We evaluated MBUU 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 is quite expensive at the moment. It does show a decent 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
MBUU has a Return On Assets (-1.19%) which is in line with its industry peers.
MBUU has a Return On Equity (-1.76%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.19% | ||
| ROE | -1.76% | ||
| 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's Gross Margin of 16.31% is on the low side compared to the rest of the industry. MBUU is outperformed by 86.67% of its industry peers.
In the last couple of years the Gross Margin of MBUU has declined.
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 | 16.31% |
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.
The number of shares outstanding for MBUU has been reduced compared to 1 year ago.
MBUU has less shares outstanding than it did 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 3.67 indicates that MBUU is not in any danger for bankruptcy at the moment.
MBUU's Altman-Z score of 3.67 is fine compared to the rest of the industry. MBUU outperforms 70.00% of its industry peers.
The Debt to FCF ratio of MBUU is 1.47, which is an excellent value as it means it would take MBUU, only 1.47 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.47, MBUU is in the better half of the industry, outperforming 80.00% 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.
MBUU has a Debt to Equity ratio (0.05) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 1.47 | ||
| Altman-Z | 3.67 |
ROIC/WACCN/A
WACC9.1%
2.3 Liquidity
MBUU has a Current Ratio of 1.60. This is a normal value and indicates that MBUU is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.60, MBUU is doing worse than 76.67% of the companies in the same industry.
MBUU has a Quick Ratio of 1.60. This is a bad value and indicates that MBUU is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.61, MBUU is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
MBUU shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -86.44%.
Measured over the past years, MBUU shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.40% on average per year.
Looking at the last year, MBUU shows a very negative growth in Revenue. The Revenue has decreased by -27.18% in the last year.
Measured over the past years, MBUU shows a small growth in Revenue. The Revenue has been growing by 3.92% on average per year.
EPS 1Y (TTM)-86.44%
EPS 3Y-31.4%
EPS 5Y-12.4%
EPS Q2Q%14.29%
Revenue 1Y (TTM)-27.18%
Revenue growth 3Y-3.64%
Revenue growth 5Y3.92%
Sales Q2Q%12.41%
3.2 Future
Based on estimates for the next years, MBUU will show a very strong growth in Earnings Per Share. The EPS will grow by 37.94% on average per year.
Based on estimates for the next years, MBUU will show a small growth in Revenue. The Revenue will grow by 4.55% on average per year.
EPS Next Y-14.98%
EPS Next 2Y19.37%
EPS Next 3Y27.58%
EPS Next 5Y37.94%
Revenue Next Year-3.79%
Revenue Next 2Y2.36%
Revenue Next 3Y3.55%
Revenue Next 5Y4.55%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 48.85, which means the current valuation is very expensive for MBUU.
The rest of the industry has a similar Price/Earnings ratio as MBUU.
Compared to an average S&P500 Price/Earnings ratio of 27.30, MBUU is valued quite expensively.
A Price/Forward Earnings ratio of 12.72 indicates a correct valuation of MBUU.
86.67% of the companies in the same industry are more expensive than MBUU, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MBUU to the average of the S&P500 Index (21.76), we can say MBUU is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.85 | ||
| Fwd PE | 12.72 |
4.2 Price Multiples
MBUU's Enterprise Value to EBITDA ratio is in line with the industry average.
MBUU's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.55 | ||
| EV/EBITDA | 18.22 |
4.3 Compensation for Growth
A more expensive valuation may be justified as MBUU's earnings are expected to grow with 27.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y19.37%
EPS Next 3Y27.58%
5. Dividend
5.1 Amount
MBUU does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
35.17
-0.46 (-1.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners114.57%
Inst Owner Change-0.1%
Ins Owners4.02%
Ins Owner Change0.16%
Market Cap674.91M
Analysts74.67
Price Target34.97 (-0.57%)
Short Float %8.09%
Short Ratio8.79
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)24.38%
Min EPS beat(2)3.05%
Max EPS beat(2)45.72%
EPS beat(4)3
Avg EPS beat(4)56.48%
Min EPS beat(4)-20.9%
Max EPS beat(4)198.04%
EPS beat(8)7
Avg EPS beat(8)41%
EPS beat(12)11
Avg EPS beat(12)29.35%
EPS beat(16)15
Avg EPS beat(16)25.6%
Revenue beat(2)1
Avg Revenue beat(2)0.86%
Min Revenue beat(2)-0.79%
Max Revenue beat(2)2.52%
Revenue beat(4)2
Avg Revenue beat(4)0.6%
Min Revenue beat(4)-1.23%
Max Revenue beat(4)2.52%
Revenue beat(8)4
Avg Revenue beat(8)0.93%
Revenue beat(12)8
Avg Revenue beat(12)2.28%
Revenue beat(16)11
Avg Revenue beat(16)2.81%
PT rev (1m)-6.98%
PT rev (3m)-20.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-37.72%
EPS NY rev (1m)-4.82%
EPS NY rev (3m)-13.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.95%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.85 | ||
| Fwd PE | 12.72 | ||
| P/S | 0.89 | ||
| P/FCF | 35.55 | ||
| P/OCF | 13.03 | ||
| P/B | 1.32 | ||
| P/tB | 2.31 | ||
| EV/EBITDA | 18.22 |
EPS(TTM)0.72
EY2.05%
EPS(NY)2.76
Fwd EY7.86%
FCF(TTM)0.99
FCFY2.81%
OCF(TTM)2.7
OCFY7.68%
SpS39.56
BVpS26.73
TBVpS15.2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.19% | ||
| ROE | -1.76% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 16.31% | ||
| FCFM | 2.5% |
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 Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 1.47 | ||
| Debt/EBITDA | 0.77 | ||
| Cap/Depr | 88.3% | ||
| Cap/Sales | 4.32% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 142.1% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 3.67 |
F-Score4
WACC9.1%
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)-86.44%
EPS 3Y-31.4%
EPS 5Y-12.4%
EPS Q2Q%14.29%
EPS Next Y-14.98%
EPS Next 2Y19.37%
EPS Next 3Y27.58%
EPS Next 5Y37.94%
Revenue 1Y (TTM)-27.18%
Revenue growth 3Y-3.64%
Revenue growth 5Y3.92%
Sales Q2Q%12.41%
Revenue Next Year-3.79%
Revenue Next 2Y2.36%
Revenue Next 3Y3.55%
Revenue Next 5Y4.55%
EBIT growth 1Y-102.08%
EBIT growth 3Y-34.98%
EBIT growth 5Y-15.94%
EBIT Next Year325.63%
EBIT Next 3Y93.22%
EBIT Next 5Y59.91%
FCF growth 1Y-80.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-66.32%
OCF growth 3Y-24.93%
OCF growth 5Y-7.38%