MARINE PRODUCTS CORP (MPX) Stock Fundamental Analysis
NYSE:MPX - New York Stock Exchange, Inc. - US5684271084 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to MPX. MPX was compared to 30 industry peers in the Leisure Products industry. MPX scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MPX has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MPX had positive earnings in the past year.
MPX had a positive operating cash flow in the past year.
MPX had positive earnings in each of the past 5 years.
Each year in the past 5 years MPX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MPX (9.78%) is better than 93.33% of its industry peers.
Looking at the Return On Equity, with a value of 12.98%, MPX belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
MPX has a Return On Invested Capital of 9.79%. This is amongst the best in the industry. MPX outperforms 83.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MPX is significantly above the industry average of 8.15%.
The 3 year average ROIC (20.95%) for MPX is well above the current ROIC(9.79%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 12.98% | ||
| ROIC | 9.79% |
ROA(3y)18.3%
ROA(5y)18.46%
ROE(3y)23.86%
ROE(5y)24.6%
ROIC(3y)20.95%
ROIC(5y)21.9%
1.3 Margins
The Profit Margin of MPX (7.08%) is better than 86.67% of its industry peers.
MPX's Profit Margin has declined in the last couple of years.
MPX has a Operating Margin of 7.66%. This is in the better half of the industry: MPX outperforms 80.00% of its industry peers.
MPX's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 19.23%, MPX is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
MPX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.66% | ||
| PM (TTM) | 7.08% | ||
| GM | 19.23% |
OM growth 3Y-14.4%
OM growth 5Y-8.08%
PM growth 3Y-9.54%
PM growth 5Y-5.61%
GM growth 3Y-5.68%
GM growth 5Y-2.99%
2. Health
2.1 Basic Checks
MPX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for MPX has been increased compared to 1 year ago.
Compared to 5 years ago, MPX has more shares outstanding
There is no outstanding debt for MPX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
MPX has an Altman-Z score of 7.67. This indicates that MPX is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MPX (7.67) is better than 93.33% of its industry peers.
There is no outstanding debt for MPX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 7.67 |
ROIC/WACC1.08
WACC9.04%
2.3 Liquidity
MPX has a Current Ratio of 5.81. This indicates that MPX is financially healthy and has no problem in meeting its short term obligations.
MPX has a Current ratio of 5.81. This is amongst the best in the industry. MPX outperforms 100.00% of its industry peers.
MPX has a Quick Ratio of 3.17. This indicates that MPX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.17, MPX belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.81 | ||
| Quick Ratio | 3.17 |
3. Growth
3.1 Past
MPX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -61.42%.
The Earnings Per Share has been decreasing by -9.79% on average over the past years.
Looking at the last year, MPX shows a very negative growth in Revenue. The Revenue has decreased by -38.36% in the last year.
MPX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.13% yearly.
EPS 1Y (TTM)-61.42%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-25%
Revenue 1Y (TTM)-38.36%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%-32.53%
3.2 Future
Based on estimates for the next years, MPX will show a small growth in Earnings Per Share. The EPS will grow by 1.11% on average per year.
Based on estimates for the next years, MPX will show a small growth in Revenue. The Revenue will grow by 7.95% on average per year.
EPS Next Y-18.38%
EPS Next 2Y1.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.11%
Revenue Next 2Y7.95%
Revenue Next 3YN/A
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 17.47, which indicates a rather expensive current valuation of MPX.
Compared to the rest of the industry, the Price/Earnings ratio of MPX indicates a somewhat cheap valuation: MPX is cheaper than 73.33% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.64. MPX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 21.40, MPX is valued on the expensive side.
MPX's Price/Forward Earnings ratio is in line with the industry average.
MPX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.47 | ||
| Fwd PE | 21.4 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MPX is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, MPX is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12 | ||
| EV/EBITDA | 11.87 |
4.3 Compensation for Growth
MPX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.11%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.78%, MPX is a good candidate for dividend investing.
MPX's Dividend Yield is rather good when compared to the industry average which is at 4.90. MPX pays more dividend than 93.33% of the companies in the same industry.
MPX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.78% |
5.2 History
The dividend of MPX is nicely growing with an annual growth rate of 16.89%!
MPX has paid a dividend for at least 10 years, which is a reliable track record.
MPX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.89%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
261.17% of the earnings are spent on dividend by MPX. This is not a sustainable payout ratio.
MPX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP261.17%
EPS Next 2Y1.11%
EPS Next 3YN/A
8.56
-0.04 (-0.47%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners15.99%
Inst Owner Change0.18%
Ins Owners4.8%
Ins Owner Change0.42%
Market Cap299.26M
Analysts45
Price Target8.16 (-4.67%)
Short Float %3.01%
Short Ratio7.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.78% |
Yearly Dividend1.26
Dividend Growth(5Y)16.89%
DP261.17%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)77.71%
Min EPS beat(2)26.94%
Max EPS beat(2)128.48%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.45%
Min Revenue beat(2)-3.16%
Max Revenue beat(2)2.26%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-20.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.47 | ||
| Fwd PE | 21.4 | ||
| P/S | 1.27 | ||
| P/FCF | 12 | ||
| P/OCF | 10.14 | ||
| P/B | 2.32 | ||
| P/tB | 2.39 | ||
| EV/EBITDA | 11.87 |
EPS(TTM)0.49
EY5.72%
EPS(NY)0.4
Fwd EY4.67%
FCF(TTM)0.71
FCFY8.33%
OCF(TTM)0.84
OCFY9.87%
SpS6.77
BVpS3.69
TBVpS3.58
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 12.98% | ||
| ROCE | 11.9% | ||
| ROIC | 9.79% | ||
| ROICexc | 14.92% | ||
| ROICexgc | 15.5% | ||
| OM | 7.66% | ||
| PM (TTM) | 7.08% | ||
| GM | 19.23% | ||
| FCFM | 10.54% |
ROA(3y)18.3%
ROA(5y)18.46%
ROE(3y)23.86%
ROE(5y)24.6%
ROIC(3y)20.95%
ROIC(5y)21.9%
ROICexc(3y)32.66%
ROICexc(5y)31.62%
ROICexgc(3y)33.97%
ROICexgc(5y)33.01%
ROCE(3y)25.47%
ROCE(5y)26.62%
ROICexcg growth 3Y-20.57%
ROICexcg growth 5Y-18.72%
ROICexc growth 3Y-20.57%
ROICexc growth 5Y-18.41%
OM growth 3Y-14.4%
OM growth 5Y-8.08%
PM growth 3Y-9.54%
PM growth 5Y-5.61%
GM growth 3Y-5.68%
GM growth 5Y-2.99%
F-Score5
Asset Turnover1.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 164.97% | ||
| Cap/Sales | 1.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 141.21% | ||
| Profit Quality | 148.88% | ||
| Current Ratio | 5.81 | ||
| Quick Ratio | 3.17 | ||
| Altman-Z | 7.67 |
F-Score5
WACC9.04%
ROIC/WACC1.08
Cap/Depr(3y)238.99%
Cap/Depr(5y)178.67%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.31%
Profit Quality(3y)127.39%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-61.42%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-25%
EPS Next Y-18.38%
EPS Next 2Y1.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-38.36%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%-32.53%
Revenue Next Year3.11%
Revenue Next 2Y7.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-61.56%
EBIT growth 3Y-20.74%
EBIT growth 5Y-11.88%
EBIT Next Year20.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-46.58%
FCF growth 3YN/A
FCF growth 5Y-4.62%
OCF growth 1Y-48.06%
OCF growth 3Y300.39%
OCF growth 5Y-2.74%