MARINE PRODUCTS CORP (MPX) Stock Fundamental Analysis
NYSE:MPX - New York Stock Exchange, Inc. - US5684271084 - Common Stock - Currency: USD
Overall MPX gets a fundamental rating of 6 out of 10. We evaluated MPX against 30 industry peers in the Leisure Products industry. Both the health and profitability get an excellent rating, making MPX a very profitable company, without any liquidiy or solvency issues. MPX is valued correctly, 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
Looking at the Return On Assets, with a value of 9.87%, MPX belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
With an excellent Return On Equity value of 13.10%, MPX belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
MPX's Return On Invested Capital of 9.79% is amongst the best of the industry. MPX outperforms 86.67% 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 8.27%.
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 | 9.87% | ||
| ROE | 13.1% | ||
| ROIC | 9.79% |
ROA(3y)18.52%
ROA(5y)18.59%
ROE(3y)24.15%
ROE(5y)24.77%
ROIC(3y)20.95%
ROIC(5y)21.9%
1.3 Margins
MPX has a better Profit Margin (7.14%) than 90.00% of its industry peers.
In the last couple of years the Profit Margin of MPX has declined.
MPX has a better Operating Margin (7.66%) than 76.67% of its industry peers.
MPX's Operating Margin has declined in the last couple of years.
MPX's Gross Margin of 19.23% is on the low side compared to the rest of the industry. MPX is outperformed by 83.33% of its industry peers.
In the last couple of years the Gross Margin of MPX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.66% | ||
| PM (TTM) | 7.14% | ||
| GM | 19.23% |
OM growth 3Y-14.4%
OM growth 5Y-8.08%
PM growth 3Y-7.59%
PM growth 5Y-4.4%
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.
MPX has more shares outstanding than it did 5 years ago.
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
An Altman-Z score of 7.63 indicates that MPX is not in any danger for bankruptcy at the moment.
MPX's Altman-Z score of 7.63 is amongst the best of the industry. MPX outperforms 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 | 7.63 |
ROIC/WACC1.08
WACC9.06%
2.3 Liquidity
A Current Ratio of 5.81 indicates that MPX has no problem at all paying 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.
A Quick Ratio of 3.17 indicates that MPX has no problem at all paying its short term obligations.
MPX has a Quick ratio of 3.17. This is amongst the best in the industry. MPX outperforms 100.00% of its industry peers.
| 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.
MPX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -38.36%.
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
MPX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.11% yearly.
MPX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.95% yearly.
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.
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
The Price/Earnings ratio is 17.53, 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 66.67% of the companies listed in the same industry.
MPX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.63.
With a Price/Forward Earnings ratio of 21.48, MPX is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MPX is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of MPX to the average of the S&P500 Index (22.68), we can say MPX is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.53 | ||
| Fwd PE | 21.48 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MPX indicates a somewhat cheap valuation: MPX is cheaper than 66.67% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MPX is valued a bit cheaper than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.96 | ||
| EV/EBITDA | 11.75 |
4.3 Compensation for Growth
The decent profitability rating of MPX 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 6.46%, MPX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.10, MPX pays a better dividend. On top of this MPX pays more dividend than 96.67% of the companies listed in the same industry.
MPX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.46% |
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
258.84% of the earnings are spent on dividend by MPX. This is not a sustainable payout ratio.
The dividend of MPX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP258.84%
EPS Next 2Y1.11%
EPS Next 3YN/A
8.59
-0.08 (-0.92%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners15.99%
Inst Owner Change-73.07%
Ins Owners4.8%
Ins Owner Change0.42%
Market Cap298.16M
Analysts45
Price Target8.16 (-5.01%)
Short Float %2.81%
Short Ratio6.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.46% |
Yearly Dividend1.26
Dividend Growth(5Y)16.89%
DP258.84%
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)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-20.96%
EPS NY rev (3m)-20.96%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.8%
Revenue NY rev (3m)-1.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.53 | ||
| Fwd PE | 21.48 | ||
| P/S | 1.26 | ||
| P/FCF | 11.96 | ||
| P/OCF | 10.1 | ||
| P/B | 2.31 | ||
| P/tB | 2.38 | ||
| EV/EBITDA | 11.75 |
EPS(TTM)0.49
EY5.7%
EPS(NY)0.4
Fwd EY4.66%
FCF(TTM)0.72
FCFY8.36%
OCF(TTM)0.85
OCFY9.9%
SpS6.82
BVpS3.72
TBVpS3.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.87% | ||
| ROE | 13.1% | ||
| ROCE | 11.9% | ||
| ROIC | 9.79% | ||
| ROICexc | 14.92% | ||
| ROICexgc | 15.5% | ||
| OM | 7.66% | ||
| PM (TTM) | 7.14% | ||
| GM | 19.23% | ||
| FCFM | 10.54% |
ROA(3y)18.52%
ROA(5y)18.59%
ROE(3y)24.15%
ROE(5y)24.77%
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-7.59%
PM growth 5Y-4.4%
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 | 147.55% | ||
| Current Ratio | 5.81 | ||
| Quick Ratio | 3.17 | ||
| Altman-Z | 7.63 |
F-Score5
WACC9.06%
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)124.31%
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 Year87.01%
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%