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MarineMax

DB:MLW
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MLW
DB
$395M
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. The last earnings update was 22 days ago. More info.


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MLW Share Price and Events
7 Day Returns
-5%
DB:MLW
-5.7%
DE Specialty Retail
-1.6%
DE Market
1 Year Returns
-27.4%
DB:MLW
-13%
DE Specialty Retail
-10.5%
DE Market
MLW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MarineMax (MLW) -5% -14.4% -14.6% -27.4% -26.2% -4.4%
DE Specialty Retail -5.7% -8% -6.9% -13% -54.8% -54%
DE Market -1.6% -5.4% -6% -10.5% -0% 8.1%
1 Year Return vs Industry and Market
  • MLW underperformed the Specialty Retail industry which returned -13% over the past year.
  • MLW underperformed the Market in Germany which returned -10.5% over the past year.
Price Volatility
MLW
Industry
5yr Volatility vs Market

Value

 Is MarineMax undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MarineMax to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MarineMax.

DB:MLW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MLW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.846 (1 + (1- 21%) (73.44%))
1.226
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.226 * 5.96%)
7.53%

Discounted Cash Flow Calculation for DB:MLW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MarineMax is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MLW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.53%)
2020 18.00 Analyst x1 16.74
2021 22.00 Analyst x1 19.03
2022 26.00 Analyst x1 20.91
2023 28.00 Analyst x1 20.94
2024 29.47 Est @ 5.26% 20.50
2025 30.58 Est @ 3.75% 19.78
2026 31.40 Est @ 2.69% 18.89
2027 32.01 Est @ 1.95% 17.91
2028 32.47 Est @ 1.44% 16.89
2029 32.82 Est @ 1.07% 15.88
Present value of next 10 years cash flows $187.45
DB:MLW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $32.82 × (1 + 0.23%) ÷ (7.53% – 0.23%)
$450.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $450.37 ÷ (1 + 7.53%)10
$217.87
DB:MLW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $187.45 + $217.87
$405.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $405.32 / 27.35
$14.82
DB:MLW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MLW represents 0.88316x of NYSE:HZO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88316x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 14.82 x 0.88316
€13.09
Value per share (EUR) From above. €13.09
Current discount Discount to share price of €12.74
= -1 x (€12.74 - €13.09) / €13.09
2.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MarineMax is available for.
Intrinsic value
3%
Share price is €12.74 vs Future cash flow value of €13.09
Current Discount Checks
For MarineMax to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MarineMax's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • MarineMax's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MarineMax's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MarineMax's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MLW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.81
NYSE:HZO Share Price ** NYSE (2019-08-16) in USD $14.43
Germany Specialty Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 10.33x
Germany Market PE Ratio Median Figure of 410 Publicly-Listed Companies 18.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MarineMax.

DB:MLW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HZO Share Price ÷ EPS (both in USD)

= 14.43 ÷ 1.81

7.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MarineMax is good value based on earnings compared to the DE Specialty Retail industry average.
  • MarineMax is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does MarineMax's expected growth come at a high price?
Raw Data
DB:MLW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
15.8%per year
Germany Specialty Retail Industry PEG Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 1.18x
Germany Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

DB:MLW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.98x ÷ 15.8%

0.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MarineMax is good value based on expected growth next year.
Price based on value of assets
What value do investors place on MarineMax's assets?
Raw Data
DB:MLW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $17.07
NYSE:HZO Share Price * NYSE (2019-08-16) in USD $14.43
Germany Specialty Retail Industry PB Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 0.8x
Germany Market PB Ratio Median Figure of 567 Publicly-Listed Companies 1.64x
DB:MLW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HZO Share Price ÷ Book Value per Share (both in USD)

= 14.43 ÷ 17.07

0.85x

* Primary Listing of MarineMax.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MarineMax is overvalued based on assets compared to the DE Specialty Retail industry average.
X
Value checks
We assess MarineMax's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. MarineMax has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MarineMax expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MarineMax expected to grow at an attractive rate?
  • MarineMax's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • MarineMax's earnings growth is expected to exceed the Germany market average.
  • MarineMax's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MLW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MLW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 15.8%
DB:MLW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.7%
Germany Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
Germany Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MLW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MLW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 1,419 74 1
2022-09-30 1,419 71 1
2021-09-30 1,328 56 43 3
2020-09-30 1,290 52 41 7
2019-09-30 1,236 50 37 6
DB:MLW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,238 22 41
2019-03-31 1,215 28 39
2018-12-31 1,182 62 40
2018-09-30 1,177 70 39
2018-06-30 1,119 63 32
2018-03-31 1,088 28 29
2017-12-31 1,062 -8 25
2017-09-30 1,052 5 24
2017-06-30 1,029 -7 25
2017-03-31 1,045 34 25
2016-12-31 999 35 25
2016-09-30 942 23 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MarineMax's earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
  • MarineMax's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MLW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from MarineMax Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MLW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 1.92 1.97 1.90 3.00
2020-09-30 1.80 2.00 1.70 7.00
2019-09-30 1.62 1.65 1.60 6.00
DB:MLW Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.81
2019-03-31 1.73
2018-12-31 1.78
2018-09-30 1.77
2018-06-30 1.42
2018-03-31 1.25
2017-12-31 1.07
2017-09-30 0.98
2017-06-30 1.04
2017-03-31 1.02
2016-12-31 1.01
2016-09-30 0.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MarineMax will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MarineMax's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MarineMax has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MarineMax performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MarineMax's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MarineMax's year on year earnings growth rate has been positive over the past 5 years.
  • MarineMax's 1-year earnings growth exceeds its 5-year average (28.9% vs 11%)
  • MarineMax's earnings growth has exceeded the DE Specialty Retail industry average in the past year (28.9% vs -0.4%).
Earnings and Revenue History
MarineMax's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MarineMax Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MLW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,237.61 40.84 250.93
2019-03-31 1,215.37 39.13 244.85
2018-12-31 1,182.39 40.01 239.54
2018-09-30 1,177.37 39.31 235.29
2018-06-30 1,119.40 31.68 227.49
2018-03-31 1,087.95 28.55 224.16
2017-12-31 1,062.37 25.12 220.28
2017-09-30 1,052.32 23.55 217.13
2017-06-30 1,029.06 25.22 210.47
2017-03-31 1,044.84 24.80 205.24
2016-12-31 999.39 24.54 193.92
2016-09-30 942.05 22.58 185.78
2016-06-30 903.95 49.83 180.07
2016-03-31 790.20 50.87 166.79
2015-12-31 762.78 48.77 163.89
2015-09-30 751.37 48.29 160.45
2015-06-30 726.20 20.57 155.53
2015-03-31 708.76 17.22 156.12
2014-12-31 673.23 14.86 151.25
2014-09-30 624.69 11.27 147.43
2014-06-30 610.29 11.36 150.52
2014-03-31 571.64 13.49 134.93
2013-12-31 595.04 15.82 135.34
2013-09-30 584.50 15.02 132.51
2013-06-30 572.16 8.22 125.28
2013-03-31 547.74 -0.80 133.89
2012-12-31 531.72 1.15 128.79
2012-09-30 524.46 1.10 127.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MarineMax has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MarineMax used its assets more efficiently than the DE Specialty Retail industry average last year based on Return on Assets.
  • MarineMax has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MarineMax's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MarineMax has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MarineMax's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MarineMax's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MarineMax is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MarineMax's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MarineMax's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MarineMax Company Filings, last reported 1 month ago.

DB:MLW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 369.79 289.84 71.62
2019-03-31 368.49 297.53 63.60
2018-12-31 361.44 270.72 38.58
2018-09-30 353.09 212.95 48.82
2018-06-30 341.62 232.76 62.11
2018-03-31 318.94 299.16 57.10
2017-12-31 309.46 307.74 35.57
2017-09-30 302.20 254.18 41.95
2017-06-30 334.73 241.64 58.93
2017-03-31 320.79 265.92 51.67
2016-12-31 315.53 213.51 37.08
2016-09-30 312.47 166.55 38.59
2016-06-30 301.66 176.97 55.56
2016-03-31 286.29 219.03 43.97
2015-12-31 285.13 187.52 25.16
2015-09-30 283.65 137.19 32.61
2015-06-30 258.78 137.39 47.45
2015-03-31 244.55 165.29 42.70
2014-12-31 241.16 157.23 17.76
2014-09-30 239.30 124.42 27.84
2014-06-30 233.78 131.04 41.82
2014-03-31 221.18 160.10 30.80
2013-12-31 221.25 125.91 15.90
2013-09-30 221.81 122.47 23.76
2013-06-30 215.98 142.33 37.30
2013-03-31 200.88 141.13 30.09
2012-12-31 198.18 123.37 15.39
2012-09-30 200.94 120.65 23.62
  • MarineMax's level of debt (78.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (56% vs 78.4% today).
  • Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess MarineMax's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MarineMax has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MarineMax's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MarineMax dividends. Estimated to be 0% next year.
If you bought €2,000 of MarineMax shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MarineMax's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MarineMax's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MLW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MLW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 0.00 1.00
2020-09-30 0.00 1.00
2019-09-30 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MarineMax has not reported any payouts.
  • Unable to verify if MarineMax's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MarineMax's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MarineMax has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of MarineMax's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess MarineMax's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MarineMax afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MarineMax has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MarineMax's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
William McGill
COMPENSATION $1,387,091
AGE 51
TENURE AS CEO 0.8 years
CEO Bio

MMr. William Brett McGill is the Chief Executive Officer at MarineMax, Inc. since October 1, 2018 and is the President of MarineMax, Inc. since October 01, 2017. He was the Chief Operating Officer of MarineMax, Inc. since October 2017 till October 1, 2018. Mr. McGill served as Executive Vice President of MarineMax, Inc. from October 2016 to 1, 2017 and also served as its Executive Vice President of Operations from October 01, 2015 to September 30, 2016. He served as Vice President of West Operations at MarineMax, Inc. from May 2012 to September 2015. Mr. McGill served as Regional President of MarineMax, Inc., from March 2006 to May 2012 and as its Vice President of Information Technology, Service and Parts from October 2004 to March 2006 and as Director of Information Services from March 1998 to October 2004. Mr. McGill began his professional career with a software development firm, Integrated Dealer Systems, prior to joining MarineMax, Inc. in 1996. Mr. McGill was also employed at Gulfwind Marine in 1996.

CEO Compensation
  • William's compensation has been consistent with company performance over the past year, both up more than 20%.
  • William's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the MarineMax management team in years:

1.8
Average Tenure
55
Average Age
  • The average tenure for the MarineMax management team is less than 2 years, this suggests a new team.
Management Team

William McGill

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
75
TENURE
0.8 yrs

William McGill

TITLE
President & CEO
COMPENSATION
$1M
AGE
51
TENURE
0.8 yrs

Michael McLamb

TITLE
Executive VP
COMPENSATION
$1M
AGE
54
TENURE
21.6 yrs

Anthony Cassella

TITLE
VP & Chief Accounting Officer
COMPENSATION
$480K
AGE
50
TENURE
4.8 yrs

Chuck Cashman

TITLE
Executive VP & Chief Revenue Officer
COMPENSATION
$987K
AGE
56
TENURE
2.8 yrs

Kyle Langbehn

TITLE
Vice President of Operations

Michael Aiello

TITLE
National Director of Special Projects
COMPENSATION
$583K
AGE
63
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the MarineMax board of directors in years:

5.9
Average Tenure
72
Average Age
  • The tenure for the MarineMax board of directors is about average.
Board of Directors

Michael McLamb

TITLE
Executive VP
COMPENSATION
$1M
AGE
54
TENURE
15.8 yrs

Hilliard Eure

TITLE
Director
COMPENSATION
$190K
AGE
82
TENURE
14.7 yrs

William McGill

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
75
TENURE
21.4 yrs

Joe Watters

TITLE
Independent Director
COMPENSATION
$135K
AGE
77
TENURE
13.8 yrs

Clint Moore

TITLE
Director
COMPENSATION
$187K
AGE
71
TENURE
4.7 yrs

Charles Oglesby

TITLE
Independent Director
COMPENSATION
$102K
AGE
72
TENURE
7.2 yrs

Evelyn Follit

TITLE
Director
COMPENSATION
$163K
AGE
72
TENURE
3.9 yrs

George Borst

TITLE
Director
COMPENSATION
$110K
AGE
71
TENURE
3.3 yrs

Rebecca White

TITLE
Director
COMPENSATION
$12K
AGE
61
TENURE
1.3 yrs

Dean Woodman

TITLE
Director Emeritus
COMPENSATION
$127K
AGE
90
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess MarineMax's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MarineMax has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats. It also provides marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company offers novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters power yachts. Further, it provides new or used boat finance services; and arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, credit life, accident, and casualty insurance coverage. As of November 1, 2018, the company had 63 retail locations in Alabama, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, and Texas. Additionally, it maintains a vacations operations facility in Tortola, British Virgin Islands. The company also markets and sells its products through offsite locations, print catalog, and Internet. MarineMax, Inc. was founded in 1998 and is headquartered in Clearwater, Florida.

Details
Name: MarineMax, Inc.
MLW
Exchange: DB
Founded: 1998
$355,679,759
27,350,901
Website: http://www.marinemax.com
Address: MarineMax, Inc.
2600 McCormick Drive,
Suite 200,
Clearwater,
Florida, 33759,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HZO Common Stock New York Stock Exchange US USD 03. Jun 1998
DB MLW Common Stock Deutsche Boerse AG DE EUR 03. Jun 1998
Number of employees
Current staff
Staff numbers
1,573
MarineMax employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 20:49
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/05
Last earnings filing: 2019/07/26
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.