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Malibu Boats

Nasdaq:MBUU
Snowflake Description

Outstanding track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MBUU
Nasdaq
$961M
Imp Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Malibu Boats has significant price volatility in the past 3 months.
MBUU Share Price and Events
7 Day Returns
5.7%
NasdaqGM:MBUU
-2.5%
US Leisure
1.4%
US Market
1 Year Returns
35.1%
NasdaqGM:MBUU
-11%
US Leisure
2.3%
US Market
MBUU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Malibu Boats (MBUU) 5.7% 22.5% -1% 35.1% 191.2% 146.2%
US Leisure -2.5% 2.1% -6.8% -11% -14% -11.7%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • MBUU outperformed the Leisure industry which returned -11% over the past year.
  • MBUU outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
MBUU
Industry
5yr Volatility vs Market

Value

 Is Malibu Boats 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 Malibu Boats 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    Our calculation method for this is changing soon.

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

NasdaqGM:MBUU 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 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGM:MBUU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.971 (1 + (1- 21%) (14.95%))
1.086
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.086 * 7.27%)
10.63%

Discounted Cash Flow Calculation for NasdaqGM:MBUU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Malibu Boats is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:MBUU DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 66.60 89.55 111.70 130.69 151.60
Source Analyst x1 Analyst x2 Analyst x1 Est @ 17%, capped from 22.59% Est @ 16%, capped from 22.59%
Present Value
Discounted (@ 10.63%)
60.20 73.17 82.50 87.26 91.50
Present value of next 5 years cash flows $394.63
NasdaqGM:MBUU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $151.60 × (1 + 2.73%) ÷ (10.63% – 2.73%)
$1,972.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,972.26 ÷ (1 + 10.63%)5
$1,190.34
NasdaqGM:MBUU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $394.63 + $1,190.34
$1,584.97
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,584.97 / 21.68
$73.1
NasdaqGM:MBUU Discount to Share Price
Calculation Result
Value per share (USD) From above. $73.10
Current discount Discount to share price of $45.37
= -1 x ($45.37 - $73.10) / $73.10
37.9%

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

Current Discount
Amount off the current price Malibu Boats is available for.
Intrinsic value
38%
Share price is $45.37 vs Future cash flow value of $73.1
Current Discount Checks
For Malibu Boats to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Malibu Boats's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Malibu Boats'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 Malibu Boats's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Malibu Boats's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MBUU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.60
NasdaqGM:MBUU Share Price ** NasdaqGM (2019-02-21) in USD $45.37
United States of America Leisure Industry PE Ratio Median Figure of 15 Publicly-Listed Leisure Companies 16.97x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

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

** Primary Listing of Malibu Boats.

NasdaqGM:MBUU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:MBUU Share Price ÷ EPS (both in USD)

= 45.37 ÷ 2.60

17.46x

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

  • Malibu Boats is overvalued based on earnings compared to the US Leisure industry average.
  • Malibu Boats is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Malibu Boats's expected growth come at a high price?
Raw Data
NasdaqGM:MBUU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
20.7%per year
United States of America Leisure Industry PEG Ratio Median Figure of 14 Publicly-Listed Leisure Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

NasdaqGM:MBUU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.46x ÷ 20.7%

0.84x

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

  • Malibu Boats is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Malibu Boats's assets?
Raw Data
NasdaqGM:MBUU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.78
NasdaqGM:MBUU Share Price * NasdaqGM (2019-02-21) in USD $45.37
United States of America Leisure Industry PB Ratio Median Figure of 23 Publicly-Listed Leisure Companies 2.23x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
NasdaqGM:MBUU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:MBUU Share Price ÷ Book Value per Share (both in USD)

= 45.37 ÷ 7.78

5.83x

* Primary Listing of Malibu Boats.

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

  • Malibu Boats is overvalued based on assets compared to the US Leisure industry average.
X
Value checks
We assess Malibu Boats'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 Leisure 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 Leisure industry average (and greater than 0)? (1 check)
  5. Malibu Boats has a total score of 2/6, 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 Malibu Boats 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
20.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Malibu Boats expected to grow at an attractive rate?
  • Malibu Boats's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Malibu Boats's earnings growth is expected to exceed the United States of America market average.
  • Malibu Boats's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MBUU Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:MBUU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 20.7%
NasdaqGM:MBUU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 11.1%
United States of America Leisure Industry Earnings Growth Rate Market Cap Weighted Average 42.1%
United States of America Leisure Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGM:MBUU 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.
NasdaqGM:MBUU Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 787 124 96 2
2020-06-30 743 107 82 7
2019-06-30 661 90 67 7
NasdaqGM:MBUU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 568 67 54
2018-09-30 517 67 33
2018-06-30 497 58 28
2018-03-31 433 52 25
2017-12-31 370 41 17
2017-09-30 323 34 30
2017-06-30 282 36 28
2017-03-31 274 44 22
2016-12-31 265 44 20
2016-09-30 258 37 18
2016-06-30 253 36 18
2016-03-31 247 32 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Malibu Boats's earnings are expected to grow significantly at over 20% yearly.
  • Malibu Boats's revenue is expected to grow by 11.1% 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
NasdaqGM:MBUU 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 Malibu Boats Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MBUU Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 4.38 4.40 4.36 2.00
2020-06-30 3.88 4.76 3.23 6.00
2019-06-30 3.14 3.50 2.66 6.00
NasdaqGM:MBUU Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.60
2018-09-30 1.61
2018-06-30 1.37
2018-03-31 1.27
2017-12-31 0.91
2017-09-30 1.67
2017-06-30 1.59
2017-03-31 1.25
2016-12-31 1.12
2016-09-30 1.02
2016-06-30 1.01
2016-03-31 1.15

*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 Malibu Boats will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Malibu Boats'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Malibu Boats has a total score of 4/6, 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 Malibu Boats 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 Malibu Boats's growth in the last year to its industry (Leisure).
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.
  • Malibu Boats has delivered over 20% year on year earnings growth in the past 5 years.
  • Malibu Boats's 1-year earnings growth exceeds its 5-year average (212.4% vs 46.2%)
  • Malibu Boats's earnings growth has exceeded the US Leisure industry average in the past year (212.4% vs 40.5%).
Earnings and Revenue History
Malibu Boats'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 Malibu Boats Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MBUU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 568.36 53.67 43.74
2018-09-30 516.94 33.03 39.88
2018-06-30 497.00 27.61 38.82
2018-03-31 433.45 24.84 38.10
2017-12-31 370.17 17.18 31.82
2017-09-30 323.46 30.46 29.70
2017-06-30 281.94 28.36 28.21
2017-03-31 273.51 22.30 24.67
2016-12-31 264.90 20.06 25.74
2016-09-30 257.75 18.26 24.65
2016-06-30 252.97 18.04 23.95
2016-03-31 247.00 20.09 27.15
2015-12-31 243.22 18.68 28.08
2015-09-30 238.20 16.84 27.20
2015-06-30 228.62 14.66 25.14
2015-03-31 221.31 4.70 22.63
2014-12-31 206.84 -0.03 22.91
2014-09-30 195.29 -3.30 21.26
2014-06-30 190.94 -4.68 18.96
2014-03-31 186.51 -0.37 17.44
2013-12-31 183.28 0.00 16.90
2013-09-30 177.16 -0.64 18.84
2013-06-30 167.01 0.00 19.11
2012-06-30 140.89 0.00 12.38

*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.
  • Malibu Boats has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Malibu Boats used its assets more efficiently than the US Leisure industry average last year based on Return on Assets.
  • Malibu Boats has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Malibu Boats'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 Leisure 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.
Malibu Boats has a total score of 6/6, 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 Malibu Boats'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 Malibu Boats's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Malibu Boats is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Malibu Boats's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Malibu Boats'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 not covered by short term assets, assets are 0.8x 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 Malibu Boats Company Filings, last reported 1 month ago.

NasdaqGM:MBUU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 167.31 143.68 23.90
2018-09-30 152.39 108.58 72.17
2018-06-30 139.87 108.49 61.62
2018-03-31 127.10 108.39 53.16
2017-12-31 110.59 108.30 36.73
2017-09-30 114.51 108.21 18.42
2017-06-30 52.24 53.40 32.82
2017-03-31 41.82 55.15 32.30
2016-12-31 30.21 55.13 25.91
2016-09-30 22.99 56.15 16.29
2016-06-30 20.03 71.09 25.92
2016-03-31 5.04 74.00 19.07
2015-12-31 -1.44 75.50 14.92
2015-09-30 -8.50 77.00 10.86
2015-06-30 1.29 77.34 8.39
2015-03-31 47.82 10.00 7.29
2014-12-31 41.57 20.00 12.05
2014-09-30 34.27 0.00 17.81
2014-06-30 28.07 0.00 12.17
2014-03-31 40.14 0.01 5.32
2013-12-31 -30.76 63.41 4.53
2013-09-30 36.13 1.07 6.45
2013-06-30 20.01 23.59 15.96
2012-06-30 25.45 21.24 14.80
  • Malibu Boats's level of debt (85.9%) compared to net worth is high (greater than 40%).
  • Malibu Boats had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (46.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.4x coverage).
X
Financial health checks
We assess Malibu Boats'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. Malibu Boats has a total score of 4/6, 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 Malibu Boats'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 Malibu Boats dividends.
If you bought $2,000 of Malibu Boats 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 Malibu Boats's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Malibu Boats'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
NasdaqGM:MBUU 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
United States of America Leisure Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

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

NasdaqGM:MBUU Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30

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

  • Unable to perform a dividend volatility check as Malibu Boats has not reported any payouts.
  • Unable to verify if Malibu Boats's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Malibu Boats's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Malibu Boats has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Malibu Boats'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 Malibu Boats afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Malibu Boats 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 Malibu Boats'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
Jack Springer
COMPENSATION $2,044,536
AGE 57
TENURE AS CEO 9 years
CEO Bio

Mr. Jack D. Springer has been the Chief Executive Officer of Malibu Boats, Inc. since February 2010. Mr. Springer served as an Interim Chief Executive Officer at Malibu Boats, Inc. since May 2009. Mr. Springer has been a director of the LLC since May 2009. Mr. Springer served as Managing Director of Qorval, LLC from June 2003 to February 2010 and served as its Partner also. He served as an Operational Partner at Boyne Capital Partners, LLC. He had previous experience in the marine industry, but also an immense amount of leadership experience in other industries, along with well-rounded expertise in every facet of a business. Mr. Springer has served as Chief Executive Officer at Diamondback Tactical LLP, Chief Restructuring Officer of American Plastics, Inc. and as interim Chief Executive Officer of Allen White Inc. He an extensive background in executive, financial, operational and supply chain experience, having served as Chief Executive Officer, President, Chief restructuring Officer, Chief Financial Officer and Chief Operating Officer for entities in the manufacturing, distribution and retail industries over 27 years. He serves as a Director of Malibu Boats, Inc. Mr. Springer was also Chief Integration Officer at Nautic Global Group from 2004 to 2007. His primary areas of concentration are interim executive management, crisis management, strategic management and guidance for growth companies, operational improvement, financial sourcing and restructuring, business integration and divestiture, pre/post business acquisition assessment, return on investment rationalization, supply chain optimization and strategic leadership. His value to under-performing organizations is attributed to his ability to provide immediate leadership value in improving profitability, optimization of working capital, operational improvement, driving business processes and technological support. He served as Director of Qorval, LLC. Mr. Springer received a B.A. in Accountancy from the University of Texas of the Permian Basin.

CEO Compensation
  • Jack's compensation has been consistent with company performance over the past year.
  • Jack's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Malibu Boats management team in years:

5.4
Average Tenure
54
Average Age
  • The average tenure for the Malibu Boats management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jack Springer

TITLE
CEO & Director
COMPENSATION
$2M
AGE
57
TENURE
9 yrs

Wayne Wilson

TITLE
CFO & Secretary
COMPENSATION
$1M
AGE
38
TENURE
9.3 yrs

Ritchie Anderson

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
53
TENURE
5.4 yrs

Robert Alkema

TITLE
President
TENURE
37.1 yrs

Greg Ward

TITLE
Vice President of Information Systems and Technology
TENURE
2.3 yrs

Zac Lemons

TITLE
Investor Relations officer

Eric Bondy

TITLE
Vice President of Sales & Marketing
TENURE
2.8 yrs

Deborah Kent

TITLE
Vice President of Human Resources
COMPENSATION
$106K
AGE
54
TENURE
5.4 yrs

Dan Gasper

TITLE
Vice President of Product Design
COMPENSATION
$166K
AGE
55
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure and age of the Malibu Boats board of directors in years:

5
Average Tenure
55
Average Age
  • The tenure for the Malibu Boats board of directors is about average.
Board of Directors

Michael Hooks

TITLE
Chairman
COMPENSATION
$154K
AGE
55

Jack Springer

TITLE
CEO & Director
COMPENSATION
$2M
AGE
57

Ivar Chhina

TITLE
Director
COMPENSATION
$153K
AGE
55
TENURE
5 yrs

Mike Connolly

TITLE
Director
COMPENSATION
$143K
AGE
52
TENURE
5 yrs

Peter Murphy

TITLE
Director
COMPENSATION
$153K
AGE
55
TENURE
5 yrs

Mark Lanigan

TITLE
Director
COMPENSATION
$139K
AGE
58
TENURE
5 yrs

Jim Buch

TITLE
Director
COMPENSATION
$139K
AGE
64
TENURE
5 yrs

John Stokely

TITLE
Director
COMPENSATION
$139K
AGE
65
TENURE
5 yrs

Pack St. Clair

TITLE
Director
AGE
53
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • Malibu Boats insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Feb 19 Sell Deborah Kent Individual 08. Feb 19 08. Feb 19 -1,200 $45.06 $-54,072
06. Dec 18 Sell Wayne Wilson Individual 03. Dec 18 03. Dec 18 -10,466 $48.36 $-506,136
30. Nov 18 Sell Ritchie Anderson Individual 27. Nov 18 27. Nov 18 -9,536 $46.05 $-437,123
13. Sep 18 Sell Ritchie Anderson Individual 10. Sep 18 11. Sep 18 -4,250 $53.00 $-223,990
13. Sep 18 Sell Wayne Wilson Individual 11. Sep 18 11. Sep 18 -7,588 $52.34 $-397,156
13. Sep 18 Sell Jack Springer Individual 10. Sep 18 10. Sep 18 -22,985 $53.31 $-1,217,710
13. Sep 18 Sell William St. Clair Individual 11. Sep 18 11. Sep 18 -15,000 $52.60 $-789,000
X
Management checks
We assess Malibu Boats'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. Malibu Boats 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

How Malibu Boats, Inc. (NASDAQ:MBUU) Can Impact Your Portfolio Volatility

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Malibu Boats, Inc. (NASDAQ:MBUU) Is Trading At A 39.46% Discount

In this article I am going to calculate the intrinsic value of Malibu Boats, Inc. … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Should You Consider Malibu Boats, Inc. (NASDAQ:MBUU)?

(NASDAQ:MBUU) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of MBUU, it

Simply Wall St -

How Should Investors React To Malibu Boats, Inc.'s (NASDAQ:MBUU) CEO Pay?

In 2010 Jack Springer was appointed CEO of Malibu Boats, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jack Springer's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Despite Its High P/E Ratio, Is Malibu Boats, Inc. (NASDAQ:MBUU) Still Undervalued?

We'll show how you can use Malibu Boats, Inc.'s (NASDAQ:MBUU) P/E ratio to inform your assessment of the investment opportunity. … Malibu Boats has a P/E ratio of 21.66, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Why Malibu Boats, Inc. (NASDAQ:MBUU) Looks Like A Quality Company

Malibu Boats has a ROE of 24%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.24 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Malibu Boats Inc's (NASDAQ:MBUU) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Malibu Boats Inc (NASDAQ:MBUU), with a market cap of US$871m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Before You Buy Malibu Boats Inc (NASDAQ:MBUU), Consider Its Volatility

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Does Malibu Boats Inc's (NASDAQ:MBUU) -2.6% Earnings Drop Reflect A Longer Term Trend?

Below, I will assess MBUU's recent performance announced on 30 June 2018 and compare these figures to its historical trend and industry movements. … MBUU's trailing twelve-month earnings (from 30 June 2018) of US$28m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 49%, indicating the rate at which MBUU is growing has slowed down

Simply Wall St -

Should You Consider Malibu Boats Inc (NASDAQ:MBUU)?

Malibu Boats Inc (NASDAQ:MBUU) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of MBUU, it

Simply Wall St -

Company Info

Map
Description

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating. The company also offers various accessories and aftermarket parts. It operates through a network of independent dealers in North America, South America, Europe, Asia, Australia, and New Zealand markets. Malibu Boats, Inc. was founded in 1982 and is based in Loudon, Tennessee.

Details
Name: Malibu Boats, Inc.
MBUU
Exchange: NasdaqGM
Founded: 1982
$960,912,956
$945,356,405
21,681,249
Website: http://www.malibuboats.com
Address: Malibu Boats, Inc.
5075 Kimberly Way,
Loudon,
Tennessee, 37774,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MBUU Class A Common Stock Nasdaq Global Market US USD 31. Jan 2014
DB M05 Class A Common Stock Deutsche Boerse AG DE EUR 31. Jan 2014
Number of employees
Current staff
Staff numbers
1,345
Malibu Boats employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 00:57
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2019/02/07
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.