Malibu Boats
Market Cap
US$1.6b
Last Updated
2021/03/02 00:25 UTC
Data Sources
Company Financials +
Executive Summary
Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells a range of recreational powerboats. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Malibu Boats's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MBUU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MBUU's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
0.5%
MBUU
0.4%
US Leisure
-1.3%
US Market
1 Year Return
86.5%
MBUU
114.2%
US Leisure
41.9%
US Market
Return vs Industry: MBUU underperformed the US Leisure industry which returned 113.2% over the past year.
Return vs Market: MBUU exceeded the US Market which returned 36.5% over the past year.
Shareholder returns
| MBUU | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 0.4% | -1.3% |
| 30 Day | 13.1% | -2.8% | 7.5% |
| 90 Day | 35.2% | 15.1% | 15.9% |
| 1 Year | 86.5%86.5% | 118.2%114.2% | 44.8%41.9% |
| 3 Year | 127.9%127.9% | 35.1%27.6% | 49.1%41.0% |
| 5 Year | 414.3%414.3% | 29.8%17.8% | 113.1%92.8% |
Long-Term Price Volatility Vs. Market
How volatile is Malibu Boats's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Read This Before Buying Malibu Boats, Inc. (NASDAQ:MBUU) Shares3 weeks ago | Simply Wall St
Is Malibu Boats (NASDAQ:MBUU) A Compounding Machine?1 month ago | Simply Wall St
Introducing Malibu Boats (NASDAQ:MBUU), The Stock That Soared 463% In The Last Five YearsValuation
Is Malibu Boats undervalued compared to its fair value and its price relative to the market?
32.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MBUU ($79.3) is trading below our estimate of fair value ($117.36)
Significantly Below Fair Value: MBUU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MBUU is good value based on its PE Ratio (23x) compared to the US Leisure industry average (31.8x).
PE vs Market: MBUU is poor value based on its PE Ratio (23x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: MBUU is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: MBUU is overvalued based on its PB Ratio (5.5x) compared to the US Leisure industry average (4.5x).
Next Steps
Future Growth
How is Malibu Boats forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
10.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MBUU's forecast earnings growth (10.1% per year) is above the savings rate (2%).
Earnings vs Market: MBUU's earnings (10.1% per year) are forecast to grow slower than the US market (20% per year).
High Growth Earnings: MBUU's earnings are forecast to grow, but not significantly.
Revenue vs Market: MBUU's revenue (12% per year) is forecast to grow faster than the US market (10.4% per year).
High Growth Revenue: MBUU's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MBUU's Return on Equity is forecast to be high in 3 years time (22.3%)
Next Steps
Past Performance
How has Malibu Boats performed over the past 5 years?
32.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MBUU has high quality earnings.
Growing Profit Margin: MBUU's current net profit margins (10.5%) are higher than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: MBUU's earnings have grown significantly by 32% per year over the past 5 years.
Accelerating Growth: MBUU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MBUU had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Leisure industry average (26.6%).
Return on Equity
High ROE: MBUU's Return on Equity (24.1%) is considered high.
Next Steps
Financial Health
How is Malibu Boats's financial position?
Financial Position Analysis
Short Term Liabilities: MBUU's short term assets ($140.0M) exceed its short term liabilities ($102.3M).
Long Term Liabilities: MBUU's short term assets ($140.0M) do not cover its long term liabilities ($258.6M).
Debt to Equity History and Analysis
Debt Level: MBUU's debt to equity ratio (52.9%) is considered high.
Reducing Debt: MBUU had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MBUU's debt is well covered by operating cash flow (69.8%).
Interest Coverage: MBUU's interest payments on its debt are well covered by EBIT (37.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Malibu Boats's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MBUU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MBUU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MBUU's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MBUU's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MBUU's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average management tenure
CEO
Jack Springer (59 yo)
11yrs
Tenure
US$2,266,458
Compensation
Mr. Jack D. Springer has been the Chief Executive Officer of Malibu Boats, Inc. since February 2010. Mr. Springer served as an Interim Chief Executive Officer at Malibu Boats, Inc. since May 2009. Mr. Spri...
CEO Compensation Analysis
Compensation vs Market: Jack's total compensation ($USD2.27M) is below average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11yrs | US$2.27m | 0.51% $ 8.2m | |
| CFO & Secretary | 11.25yrs | US$1.10m | 0.14% $ 2.3m | |
| Chief Operating Officer | 7.42yrs | US$1.10m | 0.11% $ 1.7m | |
| Vice President of Human Resources | 7.42yrs | US$221.00k | 0.0042% $ 66.5k | |
| Vice President of Information Systems and Technology | 4.33yrs | no data | no data | |
| Investor Relations officer | no data | no data | no data | |
| Vice President of Sales | 4.67yrs | no data | no data | |
| Vice President of Product Design | 7.42yrs | US$165.70k | no data |
7.4yrs
Average Tenure
56yo
Average Age
Experienced Management: MBUU's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11yrs | US$2.27m | 0.51% $ 8.2m | |
| Independent Director | 7yrs | US$145.25k | 0.12% $ 1.9m | |
| Independent Director | 7yrs | US$154.99k | 0.12% $ 1.9m | |
| Independent Director | 7yrs | US$139.99k | 0.12% $ 1.9m | |
| Independent Director | 7yrs | US$149.73k | no data | |
| Independent Director | 7yrs | US$139.99k | 0.12% $ 1.9m | |
| Independent Director | 7yrs | US$144.99k | no data | |
| Independent Chairman | no data | US$159.99k | no data | |
| Independent Director | 1.58yrs | US$137.32k | 0.020% $ 327.0k |
7.0yrs
Average Tenure
57yo
Average Age
Experienced Board: MBUU's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MBUU insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Malibu Boats, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Malibu Boats, Inc.
- Ticker: MBUU
- Exchange: NasdaqGM
- Founded: 1982
- Industry: Leisure Products
- Sector: Consumer Durables
- Implied Market Cap: US$1.599b
- Market Cap: US$1.646b
- Shares outstanding: 21.45m
- Website: https://www.malibuboats.com
Number of Employees
Location
- Malibu Boats, Inc.
- 5075 Kimberly Way
- Loudon
- Tennessee
- 37774
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MBUU | NasdaqGM (Nasdaq Global Market) | Yes | Class A Common Stock | US | USD | Jan 2014 |
| M05 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jan 2014 |
Biography
Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/02 00:25 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.