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MBUU

Malibu BoatsNasdaqGM:MBUU Stock Report

Last Price

US$56.77

Market Cap

US$1.2b

7D

-12.8%

1Y

-25.4%

Updated

23 Jan, 2022

Data

Company Financials +
MBUU fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

MBUU Stock Overview

Malibu Boats, Inc. engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats.

Malibu Boats Competitors

Brunswick

NYSE:BC

US$6.5b

Johnson Outdoors

NasdaqGS:JOUT

US$852.7m

MasterCraft Boat Holdings

NasdaqGM:MCFT

US$449.4m

Marine Products

NYSE:MPX

US$378.3m

Price History & Performance

Summary of all time highs, changes and price drops for Malibu Boats
Historical stock prices
Current Share PriceUS$56.77
52 Week HighUS$93.00
52 Week LowUS$56.38
Beta1.71
1 Month Change-14.75%
3 Month Change-19.56%
1 Year Change-25.38%
3 Year Change46.69%
5 Year Change215.92%
Change since IPO219.83%

Recent News & Updates

Jan 14
Here's Why We Think Malibu Boats (NASDAQ:MBUU) Is Well Worth Watching

Here's Why We Think Malibu Boats (NASDAQ:MBUU) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Dec 22
Is Malibu Boats (NASDAQ:MBUU) Using Too Much Debt?

Is Malibu Boats (NASDAQ:MBUU) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Nov 18

Malibu Boats: Too Cheap Considering The Prospects

Despite the challenges in the supply chain, the company's sales are growing at double-digit rates, and the demand for its products remains incredibly high. Due to excess capacity, the company is able to increase production by 20-25% quickly. Moreover, management expects production to rise this year. By trading at a discount to its future book value, the company earns its shareholders a 34.66% return on equity. Only through the growth of financial leverage is the company able to significantly increase ROE. According to our valuation, the company is trading at a significant discount to its fair value. We are bullish.

Nov 12
At US$70.93, Is Malibu Boats, Inc. (NASDAQ:MBUU) Worth Looking At Closely?

At US$70.93, Is Malibu Boats, Inc. (NASDAQ:MBUU) Worth Looking At Closely?

While Malibu Boats, Inc. ( NASDAQ:MBUU ) might not be the most widely known stock at the moment, it received a lot of...

Shareholder Returns

MBUUUS LeisureUS Market
7D-12.8%-9.5%-6.1%
1Y-25.4%-41.6%4.2%

Return vs Industry: MBUU exceeded the US Leisure industry which returned -41.6% over the past year.

Return vs Market: MBUU underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is MBUU's price volatile compared to industry and market?
MBUU volatility
MBUU Average Weekly Movement5.3%
Leisure Industry Average Movement6.6%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: MBUU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MBUU's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19822,645Jack Springerhttps://www.malibuboats.com

Malibu Boats, Inc. engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.

Malibu Boats Fundamentals Summary

How do Malibu Boats's earnings and revenue compare to its market cap?
MBUU fundamental statistics
Market CapUS$1.22b
Earnings (TTM)US$115.69m
Revenue (TTM)US$999.03m

10.5x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MBUU income statement (TTM)
RevenueUS$999.03m
Cost of RevenueUS$747.63m
Gross ProfitUS$251.40m
ExpensesUS$135.70m
EarningsUS$115.69m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.40
Gross Margin25.16%
Net Profit Margin11.58%
Debt/Equity Ratio30.1%

How did MBUU perform over the long term?

See historical performance and comparison

Valuation

Is Malibu Boats undervalued compared to its fair value and its price relative to the market?

49.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MBUU ($56.77) is trading below our estimate of fair value ($111.64)

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 (10.5x) compared to the US Leisure industry average (12.1x).

PE vs Market: MBUU is good value based on its PE Ratio (10.5x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: MBUU is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: MBUU's PB Ratio (3x) is in line with the US Leisure industry average.


Future Growth

How is Malibu Boats forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBUU's forecast earnings growth (7.5% per year) is above the savings rate (2%).

Earnings vs Market: MBUU's earnings (7.5% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: MBUU's earnings are forecast to grow, but not significantly.

Revenue vs Market: MBUU's revenue (9.2% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: MBUU's revenue (9.2% 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 (21.4%)


Past Performance

How has Malibu Boats performed over the past 5 years?

33.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBUU has high quality earnings.

Growing Profit Margin: MBUU's current net profit margins (11.6%) are higher than last year (10.1%).


Past Earnings Growth Analysis

Earnings Trend: MBUU's earnings have grown significantly by 33.2% per year over the past 5 years.

Accelerating Growth: MBUU's earnings growth over the past year (73.2%) exceeds its 5-year average (33.2% per year).

Earnings vs Industry: MBUU earnings growth over the past year (73.2%) underperformed the Leisure industry 76%.


Return on Equity

High ROE: MBUU's Return on Equity (29.4%) is considered high.


Financial Health

How is Malibu Boats's financial position?


Financial Position Analysis

Short Term Liabilities: MBUU's short term assets ($218.6M) exceed its short term liabilities ($210.9M).

Long Term Liabilities: MBUU's short term assets ($218.6M) exceed its long term liabilities ($134.5M).


Debt to Equity History and Analysis

Debt Level: MBUU's net debt to equity ratio (22.9%) is considered satisfactory.

Reducing Debt: MBUU's debt to equity ratio has reduced from 243.3% to 30.1% over the past 5 years.

Debt Coverage: MBUU's debt is well covered by operating cash flow (99.3%).

Interest Coverage: MBUU's interest payments on its debt are well covered by EBIT (62.8x coverage).


Balance Sheet


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?

8.3yrs

Average management tenure


CEO

Jack Springer (60 yo)

11.92yrs

Tenure

US$4,480,177

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 ($USD4.48M) is about average for companies of similar size in the US market ($USD3.74M).

Compensation vs Earnings: Jack's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MBUU's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: MBUU's board of directors are considered experienced (7.9 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 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$1.217b
  • Market Cap: US$1.183b
  • Shares outstanding: 21.44m
  • Website: https://www.malibuboats.com

Number of Employees


Location

  • Malibu Boats, Inc.
  • 5075 Kimberly Way
  • Loudon
  • Tennessee
  • 37774
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:16
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/06/30


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.