NasdaqGM:MBUU

Stock Analysis Report

Executive Summary

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats.

Snowflake

Fundamentals

Outstanding track record and undervalued.


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


Market Performance


7 Day Return

3.5%

MBUU

-5.3%

US Leisure

0.07%

US Market


1 Year Return

-23.2%

MBUU

-5.1%

US Leisure

8.9%

US Market

Return vs Industry: MBUU underperformed the US Leisure industry which returned -5.1% over the past year.

Return vs Market: MBUU underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

MBUUIndustryMarket
7 Day3.5%-5.3%0.07%
30 Day4.6%-2.0%-0.3%
90 Day8.1%-5.6%-1.6%
1 Year-23.2%-23.2%-3.4%-5.1%11.3%8.9%
3 Year123.7%123.7%-8.6%-13.3%46.3%36.8%
5 Year84.1%84.1%6.6%-5.1%62.1%44.3%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MBUU ($32.75) is trading below our estimate of fair value ($69.41)

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 (10.3x) compared to the Leisure industry average (19.3x).

PE vs Market: MBUU is good value based on its PE Ratio (10.3x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: MBUU is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: MBUU is overvalued based on its PB Ratio (3.3x) compared to the US Leisure industry average (2.3x).


Next Steps

Future Growth

How is Malibu Boats forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

12.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBUU's forecast earnings growth (12.9% per year) is above the savings rate (2.7%).

Earnings vs Market: MBUU's earnings (12.9% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: MBUU's revenue (6% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: MBUU's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MBUU's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Malibu Boats performed over the past 5 years?

44.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MBUU has become profitable over the past 5 years, growing earnings by 44.9% per year.

Accelerating Growth: MBUU's earnings growth over the past year (139.3%) exceeds its 5-year average (44.9% per year).

Earnings vs Industry: MBUU earnings growth over the past year (139.3%) exceeded the Leisure industry 17.2%.


Return on Equity

High ROE: MBUU's Return on Equity (33.1%) is considered high.


Return on Assets

ROA vs Industry: MBUU has a higher Return on Assets than the Leisure industry average last year.


Return on Capital Employed

ROCE Improving: MBUU has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Malibu Boats's financial position?


Financial Position Analysis

Short Term Liabilities: MBUU's short term assets ($127.7M) exceeds its short term liabilities ($75.3M)

Long Term Liabilities: MBUU's short term assets (127.7M) do not cover its long term liabilities (165.6M)


Debt to Equity History and Analysis

Debt Level: MBUU's debt to equity ratio (54%) is considered high

Reducing Debt: Insufficient data to determine if MBUU's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MBUU's debt is well covered by operating cash flow (71.7%).

Interest Coverage: MBUU's interest payments on its debt are well covered by EBIT (16.6x coverage).


Balance Sheet

Inventory Level: MBUU has a high level of physical assets or inventory.

Debt Coverage by Assets: MBUU's debt is covered by short term assets (assets are 1.123360x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MBUU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MBUU's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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

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

6.1yrs

Average management tenure


CEO

Jack Springer (58yo)

9.7yrs

Tenure

US$2,998,042

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 ($USD3.00M) is about average for companies of similar size in the US market ($USD2.67M).

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


Management Age and Tenure

6.1yrs

Average Tenure

55yo

Average Age

Experienced Management: MBUU's management team is seasoned and experienced (6.1 years average tenure).


Board Age and Tenure

5.7yrs

Average Tenure

56yo

Average Age

Experienced Board: MBUU's board of directors are considered experienced (5.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$54,07211 Feb 19
Deborah Kent
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resources
Shares1,200
Max PriceUS$45.06
SellUS$506,13606 Dec 18
Wayne Wilson
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares10,466
Max PriceUS$48.36
SellUS$437,12330 Nov 18
Ritchie Anderson
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares9,536
Max PriceUS$46.05

Ownership Breakdown


Management Team

  • Chip Smith

    Vice President of Marketing

    • Tenure: 0.5yrs
  • Wayne Wilson (39yo)

    CFO & Secretary

    • Tenure: 9.9yrs
    • Compensation: US$1.42m
  • Jack Springer (58yo)

    CEO & Director

    • Tenure: 9.7yrs
    • Compensation: US$3.00m
  • Dan Gasper (56yo)

    Vice President of Product Design

    • Tenure: 6.1yrs
    • Compensation: US$165.70k
  • Ritchie Anderson (54yo)

    Chief Operating Officer

    • Tenure: 6.1yrs
    • Compensation: US$1.42m
  • Deborah Kent (55yo)

    Vice President of Human Resources

    • Tenure: 6.1yrs
    • Compensation: US$285.83k
  • Eric Bondy

    Vice President of Sales

    • Tenure: 3.3yrs
  • Greg Ward

    Vice President of Information Systems and Technology

    • Tenure: 3yrs
  • Zac Lemons

    Investor Relations officer

    • Tenure: 0yrs

Board Members

  • Peter Murphy (56yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$154.99k
  • Ivar Chhina (56yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$154.99k
  • John Stokely (66yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$139.99k
  • Mark Lanigan (59yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$139.99k
  • Jim Buch (65yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$139.99k
  • Mike Connolly (53yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$144.99k
  • Michael Hooks (56yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: US$159.99k
  • Jack Springer (58yo)

    CEO & Director

    • Tenure: 9.7yrs
    • Compensation: US$3.00m
  • Joan Lewis (53yo)

    Director

    • Tenure: 0.8yrs

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$689.458m
  • Market Cap: US$671.660m
  • Shares outstanding: 21.34m
  • Website: https://www.malibuboats.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBUUNasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDJan 2014
M05DB (Deutsche Boerse AG)YesClass A Common StockDEEURJan 2014

Biography

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Coba ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:29
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.