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.

Risks

  • Malibu Boats has significant price volatility in the past 3 months.

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

3.1%

NasdaqGM:MBUU

-1.7%

US Leisure

0.9%

US Market


1 Year Return

-36.8%

NasdaqGM:MBUU

-14.7%

US Leisure

0.3%

US Market

MBUU underperformed the Leisure industry which returned -14.7% over the past year.

MBUU underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

MBUUIndustryMarket
7 Day3.1%-1.7%0.9%
30 Day-16.9%-2.3%-1.9%
90 Day-31.5%1.0%1.6%
1 Year-36.8%-36.8%-13.2%-14.7%2.6%0.3%
3 Year99.0%99.0%-11.6%-16.1%41.0%31.8%
5 Year28.3%28.3%3.0%-8.4%55.2%38.0%

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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, and at a substantial discount (> 40%).


Price Based on Earnings

Malibu Boats is good value based on earnings compared to the US Leisure industry average.

Malibu Boats is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Malibu Boats is good value based on expected growth next year.


Price Based on Value of Assets

Malibu Boats is overvalued based on assets compared to the US Leisure industry average.


Next Steps

Future Growth

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

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Malibu Boats's revenue is expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).

Malibu Boats's earnings are expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).

Malibu Boats's revenue growth is expected to exceed the United States of America market average.

Malibu Boats's earnings growth is expected to exceed the United States of America market average.

Malibu Boats's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Malibu Boats will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Malibu Boats performed over the past 5 years?

45.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (137.9% vs 45.7%)

Malibu Boats's earnings growth has exceeded the US Leisure industry average in the past year (137.9% vs 23.7%).


Return on Equity

Malibu Boats has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Malibu Boats used its assets more efficiently than the US Leisure industry average last year based on Return on Assets.


Return on Capital Employed

Malibu Boats has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Malibu Boats's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Malibu Boats's level of debt (67.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 67.8% today).

Debt is well covered by operating cash flow (45%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 16.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Jack Springer (58yo)

9.5yrs

Tenure

US$2,044,536

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

Jack's remuneration is about average for companies of similar size in United States of America.

Jack's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.9yrs

Average Tenure

55yo

Average Age

The average tenure for the Malibu Boats management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.5yrs

Average Tenure

56yo

Average Age

The tenure for the Malibu Boats board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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
SellUS$223,99013 Sep 18
Ritchie Anderson
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares4,250
Max PriceUS$53.00
SellUS$1,217,71013 Sep 18
Jack Springer
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares22,985
Max PriceUS$53.31
SellUS$789,00013 Sep 18
William St. Clair
EntityIndividual
Shares15,000
Max PriceUS$52.60
SellUS$397,15613 Sep 18
Wayne Wilson
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares7,588
Max PriceUS$52.34

Ownership Breakdown


Management Team

  • Chip Smith

    Vice President of Marketing

    • Tenure: 0.3yrs
  • Wayne Wilson (39yo)

    CFO & Secretary

    • Tenure: 9.8yrs
    • Compensation: US$1.05m
  • Jack Springer (58yo)

    CEO & Director

    • Tenure: 9.5yrs
    • Compensation: US$2.04m
  • Dan Gasper (56yo)

    Vice President of Product Design

    • Tenure: 5.9yrs
    • Compensation: US$165.70k
  • Ritchie Anderson (54yo)

    Chief Operating Officer

    • Tenure: 5.9yrs
    • Compensation: US$1.04m
  • Deborah Kent (55yo)

    Vice President of Human Resources

    • Tenure: 5.9yrs
    • Compensation: US$105.93k
  • Eric Bondy

    Vice President of Sales

    • Tenure: 3.2yrs
  • Greg Ward

    Vice President of Information Systems and Technology

    • Tenure: 2.8yrs
  • Zac Lemons

    Investor Relations officer

    • Tenure: 0.0yrs

Board Members

  • Peter Murphy (56yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$153.08k
  • Ivar Chhina (56yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$153.08k
  • John Stokely (66yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$139.34k
  • Mark Lanigan (59yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$139.34k
  • Jim Buch (65yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$139.34k
  • Mike Connolly (53yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$143.08k
  • Michael Hooks (56yo)

    Chairman

    • Tenure: 0.0yrs
    • Compensation: US$154.30k
  • Jack Springer (58yo)

    CEO & Director

    • Tenure: 9.5yrs
    • Compensation: US$2.04m
  • Joan Lewis (53yo)

    Director

    • Tenure: 0.6yrs

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$555.040m
  • Market Cap: US$555.473m
  • Shares outstanding: 21.68m
  • 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 under the Malibu and Axis brand names; and sterndrives and outb ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:55
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.