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MasterCraft Boat Holdings

Nasdaq:MCFT
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCFT
Nasdaq
$428M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats. The last earnings update was 41 days ago. More info.


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MCFT Share Price and Events
7 Day Returns
-1.9%
NasdaqGM:MCFT
-1.2%
US Leisure
1.2%
US Market
1 Year Returns
-12.2%
NasdaqGM:MCFT
-7.2%
US Leisure
3%
US Market
MCFT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MasterCraft Boat Holdings (MCFT) -1.9% 1.1% 23.5% -12.2% 73.5% -
US Leisure -1.2% -0.4% 11.7% -7.2% -18.4% -15.6%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • MCFT underperformed the Leisure industry which returned -7.2% over the past year.
  • MCFT underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
MCFT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is MasterCraft Boat Holdings 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 MasterCraft Boat Holdings 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for MasterCraft Boat Holdings.

NasdaqGM:MCFT 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 9.5%
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:MCFT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.944 (1 + (1- 21%) (34.11%))
1.133
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.133 * 5.96%)
9.48%

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

The calculations below outline how an intrinsic value for MasterCraft Boat Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:MCFT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.48%)
2019 50.50 Analyst x2 46.12
2020 62.42 Analyst x2 52.07
2021 76.83 Analyst x1 58.54
2022 88.54 Est @ 15.25% 61.63
2023 98.72 Est @ 11.49% 62.76
2024 107.47 Est @ 8.86% 62.40
2025 115.02 Est @ 7.02% 61.00
2026 121.62 Est @ 5.74% 58.91
2027 127.50 Est @ 4.83% 56.41
2028 132.85 Est @ 4.2% 53.69
Present value of next 10 years cash flows $573.55
NasdaqGM:MCFT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $132.85 × (1 + 2.73%) ÷ (9.48% – 2.73%)
$2,021.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,021.00 ÷ (1 + 9.48%)10
$816.76
NasdaqGM:MCFT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $573.55 + $816.76
$1,390.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,390.31 / 18.73
$74.24
NasdaqGM:MCFT Discount to Share Price
Calculation Result
Value per share (USD) From above. $74.24
Current discount Discount to share price of $22.88
= -1 x ($22.88 - $74.24) / $74.24
69.2%

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

Current Discount
Amount off the current price MasterCraft Boat Holdings is available for.
Intrinsic value
>50%
Share price is $22.88 vs Future cash flow value of $74.24
Current Discount Checks
For MasterCraft Boat Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MasterCraft Boat Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MasterCraft Boat Holdings's share price is below the future cash flow value, and 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 MasterCraft Boat Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MasterCraft Boat Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MCFT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in USD $2.32
NasdaqGM:MCFT Share Price ** NasdaqGM (2019-03-20) in USD $22.88
United States of America Leisure Industry PE Ratio Median Figure of 15 Publicly-Listed Leisure Companies 15.84x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of MasterCraft Boat Holdings.

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

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

= 22.88 ÷ 2.32

9.86x

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

  • MasterCraft Boat Holdings is good value based on earnings compared to the US Leisure industry average.
  • MasterCraft Boat Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does MasterCraft Boat Holdings's expected growth come at a high price?
Raw Data
NasdaqGM:MCFT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
18.7%per year
United States of America Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.61x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.86x ÷ 18.7%

0.53x

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

  • MasterCraft Boat Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on MasterCraft Boat Holdings's assets?
Raw Data
NasdaqGM:MCFT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in USD $3.67
NasdaqGM:MCFT Share Price * NasdaqGM (2019-03-20) in USD $22.88
United States of America Leisure Industry PB Ratio Median Figure of 23 Publicly-Listed Leisure Companies 2.49x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGM:MCFT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 22.88 ÷ 3.67

6.23x

* Primary Listing of MasterCraft Boat Holdings.

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

  • MasterCraft Boat Holdings is overvalued based on assets compared to the US Leisure industry average.
X
Value checks
We assess MasterCraft Boat Holdings'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. MasterCraft Boat Holdings has a total score of 5/6, 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 MasterCraft Boat Holdings 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
18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MasterCraft Boat Holdings expected to grow at an attractive rate?
  • MasterCraft Boat Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • MasterCraft Boat Holdings's earnings growth is expected to exceed the United States of America market average.
  • MasterCraft Boat Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MCFT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:MCFT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 18.7%
NasdaqGM:MCFT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 11.7%
United States of America Leisure Industry Earnings Growth Rate Market Cap Weighted Average 40.1%
United States of America Leisure Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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:MCFT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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:MCFT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 563 82 66 1
2020-06-30 523 68 57 6
2019-06-30 468 62 46 7
NasdaqGM:MCFT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-30 404 55 43
2018-09-30 361 43 41
2018-06-30 333 49 40
2018-04-01 296 41 33
2017-12-31 260 36 24
2017-10-01 233 31 20
2017-06-30 229 26 20
2017-04-02 224 29 18
2017-01-01 222 32 21
2016-10-02 226 33 19
2016-06-30 222 31 10
2016-03-27 223 26 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MasterCraft Boat Holdings's earnings are expected to grow by 18.7% yearly, however this is not considered high growth (20% yearly).
  • MasterCraft Boat Holdings's revenue is expected to grow by 11.7% 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:MCFT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from MasterCraft Boat Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MCFT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 3.50 3.50 3.50 1.00
2020-06-30 2.96 3.12 2.78 6.00
2019-06-30 2.43 2.51 2.32 6.00
NasdaqGM:MCFT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-30 2.32
2018-09-30 2.20
2018-06-30 2.13
2018-04-01 1.76
2017-12-31 1.27
2017-10-01 1.06
2017-06-30 1.05
2017-04-02 0.97
2017-01-01 1.11
2016-10-02 1.00
2016-06-30 0.57
2016-03-27 0.50

*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.
  • MasterCraft Boat Holdings is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess MasterCraft Boat Holdings'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.
MasterCraft Boat Holdings 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 MasterCraft Boat Holdings 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 MasterCraft Boat Holdings'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.
  • MasterCraft Boat Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • MasterCraft Boat Holdings's 1-year earnings growth exceeds its 5-year average (83.5% vs 28%)
  • MasterCraft Boat Holdings's earnings growth has exceeded the US Leisure industry average in the past year (83.5% vs 45.9%).
Earnings and Revenue History
MasterCraft Boat Holdings'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 MasterCraft Boat Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MCFT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-30 404.42 43.25 37.24
2018-09-30 361.32 41.07 34.59
2018-06-30 332.73 39.65 31.04
2018-04-01 295.62 32.82 28.56
2017-12-31 260.30 23.61 26.46
2017-10-01 232.99 19.63 24.71
2017-06-30 228.63 19.57 23.91
2017-04-02 223.70 18.02 23.42
2017-01-01 222.24 20.68 24.98
2016-10-02 226.31 18.52 31.14
2016-06-30 221.60 10.21 37.24
2016-03-27 223.07 7.98 44.26
2015-12-27 220.32 3.19 41.62
2015-09-27 217.94 2.79 33.82
2015-06-30 214.39 5.53 27.02
2015-03-29 211.12 19.76 19.37
2014-12-28 200.67 21.51 18.73
2014-09-28 188.93 20.69 18.80
2014-06-30 177.59 19.93 18.80
2013-06-30 162.01 2.82 18.47

*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.
  • Whilst MasterCraft Boat Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • MasterCraft Boat Holdings used its assets more efficiently than the US Leisure industry average last year based on Return on Assets.
  • MasterCraft Boat Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MasterCraft Boat Holdings'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.
MasterCraft Boat Holdings has a total score of 5/6, 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 MasterCraft Boat Holdings'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 MasterCraft Boat Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MasterCraft Boat Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • MasterCraft Boat Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MasterCraft Boat Holdings'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 0.4x 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 MasterCraft Boat Holdings Company Filings, last reported 2 months ago.

NasdaqGM:MCFT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-30 68.73 146.17 18.84
2018-09-30 58.18 73.61 6.62
2018-06-30 52.52 75.16 8.43
2018-04-01 39.07 86.05 8.98
2017-12-31 27.30 94.98 6.54
2017-10-01 19.03 33.56 12.68
2017-06-30 11.76 34.48 4.13
2017-04-02 5.26 45.54 12.57
2017-01-01 2.82 46.73 6.37
2016-10-02 -1.53 47.92 0.21
2016-06-30 -8.38 52.23 0.07
2016-03-27 66.63 0.00 21.57
2015-12-27 64.58 0.00 15.64
2015-09-27 55.88 0.00 7.84
2015-06-30 -42.25 78.76 1.17
2015-03-29 -44.79 84.27 4.28
2014-12-28 -0.90 49.28 9.59
2014-09-28 -3.79 65.98 12.54
2014-06-30 -3.79 65.98 12.54
2013-06-30 -23.72 75.30 8.57
  • MasterCraft Boat Holdings's level of debt (212.7%) compared to net worth is high (greater than 40%).
  • MasterCraft Boat Holdings 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 (37.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.2x coverage).
X
Financial health checks
We assess MasterCraft Boat Holdings'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. MasterCraft Boat Holdings has a total score of 3/6, 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 MasterCraft Boat Holdings'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 MasterCraft Boat Holdings dividends.
If you bought $2,000 of MasterCraft Boat Holdings 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 MasterCraft Boat Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MasterCraft Boat Holdings'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:MCFT 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 2004 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 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGM:MCFT 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 MasterCraft Boat Holdings has not reported any payouts.
  • Unable to verify if MasterCraft Boat Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MasterCraft Boat Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MasterCraft Boat Holdings 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 MasterCraft Boat Holdings'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 MasterCraft Boat Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MasterCraft Boat Holdings 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 MasterCraft Boat Holdings'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
Terry McNew
COMPENSATION $1,421,030
AGE 56
TENURE AS CEO 6.6 years
CEO Bio

Mr. Terry D. McNew has been the Chief Executive Officer and President of MCBC Holdings, Inc. since August 2012 and serves as its Director. Mr. McNew has been the Chief Executive Officer and President of MasterCraft Boat Company, LLC (formerly MasterCraft Boat Company, Inc.) since August 2012. Mr. McNew has 31 years of experience in the boating industry with executive roles at both Brunswick Corp. and Correct Craft. He has more than two decades of extensive knowledge in the boating industry. He joined MasterCraft in August 2012 after serving as Executive Vice President of Brunswick Corporation’s recreational boat group, where he was in charge of manufacturing, product development, and engineering and quality systems. Mr. McNew served as the Executive Vice President of Product Development & Engineering Manufacturing and Quality - Sea Ray, Bayliner and Meridian Brands of Sea Ray Boats, Inc. and Brunswick Boat Group since October 2009. Mr. McNew served as Senior Vice President of product development and engineering (PD&E). He spent more than 20 years in the recreational boating industry with Sea Ray, beginning his career at Brunswick's PD&E facility in Merritt Island, Fla. He then progressed steadily through several key manufacturing roles before ultimately assuming the position of Sea Ray vice president - manufacturing in 2001. He served as President and Chief Executive Officer of Correct Craft Boats in Orlando from 2004 to 2006. Mr. McNew returned to Brunswick in 2006. Mr. McNew held increasingly senior positions at Sea Ray, starting there in 1988 as a laminator and chop gun operator and ultimately leading manufacturing and PD&E. Mr. McNew received his BSBA in Economics from the University of Central Florida' College of Business Administration and is certified as a Six Sigma Black Belt from the University of Tennessee.

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

Average tenure and age of the MasterCraft Boat Holdings management team in years:

6.4
Average Tenure
56
Average Age
  • The average tenure for the MasterCraft Boat Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Terry McNew

TITLE
President
COMPENSATION
$1M
AGE
56
TENURE
6.6 yrs

Tim Oxley

TITLE
VP, CFO
COMPENSATION
$599K
AGE
59
TENURE
6.6 yrs

Tim Schiek

TITLE
President of NauticStar
COMPENSATION
$557K
AGE
49

Mike Schmidt

TITLE
Chief Information Officer
TENURE
0.8 yrs

Jay Povlin

TITLE
Vice President of Global Sales & Marketing
TENURE
6.2 yrs

Charlene Hampton

TITLE
Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the MasterCraft Boat Holdings board of directors in years:

3.2
Average Tenure
56
Average Age
  • The tenure for the MasterCraft Boat Holdings board of directors is about average.
Board of Directors

Frederick Brightbill

TITLE
Chairman of the Board
COMPENSATION
$174K
AGE
65
TENURE
3.7 yrs

Terry McNew

TITLE
President
COMPENSATION
$1M
AGE
56

Donald Campion

TITLE
Independent Director
COMPENSATION
$144K
AGE
69
TENURE
3.7 yrs

Peter Leemputte

TITLE
Independent Director
COMPENSATION
$134K
AGE
61
TENURE
3.2 yrs

Rock Lambert

TITLE
Independent Director
COMPENSATION
$113K
AGE
55
TENURE
3.2 yrs

T. J. Chung

TITLE
Independent Director
COMPENSATION
$115K
AGE
55
TENURE
2.3 yrs

W. Battle

TITLE
Independent Director
COMPENSATION
$111K
AGE
55
TENURE
1.8 yrs

Jaclyn Baumgarten

TITLE
Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Nov 18 Buy Terry McNew Individual 14. Nov 18 14. Nov 18 3,545 $28.14 $99,756
05. Jun 18 Sell Timothy Oxley Individual 04. Jun 18 04. Jun 18 -4,000 $29.81 $-119,240
31. May 18 Sell Terry McNew Individual 29. May 18 29. May 18 -5,000 $29.76 $-148,800
X
Management checks
We assess MasterCraft Boat Holdings'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. MasterCraft Boat Holdings 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 MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Can Impact Your Portfolio Volatility

(NASDAQ:MCFT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted 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.

Simply Wall St -

Are Insiders Selling MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in MasterCraft Boat Holdings, Inc. … MasterCraft Boat Holdings Insider Transactions Over The Last Year. … In the last twelve months, the biggest single sale by an insider was when President Terry McNew sold US$149k worth of shares at a price of US$29.76 per share

Simply Wall St -

At US$21.06, Is MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Worth Looking At Closely?

saw a decent share price growth in the teens level on the NASDAQGM over the last few months. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on MasterCraft Boat Holdings’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Is MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) P/E Ratio Really That Good?

To keep it practical, we'll show how MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) P/E ratio could help you assess the value on offer. … Based on the last twelve months, MasterCraft Boat Holdings's P/E ratio is 9.25. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Why We Like MasterCraft Boat Holdings, Inc.’s (NASDAQ:MCFT) 46% Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Much Did MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) CEO Pocket Last Year?

How Does Terry McNew's Compensation Compare With Similar Sized Companies. … is worth US$364m, and total annual CEO compensation is US$1.4m. … We think total compensation is more important but we note that the CEO salary is lower, at US$415k

Simply Wall St -

Why MasterCraft Boat Holdings Inc (NASDAQ:MCFT) Could Be Your Next Investment

I've been keeping an eye on MasterCraft Boat Holdings Inc (NASDAQ:MCFT) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe MCFT has a lot to offer.

Simply Wall St -

How MasterCraft Boat Holdings Inc (NASDAQ:MCFT) Can Impact Your Portfolio Volatility

Some investors use beta as a measure of how much a certain stock is impacted 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 -

What does MasterCraft Boat Holdings Inc's (NASDAQ:MCFT) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as MasterCraft Boat Holdings Inc (NASDAQ:MCFT) with its market cap of US$525m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

What Does MCBC Holdings Inc's (NASDAQ:MCFT) Share Price Indicate?

led the NasdaqGM gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine MCBC Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Company Info

Description

MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating. The company offers boats and boat trailers; and replacement and aftermarket boat parts and accessories, as well as manufactures pontoon boats ranging from 20 to 29 feet. It sells its boats through a network of independent dealers in North America and internationally. The company was formerly known as MCBC Holdings, Inc. and changed its name to MasterCraft Boat Holdings, Inc. in November 2018. The company was founded in 1968 and is headquartered in Vonore, Tennessee.

Details
Name: MasterCraft Boat Holdings, Inc.
MCFT
Exchange: NasdaqGM
Founded: 1968
$428,494,397
18,727,902
Website: http://www.mastercraft.com
Address: MasterCraft Boat Holdings, Inc.
100 Cherokee Cove Drive,
Vonore,
Tennessee, 37885,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MCFT Common Stock Nasdaq Global Market US USD 17. Jul 2015
DB 1SG Common Stock Deutsche Boerse AG DE EUR 17. Jul 2015
Number of employees
Current staff
Staff numbers
882
MasterCraft Boat Holdings employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:54
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/30
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.