Marine Products
Market Cap
US$468.1m
Last Updated
2019/10/22 23:37 UTC
Data Sources
Company Financials +
Executive Summary
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide.
Snowflake
Fundamentals
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Marine Products's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.2%
MPX
-5.3%
US Leisure
0.07%
US Market
1 Year Return
-39.9%
MPX
-5.1%
US Leisure
8.9%
US Market
Return vs Industry: MPX underperformed the US Leisure industry which returned -5.1% over the past year.
Return vs Market: MPX underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| MPX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -5.3% | 0.07% |
| 30 Day | -8.8% | -2.0% | -0.3% |
| 90 Day | -0.9% | -5.6% | -1.6% |
| 1 Year | -38.1%-39.9% | -3.4%-5.1% | 11.3%8.9% |
| 3 Year | 67.9%55.0% | -8.6%-13.3% | 46.3%36.8% |
| 5 Year | 97.7%72.1% | 6.6%-5.1% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Marine Products's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 hours ago | Simply Wall St
Is Marine Products Corporation's (NYSE:MPX) 36% ROE Better Than Average?2 weeks ago | Simply Wall St
How Should Investors React To Marine Products Corporation's (NYSE:MPX) CEO Pay?4 weeks ago | Simply Wall St
The Marine Products (NYSE:MPX) Share Price Is Up 90% And Shareholders Are Holding OnValuation
Is Marine Products undervalued compared to its fair value and its price relative to the market?
16.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MPX ($13.75) is trading above our estimate of fair value ($7.9)
Significantly Below Fair Value: MPX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MPX is good value based on its PE Ratio (16.4x) compared to the Leisure industry average (19.3x).
PE vs Market: MPX is good value based on its PE Ratio (16.4x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: MPX is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: MPX is overvalued based on its PB Ratio (5.9x) compared to the US Leisure industry average (2.3x).
Next Steps
Future Growth
How is Marine Products forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPX's forecast earnings growth (8.2% per year) is above the savings rate (2.7%).
Earnings vs Market: MPX's earnings (8.2% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: MPX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MPX's revenue (7.3% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: MPX's revenue (7.3% 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 MPX's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Marine Products performed over the past 5 years?
24.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MPX's earnings have grown significantly by 24.4% per year over the past 5 years.
Accelerating Growth: MPX's earnings growth over the past year (17.2%) is below its 5-year average (24.4% per year).
Earnings vs Industry: MPX earnings growth over the past year (17.2%) underperformed the Leisure industry 17.2%.
Return on Equity
High ROE: MPX's Return on Equity (36.3%) is considered high.
Return on Assets
ROA vs Industry: MPX has a higher Return on Assets than the Leisure industry average last year.
Return on Capital Employed
ROCE Improving: MPX has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Marine Products's financial position?
Financial Position Analysis
Short Term Liabilities: MPX's short term assets ($80.1M) exceeds its short term liabilities ($25.5M)
Long Term Liabilities: MPX's short term assets (80.1M) exceeds its long term liabilities (9.3M)
Debt to Equity History and Analysis
Debt Level: MPX is debt free.
Reducing Debt: MPX has not had any debt for past 5 years.
Debt Coverage: MPX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MPX has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: MPX has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MPX's debt is covered by short term assets.
Next Steps
Dividend
What is Marine Products's current dividend yield, its reliability and sustainability?
4.22%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MPX's dividend (4.22%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: MPX's dividend (4.22%) is in the top 25% of dividend payers in the US market (3.68%)
Stable Dividend: MPX's dividend payments have been volatile in the past 10 years.
Growing Dividend: MPX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.9%), MPX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Marine Products's salary, the management and board of directors tenure and is there insider trading?
18.7yrs
Average board tenure
CEO
Richard Hubbell (74yo)
18.7yrs
Tenure
US$1,179,400
Compensation
Mr. Richard A. Hubbell has been the President and Chief Executive Officer of Atlanta, Georgia since March 3, 2009. Mr. Hubbell has been the Chief Executive Officer at RPC, Inc. since April 22, 2003 and has ...
CEO Compensation Analysis
Compensation vs. Market: Richard's total compensation ($USD1.18M) is below average for companies of similar size in the US market ($USD1.81M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Board Age and Tenure
18.7yrs
Average Tenure
78.5yo
Average Age
Experienced Board: MPX's board of directors are seasoned and experienced ( 18.7 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
| Entity | Company |
| Shares | 49,520 |
| Max Price | US$17.19 |
Ownership Breakdown
Management Team
Richard Hubbell (74yo)
President
- Tenure: 18.7yrs
- Compensation: US$1.18m
Ben Palmer (59yo)
VP, CFO
- Tenure: 18.7yrs
- Compensation: US$848.52k
Jim Landers
Vice President of Corporate Finance
- Tenure: 0yrs
Sharon Lennon
Manager of Investor Relations & Corporate Communications
- Tenure: 0yrs
Board Members
Richard Hubbell (74yo)
President
- Tenure: 18.7yrs
- Compensation: US$1.18m
R. Rollins (87yo)
Chairman
- Tenure: 18.7yrs
- Compensation: US$1.08m
Gary Rollins (74yo)
Inside Director
- Tenure: 18.8yrs
- Compensation: US$62.50k
Henry Tippie (92yo)
Presiding Director
- Tenure: 0yrs
- Compensation: US$134.00k
James Williams (85yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$82.00k
Bill Dismuke (83yo)
Independent Director
- Tenure: 14.8yrs
- Compensation: US$75.00k
Pam Rollins (62yo)
Director
- Tenure: 2.3yrs
- Compensation: US$62.50k
Tim Rollins (57yo)
Director
- Tenure: 3yrs
- Compensation: US$62.50k
Company Information
Marine Products Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Marine Products Corporation
- Ticker: MPX
- Exchange: NYSE
- Founded: 1965
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: US$468.130m
- Shares outstanding: 34.05m
- Website: https://www.marineproductscorp.com
Number of Employees
Location
- Marine Products Corporation
- 2801 Buford Highway NE
- Suite 520
- Atlanta
- Georgia
- 30329
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MPX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 2001 |
| 50M | MUN (Boerse Muenchen) | Yes | Common Stock | DE | EUR | Feb 2001 |
Biography
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Cha ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:37 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.