Marine Products
Market Cap
US$600.0m
Last Updated
2021/03/07 00:11 UTC
Data Sources
Company Financials +
Executive Summary
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. More Details
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
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
Stable Share Price: MPX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MPX's weekly volatility has decreased from 13% to 7% over the past year.
Market Performance
7 Day Return
5.0%
MPX
-3.5%
US Leisure
-0.4%
US Market
1 Year Return
43.6%
MPX
116.9%
US Leisure
36.2%
US Market
Return vs Industry: MPX underperformed the US Leisure industry which returned 116.9% over the past year.
Return vs Market: MPX exceeded the US Market which returned 36.2% over the past year.
Shareholder returns
| MPX | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.0% | -3.5% | -0.4% |
| 30 Day | -2.1% | -14.6% | -2.3% |
| 90 Day | 14.6% | 7.7% | 5.0% |
| 1 Year | 47.5%43.6% | 120.8%116.9% | 39.1%36.2% |
| 3 Year | 26.8%15.7% | 36.8%29.2% | 48.4%39.0% |
| 5 Year | 172.2%135.6% | 29.1%17.1% | 116.6%92.4% |
Long-Term 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
2 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Marine Products Corporation (NYSE:MPX)1 month ago | Simply Wall St
Marine Products Corporation (NYSE:MPX) Looks Interesting, And It's About To Pay A Dividend1 month ago | Simply Wall St
Marine Products Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextValuation
Is Marine Products undervalued compared to its fair value and its price relative to the market?
30.8x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MPX ($17.65) is trading above our estimate of fair value ($9.76)
Significantly Below Fair Value: MPX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MPX is poor value based on its PE Ratio (30.8x) compared to the US Leisure industry average (29.7x).
PE vs Market: MPX is poor value based on its PE Ratio (30.8x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: MPX is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: MPX is overvalued based on its PB Ratio (7.1x) compared to the US Leisure industry average (4.6x).
Next Steps
Future Growth
How is Marine Products forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
21.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPX's forecast earnings growth (21.6% per year) is above the savings rate (2%).
Earnings vs Market: MPX's earnings (21.6% per year) are forecast to grow faster than the US market (19.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MPX's revenue (12.9% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: MPX's revenue (12.9% 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?
8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPX has high quality earnings.
Growing Profit Margin: MPX's current net profit margins (8.1%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: MPX's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: MPX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MPX had negative earnings growth (-31.1%) over the past year, making it difficult to compare to the Leisure industry average (26.6%).
Return on Equity
High ROE: MPX's Return on Equity (23%) is considered high.
Next Steps
Financial Health
How is Marine Products's financial position?
Financial Position Analysis
Short Term Liabilities: MPX's short term assets ($80.5M) exceed its short term liabilities ($21.7M).
Long Term Liabilities: MPX's short term assets ($80.5M) exceed its long term liabilities ($13.2M).
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
Next Steps
Dividend
What is Marine Products's current dividend yield, its reliability and sustainability?
2.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MPX's dividend (2.15%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: MPX's dividend (2.15%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: MPX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MPX's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.3%), 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
How experienced are the management team and are they aligned to shareholders interests?
0.6yrs
Average board tenure
CEO
Richard Hubbell (75 yo)
20.08yrs
Tenure
US$1,173,730
Compensation
Mr. Richard A. Hubbell has been the President and Chief Executive Officer of Atlanta, Georgia since March 3, 2009. Mr. Hubbell has been the Chief Executive Officer at RPC, Inc. since April 22, 2003 and has...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD1.17M) is about average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.08yrs | US$1.17m | 3.53% $ 21.2m | |
| Lead Independent Director | no data | no data | no data | |
| Chairman | 0.58yr | US$72.50k | 4.52% $ 27.1m | |
| Director | 0.58yr | no data | 0.0052% $ 30.9k | |
| Director | 3.67yrs | US$72.50k | 0.34% $ 2.1m | |
| Director | 4.42yrs | US$72.50k | 0.22% $ 1.3m | |
| Director | 0.17yr | no data | 0.0073% $ 44.1k | |
| Director | 0.17yr | no data | 0.0059% $ 35.3k |
0.6yrs
Average Tenure
72yo
Average Age
Experienced Board: MPX's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MPX insiders have bought more shares than they have sold 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
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$599.974m
- Shares outstanding: 33.99m
- Website: https://www.marineproductscorp.com
Number of Employees
Location
- Marine Products Corporation
- 2801 Buford Highway NE
- Suite 300
- 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, sport fishing, and jet boat markets worldwide. It offers Chaparral sterndrive pleasure boa...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 00:11 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.