NYSE:MPX

Stock Analysis Report

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

MPXIndustryMarket
7 Day0.2%-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 Year67.9%55.0%-8.6%-13.3%46.3%36.8%
5 Year97.7%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

Valuation

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

company4.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

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

SellUS$679,20925 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares49,520
Max PriceUS$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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MPXNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2001
50MMUN (Boerse Muenchen)YesCommon StockDEEURFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:37
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.