| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
MPX Stock Overview
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide.
Marine Products Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$11.90 |
| 52 Week High | US$19.28 |
| 52 Week Low | US$11.00 |
| Beta | 1.19 |
| 1 Month Change | 2.41% |
| 3 Month Change | -7.10% |
| 1 Year Change | -24.40% |
| 3 Year Change | -31.92% |
| 5 Year Change | -8.32% |
| Change since IPO | 482.06% |
Recent News & Updates
3 Reasons That The Tide Is Turning For Marine Products
Demand for boating is high, and Marine Products has a rising amount of substantially completed boats. Marine Products’ stock price is near 52-week lows. The company is a superbly managed business and friendly to investors.
Marine Products (NYSE:MPX) Will Pay A Dividend Of US$0.12
The board of Marine Products Corporation ( NYSE:MPX ) has announced that it will pay a dividend on the 10th of...
Shareholder Returns
| MPX | US Leisure | US Market | |
|---|---|---|---|
| 7D | -2.5% | -2.9% | -0.5% |
| 1Y | -24.4% | -35.0% | 13.7% |
Return vs Industry: MPX exceeded the US Leisure industry which returned -35% over the past year.
Return vs Market: MPX underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| MPX volatility | |
|---|---|
| MPX Average Weekly Movement | 4.6% |
| Leisure Industry Average Movement | 6.5% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: MPX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MPX's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1965 | 823 | Richard Hubbell | https://www.marineproductscorp.com |
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 boats, including SSi Sport, Ski and Fish Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats within the SSi and SSX, SunCoast, and OSX Sport Luxury models; Robalo outboard sport fishing boats; and Vortex jet boats under the Chaparral brand. The company also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name.
Marine Products Fundamentals Summary
| MPX fundamental statistics | |
|---|---|
| Market Cap | US$404.51m |
| Earnings (TTM) | US$27.57m |
| Revenue (TTM) | US$292.59m |
14.7x
P/E Ratio1.4x
P/S RatioIs MPX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MPX income statement (TTM) | |
|---|---|
| Revenue | US$292.59m |
| Cost of Revenue | US$226.04m |
| Gross Profit | US$66.55m |
| Expenses | US$38.97m |
| Earnings | US$27.57m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 26, 2022
| Earnings per share (EPS) | 0.81 |
| Gross Margin | 22.74% |
| Net Profit Margin | 9.42% |
| Debt/Equity Ratio | 0.0% |
How did MPX perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield57%
Payout RatioValuation
Is Marine Products undervalued compared to its fair value and its price relative to the market?
14.67x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MPX ($11.9) is trading above our estimate of fair value ($6.69)
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 (14.7x) compared to the US Leisure industry average (13.5x).
PE vs Market: MPX is good value based on its PE Ratio (14.7x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MPX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MPX is overvalued based on its PB Ratio (4.3x) compared to the US Leisure industry average (3.5x).
Future Growth
How is Marine Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.9%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Marine Products has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Marine Products performed over the past 5 years?
5.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPX has a high level of non-cash earnings.
Growing Profit Margin: MPX's current net profit margins (9.4%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: MPX's earnings have grown by 5.5% per year over the past 5 years.
Accelerating Growth: MPX's earnings growth over the past year (72.4%) exceeds its 5-year average (5.5% per year).
Earnings vs Industry: MPX earnings growth over the past year (72.4%) underperformed the Leisure industry 76%.
Return on Equity
High ROE: MPX's Return on Equity (29.3%) is considered high.
Financial Health
How is Marine Products's financial position?
Financial Position Analysis
Short Term Liabilities: MPX's short term assets ($99.6M) exceed its short term liabilities ($29.8M).
Long Term Liabilities: MPX's short term assets ($99.6M) exceed its long term liabilities ($15.7M).
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
Dividend
What is Marine Products's current dividend yield, its reliability and sustainability?
3.53%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MPX's dividend (3.53%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: MPX's dividend (3.53%) is in the top 25% of dividend payers in the US market (3.44%)
Stability and Growth of Payments
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 (56.6%), 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?
4.5yrs
Average board tenure
CEO
Richard Hubbell (76 yo)
20.92yrs
Tenure
US$1,113,750
Compensation
Mr. Richard A. Hubbell has been the President and Chief Executive Officer of Atlanta, Georgia since March 3, 2009. Mr. Hubbell has been the Chief Executive Officer at RPC, Inc. since April 22, 2003 and has...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD1.11M) is below average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: MPX's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 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
- Implied Market Cap: US$404.505m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:17 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| 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.