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MPX

Marine ProductsNYSE:MPX Stock Report

Last Price

US$11.90

Market Cap

US$404.5m

7D

-2.5%

1Y

-24.4%

Updated

16 Jan, 2022

Data

Company Financials
MPX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

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

Brunswick

NYSE:BC

US$7.6b

Malibu Boats

NasdaqGM:MBUU

US$1.4b

Johnson Outdoors

NasdaqGS:JOUT

US$919.3m

MasterCraft Boat Holdings

NasdaqGM:MCFT

US$501.9m

Price History & Performance

Summary of all time highs, changes and price drops for Marine Products
Historical stock prices
Current Share PriceUS$11.90
52 Week HighUS$19.28
52 Week LowUS$11.00
Beta1.19
1 Month Change2.41%
3 Month Change-7.10%
1 Year Change-24.40%
3 Year Change-31.92%
5 Year Change-8.32%
Change since IPO482.06%

Recent News & Updates

Dec 04

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.

Oct 30
Marine Products (NYSE:MPX) Will Pay A Dividend Of US$0.12

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

MPXUS LeisureUS 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

Is MPX's price volatile compared to industry and market?
MPX volatility
MPX Average Weekly Movement4.6%
Leisure Industry Average Movement6.5%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1965823Richard Hubbellhttps://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

How do Marine Products's earnings and revenue compare to its market cap?
MPX fundamental statistics
Market CapUS$404.51m
Earnings (TTM)US$27.57m
Revenue (TTM)US$292.59m

14.7x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPX income statement (TTM)
RevenueUS$292.59m
Cost of RevenueUS$226.04m
Gross ProfitUS$66.55m
ExpensesUS$38.97m
EarningsUS$27.57m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 26, 2022

Earnings per share (EPS)0.81
Gross Margin22.74%
Net Profit Margin9.42%
Debt/Equity Ratio0.0%

How did MPX perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

57%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:17
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.