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$10.18|
|52 Week High||US$18.74|
|52 Week Low||US$10.11|
|1 Month Change||-18.30%|
|3 Month Change||-15.87%|
|1 Year Change||-38.93%|
|3 Year Change||-29.50%|
|5 Year Change||-23.75%|
|Change since IPO||397.93%|
Recent News & Updates
|MPX||US Leisure||US Market|
Return vs Industry: MPX exceeded the US Leisure industry which returned -44.8% over the past year.
Return vs Market: MPX underperformed the US Market which returned -12.9% over the past year.
|MPX Average Weekly Movement||7.1%|
|Leisure Industry Average Movement||7.6%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
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 (7%) has been stable over the past year.
About the Company
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats, and SSi and SSX outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name.
Marine Products Fundamentals Summary
|MPX fundamental statistics|
Is MPX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MPX income statement (TTM)|
|Cost of Revenue||US$228.05m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.82|
|Net Profit Margin||9.45%|
How did MPX perform over the long term?See historical performance and comparison
4.7%Current Dividend Yield
Is Marine Products undervalued compared to its fair value and its price relative to the market?
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MPX ($10.18) is trading above our estimate of fair value ($8.42)
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 (12.4x) compared to the US Leisure industry average (9.7x).
PE vs Market: MPX is good value based on its PE Ratio (12.4x) compared to the US market (15.3x).
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 (3.4x) compared to the US Leisure industry average (2.7x).
How is Marine Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
How has Marine Products performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
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 (9%).
Past Earnings Growth Analysis
Earnings Trend: MPX's earnings have grown by 4.3% per year over the past 5 years.
Accelerating Growth: MPX's earnings growth over the past year (20%) exceeds its 5-year average (4.3% per year).
Earnings vs Industry: MPX earnings growth over the past year (20%) underperformed the Leisure industry 30.9%.
Return on Equity
High ROE: MPX's Return on Equity (27.6%) is considered high.
How is Marine Products's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MPX's short term assets ($104.0M) exceed its short term liabilities ($24.8M).
Long Term Liabilities: MPX's short term assets ($104.0M) exceed its long term liabilities ($15.5M).
Debt to Equity History and Analysis
Debt Level: MPX is debt free.
Reducing Debt: MPX has not had any debt for past 5 years.
Debt Coverage: MPX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MPX has no debt, therefore coverage of interest payments is not a concern.
What is Marine Products's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MPX's dividend (4.72%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: MPX's dividend (4.72%) is in the top 25% of dividend payers in the US market (4.11%)
Stability and Growth of Payments
Stable Dividend: MPX's dividend payments have been volatile in the past 10 years.
Growing Dividend: MPX's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (58.3%), MPX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MPX is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ben Palmer (61 yo)
Mr. Ben M. Palmer is President, Chief Executive Officer & Director of Marine Products Corporation from May 17, 2022. He serves as Treasurer at Cudd Energy Services, Inc. Mr. Palmer had been Chief Financial...
CEO Compensation Analysis
Compensation vs Market: Ben's total compensation ($USD905.22K) is below average for companies of similar size in the US market ($USD2.59M).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
Experienced Board: MPX's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marine Products Corporation's employee growth, exchange listings and data sources
- Name: Marine Products Corporation
- Ticker: MPX
- Exchange: NYSE
- Founded: 1965
- Industry: Leisure Products
- Sector: Consumer Durables
- Implied Market Cap: US$347.570m
- Shares outstanding: 34.14m
- Website: https://www.marineproductscorp.com
Number of Employees
- Marine Products Corporation
- 2801 Buford Highway NE
- Suite 300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/21 00:00|
|End of Day Share Price||2022/05/20 00:00|
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.