NYSE:MPX

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$530.6m

Last Updated

2021/08/05 22:56 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 solid track record.


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 +/- 5% a week.

Volatility Over Time: MPX's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.8%

MPX

1.1%

US Leisure

0.02%

US Market


1 Year Return

9.2%

MPX

54.9%

US Leisure

33.2%

US Market

Return vs Industry: MPX underperformed the US Leisure industry which returned 54.9% over the past year.

Return vs Market: MPX underperformed the US Market which returned 33.2% over the past year.


Shareholder returns

MPXIndustryMarket
7 Day-2.8%1.1%0.02%
30 Day-2.2%0.1%-0.1%
90 Day-6.8%11.4%4.1%
1 Year11.9%9.2%57.2%54.9%35.3%33.2%
3 Year-10.9%-18.3%41.5%34.3%61.4%51.3%
5 Year106.0%79.6%35.0%23.8%122.2%97.7%

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

Valuation

Is Marine Products undervalued compared to its fair value and its price relative to the market?

19.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MPX ($15.61) is trading above our estimate of fair value ($5.47)

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 (19.3x) compared to the US Leisure industry average (19.6x).

PE vs Market: MPX is poor value based on its PE Ratio (19.3x) compared to the US market (17.8x).


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 (5.8x) compared to the US Leisure industry average (4.7x).


Future Growth

How is Marine Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.2%

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?

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPX has high quality earnings.

Growing Profit Margin: MPX's current net profit margins (9.6%) are higher than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: MPX's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: MPX's earnings growth over the past year (58.4%) exceeds its 5-year average (6.3% per year).

Earnings vs Industry: MPX earnings growth over the past year (58.4%) underperformed the Leisure industry 214.6%.


Return on Equity

High ROE: MPX's Return on Equity (30.1%) is considered high.


Financial Health

How is Marine Products's financial position?


Financial Position Analysis

Short Term Liabilities: MPX's short term assets ($96.4M) exceed its short term liabilities ($30.1M).

Long Term Liabilities: MPX's short term assets ($96.4M) exceed its long term liabilities ($15.2M).


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


Dividend

What is Marine Products's current dividend yield, its reliability and sustainability?

2.69%

Current Dividend Yield


Upcoming Dividend Payment

TodayAug 06 2021Ex Dividend DateAug 09 2021Dividend Pay DateSep 10 202132 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MPX's dividend (2.69%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: MPX's dividend (2.69%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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 (52%), 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?

1.0yrs

Average board tenure


CEO

Richard Hubbell (76 yo)

20.5yrs

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 ($USD1.11M) is below average for companies of similar size in the US market ($USD1.76M).

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 not considered experienced ( 1 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: 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 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$530.644m
  • 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


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/05 22:56
End of Day Share Price2021/08/05 00:00
Earnings2021/06/30
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.