Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, jet boat, and sport fishing markets worldwide.
Flawless balance sheet and good value.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MPX underperformed the US Leisure industry which returned -25.5% over the past year.
Return vs Market: MPX underperformed the US Market which returned -10.4% over the past year.
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
6 days ago | Simply Wall StHow Does Marine Products's (NYSE:MPX) P/E Compare To Its Industry, After The Share Price Drop?
1 week ago | Simply Wall StThis Broker Just Slashed Their Marine Products Corporation (NYSE:MPX) Earnings Forecasts
2 weeks ago | Simply Wall StHow Does Marine Products's (NYSE:MPX) P/E Compare To Its Industry, After The Share Price Drop?
Is Marine Products undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MPX ($9.02) is trading below our estimate of fair value ($20.34)
Significantly Below Fair Value: MPX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MPX is good value based on its PE Ratio (10.9x) compared to the Leisure industry average (12.9x).
PE vs Market: MPX is good value based on its PE Ratio (10.9x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: MPX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MPX is overvalued based on its PB Ratio (4x) compared to the US Leisure industry average (2.1x).
How is Marine Products forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPX's earnings are forecast to decline over the next 3 years (-24.4% per year).
Earnings vs Market: MPX's earnings are forecast to decline over the next 3 years (-24.4% per year).
High Growth Earnings: MPX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MPX's revenue is expected to decline over the next 3 years (-9.9% per year).
High Growth Revenue: MPX's revenue is forecast to decline over the next 3 years (-9.9% 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
How has Marine Products performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPX has high quality earnings.
Growing Profit Margin: MPX's current net profit margins (9.7%) are higher than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: MPX's earnings have grown significantly by 22.3% per year over the past 5 years.
Accelerating Growth: MPX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MPX had negative earnings growth (-0.9%) over the past year, making it difficult to compare to the Leisure industry average (-3.4%).
Return on Equity
High ROE: MPX's Return on Equity (36.6%) is considered high.
How is Marine Products's financial position?
Financial Position Analysis
Short Term Liabilities: MPX's short term assets ($70.9M) exceed its short term liabilities ($17.0M).
Long Term Liabilities: MPX's short term assets ($70.9M) exceed its long term liabilities ($10.5M).
Debt to Equity History and Analysis
Debt Level: MPX is debt free.
Reducing Debt: MPX has not had any debt for past 5 years.
Debt Coverage: MPX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MPX has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: MPX has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MPX's debt is covered by short term assets.
What is Marine Products's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MPX's dividend (6.43%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: MPX's dividend (6.43%) is in the top 25% of dividend payers in the US market (5.4%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MPX has been paying a dividend for less than 10 years.
Growing Dividend: MPX's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.9%), MPX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Richard Hubbell (74yo)
Mr. Richard A. Hubbell has been the President and Chief Executive Officer of Atlanta, Georgia since March 3, 2009. Mr. Hubbell has been the Chief Executive Officer at RPC, Inc. since April 22, 2003 and has ...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD1.17M) is below average for companies of similar size in the US market ($USD2.12M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
|Inside Director||19.25yrs||US$72.50k||2.68% $7.4m|
|Lead Director||no data||US$144.00k||0.99% $2.7m|
|Independent Director||19.25yrs||US$92.00k||0.16% $436.3k|
|Independent Director||15.25yrs||US$85.00k||0.0044% $12.1k|
Experienced Board: MPX's board of directors are seasoned and experienced ( 19 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marine Products Corporation's company bio, employee growth, exchange listings and data sources
- Name: Marine Products Corporation
- Ticker: MPX
- Exchange: NYSE
- Founded: 1965
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: US$274.526m
- Shares outstanding: 33.98m
- Website: https://www.marineproductscorp.com
Number of Employees
- Marine Products Corporation
- 2801 Buford Highway NE
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MPX||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 2001|
|50M||MUN (Boerse Muenchen)||Yes||Common Stock||DE||EUR||Feb 2001|
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, jet boat, and sport fishing 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 name. The company also provides center consoles, dual consoles, and Cayman Bay Boats under the Robalo brand name. It sells its products to a network of 195 domestic and 93 international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 01:19|
|End of Day Share Price||2020/03/31 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.