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Marine Products

NYSE:MPX
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPX
NYSE
$568M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The last earnings update was 48 days ago. More info.


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MPX Share Price and Events
7 Day Returns
14.6%
NYSE:MPX
4.7%
US Leisure
1.2%
US Market
1 Year Returns
1.2%
NYSE:MPX
-11.9%
US Leisure
2.3%
US Market
MPX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marine Products (MPX) 14.6% 15.7% 26.2% 1.2% 108.1% 106.3%
US Leisure 4.7% 7.3% 7.4% -11.9% -12.5% -7.1%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • MPX outperformed the Leisure industry which returned -11.9% over the past year.
  • MPX underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
MPX
Industry
5yr Volatility vs Market

Value

 Is Marine Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Marine Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Marine Products.

NYSE:MPX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MPX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 21%) (0.03%))
0.969
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.969 * 5.96%)
8.51%

Discounted Cash Flow Calculation for NYSE:MPX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Marine Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MPX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.51%)
2019 24.79 Est @ 0.66% 22.85
2020 25.11 Est @ 1.28% 21.33
2021 25.54 Est @ 1.71% 19.99
2022 26.05 Est @ 2.02% 18.79
2023 26.64 Est @ 2.23% 17.71
2024 27.27 Est @ 2.38% 16.71
2025 27.95 Est @ 2.49% 15.78
2026 28.66 Est @ 2.56% 14.92
2027 29.41 Est @ 2.61% 14.10
2028 30.19 Est @ 2.65% 13.34
Present value of next 10 years cash flows $175.51
NYSE:MPX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $30.19 × (1 + 2.73%) ÷ (8.51% – 2.73%)
$536.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $536.75 ÷ (1 + 8.51%)10
$237.22
NYSE:MPX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $175.51 + $237.22
$412.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $412.73 / 34.13
$12.09
NYSE:MPX Discount to Share Price
Calculation Result
Value per share (USD) From above. $12.09
Current discount Discount to share price of $16.65
= -1 x ($16.65 - $12.09) / $12.09
-37.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Marine Products is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Marine Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marine Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MPX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.82
NYSE:MPX Share Price ** NYSE (2019-06-19) in USD $16.65
United States of America Leisure Industry PE Ratio Median Figure of 15 Publicly-Listed Leisure Companies 18.79x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Marine Products.

NYSE:MPX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MPX Share Price ÷ EPS (both in USD)

= 16.65 ÷ 0.82

20.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marine Products is overvalued based on earnings compared to the US Leisure industry average.
  • Marine Products is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Marine Products's expected growth come at a high price?
Raw Data
NYSE:MPX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.4%per year
United States of America Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.7x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:MPX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.22x ÷ 7.4%

2.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marine Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Marine Products's assets?
Raw Data
NYSE:MPX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.18
NYSE:MPX Share Price * NYSE (2019-06-19) in USD $16.65
United States of America Leisure Industry PB Ratio Median Figure of 25 Publicly-Listed Leisure Companies 2.44x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NYSE:MPX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MPX Share Price ÷ Book Value per Share (both in USD)

= 16.65 ÷ 2.18

7.65x

* Primary Listing of Marine Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marine Products is overvalued based on assets compared to the US Leisure industry average.
X
Value checks
We assess Marine Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Marine Products has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Marine Products expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marine Products expected to grow at an attractive rate?
  • Marine Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Marine Products's earnings growth is positive but not above the United States of America market average.
  • Marine Products's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MPX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MPX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.4%
NYSE:MPX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.2%
United States of America Leisure Industry Earnings Growth Rate Market Cap Weighted Average 30.2%
United States of America Leisure Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MPX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MPX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 337 36 32 1
2019-12-31 306 38 27 1
NYSE:MPX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 304 27 28
2018-12-31 299 23 28
2018-09-30 302 29 27
2018-06-30 289 30 24
2018-03-31 274 27 22
2017-12-31 267 30 19
2017-09-30 259 21 20
2017-06-30 255 23 19
2017-03-31 249 16 18
2016-12-31 241 16 17
2016-09-30 234 16 16
2016-06-30 226 14 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Marine Products's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
  • Marine Products's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MPX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Marine Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MPX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.93 0.93 0.93 1.00
2019-12-31 0.80 0.80 0.80 1.00
NYSE:MPX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.82
2018-12-31 0.83
2018-09-30 0.78
2018-06-30 0.70
2018-03-31 0.62
2017-12-31 0.55
2017-09-30 0.55
2017-06-30 0.53
2017-03-31 0.49
2016-12-31 0.44
2016-09-30 0.44
2016-06-30 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Marine Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Marine Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Marine Products has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Marine Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Marine Products's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Marine Products has delivered over 20% year on year earnings growth in the past 5 years.
  • Marine Products's 1-year earnings growth exceeds its 5-year average (31.4% vs 25%)
  • Marine Products's earnings growth has not exceeded the US Leisure industry average in the past year (31.4% vs 36.2%).
Earnings and Revenue History
Marine Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Marine Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MPX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 304.13 28.38 31.33 0.82
2018-12-31 298.62 28.49 30.11 0.82
2018-09-30 302.15 26.96 29.87 0.96
2018-06-30 289.33 24.42 29.67 0.96
2018-03-31 273.81 21.60 28.91 0.96
2017-12-31 267.32 19.30 28.30 0.96
2017-09-30 258.96 19.59 28.57 0.86
2017-06-30 255.12 19.32 28.08 0.86
2017-03-31 248.71 18.05 27.22 0.86
2016-12-31 241.33 16.75 27.31 0.86
2016-09-30 233.97 16.32 25.48 0.66
2016-06-30 225.65 15.16 24.59 0.66
2016-03-31 220.08 14.80 24.07 0.66
2015-12-31 207.06 14.31 22.59 0.66
2015-09-30 194.62 12.10 21.71 0.74
2015-06-30 185.52 10.76 20.68 0.74
2015-03-31 173.99 9.49 19.80 0.74
2014-12-31 171.05 8.63 19.92 0.74
2014-09-30 173.40 8.79 19.60 1.07
2014-06-30 177.45 9.14 20.14 1.07
2014-03-31 171.71 8.06 19.67 1.07
2013-12-31 168.29 7.29 19.24 1.07
2013-09-30 162.66 6.45 19.00 0.77
2013-06-30 159.17 6.56 18.67 0.77
2013-03-31 155.38 6.80 18.37 0.77
2012-12-31 148.95 6.98 17.68 0.77
2012-09-30 142.73 9.55 16.74 0.79
2012-06-30 126.49 8.64 15.28 0.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Marine Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Marine Products used its assets more efficiently than the US Leisure industry average last year based on Return on Assets.
  • Marine Products has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Marine Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Marine Products has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Marine Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Marine Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marine Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Marine Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Marine Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Marine Products has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Marine Products Company Filings, last reported 2 months ago.

NYSE:MPX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 74.23 0.19 18.35
2018-12-31 75.21 0.00 11.71
2018-09-30 80.50 0.00 10.75
2018-06-30 77.17 0.00 15.50
2018-03-31 71.36 0.00 13.21
2017-12-31 69.60 0.00 10.32
2017-09-30 72.67 0.00 7.38
2017-06-30 71.11 0.00 8.68
2017-03-31 67.59 0.00 9.94
2016-12-31 65.45 0.00 6.73
2016-09-30 97.67 0.00 16.70
2016-06-30 95.42 0.00 14.64
2016-03-31 92.47 0.00 18.24
2015-12-31 90.21 0.00 15.81
2015-09-30 89.00 0.00 18.12
2015-06-30 86.97 0.00 17.60
2015-03-31 84.71 0.00 15.34
2014-12-31 83.49 0.00 7.73
2014-09-30 85.01 0.00 17.32
2014-06-30 83.82 0.00 10.58
2014-03-31 82.21 0.00 17.10
2013-12-31 81.48 0.00 10.75
2013-09-30 80.38 0.00 11.14
2013-06-30 78.98 0.00 8.44
2013-03-31 77.97 0.00 7.80
2012-12-31 77.75 0.00 2.80
2012-09-30 97.77 0.46 13.89
2012-06-30 95.91 0.46 9.19
  • Marine Products has no debt.
  • Marine Products had no debt 5 years ago.
  • Marine Products has no debt, it does not need to be covered by operating cash flow.
  • Marine Products has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Marine Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Marine Products has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.48%
Current annual income from Marine Products dividends.
If you bought $2,000 of Marine Products shares you are expected to receive $70 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Marine Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Marine Products's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MPX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Leisure Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MPX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NYSE:MPX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.580 3.893
2019-01-23 0.580 4.177
2018-10-24 0.500 2.613
2018-07-25 0.400 1.935
2018-04-25 0.400 2.367
2018-01-24 0.400 2.770
2017-10-25 0.280 1.964
2017-07-26 0.280 1.839
2017-04-26 0.280 2.018
2017-01-25 0.280 2.564
2016-10-25 0.280 2.394
2016-07-27 0.280 3.146
2016-04-27 0.280 3.293
2016-01-27 0.280 3.738
2015-10-28 0.200 3.148
2015-07-29 0.200 2.928
2015-04-29 0.200 3.110
2015-01-28 0.200 2.445
2014-10-29 0.160 2.152
2014-07-23 0.150 1.866
2014-04-23 0.150 1.944
2014-01-29 0.150 1.872
2013-10-23 0.150 1.653
2013-07-24 0.120 1.337
2013-04-24 0.120 1.557
2013-01-23 0.120 1.753
2012-10-24 0.080 1.406
2012-07-25 0.080 1.395
2012-04-25 0.080 1.420
2012-01-25 0.080 1.316
2010-11-04 0.000 0.000
2010-10-27 0.000 0.000
2010-08-06 0.000 0.000
2010-07-28 0.000 0.000
2010-05-07 0.000 0.000
2010-04-28 0.000 0.000
2010-01-27 0.000 0.000
2009-11-05 0.000 0.000
2009-10-28 0.000 0.000
2009-08-05 0.000 0.000
2009-07-29 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Marine Products has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Marine Products only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Marine Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Marine Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Marine Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marine Products has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Marine Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Hubbell
COMPENSATION $1,179,400
AGE 73
TENURE AS CEO 18.3 years
CEO Bio

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 been its President since January 27, 1987. He has been the President and Chief Executive Officer of Marine Products Corporation since February 28, 2001 and its President of Chaparral Boats since May 4, 2016. He served as the Chief Operating Officer at RPC Inc., from 1987 to April 21, 2004. Mr. Hubbell has been a Director of RPC Inc. since January 27, 1987. He has been an Inside Director of Marine Products Corp. since February 28, 2001. Mr. Hubbell received a B.A. in Economics from Westminster College.

CEO Compensation
  • Richard's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Richard's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Richard Hubbell

TITLE
President
COMPENSATION
$1M
AGE
73
TENURE
18.3 yrs

Ben Palmer

TITLE
VP, CFO
COMPENSATION
$849K
AGE
58
TENURE
18.3 yrs

Jim Landers

TITLE
Vice President of Corporate Finance

Sharon Lennon

TITLE
Manager of Investor Relations & Corporate Communications
Board of Directors Tenure

Average tenure and age of the Marine Products board of directors in years:

18.3
Average Tenure
77.5
Average Age
  • The average tenure for the Marine Products board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

R. Rollins

TITLE
Chairman
COMPENSATION
$1M
AGE
86
TENURE
18.3 yrs

Richard Hubbell

TITLE
President
COMPENSATION
$1M
AGE
73
TENURE
18.4 yrs

Henry Tippie

TITLE
Presiding Director
COMPENSATION
$134K
AGE
91

Gary Rollins

TITLE
Inside Director
COMPENSATION
$63K
AGE
73
TENURE
18.4 yrs

Bill Dismuke

TITLE
Independent Director
COMPENSATION
$75K
AGE
82
TENURE
14.4 yrs

James Williams

TITLE
Independent Director
COMPENSATION
$82K
AGE
84
TENURE
18.4 yrs

Tim Rollins

TITLE
Director
COMPENSATION
$63K
AGE
56
TENURE
2.7 yrs

Pam Rollins

TITLE
Director
COMPENSATION
$63K
AGE
61
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Marine Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Marine Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Adding Marine Products (NYSE:MPX) To Your Watchlist Today?

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Marine Products (NYSE:MPX). … For companies with market capitalizations between US$200m and US$800m, like Marine Products, the median CEO pay is around US$1.8m. … Although Marine Products certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

How Much Are Marine Products Corporation (NYSE:MPX) Insiders Taking Off The Table?

So shareholders might well want to know whether insiders have been buying or selling shares in Marine Products Corporation (NYSE:MPX). … View our latest analysis for Marine Products The Last 12 Months Of Insider Transactions At Marine Products Over the last year, we can see that the biggest insider sale was by the VP, CFO, Ben Palmer, for US$57k worth of shares, at about US$16.54 per share. … Insider Ownership of Marine Products For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Is Marine Products Corporation's (NYSE:MPX) CEO Paid Enough Relative To Peers?

See our latest analysis for Marine Products How Does Richard Hubbell's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Marine Products Corporation has a market cap of US$506m, and is paying total annual CEO compensation of US$1.2m. … The graphic below shows how CEO compensation at Marine Products has changed from year to year.

Simply Wall St -

Calculating The Fair Value Of Marine Products Corporation (NYSE:MPX)

In this article we are going to estimate the intrinsic value of Marine Products Corporation (NYSE:MPX). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model?

Simply Wall St -

Here's How We Evaluate Marine Products Corporation's (NYSE:MPX) Dividend

Is Marine Products Corporation (NYSE:MPX) a good dividend stock? … With Marine Products yielding 4.2% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

Here's What Marine Products Corporation's (NYSE:MPX) ROCE Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … The formula for calculating the return on capital employed is:

Simply Wall St -

Was Marine Products Corporation's (NYSE:MPX) Earnings Growth Better Than The Industry's?

Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. … Below, I will assess Marine Products Corporation's (NYSE:MPX) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 25%, indicating the rate at which MPX is growing has accelerated

Simply Wall St -

Why We Think Marine Products Corporation (NYSE:MPX) Could Be Worth Looking At

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Marine Products Corporation (NYSE:MPX), it

Simply Wall St -

Marine Products Shareholders Have Enjoyed An Impressive 102% Share Price Gain

Some Marine Products Corporation (NYSE:MPX) shareholders are probably rather concerned to see the share price fall 31% over the last three months. … It's not uncommon to see a share price retrace a bit, after a big gain. … We note that the 26% yearly (average) share price gain isn't too far from the EPS growth rate?

Simply Wall St -

Is Marine Products Corporation's (NYSE:MPX) High P/E Ratio A Problem For Investors?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Marine Products Corporation's (NYSE:MPX) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats. It sells its products to a network of 168 domestic and 86 international independent authorized dealers. The company was founded in 1965 and is based in Atlanta, Georgia.

Details
Name: Marine Products Corporation
MPX
Exchange: NYSE
Founded: 1965
$568,184,130
34,125,173
Website: http://www.marineproductscorp.com
Address: Marine Products Corporation
2801 Buford Highway NE,
Suite 520,
Atlanta,
Georgia, 30329,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MPX Common Stock New York Stock Exchange US USD 28. Feb 2001
MUN 50M Common Stock Boerse Muenchen DE EUR 28. Feb 2001
Number of employees
Current staff
Staff numbers
976
Marine Products employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:40
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.