NYSE:HZO

Stock Analysis Report

Executive Summary

MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States.

Snowflake

Fundamentals

Solid track record and good value.


Similar Companies

Share Price & News

How has MarineMax's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

NYSE:HZO

5.5%

US Specialty Retail

2.9%

US Market


1 Year Return

-31.7%

NYSE:HZO

-5.6%

US Specialty Retail

0.2%

US Market

HZO underperformed the Specialty Retail industry which returned -8.2% over the past year.

HZO underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

HZOIndustryMarket
7 Day1.2%5.5%2.9%
30 Day4.1%-1.3%-2.3%
90 Day-12.3%3.4%3.1%
1 Year-31.7%-31.7%-4.0%-5.6%2.4%0.2%
3 Year-26.2%-26.2%24.3%18.0%41.7%32.4%
5 Year-18.2%-18.2%47.0%33.8%55.1%37.9%

Price Volatility Vs. Market

How volatile is MarineMax's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

7.95x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

MarineMax's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

MarineMax's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

MarineMax is good value based on earnings compared to the US Specialty Retail industry average.

MarineMax is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

MarineMax is good value based on expected growth next year.


Price Based on Value of Assets

MarineMax is good value based on assets compared to the US Specialty Retail industry average.


Next Steps

Future Growth

How is MarineMax expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

MarineMax's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

MarineMax's earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).

MarineMax's revenue growth is positive but not above the United States of America market average.

MarineMax's earnings growth is expected to exceed the United States of America market average.

MarineMax's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if MarineMax will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has MarineMax performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MarineMax's year on year earnings growth rate has been positive over the past 5 years.

MarineMax's 1-year earnings growth exceeds its 5-year average (28.9% vs 11%)

MarineMax's earnings growth has exceeded the US Specialty Retail industry average in the past year (28.9% vs 10.5%).


Return on Equity

MarineMax has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

MarineMax used its assets more efficiently than the US Specialty Retail industry average last year based on Return on Assets.


Return on Capital Employed

MarineMax has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is MarineMax's financial position?


Financial Position Analysis

MarineMax is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

MarineMax's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

MarineMax's level of debt (78.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (56% vs 78.4% today).

Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate MarineMax's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate MarineMax's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as MarineMax has not reported any payouts.

Unable to verify if MarineMax's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as MarineMax has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of MarineMax's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

William McGill (51yo)

0.8yrs

Tenure

US$1,387,091

Compensation

MMr. William Brett McGill is the Chief Executive Officer at MarineMax, Inc. since October 1, 2018 and is the President of MarineMax, Inc. since October 01, 2017. He was the Chief Operating Officer of Marin ...


CEO Compensation Analysis

William's remuneration is about average for companies of similar size in United States of America.

William's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

55yo

Average Age

The average tenure for the MarineMax management team is less than 2 years, this suggests a new team.


Board Age and Tenure

5.9yrs

Average Tenure

72yo

Average Age

The tenure for the MarineMax board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • William McGill (75yo)

    Executive Chairman

    • Tenure: 21.4yrs
    • Compensation: US$3.18m
  • Michael McLamb (54yo)

    Executive VP

    • Tenure: 15.8yrs
    • Compensation: US$1.08m
  • Michael Aiello (63yo)

    National Director of Special Projects

    • Tenure: 0.8yrs
    • Compensation: US$582.79k
  • William McGill (51yo)

    President & CEO

    • Tenure: 0.8yrs
    • Compensation: US$1.39m
  • Chuck Cashman (56yo)

    Executive VP & Chief Revenue Officer

    • Tenure: 2.8yrs
    • Compensation: US$986.79k
  • Anthony Cassella (50yo)

    VP & Chief Accounting Officer

    • Tenure: 4.8yrs
    • Compensation: US$479.81k
  • Kyle Langbehn

    Vice President of Operations

    • Tenure: 0.0yrs

Board Members

  • Evelyn Follit (72yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: US$162.50k
  • William McGill (75yo)

    Executive Chairman

    • Tenure: 21.4yrs
    • Compensation: US$3.18m
  • Michael McLamb (54yo)

    Executive VP

    • Tenure: 15.8yrs
    • Compensation: US$1.08m
  • Dean Woodman (90yo)

    Director Emeritus

    • Tenure: 3.5yrs
    • Compensation: US$127.04k
  • George Borst (71yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$109.83k
  • Charles Oglesby (72yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: US$102.00k
  • Clint Moore (71yo)

    Director

    • Tenure: 4.7yrs
    • Compensation: US$187.00k
  • Hilliard Eure (82yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$190.00k
  • Joe Watters (77yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$134.55k
  • Rebecca White (61yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$11.61k

Company Information

MarineMax, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MarineMax, Inc.
  • Ticker: HZO
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: US$393.032m
  • Shares outstanding: 27.35m
  • Website: https://www.marinemax.com

Number of Employees


Location

  • MarineMax, Inc.
  • 2600 McCormick Drive
  • Suite 200
  • Clearwater
  • Florida
  • 33759
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HZONYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1998
MLWDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1998

Biography

MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sp ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:38
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.