MarineMax
Market Cap
US$727.6m
Last Updated
2020/11/26 23:02 UTC
Data Sources
Company Financials +
Executive Summary
MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. More Details
Rewards
Risk Analysis
No risks detected for HZO from our risk checks.
Snowflake Analysis
Very undervalued with flawless balance sheet.
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
Stable Share Price: HZO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: HZO's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
HZO
2.8%
US Specialty Retail
2.8%
US Market
1 Year Return
105.5%
HZO
21.2%
US Specialty Retail
19.7%
US Market
Return vs Industry: HZO exceeded the US Specialty Retail industry which returned 21.2% over the past year.
Return vs Market: HZO exceeded the US Market which returned 19.7% over the past year.
Shareholder returns
| HZO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 2.8% | 2.8% |
| 30 Day | 24.9% | 6.4% | 8.0% |
| 90 Day | 14.5% | 7.5% | 6.8% |
| 1 Year | 105.5%105.5% | 22.4%21.2% | 22.4%19.7% |
| 3 Year | 57.6%57.6% | 78.8%71.2% | 47.3%37.5% |
| 5 Year | 89.4%89.4% | 80.3%66.7% | 93.6%72.3% |
Long-Term 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
1 week ago | Simply Wall St
Is MarineMax (NYSE:HZO) A Risky Investment?3 weeks ago | Simply Wall St
MarineMax, Inc. Just Beat EPS By 20%: Here's What Analysts Think Will Happen Next4 weeks ago | Simply Wall St
Analysts Just Made A Significant Upgrade To Their MarineMax, Inc. (NYSE:HZO) ForecastsValuation
Is MarineMax undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HZO ($33.64) is trading below our estimate of fair value ($120.61)
Significantly Below Fair Value: HZO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HZO is good value based on its PE Ratio (9.7x) compared to the US Specialty Retail industry average (18.7x).
PE vs Market: HZO is good value based on its PE Ratio (9.7x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: HZO is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: HZO is good value based on its PB Ratio (1.6x) compared to the US Specialty Retail industry average (2.3x).
Next Steps
Future Growth
How is MarineMax forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
10.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HZO's forecast earnings growth (10.8% per year) is above the savings rate (2.2%).
Earnings vs Market: HZO's earnings (10.8% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: HZO's earnings are forecast to grow, but not significantly.
Revenue vs Market: HZO's revenue (10.4% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: HZO's revenue (10.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HZO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has MarineMax performed over the past 5 years?
6.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HZO has high quality earnings.
Growing Profit Margin: HZO's current net profit margins (4.9%) are higher than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: HZO's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: HZO's earnings growth over the past year (107.1%) exceeds its 5-year average (6.4% per year).
Earnings vs Industry: HZO earnings growth over the past year (107.1%) exceeded the Specialty Retail industry 14.3%.
Return on Equity
High ROE: HZO's Return on Equity (16.4%) is considered low.
Next Steps
Financial Health
How is MarineMax's financial position?
Financial Position Analysis
Short Term Liabilities: HZO's short term assets ($503.3M) exceed its short term liabilities ($272.5M).
Long Term Liabilities: HZO's short term assets ($503.3M) exceed its long term liabilities ($47.4M).
Debt to Equity History and Analysis
Debt Level: HZO's debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: HZO's debt to equity ratio has reduced from 48.7% to 33.3% over the past 5 years.
Debt Coverage: HZO's debt is well covered by operating cash flow (134.8%).
Interest Coverage: HZO's interest payments on its debt are well covered by EBIT (11.5x coverage).
Balance Sheet
Next Steps
Dividend
What is MarineMax current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HZO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HZO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HZO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HZO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HZO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
William McGill (52 yo)
2.08yrs
Tenure
US$2,310,064
Compensation
Mr. William Brett McGill is the Chief Executive Officer of MarineMax, Inc. since October 1, 2018, President since October 01, 2017 and also serves as its Director since February 21, 2019. He was the Chief ...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($USD2.31M) is about average for companies of similar size in the US market ($USD2.56M).
Compensation vs Earnings: William's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 22.67yrs | US$1.62m | 1.59% $ 11.5m | |
| President | 2.08yrs | US$2.31m | 0.31% $ 2.3m | |
| Executive VP | 17yrs | US$1.19m | 0.37% $ 2.7m | |
| VP & Chief Accounting Officer | 6.08yrs | US$500.63k | 0.070% $ 509.3k | |
| Executive VP & Chief Revenue Officer | 4.08yrs | US$1.03m | 0.16% $ 1.2m | |
| Vice President of Operations | no data | no data | no data | |
| National Director of Special Projects | 2yrs | US$582.79k | no data |
4.1yrs
Average Tenure
56yo
Average Age
Experienced Management: HZO's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 22.67yrs | US$1.62m | 1.59% $ 11.5m | |
| President | 2.08yrs | US$2.31m | 0.31% $ 2.3m | |
| Executive VP | 17yrs | US$1.19m | 0.37% $ 2.7m | |
| Independent Director | 5.17yrs | US$174.75k | 0.099% $ 719.6k | |
| Independent Director | 4.5yrs | US$140.55k | 0.12% $ 890.0k | |
| Independent Director | 8.42yrs | US$104.25k | 0.15% $ 1.1m | |
| Lead Independent Director | 2.83yrs | US$219.25k | 0.092% $ 672.8k | |
| Independent Director | 15.92yrs | US$192.25k | 0.076% $ 555.1k | |
| Independent Director | 15.08yrs | US$141.77k | 0.36% $ 2.7m | |
| Independent Director | 2.5yrs | US$131.48k | 0.049% $ 359.1k |
6.8yrs
Average Tenure
72.5yo
Average Age
Experienced Board: HZO's board of directors are considered experienced (6.8 years average tenure).
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$727.571m
- Shares outstanding: 21.63m
- Website: https://www.marinemax.com
Number of Employees
Location
- MarineMax, Inc.
- 2600 McCormick Drive
- Suite 200
- Clearwater
- Florida
- 33759
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HZO | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 1998 |
| MLW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 23:02 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/09/30 |
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.