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Market Cap

US$1.1b

Last Updated

2021/04/16 22:21 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Solid track record with excellent 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 +/- 10% a week.

Volatility Over Time: HZO's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

0.02%

HZO

0.6%

US Specialty Retail

1.3%

US Market


1 Year Return

328.8%

HZO

108.7%

US Specialty Retail

53.9%

US Market

Return vs Industry: HZO exceeded the US Specialty Retail industry which returned 108.7% over the past year.

Return vs Market: HZO exceeded the US Market which returned 53.9% over the past year.


Shareholder returns

HZOIndustryMarket
7 Day0.02%0.6%1.3%
30 Day-20.3%3.0%3.3%
90 Day15.8%13.7%8.9%
1 Year328.8%328.8%109.9%108.7%56.6%53.9%
3 Year177.4%177.4%116.3%107.9%64.4%53.6%
5 Year152.2%152.2%118.6%102.1%120.4%95.7%

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

Valuation

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

11.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HZO ($49.23) is trading above our estimate of fair value ($6.08)

Significantly Below Fair Value: HZO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HZO is good value based on its PE Ratio (12x) compared to the US Specialty Retail industry average (19.3x).

PE vs Market: HZO is good value based on its PE Ratio (12x) compared to the US market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: HZO is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: HZO is good value based on its PB Ratio (2.3x) compared to the US Specialty Retail industry average (3.1x).


Future Growth

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

8.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HZO's forecast earnings growth (8.1% per year) is above the savings rate (2%).

Earnings vs Market: HZO's earnings (8.1% per year) are forecast to grow slower than the US market (18.1% per year).

High Growth Earnings: HZO's earnings are forecast to grow, but not significantly.

Revenue vs Market: HZO's revenue (5.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: HZO's revenue (5.7% 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


Past Performance

How has MarineMax performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HZO has high quality earnings.

Growing Profit Margin: HZO's current net profit margins (5.5%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: HZO's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: HZO's earnings growth over the past year (122.2%) exceeds its 5-year average (13.9% per year).

Earnings vs Industry: HZO earnings growth over the past year (122.2%) exceeded the Specialty Retail industry 31.9%.


Return on Equity

High ROE: HZO's Return on Equity (18.5%) is considered low.


Financial Health

How is MarineMax's financial position?


Financial Position Analysis

Short Term Liabilities: HZO's short term assets ($558.4M) exceed its short term liabilities ($321.2M).

Long Term Liabilities: HZO's short term assets ($558.4M) exceed its long term liabilities ($161.1M).


Debt to Equity History and Analysis

Debt Level: HZO's debt to equity ratio (44.8%) is considered high.

Reducing Debt: HZO's debt to equity ratio has reduced from 66% to 44.8% over the past 5 years.

Debt Coverage: HZO's debt is well covered by operating cash flow (143.9%).

Interest Coverage: HZO's interest payments on its debt are well covered by EBIT (17.3x coverage).


Balance Sheet


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?

4.5yrs

Average management tenure


CEO

William McGill (52 yo)

2.5yrs

Tenure

US$2,990,464

Compensation

Mr. William Brett McGill is the Chief Executive Officer of MarineMax, Inc. since October 1, 2018 and has been its President since October 01, 2017 and Director since February 21, 2019. He was the Chief Ope...


CEO Compensation Analysis

Compensation vs Market: William's total compensation ($USD2.99M) is about average for companies of similar size in the US market ($USD2.31M).

Compensation vs Earnings: William's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: HZO's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: HZO's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HZO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


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$1.068b
  • Shares outstanding: 22.14m
  • Website: https://www.marinemax.com

Number of Employees


Location

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

Listings


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, boats, and sport cruisers; mega-yachts,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 22:21
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/09/30


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.