HZO Stock Overview
MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$40.60|
|52 Week High||US$61.06|
|52 Week Low||US$35.60|
|1 Month Change||5.26%|
|3 Month Change||-12.97%|
|1 Year Change||-24.06%|
|3 Year Change||152.49%|
|5 Year Change||124.93%|
|Change since IPO||223.17%|
Recent News & Updates
Investors Should Be Encouraged By MarineMax's (NYSE:HZO) Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
MarineMax: Providing An Update As Inflationary Forces Hinder Valuation
Since my last publication, MarineMax is down ~23%, yet the company continues to repurchase stock, and tailwinds remain in the boating industry. While I continue to remain optimistic about the company's top-line revenue outlook, inflationary pressures have only gained steam since my last publication. Management cited on their Q1-22 earnings call that margins could take a hit if inflation got worse, and that time is here. After modeling in slight compression in margins, my DCF calculated valuation of the stock is $58.22, showing the stock is 60% undervalued.
|HZO||US Specialty Retail||US Market|
Return vs Industry: HZO exceeded the US Specialty Retail industry which returned -28.3% over the past year.
Return vs Market: HZO underperformed the US Market which returned -12.9% over the past year.
|HZO Average Weekly Movement||7.5%|
|Specialty Retail Industry Average Movement||8.7%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: HZO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: HZO's weekly volatility (7%) has been stable over the past year.
About the Company
MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, pontoon boats, ski boats, jet boats, and other recreational boats.
MarineMax Fundamentals Summary
|HZO fundamental statistics|
Is HZO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HZO income statement (TTM)|
|Cost of Revenue||US$1.46b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||8.45|
|Net Profit Margin||8.23%|
How did HZO perform over the long term?See historical performance and comparison
Is MarineMax undervalued compared to its fair value and its price relative to the market?
Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HZO ($40.6) is trading below our estimate of fair value ($112.89)
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 (4.8x) compared to the US Specialty Retail industry average (6.3x).
PE vs Market: HZO is good value based on its PE Ratio (4.8x) compared to the US market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: HZO is poor value based on its PEG Ratio (5.7x)
Price to Book Ratio
PB vs Industry: HZO is good value based on its PB Ratio (1.3x) compared to the US Specialty Retail industry average (1.7x).
How is MarineMax forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HZO's forecast earnings growth (0.8% per year) is below the savings rate (1.9%).
Earnings vs Market: HZO's earnings (0.8% per year) are forecast to grow slower than the US market (12.5% per year).
High Growth Earnings: HZO's earnings are forecast to grow, but not significantly.
Revenue vs Market: HZO's revenue (5.1% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: HZO's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HZO's Return on Equity is forecast to be low in 3 years time (13.5%).
How has MarineMax performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HZO has high quality earnings.
Growing Profit Margin: HZO's current net profit margins (8.2%) are higher than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: HZO's earnings have grown significantly by 44.3% per year over the past 5 years.
Accelerating Growth: HZO's earnings growth over the past year (47.8%) exceeds its 5-year average (44.3% per year).
Earnings vs Industry: HZO earnings growth over the past year (47.8%) underperformed the Specialty Retail industry 75.3%.
Return on Equity
High ROE: HZO's Return on Equity (27%) is considered high.
How is MarineMax's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HZO's short term assets ($629.0M) exceed its short term liabilities ($369.9M).
Long Term Liabilities: HZO's short term assets ($629.0M) exceed its long term liabilities ($161.6M).
Debt to Equity History and Analysis
Debt Level: HZO has more cash than its total debt.
Reducing Debt: HZO's debt to equity ratio has reduced from 82.8% to 16% over the past 5 years.
Debt Coverage: HZO's debt is well covered by operating cash flow (292.4%).
Interest Coverage: HZO's interest payments on its debt are well covered by EBIT (94.5x coverage).
What is MarineMax current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HZO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HZO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HZO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HZO's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as HZO has not reported any payouts.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
William McGill (53 yo)
Mr. William Brett McGill is the Chief Executive Officer of MarineMax, Inc. since October 1, 2018 and has been its President since October 01, 2017 and Director since February 21, 2019. He was the Chief Ope...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($USD3.97M) is about average for companies of similar size in the US market ($USD3.94M).
Compensation vs Earnings: William's compensation has increased by more than 20% in the past year.
Experienced Management: HZO's management team is considered experienced (3.5 years average tenure).
Experienced Board: HZO's board of directors are considered experienced (7.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MarineMax, Inc.'s employee growth, exchange listings and data sources
- Name: MarineMax, Inc.
- Ticker: HZO
- Exchange: NYSE
- Founded: 1998
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: US$874.186m
- Shares outstanding: 21.53m
- Website: https://www.marinemax.com
Number of Employees
- MarineMax, Inc.
- 2600 McCormick Drive
- Suite 200
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 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.