| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
HZO Stock Overview
MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States.
MarineMax Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.60 |
| 52 Week High | US$61.06 |
| 52 Week Low | US$35.60 |
| Beta | 1.6 |
| 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.
Shareholder Returns
| HZO | US Specialty Retail | US Market | |
|---|---|---|---|
| 7D | -6.4% | -8.9% | -2.7% |
| 1Y | -24.1% | -28.3% | -12.9% |
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.
Price Volatility
| HZO volatility | |
|---|---|
| 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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 2,666 | William McGill | https://www.marinemax.com |
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 | |
|---|---|
| Market Cap | US$874.19m |
| Earnings (TTM) | US$181.89m |
| Revenue (TTM) | US$2.21b |
4.8x
P/E Ratio0.4x
P/S RatioIs HZO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HZO income statement (TTM) | |
|---|---|
| Revenue | US$2.21b |
| Cost of Revenue | US$1.46b |
| Gross Profit | US$751.74m |
| Other Expenses | US$569.85m |
| Earnings | US$181.89m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 8.45 |
| Gross Margin | 33.99% |
| Net Profit Margin | 8.23% |
| Debt/Equity Ratio | 16.0% |
How did HZO perform over the long term?
See historical performance and comparisonValuation
Is MarineMax undervalued compared to its fair value and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
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).
Future Growth
How is MarineMax forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
0.8%
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%).
Past Performance
How has MarineMax performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
44.3%
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.
Financial Health
How is MarineMax's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
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).
Balance Sheet
Dividend
What is MarineMax current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
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
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
William McGill (53 yo)
4.58yrs
Tenure
US$3,971,985
Compensation
Mr. William Brett McGill is the Chief Executive Officer of MarineMax, Inc. since October 1, 2018 and has been its President since October 01, 2017 and Director since February 21, 2019. He was the Chief Ope...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($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.
Leadership Team
Experienced Management: HZO's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: HZO's board of directors are considered experienced (7.4 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MarineMax, Inc.'s employee growth, exchange listings and data sources
Key Information
- 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
Location
- MarineMax, Inc.
- 2600 McCormick Drive
- Suite 200
- Clearwater
- Florida
- 33759
- United States
Listings
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 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/09/30 |
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.