Malibu Boats, Inc.

Industrials
Marine Transportation
www.malibuboats.com

Earnings Score
Moat Score
Safety Score

Market Cap $601.40M
PE -64
Debt $28.00M
Cash $38.71M
EV $590.68M
FCF $18.99M

Earnings

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Sales & Net Margins

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Earnings	-$9.39M
EBIT	-$9.45M
ROE	-2%
ROA	-1%
FCF	$18.99M
Equity	$517.94M
Growth Stability	-46%
PE	-64.03
PEG	-23.56
PB	1.16
P/FCF	31.68
P/S	0.79
Price/Cash	0.06
Debt/Equity	0.05
Debt/FCF	1.47
Net Margins	2%
Gross Margins	16%
Op. Margins	-1%
Earnings CAGR	10%
Sales Growth YoY	12%
Sales Growth QoQ	14%
Sales CAGR	18%
FCF CAGR	6%
Equity CAGR	46%
Earnings Stability	0.26
Earnings Growth YoY	-119%
Earnings Growth QoQ	434%

Earnings CAGR 5Y	3%
Sales CAGR 5Y	4%
FCF CAGR 5Y	-20%
Equity CAGR 5Y	16%
Earnings CAGR 3Y	-22%
Sales CAGR 3Y	-22%
FCF CAGR 3Y	-48%
Equity CAGR 3Y	-3%
Market Cap	$601.40M
Revenue	$759.23M
Assets	$758.77M
Total Debt	$28.00M
Cash	$38.71M
Shares Outstanding	19.56M
EV	590.68M
Earnings Score	13%
Moat Score	25%
Safety Score	65%
Final Score	34%
Working Capital	89.56M
Current Ratio	1.6
Gross Profit	$123.84M
Shares Growth 3y	1%
Equity Growth QoQ	1%
Equity Growth YoY	-8%

Assets & ROA

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Stockholders Equity & ROE

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Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats, in 2017 number-one market share position in the U.S. in the 24-foot to 29-foot segment), and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines for its performance sport boats. Malibu's target market includes a wide range of water enthusiasts who embrace active lifestyles.

SEC Filings

Direct access to Malibu Boats, Inc. (MBUU) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-Q Dec 31
- 10-Q Sep 30
- 10-K Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-K Jun 30
- 10-Q Mar 31

Sector Comparison

How does Malibu Boats, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Malibu Boats, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%

Stability 26%

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Malibu Boats, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Malibu Boats, Inc..

Years

Calculation mode

= $284M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$19M	$20M	$21M	$23M	$24M	$25M	$27M	$28M	$30M	$32M	$33M	$335M
DCF		$18M	$18M	$17M	$16M	$16M	$15M	$14M	$14M	$13M	$13M	$129M
Value	$284M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	TTM
Net Margins	6%	7%	10%	6%	10%	9%	12%	13%	8%	-7%	2%
ROA	-	16%	22%	24%	22%	18%	20%	25%	16%	-8%	-1%
ROE	-	99%	54%	20%	31%	24%	29%	31%	17%	-11%	-2%

Bad Net Margins (1.7%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	TTM
Debt over FCF	-	2.72	2.07	2.29	1.79	1.57	1.47	1.1	0	-0	1.47
Debt over Equity	-7.54	4.39	1.05	0.79	0.54	0.32	0.39	0.24	0	0	0.05
Growth Stability	-	-	-	100%	100%	100%	100%	100%	95%	-46%	-46%

Good Debt/FCF ratio (1.47)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.05)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-46%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	CAGR 5Y
Revenue YoY growth	-	11%	11%	76%	38%	-5%	42%	31%	14%	-40%	4%
Earnings YoY growth	-	23%	57%	-3%	139%	-7%	78%	44%	-34%	-154%	3%
Equity YoY growth	-	-262%	186%	168%	50%	24%	46%	35%	20%	-13%	16%
FCF YoY growth	-	309%	-10%	81%	32%	-17%	90%	9%	18%	-116%	-20%