Marine Products Corp

  • Earnings Score
  • Moat Score
  • Market Cap $281.14M
  • PE 20
  • Debt -
  • Cash $57.10M
  • EV -
  • FCF $20.57M

Earnings

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Sales & Net Margins

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Earnings$14.34M
EBIT$18.10M
ROE11%
ROA10%
FCF$20.57M
Equity$126.40M
Growth Stability46%
PE19.61
PEG5.42
PB2.22
P/FCF13.67
P/S1.24
Price/Cash0.2
Net Margins4%
Gross Margins19%
Op. Margins8%
Earnings CAGR6%
Sales Growth YoY-15%
Sales Growth QoQ23%
Sales CAGR3%
FCF CAGR7%
Equity CAGR7%
Earnings Stability0.2
Earnings Growth YoY-54%
Earnings Growth QoQ-50%
Earnings CAGR 5Y4%
Sales CAGR 5Y4%
FCF CAGR 5Y5%
Equity CAGR 5Y14%
Earnings CAGR 3Y-17%
Sales CAGR 3Y-17%
FCF CAGR 3Y-3%
Equity CAGR 3Y4%
Market Cap$281.14M
Revenue$226.22M
Dividend Yield16%
Payout Ratio305%
Assets$182.88M
Cash$57.10M
Shares Outstanding34.24M
Earnings Score9%
Moat Score85%
Working Capital89.07M
Current Ratio3.66
Gross Profit$42.47M
Shares Growth 3y1%
Equity Growth QoQ-2%
Equity Growth YoY-17%

Assets & ROA

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Stockholders Equity & ROE

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Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.

SEC Filings

Direct access to Marine Products Corp (MPX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Marine Products Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Marine Products Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 6%
Stability 20%
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Marine Products Corp Discounted Cash Flow

Fully customizable DCF calculator online for Marine Products Corp.

= $343M
012345678910TV
fcf$21M$22M$24M$26M$27M$29M$32M$34M$36M$39M$42M$421M
DCF$20M$20M$19M$19M$18M$18M$17M$17M$17M$16M$162M
Value$343M

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins7%7%7%9%9%8%10%10%11%7%4%
ROA-26%31%35%33%20%27%32%27%12%10%
ROE-25%27%37%36%23%29%32%27%13%11%

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-----------
Debt over Equity-----------
Growth Stability---100%100%77%100%100%100%46%46%

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-17%11%12%-2%-18%24%28%1%-38%4%
Earnings YoY growth-17%15%48%-1%-31%50%39%3%-59%4%
Equity YoY growth--27%6%8%3%9%17%26%22%-15%14%
FCF YoY growth-14%96%-24%53%-12%-103%-6K%-0%-47%5%