MARINEMAX INC (HZO) Stock Fundamental Analysis
USA - NYSE:HZO - US5679081084 - Common Stock
23.62 USD
-0.15 (-0.63%)
23.62 USD
0 (0%)
Taking everything into account, HZO scores 3 out of 10 in our fundamental rating. HZO was compared to 122 industry peers in the Specialty Retail industry. There are concerns on the financial health of HZO while its profitability can be described as average. HZO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
HZO had positive earnings in the past year.
In the past year HZO had a positive cash flow from operations.
In the past 5 years HZO has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: HZO reported negative operating cash flow in multiple years.
1.2 Ratios
HZO's Return On Assets of -1.08% is in line compared to the rest of the industry. HZO outperforms 42.62% of its industry peers.
With a Return On Equity value of -2.85%, HZO perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
With a Return On Invested Capital value of 3.78%, HZO perfoms like the industry average, outperforming 50.82% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HZO is below the industry average of 11.80%.
The 3 year average ROIC (9.69%) for HZO is well above the current ROIC(3.78%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.08% | ||
| ROE | -2.85% | ||
| ROIC | 3.78% |
ROA(3y)6.87%
ROA(5y)9.12%
ROE(3y)13.71%
ROE(5y)16.71%
ROIC(3y)9.69%
ROIC(5y)12.16%
1.3 Margins
In the last couple of years the Profit Margin of HZO has declined.
With a decent Operating Margin value of 5.00%, HZO is doing good in the industry, outperforming 66.39% of the companies in the same industry.
In the last couple of years the Operating Margin of HZO has grown nicely.
Looking at the Gross Margin, with a value of 32.41%, HZO is doing worse than 60.66% of the companies in the same industry.
HZO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5% | ||
| PM (TTM) | N/A | ||
| GM | 32.41% |
OM growth 3Y-19.61%
OM growth 5Y1.53%
PM growth 3Y-40.71%
PM growth 5Y-11.66%
GM growth 3Y1.03%
GM growth 5Y4.78%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HZO is still creating some value.
HZO has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, HZO has more shares outstanding
Compared to 1 year ago, HZO has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.80, we must say that HZO is in the distress zone and has some risk of bankruptcy.
HZO has a Altman-Z score of 1.80. This is comparable to the rest of the industry: HZO outperforms 44.26% of its industry peers.
A Debt/Equity ratio of 1.17 is on the high side and indicates that HZO has dependencies on debt financing.
The Debt to Equity ratio of HZO (1.17) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.8 |
ROIC/WACC0.42
WACC8.94%
2.3 Liquidity
A Current Ratio of 1.21 indicates that HZO should not have too much problems paying its short term obligations.
The Current ratio of HZO (1.21) is worse than 60.66% of its industry peers.
HZO has a Quick Ratio of 1.21. This is a bad value and indicates that HZO is not financially healthy enough and could expect problems in meeting its short term obligations.
HZO has a worse Quick ratio (0.29) than 78.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
HZO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -56.03%.
HZO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.01% yearly.
HZO shows a decrease in Revenue. In the last year, the revenue decreased by -5.78%.
The Revenue has been growing by 14.46% on average over the past years. This is quite good.
EPS 1Y (TTM)-56.03%
EPS 3Y-32.09%
EPS 5Y5.01%
EPS Q2Q%-67.55%
Revenue 1Y (TTM)-5.78%
Revenue growth 3Y5.62%
Revenue growth 5Y14.46%
Sales Q2Q%-13.27%
3.2 Future
HZO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.17% yearly.
HZO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.34% yearly.
EPS Next Y-63.32%
EPS Next 2Y-5.12%
EPS Next 3Y9.17%
EPS Next 5YN/A
Revenue Next Year-6.66%
Revenue Next 2Y-1.55%
Revenue Next 3Y0.34%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
HZO is valuated rather expensively with a Price/Earnings ratio of 20.90.
Compared to the rest of the industry, the Price/Earnings ratio of HZO indicates a somewhat cheap valuation: HZO is cheaper than 68.85% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of HZO to the average of the S&P500 Index (26.28), we can say HZO is valued slightly cheaper.
With a Price/Forward Earnings ratio of 12.38, HZO is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HZO indicates a somewhat cheap valuation: HZO is cheaper than 72.13% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 33.61, HZO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.9 | ||
| Fwd PE | 12.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HZO is valued cheaply inside the industry as 91.80% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.62 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.17
EPS Next 2Y-5.12%
EPS Next 3Y9.17%
5. Dividend
5.1 Amount
HZO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
23.62
-0.15 (-0.63%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners94.73%
Inst Owner Change2.6%
Ins Owners2.55%
Ins Owner Change7.62%
Market Cap506.89M
Revenue(TTM)2.32B
Net Income(TTM)-26.78M
Analysts81.54
Price Target34.1 (44.37%)
Short Float %19.43%
Short Ratio10.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)12.16%
Min EPS beat(2)-59.12%
Max EPS beat(2)83.44%
EPS beat(4)2
Avg EPS beat(4)48.21%
Min EPS beat(4)-59.12%
Max EPS beat(4)189.48%
EPS beat(8)3
Avg EPS beat(8)6.98%
EPS beat(12)5
Avg EPS beat(12)4.55%
EPS beat(16)9
Avg EPS beat(16)9.43%
Revenue beat(2)1
Avg Revenue beat(2)-2.21%
Min Revenue beat(2)-12.47%
Max Revenue beat(2)8.06%
Revenue beat(4)1
Avg Revenue beat(4)-3.31%
Min Revenue beat(4)-12.47%
Max Revenue beat(4)8.06%
Revenue beat(8)4
Avg Revenue beat(8)-0.15%
Revenue beat(12)6
Avg Revenue beat(12)-0.01%
Revenue beat(16)8
Avg Revenue beat(16)-0.32%
PT rev (1m)-2.16%
PT rev (3m)-0.71%
EPS NQ rev (1m)2.53%
EPS NQ rev (3m)-0.86%
EPS NY rev (1m)0%
EPS NY rev (3m)-59.25%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.9 | ||
| Fwd PE | 12.38 | ||
| P/S | 0.22 | ||
| P/FCF | N/A | ||
| P/OCF | 47.95 | ||
| P/B | 0.54 | ||
| P/tB | 1.35 | ||
| EV/EBITDA | 4.62 |
EPS(TTM)1.13
EY4.78%
EPS(NY)1.91
Fwd EY8.08%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.49
OCFY2.09%
SpS108.12
BVpS43.83
TBVpS17.55
PEG (NY)N/A
PEG (5Y)4.17
Graham Number33.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.08% | ||
| ROE | -2.85% | ||
| ROCE | 7.75% | ||
| ROIC | 3.78% | ||
| ROICexc | 4.06% | ||
| ROICexgc | 5.57% | ||
| OM | 5% | ||
| PM (TTM) | N/A | ||
| GM | 32.41% | ||
| FCFM | N/A |
ROA(3y)6.87%
ROA(5y)9.12%
ROE(3y)13.71%
ROE(5y)16.71%
ROIC(3y)9.69%
ROIC(5y)12.16%
ROICexc(3y)11.72%
ROICexc(5y)15.7%
ROICexgc(3y)16.73%
ROICexgc(5y)22.44%
ROCE(3y)16.44%
ROCE(5y)19.71%
ROICexgc growth 3Y-46.03%
ROICexgc growth 5Y-2.42%
ROICexc growth 3Y-44.7%
ROICexc growth 5Y-7.52%
OM growth 3Y-19.61%
OM growth 5Y1.53%
PM growth 3Y-40.71%
PM growth 5Y-11.66%
GM growth 3Y1.03%
GM growth 5Y4.78%
F-Score4
Asset Turnover0.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.72 | ||
| Cap/Depr | 134.26% | ||
| Cap/Sales | 2.77% | ||
| Interest Coverage | 1.5 | ||
| Cash Conversion | 6.45% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | 1.8 |
F-Score4
WACC8.94%
ROIC/WACC0.42
Cap/Depr(3y)198.93%
Cap/Depr(5y)172.82%
Cap/Sales(3y)2.58%
Cap/Sales(5y)1.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-56.03%
EPS 3Y-32.09%
EPS 5Y5.01%
EPS Q2Q%-67.55%
EPS Next Y-63.32%
EPS Next 2Y-5.12%
EPS Next 3Y9.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.78%
Revenue growth 3Y5.62%
Revenue growth 5Y14.46%
Sales Q2Q%-13.27%
Revenue Next Year-6.66%
Revenue Next 2Y-1.55%
Revenue Next 3Y0.34%
Revenue Next 5YN/A
EBIT growth 1Y-14.52%
EBIT growth 3Y-15.1%
EBIT growth 5Y16.21%
EBIT Next Year-13.84%
EBIT Next 3Y9.34%
EBIT Next 5YN/A
FCF growth 1Y82.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y104.35%
OCF growth 3YN/A
OCF growth 5YN/A
MARINEMAX INC / HZO FAQ
Can you provide the ChartMill fundamental rating for MARINEMAX INC?
ChartMill assigns a fundamental rating of 3 / 10 to HZO.
Can you provide the valuation status for MARINEMAX INC?
ChartMill assigns a valuation rating of 4 / 10 to MARINEMAX INC (HZO). This can be considered as Fairly Valued.
Can you provide the profitability details for MARINEMAX INC?
MARINEMAX INC (HZO) has a profitability rating of 4 / 10.
What is the expected EPS growth for MARINEMAX INC (HZO) stock?
The Earnings per Share (EPS) of MARINEMAX INC (HZO) is expected to decline by -63.32% in the next year.