MARINEMAX INC (HZO)
US5679081084 - Common Stock
HZO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 126 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year HZO was profitable.
In the past year HZO has reported a negative cash flow from operations.
HZO had positive earnings in each of the past 5 years.
In multiple years HZO reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of 2.36%, HZO perfoms like the industry average, outperforming 57.94% of the companies in the same industry.
HZO's Return On Equity of 6.66% is fine compared to the rest of the industry. HZO outperforms 61.11% of its industry peers.
With a Return On Invested Capital value of 4.82%, HZO perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HZO is in line with the industry average of 13.62%.
The last Return On Invested Capital (4.82%) for HZO is well below the 3 year average (15.26%), which needs to be investigated, but indicates that HZO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.36% | ||
| ROE | 6.66% | ||
| ROIC | 4.82% |
ROA(3y)11.51%
ROA(5y)9.75%
ROE(3y)21.09%
ROE(5y)17.89%
ROIC(3y)15.26%
ROIC(5y)12.99%
1.3 Margins
HZO has a better Profit Margin (2.56%) than 61.11% of its industry peers.
HZO's Profit Margin has improved in the last couple of years.
HZO's Operating Margin of 6.15% is fine compared to the rest of the industry. HZO outperforms 69.05% of its industry peers.
HZO's Operating Margin has improved in the last couple of years.
The Gross Margin of HZO (33.52%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of HZO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.15% | ||
| PM (TTM) | 2.56% | ||
| GM | 33.52% |
OM growth 3Y5.31%
OM growth 5Y9.33%
PM growth 3Y-2.62%
PM growth 5Y6.45%
GM growth 3Y9.72%
GM growth 5Y6.61%
2. Health
2.1 Basic Checks
HZO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, HZO has more shares outstanding
Compared to 5 years ago, HZO has less shares outstanding
The debt/assets ratio for HZO is higher compared to a year ago.
2.2 Solvency
HZO has an Altman-Z score of 1.83. This is not the best score and indicates that HZO is in the grey zone with still only limited risk for bankruptcy at the moment.
HZO has a worse Altman-Z score (1.83) than 65.08% of its industry peers.
A Debt/Equity ratio of 1.19 is on the high side and indicates that HZO has dependencies on debt financing.
With a Debt to Equity ratio value of 1.19, HZO is not doing good in the industry: 61.11% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.83 |
ROIC/WACC0.51
WACC9.48%
2.3 Liquidity
A Current Ratio of 1.24 indicates that HZO should not have too much problems paying its short term obligations.
HZO has a Current ratio of 1.24. This is comparable to the rest of the industry: HZO outperforms 40.48% of its industry peers.
HZO has a Quick Ratio of 1.24. 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's Quick ratio of 0.34 is on the low side compared to the rest of the industry. HZO is outperformed by 69.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 0.34 |
3. Growth
3.1 Past
The earnings per share for HZO have decreased strongly by -57.53% in the last year.
The Earnings Per Share has been growing by 24.20% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 5.34% in the past year.
The Revenue has been growing by 15.26% on average over the past years. This is quite good.
EPS 1Y (TTM)-57.53%
EPS 3Y15.32%
EPS 5Y24.2%
EPS growth Q2Q-85.37%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y16.62%
Revenue growth 5Y15.26%
Revenue growth Q2Q2.2%
3.2 Future
HZO is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.89% yearly.
HZO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.59% yearly.
EPS Next Y-34.8%
EPS Next 2Y-11.02%
EPS Next 3Y-1.89%
EPS Next 5YN/A
Revenue Next Year5.33%
Revenue Next 2Y4.67%
Revenue Next 3Y4.59%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.02, the valuation of HZO can be described as reasonable.
Based on the Price/Earnings ratio, HZO is valued cheaply inside the industry as 92.06% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.15. HZO is valued rather cheaply when compared to this.
HZO is valuated cheaply with a Price/Forward Earnings ratio of 6.82.
Based on the Price/Forward Earnings ratio, HZO is valued cheaper than 96.83% of the companies in the same industry.
HZO is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 6.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HZO is valued cheaper than 94.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.09 |
4.3 Compensation for Growth
The decent profitability rating of HZO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.37
EPS Next 2Y-11.02%
EPS Next 3Y-1.89%
5. Dividend
5.1 Amount
HZO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MARINEMAX INC
NYSE:HZO (5/17/2024, 7:05:01 PM)
After market: 28.24 0 (0%)28.24
+1.08 (+3.98%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap629.75M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
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Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 6.82 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.36% | ||
| ROE | 6.66% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.15% | ||
| PM (TTM) | 2.56% | ||
| GM | 33.52% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.24 | ||
| Quick Ratio | 0.34 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-57.53%
EPS 3Y15.32%
EPS 5Y
EPS growth Q2Q
EPS Next Y-34.8%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.34%
Revenue growth 3Y16.62%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y