MARINEMAX INC (HZO) Stock Fundamental Analysis
USA - NYSE:HZO - US5679081084 - Common Stock
25.52 USD
-0.45 (-1.73%)
25.52 USD
0 (0%)
Taking everything into account, HZO scores 3 out of 10 in our fundamental rating. HZO was compared to 120 industry peers in the Specialty Retail industry. While HZO is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, HZO is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year HZO was profitable.
In the past year HZO had a positive cash flow from operations.
In the past 5 years HZO has always been profitable.
In multiple years HZO reported negative operating cash flow during the last 5 years.
1.2 Ratios
HZO has a Return On Assets (-1.08%) which is in line with its industry peers.
HZO's Return On Equity of -2.85% is in line compared to the rest of the industry. HZO outperforms 47.50% of its industry peers.
The Return On Invested Capital of HZO (3.78%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for HZO is below the industry average of 12.17%.
The last Return On Invested Capital (3.78%) for HZO is well below the 3 year average (9.69%), which needs to be investigated, but indicates that HZO had better years and this may not be a problem.
| 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
HZO's Profit Margin has declined in the last couple of years.
HZO has a better Operating Margin (5.00%) than 66.67% of its industry peers.
In the last couple of years the Operating Margin of HZO has grown nicely.
HZO has a Gross Margin of 32.41%. This is in the lower half of the industry: HZO underperforms 61.67% of its industry peers.
In the last couple of years the Gross Margin of HZO has grown nicely.
| 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
HZO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
HZO has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, HZO has more shares outstanding
The debt/assets ratio for HZO is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.82 indicates that HZO is not a great score, but indicates only limited risk for bankruptcy at the moment.
HZO has a Altman-Z score (1.82) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.17 is on the high side and indicates that HZO has dependencies on debt financing.
HZO has a Debt to Equity ratio of 1.17. This is in the lower half of the industry: HZO underperforms 61.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.82 |
ROIC/WACC0.42
WACC9.08%
2.3 Liquidity
A Current Ratio of 1.21 indicates that HZO should not have too much problems paying its short term obligations.
HZO has a Current ratio of 1.21. This is in the lower half of the industry: HZO underperforms 60.83% of its industry peers.
A Quick Ratio of 0.29 indicates that HZO may have some problems paying its short term obligations.
HZO's Quick ratio of 0.29 is on the low side compared to the rest of the industry. HZO is outperformed by 77.50% 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%.
The Earnings Per Share has been growing slightly by 5.01% on average over the past years.
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
The Earnings Per Share is expected to grow by 9.17% on average over the next years. This is quite good.
Based on estimates for the next years, HZO will show a small growth in Revenue. The Revenue will grow by 0.34% on average per year.
EPS Next Y-63.32%
EPS Next 2Y-6%
EPS Next 3Y9.17%
EPS Next 5YN/A
Revenue Next Year-6.7%
Revenue Next 2Y-1.57%
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.
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
With a Price/Earnings ratio of 22.58, HZO is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of HZO indicates a somewhat cheap valuation: HZO is cheaper than 68.33% of the companies listed in the same industry.
HZO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.62, which indicates a correct valuation of HZO.
68.33% of the companies in the same industry are more expensive than HZO, based on the Price/Forward Earnings ratio.
HZO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.58 | ||
| Fwd PE | 13.62 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HZO indicates a rather cheap valuation: HZO is cheaper than 89.17% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.93 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.5
EPS Next 2Y-6%
EPS Next 3Y9.17%
5. Dividend
5.1 Amount
HZO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
25.52
-0.45 (-1.73%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners94.73%
Inst Owner Change-0.02%
Ins Owners2.55%
Ins Owner Change7.49%
Market Cap547.66M
Analysts81.67
Price Target34.85 (36.56%)
Short Float %16.98%
Short Ratio8.21
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)1.49%
PT rev (3m)0.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-140.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-59.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.58 | ||
| Fwd PE | 13.62 | ||
| P/S | 0.24 | ||
| P/FCF | N/A | ||
| P/OCF | 51.8 | ||
| P/B | 0.58 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 4.93 |
EPS(TTM)1.13
EY4.43%
EPS(NY)1.87
Fwd EY7.34%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.49
OCFY1.93%
SpS108.12
BVpS43.83
TBVpS17.55
PEG (NY)N/A
PEG (5Y)4.5
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%
ROICexcg growth 3Y-46.03%
ROICexcg 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 | 1.82 |
F-Score4
WACC9.08%
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-6%
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-6.7%
Revenue Next 2Y-1.57%
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