MARINEMAX INC (HZO) Stock Fundamental Analysis
USA - NYSE:HZO - US5679081084 - Common Stock
25.76 USD
-0.24 (-0.92%)
25.76 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. HZO has a medium profitability rating, but doesn't score so well on its financial health evaluation. HZO is quite expensive at the moment. It does show a decent 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.
Each year in the past 5 years HZO has 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 comparable to the rest of the industry.
With a Return On Equity value of -2.85%, HZO perfoms like the industry average, outperforming 46.72% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.78%, HZO is in line with its industry, outperforming 53.28% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HZO is below the industry average of 12.02%.
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.
Looking at the Operating Margin, with a value of 5.00%, HZO is in the better half of the industry, outperforming 68.03% of the companies in the same industry.
In the last couple of years the Operating Margin of HZO has grown nicely.
With a Gross Margin value of 32.41%, HZO is not doing good in the industry: 60.66% of the companies in the same industry are doing better.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HZO is creating some value.
Compared to 1 year ago, HZO has more shares outstanding
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.
The Altman-Z score of HZO (1.82) 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.
Looking at the Debt to Equity ratio, with a value of 1.17, HZO is doing worse than 62.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.82 |
ROIC/WACC0.41
WACC9.15%
2.3 Liquidity
HZO has a Current Ratio of 1.21. This is a normal value and indicates that HZO is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of HZO (1.21) is worse than 61.48% of its industry peers.
A Quick Ratio of 0.29 indicates that HZO may have some problems paying its short term obligations.
The Quick ratio of HZO (0.29) is worse than 77.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The earnings per share for HZO have decreased strongly by -56.03% in the last year.
Measured over the past 5 years, HZO shows a small growth in Earnings Per Share. The EPS has been growing by 5.01% on average per year.
Looking at the last year, HZO shows a decrease in Revenue. The Revenue has decreased by -5.78% in the last year.
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-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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
HZO is valuated rather expensively with a Price/Earnings ratio of 22.80.
Based on the Price/Earnings ratio, HZO is valued a bit cheaper than 68.85% of the companies in the same industry.
HZO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.06.
With a Price/Forward Earnings ratio of 13.75, HZO is valued correctly.
Based on the Price/Forward Earnings ratio, HZO is valued a bit cheaper than the industry average as 72.95% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of HZO to the average of the S&P500 Index (22.64), we can say HZO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.8 | ||
| Fwd PE | 13.75 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HZO is valued cheaply inside the industry as 90.16% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.93 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.55
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 |
25.76
-0.24 (-0.92%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners95.79%
Inst Owner Change-0.78%
Ins Owners3.04%
Ins Owner Change-5.71%
Market Cap552.81M
Analysts81.67
Price Target34.34 (33.31%)
Short Float %18.15%
Short Ratio10.19
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)0%
PT rev (3m)-0.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-142.75%
EPS NY rev (1m)0%
EPS NY rev (3m)-59.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.8 | ||
| Fwd PE | 13.75 | ||
| P/S | 0.24 | ||
| P/FCF | N/A | ||
| P/OCF | 52.29 | ||
| P/B | 0.59 | ||
| P/tB | 1.47 | ||
| EV/EBITDA | 4.93 |
EPS(TTM)1.13
EY4.39%
EPS(NY)1.87
Fwd EY7.27%
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)0.49
OCFY1.91%
SpS108.12
BVpS43.83
TBVpS17.55
PEG (NY)N/A
PEG (5Y)4.55
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
WACC9.15%
ROIC/WACC0.41
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