MARINE PRODUCTS CORP (MPX) Stock Fundamental Analysis
NYSE:MPX - New York Stock Exchange, Inc. - US5684271084 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to MPX. MPX was compared to 30 industry peers in the Leisure Products industry. Both the health and profitability get an excellent rating, making MPX a very profitable company, without any liquidiy or solvency issues. MPX has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year MPX was profitable.
In the past year MPX had a positive cash flow from operations.
MPX had positive earnings in each of the past 5 years.
In the past 5 years MPX always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 7.84%, MPX belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.35%, MPX belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
MPX has a Return On Invested Capital of 8.53%. This is in the better half of the industry: MPX outperforms 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPX is significantly above the industry average of 8.16%.
The last Return On Invested Capital (8.53%) for MPX is well below the 3 year average (20.95%), which needs to be investigated, but indicates that MPX had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.84% | ||
| ROE | 11.35% | ||
| ROIC | 8.53% |
ROA(3y)18.3%
ROA(5y)18.46%
ROE(3y)23.86%
ROE(5y)24.6%
ROIC(3y)20.95%
ROIC(5y)21.9%
1.3 Margins
MPX has a Profit Margin of 6.34%. This is amongst the best in the industry. MPX outperforms 83.33% of its industry peers.
MPX's Profit Margin has declined in the last couple of years.
MPX has a Operating Margin of 6.85%. This is in the better half of the industry: MPX outperforms 73.33% of its industry peers.
In the last couple of years the Operating Margin of MPX has declined.
MPX's Gross Margin of 18.77% is on the low side compared to the rest of the industry. MPX is outperformed by 80.00% of its industry peers.
MPX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.85% | ||
| PM (TTM) | 6.34% | ||
| GM | 18.77% |
OM growth 3Y-14.4%
OM growth 5Y-8.08%
PM growth 3Y-9.54%
PM growth 5Y-5.61%
GM growth 3Y-5.68%
GM growth 5Y-2.99%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MPX is creating value.
The number of shares outstanding for MPX has been increased compared to 1 year ago.
Compared to 5 years ago, MPX has more shares outstanding
There is no outstanding debt for MPX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 6.10 indicates that MPX is not in any danger for bankruptcy at the moment.
MPX's Altman-Z score of 6.10 is amongst the best of the industry. MPX outperforms 86.67% of its industry peers.
MPX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 6.1 |
ROIC/WACC0.94
WACC9.08%
2.3 Liquidity
MPX has a Current Ratio of 3.66. This indicates that MPX is financially healthy and has no problem in meeting its short term obligations.
MPX's Current ratio of 3.66 is fine compared to the rest of the industry. MPX outperforms 70.00% of its industry peers.
A Quick Ratio of 2.08 indicates that MPX has no problem at all paying its short term obligations.
MPX has a better Quick ratio (2.08) than 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.66 | ||
| Quick Ratio | 2.08 |
3. Growth
3.1 Past
MPX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -60.38%.
MPX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.79% yearly.
MPX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -32.31%.
Measured over the past years, MPX shows a decrease in Revenue. The Revenue has been decreasing by -4.13% on average per year.
EPS 1Y (TTM)-60.38%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-53.85%
Revenue 1Y (TTM)-32.31%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%-14.91%
3.2 Future
Based on estimates for the next years, MPX will show a small growth in Earnings Per Share. The EPS will grow by 1.11% on average per year.
MPX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.95% yearly.
EPS Next Y-18.38%
EPS Next 2Y1.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.11%
Revenue Next 2Y7.95%
Revenue Next 3YN/A
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MPX is valuated rather expensively with a Price/Earnings ratio of 19.79.
63.33% of the companies in the same industry are more expensive than MPX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.25, MPX is valued a bit cheaper.
The Price/Forward Earnings ratio is 16.59, which indicates a correct valuation of MPX.
MPX's Price/Forward Earnings is on the same level as the industry average.
MPX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 16.59 |
4.2 Price Multiples
MPX's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, MPX is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.12 | ||
| EV/EBITDA | 12.56 |
4.3 Compensation for Growth
MPX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.11%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.60%, MPX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.51, MPX pays a better dividend. On top of this MPX pays more dividend than 93.33% of the companies listed in the same industry.
MPX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
5.2 History
On average, the dividend of MPX grows each year by 16.89%, which is quite nice.
MPX has been paying a dividend for at least 10 years, so it has a reliable track record.
MPX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.89%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
305.16% of the earnings are spent on dividend by MPX. This is not a sustainable payout ratio.
The dividend of MPX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP305.16%
EPS Next 2Y1.11%
EPS Next 3YN/A
8.31
+0.07 (+0.85%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners15.99%
Inst Owner Change0.26%
Ins Owners4.8%
Ins Owner Change0.57%
Market Cap290.52M
Analysts45
Price Target8.16 (-1.81%)
Short Float %2.79%
Short Ratio8.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
Yearly Dividend1.26
Dividend Growth(5Y)16.89%
DP305.16%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)51.84%
Min EPS beat(2)-24.8%
Max EPS beat(2)128.48%
EPS beat(4)3
Avg EPS beat(4)32.95%
Min EPS beat(4)-24.8%
Max EPS beat(4)128.48%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-4.55%
Min Revenue beat(2)-11.36%
Max Revenue beat(2)2.26%
Revenue beat(4)2
Avg Revenue beat(4)-1.73%
Min Revenue beat(4)-11.36%
Max Revenue beat(4)5.36%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 16.59 | ||
| P/S | 1.28 | ||
| P/FCF | 14.12 | ||
| P/OCF | 11.92 | ||
| P/B | 2.3 | ||
| P/tB | 2.37 | ||
| EV/EBITDA | 12.56 |
EPS(TTM)0.42
EY5.05%
EPS(NY)0.5
Fwd EY6.03%
FCF(TTM)0.59
FCFY7.08%
OCF(TTM)0.7
OCFY8.39%
SpS6.47
BVpS3.62
TBVpS3.51
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.84% | ||
| ROE | 11.35% | ||
| ROCE | 10.37% | ||
| ROIC | 8.53% | ||
| ROICexc | 13.82% | ||
| ROICexgc | 14.41% | ||
| OM | 6.85% | ||
| PM (TTM) | 6.34% | ||
| GM | 18.77% | ||
| FCFM | 9.09% |
ROA(3y)18.3%
ROA(5y)18.46%
ROE(3y)23.86%
ROE(5y)24.6%
ROIC(3y)20.95%
ROIC(5y)21.9%
ROICexc(3y)32.66%
ROICexc(5y)31.62%
ROICexgc(3y)33.97%
ROICexgc(5y)33.01%
ROCE(3y)25.47%
ROCE(5y)26.62%
ROICexcg growth 3Y-20.57%
ROICexcg growth 5Y-18.72%
ROICexc growth 3Y-20.57%
ROICexc growth 5Y-18.41%
OM growth 3Y-14.4%
OM growth 5Y-8.08%
PM growth 3Y-9.54%
PM growth 5Y-5.61%
GM growth 3Y-5.68%
GM growth 5Y-2.99%
F-Score5
Asset Turnover1.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 131.66% | ||
| Cap/Sales | 1.68% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 132.59% | ||
| Profit Quality | 143.4% | ||
| Current Ratio | 3.66 | ||
| Quick Ratio | 2.08 | ||
| Altman-Z | 6.1 |
F-Score5
WACC9.08%
ROIC/WACC0.94
Cap/Depr(3y)238.99%
Cap/Depr(5y)178.67%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.31%
Profit Quality(3y)127.39%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-60.38%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-53.85%
EPS Next Y-18.38%
EPS Next 2Y1.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-32.31%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%-14.91%
Revenue Next Year3.11%
Revenue Next 2Y7.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-59.1%
EBIT growth 3Y-20.74%
EBIT growth 5Y-11.88%
EBIT Next Year20.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-69.61%
FCF growth 3YN/A
FCF growth 5Y-4.62%
OCF growth 1Y-66.04%
OCF growth 3Y300.39%
OCF growth 5Y-2.74%