MARINE PRODUCTS CORP (MPX) Stock Fundamental Analysis
NYSE:MPX - US5684271084 - Common Stock
9.07 USD
-0.21 (-2.26%)
9.07 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MPX. MPX was compared to 33 industry peers in the Leisure Products industry. MPX scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MPX is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MPX had positive earnings in the past year.
In the past year MPX had a positive cash flow from operations.
In the past 5 years MPX has always been profitable.
MPX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MPX's Return On Assets of 7.80% is amongst the best of the industry. MPX outperforms 81.82% of its industry peers.
The Return On Equity of MPX (10.62%) is better than 84.85% of its industry peers.
MPX has a better Return On Invested Capital (9.28%) than 81.82% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPX is significantly above the industry average of 7.82%.
The 3 year average ROIC (20.95%) for MPX is well above the current ROIC(9.28%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.8% | ||
| ROE | 10.62% | ||
| ROIC | 9.28% |
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
With an excellent Profit Margin value of 6.02%, MPX belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
In the last couple of years the Profit Margin of MPX has declined.
MPX has a Operating Margin of 6.49%. This is amongst the best in the industry. MPX outperforms 81.82% of its industry peers.
In the last couple of years the Operating Margin of MPX has declined.
The Gross Margin of MPX (18.81%) is worse than 75.76% of its industry peers.
In the last couple of years the Gross Margin of MPX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.49% | ||
| PM (TTM) | 6.02% | ||
| GM | 18.81% |
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
MPX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, MPX has more shares outstanding
The number of shares outstanding for MPX has been increased compared to 5 years ago.
MPX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
MPX has an Altman-Z score of 7.31. This indicates that MPX is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.31, MPX belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 7.31 |
ROIC/WACC0.87
WACC10.63%
2.3 Liquidity
MPX has a Current Ratio of 2.96. This indicates that MPX is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.96, MPX is doing good in the industry, outperforming 63.64% of the companies in the same industry.
A Quick Ratio of 1.81 indicates that MPX should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.81, MPX is doing good in the industry, outperforming 69.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.96 | ||
| Quick Ratio | 1.81 |
3. Growth
3.1 Past
The earnings per share for MPX have decreased strongly by -48.72% in the last year.
Measured over the past years, MPX shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.79% on average per year.
The Revenue for MPX has decreased by -21.97% in the past year. This is quite bad
MPX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.13% yearly.
EPS 1Y (TTM)-48.72%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)-21.97%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%-2.66%
3.2 Future
MPX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.11% yearly.
The Revenue is expected to grow by 7.95% on average over the next years.
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
With a Price/Earnings ratio of 22.68, MPX is valued on the expensive side.
Based on the Price/Earnings ratio, MPX is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.07, MPX is valued at the same level.
Based on the Price/Forward Earnings ratio of 18.11, the valuation of MPX can be described as rather expensive.
Based on the Price/Forward Earnings ratio, MPX is valued a bit cheaper than the industry average as 69.70% of the companies are valued more expensively.
MPX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.68 | ||
| Fwd PE | 18.11 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MPX.
63.64% of the companies in the same industry are more expensive than MPX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.49 | ||
| EV/EBITDA | 15.24 |
4.3 Compensation for Growth
The decent profitability rating of MPX 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 6.06%, MPX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.03, MPX pays a better dividend. On top of this MPX pays more dividend than 96.97% 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 2.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.06% |
5.2 History
On average, the dividend of MPX grows each year by 16.89%, which is quite nice.
MPX has paid a dividend for at least 10 years, which is 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
MPX pays out 144.60% of its income as dividend. This is not a sustainable payout ratio.
MPX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP144.6%
EPS Next 2Y1.11%
EPS Next 3YN/A
9.07
-0.21 (-2.26%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners15.86%
Inst Owner Change1.8%
Ins Owners4.51%
Ins Owner Change0.17%
Market Cap317.45M
Analysts45
Price Target8.16 (-10.03%)
Short Float %2.53%
Short Ratio10.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.06% |
Yearly Dividend1.26
Dividend Growth(5Y)16.89%
DP144.6%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.9%
Min EPS beat(2)-24.8%
Max EPS beat(2)-0.99%
EPS beat(4)2
Avg EPS beat(4)32.41%
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)0
Avg Revenue beat(2)-6.25%
Min Revenue beat(2)-11.36%
Max Revenue beat(2)-1.14%
Revenue beat(4)1
Avg Revenue beat(4)-3.35%
Min Revenue beat(4)-11.36%
Max Revenue beat(4)2.26%
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)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.68 | ||
| Fwd PE | 18.11 | ||
| P/S | 1.41 | ||
| P/FCF | 20.49 | ||
| P/OCF | 16.75 | ||
| P/B | 2.5 | ||
| P/tB | 2.57 | ||
| EV/EBITDA | 15.24 |
EPS(TTM)0.4
EY4.41%
EPS(NY)0.5
Fwd EY5.52%
FCF(TTM)0.44
FCFY4.88%
OCF(TTM)0.54
OCFY5.97%
SpS6.41
BVpS3.64
TBVpS3.53
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.8% | ||
| ROE | 10.62% | ||
| ROCE | 11.29% | ||
| ROIC | 9.28% | ||
| ROICexc | 15.2% | ||
| ROICexgc | 15.96% | ||
| OM | 6.49% | ||
| PM (TTM) | 6.02% | ||
| GM | 18.81% | ||
| FCFM | 6.91% |
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 Turnover1.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 116.12% | ||
| Cap/Sales | 1.54% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 108.11% | ||
| Profit Quality | 114.68% | ||
| Current Ratio | 2.96 | ||
| Quick Ratio | 1.81 | ||
| Altman-Z | 7.31 |
F-Score5
WACC10.63%
ROIC/WACC0.87
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)-48.72%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-14.29%
EPS Next Y-18.38%
EPS Next 2Y1.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-21.97%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%-2.66%
Revenue Next Year3.11%
Revenue Next 2Y7.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-46.36%
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-75.82%
FCF growth 3YN/A
FCF growth 5Y-4.62%
OCF growth 1Y-74.03%
OCF growth 3Y300.39%
OCF growth 5Y-2.74%