MARINE PRODUCTS CORP (MPX) Stock Fundamental Analysis
USA - NYSE:MPX - US5684271084 - Common Stock
8.82 USD
+0.09 (+1.03%)
8.82 USD
0 (0%)
Taking everything into account, MPX scores 6 out of 10 in our fundamental rating. 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
MPX had positive earnings in the past year.
MPX had a positive operating cash flow in the past year.
MPX had positive earnings in each of the past 5 years.
MPX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MPX has a better Return On Assets (7.80%) than 81.82% of its industry peers.
Looking at the Return On Equity, with a value of 10.62%, MPX belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.28%, MPX belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
MPX had an Average Return On Invested Capital over the past 3 years of 20.95%. This is significantly above the industry average of 7.78%.
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
MPX's Profit Margin of 6.02% is amongst the best of the industry. MPX outperforms 87.88% of its industry peers.
MPX's Profit Margin has declined in the last couple of years.
MPX has a Operating Margin of 6.49%. This is amongst the best in the industry. MPX outperforms 81.82% of its industry peers.
MPX's Operating Margin has declined in the last couple of years.
MPX has a worse Gross Margin (18.81%) 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.
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
MPX has an Altman-Z score of 7.16. This indicates that MPX is financially healthy and has little risk of bankruptcy at the moment.
MPX's Altman-Z score of 7.16 is amongst the best of the industry. MPX outperforms 87.88% of its industry peers.
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 | 7.16 |
ROIC/WACC0.87
WACC10.66%
2.3 Liquidity
A Current Ratio of 2.96 indicates that MPX has no problem at all paying its short term obligations.
MPX has a Current ratio of 2.96. This is in the better half of the industry: MPX outperforms 63.64% of its industry peers.
MPX has a Quick Ratio of 1.81. This is a normal value and indicates that MPX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MPX (1.81) is better than 72.73% of its industry peers.
| 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.
The Earnings Per Share has been decreasing by -9.79% on average over the past years.
The Revenue for MPX has decreased by -21.97% in the past year. This is quite bad
The Revenue has been decreasing by -4.13% on average over the past years.
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
The Earnings Per Share is expected to grow by 1.11% on average over the next years.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
MPX is valuated rather expensively with a Price/Earnings ratio of 22.05.
69.70% of the companies in the same industry are more expensive than MPX, based on the Price/Earnings ratio.
MPX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.86, which is the current average of the S&P500 Index.
MPX is valuated rather expensively with a Price/Forward Earnings ratio of 17.61.
66.67% of the companies in the same industry are more expensive than MPX, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.32, MPX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.05 | ||
| Fwd PE | 17.61 |
4.2 Price Multiples
MPX's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPX indicates a somewhat cheap valuation: MPX is cheaper than 63.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.92 | ||
| EV/EBITDA | 14.57 |
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
MPX has a Yearly Dividend Yield of 6.14%, which is a nice return.
Compared to an average industry Dividend Yield of 4.31, MPX pays a better dividend. On top of this MPX pays more dividend than 93.94% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, MPX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.14% |
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
144.60% of the earnings are spent on dividend by MPX. 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
8.82
+0.09 (+1.03%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners16.01%
Inst Owner Change1.8%
Ins Owners4.53%
Ins Owner Change0.17%
Market Cap308.70M
Analysts45
Price Target8.16 (-7.48%)
Short Float %2.58%
Short Ratio11.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.14% |
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 | 22.05 | ||
| Fwd PE | 17.61 | ||
| P/S | 1.38 | ||
| P/FCF | 19.92 | ||
| P/OCF | 16.29 | ||
| P/B | 2.43 | ||
| P/tB | 2.5 | ||
| EV/EBITDA | 14.57 |
EPS(TTM)0.4
EY4.54%
EPS(NY)0.5
Fwd EY5.68%
FCF(TTM)0.44
FCFY5.02%
OCF(TTM)0.54
OCFY6.14%
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 | 7.16 |
F-Score5
WACC10.66%
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%