MARINE PRODUCTS CORP (MPX)
US5684271084 - Common Stock
Taking everything into account, MPX scores 7 out of 10 in our fundamental rating. MPX was compared to 32 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 it does not seem to be growing. Finally MPX also has an excellent dividend rating. These ratings could make MPX a good candidate for dividend investing.
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.
Each year in the past 5 years MPX has been profitable.
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 21.05%, MPX belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
MPX has a Return On Equity of 26.91%. This is amongst the best in the industry. MPX outperforms 90.63% of its industry peers.
MPX has a Return On Invested Capital of 21.67%. This is amongst the best in the industry. MPX outperforms 93.75% of its industry peers.
MPX had an Average Return On Invested Capital over the past 3 years of 25.26%. This is significantly above the industry average of 11.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.05% | ||
| ROE | 26.91% | ||
| ROIC | 21.67% |
ROA(3y)22.2%
ROA(5y)21.77%
ROE(3y)29.18%
ROE(5y)29.15%
ROIC(3y)25.26%
ROIC(5y)25.2%
1.3 Margins
Looking at the Profit Margin, with a value of 10.63%, MPX belongs to the top of the industry, outperforming 96.88% of the companies in the same industry.
In the last couple of years the Profit Margin of MPX has grown nicely.
MPX has a better Operating Margin (12.28%) than 87.50% of its industry peers.
MPX's Operating Margin has been stable in the last couple of years.
MPX has a worse Gross Margin (23.55%) than 81.25% of its industry peers.
MPX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.28% | ||
| PM (TTM) | 10.63% | ||
| GM | 23.55% |
OM growth 3Y6.5%
OM growth 5Y0.73%
PM growth 3Y10.21%
PM growth 5Y2.71%
GM growth 3Y1.76%
GM growth 5Y1.19%
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.
Compared to 1 year ago, MPX has more shares outstanding
Compared to 5 years ago, MPX has more shares outstanding
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 9.85. This indicates that MPX is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 9.85, MPX belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
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 | 9.85 |
ROIC/WACC2.35
WACC9.23%
2.3 Liquidity
A Current Ratio of 6.17 indicates that MPX has no problem at all paying its short term obligations.
The Current ratio of MPX (6.17) is better than 84.38% of its industry peers.
A Quick Ratio of 3.44 indicates that MPX has no problem at all paying its short term obligations.
The Quick ratio of MPX (3.44) is better than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.17 | ||
| Quick Ratio | 3.44 |
3. Growth
3.1 Past
MPX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.29%.
The Earnings Per Share has been growing by 8.88% on average over the past years. This is quite good.
MPX shows a small growth in Revenue. In the last year, the Revenue has grown by 0.73%.
MPX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.14% yearly.
EPS 1Y (TTM)2.29%
EPS 3Y30.61%
EPS 5Y8.88%
EPS growth Q2Q-54.29%
Revenue 1Y (TTM)0.73%
Revenue growth 3Y16.97%
Revenue growth 5Y5.14%
Revenue growth Q2Q-34.68%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-24.69%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-18.64%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.57, the valuation of MPX can be described as reasonable.
Based on the Price/Earnings ratio, MPX is valued cheaper than 81.25% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.80, MPX is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.38, the valuation of MPX can be described as very reasonable.
Based on the Price/Forward Earnings ratio, MPX is valued a bit cheaper than 71.88% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.27. MPX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.57 | ||
| Fwd PE | 11.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MPX is valued cheaply inside the industry as 84.38% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPX indicates a somewhat cheap valuation: MPX is cheaper than 78.13% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.08 | ||
| EV/EBITDA | 6.04 |
4.3 Compensation for Growth
MPX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.96
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.82%, MPX is a good candidate for dividend investing.
MPX's Dividend Yield is rather good when compared to the industry average which is at 3.31. MPX pays more dividend than 93.75% of the companies 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 | 4.82% |
5.2 History
The dividend of MPX has a limited annual growth rate of 2.33%.
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)2.33%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
MPX pays out 47.28% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP47.28%
EPS Next 2YN/A
EPS Next 3YN/A
MARINE PRODUCTS CORP
NYSE:MPX (4/18/2024, 7:08:58 PM)
After market: 10.88 0 (0%)10.88
+0.18 (+1.68%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap377.32M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.57 | ||
| Fwd PE | 11.38 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.05% | ||
| ROE | 26.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.28% | ||
| PM (TTM) | 10.63% | ||
| GM | 23.55% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 6.17 | ||
| Quick Ratio | 3.44 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)2.29%
EPS 3Y30.61%
EPS 5Y
EPS growth Q2Q
EPS Next Y-24.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.73%
Revenue growth 3Y16.97%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y