MARINE PRODUCTS CORP (MPX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MPX - US5684271084 - Common Stock
8.41 USD
-0.21 (-2.44%)
8.41 USD
0 (0%)
MPX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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.
Each year in the past 5 years MPX has been profitable.
Each year in the past 5 years MPX had a positive operating cash flow.
1.2 Ratios
MPX's Return On Assets of 7.10% is amongst the best of the industry. MPX outperforms 90.91% of its industry peers.
MPX has a Return On Equity of 10.10%. This is amongst the best in the industry. MPX outperforms 87.88% of its industry peers.
With an excellent Return On Invested Capital value of 8.92%, MPX belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MPX is significantly above the industry average of 7.07%.
The 3 year average ROIC (20.95%) for MPX is well above the current ROIC(8.92%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.1% | ||
| ROE | 10.1% | ||
| ROIC | 8.92% |
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 5.60% 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.
The Operating Margin of MPX (6.10%) is better than 75.76% of its industry peers.
In the last couple of years the Operating Margin of MPX has declined.
MPX has a worse Gross Margin (19.00%) 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 | 6.1% | ||
| PM (TTM) | 5.6% | ||
| GM | 19% |
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
MPX has more shares outstanding than it did 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
An Altman-Z score of 6.40 indicates that MPX is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.40, MPX belongs to the top of the industry, outperforming 81.82% 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 | 6.4 |
ROIC/WACC0.81
WACC10.95%
2.3 Liquidity
MPX has a Current Ratio of 2.74. This indicates that MPX is financially healthy and has no problem in meeting its short term obligations.
MPX has a better Current ratio (2.74) than 63.64% of its industry peers.
A Quick Ratio of 1.54 indicates that MPX should not have too much problems paying its short term obligations.
MPX has a Quick ratio of 1.54. This is in the better half of the industry: MPX outperforms 60.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.74 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
MPX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.19%.
The Earnings Per Share has been decreasing by -9.79% on average over the past years.
The Revenue for MPX has decreased by -12.30% in the past year. This is quite bad
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)-30.19%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-30%
Revenue 1Y (TTM)-12.3%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%6.62%
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.
Based on estimates for the next years, MPX will show a small growth in Revenue. The Revenue will grow by 7.95% on average per year.
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.
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
The Price/Earnings ratio is 22.73, which indicates a rather expensive current valuation of MPX.
MPX's Price/Earnings ratio is a bit cheaper when compared to the industry. MPX is cheaper than 66.67% of the companies in the same industry.
MPX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 16.79 indicates a correct valuation of MPX.
MPX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MPX is cheaper than 69.70% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MPX to the average of the S&P500 Index (36.12), we can say MPX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.73 | ||
| Fwd PE | 16.79 |
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 | 20.45 | ||
| EV/EBITDA | 14.58 |
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 6.83%, MPX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.28, MPX pays a better dividend. On top of this MPX pays more dividend than 96.97% 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 | 6.83% |
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
MPX pays out 153.62% 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.
DP153.62%
EPS Next 2Y1.11%
EPS Next 3YN/A
8.41
-0.21 (-2.44%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners16.01%
Inst Owner Change6.11%
Ins Owners4.53%
Ins Owner Change0.02%
Market Cap294.35M
Revenue(TTM)227.67M
Net Income(TTM)12.75M
Analysts45
Price Target8.16 (-2.97%)
Short Float %2.23%
Short Ratio8.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.83% |
Yearly Dividend1.26
Dividend Growth(5Y)16.89%
DP153.62%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.49%
Min EPS beat(2)-29.99%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)18.17%
Min EPS beat(4)-29.99%
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)-2.55%
Min Revenue beat(2)-3.97%
Max Revenue beat(2)-1.14%
Revenue beat(4)1
Avg Revenue beat(4)-3.55%
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 | 22.73 | ||
| Fwd PE | 16.79 | ||
| P/S | 1.29 | ||
| P/FCF | 20.45 | ||
| P/OCF | 17.96 | ||
| P/B | 2.33 | ||
| P/tB | 2.4 | ||
| EV/EBITDA | 14.58 |
EPS(TTM)0.37
EY4.4%
EPS(NY)0.5
Fwd EY5.96%
FCF(TTM)0.41
FCFY4.89%
OCF(TTM)0.47
OCFY5.57%
SpS6.5
BVpS3.61
TBVpS3.5
PEG (NY)N/A
PEG (5Y)N/A
Graham Number5.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.1% | ||
| ROE | 10.1% | ||
| ROCE | 10.84% | ||
| ROIC | 8.92% | ||
| ROICexc | 14.16% | ||
| ROICexgc | 14.86% | ||
| OM | 6.1% | ||
| PM (TTM) | 5.6% | ||
| GM | 19% | ||
| FCFM | 6.32% |
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%
ROICexgc growth 3Y-20.57%
ROICexgc 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 Turnover1.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 65.05% | ||
| Cap/Sales | 0.87% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.74% | ||
| Profit Quality | 112.93% | ||
| Current Ratio | 2.74 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 6.4 |
F-Score5
WACC10.95%
ROIC/WACC0.81
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)-30.19%
EPS 3Y-11.21%
EPS 5Y-9.79%
EPS Q2Q%-30%
EPS Next Y-18.38%
EPS Next 2Y1.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.3%
Revenue growth 3Y-7.41%
Revenue growth 5Y-4.13%
Sales Q2Q%6.62%
Revenue Next Year3.11%
Revenue Next 2Y7.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-31.55%
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-72.77%
FCF growth 3YN/A
FCF growth 5Y-4.62%
OCF growth 1Y-73.74%
OCF growth 3Y300.39%
OCF growth 5Y-2.74%
MARINE PRODUCTS CORP / MPX FAQ
What is the ChartMill fundamental rating of MARINE PRODUCTS CORP (MPX) stock?
ChartMill assigns a fundamental rating of 6 / 10 to MPX.
Can you provide the valuation status for MARINE PRODUCTS CORP?
ChartMill assigns a valuation rating of 4 / 10 to MARINE PRODUCTS CORP (MPX). This can be considered as Fairly Valued.
What is the profitability of MPX stock?
MARINE PRODUCTS CORP (MPX) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for MPX stock?
The Earnings per Share (EPS) of MARINE PRODUCTS CORP (MPX) is expected to decline by -18.38% in the next year.
How sustainable is the dividend of MARINE PRODUCTS CORP (MPX) stock?
The dividend rating of MARINE PRODUCTS CORP (MPX) is 6 / 10 and the dividend payout ratio is 153.62%.