MARINE PRODUCTS CORP (MPX) Stock Fundamental Analysis
NYSE:MPX - New York Stock Exchange, Inc. - US5684271084 - Common Stock - Currency: USD
MPX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 31 industry peers in the Leisure Products industry. MPX gets an excellent profitability rating and is at the same time showing great financial health properties. 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.
Each year in the past 5 years MPX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.84%, MPX belongs to the top of the industry, outperforming 83.87% of the companies in the same industry.
The Return On Equity of MPX (11.35%) is better than 83.87% of its industry peers.
With an excellent Return On Invested Capital value of 8.53%, MPX belongs to the best of the industry, outperforming 80.65% 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 7.91%.
The 3 year average ROIC (20.95%) for MPX is well above the current ROIC(8.53%). The reason for the recent decline needs to be investigated.
| 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 better Profit Margin (6.34%) than 83.87% 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 77.42% of its industry peers.
MPX's Operating Margin has declined in the last couple of years.
MPX has a Gross Margin of 18.77%. This is amonst the worse of the industry: MPX underperforms 80.65% of its industry peers.
In the last couple of years the Gross Margin of MPX has declined.
| 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
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.
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 6.15. This indicates that MPX is financially healthy and has little risk of bankruptcy at the moment.
MPX has a better Altman-Z score (6.15) than 83.87% 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 | 6.15 |
ROIC/WACC0.91
WACC9.43%
2.3 Liquidity
A Current Ratio of 3.66 indicates that MPX has no problem at all paying its short term obligations.
MPX's Current ratio of 3.66 is fine compared to the rest of the industry. MPX outperforms 67.74% of its industry peers.
MPX has a Quick Ratio of 2.08. This indicates that MPX is financially healthy and has no problem in meeting its short term obligations.
MPX has a better Quick ratio (2.08) than 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.66 | ||
| Quick Ratio | 2.08 |
3. Growth
3.1 Past
The earnings per share for MPX have decreased strongly by -60.38% in the last year.
The Earnings Per Share has been decreasing by -9.79% on average over the past years.
Looking at the last year, MPX shows a very negative growth in Revenue. The Revenue has decreased by -32.31% in the last year.
MPX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.13% yearly.
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
MPX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.11% yearly.
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.
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 20.10.
MPX's Price/Earnings ratio is a bit cheaper when compared to the industry. MPX is cheaper than 74.19% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.46, MPX is valued a bit cheaper.
With a Price/Forward Earnings ratio of 16.85, MPX is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MPX indicates a somewhat cheap valuation: MPX is cheaper than 61.29% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.44. MPX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.1 | ||
| Fwd PE | 16.85 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MPX is valued a bit cheaper than the industry average as 61.29% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MPX is valued a bit cheaper than the industry average as 70.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.34 | ||
| EV/EBITDA | 12.83 |
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 6.59%, MPX is a good candidate for dividend investing.
MPX's Dividend Yield is rather good when compared to the industry average which is at 4.60. MPX pays more dividend than 93.55% of the companies in the same industry.
MPX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.59% |
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.
MPX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP305.16%
EPS Next 2Y1.11%
EPS Next 3YN/A
8.44
+0.06 (+0.72%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners15.91%
Inst Owner Change0.03%
Ins Owners4.52%
Ins Owner Change0.58%
Market Cap295.06M
Analysts45
Price Target8.16 (-3.32%)
Short Float %2.93%
Short Ratio10.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.59% |
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)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 | 20.1 | ||
| Fwd PE | 16.85 | ||
| P/S | 1.3 | ||
| P/FCF | 14.34 | ||
| P/OCF | 12.1 | ||
| P/B | 2.33 | ||
| P/tB | 2.41 | ||
| EV/EBITDA | 12.83 |
EPS(TTM)0.42
EY4.98%
EPS(NY)0.5
Fwd EY5.94%
FCF(TTM)0.59
FCFY6.97%
OCF(TTM)0.7
OCFY8.26%
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 | 6.15 |
F-Score5
WACC9.43%
ROIC/WACC0.91
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%