Financials Marine Products Corporation

Equities

MPX

US5684271084

Recreational Products

Market Closed - Nyse Other stock markets 04:00:01 2024-05-10 pm EDT			5-day change	1st Jan Change
10.55 ^USD	+1.05%		-7.94%	-7.46%

Apr. 25	Transcript : Marine Products Corporation, Q1 2024 Earnings Call, Apr 25, 2024
Apr. 25	Earnings Flash (MPX) MARINE PRODUCTS CORPORATION Posts Q1 Revenue $69.3M	MT

Valuation

Fiscal Period: December	2019	2020	2022	2023	2024	2025
Capitalization ¹	489	492.4	402.7	392.9	365.9	-
Enterprise Value (EV) ¹	489	492.4	402.7	392.9	365.9	365.9
P/E ratio	17.3 x	25.5 x	9.97 x	9.42 x	17.6 x	14.1 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	1.67 x	2.05 x	-	1.02 x	1.33 x	1.21 x
EV / Revenue	1.67 x	2.05 x	-	1.02 x	1.33 x	1.21 x
EV / EBITDA	13.5 x	18.7 x	-	7.61 x	13.4 x	9.24 x
EV / FCF	-	-	-	8,418,767 x	-	-
FCF Yield	-	-	-	0%	-	-
Price to Book	-	-	-	-	1.67 x	-
Nbr of stocks (in thousands)	33,961	33,869	34,218	34,467	34,683	-
Reference price ²	14.40	14.54	11.77	11.40	10.55	10.55
Announcement Date	1/29/20	1/27/21	1/25/23	1/25/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2022	2023	2024	2025
Net sales ¹	292.1	239.8	-	383.7	274.2	301.4
EBITDA ¹	36.22	26.32	-	51.62	27.4	39.6
EBIT ¹	34.14	24.36	-	49.2	24.6	31.6
Operating Margin	11.68%	10.16%	-	12.82%	8.97%	10.48%
Earnings before Tax (EBT) ¹	34.46	24.46	-	52.06	27.4	34.1
Net income ¹	28.24	19.44	40.35	41.7	20.8	26
Net margin	9.67%	8.11%	-	10.87%	7.59%	8.63%
EPS ²	0.8300	0.5700	1.180	1.210	0.6000	0.7500
Free Cash Flow	-	-	-	46.67	-	-
FCF margin	-	-	-	12.16%	-	-
FCF Conversion (EBITDA)	-	-	-	90.42%	-	-
FCF Conversion (Net income)	-	-	-	111.94%	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	1/29/20	1/27/21	1/25/23	1/25/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2	2023 Q3	2023 Q4	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	77.79	70.87	65.4	69.3	70.2
EBITDA ¹	-	13.02	6.485	7.9	9.2	8.2
EBIT ¹	-	12.41	5.819	5.4	7.5	6.5
Operating Margin	-	15.96%	8.21%	8.26%	10.82%	9.26%
Earnings before Tax (EBT) ¹	-	13.27	6.613	6.3	8	7
Net income ¹	14.32	10.4	5.422	4.8	6.1	5.3
Net margin	-	13.37%	7.65%	7.34%	8.8%	7.55%
EPS ²	0.4200	0.3000	0.1600	0.1400	0.1800	0.1500
Dividend per Share	-	-	-	-	-	-
Announcement Date	7/26/23	10/25/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	46.7	-	-
ROE (net income / shareholders' equity)	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	-	6.310	-
Cash Flow per Share	-	-	-	-	-	-
Capex	2.33	2.1	-	10.2	-	-
Capex / Sales	0.8%	0.88%	-	2.65%	-	-
Announcement Date	1/29/20	1/27/21	1/25/23	1/25/24	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Marine Products Corporation

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

10.55 USD

Average target price

11 USD

Spread / Average Target

+4.27%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Sailing Yachts & Motorboats

	1st Jan change	Capi.
MARINE PRODUCTS CORPORATION	-7.46%	366M
SANLORENZO S.P.A.	+4.60%	1.63B
FERRETTI S.P.A.	+1.41%	1.1B
MALIBU BOATS, INC.	-34.40%	735M
THE ITALIAN SEA GROUP S.P.A.	+16.77%	543M
MASTERCRAFT BOAT HOLDINGS, INC.	-9.45%	348M
FOUNTAINE PAJOT	+13.10%	230M
CATANA GROUP	-4.55%	174M

Sailing Yachts & Motorboats