MasterCraft Boat Holdings, Inc.

MasterCraft Boat Holdings, Inc.

MCFTยทNASDAQ

$22.71

-2.2%
Consumer CyclicalAuto - Recreational Vehicles

MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. The NauticStar segment offers boats that are primarily used for saltwater fishing and general recreational boating. The Crest segment produces pontoon boats for use in general recreational boating. The company also offers ski/wake, outboard, and sterndrive boats, as well as various accessories, including trailers and aftermarket parts. It sells its boats under the MasterCraft, NauticStar, Crest, and Aviara brands through a network of independent dealers in North America and internationally. The company was formerly known as MCBC Holdings, Inc. and changed its name to MasterCraft Boat Holdings, Inc. in November 2018. MasterCraft Boat Holdings, Inc. was founded in 1968 and is based in Vonore, Tennessee.

At a Glance

Live Snapshot
Market Cap$369.72M
EPS0.4300
P/E Ratio52.81
Earnings Date08/26/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 52.8).

Valuation inputs: P/E 52.8, earnings yield +1.9%, momentum -2.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +3.8%, ROIC +4.6%).

Profitability stack: net margin +2.5%, ROE +3.8%, ROIC +4.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +29.4%, momentum -2.2%, net margin +2.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

mcft

MasterCraft Boat Holdings, Inc. Market vs Earnings Trajectory

MCFT ยท NASDAQ

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MasterCraft Boat Holdings, Inc.

MasterCraft Boat Holdings, Inc. Fair Value Envelope

MCFT ยท NASDAQ

Our analysis suggests that MCFT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $22.71, this represents a potential HIDDEN relative to our calculated worth for MasterCraft Boat Holdings, Inc..

Intrinsic Value
Current Price: $22.71
3Y-86.0%
5Y-134.0%
10Y-25.0%
3Y-56.0%
5Y-22.0%
10Y+28.0%
3Y-88.0%
5Y-129.0%
10Y-31.0%
3Y-51.0%
5Y+18.0%
10Y+16.0%
3Y-57.0%
5Y+65.0%
10Y-2.0%
3Y-12.0%
5Y+25.0%
10Y+215.0%
MasterCraft Boat Holdings, Inc.

MasterCraft Boat Holdings, Inc. Profit Bridge

MCFT ยท NASDAQ
Revenue284.20M
Cost of Goods Sold (227.34M)
Gross Profit56.87M
Operating Expenses (45.63M)
Operating Income11.23M
Interest Expense (1.17M)
Other Income/Expense2.30M
Pretax Income13.54M
Income Tax (2.82M)
Net Income7.04M
Net Income
7.04M

Profitability Analysis

Gross Margin

20.0%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

4.0%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

2.5%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

20.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

20.01%
Gross Profit Margin
9%
3Y-24.0%
5Y-4.0%
10Y-27.0%
3.95%
Operating Profit Margin
90%
3Y-78.0%
5Y-52.0%
10Y-60.0%
2.48%
Net Profit Margin
16%
3Y-73.0%
5Y-137.0%
10Y-46.0%
3.84%
Return on Equity
-10%
3Y-91.0%
5Y-108.0%
10Y-103.0%
2.71%
Return on Assets
10%
3Y-86.0%
5Y-123.0%
10Y-78.0%
4.57%
Return on Invested Capital
70%
3Y-89.0%
5Y-68.0%
10Y-83.0%
MCFT

MasterCraft Boat Holdings, Inc. Cash Conversion Engine

MCFT ยท NASDAQ
Net Income10.71M
Depreciation & Amortization9.58M
Stock-Based Compensation2.92M
Change in Working Capital13.53M
Others-1.34M
Capital Expenditures-9.20M
Free Cash Flow26.39M

Cash Flow Quality Analysis

FCF Conversion Rate

246.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

25.8%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+783.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$13.53M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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MasterCraft Boat Holdings, Inc. Funding & Solvency Profile

MCFT ยท NASDAQ
Cash & Cash Equivalents75.40M
Net Receivables11.23M
Inventory34.77M
Other Current Assets11.22M
Total Current Assets142 M
Property, Plant & Equipment53.52M
Goodwill & Intangible Assets58.99M
Long-Term Investments0.00
Other Non-Current Assets5.93M
Total Non-Current Assets59 M
Total Assets
277.85M

Financial Health Analysis

Current Ratio

1.83x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.47x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

64 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

51% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

mcft

MasterCraft Boat Holdings, Inc. Street Expectations Map

MCFT ยท NASDAQ

Wall Street analysts project that MCFT stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 25.33, with estimates ranging from a low of 21.00 to a high of 30.00.

Lowest Target
21.00
-7.53%
Consensus Target
25.33
11.54%
Highest Target
30.00
32.10%

The consensus 1-year price target stands at 25.33, with estimates ranging from a low of 21.00 to a high of 30.00.

Analyst Consensus Analysis

Upside Potential

+11.5%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

35.5% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

4.26x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Asymmetric upside: Strong return potential with favorable risk-reward profile. The limited downside relative to upside makes this an attractive risk-adjusted opportunity for growth-oriented portfolios.

mcft

MasterCraft Boat Holdings, Inc. Insider Positioning

MCFT ยท NASDAQ

During the last 12 months, insiders have purchased $2.65M and sold $4.32M worth of MCFT shares, resulting in $1.67M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

134.8K

2.65M

Sold

87.8K

2.07M

Net Activity

+580K

+$580K

6-9 Months

Bought

0

0.00

Sold

103.9K

2.12M

Net Activity

-2.1M

-$2.12M

9-12 Months

Bought

0

0.00

Sold

7.2K

132.88K

Net Activity

-133K

-$133K

Top Buyers

1
CCML

Coliseum Capital Management, Llc

10 Percent Owner

134.8K sharesโ€ข3 transactions

$2.65M

Top Sellers

1
FFL

Forager Fund, L.P.

10 Percent Owner

191.7K sharesโ€ข7 transactions

$4.19M

2
NBM

Nelson Bradley M.

Director, Officer: Chief Executive Officer

4.1K sharesโ€ข1 transactions

$77K

3
OTM

Oxley Timothy M.

Officer: Chief Financial Officer

3.0K sharesโ€ข1 transactions

$56K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Slightly bearish with $1.67M net selling. Selling modestly exceeds buying, which could be routine diversification rather than concern.

Buy/Sell Ratio

0.61:1

Moderately negative ratio. Selling is roughly double the buying, which may be routine or signal caution.

Insider Participation

High Selling

3 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
3Y-
5Y-
10Y-100.0%
ย 

mcft Dividend History

MCFT
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%