image
Consumer Cyclical - Auto - Recreational Vehicles - NYSE - US
$ 9.7
-1.12 %
$ 337 M
Market Cap
18.3
P/E
1. INTRINSIC VALUE

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats, and SSi and SSX outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a network of 206 domestic and 92 international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.[ Read More ]

The intrinsic value of one MPX stock under the base case scenario is HIDDEN Compared to the current market price of 9.7 USD, Marine Products Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MPX

image
FINANCIALS
384 M REVENUE
0.72%
49.2 M OPERATING INCOME
-5.01%
41.7 M NET INCOME
3.34%
56.8 M OPERATING CASH FLOW
15.19%
-7.87 M INVESTING CASH FLOW
-214.84%
-20.2 M FINANCING CASH FLOW
-13.58%
49.8 M REVENUE
-28.32%
3.59 M OPERATING INCOME
-30.29%
3.4 M NET INCOME
-30.05%
5.14 M OPERATING CASH FLOW
34.62%
-1.86 M INVESTING CASH FLOW
-139.33%
-4.88 M FINANCING CASH FLOW
83.25%
Balance Sheet Decomposition Marine Products Corporation
image
Current Assets 139 M
Cash & Short-Term Investments 72 M
Receivables 2.84 M
Other Current Assets 64.5 M
Non-Current Assets 54.6 M
Long-Term Investments 0
PP&E 22.5 M
Other Non-Current Assets 32.1 M
Current Liabilities 22.6 M
Accounts Payable 6.07 M
Short-Term Debt 0
Other Current Liabilities 16.5 M
Non-Current Liabilities 19.6 M
Long-Term Debt 220 K
Other Non-Current Liabilities 19.4 M
EFFICIENCY
Earnings Waterfall Marine Products Corporation
image
Revenue 384 M
Cost Of Revenue 293 M
Gross Profit 90.4 M
Operating Expenses 41.2 M
Operating Income 49.2 M
Other Expenses 7.51 M
Net Income 41.7 M
RATIOS
23.55% GROSS MARGIN
23.55%
12.82% OPERATING MARGIN
12.82%
10.87% NET MARGIN
10.87%
27.51% ROE
27.51%
21.51% ROA
21.51%
25.99% ROIC
25.99%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Marine Products Corporation
image
Net Income 41.7 M
Depreciation & Amortization 2.42 M
Capital Expenditures -10.2 M
Stock-Based Compensation 3.71 M
Change in Working Capital 13.7 M
Others 393 K
Free Cash Flow 46.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Marine Products Corporation
image
MPX has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.48% DIVIDEND YIELD
0.14 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Marine Products Corporation
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 years ago
Mar 10, 2021
Sell 44.9 K USD
PALMER BEN M
VP, CFO and Corp Secy
- 2418
18.55 USD
3 years ago
Mar 11, 2021
Sell 66.1 K USD
PALMER BEN M
VP, CFO and Corp Secy
- 3582
18.44 USD
3 years ago
Jan 29, 2021
Bought 33 K USD
Gunning Patrick J.
Director
+ 2000
16.4945 USD
3 years ago
Jan 29, 2021
Bought 16.4 K USD
Bell Susan R.
Director
+ 1000
16.37 USD
3 years ago
Jan 28, 2021
Bought 24.7 K USD
Bell Susan R.
Director
+ 1500
16.44 USD
3 years ago
Jan 28, 2021
Bought 12.2 K USD
CYNKUS HARRY J
Director
+ 750
16.2 USD
6 years ago
May 25, 2018
Sell 29.8 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 1800
16.5423 USD
6 years ago
May 29, 2018
Sell 27.7 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 1687
16.4078 USD
6 years ago
May 18, 2018
Sell 109 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 6660
16.3457 USD
6 years ago
May 21, 2018
Sell 8.41 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 513
16.402 USD
6 years ago
May 16, 2018
Sell 15.3 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 940
16.2732 USD
6 years ago
May 17, 2018
Sell 13 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 800
16.3049 USD
6 years ago
May 11, 2018
Sell 20.6 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 1300
15.8681 USD
6 years ago
May 14, 2018
Sell 20.8 K USD
PALMER BEN M
VP, CFO, & Corporate Secretary
- 1300
16.0331 USD
7 years ago
Aug 25, 2017
Bought 59.5 K USD
Rollins Pam R
Director
+ 3930
15.1355 USD
7 years ago
Aug 24, 2017
Bought 74 K USD
Rollins Pam R
Director
+ 4966
14.911 USD
7 years ago
Aug 23, 2017
Bought 16.4 K USD
Rollins Pam R
Director
+ 1104
14.849 USD
7 years ago
Jun 12, 2017
Sell 71.8 K USD
PALMER BEN M
VP, CFO and Treasurer
- 5000
14.3526 USD
7 years ago
Jun 08, 2017
Sell 70.1 K USD
PALMER BEN M
VP, CFO and Treasurer
- 5000
14.0273 USD
7 years ago
Jun 09, 2017
Sell 120 K USD
PALMER BEN M
VP, CFO and Treasurer
- 8500
14.0658 USD
7 years ago
Jun 02, 2017
Sell 35.7 K USD
PALMER BEN M
VP, CFO and Treasurer
- 2500
14.2704 USD
7 years ago
May 17, 2017
Bought 36.9 K USD
Rollins Timothy Curtis
Director
+ 2909
12.6728 USD
7 years ago
May 16, 2017
Bought 26.5 K USD
Rollins Timothy Curtis
Director
+ 2091
12.6775 USD
10 years ago
Nov 07, 2014
Bought 24.1 K USD
PRINCE LARRY L
Director
+ 3000
8.0278 USD
10 years ago
Jun 17, 2014
Sell 775 K USD
LANE JAMES A JR
Executive Vice President
- 100000
7.75 USD
15 years ago
May 29, 2009
Bought 86.2 K USD
PALMER BEN M
VP, CFO and Treasurer
+ 25000
3.45 USD
16 years ago
Sep 18, 2008
Sell 167 K USD
LANE JAMES A JR
Executive Vice President
- 20000
8.35 USD
16 years ago
Sep 18, 2008
Sell 132 K USD
LANE JAMES A JR
Executive Vice President
- 15429
8.5316 USD
16 years ago
Sep 18, 2008
Sell 2.61 K USD
LANE JAMES A JR
Executive Vice President
- 300
8.7 USD
16 years ago
Sep 19, 2008
Sell 8.03 K USD
LANE JAMES A JR
Executive Vice President
- 900
8.9275 USD
16 years ago
Sep 19, 2008
Sell 33.9 K USD
LANE JAMES A JR
Executive Vice President
- 3800
8.92 USD
16 years ago
Sep 19, 2008
Sell 2.67 K USD
LANE JAMES A JR
Executive Vice President
- 300
8.9 USD
16 years ago
Sep 19, 2008
Sell 36.7 K USD
LANE JAMES A JR
Executive Vice President
- 4271
8.5887 USD
16 years ago
Sep 22, 2008
Sell 2.66 K USD
LANE JAMES A JR
Executive Vice President
- 300
8.85 USD
16 years ago
Sep 22, 2008
Sell 41.1 K USD
LANE JAMES A JR
Executive Vice President
- 4700
8.755 USD
16 years ago
Jul 28, 2008
Sell 12 K USD
LANE JAMES A JR
Executive Vice President
- 1500
8 USD
16 years ago
Jul 29, 2008
Sell 20.3 K USD
LANE JAMES A JR
Executive Vice President
- 2500
8.1368 USD
16 years ago
Jul 29, 2008
Sell 16.4 K USD
LANE JAMES A JR
Executive Vice President
- 2036
8.0354 USD
16 years ago
Jul 29, 2008
Sell 11.4 K USD
LANE JAMES A JR
Executive Vice President
- 1464
7.8012 USD
7. News
Marine Products Corporation (MPX) Q3 2024 Earnings Call Transcript Marine Products Corporation (NYSE:MPX ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning. seekingalpha.com - 3 weeks ago
Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend ATLANTA , Oct. 24, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. prnewswire.com - 3 weeks ago
Chaparral and Robalo Boats Form Exclusive Agreement with Yamaha Financial Services KENNESAW, Ga.--(BUSINESS WIRE)--Chaparral and Robalo Boats, in partnership with Yamaha Motor Finance Corporation, U.S.A. (Yamaha Financial Services), are excited to announce a new multi-year exclusive financing agreement. Beginning January 1, 2025, Yamaha Financial Services will become the exclusive provider of dealer inventory finance and the preferred provider of retail finance for both Chaparral and Robalo Boats in the U.S.A. and Canada. By leveraging robust finance programs and protection p. businesswire.com - 1 month ago
Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call ATLANTA , Oct. 7, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, October 24, 2024 at 8:00 a.m. prnewswire.com - 1 month ago
Marine Products: In The Midst Of A Rough Patch But Still Profitable The current company's quarterly dividend represents an annual dividend yield of close to 6%. Earlier this year, the company paid a massive special dividend in combination with the regular quarterly dividend, for a total of $0.84 per share. The company now experiences a down cycle, but still manages to remain profitable. seekingalpha.com - 2 months ago
Marine Products Corporation Reports Second Quarter 2024 Financial Results And Declares Regular Quarterly Dividend ATLANTA , July 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the second quarter ended June 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. prnewswire.com - 3 months ago
Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call ATLANTA , July 10, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 2024 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, July 25, 2024 at 8:00 a.m. prnewswire.com - 4 months ago
Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade) MPX's revenue declines in Q4 and Q1 have been deeper than previously anticipated as industry challenges persist. Excess dealership inventories and weak consumer confidence continue to ravage demand, but an eventual industry recovery should happen with interest rates playing a key role. Despite the challenges, MPX has maintained high margins and has a strong balance sheet leaving potential for M&A or excess capital distribution. seekingalpha.com - 5 months ago
Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript seekingalpha.com - 6 months ago
Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend ATLANTA , April 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the first quarter ended March 31, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. prnewswire.com - 6 months ago
Marine Products Corporation Announces Date for First Quarter 2024 Financial Results and Conference Call ATLANTA , April 4, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2024 on Thursday, April 25, 2024 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, April 25, 2024 at 8:00 a.m. prnewswire.com - 7 months ago
The Bottom Fishing Club: Possibly The Lowest Valuation Ever For Marine Products Marine Products is a Georgia-based manufacturer of smaller fishing and seaside excursion boats, with a leading market position. The company has enjoyed strong returns and margins since 2021, with zero debt and plenty of cash on hand currently. A record-low valuation and conservative financial position have created an attractive investment opportunity in MPX. seekingalpha.com - 7 months ago
8. Profile Summary

Marine Products Corporation MPX

image
COUNTRY US
INDUSTRY Auto - Recreational Vehicles
MARKET CAP $ 337 M
Dividend Yield 1.48%
Description Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats, and SSi and SSX outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a network of 206 domestic and 92 international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.
Contact 2801 Buford Highway NE, Atlanta, GA, 30329 https://www.marineproductscorp.com
IPO Date March 1, 2001
Employees 690
Officers Mr. James C. Landers Vice President of Corporate Finance Ms. Sharon A. Lennon Manager of Investor Relations & Corporate Communications Mr. Richard A. Hubbell Executive Chairman Mr. Ben M. Palmer President, Chief Executive Officer & Director