Malibu Boats, Inc. (MBUU) vs MASTERCRAFT BOAT HOLDINGS, INC. (MCFT)

Malibu Boats, Inc. and MASTERCRAFT BOAT HOLDINGS, INC. are both Recreational Vehicles companies. Malibu Boats, Inc. and MASTERCRAFT BOAT HOLDINGS, INC. are of similar size ($495.8M and $460.9M). MASTERCRAFT BOAT HOLDINGS, INC. has negative trailing earnings, so its P/E is not meaningful; Malibu Boats, Inc. trades at 344×. MASTERCRAFT BOAT HOLDINGS, INC. grew revenue faster over the last twelve months: 22.8% against 13.3%. Malibu Boats, Inc. has the higher net margin (0.18% vs −0.48%) and the higher return on invested capital (0.31% vs −0.21%). Across the 21 metrics below, Malibu Boats, Inc. leads on 14 and MASTERCRAFT BOAT HOLDINGS, INC. on 7.

Valuation

Metric MBUU MCFT Recreational Vehicles median
P/E 344.14 n/m 17.55
P/S 0.51 1.01 0.53
P/B 0.88 0.93 0.91
Price to free cash flow 10.77 15.79 10.77
EV/EBITDA 11.86 28.98 9.09
EV/Sales 0.61 1.04 0.63
Earnings yield 0.29% (0.10%) 0.15%
Free cash flow yield 9.29% 6.33% 6.30%

Profitability

Metric MBUU MCFT Recreational Vehicles median
Gross margin 16.02% 22.87% 22.03%
Operating margin 0.34% (0.32%) 0.17%
Net margin 0.18% (0.48%) (0.15%)
Free cash flow margin 4.72% 6.41% 4.02%
Return on equity 0.32% (0.59%) 0.16%
Return on assets 0.19% (0.44%) 0.10%
Return on invested capital 0.31% (0.21%) 0.16%

Growth

Metric MBUU MCFT Recreational Vehicles median
Revenue growth (TTM) 13.25% 22.77% 4.05%
EPS growth (last fiscal year) (88.16%) (123.26%) —
Revenue growth, 5-year CAGR (0.26%) (5.62%) 4.29%
Net income growth, 5-year CAGR (56.80%) 0.00% 0.00%

Health

Metric MBUU MCFT Recreational Vehicles median
Debt to equity 0.31 0.00 0.48
Current ratio 1.43 1.56 1.81
Net debt to EBITDA 1.93 (3.50) 0.53

Dividend

Metric MBUU MCFT Recreational Vehicles median
Dividend yield — — 1.87%
Payout ratio 0.00 0.00 0.05

Size

Metric MBUU MCFT Recreational Vehicles median
Market cap 460.85m 495.79m 628.11m

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