Malibu Boats, Inc. (MBUU) vs Patrick Industries, Inc. (PATK)

Malibu Boats, Inc. and Patrick Industries, Inc. are both Recreational Vehicles companies. Patrick Industries, Inc. is the larger, with a market value of $2.2B against $460.9M — 4.7× the size. Patrick Industries, Inc. trades at the lower P/E: 15.0× against 344×. Malibu Boats, Inc. grew revenue faster over the last twelve months: 13.3% against 3.20%. Patrick Industries, Inc. has the higher net margin (3.74% vs 0.18%) and the higher return on invested capital (6.58% vs 0.31%). Across the 22 metrics below, Patrick Industries, Inc. leads on 13 and Malibu Boats, Inc. on 9.

Valuation

Metric MBUU PATK Recreational Vehicles median
P/E 344.14 15.02 17.55
P/S 0.51 0.55 0.53
P/B 0.88 1.93 0.91
Price to free cash flow 10.77 23.77 10.77
EV/EBITDA 11.86 8.13 9.09
EV/Sales 0.61 0.91 0.63
Earnings yield 0.29% 6.66% 0.15%
Free cash flow yield 9.29% 4.21% 6.30%

Profitability

Metric MBUU PATK Recreational Vehicles median
Gross margin 16.02% 23.06% 22.03%
Operating margin 0.34% 6.74% 0.17%
Net margin 0.18% 3.74% (0.15%)
Free cash flow margin 4.72% 3.31% 4.02%
Return on equity 0.32% 12.95% 0.16%
Return on assets 0.19% 4.68% 0.10%
Return on invested capital 0.31% 6.58% 0.16%

Growth

Metric MBUU PATK Recreational Vehicles median
Revenue growth (TTM) 13.25% 3.20% 4.05%
EPS growth (last fiscal year) (88.16%) (5.11%) —
Revenue growth, 5-year CAGR (0.26%) 9.70% 4.29%
Net income growth, 5-year CAGR (56.80%) 6.83% 0.00%

Health

Metric MBUU PATK Recreational Vehicles median
Debt to equity 0.31 1.25 0.48
Current ratio 1.43 2.67 1.81
Net debt to EBITDA 1.93 2.81 0.53

Dividend

Metric MBUU PATK Recreational Vehicles median
Dividend yield — 1.75% 1.87%
Payout ratio 0.00 0.23 0.05

Size

Metric MBUU PATK Recreational Vehicles median
Market cap 460.85m 2.18b 628.11m

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