Malibu Boats, Inc. (MBUU) vs Winnebago Industries, Inc. (WGO)

Malibu Boats, Inc. and Winnebago Industries, Inc. are both Recreational Vehicles companies. Winnebago Industries, Inc. is the larger, with a market value of $760.4M against $460.9M — 1.7× the size. Winnebago Industries, Inc. trades at the lower P/E: 20.0× against 344×. Malibu Boats, Inc. grew revenue faster over the last twelve months: 13.3% against 3.44%. Winnebago Industries, Inc. has the higher net margin (1.36% vs 0.18%) and the higher return on invested capital (2.65% vs 0.31%). Across the 22 metrics below, Winnebago Industries, Inc. leads on 18 and Malibu Boats, Inc. on 4.

Valuation

Metric MBUU WGO Recreational Vehicles median
P/E 344.14 19.96 17.55
P/S 0.51 0.27 0.53
P/B 0.88 0.62 0.91
Price to free cash flow 10.77 4.13 10.77
EV/EBITDA 11.86 9.23 9.09
EV/Sales 0.61 0.43 0.63
Earnings yield 0.29% 5.01% 0.15%
Free cash flow yield 9.29% 24.23% 6.30%

Profitability

Metric MBUU WGO Recreational Vehicles median
Gross margin 16.02% 13.00% 22.03%
Operating margin 0.34% 2.42% 0.17%
Net margin 0.18% 1.36% (0.15%)
Free cash flow margin 4.72% 6.56% 4.02%
Return on equity 0.32% 3.14% 0.16%
Return on assets 0.19% 1.85% 0.10%
Return on invested capital 0.31% 2.65% 0.16%

Growth

Metric MBUU WGO Recreational Vehicles median
Revenue growth (TTM) 13.25% 3.44% 4.05%
EPS growth (last fiscal year) (88.16%) 106.82% —
Revenue growth, 5-year CAGR (0.26%) 3.50% 4.29%
Net income growth, 5-year CAGR (56.80%) (16.00%) 0.00%

Health

Metric MBUU WGO Recreational Vehicles median
Debt to equity 0.31 0.36 0.48
Current ratio 1.43 2.37 1.81
Net debt to EBITDA 1.93 3.03 0.53

Dividend

Metric MBUU WGO Recreational Vehicles median
Dividend yield — 1.85% 1.87%
Payout ratio 0.00 0.13 0.05

Size

Metric MBUU WGO Recreational Vehicles median
Market cap 460.85m 760.43m 628.11m

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