MASTERCRAFT BOAT HOLDINGS, INC. (MCFT) vs Winnebago Industries, Inc. (WGO)

MASTERCRAFT BOAT HOLDINGS, INC. and Winnebago Industries, Inc. are both Recreational Vehicles companies. Winnebago Industries, Inc. is the larger, with a market value of $760.4M against $495.8M — 1.5× the size. MASTERCRAFT BOAT HOLDINGS, INC. has negative trailing earnings, so its P/E is not meaningful; Winnebago Industries, Inc. trades at 20.0×. MASTERCRAFT BOAT HOLDINGS, INC. grew revenue faster over the last twelve months: 22.8% against 3.44%. Winnebago Industries, Inc. has the higher net margin (1.36% vs −0.48%) and the higher return on invested capital (2.65% vs −0.21%). Across the 21 metrics below, Winnebago Industries, Inc. leads on 16 and MASTERCRAFT BOAT HOLDINGS, INC. on 5.

Valuation

Metric MCFT WGO Recreational Vehicles median
P/E n/m 19.96 17.55
P/S 1.01 0.27 0.53
P/B 0.93 0.62 0.91
Price to free cash flow 15.79 4.13 10.77
EV/EBITDA 28.98 9.23 9.09
EV/Sales 1.04 0.43 0.63
Earnings yield (0.10%) 5.01% 0.15%
Free cash flow yield 6.33% 24.23% 6.30%

Profitability

Metric MCFT WGO Recreational Vehicles median
Gross margin 22.87% 13.00% 22.03%
Operating margin (0.32%) 2.42% 0.17%
Net margin (0.48%) 1.36% (0.15%)
Free cash flow margin 6.41% 6.56% 4.02%
Return on equity (0.59%) 3.14% 0.16%
Return on assets (0.44%) 1.85% 0.10%
Return on invested capital (0.21%) 2.65% 0.16%

Growth

Metric MCFT WGO Recreational Vehicles median
Revenue growth (TTM) 22.77% 3.44% 4.05%
EPS growth (last fiscal year) (123.26%) 106.82% —
Revenue growth, 5-year CAGR (5.62%) 3.50% 4.29%
Net income growth, 5-year CAGR 0.00% (16.00%) 0.00%

Health

Metric MCFT WGO Recreational Vehicles median
Debt to equity 0.00 0.36 0.48
Current ratio 1.56 2.37 1.81
Net debt to EBITDA (3.50) 3.03 0.53

Dividend

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

Size

Metric MCFT WGO Recreational Vehicles median
Market cap 495.79m 760.43m 628.11m

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