-0.30%
4.80%
4.15%
-12.99%
8.36%
-35.53%
52.23%
AI Spotlight on HZO
Company Description
MarineMax, Inc.operates as a recreational boat and yacht retailer and superyacht services company in the United States.It operates through two segments, Retail Operations and Product Manufacturing.
The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, pontoon boats, ski boats, jet boats, and other recreational boats.It also offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment.In addition, the company provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters yachts and power catamarans.
Further, it offers new or used boat finance services; arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance coverage; and manufactures and sells sport yachts and yachts.Additionally, the company operates vacations in Tortola, British Virgin Islands.It also markets and sells its products through offsite locations and print catalog.
The company has 79 retail locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin.MarineMax, Inc.was incorporated in 1998 and is based in Clearwater, Florida.
Market Data
| Last Price | 30.34 |
| Change Percentage | -0.30% |
| Open | 30.43 |
| Previous Close | 30.43 |
| Market Cap ( Millions) | 689 |
| Volume | 197980 |
| Year High | 38.2 |
| Year Low | 22.51 |
| M A 50 | 29.73 |
| M A 200 | 30.71 |
Financial Ratios
| FCF Yield | -21.49% |
| Dividend Yield | 0.00% |
| ROE | 5.71% |
| Debt / Equity | 94.22% |
| Net Debt / EBIDTA | 435.19% |
| Price To Book | 0.69 |
| Price Earnings Ratio | 12.43 |
| Price To FCF | -4.65 |
| Price To sales | 0.29 |
| EV / EBITDA | 8.14 |
News
- 13:30 - MarineMax to Expand Marina Portfolio with the Acquisition of Shelter Bay Marine, in the Heart of the Florida Keys
- Jan -24 - MarineMax Earnings Surpass Estimates in Q1, Comps Decline Y/Y
- Jan -23 - MarineMax, Inc. (HZO) Q1 2025 Earnings Call Transcript
- Jan -23 - MarineMax (HZO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
- Jan -23 - MarineMax (HZO) Q1 Earnings Surpass Estimates
- Jan -20 - What Analyst Projections for Key Metrics Reveal About MarineMax (HZO) Q1 Earnings
- Jan -16 - MarineMax to Report First Quarter Fiscal 2025 Financial Results on Thursday, January 23, 2025
- Dec -17 - 6 Stocks To Consider Buying Before Year-End
- Dec -16 - Levin Capital Calls for MarineMax to Initiate Immediate Review of Strategic Alternatives
- Dec -16 - New Strong Sell Stocks for November 16th
- Dec -04 - MarineMax Shareholders' Stockings are Likely to be Empty this Holiday Season per Island Capital Group
- Nov -29 - MarineMax: Undervalued Long-Term Potential After Hurricane Impact
- Nov -01 - MarineMax, Inc. (HZO) Q4 2024 Earnings Call Transcript
- Oct -31 - Here's What Key Metrics Tell Us About MarineMax (HZO) Q4 Earnings
- Oct -31 - MarineMax (HZO) Q4 Earnings Top Estimates
- Oct -31 - MarineMax Reports Fiscal 2024 Fourth Quarter and Full Year Results
- Oct -03 - MarineMax Provides Update on Impact from Hurricane Helene
- Oct -01 - 4 Retail-Miscellaneous Stocks to Seize Opportunities Amid Industry Woes
- Sep -17 - Steven English Named Chief Executive Officer of IGY Marinas
- Sep -10 - Workday, Buckle And 2 Other Stocks Executives Are Selling
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Retail Operations
Expected Growth : 3 %
What the company do ?
MarineMax, Inc.'s Retail Operations segment involves the sale of new and used boats, as well as related marine products and services, through its dealerships and online platforms.
Why we expect these perspectives ?
MarineMax's 3% growth in Retail Operations is driven by increasing demand for luxury boats and yachts, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on providing exceptional customer experiences, investing in digital marketing, and optimizing its dealership network have contributed to the growth.
Segment n°2 -> Product Manufacturing
Expected Growth : 5 %
What the company do ?
Product Manufacturing from MarineMax, Inc. refers to the design, production, and distribution of boats and yachts, offering a range of marine products and services.
Why we expect these perspectives ?
MarineMax, Inc.'s 5% growth in product manufacturing is driven by increasing demand for recreational boats and yachts, fueled by rising disposable incomes and a growing middle class. Additionally, the company's strategic expansion into new markets, innovative product offerings, and cost-saving initiatives have contributed to the growth.
Segment n°3 -> Elimination of Intersegment Revenue
Expected Growth : 0 %
What the company do ?
Elimination of Intersegment Revenue from MarineMax, Inc. refers to the removal of revenue generated from transactions between different business segments within the company to avoid double counting and present a more accurate financial picture.
Why we expect these perspectives ?
MarineMax, Inc.'s elimination of intersegment revenue with 0% growth is driven by stagnant sales in its boat segment, lack of innovation in product offerings, and intense competition in the marine industry, resulting in flat revenue growth.
Marinemax, Inc. Products
| Product Range | What is it ? |
|---|---|
| New and Pre-Owned Boats | MarineMax offers a wide range of new and pre-owned boats from top manufacturers, including Azimut, Boston Whaler, and Sea Ray. |
| Yacht and Sailboat Sales | MarineMax provides a selection of luxury yachts and sailboats from brands like Azimut, Galeon, and Jeanneau. |
| Marine Equipment and Accessories | MarineMax offers a variety of marine equipment and accessories, including engines, electronics, and safety gear. |
| Boat Storage and Maintenance | MarineMax provides storage and maintenance services for boats, including winterization, detailing, and repair. |
| Boat Rentals and Charters | MarineMax offers boat rentals and charters for individuals and groups, providing access to a range of vessels for a day or longer. |
| Boating Education and Training | MarineMax provides boating education and training programs, including certification courses and on-water training. |
MarineMax, Inc.'s Porter Forces
Threat Of Substitutes
MarineMax, Inc. faces moderate threat from substitutes, as customers have limited alternatives for purchasing boats and yachts. However, the company's strong brand reputation and wide range of products help mitigate this threat.
Bargaining Power Of Customers
MarineMax, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong relationships with suppliers and manufacturers help maintain pricing power.
Bargaining Power Of Suppliers
MarineMax, Inc. relies on a few large suppliers for its products, which gives them some bargaining power. However, the company's long-term relationships and large order volumes help mitigate this threat.
Threat Of New Entrants
The recreational boat industry has high barriers to entry, including significant capital requirements and complex regulatory compliance. This makes it difficult for new entrants to compete with established players like MarineMax, Inc.
Intensity Of Rivalry
The recreational boat industry is highly competitive, with several established players competing for market share. MarineMax, Inc. must continually innovate and improve its offerings to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 54.43% |
| Debt Cost | 6.57% |
| Equity Weight | 45.57% |
| Equity Cost | 12.84% |
| WACC | 9.43% |
| Leverage | 119.44% |
MarineMax, Inc. : Quality Control
MarineMax, Inc. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SBH | Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally … |
| RVLV | Revolve Group, Inc. operates as an online fashion retailer for consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform … |
| IPW | iPower Inc. engages in the online retail of hydroponics equipment in the United States. It offers various products, including advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, … |
| QRTEA | Qurate Retail, Inc., together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily … |
| TDUP | ThredUp Inc., together with its subsidiaries, operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. ThredUp Inc. was incorporated in … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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MarineMax
A-Score
1-Year Total Return ->
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Revolve
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1-Year Total Return ->
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Sally Beauty Holdings
A-Score
1-Year Total Return ->
4
iPower
A-Score
1-Year Total Return ->
5
Qurate Retail
A-Score
1-Year Total Return ->
6
