MarineMax Inc. (FL)
Find Ratings ReportsMARINEMAX INC's gross profit margin for the first quarter of its fiscal year 2024 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. MARINEMAX INC has very weak liquidity. Currently, the Quick Ratio is 0.33 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 13.89% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q1 FY24 | Q1 FY23 |
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Net Sales ($mil) | 527.27 | 507.93 |
EBITDA ($mil) | 30.15 | 54.2 |
EBIT ($mil) | 19.22 | 45.08 |
Net Income ($mil) | 0.93 | 19.69 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 210.32 | 177.77 |
Total Assets ($mil) | 2526.51 | 2113.28 |
Total Debt ($mil) | 1215.52 | 920.45 |
Equity ($mil) | 925.1 | 812.22 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 35.35 | 38.59 |
EBITDA Margin | 5.71 | 10.66 |
Operating Margin | 3.64 | 8.87 |
Sales Turnover | 0.96 | 1.11 |
Return on Assets | 3.58 | 8.59 |
Return on Equity | 9.79 | 22.38 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 1.28 | 1.35 |
Debt/Capital | 0.57 | 0.53 |
Interest Expense | 18.37 | 9.48 |
Interest Coverage | 1.05 | 4.75 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 22.3 | 21.85 |
Div / share | 0.0 | 0.0 |
EPS | 0.04 | 0.89 |
Book value / share | 41.49 | 37.17 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 296586.0 | 279835.0 |
HOLD. MARINEMAX INC's P/E ratio indicates a significant discount compared to an average of 31.04 for the Motor Vehicle and Parts Dealers subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.72 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.33. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, MARINEMAX INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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HZO 7.35 | Peers 31.04 | HZO NM | Peers 17.67 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. HZO is trading at a significant discount to its peers. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. HZO's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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HZO 7.41 | Peers 18.52 | HZO NM | Peers 2.06 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. HZO is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. HZO's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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HZO 0.72 | Peers 6.33 | HZO -50.50 | Peers 17.49 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. HZO is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, HZO is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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HZO 0.27 | Peers 2.45 | HZO 3.01 | Peers 13.22 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. HZO is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. HZO significantly trails its peers on the basis of sales growth. |
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