Marine Products Financials

MPX Stock  USD 11.75  0.32  2.80%   
Based on the key indicators related to Marine Products' liquidity, profitability, solvency, and operating efficiency, Marine Products may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Marine Products' Deferred Long Term Asset Charges is fairly stable compared to the past year. Cash And Equivalents is likely to rise to about 52.1 M in 2024, whereas Total Assets are likely to drop slightly above 117.6 M in 2024. Key indicators impacting Marine Products' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.110.1087
Fairly Up
Slightly volatile
Return On Assets0.120.2151
Way Down
Slightly volatile
Return On Equity0.150.2751
Way Down
Slightly volatile
Operating Income49.5 M47.2 M
Sufficiently Up
Slightly volatile
Current Ratio3.146.1703
Way Down
Slightly volatile
The financial analysis of Marine Products is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Marine Products includes many different criteria found on its balance sheet. For example, investors should never minimize Marine Products' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Marine Products' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Marine Products.

Cash And Equivalents

52.13 Million

With this module, you can analyze Marine financials for your investing period. You should be able to track the changes in Marine Products individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Marine Products Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Marine Products' financial statements are interrelated, with each one affecting the others. For example, an increase in Marine Products' assets may result in an increase in income on the income statement.
Evaluating Marine Products' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Marine Products' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Marine Products' relative financial performance

Chance Of Distress

Less than 5

 
100  
 
Zero
Very Low
Marine Products has less than 5 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Marine Products stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Marine Products' odds of distress score SHOULD NOT be confused with the real chance of Marine Products filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Marine is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Marine Products' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Marine Products' official financial statements usually reflect Marine Products' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Marine Products. For example, before you start analyzing numbers published by Marine accountants, it's critical to develop an understanding of what Marine Products' liquidity, profitability, and earnings quality are in the context of the Leisure Products space in which it operates.
Please note, the presentation of Marine Products' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Marine Products' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Marine Products' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Marine Products. Please utilize our Beneish M Score to check the likelihood of Marine Products' management manipulating its earnings.

Marine Products Company Summary

Marine Products competes with Ralph Lauren, Under Armour, Dogness International, Singing Machine, and Twin Vee. Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia. Marine Products operates under Recreational Vehicles classification in the United States and is traded on New York Stock Exchange. It employs 880 people.
Specialization
Consumer Discretionary, Consumer Durables & Apparel
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0001129155
ISINUS5684271084
CUSIP568427108
RegionNorth America
LocationGeorgia; U.S.A
Business Address2801 Buford Highway
SectorLeisure Products
IndustryConsumer Discretionary
BenchmarkNYSE Composite
Websitewww.marineproductscorp.com
Phone404 321 7910
CurrencyUSD - US Dollar
You should never invest in Marine Products without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Marine Stock, because this is throwing your money away. Analyzing the key information contained in Marine Products' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Marine Products Key Financial Ratios

Generally speaking, Marine Products' financial ratios allow both analysts and investors to convert raw data from Marine Products' financial statements into concise, actionable information that can be used to evaluate the performance of Marine Products over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Marine Products reports annually and quarterly.

Marine Products Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets104.8M119.4M132.8M163.7M193.8M117.6M
Other Assets15.1M84.7M21.6M19.7M1.00.95
Inventory41.6M42.3M73.3M73.0M61.6M35.4M
Total Liab27.6M34.9M34.3M39.3M42.2M23.9M
Total Current Assets70.9M80.5M93.1M125.0M139.2M146.2M
Other Current Liab713K1.6M1.0M13.3M16.5M17.3M
Net Debt(19.6M)(31.5M)(14.0M)(42.9M)(71.7M)(68.1M)
Accounts Payable3.9M6.1M6.8M8.3M6.1M4.5M
Cash19.8M31.6M14.1M43.2M72.0M75.5M
Net Receivables7.5M4.7M3.3M5.4M2.8M3.9M
Other Current Assets2.1M1.9M2.5M3.4M2.8M2.3M
Retained Earnings76.6M83.1M97.7M123.0M148.1M83.2M
Other Liab10.4M13.2M16.2M15.6M17.9M18.8M
Short Term Debt12.1M12.8M9.0M57K(654.0K)(621.3K)
Net Tangible Assets73.4M80.7M94.8M120.6M138.7M89.5M
Cash And Equivalents19.8M31.6M14.1M43.2M49.6M52.1M

Marine Products Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Marine Products' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense2.1M2.4M2.0M338K90K85.5K
Total Revenue292.1M239.8M298.0M381.0M383.7M229.5M
Gross Profit65.4M53.6M68.3M93.7M90.4M51.0M
Operating Income34.1M24.4M36.4M51.8M47.2M49.5M
Ebit34.1M24.4M36.4M51.8M47.2M49.5M
Ebitda36.2M26.3M38.2M53.7M49.6M24.9M
Cost Of Revenue226.7M186.2M229.7M287.3M293.4M178.5M
Income Before Tax34.5M24.5M36.4M52.1M52.1M30.1M
Net Income28.2M19.4M29.0M40.3M41.7M43.8M
Income Tax Expense6.2M5.0M7.4M11.8M10.4M6.9M
Research Development730K751K776K437K757K866.4K
Tax Provision6.2M5.0M7.4M11.8M12.5M9.0M
Interest Income323K95K16K338K2.4M2.5M
Net Interest Income323K95K16K338K2.4M2.5M

Marine Products Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Marine Products. It measures of how well Marine is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Marine Products brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Marine had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Marine Products has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash11.1M11.8M(17.5M)29.1M28.8M30.2M
Free Cash Flow31.6M27.8M(791K)46.8M46.7M49.0M
Other Non Cash Items(5K)616K(48.7M)1.2M(1.5M)(1.6M)
Capital Expenditures2.3M2.1M1.2M2.5M10.2M10.7M
Net Income28.2M19.4M29.0M40.3M41.7M43.8M
End Period Cash Flow19.8M31.6M14.1M43.2M72.0M75.5M
Change To Inventory5.2M(757K)(31.0M)246K11.4M12.0M
Depreciation2.1M2.0M1.8M1.9M2.4M1.4M
Dividends Paid19.8M13.6M15.6M17.1M(19.3M)(18.3M)
Change To Netincome1.5M3.4M2.1M2.1M2.4M2.0M
Investments7.7M(2.1M)(1.2M)(2.5M)(8.4M)(8.8M)
Change Receivables(821K)(2.7M)1.9M1.4M1.7M1.7M

Marine Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Marine Products's current stock value. Our valuation model uses many indicators to compare Marine Products value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Marine Products competition to find correlations between indicators driving Marine Products's intrinsic value. More Info.
Marine Products is considered to be number one stock in short ratio category among related companies. It is regarded third in number of employees category among related companies creating about  159.35  of Number Of Employees per Short Ratio. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Marine Products by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Marine Products' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Marine Products' earnings, one of the primary drivers of an investment's value.

Marine Products Systematic Risk

Marine Products' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Marine Products volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Marine Products correlated with the market. If Beta is less than 0 Marine Products generally moves in the opposite direction as compared to the market. If Marine Products Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Marine Products is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Marine Products is generally in the same direction as the market. If Beta > 1 Marine Products moves generally in the same direction as, but more than the movement of the benchmark.

About Marine Products Financials

What exactly are Marine Products Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Marine Products' income statement, its balance sheet, and the statement of cash flows. Potential Marine Products investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Marine Products investors may use each financial statement separately, they are all related. The changes in Marine Products's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Marine Products's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Marine Products Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Marine Products is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Marine has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Marine Products' financials are consistent with your investment objective using the following steps:
  • Review Marine Products' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Marine Products' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Marine Products' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Marine Products' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Marine Products Thematic Clasifications

Marine Products is part of several thematic ideas from Recreation to Cars. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Marine Products Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Marine Products' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Marine Products growth as a starting point in their analysis.

Price Earnings To Growth Ratio

5.74

At this time, Marine Products' Price Earnings To Growth Ratio is fairly stable compared to the past year.

Marine Products March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Marine Products help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Marine Products. We use our internally-developed statistical techniques to arrive at the intrinsic value of Marine Products based on widely used predictive technical indicators. In general, we focus on analyzing Marine Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Marine Products's daily price indicators and compare them against related drivers.
When determining whether Marine Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Marine Products' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Marine Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Marine Products Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Marine Products' price analysis, check to measure Marine Products' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Marine Products is operating at the current time. Most of Marine Products' value examination focuses on studying past and present price action to predict the probability of Marine Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marine Products' price. Additionally, you may evaluate how the addition of Marine Products to your portfolios can decrease your overall portfolio volatility.
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Is Marine Products' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Marine Products. If investors know Marine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Marine Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.55)
Dividend Share
0.56
Earnings Share
1.21
Revenue Per Share
11.141
Quarterly Revenue Growth
(0.35)
The market value of Marine Products is measured differently than its book value, which is the value of Marine that is recorded on the company's balance sheet. Investors also form their own opinion of Marine Products' value that differs from its market value or its book value, called intrinsic value, which is Marine Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Marine Products' market value can be influenced by many factors that don't directly affect Marine Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Marine Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Marine Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marine Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.