Malibu Boats, Inc. engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands. Its products are used for a range of recreational boating activities, including water sports, such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. The company sells its products through independent dealers in North America, Europe, Asia, the Middle East, South America, South Africa, and Australia/New Zealand. Malibu Boats, Inc. was founded in 1982 and is headquartered in Loudon, Tennessee.
Copypaste from Yahoo.
So they make BOATS, and they must make good boats because they are growing like crazy these past years: 315% 5 years sales growth, 700% 5 years EPS Growth.
The stock price was doing GREAT before 2022. From 30$ in 2019 to 89$ in 2021. Now they trade at 57$.
Have their fundamentals gotten worse since 2021? Let's see:
Q1 2022 Earnings:
26% Revenue Growth YoY
54% Operating Income Growth YoY
44% Increase in Working Capital
21% P/B ratio
P/B ratio from 2.94(Q1 2021) to 2.54(Q1 2022)
So they are doing good. What do analysts forecast?
Out of 9 analysts, the average forecast for 2023 is:
10% Sales Growth
8% Net Profit Growth
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