Malibu Boats (MBUU) AI Stock Analysis

• Market Cap: $638.93M
• Dividend Yield: N/A
• Average Volume (3M): 181.31K
• Price to Earnings (P/E): 43.3
• Beta (1Y): 0.95
• Revenue Growth: -2.59%
• EPS Growth: N/A
• Country: US
• Employees: 2,250
• Sector: Consumer Cyclical
• Sector Strength: 83
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.42
• Shares Outstanding: 19,245,008
• 10 Day Avg. Volume: 301,504
• 30 Day Avg. Volume: 181,307
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 4.16
• Enterprise Value/Ebitda: 9.86
• 1Y Price Target: $33.50
• Price Target Upside: -0.48% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 64 Neutral
• Price Target: $34.00 ▲(1.01% Upside)

Malibu Boats' overall stock score reflects a stable financial position and strategic board appointment, but is tempered by high valuation concerns and a cautious outlook due to macroeconomic challenges. Technical indicators suggest potential for a trend reversal, but current bearish signals persist.

Positive Factors

Capital Flexibility

The company has capital flexibility with reduced capital expenditures and plans for buybacks and potential mergers and acquisitions in a fragmented market.

Financial Strategy

Malibu Boats, Inc. has a net cash balance sheet and a highly variable cost structure, which should help it preserve margins relative to peers in a downcycle.

Negative Factors

Equity Performance

The stock is down 30% year-to-date, indicating a significant decline in equity performance.

Market Segment Weakness

Malibu Boats, Inc. highlighted weakness in its saltwater segment with declines in both units and average selling prices, heavily reliant on Florida, affected by a difficult hurricane season.

Revised Guidance

FY25 guidance was cut from flat-to-low-single-digit growth to flat-to-low-single-digit decline for the year, reflecting a conservative outlook due to challenges in the ski/wake category.

Malibu Boats Business Overview & Revenue Model

Company Description

Malibu Boats, Inc. (MBUU) is a leading manufacturer of high-performance recreational boats, specializing in wake sports and water skiing. The company operates primarily in the marine industry and offers a diverse range of products, including wakeboard boats, ski boats, and surf boats. Malibu Boats is known for its innovation in design and technology, focusing on enhancing the experience of water sports enthusiasts. The company markets its products under several brand names, including Malibu and Axis, catering to both high-end and entry-level customers.

How the Company Makes Money

Malibu Boats generates revenue primarily through the sale of its boats and related accessories. The company's key revenue streams include new boat sales, which account for the majority of its earnings, as well as parts and accessories sales, which provide additional income. Additionally, Malibu Boats benefits from a network of dealerships that sell its products, contributing to revenue through dealer margins. The company also engages in financing and insurance services for its customers, further enhancing its revenue model. Strategic partnerships with suppliers and participation in various boat shows and events help to promote its brand and expand its market reach, ultimately contributing to its financial performance.

Malibu Boats Financial Statement Overview

Summary

Malibu Boats shows a stable financial position with a strong balance sheet and improving cash flow. However, the income statement reveals challenges in maintaining consistent profitability and growth, indicating moderate growth potential with some profitability concerns.

Income Statement

Malibu Boats has shown a mixed performance in recent years. The company experienced a revenue decline in 2024, followed by a modest recovery in 2025. Gross profit margins have remained relatively stable, but net profit margins have been volatile, with a significant loss in 2024. The EBIT and EBITDA margins have also fluctuated, reflecting operational challenges. Overall, the income statement indicates moderate growth potential with some profitability concerns.

Balance Sheet

The balance sheet of Malibu Boats is strong, with a low debt-to-equity ratio indicating conservative leverage. The equity ratio is healthy, and the return on equity has been positive, though it declined in 2025. The company's financial stability is supported by a solid equity base, but the declining ROE suggests potential challenges in generating returns for shareholders.

Cash Flow

Cash flow analysis shows a positive trend in free cash flow growth in 2025, recovering from a negative position in 2024. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to earnings. However, the free cash flow to net income ratio suggests variability in cash flow management. Overall, cash flow performance is stable with room for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	807.56M	807.56M	829.03M	1.39B	1.21B	926.51M
Gross Profit	144.09M	144.09M	147.09M	351.30M	310.05M	236.49M
EBITDA	60.74M	60.74M	-22.95M	278.29M	240.15M	183.59M
Net Income	14.88M	14.88M	-55.91M	104.51M	157.63M	109.84M
Balance Sheet
Total Assets	734.58M	734.58M	739.62M	925.92M	851.33M	742.78M
Cash, Cash Equivalents and Short-Term Investments	37.00M	37.00M	26.95M	78.94M	83.74M	41.48M
Total Debt	20.41M	20.41M	7.94M	2.32M	119.62M	143.28M
Total Liabilities	214.75M	214.75M	204.91M	310.17M	337.76M	361.63M
Stockholders Equity	515.46M	515.46M	530.01M	607.88M	503.17M	373.43M
Cash Flow
Free Cash Flow	28.59M	28.59M	-20.40M	129.89M	109.78M	100.64M
Operating Cash Flow	56.51M	56.51M	55.56M	184.73M	164.85M	131.31M
Investing Cash Flow	-27.37M	-27.37M	-75.84M	-54.64M	-61.62M	-181.09M
Financing Cash Flow	-18.82M	-18.82M	-31.70M	-134.57M	-60.38M	57.35M

Malibu Boats Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 33.66
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MBUU, the sentiment is Negative. The current price of 33.66 is below the 20-day moving average (MA) of 35.36, below the 50-day MA of 34.52, and below the 200-day MA of 34.20, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 26.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MBUU.

Malibu Boats Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BC	72 Outperform	$4.28B	103.51	2.85%	2.57%	-11.58%	-87.27%
MPX	72 Outperform	$323.36M	23.41	10.54%	6.16%	-21.97%	-46.09%
MCFT	71 Outperform	$368.69M	75.23	5.84%	―	-22.47%	-29.30%
MBUU	64 Neutral	$638.93M	43.29	2.85%	―	-2.59%	―
ONEW	62 Neutral	$267.00M	―	-2.85%	―	-3.02%	87.87%
Sector *	61 Neutral	$17.97B	12.87	-5.30%	2.97%	1.26%	-14.45%
PII	60 Neutral	$3.26B	69.60	-8.54%	4.51%	-16.63%	-132.70%

Malibu Boats Corporate Events

Malibu Boats Appoints Melanie Cook to Board

On June 24, 2025, Malibu Boats, Inc. announced the appointment of Melanie K. Cook to its Board of Directors, effective immediately. Ms. Cook, with extensive experience in operational leadership and global manufacturing, previously served as Chief Operating Officer of GE Appliances. Her appointment is seen as a strategic move to strengthen Malibu’s board and advance its long-term strategy. This change comes ahead of John Stokely’s retirement from the board in October 2025, after serving since February 2014.