Malibu Boats (MBUU)
NASDAQ:MBUU
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Malibu Boats
(NASDAQ:MBUU)
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Rating:57Neutral
Price Target:
$25.00
▲(1.09% Upside)
Action:ReiteratedDate:03/02/26
MBUU scores as neutral: the strongest support comes from its low-leverage balance sheet and stabilized (positive) cash generation, but this is offset by materially compressed profitability, soft revenue/volume trends reflected in management’s cautious FY2026 outlook, and weak technical momentum. Valuation is also a headwind given the elevated P/E, partially balanced by shareholder-friendly actions and the strategically positive Saxdor acquisition.
Positive Factors
Low-leverage balance sheet
Extremely low debt provides durable financial flexibility: it reduces refinancing risk during cyclical downturns, preserves capacity for M&A and capital returns, and supports funding for product investment or working capital without stressing margins or forcing dilutive financing.
Negative Factors
Compressed margins and weak profitability
Material margin deterioration reduces earnings power and limits reinvestment and buffer against future cost shocks. Even with operational initiatives, lower gross and net margins make returns more cyclical and increase sensitivity to volume declines or pricing pressure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low-leverage balance sheet
Extremely low debt provides durable financial flexibility: it reduces refinancing risk during cyclical downturns, preserves capacity for M&A and capital returns, and supports funding for product investment or working capital without stressing margins or forcing dilutive financing.
Read all positive factors
Malibu Boats (MBUU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$460.60M
Dividend YieldN/A
Average Volume (3M)255.69K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue Growth11.54%
EPS GrowthN/A
CountryUS
Employees2,250
SectorGeneral
Sector StrengthN/A
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-0.02
Shares Outstanding18,602,524
10 Day Avg. Volume212,892
30 Day Avg. Volume255,690
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)1.20
Price to Sales (P/S)0.76
P/FCF Ratio21.56
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue0.58
Enterprise Value/Gross Profit3.68
Enterprise Value/Ebitda7.86
Forecast
1Y Price Target
$30.00Price Target Upside21.31% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)1.21
Revenue Forecast (FY)$808.22M
Malibu Boats Business Overview & Revenue Model
Company Description
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,...
How the Company Makes Money
Malibu Boats makes money primarily by manufacturing boats and selling them through a network of independent dealers. Its largest revenue stream is the sale of new boats across its portfolio of brands and models; revenue is recognized based on the ...
Malibu Boats Key Performance Indicators (KPIs)
Malibu Boats Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture. Operationally and strategically the company highlighted several positive elements — product recognition, new model rollouts, early traction on retail financing and OEM components, continued cost-control initiatives, positive free cash flow, and an active share-repurchase program — and management maintained guidance with an expectation of margin recovery later in the year. However, these positives were offset by material near-term financial pressures: unit volumes and net sales declined, gross profit and adjusted EBITDA dropped sharply (32.9% and 52.5%, respectively), the company reported a GAAP net loss, and margin headwinds from higher per-unit labor/material costs, promotions, unfavorable mix, and tariff exposure remain evident. Overall, the strategic and cash-strength highlights are meaningful but do not fully offset the pronounced profitability and volume deterioration reported for the quarter.Positive Updates
Net Sales Ahead of Expectations
Reported net sales of $188.6 million beat management expectations for the quarter, demonstrating resilience in a challenging retail environment despite a year-over-year decline of 5.8%.
Negative Updates
Decline in Unit Volume
Unit volume decreased 9.5% year-over-year to 1,106 units, reflecting softer wholesale shipments and lower retail demand across segments.
Read all updates
Q2-2026 Updates
Positive
Negative
Net Sales Ahead of Expectations
Reported net sales of $188.6 million beat management expectations for the quarter, demonstrating resilience in a challenging retail environment despite a year-over-year decline of 5.8%.
Read all positive updates
Company Guidance
Management guided that the broader marine market is expected to decline mid‑ to high‑single digits in fiscal 2026 and that Malibu’s full‑year net sales should be flat to down mid‑single digits year‑over‑year, with Q3 net sales expected at $198–$202 million; they forecast consolidated adjusted EBITDA margin of 8%–9% for the full year (approximately 8.5% in Q3) and continue to model a modest tariff impact of 1.5%–3.0% of cost of sales, expect some channel destocking and pressure on ASPs from unfavorable segment mix, and highlighted capital allocation actions including expanding the share repurchase authorization to $70 million (having repurchased $20.8 million, ~751,000 shares, in Q2).Malibu Boats Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
82
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 819.06M | 807.56M | 829.03M | 1.39B | 1.21B | 926.51M |
| Gross Profit | 129.80M | 144.09M | 147.09M | 351.30M | 310.05M | 236.49M |
| EBITDA | 60.74M | 60.74M | -22.95M | 173.17M | 240.15M | 183.59M |
| Net Income | 14.40M | 14.88M | -55.91M | 104.51M | 157.63M | 109.84M |
Balance Sheet | ||||||
| Total Assets | 715.71M | 734.58M | 739.62M | 925.92M | 851.33M | 851.33M |
| Cash, Cash Equivalents and Short-Term Investments | 28.21M | 37.00M | 26.95M | 78.94M | 83.74M | 83.74M |
| Total Debt | 29.86M | 25.32M | 2.18M | 2.32M | 121.74M | 121.74M |
| Total Liabilities | 216.44M | 214.75M | 204.91M | 310.17M | 337.76M | 337.76M |
| Stockholders Equity | 495.04M | 515.46M | 530.01M | 607.88M | 503.17M | 503.17M |
Cash Flow | ||||||
| Free Cash Flow | 33.32M | 28.59M | -20.40M | 129.89M | 109.78M | 100.64M |
| Operating Cash Flow | 55.68M | 56.51M | 55.56M | 184.73M | 164.85M | 131.31M |
| Investing Cash Flow | -22.08M | -27.37M | -75.84M | -54.64M | -61.62M | -181.09M |
| Financing Cash Flow | -40.77M | -18.82M | -31.70M | -134.57M | -60.38M | 57.35M |
Malibu Boats Technical Analysis
Negative
24.73
Price Trends
27.84
Negative
28.96
Negative
30.73
Negative
Market Momentum
-0.61
Negative
40.52
Neutral
61.90
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 24.73 is below the 20-day moving average (MA) of 25.61, below the 50-day MA of 27.84, and below the 200-day MA of 30.73, indicating a bearish trend. The MACD of -0.61 indicates Negative momentum. The RSI at 40.52 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MBUU.
Malibu Boats Risk Analysis
Malibu Boats disclosed 45 risk factors in its most recent earnings report. Malibu Boats reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Malibu Boats Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $357.51M | 31.53 | 8.43% | ― | -12.17% | ― | |
67 Neutral | $267.84M | 26.91 | 8.92% | 6.03% | -12.30% | -29.51% | |
58 Neutral | $5.03B | -35.47 | -7.80% | 2.27% | -4.78% | -189.89% | |
57 Neutral | $460.60M | -54.76 | 2.82% | ― | 11.54% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | $894.61M | 58.59 | 3.39% | 3.42% | 1.38% | ― | |
45 Neutral | $160.65M | -5.80 | -33.00% | ― | 5.62% | -1706.59% |
* General Sector Average
MBUU
Malibu Boats
24.73
-2.39
-8.81%
BC
Brunswick
77.33
34.66
81.24%
MPX
Marine Products
7.63
-0.09
-1.23%
WGO
Winnebago Industries
32.40
2.97
10.07%
MCFT
MasterCraft Boat Holdings
22.01
5.81
35.86%
ONEW
OneWater Marine
9.74
-3.52
-26.55%
Malibu Boats Corporate Events
Business Operations and StrategyM&A Transactions
Malibu Boats Acquires Saxdor Yachts to Expand Portfolio
Positive
Mar 2, 2026
On March 2, 2026, Malibu Boats acquired Saxdor Yachts, a fast-growing Finnish designer and manufacturer of premium adventure dayboats, for about €150 million ($175 million) in cash and stock, with up to €71–72 million ($84 millio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.