Malibu Boats (MBUU)
NASDAQ:MBUU
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Malibu Boats
(NASDAQ:MBUU)
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Rating:59Neutral
Price Target:
$31.00
▲(16.80% Upside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by mixed financial performance—revenue recovery and solid cash generation but weak margins and near-breakeven profitability—partly offset by constructive technical momentum and a positive earnings-call outlook (guidance, sequential margin improvement, and conservative leverage). Valuation is a drag due to negative earnings and no dividend support.
Positive Factors
Strong cash generation
Consistent operating and free cash flow provides enduring financial flexibility to fund operations, capex, and M&A integration. Over 2–6 months this supports investment in production, dealer programs, and share repurchases while cushioning cyclical revenue swings.
Negative Factors
Compressed and volatile margins
Sustained margin pressure from fixed cost deleverage and higher input costs undermines profitability durability. Over months this limits reinvestment, makes earnings sensitive to volume swings, and raises the bar for sustaining adjusted EBITDA improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent operating and free cash flow provides enduring financial flexibility to fund operations, capex, and M&A integration. Over 2–6 months this supports investment in production, dealer programs, and share repurchases while cushioning cyclical revenue swings.
Read all positive factors
Malibu Boats Key Performance Indicators (KPIs)
Malibu Boats (MBUU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$514.88M
Dividend YieldN/A
Average Volume (3M)255.69K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth8.81%
EPS Growth87.95%
CountryUS
Employees2,250
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-0.06
Shares Outstanding19,637,041
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 Cap1.21
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit4.97
Enterprise Value/Ebitda14.66
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.43
Revenue Forecast (FY)$866.75M
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 Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Positive
The call presents a constructive view: the legacy business outperformed guidance, ASPs and adjusted EBITDA were solid, centralized sourcing drove sequential gross margin improvement, and the Saxdor acquisition materially expands the addressable market with high‑ASP product and favorable demographics. Offsetting risks include a meaningful intentional decline in legacy unit shipments, year‑over‑year gross margin compression driven by fixed cost deleverage and higher input costs, a GAAP loss from acquisition/integration expenses, and near‑term modeling complexity from Saxdor’s seasonality and FX exposure. Overall, the positives from margin recovery, strong cash generation, conservative leverage and a strategic acquisition outweigh the near‑term headwinds and one‑time costs.Positive Updates
Revenue Beat and Guidance Outperformance
Consolidated net sales rose 3.1% to $235.7M (includes $23.1M from Saxdor). Legacy net sales were $212.6M, above guidance of $198M–$202M.
Negative Updates
Legacy Unit Volume Decline
Legacy unit volume decreased 17.1% year-over-year to 1,187 units, driven by deliberately lower wholesale shipments to manage dealer channel health.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Beat and Guidance Outperformance
Consolidated net sales rose 3.1% to $235.7M (includes $23.1M from Saxdor). Legacy net sales were $212.6M, above guidance of $198M–$202M.
Read all positive updates
Company Guidance
The company guided full‑year fiscal 2026 combined net sales of about $880–886 million and adjusted EBITDA of $72–74 million; on a legacy basis it now expects full‑year revenue to finish slightly down versus fiscal 2025 (an improvement from prior “flat to down mid‑single digits”) and to land legacy adjusted EBITDA margin toward the lower end of the 8%–9% range. For Saxdor, management expects Q4 net sales of $57–59 million with a 10%–11% adjusted EBITDA margin (noting Q3 included only one month of Saxdor: ~$23.1M sales and ~$1.4M adj. EBITDA), and consolidated Q4 guidance is $261–267 million net sales and $29–31 million adjusted EBITDA (roughly 11%–12% margin). Additional modeling notes: Saxdor’s revenue is seasonal (roughly half in Europe with the back half of the fiscal year heavier and Q1 the lightest), euro‑denominated revenue introduces FX exposure, acquisition/integration expenses will be excluded from adjusted EBITDA during integration, and the company reiterated fiscal‑2026 tariff exposure is expected to remain within its prior communicated range; pro forma net debt/TTM adjusted EBITDA is ~1.5x (well below the 2.5x target), and management said it will return to a single consolidated outlook with fiscal 2027 guidance in August.Malibu Boats Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 826.09M | 807.56M | 829.03M | 1.39B | 1.21B | 926.51M |
| Gross Profit | 125.36M | 144.09M | 147.09M | 351.30M | 310.05M | 236.49M |
| EBITDA | 42.49M | 60.74M | -22.95M | 173.17M | 240.15M | 183.59M |
| Net Income | -905.00K | 14.88M | -55.91M | 104.51M | 157.63M | 109.84M |
Balance Sheet | ||||||
| Total Assets | 1.01B | 734.58M | 739.62M | 925.92M | 851.33M | 851.33M |
| Cash, Cash Equivalents and Short-Term Investments | 50.17M | 37.00M | 26.95M | 78.94M | 83.74M | 83.74M |
| Total Debt | 169.84M | 25.32M | 2.18M | 2.32M | 121.74M | 121.74M |
| Total Liabilities | 485.20M | 214.75M | 204.91M | 310.17M | 337.76M | 337.76M |
| Stockholders Equity | 517.67M | 515.46M | 530.01M | 607.88M | 503.17M | 503.17M |
Cash Flow | ||||||
| Free Cash Flow | 40.04M | 28.59M | -20.40M | 129.89M | 109.78M | 100.64M |
| Operating Cash Flow | 61.60M | 56.51M | 55.56M | 184.73M | 164.85M | 131.31M |
| Investing Cash Flow | -147.11M | -27.37M | -75.84M | -54.64M | -61.62M | -181.09M |
| Financing Cash Flow | 96.27M | -18.82M | -31.70M | -134.57M | -60.38M | 57.35M |
Malibu Boats Technical Analysis
Neutral
26.54
Price Trends
27.49
Negative
28.98
Negative
30.66
Negative
Market Momentum
-0.48
Negative
52.98
Neutral
47.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MBUU, the sentiment is Neutral. The current price of 26.54 is above the 20-day moving average (MA) of 25.65, below the 50-day MA of 27.49, and below the 200-day MA of 30.66, indicating a neutral trend. The MACD of -0.48 indicates Negative momentum. The RSI at 52.98 is Neutral, neither overbought nor oversold. The STOCH value of 47.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MBUU.
Malibu Boats Risk Analysis
Malibu Boats disclosed 49 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $280.04M | -30.95 | 5.63% | 6.03% | 11.38% | -54.16% | |
67 Neutral | $579.12M | -114.15 | 5.95% | ― | 9.79% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $5.04B | 57.24 | -8.07% | 2.27% | 8.35% | -271.39% | |
59 Neutral | $514.88M | -51.43 | -0.18% | ― | 8.81% | 87.95% | |
55 Neutral | $814.62M | 58.59 | 3.39% | 3.42% | 5.81% | ― | |
52 Neutral | $175.65M | -3.04 | -40.11% | ― | 3.16% | -1540.48% |
* Consumer Cyclical Sector Average
MBUU
Malibu Boats
25.62
-6.29
-19.71%
BC
Brunswick
77.55
25.56
49.16%
MPX
Marine Products
8.18
-0.03
-0.35%
WGO
Winnebago Industries
29.04
-6.02
-17.16%
MCFT
MasterCraft Boat Holdings
23.08
5.02
27.80%
ONEW
OneWater Marine
10.34
-4.64
-30.97%
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.