Malibu Boats (MBUU) AI Stock Analysis

• Market Cap: $667.27M
• Dividend Yield: N/A
• Average Volume (3M): 139.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: -27.18%
• EPS Growth: 84.33%
• Country: US
• Employees: 2,250
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.72
• Shares Outstanding: 19,190,828
• 10 Day Avg. Volume: 157,723
• 30 Day Avg. Volume: 139,192
• PEG Ratio: -0.77
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 32.54
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 0.20
• Enterprise Value/Gross Profit: 4.99
• Enterprise Value/Ebitda: -5.18
• 1Y Price Target: $34.80
• Price Target Upside: 0.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 59 Neutral
• Price Target: $35.00 ▲(0.66%Upside)

Malibu Boats' overall stock score reflects the challenges in financial performance with declining revenues and profitability despite a strong balance sheet. Technical analysis shows mixed signals, while valuation is hindered by negative earnings. The latest earnings call presented a cautious outlook, and recent board changes are seen positively, potentially aiding long-term strategy.

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.

Margin Preservation

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.

Sales Event Success

Encouraged by its annual Ski/Wake (Malibu/Axis) sales event, with higher retail sell-through and participation, as well as reduced promotional activity, relative to last year.

Negative Factors

Equity Performance

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

Guidance Reduction

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.

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.

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, 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.

How the Company Makes Money

Malibu Boats makes money primarily through the design, manufacturing, and sale of a diverse range of powerboats. The company's revenue model is centered around selling these boats to a network of independent dealers, who then sell the boats to end consumers. Key revenue streams include the sale of new boats across its various brands, as well as parts and accessories that complement their boating products. Additionally, Malibu Boats benefits from strategic acquisitions and partnerships that enhance its product offerings and market reach. The company's earnings are influenced by factors such as consumer demand in the recreational boating industry, economic conditions, and discretionary spending trends, which can impact boat sales and overall financial performance.

Malibu Boats Financial Statement Overview

Summary

Malibu Boats has been experiencing declining revenues and profitability, with negative net income and shrinking margins. Despite these challenges, the company maintains a solid balance sheet with low leverage and has shown improvement in cash flows, suggesting potential for recovery if operational issues are addressed.

Income Statement

Malibu Boats has experienced a challenging period with declining revenues and profitability. The gross profit margin and EBIT margins have significantly decreased in the TTM period, with an EBIT margin of -0.09% and a gross profit margin of 16.09%. The net profit margin is -1.19%, indicating losses. Although the company has seen previous growth, the recent downturn highlights potential operational inefficiencies or market challenges.

Balance Sheet

The balance sheet shows a strong equity base with a debt-to-equity ratio of 0.06, indicating low financial leverage. The equity ratio is 67.61%, reflecting a stable financial structure. However, the decline in total assets and equity over the past year suggests some erosion in asset value, but overall, the financial position remains relatively strong.

Cash Flow

The cash flow statement reveals positive free cash flow of $18.99 million in the TTM period, a turnaround from negative free cash flow in the previous year. The operating cash flow to net income ratio is negative, reflecting net losses. Despite this, cash flow from operations remains positive, indicating decent cash generation capabilities.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	759.23M	829.03M	1.39B	1.21B	926.51M	653.16M
Gross Profit	122.15M	147.09M	351.30M	310.05M	236.49M	149.27M
EBITDA	27.73M	-22.95M	278.29M	240.15M	183.59M	107.27M
Net Income	-9.02M	-55.91M	104.51M	157.63M	109.84M	61.56M
Balance Sheet
Total Assets	730.27M	739.62M	925.92M	851.33M	742.78M	477.35M
Cash, Cash Equivalents and Short-Term Investments	42.99M	26.95M	78.94M	83.74M	41.48M	33.79M
Total Debt	165.47M	7.94M	2.32M	119.62M	143.28M	82.84M
Total Liabilities	384.66M	204.91M	310.17M	337.76M	361.63M	215.82M
Stockholders Equity	338.38M	530.01M	607.88M	503.17M	373.43M	254.58M
Cash Flow
Free Cash Flow	18.98M	-20.40M	129.89M	109.78M	100.64M	52.85M
Operating Cash Flow	51.80M	55.56M	184.73M	164.85M	131.31M	94.14M
Investing Cash Flow	-32.33M	-75.84M	-54.64M	-61.62M	-181.09M	-40.39M
Financing Cash Flow	-27.68M	-31.70M	-134.57M	-60.38M	57.35M	-47.32M

Malibu Boats Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MBUU, the sentiment is Positive. The current price of 34.77 is above the 20-day moving average (MA) of 32.33, above the 50-day MA of 31.08, and below the 200-day MA of 35.59, indicating a neutral trend. The MACD of 0.77 indicates Negative momentum. The RSI at 63.83 is Neutral, neither overbought nor oversold. The STOCH value of 85.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MBUU.

Malibu Boats Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPX	72 Outperform	$318.09M	21.66	10.33%	6.15%	-32.30%	-58.15%
MCFT	71 Outperform	$335.92M	―	-1.50%	―	-41.66%	-123.04%
PII	65 Neutral	$2.61B	65.33	3.09%	5.77%	-17.86%	-89.55%
BC	64 Neutral	$3.90B	49.00	5.16%	2.89%	-15.42%	-77.50%
MBUU	59 Neutral	$667.27M	―	-1.68%	―	-27.18%	84.33%
ONEW	59 Neutral	$244.70M	―	-1.88%	―	-6.22%	91.93%
Sector *	56 Neutral	$3.37B	4.05	-1.30%	6.64%	0.16%	-63.79%

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.

The most recent analyst rating on (MBUU) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Malibu Boats stock, see the MBUU Stock Forecast page.