MasterCraft Boat Holdings (MCFT) AI Stock Analysis

• Market Cap: $255.14M
• Dividend Yield: N/A
• Average Volume (3M): 102.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: -45.70%
• EPS Growth: -115.77%
• Country: US
• Employees: 920
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -0.52
• Shares Outstanding: 16,752,512
• 10 Day Avg. Volume: 147,002
• 30 Day Avg. Volume: 102,345
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.99
• Price to Cash Flow (P/CF): 11.30
• P/FCF Ratio: 17.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $18.80
• Price Target Upside: 23.93% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

MasterCraft Boat Holdings faces key challenges, including declining revenue and profitability, as well as a negative P/E ratio, reflecting financial and operational inefficiencies. Despite a strong balance sheet with zero debt, the stock is under technical pressure with a bearish trend. The absence of dividend yield also impacts the stock's valuation negatively. The company's ability to address these issues and leverage its strong balance sheet will be crucial for future performance.

Positive Factors

Earnings Guidance

Management raised adjusted EPS guidance and increased the low end of revenue and EBITDA ranges.

Future Sales Potential

Retail demand trends are positive, with strong sales and potential for further price increases in the second half of FY25.

Retail Growth

Unexpected retail growth boosts outlook, driving shares 27% higher.

Sales Performance

1Q25 results exceeded expectations with net sales and gross margins coming in well above estimates.

Negative Factors

Dealer Inventory

Dealer inventory reductions are ahead of plan, which positions the company better for potential retail demand improvements and increased production.

Inventory Reduction

The destocking process is well underway, positioning the company well if retail continues to perform.

MasterCraft Boat Holdings Business Overview & Revenue Model

Company Description

MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. The NauticStar segment offers boats that are primarily used for saltwater fishing and general recreational boating. The Crest segment produces pontoon boats for use in general recreational boating. The company also offers ski/wake, outboard, and sterndrive boats, as well as various accessories, including trailers and aftermarket parts. It sells its boats under the MasterCraft, NauticStar, Crest, and Aviara brands through a network of independent dealers in North America and internationally. The company was formerly known as MCBC Holdings, Inc. and changed its name to MasterCraft Boat Holdings, Inc. in November 2018. MasterCraft Boat Holdings, Inc. was founded in 1968 and is based in Vonore, Tennessee.

How the Company Makes Money

MasterCraft Boat Holdings generates revenue primarily through the sale of its premium powerboats. The company designs and manufactures various types of boats tailored to specific market segments, including performance boats for water skiing and wakeboarding, as well as luxury pontoons for leisurely activities. Revenue streams include direct boat sales to dealerships and end consumers, as well as aftermarket parts and accessories. Additionally, the company benefits from strategic partnerships with dealerships and distributors, which help expand its market presence and enhance brand recognition. MasterCraft also invests in research and development to innovate and improve its product offerings, ensuring continued demand and customer loyalty.

MasterCraft Boat Holdings Financial Statement Overview

Summary

MasterCraft Boat Holdings has a strong balance sheet with zero debt, but faces challenges with declining revenue and profitability margins. Cash flow analysis shows variability, with recent struggles in free cash flow generation.

Income Statement

MasterCraft Boat Holdings has shown volatility in its revenue growth and profitability. While the company experienced a decrease in total revenue and net income in the TTM, it previously demonstrated positive revenue growth. The gross profit margin remains relatively stable, but the recent negative net income impacts overall profitability. Margins such as EBIT and EBITDA have been declining, indicating pressure on operational efficiency.

Balance Sheet

The company's balance sheet is relatively strong with zero debt in the latest period, resulting in a favorable debt-to-equity ratio. Stockholders' equity has shown growth, reflecting a strong equity position. However, the equity ratio has slightly declined over time. Overall, the balance sheet shows stability with a focus on maintaining low leverage.

Cash Flow

MasterCraft's cash flow statement indicates fluctuations in free cash flow, with recent negative figures in the TTM. Despite this, the operating cash flow to net income ratio remains positive, suggesting that the company is generating cash from operations. The free cash flow to net income ratio is a concern, but prior periods demonstrated positive free cash flow growth.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
291.62M	366.59M	662.05M	707.86M	525.81M	363.07M
	Gross Profit
48.32M	67.10M	169.71M	162.36M	129.97M	75.36M
	EBIT
3.11M	7.63M	116.92M	77.86M	75.95M	29.87M
	EBITDA
8.32M	24.60M	127.48M	125.93M	86.85M	-16.04M
	Net Income Common Stockholders
-6.71M	7.80M	68.94M	58.21M	56.17M	-24.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.59M	86.24M	111.38M	34.20M	39.25M	16.32M
	Total Assets
87.63M	317.98M	353.98M	297.05M	276.46M	207.92M
	Total Debt
49.28M	49.26M	56.38M	56.75M	93.14M	108.60M
	Net Debt
39.70M	41.87M	36.56M	22.54M	53.89M	92.28M
	Total Liabilities
88.53M	134.10M	161.89M	153.40M	168.67M	159.05M
	Stockholders Equity
-895.00K	183.68M	191.97M	143.65M	107.79M	48.87M
Cash Flow		Free Cash Flow
-5.60M	-3.86M	103.87M	57.49M	40.68M	15.96M
	Operating Cash Flow
7.24M	12.50M	134.20M	73.31M	68.54M	30.20M
	Investing Cash Flow
58.65M	-1.78M	-121.43M	-15.82M	-27.83M	-14.22M
	Financing Cash Flow
-63.23M	-23.14M	-27.15M	-62.54M	-17.77M	-5.49M

MasterCraft Boat Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCFT, the sentiment is Negative. The current price of 15.17 is below the 20-day moving average (MA) of 16.61, below the 50-day MA of 17.56, and below the 200-day MA of 18.62, indicating a bearish trend. The MACD of -0.63 indicates Positive momentum. The RSI at 37.75 is Neutral, neither overbought nor oversold. The STOCH value of 32.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MCFT.

MasterCraft Boat Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPX	67 Neutral	$288.08M	16.64	11.94%	6.80%	-38.35%	-59.21%
ONEW	64 Neutral	$223.29M	―	-2.97%	―	-7.72%	81.39%
Sector *	60 Neutral	$7.23B	11.55	3.67%	4.04%	2.96%	-13.54%
MCFT	60 Neutral	$255.14M	―	-1.53%	―	-45.70%	-115.77%
MBUU	51 Neutral	$530.94M	―	-15.71%	―	-39.56%	-238.09%
VMAR	41 Neutral	$7.68M	―	-80.86%	―	-55.43%	55.17%
VEEE	36 Underperform	$4.14M	―	-51.70%	―	-57.08%	-45.74%

MasterCraft Boat Holdings Corporate Events

MasterCraft Appoints New CFO Amid Strategic Transition

On April 7, 2025, MasterCraft Boat Holdings announced the retirement of its Chief Financial Officer, Timothy M. Oxley, effective December 31, 2025, and the appointment of Scott Kent as his successor, effective July 1, 2025. Mr. Oxley will serve as a special advisor during the transition period to ensure a smooth handover of responsibilities. Scott Kent, who has extensive experience in the marine industry and has been with MasterCraft since 2018, is expected to bring strong leadership and financial acumen to the role. The transition is part of the company’s strategic succession planning and aims to maintain its growth trajectory and value creation for shareholders.

Spark’s Take on MCFT Stock

According to Spark, TipRanks’ AI Analyst, (MCFT) is a Neutral.

MasterCraft Boat Holdings shows financial stability with a strong balance sheet but faces significant challenges in profitability and sales declines. The technical indicators suggest neutral momentum, and the high negative P/E ratio and lack of dividends impact its valuation. Despite positive product reception and inventory management, the earnings call highlights notable declines in key performance metrics.

To see Spark’s full report on (MCFT) stock, click here.

MasterCraft Boat Holdings Appoints New Pontoon Segment President

On February 24, 2025, MasterCraft Boat Holdings announced the departure of George Steinbarger, President of the Pontoon segment, and the appointment of Mike O’Connell to the role. O’Connell, a seasoned industry veteran, is expected to leverage his extensive experience to navigate the challenging retail environment and position the Crest and Balise brands for success in the upcoming summer selling season.