MasterCraft Boat Holdings Inc (MCFT)
NASDAQ:MCFT
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MasterCraft Boat Holdings
(NASDAQ:MCFT)
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Rating:67Neutral
Price Target:
$27.00
▲(15.38% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improved fundamentals and outlook: a very strong, debt-free balance sheet and raised FY2026 guidance alongside Q3 margin expansion. Technicals are supportive with the stock trading above key moving averages. The main constraints are valuation visibility (negative P/E) and execution risks from transaction costs, competitive/promotional pressures, and macro uncertainty, even after the Marine Products deal close.
Positive Factors
Debt-free balance sheet & liquidity
A debt-free balance sheet with meaningful cash and revolver capacity materially reduces refinancing risk and gives management optionality for capital allocation, M&A integration, or cyclical downturns. This durability supports investment in product development and dealer programs over the next several quarters.
Negative Factors
Earnings power remains below historical peaks
Despite top-line recovery, profitability compression versus prior cycle highs shows the company hasn't regained prior earnings leverage. Persistent lower margins limit sustainable return on capital and raise sensitivity to volume declines or pricing pressure over the coming 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet & liquidity
A debt-free balance sheet with meaningful cash and revolver capacity materially reduces refinancing risk and gives management optionality for capital allocation, M&A integration, or cyclical downturns. This durability supports investment in product development and dealer programs over the next several quarters.
Read all positive factors
MasterCraft Boat Holdings Key Performance Indicators (KPIs)
Any
Net Sales by Segment
Breaks down sales across the company’s business units or channels, such as wholesale vs. direct retail or different brands. Helps investors see how diversified the company’s revenue sources are, which segments are growing or shrinking, and where management should focus investment or cost control to sustain overall growth.
Breaks down sales across the company’s business units or channels, such as wholesale vs. direct retail or different brands. Helps investors see how diversified the company’s revenue sources are, which segments are growing or shrinking, and where management should focus investment or cost control to sustain overall growth.
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The Fly
The FlyMasterCraft Boat Holdings (MCFT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$579.12M
Dividend YieldN/A
Average Volume (3M)140.92K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth9.79%
EPS GrowthN/A
CountryUS
Employees920
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)0.68
Shares Outstanding24,435,337
10 Day Avg. Volume157,916
30 Day Avg. Volume140,917
Financial Highlights & Ratios
PEG Ratio-6.66
Price to Book (P/B)1.67
Price to Sales (P/S)1.08
P/FCF Ratio11.58
Enterprise Value/Market Cap0.54
Enterprise Value/Revenue1.04
Enterprise Value/Gross Profit4.57
Enterprise Value/Ebitda13.52
Forecast
1Y Price Target
$29.00Price Target Upside23.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.63
Revenue Forecast (FY)$310.18M
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 performanc...
How the Company Makes Money
MCFT primarily makes money by selling newly manufactured boats to a network of independent dealers, with revenue recognized from wholesale shipments under its various boat brands. A meaningful secondary revenue stream comes from sales of parts, ac...
MasterCraft Boat Holdings 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 conveyed solid operational momentum and margin expansion with top-line growth, significant adjusted EBITDA improvement (+43%) and stronger gross margins (+420 bps), supported by product launches (X Series) and healthier inventory/turn metrics. Management raised full-year guidance and highlighted a strong balance sheet (no debt, $84.6M cash). Key negatives include elevated one-time transaction costs, lingering macro/geopolitical uncertainty affecting retail, competitive/promotional pressure in the pontoon category, and lower unit volumes. On balance the positive financial improvements, raised guidance, product-led share gains and balance sheet strength outweigh the challenges.Positive Updates
Revenue Growth
Q3 net sales of $78.2M, up $2.2M or 3% year-over-year, driven by favorable model mix, options and pricing despite lower unit volume.
Negative Updates
Increased Operating and Transaction-Related Costs
Operating expenses rose $9.2M year-over-year in Q3, driven primarily by business development and advisory costs related to the proposed Marine Products Corporation combination (approximately $8.4M of the increase).
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth
Q3 net sales of $78.2M, up $2.2M or 3% year-over-year, driven by favorable model mix, options and pricing despite lower unit volume.
Read all positive updates
Company Guidance
Management raised fiscal 2026 guidance to consolidated net sales of $312.0 million, adjusted EBITDA of $40.0 million (implying roughly a 12.8% adjusted EBITDA margin) and adjusted EPS of $1.65, with capital expenditures expected to be about $8.0 million; this outlook excludes any impact from the proposed Marine Products Corporation combination and reflects an implied strong Q4 driven by new product launches. The raise follows a strong Q3: net sales of $78.2 million (up $2.2 million or 3% YoY), adjusted EBITDA of $10.7 million (up 43% YoY) and adjusted net income of $7.2 million or $0.45 per diluted share, with Q3 adjusted EBITDA margin at 13.7%. Management also highlighted balance sheet and liquidity metrics—$84.6 million in cash and short-term investments, no debt, $75 million revolver availability—plus inventory pipeline improvement of 28% YoY, and said pro forma cash post-transaction is expected in the $40–$60 million range (near the bottom of that band) despite slightly higher-than-expected transaction costs.MasterCraft Boat Holdings Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
82
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 298.48M | 284.20M | 366.59M | 609.90M | 641.61M | 465.96M |
| Gross Profit | 67.97M | 56.87M | 67.10M | 168.74M | 168.19M | 125.13M |
| EBITDA | 22.96M | 24.28M | 24.60M | 133.18M | 125.93M | 86.28M |
| Net Income | 11.12M | 7.04M | 7.80M | 68.94M | 58.21M | 56.17M |
Balance Sheet | ||||||
| Total Assets | 277.85M | 259.95M | 317.98M | 353.98M | 297.05M | 276.46M |
| Cash, Cash Equivalents and Short-Term Investments | 84.62M | 79.44M | 86.24M | 111.38M | 34.20M | 39.25M |
| Total Debt | 0.00 | 0.00 | 49.26M | 53.68M | 56.55M | 93.14M |
| Total Liabilities | 88.60M | 76.36M | 134.10M | 161.89M | 153.40M | 168.67M |
| Stockholders Equity | 189.25M | 183.39M | 183.68M | 191.97M | 143.65M | 107.79M |
Cash Flow | ||||||
| Free Cash Flow | 25.65M | 26.39M | -3.86M | 109.63M | 61.02M | 40.68M |
| Operating Cash Flow | 33.98M | 35.59M | 12.50M | 134.20M | 73.31M | 68.54M |
| Investing Cash Flow | 20.91M | 46.04M | -1.78M | -121.43M | -15.82M | -27.83M |
| Financing Cash Flow | -8.00M | -60.10M | -23.14M | -27.15M | -62.54M | -17.77M |
MasterCraft Boat Holdings Technical Analysis
Positive
23.40
Price Trends
21.70
Positive
20.88
Positive
20.79
Positive
Market Momentum
0.38
Negative
69.53
Neutral
82.96
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCFT, the sentiment is Positive. The current price of 23.4 is above the 20-day moving average (MA) of 21.23, above the 50-day MA of 21.70, and above the 200-day MA of 20.79, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 69.53 is Neutral, neither overbought nor oversold. The STOCH value of 82.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MCFT.
MasterCraft Boat Holdings Risk Analysis
MasterCraft Boat Holdings disclosed 38 risk factors in its most recent earnings report. MasterCraft Boat Holdings 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
MasterCraft Boat Holdings 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% | |
59 Neutral | $514.88M | -51.43 | -0.18% | ― | 8.81% | 87.95% | |
52 Neutral | $175.65M | -3.04 | -40.11% | ― | 3.16% | -1540.48% | |
43 Neutral | $3.58M | -0.18 | -52.42% | ― | 19.23% | 65.04% | |
40 Underperform | $1.56M | -0.27 | ― | ― | -66.15% | 85.60% |
* Consumer Cyclical Sector Average
MCFT
MasterCraft Boat Holdings
23.70
5.64
31.23%
MPX
Marine Products
8.18
-0.03
-0.35%
MBUU
Malibu Boats
26.22
-5.69
-17.83%
ONEW
OneWater Marine
10.57
-4.41
-29.44%
VMAR
Vision Marine Technologies
0.76
-261.04
-99.71%
VEEE
Twin Vee PowerCats
6.76
-93.51
-93.26%
MasterCraft Boat Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesM&A Transactions
MasterCraft Completes Marine Products Acquisition and Board Expansion
Positive
May 15, 2026
On May 15, 2026, MasterCraft Boat Holdings completed its acquisition of Marine Products Corporation, converting each Marine Products share into $2.43 in cash plus 0.232 shares of MasterCraft stock and removing Marine Products from trading on the N...
M&A TransactionsShareholder Meetings
MasterCraft Shareholders Approve Merger with Marine Products
Positive
May 12, 2026
On May 12, 2026, MasterCraft Boat Holdings convened a special meeting of stockholders to vote on proposals related to its planned stock-and-cash merger with Marine Products Corporation. Shareholders overwhelmingly approved the issuance of new Mast...
Legal ProceedingsM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
MasterCraft Issues Supplemental Disclosures Supporting Marine Products Merger
Negative
May 1, 2026
MasterCraft Boat Holdings and Marine Products are moving forward with their previously announced stock-and-cash merger under a February 5, 2026 agreement, following the effectiveness of a registration statement in March and the mailing of a joint ...
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.