MasterCraft Boat Holdings Inc (MCFT)
NASDAQ:MCFT
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MasterCraft Boat Holdings
(NASDAQ:MCFT)
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Rating:70Outperform
Price Target:
$22.50
▲(10.89% Upside)
Action:ReiteratedDate:02/06/26
The score is driven primarily by strong financial resilience (debt-free balance sheet and improved cash generation) and a constructive earnings update with raised guidance and improving margins. These positives are tempered by a relatively expensive valuation (P/E ~26), overbought technical readings, and ongoing cyclical demand and integration/execution risks highlighted on the call.
Positive Factors
Debt-free balance sheet
Zero total debt and stable equity materially reduce financial risk and provide durable funding flexibility. This allows MasterCraft to fund capex, absorb demand cyclicality, and pursue M&A or working-capital needs without increasing leverage, supporting multi-quarter resilience.
Negative Factors
End-market demand remains cyclical and uncertain
Persistent retail uncertainty and reliance on discretionary boat purchases make revenue sensitive to macro trends. If consumer demand stays weak, unit volumes and pricing leverage could remain depressed for multiple quarters, limiting durable revenue and margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero total debt and stable equity materially reduce financial risk and provide durable funding flexibility. This allows MasterCraft to fund capex, absorb demand cyclicality, and pursue M&A or working-capital needs without increasing leverage, supporting multi-quarter resilience.
Read all positive factors
MasterCraft Boat Holdings (MCFT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$327.55M
Dividend YieldN/A
Average Volume (3M)140.92K
Price to Earnings (P/E)31.5
Beta (1Y)1.00
Revenue Growth-12.17%
EPS GrowthN/A
CountryUS
Employees920
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)0.29
Shares Outstanding16,135,626
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 Cap0.84
Enterprise Value/Revenue0.93
Enterprise Value/Gross Profit4.24
Enterprise Value/Ebitda9.38
Forecast
1Y Price Target
$26.50Price Target Upside30.61% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)1.49
Revenue Forecast (FY)$305.77M
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
MasterCraft Boat Holdings makes money primarily by selling new boats to its dealer network. Revenue is generated when the company manufactures boats under its brand portfolio and delivers them to authorized independent dealers, who then retail the...
MasterCraft Boat Holdings Key Performance Indicators (KPIs)
MasterCraft Boat Holdings Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call presented a mostly positive operational and financial picture: strong Q2 revenue growth (+13.2%), meaningful margin expansion (+≈480 bps adjusted EBITDA margin), improved liquidity and a raised full-year guidance. Management emphasized product momentum and dealer engagement while announcing a strategic, scale-building acquisition expected to be accretive and to deliver near-term cost savings (~$6M) and longer-term synergies. Key near-term concerns include elevated operating costs tied to ERP and transaction activities, continued uncertainty in end-market retail demand (company still modeling retail down 5%–10%), and execution risks around realizing broader synergies and market-by-market dealer expansion. On balance, the highlights (growth, margin improvement, raised guidance, no debt and strategic M&A) outweigh the lowlights, though integration and demand execution will be important to monitor.Positive Updates
Quarterly Revenue and Profit Growth
Q2 net sales of $71.8M, up $8.4M or 13.2% year-over-year; adjusted net income $4.7M ($0.29/diluted share) vs $1.7M ($0.10) prior year.
Negative Updates
Increased Operating Expenses
Operating expenses were $12.8M for the quarter, up $2.1M year-over-year driven by ERP implementation costs, business development and M&A consulting fees, and increased selling and marketing spend.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly Revenue and Profit Growth
Q2 net sales of $71.8M, up $8.4M or 13.2% year-over-year; adjusted net income $4.7M ($0.29/diluted share) vs $1.7M ($0.10) prior year.
Read all positive updates
Company Guidance
MasterCraft said Q2 performance (net sales $71.8M, +$8.4M/+13.2% Y/Y; gross margin 21.6%, +440 bps Y/Y; adjusted EBITDA $7.5M vs $3.5M prior; adjusted EBITDA margin 10.4% vs 5.6%, +480 bps; adjusted net income $4.7M or $0.29/share vs $1.7M/$0.10; effective tax rate 23% vs 20%; cash & short‑term investments $81.4M; no debt; dealer pipeline inventories ~25% improved Y/Y) has supported an upward revision to fiscal 2026 guidance: consolidated net sales of $300–310M, adjusted EBITDA of $36–39M, adjusted EPS of $1.45–1.60, and ~ $9M of capital expenditures; they also forecast the upcoming period at roughly $75M of net sales, ~$9M of adjusted EBITDA and ~$0.35 of adjusted EPS, and noted that all guidance excludes any impact from the proposed Marine Products transaction.MasterCraft Boat Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 296.24M | 284.20M | 366.59M | 609.90M | 641.61M | 465.96M |
| Gross Profit | 64.65M | 56.87M | 67.10M | 168.74M | 168.19M | 125.13M |
| EBITDA | 29.22M | 24.28M | 24.60M | 133.18M | 125.93M | 86.28M |
| Net Income | 15.60M | 7.04M | 7.80M | 68.94M | 58.21M | 56.17M |
Balance Sheet | ||||||
| Total Assets | 259.68M | 259.95M | 317.98M | 353.98M | 297.05M | 276.46M |
| Cash, Cash Equivalents and Short-Term Investments | 81.38M | 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 | 70.42M | 76.36M | 134.10M | 161.89M | 153.40M | 168.67M |
| Stockholders Equity | 189.26M | 183.39M | 183.68M | 191.97M | 143.65M | 107.79M |
Cash Flow | ||||||
| Free Cash Flow | 26.19M | 26.39M | -3.86M | 109.63M | 61.02M | 40.68M |
| Operating Cash Flow | 35.51M | 35.59M | 12.50M | 134.20M | 73.31M | 68.54M |
| Investing Cash Flow | -5.37M | 46.04M | -1.78M | -121.43M | -15.82M | -27.83M |
| Financing Cash Flow | -8.22M | -60.10M | -23.14M | -27.15M | -62.54M | -17.77M |
MasterCraft Boat Holdings Technical Analysis
Negative
20.29
Price Trends
21.73
Negative
20.57
Negative
20.63
Negative
Market Momentum
-0.25
Negative
42.90
Neutral
27.35
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 20.29 is below the 20-day moving average (MA) of 20.31, below the 50-day MA of 21.73, and below the 200-day MA of 20.63, indicating a bearish trend. The MACD of -0.25 indicates Negative momentum. The RSI at 42.90 is Neutral, neither overbought nor oversold. The STOCH value of 27.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $327.55M | 31.53 | 8.43% | ― | -12.17% | ― | |
67 Neutral | $253.04M | 26.91 | 8.92% | 6.03% | -12.30% | -29.51% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $455.39M | -54.76 | 3.72% | ― | 11.54% | ― | |
45 Neutral | $163.81M | -5.80 | -33.00% | ― | 5.62% | -1706.59% | |
42 Neutral | $2.04M | -0.31 | ― | ― | -66.16% | 78.81% | |
40 Underperform | $3.00M | -0.40 | -52.42% | ― | -34.70% | 36.13% |
* Consumer Cyclical Sector Average
MCFT
MasterCraft Boat Holdings
20.29
4.92
32.01%
MPX
Marine Products
7.17
-0.18
-2.46%
MBUU
Malibu Boats
24.28
-2.15
-8.13%
ONEW
OneWater Marine
9.92
-3.91
-28.27%
VMAR
Vision Marine Technologies
2.06
-189.94
-98.93%
VEEE
Twin Vee PowerCats
0.23
-2.12
-90.09%
MasterCraft Boat Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
MasterCraft Boat to Acquire Marine Products in Merger
Positive
Feb 5, 2026
On February 5, 2026, MasterCraft Boat Holdings agreed to acquire Marine Products Corporation in a stock-and-cash transaction that will make Marine Products a wholly owned subsidiary through a two-step merger structure. Marine Products shareholders...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
MasterCraft Boat to Acquire Marine Products, Boosts Outlook
Positive
Feb 5, 2026
On February 5, 2026, MasterCraft Boat Holdings reported that fiscal 2026 second-quarter results for the period ended December 28, 2025, showed a sharp rebound in performance, with net sales rising 13.2% year on year to $71.8 million and income fro...
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.