Mastercraft Boat Intrinsic Stock Value – MASTERCRAFT BOAT Reports Earnings Results for First Quarter of Fiscal Year 2024
November 27, 2023
🌥️Earnings Overview
For the first quarter of fiscal year 2024, MASTERCRAFT BOAT ($NASDAQ:MCFT) reported a total revenue of USD 104.2 million, which was a 38.5% decrease compared to the same quarter in the prior fiscal year. Net income for this period was USD 6.2 million, representing a 52.3% increase.
Stock Price
The stock opened at $20.5 and closed at $20.0, representing a 6.6% drop from the prior closing price of 21.4. Despite this drop in stock price, MASTERCRAFT BOAT posted positive overall earnings results for the quarter. This represents a steady increase in profitability for the company and provides a strong foundation for future growth.
Overall, MASTERCRAFT BOAT’s performance in the first quarter of fiscal year 2024 was largely positive. Although the stock price decreased, the company showed impressive growth in both revenue and net income, indicating that the company is well-positioned to continue to grow and thrive in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mastercraft Boat. More…
| Total Revenues | Net Income | Net Margin |
| 596.75 | 71.06 | 12.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mastercraft Boat. More…
| Operations | Investing | Financing |
| 106.59 | -93.78 | -30.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mastercraft Boat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 334.23 | 142.33 | 11.11 |
Key Ratios Snapshot
Some of the financial key ratios for Mastercraft Boat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.7% | 45.0% | 16.4% |
| FCF Margin | ROE | ROA |
| 13.0% | 31.9% | 18.3% |
Analysis – Mastercraft Boat Intrinsic Stock Value
At GoodWhale, we analyzed the financials of MASTERCRAFT BOAT and found that its fair value is around $27.0, calculated by our proprietary Valuation Line. Currently, MASTERCRAFT BOAT stock is traded at $20.0, which means it is undervalued by 25.9%. This could be a great opportunity to buy MASTERCRAFT BOAT shares for potential gains in the future. However, investors should do their own research before making any investing decisions. More…
Peers
MasterCraft Boat Holdings Inc is a leading designer and manufacturer of premium inboard wakeboard, ski and luxury performance boats. The company’s boats are sold under the MasterCraft brand, as well as under the Nautique, Moomba, Supra, and XStar brands. The company operates in four segments: North America, Europe, Asia, and Other International. The Limestone Boat Co Ltd, Maiden Lane Jewelry Ltd, Malibu Boats Inc are its main competitors.
– The Limestone Boat Co Ltd ($TSXV:BOAT)
The Limestone Boat Co Ltd is a company that manufactures and sells boats. The company has a market cap of 5.38M as of 2022 and a return on equity of 247.14%. The company’s products are sold through its network of dealers and distributors in the United States, Canada, and Europe. The company was founded in 1971 and is headquartered in Kingston, Ontario, Canada.
– Maiden Lane Jewelry Ltd ($OTCPK:MDNL)
Maiden Lane Jewelry Ltd is a jewelry company with a market cap of 5.77M as of 2022. The company has a Return on Equity of -27.96%. The company designs, manufactures, and sells jewelry products.
– Malibu Boats Inc ($NASDAQ:MBUU)
Malibu Boats is a leading manufacturer of recreational boats in the United States. The company has a market cap of 980.44 million as of 2022 and a return on equity of 27.7%. Malibu Boats designs, manufactures, markets, and sells recreational powerboats under the Malibu and Axis brand names. The company offers a range of boat models, including wakeboard boats, ski boats, and performance boats. Malibu Boats also manufactures boats for the US Coast Guard and the US Navy.
Summary
MASTERCRAFT BOAT reported its first quarter of fiscal year 2024 earnings results, showing a 38.5% decline in total revenue compared to the same quarter of the previous year. Net income, however, increased 52.3% to USD 6.2 million. This news caused the stock price to drop on the same day. Investors should consider this performance in light of the company’s long-term outlook and potential for sustainable growth.
They should also review the company’s financial statements and consider management’s strategies for improving profitability. Ultimately, investors need to make an informed decision as to whether or not MASTERCRAFT BOAT is a wise investment.
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