Mastercraft Boat Intrinsic Value – MASTERCRAFT BOAT Reports First Quarter FY2024 Earnings Results on November 8 2023
December 11, 2023
🌥️Earnings Overview
On November 8 2023, MASTERCRAFT BOAT ($NASDAQ:MCFT) unveiled their earnings results for the first quarter of FY2024 (ending September 30 2023). Compared to the same period in the prior year, total revenue declined by 38.5% to USD 104.2 million, while net income increased by 52.3% to USD 6.2 million.
Price History
This represented a 6.6% decline from the previous closing price of $21.4. The results were met with mixed reactions from analysts, with some citing the company’s strong growth potential while others were concerned with the near-term outlook. Market sentiment seemed to be bearish as investors were likely focused on any potential short-term risks. MASTERCRAFT BOAT’s management team was cautiously optimistic, citing their success in the past quarter as a springboard for future success. The company reported an increase in both revenue and profits, which is a positive sign that the company is doing well despite the challenging economic conditions.
Overall, despite the drop in stock price on Wednesday, MASTERCRAFT BOAT’s First Quarter earnings report shows strong potential for future success. The company’s management team is confident that if they continue to execute on their strategic plan, that their stock price will rebound and they will remain a leader in the industry. Investors will be watching closely to see how the company performs in the upcoming 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 Value
At GoodWhale, we recently undertook the task of analyzing the fundamental performance of MASTERCRAFT BOAT. Our proprietary Valuation Line was applied to assess the value of the company’s stock. As a result, our calculations revealed that the fair value of MASTERCRAFT BOAT’s share is around $27.0. Currently, MASTERCRAFT BOAT stock is being traded at $20.0, meaning that it is currently undervalued by 25.9%. This presents an opportunity for investors to purchase the stock at a lower price than its true value. With the company’s strong fundamentals and a fair value price of $27.0, there could be a potential upside for those who invest in MASTERCRAFT BOAT shares. More…
Peers
MasterCraft Boat Holdings Inc is a leading designer and manufacturer of premium inboard wakeboard, ski and luxury performance boats. The company’s boats are sold under the MasterCraft brand, as well as under the Nautique, Moomba, Supra, and XStar brands. The company operates in four segments: North America, Europe, Asia, and Other International. The Limestone Boat Co Ltd, Maiden Lane Jewelry Ltd, Malibu Boats Inc are its main competitors.
– The Limestone Boat Co Ltd ($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 their first quarter of FY2024 earnings results on November 8 2023, with total revenue of USD 104.2 million, a decrease of 38.5% compared to the same period last year. Net income was USD 6.2 million, an increase of 52.3%. Following this news, the stock price declined on the same day. Investors should consider that despite declining revenues, MASTERCRAFT BOAT managed to increase its profits significantly, indicating efficient cost-cutting and improving operational efficiency.
It is also important to note that MASTERCRAFT BOAT’s financial performance could be affected by the broader economic environment and external factors. Thus, investors should be aware of any potential risks when investing in the company.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
