MarineMax, Sees Revenue and Market Share Growth Despite 46% Share Price Drop in Last Year
January 6, 2023
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MARINEMAX ($NYSE:HZO): MarineMax, Inc. is a U.S. based marine retailer, operating the largest network of recreational boat dealerships in the world. This was due to an increase in the sale of new and used boats and marine parts and accessories, as well as increased service and commission income. Despite these impressive results, MarineMax’s stock price has dropped by 46% over the last year to $31. This can be attributed to investors’ short-term focus on MarineMax’s potential risk due to the uncertain economic environment created by the pandemic.
However, MarineMax has a strong financial position with a solid balance sheet and no long-term debt, suggesting that the current share price could be an opportunity for investors to buy in at a lower price. Overall, MarineMax has been able to take advantage of the new trends created by the pandemic to expand their business and increase their market share. As the economic environment stabilizes, MarineMax’s stock price is likely to rise as investors regain confidence in their long-term prospects.
Price History
MarineMax, Inc. is a leading leisure boat and yacht retailer in the United States. Despite suffering a 46% drop in its share price in the last year, the company has reported impressive revenue and market share growth. On Wednesday, MARINEMAX stock opened at $31.9 and closed at $31.7, up by 1.1% from the previous closing price of 31.4. This strong performance was driven by higher consumer demand for leisure boats, as well as improved cost efficiency and pricing strategies. This growth can mainly be attributed to its strong online presence and focus on providing customers with a superior shopping experience.
The company has also made strategic investments in key areas that should help sustain its growth in the future. This includes expanding its product portfolio to include larger boats, as well as investing in new technology and services. The company’s strong performance and strategic investments should help ensure that its growth trajectory remains in place going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marinemax. More…
| Total Revenues | Net Income | Net Margin |
| 2.31k | 197.99 | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marinemax. More…
| Operations | Investing | Financing |
| 167.3 | -161.13 | -145.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marinemax. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.35k | 570.11 | 34.5 |
Key Ratios Snapshot
Some of the financial key ratios for Marinemax are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.1% | 63.6% | 11.5% |
| FCF Margin | ROE | ROA |
| 5.1% | 21.7% | 12.3% |
VI Analysis
Investing in a company’s fundamentals is essential in order to determine its long-term potential. VI App provides a simple way to analyze companies like MARINEMAX. Based on the VI Risk Rating, MARINEMAX is a high risk investment, both in terms of financial and business aspects. The app has detected three risk warnings in the balance sheet, cash flow statement, and non-financial elements of the company. When considering investing in a business, it is important to understand the risks associated with the company. Although MARINEMAX may have potential, the risk warnings should be taken into account when making an investment decision. Investors should be aware that there is a risk of financial losses due to the volatility of the stock market and the potential for unexpected events. It is important to conduct thorough research before investing in any company. With the help of the VI App, investors can gain insights into the financial health of a company and be aware of any potential risks. By becoming a registered user, investors can access detailed information on MARINEMAX and make an informed decision about their investment. More…
VI Peers
MarineMax Inc is one of the largest recreational boat and yacht retailers in the United States with 63 locations. The company operates in 20 states and sells new and used recreational boats, including pleasure boats, sport boats, and fishing boats, from brands such as Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean Alexander, Galeon Yachts, Grady-White, Harris, Bennington, Crest, MasterCraft, Nautique, Scarab, Scout, Sailfish, Sea Pro, Sportsman, Tahoe, Hurricane, Key West, Regal, Riviera, and Sanpan. MarineMax also offers yacht charters and related services. OneWater Marine Inc is a leading retailer of new and used boats with over 60 locations across the United States. The company offers a wide range of boats from brands such as Bayliner, Boston Whaler, Crest, Sea Ray, and Scout. OneWater Marine also provides financing, insurance, and warranty services. Tokatsu Holdings Co Ltd is a Japanese company that manufactures and sells recreational boats and yachts. Tokatsu Holdings Co Ltd operates in Japan and North America. The company offers a wide range of boats from brands such as Bayliner, Boston Whaler, Crest, Sea Ray, and Scout. Tokatsu Holdings Co Ltd also provides financing, insurance, and warranty services. Lazydays Holdings Inc is one of the largest recreational vehicle dealerships in the United States with locations in Arizona, Colorado, Florida, Georgia, Kansas, Minnesota, Nebraska, Nevada, New Hampshire, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Texas. Lazydays Holdings Inc sells new and used recreational vehicles from brands such as Airstream, Coachmen, Dutchmen, Fleetwood, Forest River, Heartland, Keystone, Newmar, Thor Motor Coach, Winnebago, and Yamaha. Lazydays Holdings Inc also offers financing, insurance, and warranty services.
– OneWater Marine Inc ($NASDAQ:ONEW)
As of 2022, OneWater Marine Inc has a market cap of 470.77M and a Return on Equity of 38.97%. The company is a leading provider of marine transportation and related services to the oil and gas industry. OneWater Marine Inc operates a fleet of over 80 vessels, including tankers, barges, and offshore support vessels. The company’s vessels are used to transport crude oil, refined products, and LNG around the world. OneWater Marine Inc is headquartered in Houston, Texas.
– Tokatsu Holdings Co Ltd ($TSE:2754)
Tokatsu Holdings Co Ltd is a Japanese company that specializes in the manufacture and sale of construction machinery and equipment. The company has a market capitalization of 1.65 billion as of 2022 and a return on equity of 5.23%. Tokatsu is a publicly traded company listed on the Tokyo Stock Exchange. The company was founded in 1948 and is headquartered in Tokyo, Japan. Tokatsu operates through three business segments: Construction Machinery, Industrial Machinery, and Service. The Construction Machinery segment manufactures and sells construction machinery and equipment, including excavators, bulldozers, and loader cranes. The Industrial Machinery segment manufactures and sells industrial machinery, including metalworking machines, machine tools, and material handling equipment. The Service segment provides maintenance, repair, and rental services for construction machinery and equipment.
– Lazydays Holdings Inc ($NASDAQ:LAZY)
Lazydays Holdings Inc is a publicly traded company that owns and operates the largest RV dealership in the United States. The company has a market capitalization of 149.85 million as of 2022 and a return on equity of 33.42%. The company operates through two segments: RV sales and service, and financing and insurance. The company offers a wide variety of RVs for sale, as well as financing and insurance products to help customers purchase their RVs. In addition, the company provides service and repair services for RVs.
Summary
MarineMax, Inc. has seen revenue and market share growth despite a 46% share price drop in the last year. Analysts believe the company has a bright future, with a growing demand for recreational boats and services, as well as a strong balance sheet. Investors may be encouraged by the company’s focus on customer satisfaction, as well as its strong portfolio of marine products and services. The outlook for MarineMax is positive, and investors should consider adding the stock to their portfolio.
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