MPX - Marine Products Corp Stock Price, Fair Value and News

11.30USD+0.20 (+1.80%)Market Closed

Market Summary

USD11.30+0.20

Market Closed

1.80%

MPX Stock Price

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MPX RSI Chart

MPX Valuation

Market Cap

393.0M

Price/Earnings (Trailing)

11.31

Price/Sales (Trailing)

1.18

EV/EBITDA

6.81

Price/Free Cashflow

10.75

MPX Price/Sales (Trailing)

MPX Profitability

EBT Margin

12.92%

Return on Equity

22.95%

Return on Assets

17.03%

Free Cashflow Yield

9.3%

MPX Fundamentals

MPX Revenue

Revenue (TTM)

334.2M

Rev. Growth (Yr)

-41.69%

Rev. Growth (Qtr)

-2.16%

MPX Earnings

Earnings (TTM)

34.7M

Earnings Growth (Yr)

-60.2%

Earnings Growth (Qtr)

-15.22%

Breaking Down MPX Revenue

Last 7 days

3.9%

Last 30 days

5.1%

Last 90 days

8.2%

Trailing 12 Months

-16.0%

How does MPX drawdown profile look like?

MPX Financial Health

Current Ratio

4.7

MPX Investor Care

Dividend Yield

4.94%

Dividend/Share (TTM)

0.56

Shares Dilution (1Y)

0.71%

Diluted EPS (TTM)

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	334.2M	0	0	0
2023	423.3M	443.6M	421.4M	383.7M
2022	296.3M	324.8M	349.0M	381.0M
2021	259.1M	285.5M	292.6M	298.0M
2020	268.2M	220.3M	216.9M	239.8M
2019	304.1M	305.8M	306.0M	292.1M
2018	273.8M	289.3M	302.1M	298.6M
2017	248.7M	255.1M	259.0M	267.3M
2016	220.1M	225.7M	234.0M	241.3M
2015	174.0M	185.5M	194.6M	207.1M
2014	171.7M	177.5M	173.4M	171.1M
2013	155.4M	159.2M	162.7M	168.3M
2012	117.1M	126.5M	142.7M	148.9M
2011	103.7M	101.1M	99.3M	106.4M
2010	0	60.0M	80.5M	101.0M
2009	0	0	0	39.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Marine Products Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 26, 2024	palmer ben m	sold (taxes)	-41,238	10.44	-3,950	president and ceo
Jan 26, 2024	schmit michael	sold (taxes)	-11,003	10.44	-1,054	cfo and corporate secretary
Jan 26, 2024	hubbell richard a	sold (taxes)	-36,832	10.44	-3,528	executive chairman of board
Jan 25, 2024	hubbell richard a	sold (taxes)	-19,778	10.35	-1,911	executive chairman of board
Jan 25, 2024	palmer ben m	sold (taxes)	-33,047	10.35	-3,193	president and ceo
Jan 25, 2024	schmit michael	sold (taxes)	-12,275	10.35	-1,186	cfo and corporate secretary
Jan 23, 2024	hubbell richard a	sold (taxes)	-15,930	11.33	-1,406	executive chairman of board
Jan 23, 2024	palmer ben m	sold (taxes)	-12,734	11.33	-1,124	president and ceo
Jan 23, 2024	palmer ben m	acquired	-	-	50,000	president and ceo
Jan 23, 2024	hubbell richard a	acquired	-	-	30,000	executive chairman of board

Which funds bought or sold MPX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	CENTRAL TRUST Co	sold off	-100	-6,909	-	-%
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	sold off	-100	-156,410	-	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-76.41	-11,000	3,000	-%
Apr 19, 2024	DENALI ADVISORS LLC	added	27.67	199,130	829,550	0.24%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	added	1.21	6,457	155,934	-%
Apr 05, 2024	LOS ANGELES CAPITAL MANAGEMENT LLC	reduced	-7.68	-31,450	617,404	-%
Apr 05, 2024	CWM, LLC	added	1.55	-	3,000	-%
Mar 11, 2024	VANGUARD GROUP INC	added	6.76	-942,190	5,622,620	-%
Mar 08, 2024	TRUST CO OF VERMONT	unchanged	-	-1,554	6,304	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	99.72	122,699	326,428	-%

Are Funds Buying or Selling MPX?

Are funds buying MPX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MPX

No. of Funds

Unveiling Marine Products Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 05, 2022	rollins gary w	61.4%	21,001,939	SC 13D/A
Jun 08, 2021	rollins gary w	67.5%	22,949,046	SC 13D/A
Dec 09, 2020	rollins gary w	3.3%	1,101,971	SC 13D/A
Sep 04, 2020	gamco investors, inc. et al	0.74%	252,000	SC 13D/A
Aug 21, 2020	rollins gary w	3.2%	1,101,971	SC 13D/A
Jul 02, 2020	rollins r randall	70.6%	23,971,570	SC 13D/A

Recent SEC filings of Marine Products Corp

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	8-K	Current Report
Apr 25, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 23, 2024	S-8	Employee Benefits Plan
Mar 14, 2024	DEFA14A	DEFA14A
Mar 14, 2024	DEFA14A	DEFA14A
Mar 14, 2024	DEF 14A	DEF 14A
Mar 14, 2024	ARS	ARS
Feb 28, 2024	10-K	Annual Report
Jan 29, 2024	4	Insider Trading

Peers (Alternatives to Marine Products Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	468.9B	94.7B	-4.14%	10.77%	34.45	4.95	10.12%	15.85%
GM	52.1B	174.9B	3.68%	41.59%	4.86	0.3	8.79%	14.11%
F	51.9B	177.5B	4.90%	13.08%	13.2	0.29	7.54%	33.01%
APTV	19.6B	20.1B	-8.45%	-31.83%	6.66	0.98	14.65%	394.61%
KMX	10.9B	26.5B	-19.32%	1.86%	22.72	0.41	-10.61%	-1.15%
MID-CAP
BWA	7.5B	15.0B	-2.44%	-31.87%	12.07	0.5	12.05%	-33.79%
ALSN	7.0B	3.0B	0.38%	76.73%	10.4	2.31	9.61%	26.74%
ABG	4.4B	14.8B	-3.76%	16.69%	7.35	0.3	-4.09%	-39.59%
GT	3.3B	20.1B	-10.25%	14.33%	-4.84	0.17	-3.55%	-440.59%
ADNT	2.7B	15.4B	-7.87%	-20.20%	12.59	0.17	7.09%	494.44%
SMALL-CAP
BLBD	1.1B	1.2B	-7.29%	93.29%	17.86	0.9	33.91%	215.64%
AXL	871.0M	6.1B	5.53%	6.13%	-25.92	0.14	4.78%	-152.26%
CAAS	107.8M	576.4M	9.85%	-17.93%	2.86	0.19	8.84%	77.79%
WKHS	50.4M	13.1M	-27.27%	-82.30%	-0.41	3.85	160.69%	-5.67%
AYRO	7.2M	498.9K	-12.05%	160.71%	-0.21	14.45	-83.32%	-48.94%

Marine Products Corp News

Latest updates

Marine Products Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.2%	69.00	71.00	78.00	116	119	109	100	96.00	77.00	77.00	76.00	67.00	78.00	71.00	69.00	41.00	59.00	48.00	72.00	89.00	83.00
Gross Profit	3.9%	14.00	13.00	19.00	29.00	29.00	27.00	25.00	23.00	18.00	19.00	16.00	15.00	18.00	17.00	16.00	8.00	12.00	11.00	16.00	20.00	19.00
S&GA Expenses	13.3%	9.00	8.00	9.00	12.00	15.00	12.00	10.00	10.00	9.00	8.00	8.00	7.00	8.00	8.00	8.00	6.00	7.00	6.00	6.00	9.00	10.00
EBITDA Margin	-3.5%	0.14*	0.14*	0.15*	0.14*	0.14*	0.14*	0.14*	0.13*	0.13*	0.13*	0.13*	0.13*	-	-	-	-	-	-	-	-	-
Income Taxes	25.6%	1.00	1.00	3.00	3.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	0.00	1.00	1.00	2.00	2.00	1.00
Earnings Before Taxes	-7.9%	6.00	7.00	13.00	17.00	15.00	15.00	15.00	13.00	9.00	11.00	8.00	7.00	10.00	9.00	8.00	2.00	5.00	4.00	10.00	11.00	9.00
EBT Margin	-4.7%	0.13*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.13*	0.12*	0.12*	0.12*	0.12*	-	-	-	-	-	-	-	-	-
Net Income	-15.2%	5.00	5.00	10.00	14.00	12.00	12.00	11.00	10.00	7.00	8.00	7.00	6.00	8.00	7.00	7.00	2.00	4.00	4.00	8.00	9.00	7.00
Net Income Margin	-4.3%	0.10*	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.10*	0.09*	0.10*	0.09*	0.10*	-	-	-	-	-	-	-	-	-
Free Cashflow	0.9%	15.00	15.00	-1.82	8.00	25.00	21.00	9.00	12.00	4.00	9.00	-14.90	-2.33	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	5.3%	204	194	197	190	184	164	162	150	142	133	140	136	130	119	117	111	110	105	119	114	111
Current Assets	6.3%	148	139	145	143	143	125	125	112	104	93.00	100	96.00	91.00	81.00	83.00	77.00	77.00	71.00	85.00	80.00	78.00
Cash Equivalents	12.9%	81.00	72.00	61.00	66.00	63.00	43.00	27.00	22.00	14.00	14.00	10.00	29.00	35.00	32.00	29.00	23.00	20.00	20.00	23.00	13.00	18.00
Inventory	-10.4%	55.00	62.00	70.00	61.00	67.00	73.00	83.00	78.00	78.00	73.00	77.00	57.00	46.00	42.00	43.00	43.00	46.00	42.00	45.00	51.00	48.00
Net PPE	0.9%	23.00	22.00	21.00	21.00	16.00	15.00	14.00	14.00	14.00	14.00	14.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00
Goodwill	0%	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Liabilities	24.7%	53.00	42.00	47.00	47.00	51.00	39.00	45.00	41.00	40.00	34.00	46.00	45.00	41.00	35.00	37.00	34.00	33.00	28.00	37.00	35.00	37.00
Current Liabilities	39.6%	32.00	23.00	28.00	28.00	34.00	24.00	31.00	26.00	25.00	18.00	30.00	30.00	27.00	22.00	25.00	23.00	24.00	17.00	27.00	25.00	28.00
Shareholder's Equity	-0.1%	151	152	150	144	133	124	116	108	101	99.00	94.00	91.00	89.00	85.00	80.00	77.00	77.00	77.00	82.00	79.00	74.00
Retained Earnings	-0.2%	148	148	147	140	130	123	115	107	101	98.00	93.00	90.00	87.00	83.00	80.00	76.00	76.00	77.00	81.00	78.00	73.00
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	2.1%	33.00	33.00	32.00	34.00	34.00	33.00	33.00	33.00	32.00	32.00	31.00	31.00	31.00	30.00	30.00	29.00	29.00	28.00	28.00	27.00	27.00
Shares Outstanding	0.6%	35.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	140	-	-	-	78.00	-	-	-	142	-	-	-	98.00	-	-	-	111	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-4.5%	15,915	16,668	-607	13,839	26,946	22,220	9,971	12,638	4,519	9,078	-14,724	-2,024	8,127	7,239	10,940	5,641	6,054	5,843	15,711	319	12,044
Share Based Compensation	10.3%	956	867	834	1,233	777	599	678	820	610	593	572	571	553	445	1,500	581	576	497	544	544	538
Cashflow From Investing	-48.4%	-883	-595	-82.00	-5,405	-1,789	-1,127	-575	-596	-202	-528	-179	-305	-236	-641	-393	-366	-665	-321	-294	-611	6,571
Cashflow From Financing	-19.3%	-5,759	-4,826	-4,821	-4,820	-5,727	-4,782	-4,104	-4,096	-4,797	-4,078	-4,076	-4,078	-4,448	-4,039	-4,147	-2,725	-5,129	-8,748	-5,354	-5,088	-9,013
Dividend Payments	0.5%	4,852	4,826	4,821	4,820	4,817	4,782	4,104	4,096	4,095	4,078	4,076	4,077	3,398	4,064	2,716	2,696	4,074	7,464	4,083	4,092	4,117
Buy Backs	358.1%	907	198	834	-1,230	910	65.00	680	-810	702	286	-572	1.00	1,050	-25.00	1,431	29.00	1,055	1,284	1,271	996	4,896

MPX Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 383,729	$ 380,995	$ 298,014
Cost of goods sold	293,350	287,278	229,742
Gross profit	90,379	93,717	68,272
Selling, general and administrative expenses	43,213	41,921	31,880
Gain on disposition of assets, net	(2,036)
Operating income	49,202	51,796	36,392
Interest income, net	2,860	338	16
Income before income taxes	52,062	52,134	36,408
Income tax provision	10,367	11,787	7,382
Net income	$ 41,695	$ 40,347	$ 29,026
Earnings per share
Basic (in dollars per share)	$ 1.21	$ 1.18	$ 0.85
Diluted (in dollars per share)	1.21	1.18	0.85
Dividends paid per share (in dollars per share)	$ 0.56	$ 0.50	$ 0.46

MPX Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 71,952,000	$ 43,171,000
Accounts receivable, net of allowance for credit losses of $11 in 2023 and $12 in 2022	2,475,000	5,340,000
Inventories	61,611,000	73,015,000
Income taxes receivable	361,000	28,000
Pension plan assets		356,000
Prepaid expenses and other current assets	2,847,000	3,088,000
Total current assets	139,246,000	124,998,000
Property, plant and equipment, net of accumulated depreciation of $32,789 in 2023 and $33,055 in 2022	22,456,000	14,965,000
Goodwill	3,308,000	3,308,000
Other intangibles, net	465,000	465,000
Deferred income taxes	8,590,000	6,027,000
Retirement plan assets	15,379,000	9,881,000
Other assets	4,358,000	4,071,000
Total assets	193,802,000	163,715,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	6,071,000	8,250,000
Accrued expenses and other liabilities	16,496,000	15,340,000
Total current liabilities	22,567,000	23,590,000
Retirement plan liabilities	17,998,000	14,440,000
Other long-term liabilities	1,649,000	1,304,000
Total liabilities	42,214,000	39,334,000
Commitments and contingencies (Note 11)
Stockholders' Equity
Preferred stock, $0.10 par value, 1,000,000 shares authorized, none issued
Common stock, $0.10 par value, 74,000,000 shares authorized, issued and outstanding - 34,466,726 shares in 2023 and 34,217,582 shares in 2022	3,447,000	3,422,000
Retained earnings	148,141,000	122,954,000
Accumulated other comprehensive loss	0	(1,995,000)
Total stockholders' equity	151,588,000	124,381,000
Total liabilities and stockholders' equity	$ 193,802,000	$ 163,715,000

About Marine Products Corp

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a network of domestic and international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.

CEO	Mr. Ben M. Palmer
WEBSITE	marineproductscorp.com
INDUSTRY	Autos
EMPLOYEES	935

Marine Products Corp Frequently Asked Questions

What is the ticker symbol for Marine Products Corp? What does MPX stand for in stocks?

MPX is the stock ticker symbol of Marine Products Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Marine Products Corp (MPX)?

As of Thu Apr 25 2024, market cap of Marine Products Corp is 391.92 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MPX stock?

You can check MPX's fair value in chart for subscribers.

What is the fair value of MPX stock?

You can check MPX's fair value in chart for subscribers. The fair value of Marine Products Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Marine Products Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MPX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Marine Products Corp a good stock to buy?

The fair value guage provides a quick view whether MPX is over valued or under valued. Whether Marine Products Corp is cheap or expensive depends on the assumptions which impact Marine Products Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MPX.

What is Marine Products Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 25 2024, MPX's PE ratio (Price to Earnings) is 9.4 and Price to Sales (PS) ratio is 1.02. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MPX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Marine Products Corp's stock?

In the past 10 years, Marine Products Corp has provided 0.074 (multiply by 100 for percentage) rate of return.