I think MarineMax Inc ($HZO) is a Cautious Buy/Hold. It currently should be $16. Confident Investor Rating: Fair
| Company name | MarineMax Inc |
| Stock ticker | HZO |
| Live stock price | [stckqut]HZO[/stckqut] |
| P/E compared to competitors | Good |
MANAGEMENT EXECUTION
| Employee productivity | Good |
| Sales growth | Fair |
| EPS growth | Poor |
| P/E growth | Poor |
| EBITDA growth | Good |
| Price growth | Poor |
| R&D growth | Poor |
| Income growth | Good |
| Assets growth | Fair |
| Return on Assets growth | Good |
| Income / Rev growth | Good |
| TWCA Plus | Good |
| Standard TWCA | Fair |
| Weighted ann. stock price increase | Good |
ANALYSIS
| Confident Investor Rating | Fair |
| Target stock price (TWCA growth scenario) | $32.08 |
| Target stock price (averages with growth) | $5.85 |
| Target stock price (averages with no growth) | $7.18 |
| Target stock price (manual assumptions) | $13.54 |
The following company description is from Reuters: https://finance.yahoo.com/quote/hzo/profile?p=hzo
MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats. It also provides marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company offers novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters power yachts. Further, it provides new or used boat finance services; and arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance coverage. As of November 11, 2019, the company had 59 retail locations in Alabama, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, and Texas. Additionally, operates vacations in Tortola, British Virgin Islands. The company also markets and sells its products through offsite locations, print catalog, and Internet. MarineMax, Inc. was founded in 1998 and is headquartered in Clearwater, Florida.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in MarineMax Inc as long as the price is correct and the indicators that I describe in my book The Confident Investor are favorable. Most of the fundamentals of this company are good but there are some concerns. Due to those concerns and the fact that the company barely made it to Fair, I am removing MarineMax from my Watch List as there are better investment opportunities on the market.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of MarineMax Inc calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $20.72
- Growth: 0.14
- Current EPS (TTM): $1.253
- P/E: 9.03864346092882
- Future EPS Calc: $2.41
- Future Stock Price Calc: $21.8
- Target stock price: $13.53
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I hope that this makes you a Confident Investor.