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Marine Products Corporation (MPX)

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Upturn Advisory Summary
01/09/2026: MPX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -23.52% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 304.11M USD | Price to earnings Ratio 20.23 | 1Y Target Price 8 |
Price to earnings Ratio 20.23 | 1Y Target Price 8 | ||
Volume (30-day avg) - | Beta 0.86 | 52 Weeks Range 7.37 - 10.26 | Updated Date 06/29/2025 |
52 Weeks Range 7.37 - 10.26 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.44% | Basic EPS (TTM) 0.43 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.84% | Operating Margin (TTM) 4.43% |
Management Effectiveness
Return on Assets (TTM) 5.01% | Return on Equity (TTM) 11.13% |
Valuation
Trailing PE 20.23 | Forward PE - | Enterprise Value 247009354 | Price to Sales(TTM) 1.34 |
Enterprise Value 247009354 | Price to Sales(TTM) 1.34 | ||
Enterprise Value to Revenue 1.09 | Enterprise Value to EBITDA 13.43 | Shares Outstanding 34955400 | Shares Floating 11293055 |
Shares Outstanding 34955400 | Shares Floating 11293055 | ||
Percent Insiders 75.16 | Percent Institutions 15.88 |
Upturn AI SWOT
Marine Products Corporation
Company Overview
History and Background
Marine Products Corporation was founded in 1948. It is a manufacturer of fiberglass boats. The company has grown through organic expansion and a focus on product innovation in the recreational boating industry. It has established a reputation for quality and durability in its product lines.
Core Business Areas
- Recreational Boats: Marine Products Corporation designs, manufactures, and markets a variety of fiberglass recreational boats under several well-known brands. These boats cater to different segments of the boating market, including fishing, cruising, and watersports.
Leadership and Structure
The company is led by a management team responsible for its strategic direction and operational execution. Specific leadership details and the exact organizational structure are best found in their latest annual reports or investor relations materials.
Top Products and Market Share
Key Offerings
- Fish/Ski Boats: These versatile boats are designed for both fishing and watersports, offering features like live wells, rod storage, and ample seating. Competitors include brands like Boston Whaler, Sea Ray, and Yamaha.
- Cuddy/Cabin Boats: These boats provide enclosed cabin space for overnight stays or protection from the elements, suitable for cruising and day trips. Competitors include brands like Regal, Chaparral, and Formula.
- Center Console Boats: Popular for fishing, these boats offer 360-degree access to the water and a central helm station. Competitors include brands like Grady-White, Contender, and Scout Boats.
Market Dynamics
Industry Overview
The recreational boating industry is cyclical and influenced by consumer confidence, economic conditions, interest rates, and disposable income. It is also subject to regulatory changes and environmental concerns. The market is highly competitive.
Positioning
Marine Products Corporation positions itself as a manufacturer of high-quality, durable fiberglass boats. Its competitive advantages often stem from brand reputation, dealer network, and product innovation within its chosen segments.
Total Addressable Market (TAM)
The total addressable market for recreational boats is substantial, measured in billions of dollars globally. Marine Products Corporation's position within this TAM is significant within its specific niche segments, but it is one of many players in the broader market.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and reputation for quality
- Established dealer network
- Experienced management team
- Focus on specific, profitable boat segments
Weaknesses
- Reliance on discretionary consumer spending
- Vulnerability to economic downturns
- Competition from larger, more diversified marine manufacturers
Opportunities
- Growth in specific boating segments (e.g., fishing, watersports)
- Expansion into new geographical markets
- Development of new boat models and technologies
- Increased consumer interest in outdoor recreation
Threats
- Economic recessions impacting consumer spending
- Rising raw material and manufacturing costs
- Increasing competition and pricing pressures
- Unfavorable regulatory changes or environmental policies
Competitors and Market Share
Key Competitors
- Brunswick Corporation (BC)
- Polaris Inc. (PII)
- Malibu Boats, Inc. (MBUU)
Competitive Landscape
Marine Products Corporation's advantages lie in its niche focus and product quality. Disadvantages include its smaller scale compared to industry giants like Brunswick, which can leverage greater economies of scale and broader brand portfolios. The competitive landscape is characterized by innovation, pricing strategies, and distribution network strength.
Growth Trajectory and Initiatives
Historical Growth: The company has demonstrated a history of consistent growth, driven by product development and market penetration within its core segments. Growth rates can vary based on industry cycles and economic conditions.
Future Projections: Future growth projections are typically based on analyst estimates, company guidance, and market trends. These projections would consider new product launches, market expansion, and overall economic outlook.
Recent Initiatives: Recent initiatives may include the introduction of new boat models, enhancements to existing lines, investments in manufacturing efficiency, or strategic partnerships to broaden market reach.
Summary
Marine Products Corporation is a well-established manufacturer of fiberglass recreational boats with a strong reputation. Its core strength lies in its quality products and dealer network. However, it faces challenges from economic cyclicality and competition from larger players. Continued innovation and strategic market positioning will be crucial for its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Investor Relations Websites
- Reputable Financial News Outlets
- Industry Market Research Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. All data is subject to change and may be approximate. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Marine Products Corporation
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 2001-02-28 | President, CEO & Director Mr. Ben M. Palmer | ||
Sector Consumer Cyclical | Industry Recreational Vehicles | Full time employees 617 | |
Full time employees 617 | |||
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets in the United States. 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 Sportboats; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. It 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. Marine Products Corporation is a subsidiary of LOR, Inc.

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