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Marine Products Corporation (MPX)
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Upturn Advisory Summary
02/23/2026: MPX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
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 (NYSE: MPX) was founded in 1983. It is a leading independent manufacturer of fiberglass boats. The company has grown through organic expansion and a focus on premium product lines. Key milestones include the development of its distinct product offerings and consistent market presence.
Core Business Areas
- Sterndrive and Outboard Boat Manufacturing: Marine Products Corporation designs, manufactures, and sells sterndrive and outboard boats under its Chaparral and Robalo brands. Chaparral is known for its high-quality runabouts and deck boats, while Robalo is recognized for its premium saltwater fishing boats.
Leadership and Structure
The company is led by a seasoned management team. Key executives include the CEO, CFO, and heads of various operational and sales departments. The organizational structure is designed to support efficient product development, manufacturing, and distribution.
Top Products and Market Share
Key Offerings
- Chaparral Boats: A premium brand offering a range of runabouts, deck boats, and surf boats. Competitors include brands like Sea Ray, Boston Whaler, and Yamaha Boats. Specific market share data for individual product lines is not publicly disclosed but the Chaparral brand is a significant contributor to MPX's revenue.
- Robalo Boats: A premium brand specializing in saltwater fishing boats, including center consoles, dual consoles, and expresses. Competitors include brands like Grady-White, Scout Boats, and Contender. Similar to Chaparral, specific market share for Robalo is not itemized, but it represents a key segment of the company's business.
Market Dynamics
Industry Overview
The recreational boat industry is cyclical and influenced by economic conditions, consumer confidence, and disposable income. The market is segmented by boat type, size, and price point. There is a growing trend towards larger, more feature-rich boats and an increasing interest in saltwater fishing. OEM production and dealer networks are critical components of the industry.
Positioning
Marine Products Corporation positions itself as a premium manufacturer, focusing on quality, innovation, and customer satisfaction. Its competitive advantages lie in its strong brand reputation, well-established dealer network, and efficient manufacturing processes. The company competes effectively in the mid-to-high end segments of the sterndrive and outboard boat markets.
Total Addressable Market (TAM)
The TAM for the global recreational boat market is substantial, estimated to be in the tens of billions of dollars. Marine Products Corporation operates within the US domestic market primarily, which represents a significant portion of this global TAM. Its positioning in the premium segment allows it to capture value within its serviceable obtainable market (SOM).
Upturn SWOT Analysis
Strengths
- Strong brand reputation for quality and performance (Chaparral and Robalo).
- Vertically integrated manufacturing processes for cost control and quality assurance.
- Experienced management team with deep industry knowledge.
- Well-established and loyal dealer network.
- Focus on premium segments with higher profit margins.
Weaknesses
- Cyclical nature of the recreational boating industry.
- Reliance on a relatively small product portfolio compared to larger conglomerates.
- Potential vulnerability to fluctuations in raw material costs (e.g., fiberglass, engines).
Opportunities
- Growth in the saltwater fishing segment (Robalo brand).
- Expansion into new geographic markets.
- Introduction of new models and product innovations.
- Potential for strategic partnerships or acquisitions.
- Leveraging evolving consumer preferences for boating experiences.
Threats
- Economic downturns impacting consumer discretionary spending.
- Increasing competition from domestic and international manufacturers.
- Changes in environmental regulations affecting boat manufacturing and usage.
- Disruptions in the supply chain for key components (e.g., engines).
- Rising interest rates affecting financing for boat purchases.
Competitors and Market Share
Key Competitors
- Brunswick Corporation (NYSE: BC)
- Yamaha Motor Co., Ltd. (OTC: YAMHF)
Competitive Landscape
Marine Products Corporation's advantage lies in its focused approach to premium segments and strong brand loyalty. However, larger competitors like Brunswick have broader product portfolios and greater economies of scale. Yamaha is a dominant force in outboard engines and also offers boats.
Growth Trajectory and Initiatives
Historical Growth: Marine Products Corporation has demonstrated a historical growth trajectory driven by its premium brands and expansion within its core segments. The company has shown resilience through various economic cycles.
Future Projections: Future growth is expected to be driven by continued demand for its Chaparral and Robalo brands, product innovation, and potential market expansion. Analyst estimates for future revenue and earnings growth would provide specific projections.
Recent Initiatives: Recent initiatives likely focus on enhancing manufacturing efficiency, developing new boat models to meet evolving customer demands, expanding dealer networks, and exploring new technologies in boat design and propulsion.
Summary
Marine Products Corporation is a well-established manufacturer of premium fiberglass boats with strong brand recognition. Its focus on quality and a dedicated dealer network contributes to its stable financial performance. While the recreational boating industry is cyclical, MPX has demonstrated resilience. The company needs to continuously innovate and adapt to evolving market demands and competitive pressures to sustain its growth.
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Sources and Disclaimers
Data Sources:
- Company Investor Relations (SEC Filings)
- Industry Research Reports
- Financial News Outlets
Disclaimers:
This JSON output is generated based on publicly available information and general industry knowledge. It is not financial advice and should not be used for investment decisions without further due diligence. Market share data is illustrative and may not reflect precise, up-to-date figures.
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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