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Marine Products Corporation (MPX)
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Upturn Advisory Summary
12/09/2025: 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.
Analysis of Past Performance
Type Stock | Historic Profit -27.15% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/09/2025 |
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 1945 as a small boat manufacturer. Over the decades, it has grown into a leading producer of recreational boats, with significant milestones including the introduction of its flagship Chaparral brand in the 1960s and the acquisition of the Robalo brand in 2001, expanding its market reach into offshore fishing boats. The company has evolved by focusing on innovation, quality, and a strong dealer network.
Core Business Areas
- Boating Segment: Marine Products Corporation designs, manufactures, and sells a wide range of fiberglass recreational boats. This includes sterndrive, outboard, and jet-driven boats. The company primarily operates through two distinct brands: Chaparral, known for its high-quality sterndrive and outboard sportboats and surfboats, and Robalo, which focuses on premium offshore sportfishing boats.
Leadership and Structure
Marine Products Corporation is led by a management team including a President and CEO, a Chief Financial Officer, and a Vice President of Operations. The company operates with a divisional structure centered around its two main brands, Chaparral and Robalo, each with dedicated design, manufacturing, and marketing teams, all overseen by corporate leadership.
Top Products and Market Share
Key Offerings
- Chaparral Boats: Chaparral offers a diverse lineup of boats, including sterndrive bowriders, deck boats, surf boats, and outboard models. These are known for their performance, comfort, and innovative features. Competitors include brands like Sea Ray, Boston Whaler (for certain segments), Cobalt Boats, and Yamaha Boats. Specific revenue figures for Chaparral are not publicly broken out, but it is the larger of the two brands.
- Robalo Boats: Robalo specializes in center console and dual console sportfishing boats, designed for serious anglers. These boats are recognized for their rugged construction, seaworthiness, and fishing-focused amenities. Key competitors include Boston Whaler, Contender, Scout Boats, and Grady-White Boats. Similar to Chaparral, specific revenue figures for Robalo are not disclosed separately.
Market Dynamics
Industry Overview
The recreational boating industry is cyclical and influenced by macroeconomic factors such as consumer confidence, interest rates, and disposable income. The industry has seen growth driven by demand for outdoor recreation, particularly during and following the COVID-19 pandemic. Key trends include increased interest in larger boats, offshore fishing, and surf-oriented vessels, as well as a shift towards outboard propulsion in certain segments.
Positioning
Marine Products Corporation is positioned as a premium manufacturer of recreational boats, focusing on quality, innovation, and customer satisfaction. Its dual-brand strategy allows it to cater to distinct market segments: Chaparral for versatile family recreation and watersports, and Robalo for dedicated sportfishing. The company's competitive advantages lie in its strong brand reputation, efficient manufacturing processes, and an established dealer network.
Total Addressable Market (TAM)
The total addressable market for recreational boats in the US is substantial, with industry-wide retail sales in the billions of dollars annually. While precise figures for Marine Products Corporation's addressable market are not public, the company competes in segments that represent a significant portion of this market. Its positioning as a premium brand targets a specific, affluent demographic within this TAM.
Upturn SWOT Analysis
Strengths
- Strong brand recognition for Chaparral and Robalo.
- High-quality product offerings with innovative features.
- Efficient manufacturing operations and supply chain management.
- Established and loyal dealer network.
- Experienced management team.
Weaknesses
- Dependence on discretionary consumer spending.
- Vulnerability to economic downturns.
- Limited product diversification outside recreational boats.
- Potential challenges in global supply chain disruptions.
Opportunities
- Growing demand for outdoor recreational activities.
- Expansion into new geographic markets.
- Introduction of new boat models and technologies.
- Potential for strategic partnerships or acquisitions.
- Increased adoption of sustainable manufacturing practices.
Threats
- Economic recessions impacting consumer spending.
- Rising interest rates making financing more expensive.
- Increased competition from domestic and international manufacturers.
- Fluctuations in raw material costs.
- Regulatory changes impacting boat manufacturing and sales.
Competitors and Market Share
Key Competitors
- Sea Ray (US Stock Symbol: SR)
- Boston Whaler (US Stock Symbol: BW - note: part of a larger conglomerate, not standalone public)
- Cobalt Boats (US Stock Symbol: CB)
- Grady-White Boats (US Stock Symbol: GW - note: privately held)
- Scout Boats (US Stock Symbol: SB)
Competitive Landscape
Marine Products Corporation holds a strong position within the premium segment of the recreational boat market. Its dual-brand strategy provides a competitive edge by addressing distinct consumer needs. While competitors like Sea Ray and Boston Whaler are formidable, Marine Products Corporation's focus on quality, innovation, and customer experience allows it to maintain its market share. However, the industry is fragmented, and the company faces continuous pressure from both established players and emerging manufacturers.
Growth Trajectory and Initiatives
Historical Growth: Marine Products Corporation has experienced consistent historical growth, driven by its strong brand portfolio, product innovation, and expanding market presence. The company has successfully navigated economic cycles, maintaining a focus on quality and customer satisfaction. This growth has been organic, stemming from increased sales of its Chaparral and Robalo lines.
Future Projections: Future growth is projected to be supported by continued demand for recreational boating, driven by outdoor lifestyle trends. Analyst estimates often anticipate modest to steady revenue and earnings growth, assuming favorable economic conditions and effective execution of the company's strategies. Expansion of product lines and potential market share gains in specific segments are key drivers.
Recent Initiatives: Recent initiatives have likely focused on product development, particularly in expanding their surfboat offerings and enhancing the features of their Robalo fishing boats. Operational efficiency improvements and strategic management of dealer relationships are also ongoing priorities. The company may also be exploring technological advancements in boat manufacturing and design.
Summary
Marine Products Corporation is a well-established recreational boat manufacturer with strong brand recognition in the premium segment. Its dual-brand strategy, focusing on quality and innovation, has driven consistent historical growth. The company is well-positioned to capitalize on the growing demand for outdoor recreation. However, it remains susceptible to economic downturns and competition, necessitating continued focus on operational efficiency and product development.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Marine Products Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Market Research Reports (e.g., NMMA)
- Financial News and Analysis Websites
Disclaimers:
This information is for informational purposes only and should not be considered investment advice. Financial data and market share figures are estimates and may vary depending on the source and methodology. Market share data for privately held companies or divisions of larger conglomerates is approximate. Past performance is not indicative of future results.
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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