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Marine Products Corporation (MPX)



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Upturn Advisory Summary
08/14/2025: MPX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -22.38% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 1965 as a custom boat builder. It has evolved into a leading manufacturer of fiberglass boats, focusing on runabouts and cruisers.
Core Business Areas
- Fiberglass Boats: The primary business segment, manufacturing and selling fiberglass boats under the Chaparral and Robalo brands. Chaparral focuses on sterndrive and outboard runabouts and cruisers, while Robalo specializes in offshore fishing boats.
Leadership and Structure
The leadership team consists of seasoned executives with experience in the marine industry. The organizational structure includes sales, marketing, manufacturing, and finance departments.
Top Products and Market Share
Key Offerings
- Chaparral Runabouts: Chaparral runabouts are known for their quality and design. Market share for runabouts is estimated at 5% across the total recreational boat market. Competitors include Brunswick Corporation (BC) and Malibu Boats (MBUU).
- Robalo Offshore Fishing Boats: Robalo offshore fishing boats cater to anglers. Market share for offshore fishing boats is estimated at 4% across the total recreational boat market. Key competitors include Boston Whaler (owned by Brunswick Corporation) and Grady-White.
Market Dynamics
Industry Overview
The recreational boating industry is cyclical, influenced by economic conditions and consumer confidence. Demand is driven by leisure spending and outdoor activities.
Positioning
Marine Products Corporation is positioned as a premium boat manufacturer, known for quality and innovation. It has a strong dealer network and brand reputation.
Total Addressable Market (TAM)
The TAM for recreational boats is estimated at $40 billion annually. Marine Products Corporation is positioned to capture a small percentage of this, focusing on specific boat categories and customer segments.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Extensive dealer network
- High-quality products
- Financial stability
Weaknesses
- Dependence on economic cycles
- Concentrated product portfolio
- Limited international presence
Opportunities
- Expansion into new markets
- Introduction of innovative products
- Strategic acquisitions
- Growing demand for recreational boating
Threats
- Economic downturns
- Increased competition
- Rising material costs
- Changing consumer preferences
Competitors and Market Share
Key Competitors
- Brunswick Corporation (BC)
- Malibu Boats (MBUU)
- MasterCraft Boat Holdings, Inc. (MCFT)
Competitive Landscape
Marine Products Corporation competes on quality, design, and innovation. Brunswick Corporation is a larger, more diversified competitor, while Malibu Boats focuses on performance boats. MasterCraft competes in the towboat segment.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been cyclical, driven by economic conditions and consumer spending.
Future Projections: Analyst estimates suggest moderate growth in revenue and earnings, driven by product innovation and market expansion.
Recent Initiatives: Recent initiatives include introducing new boat models, expanding the dealer network, and investing in marketing and brand building.
Summary
Marine Products Corporation is a well-established boat manufacturer with a solid brand and dealer network, but it is exposed to economic cycles. Its financial performance depends on consumer confidence and spending patterns. Continued innovation and expansion into new markets are crucial for future growth. They need to watch out for economic downturns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and based on available industry reports. Financial data is subject to change.
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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