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MasterCraft Boat Holdings
(NASDAQ:MCFT)
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Rating:58Neutral
Price Target:
$21.50
▼(-13.06% Downside)
Action:Reiterated
Date:09/12/26
The score is held up by a low-risk balance sheet (no debt), continued positive free cash flow, and a notably upbeat earnings-call outlook with constructive guidance and operational improvements. These positives are tempered by weak technicals (clear downtrend and negative momentum), a high P/E that reduces valuation support, and recent profitability deterioration to a small GAAP loss.
Positive Factors
Debt-free balance sheet and positive cash generation
The debt-free balance sheet reduces interest burden and preserves flexibility for product investment, integration, or downturn management. Positive free cash flow provides internal funding capacity, although sustaining this benefit depends on restoring stronger cash conversion over time.
Negative Factors
Expected recreational demand contraction
A projected retail decline creates a meaningful demand headwind for a discretionary boat manufacturer and can pressure wholesale orders, production utilization, and dealer purchasing. The company is moderating production, which may protect inventory but also limits near-term volume growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet and positive cash generation
The debt-free balance sheet reduces interest burden and preserves flexibility for product investment, integration, or downturn management. Positive free cash flow provides internal funding capacity, although sustaining this benefit depends on restoring stronger cash conversion over time.
Read all positive factors
MasterCraft Boat Holdings Key Performance Indicators (KPIs)
Any
Net Sales by Segment
Breaks down sales across the company’s business units or channels, such as wholesale vs. direct retail or different brands. Helps investors see how diversified the company’s revenue sources are, which segments are growing or shrinking, and where management should focus investment or cost control to sustain overall growth.
Breaks down sales across the company’s business units or channels, such as wholesale vs. direct retail or different brands. Helps investors see how diversified the company’s revenue sources are, which segments are growing or shrinking, and where management should focus investment or cost control to sustain overall growth.
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The Fly
The FlyMasterCraft Boat Holdings (MCFT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$478.03M
Dividend Yield38.53%
Average Volume (3M)209.05K
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue Growth22.77%
EPS Growth-104.84%
CountryUS
Employees1,400
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-0.02
Shares Outstanding24,339,370
10 Day Avg. Volume260,485
30 Day Avg. Volume209,052
Financial Highlights & Ratios
PEG Ratio2.18
Price to Book (P/B)1.16
Price to Sales (P/S)1.27
P/FCF Ratio19.89
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$26.00Price Target Upside5.14% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)1.94
Revenue Forecast (FY)$341.84M
MasterCraft Boat Holdings Business Overview & Revenue Model
Company Description
MasterCraft Boat Holdings, Inc., a company founded in 1968 and based in Vonore, Tennessee, operates as a designer, manufacturer, and marketer of recreational powerboats. Previously known as MCBC Holdings, Inc., the company adopted its current name...
How the Company Makes Money
MCFT primarily makes money by selling new boats (its core revenue stream) under its brand portfolio through independent dealer networks and, to a lesser extent, other channels as disclosed by the company. Revenue is generally recognized when boats...
MasterCraft Boat Holdings Earnings Call Summary
Earnings Call Date:Sep 10, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call was strongly positive overall. The company reported substantial revenue, adjusted EBITDA, margin, retail, cash-flow, and balance-sheet improvements, outperformed declining industry conditions, completed a transformational acquisition, and provided constructive transition-period guidance. These strengths outweighed the acknowledged challenges of a 5%-10% expected retail decline, delayed market recovery, pontoon and runabout weakness, the Crest impairment, acquisition-related accounting effects, and lower near-term acquired-brand margins.Positive Updates
Strong Full-Year Legacy Performance
Fiscal 2026 legacy net sales were $315.6 million, up 11% year-over-year, while adjusted EBITDA increased 79.6% to $43.8 million from $24.4 million. Adjusted EBITDA margin expanded 530 basis points to 13.9% from 8.6%, exceeding the increased guidance issued last quarter.
Negative Updates
Weak Entry-Level Marine Categories
Retail dynamics remain challenged across marine categories, especially within the entry-level pontoon and runabout markets. Management said the recovery of the retail environment has been delayed.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Full-Year Legacy Performance
Fiscal 2026 legacy net sales were $315.6 million, up 11% year-over-year, while adjusted EBITDA increased 79.6% to $43.8 million from $24.4 million. Adjusted EBITDA margin expanded 530 basis points to 13.9% from 8.6%, exceeding the increased guidance issued last quarter.
Read all positive updates
Company Guidance
For the six-month transition period covering July through December 2026, the combined company expects net sales of between $287 million and $291 million, adjusted EBITDA of between $29 million and $32 million, adjusted earnings per share between $0.66 and $0.76, and capital expenditures of approximately $9 million; for the upcoming September quarter, it expects net sales of approximately $147 million, adjusted EBITDA of approximately $16 million, and adjusted earnings per share of approximately $0.40. The company expects retail market demand to be down approximately 5%-10% over the next six months, will align wholesale production with retail demand, and expects Chaparral and Robalo run rate volume to remain fairly flat on how it exited Q4; depreciation for those businesses is expected to run at approximately $2.7 million per quarter, amortization is expected to normalize at approximately $0.6 million per quarter, and adjusted EBITDA margins are going to be somewhere in that same range as the six-week period’s about 5.5% on a go-forward basis until the company gets through some of its synergies and some of the initial investments.MasterCraft Boat Holdings Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 348.90M | 284.20M | 366.59M | 609.90M | 641.61M |
| Gross Profit | 79.78M | 56.87M | 67.10M | 168.74M | 168.19M |
| EBITDA | 22.78M | 24.28M | 24.60M | 133.18M | 125.00M |
| Net Income | -1.66M | 7.04M | 7.80M | 68.94M | 58.21M |
Balance Sheet | |||||
| Total Assets | 500.43M | 259.95M | 317.98M | 353.98M | 297.05M |
| Cash, Cash Equivalents and Short-Term Investments | 43.87M | 79.44M | 86.24M | 111.38M | 34.20M |
| Total Debt | 0.00 | 0.00 | 49.26M | 53.68M | 56.55M |
| Total Liabilities | 119.14M | 76.36M | 134.10M | 161.89M | 153.40M |
| Stockholders Equity | 381.29M | 183.39M | 183.68M | 191.97M | 143.65M |
Cash Flow | |||||
| Free Cash Flow | 22.28M | 26.39M | -3.86M | 109.63M | 61.02M |
| Operating Cash Flow | 30.40M | 35.59M | 12.50M | 134.20M | 73.31M |
| Investing Cash Flow | -11.41M | 46.04M | -1.78M | -121.43M | -15.82M |
| Financing Cash Flow | -4.16M | -60.10M | -23.14M | -27.15M | -62.54M |
MasterCraft Boat Holdings Technical Analysis
Negative
24.73
Price Trends
24.20
Negative
23.96
Negative
22.45
Negative
Market Momentum
-0.82
Positive
22.64
Positive
3.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCFT, the sentiment is Negative. The current price of 24.73 is above the 20-day moving average (MA) of 23.85, above the 50-day MA of 24.20, and above the 200-day MA of 22.45, indicating a bearish trend. The MACD of -0.82 indicates Positive momentum. The RSI at 22.64 is Positive, neither overbought nor oversold. The STOCH value of 3.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MCFT.
MasterCraft Boat Holdings Risk Analysis
MasterCraft Boat Holdings disclosed 38 risk factors in its most recent earnings report. MasterCraft Boat Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
MasterCraft Boat Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $478.03M | -1,227.50 | -0.70% | 38.53% | 22.77% | -104.84% | |
57 Neutral | $489.78M | 337.72 | 0.32% | ― | 13.25% | -90.28% | |
49 Neutral | $178.82M | -1.44 | -43.62% | 4.42% | 1.32% | -823.52% | |
47 Neutral | $5.52M | -0.09 | -67.71% | ― | 2.97% | 64.51% | |
44 Neutral | $4.70M | >-0.01 | -343.09% | ― | ― | ― |
* Consumer Cyclical Sector Average
MCFT
MasterCraft Boat Holdings
19.64
-3.05
-13.44%
MBUU
Malibu Boats
24.89
-8.41
-25.26%
ONEW
OneWater Marine
10.73
-5.35
-33.27%
VMAR
Vision Marine Technologies
7.20
-5,672.80
-99.87%
VEEE
Twin Vee PowerCats
9.60
-78.83
-89.14%
MasterCraft Boat Holdings Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
MasterCraft Boat Holdings Changes Fiscal Year and Bylaws
Neutral
Jun 30, 2026
On June 30, 2026, MasterCraft Boat Holdings, Inc. approved a change to its fiscal year end from June 30 to December 31, effective July 1, 2026. The company will report a fiscal year 2026 ending June 30, followed by a transition period running July...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.