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Malibu Boats
(NASDAQ:MBUU)
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Rating:57Neutral
Price Target:
$28.00
▲(5.11% Upside)
Action:Reiterated
Date:08/27/26
The score is anchored by mixed fundamentals: solid free cash flow and a still-healthy balance sheet help, but sharp margin compression and a TTM net loss are a major drag. Technicals are weak with the stock trading below key moving averages and low RSI/Stoch readings. Offsetting these, management’s FY2027 guidance and Q4 strength point to a potential earnings recovery, and the refinancing improves financial flexibility, but near-term margin headwinds remain.
Positive Factors
Saxdor-driven growth
Saxdor broadens Malibu’s premium and international reach while adding a meaningful growth platform. Its planned domestic production and expected volume expansion could improve scale, diversify the portfolio, and support stronger consolidated revenue over the next several quarters.
Negative Factors
Structural margin compression
Lower gross and EBITDA margins show that input-cost inflation and operating inefficiencies are materially affecting profitability. Unless sourcing, pricing, and production improvements offset these pressures, weaker margin conversion could limit earnings recovery even if revenue grows.
Read all positive and negative factors
Positive Factors
Negative Factors
Saxdor-driven growth
Saxdor broadens Malibu’s premium and international reach while adding a meaningful growth platform. Its planned domestic production and expected volume expansion could improve scale, diversify the portfolio, and support stronger consolidated revenue over the next several quarters.
Read all positive factors
Malibu Boats Key Performance Indicators (KPIs)
Malibu Boats (MBUU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$523.13M
Dividend YieldN/A
Average Volume (3M)255.69K
Price to Earnings (P/E)390.8
Beta (1Y)1.04
Revenue Growth13.25%
EPS Growth-90.28%
CountryUS
Employees2,200
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)0.07
Shares Outstanding19,637,041
10 Day Avg. Volume212,892
30 Day Avg. Volume255,690
Financial Highlights & Ratios
PEG Ratio-4.12
Price to Book (P/B)1.03
Price to Sales (P/S)0.59
P/FCF Ratio12.63
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
$30.00Price Target Upside12.61% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)2.47
Revenue Forecast (FY)$1.09B
Malibu Boats Business Overview & Revenue Model
Company Description
Malibu Boats, Inc. is a company dedicated to the entire process of developing, producing, promoting, and selling a wide array of recreational powerboats. It manages its operations through three distinct divisions: Malibu, Saltwater Fishing, and Co...
How the Company Makes Money
Malibu Boats primarily makes money by manufacturing and selling boats to a dealer network; revenue is recognized on wholesale sales to independent dealers (and, in some cases, distributors) who then sell to end consumers. A significant portion of ...
Malibu Boats Earnings Call Summary
Earnings Call Date:Aug 27, 2026
(Q4-2026)
| Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive tone driven by a very strong Q4, meaningful margin expansion in the quarter, successful initial integration and revenue contribution from the Saxdor acquisition, improved cash generation, a strengthened balance sheet and constructive FY2027 guidance that envisions substantial revenue and EBITDA growth. Key near-term negatives include full-year GAAP earnings hit by acquisition expenses, FY2026 margin compression year-to-date driven by input cost inflation, legacy unit declines over the full year, and a temporary margin drag from accelerated Saxdor investments and ramping Fort Pierce production. Management expects Saxdor margins to improve as domestic manufacturing scales and sees structural upside from product innovation, centralized sourcing and dealer/financing initiatives.Positive Updates
Strong Q4 Revenue and EBITDA Growth
Net sales increased 42.7% year-over-year to $295.5 million in Q4; adjusted EBITDA rose 72.7% to $33.9 million with adjusted EBITDA margin expanding to 11.5% from 9.5% (a 200-basis-point improvement noted by management).
Negative Updates
Full-Year GAAP Net Income Decline
GAAP net income for fiscal 2026 decreased 88.8% to $1.7 million ($0.09 per diluted share), primarily due to acquisition and integration-related expenses tied to Saxdor.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Q4 Revenue and EBITDA Growth
Net sales increased 42.7% year-over-year to $295.5 million in Q4; adjusted EBITDA rose 72.7% to $33.9 million with adjusted EBITDA margin expanding to 11.5% from 9.5% (a 200-basis-point improvement noted by management).
Read all positive updates
Company Guidance
Malibu guided fiscal 2027 net sales of $1.080–$1.120 billion and adjusted EBITDA of $101–$109 million (implying roughly a ~9.4–9.7% consolidated EBITDA margin), and for Q1 FY27 expects net sales of $255–$265 million with adjusted EBITDA of $14–$16 million (noting first-half margins will be lower than the second half due primarily to Saxdor ramp costs). The outlook assumes low- to mid-single-digit growth at legacy brands and mid-teens revenue growth at Saxdor (Saxdor pro forma FY run-rate ~ $180 million), with Saxdor’s adjusted EBITDA margin targeted to improve toward the ~10–11% range as domestic manufacturing scales; guidance also embeds tariffs at currently enacted rates and no incremental capital spending to meet recovery demand. Financial flexibility targets and capital allocation include a $70 million new share repurchase authorization, a refinanced credit facility (a $100 million term loan plus a $250 million revolver, maturity July 2031), year-end cash of $74.4 million, long-term debt of $165 million, net leverage ~1.2x trending toward ~1.0x pro forma, and an FY26 free cash flow of ~$43.2 million (≈58% of FY26 adjusted EBITDA of $73.9 million).Malibu Boats Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
68
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 914.59M | 807.56M | 829.03M | 1.39B | 1.21B |
| Gross Profit | 143.09M | 144.09M | 147.09M | 351.30M | 310.05M |
| EBITDA | 49.95M | 60.74M | -22.95M | 173.17M | 239.16M |
| Net Income | 1.65M | 14.88M | -55.91M | 104.51M | 157.63M |
Balance Sheet | |||||
| Total Assets | 996.19M | 734.58M | 739.62M | 925.92M | 851.33M |
| Cash, Cash Equivalents and Short-Term Investments | 74.42M | 37.00M | 26.95M | 78.94M | 83.74M |
| Total Debt | 165.00M | 25.32M | 2.18M | 10.17M | 121.74M |
| Total Liabilities | 467.77M | 214.75M | 204.91M | 310.17M | 337.76M |
| Stockholders Equity | 524.45M | 515.46M | 530.01M | 607.88M | 503.17M |
Cash Flow | |||||
| Free Cash Flow | 42.85M | 28.59M | -20.40M | 129.89M | 109.78M |
| Operating Cash Flow | 67.51M | 56.51M | 55.56M | 184.73M | 164.85M |
| Investing Cash Flow | -142.62M | -27.37M | -75.84M | -54.64M | -61.62M |
| Financing Cash Flow | 111.68M | -18.82M | -31.70M | -134.57M | -60.38M |
Malibu Boats Technical Analysis
Negative
26.64
Price Trends
27.93
Negative
27.20
Negative
28.10
Negative
Market Momentum
0.15
Positive
34.54
Neutral
23.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MBUU, the sentiment is Negative. The current price of 26.64 is below the 20-day moving average (MA) of 28.90, below the 50-day MA of 27.93, and below the 200-day MA of 28.10, indicating a bearish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 34.54 is Neutral, neither overbought nor oversold. The STOCH value of 23.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MBUU.
Malibu Boats Risk Analysis
Malibu Boats disclosed 49 risk factors in its most recent earnings report. Malibu Boats 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
Malibu Boats Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $592.31M | 35.35 | 5.95% | ― | 9.79% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $5.16B | -60.16 | -5.32% | 2.18% | 10.46% | -305.37% | |
61 Neutral | $870.96M | 22.33 | 3.13% | 3.41% | 3.44% | ― | |
57 Neutral | $523.13M | 390.77 | -0.18% | ― | 13.25% | -90.28% | |
49 Neutral | $196.82M | -1.57 | -43.62% | ― | 1.32% | -823.52% |
* Consumer Cyclical Sector Average
MBUU
Malibu Boats
28.80
-4.00
-12.20%
BC
Brunswick
77.60
15.14
24.24%
WGO
Winnebago Industries
30.37
-4.02
-11.69%
MCFT
MasterCraft Boat Holdings
24.18
2.13
9.66%
ONEW
OneWater Marine
11.67
-5.41
-31.67%
Malibu Boats Corporate Events
Business Operations and StrategyExecutive/Board Changes
Malibu Boats Announces Board Size Reduction After Director Exit
Neutral
Aug 24, 2026
On August 18, 2026, Malibu Boats director Michael J. Connolly informed the board that he will not stand for re-election at the company’s 2026 annual meeting of stockholders, though he will continue to serve until his current term expires at ...
Business Operations and StrategyPrivate Placements and Financing
Malibu Boats Refinances Credit Facility to Boost Flexibility
Positive
Jul 14, 2026
Malibu Boats, Inc.’s subsidiary Malibu Boats, LLC has refinanced its debt structure, replacing a prior 2022 credit facility with a Fourth Amended and Restated Credit Agreement executed on July 10, 2026, and announced on July 13, 2026. The ne...
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.