Added to YB: 2024-12-05
Pitch date: 2024-12-02
MBUU [bullish]
Malibu Boats, Inc.
-32.01%
current return
Author Info
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Company Info
Malibu Boats, Inc. designs, engineers, manufactures, markets, and sells various recreational powerboats.
Market Cap
$488.7M
Pitch Price
$43.48
Price Target
64.00 (+117%)
Dividend
N/A
EV/EBITDA
6.45
P/E
25.85
EV/Sales
0.58
Sector
Leisure Products
Category
turnaround
Malibu Boats, Inc. (NYSE: MBUU)
MBUU: #1 US wakeboat maker, 29% share. 21% ROIC, capital-light model. Down 43% YTD on CEO exit, dealer lawsuit, 75% Q4 volume drop. Likely cyclical bottom at 4,500 units (-68%). Market pricing only 50% recovery vs. 75% post-GFC. 16% IRR potential, $64 PT. Catalysts: rate cuts, replacement cycle, asset prices.
Read full article (4 min)