Marine Products Group, LLC
Marine Products manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. Marine Products product offerings include Chaparral sterndrive and outboard sport boats and Robalo outboard sport fishing boats.
$6.95
+$0.05 (+0.72%)
EOD Oct 23, 2026
Operating margin is thin at 3.45%. Limited cushion if revenue slows or costs rise.
Revenue grew 3.3% in the fiscal year ended Dec 2025, steady but not accelerating. Free cash flow declined 40% despite revenue growth, conversion is weakening.
At 34.75x earnings, the multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 40% in the fiscal year ended Dec 2025 versus the year before, cash generation momentum has weakened.
34.75x earnings, 18.58x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$252M
▲ +3.3% YoY
Net Income (TTM)
$7M
▼ -36.2% YoY
Op. Margin
3.45%
▼ -2.0pp YoY
ROIC
4.42%
▼ -3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$13M
▼ -40.1% YoY
Op. Cash Flow (TTM)
$15M
▼ -44.2% YoY
Net Debt
-$46M
Net Cash Position
Cash & Equiv.
$46M
5Y CAGR: +0.4%
5Y CAGR: -11.7%
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SourceComputed from the 10-Q filed 24 Apr 2026, covering the period ending 31 Mar 2026, as reported to the SEC. Data last refreshed 2 Oct 2026. How this is calculated.
Price from market data, last close as of 23 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Marine Products Group (MPX) overvalued?
At a P/E of 34.8 and a price-to-free-cash-flow of 18.6, Marine Products Group (MPX) trades around a two-stage DCF intrinsic value of about $7.79 per share, so at $6.95 the stock looks around fair value (12.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Marine Products Group scores 31/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 8.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Marine Products Group's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $7.79 per share for MPX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $5.84. At today's $6.95, that puts the stock about 12.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Marine Products Group a high-quality business?+
Marine Products Group scores 31 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 3.5% operating margin and a 4.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Marine Products Group (MPX) pay a dividend, and how much?+
Yes, Marine Products Group pays a regular dividend of about $0.57 per share per year (typically in quarterly installments), a yield of roughly 8.3% at the current price. That is a payout ratio of about 276.1% of earnings, so the dividend is stretched at this level. Marine Products Group has grown the dividend at roughly 5.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MPX's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Marine Products Group a good stock to buy right now?+
That depends on valuation and quality together, not either alone. MPX currently trades around its estimated intrinsic value and scores 31/100 on quality (lower-quality). It also yields about 8.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Ship & Boat Building & Repairing
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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