Malibu Boats, Inc. (MBUU) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-66.4%

$8.30

vs $24.71 price

Levered DCF

$31.34

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.36

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	372.18×	41.24×	-12.32×	11.5×	6.94×	13.86×	17.43×	12.37×
P/B	1.03×	1.2×	1.3×	1.98×	2.17×	3.02×	4.22×	4×
P/S	0.59×	0.76×	0.83×	0.87×	0.9×	1.64×	1.64×	1.19×
EV / EBITDA	12.88×	9.95×	-28.99×	6.55×	4.73×	8.5×	10.61×	7.91×
Gross margin	15.6%	17.8%	17.7%	25.3%	25.5%	25.5%	22.9%	24.3%
Operating margin	0.3%	2.7%	-6.7%	10.4%	17.6%	16.2%	13.1%	14.3%
Net margin	0.2%	1.8%	-6.7%	7.5%	13.0%	11.9%	9.4%	9.7%
Current ratio	1.43×	1.63×	1.46×	1.4×	2.14×	2.14×	1.77×	1.69×
Debt / equity	0.34×	0.05×	0×	0.02×	0.24×	0.24×	0.33×	0.56×
Interest coverage	0.87×	11.56×	-30.37×	48.88×	74.37×	59.22×	21.94×	15.18×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.3%	2.9%	-10.5%	17.2%	31.3%	21.8%	24.2%	32.3%
Return on invested capital	0.3%	2.7%	-9.1%	15.9%	23.3%	16.1%	16.1%	19.8%
Return on assets	0.2%	2.0%	-7.6%	11.3%	18.5%	12.9%	12.9%	14.6%
Free cash flow yield	7.9%	4.6%	-3.0%	10.8%	10.0%	6.6%	4.9%	7.8%
Earnings yield	0.3%	2.4%	-8.1%	8.7%	14.4%	7.2%	5.7%	8.1%
Enterprise value	$643.3M	$604.6M	$665.5M	$1.1B	$1.1B	$1.6B	$1.1B	$903.3M
Net debt / EBITDA	2.05×	-0.19×	1.08×	-0.4×	0.16×	0.21×	0.48×	0.76×
Cash conversion cycle (days)	81	80	78	64	61	80	49	48