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Malibu Boats, Inc.
Malibu Boats, Inc. (NASDAQ: MBUU) is a recreational powerboat manufacturer that works with a global network of independent dealers to design, engineer, manufacture, and market its products. The company sells eight boat brands: Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt. MBUU's revenue streams include Malibu, Saltwater Fishing, and Cobalt.
Why Should Investors Exit this stock?
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
MBUU's share price has declined 21.02% in the past nine months and is currently leaning towards the lower band of the 52-week range of USD 55.28 to USD 89.27. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 48.88.
Considering the company's weak liquidity profile, declining margins, current valuation and associated risks. we recommend a "Sell" rating on the stock at the closing price of USD 59.37, up 1.47% as of March 24, 2022.
Three-Year Technical Price Chart (March 24, 2022). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.