A Business at a Glance
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Item 1. Business. We believe we are a leading company in the Mid-Tier Band of the powersports vehicles and boats industry in the United States, which includes the All-Terrain Vehicle (“ATV”), Utility-Terrain Vehicle (“UTV”), and pontoon and tritoon boats (“Pontoon Boats”) subsectors (the “Powersports Vehicles and Boats Industry”). “Mid-Tier Band” means the mid-tier band of the Powersports Vehicles and Boats Industry, which our management considers to be those manufacturers that produce a wide range of products that cater to customer needs but do not yet have the international operations and market share of the Top-Tier Band (as defined below) of the Powersports Vehicles and Boats Industry. “Top-Tier Band” means the top-tier band of the Powersports Vehicles and Boats Industry, which our management considers to include companies such as Polaris, Bombardier Recreational Products (BRP), Honda, and Yamaha with international operations and large market shares.
| Metric | TTM | FY2023 |
|---|---|---|
| Revenue | 115M | 115M |
| Net Income | 10M | 10M |
| EPS | $0.26 | $0.26 |
| Free Cash Flow | 11M | 11M |
| ROIC | 74.1% | 83.8% |
| Gross Margin | 31.2% | 31.2% |
| Debt/Equity | 0.00 | 0.03 |
| Dividends/Share | $0.00 | - |
| Operating Income | 13M | 13M |
| Operating Margin | 11.2% | 11.2% |
| ROE | 71.9% | 106.5% |
| Shares Outstanding | 40M | 40M |
| Metric | ||
|---|---|---|
| Income Statement | ||
| Revenue | 115M | 115M |
| Gross Margin | 31.2% | 31.2% |
| R&D | N/A | N/A |
| SG&A | N/A | N/A |
| EBIT | 13M | 13M |
| Op. Margin | 11.2% | 11.2% |
| Net Income | 10M | 10M |
| Net Margin | 9.1% | 9.1% |
| Non-Recurring | 0 | 0 |
| Returns on Capital | ||
| ROIC | 83.8% | 74.1% |
| ROE | 106.5% | 71.9% |
| ROA | 26.4% | 24.8% |
| Cash Flow | ||
| Op. Cash Flow | 11M | 11M |
| Free Cash Flow | 11M | 11M |
| Owner Earnings | 11M | 11M |
| CapEx | 135K | 135K |
| Maint. CapEx | 152K | 152K |
| Growth CapEx | 0 | 0 |
| D&A | 152K | 152K |
| CapEx/OCF | N/A | 1.2% |
| Capital Allocation | ||
| Dividends Paid | 0 | 0 |
| Dividend Yield | N/A | N/A |
| Share Buybacks | 0 | 0 |
| Buyback Yield | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A |
| Debt Repayment | 825K | 825K |
| Balance Sheet | ||
| Net Debt | 381K | 0 |
| Cash & Equiv. | N/A | N/A |
| Long-Term Debt | 77K | 77K |
| Debt/Equity | 0.03 | 0.00 |
| Interest Coverage | 24.9 | 24.9 |
| Equity | 14M | 14M |
| Total Assets | 42M | 42M |
| Total Liabilities | 27M | 27M |
| Intangibles | N/A | N/A |
| Retained Earnings | 13M | 13M |
| Working Capital | 20M | 20M |
| Current Assets | 38M | 38M |
| Current Liabilities | 19M | 19M |
| Per Share Data | ||
| EPS | 0.26 | 0.26 |
| Owner EPS | 0.27 | 0.27 |
| Book Value | 0.36 | 0.36 |
| Cash Flow/Share | 0.27 | 0.26 |
| Dividends/Share | N/A | 0.00 |
| Shares Out. | 40.1M | 40.1M |
| Valuation | ||
| P/E Ratio | N/A | 3.9 |
| P/FCF | N/A | 3.8 |
| EV/EBIT | N/A | 3.2 |
| Price/Book | N/A | 2.8 |
| Price/Sales | N/A | 0.4 |
| FCF Yield | N/A | 26.4% |
| Market Cap | N/A | 41M |
| Avg. Price | N/A | 1.02 |
| Year-End Price | N/A | 1.02 |
Massimo Group passes 4 of 9 quality checks, suggesting mixed fundamentals.
Massimo Group trades at 3.9x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average ROIC is 83.8% with a gross margin of 31.2%. At current prices, the estimated annualized return to fair value is -0.0%.
Massimo Group (MAMO) has a current P/E ratio of 3.9, compared to its historical median P/E of 15.0. The stock is currently considered Cheap based on its historical valuation range.
Massimo Group (MAMO) has a 5-year average return on invested capital (ROIC) of 83.8%. This indicates strong capital allocation and a potential competitive advantage.
Massimo Group (MAMO) has a market capitalization of $41M. It is classified as a small-cap stock.
Massimo Group (MAMO) does not currently pay a regular dividend.
Based on historical P/E analysis, Massimo Group (MAMO) appears cheap. The current P/E of 3.9 is 74% below its historical median of 15.0. The estimated fair value CAGR (P/E method) is -0.0%.
Massimo Group (MAMO) operates in the Miscellaneous Transportation Equipment industry, within the Industrials sector.
Massimo Group (MAMO) reported annual revenue of $115 million in its most recent fiscal year, based on SEC EDGAR filings.
Massimo Group (MAMO) has a net profit margin of 9.1%. This is a modest margin.
Massimo Group (MAMO) generated $11 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Massimo Group (MAMO) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
Massimo Group (MAMO) reported earnings per share (EPS) of $0.26 in its most recent fiscal year.
Massimo Group (MAMO) has a return on equity (ROE) of 106.5%. This indicates the company generates strong returns for shareholders.
Massimo Group (MAMO) has a 5-year average gross margin of 31.2%. This indicates decent pricing power.
The Ledger Terminal provides 1 years of financial data for Massimo Group (MAMO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Massimo Group (MAMO) has a book value per share of $0.36, based on its most recent annual SEC filing.