A Business at a Glance
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MasterCraft Boat Holdings, Inc.
MCFT
$398M
Mkt Cap
$24.27
+1.97%
MasterCraft Boat Holdings, Inc. (MCFT) has a current P/E ratio of 25.3, compared to its historical median P/E of 17.2. The stock is currently considered Fair based on its historical valuation range.
MasterCraft Boat Holdings, Inc. (MCFT) has a 5-year average return on invested capital (ROIC) of 32.4%. This indicates strong capital allocation and a potential competitive advantage.
MasterCraft Boat Holdings, Inc. (MCFT) has a market capitalization of $395M. It is classified as a small-cap stock.
MasterCraft Boat Holdings, Inc. (MCFT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.47%.
Based on historical P/E analysis, MasterCraft Boat Holdings, Inc. (MCFT) appears fair. The current P/E of 25.3 is 47% above its historical median of 17.2. The estimated fair value CAGR (P/E method) is 2.4%.
MasterCraft Boat Holdings, Inc. (MCFT) operates in the Ship & Boat Building & Repairing industry, within the Industrials sector.
We are a leading innovator, designer, manufacturer, and marketer of recreational powerboats sold through our three brands, MasterCraft, Crest, and Balise. As a leader in recreational marine, we strive to deliver the best on-water experience through innovative, high-quality products with a relentless focus on the consumer. Our Segments MasterCraft Segment Our MasterCraft segment, which manufactures and sells premium ski/wake boats, consists of our MasterCraft brand. The MasterCraft brand was founded in 1968 and evolved over the next 55-plus years to become the most award-winning ski/wake boat manufacturer in the world. Today, MasterCraft participates in one of the highest margin producing category within the powerboat industry by manufacturing the industry’s premier competitive water ski, wakeboarding, and wake surfing performance boats. We believe the MasterCraft brand is known among boating enthusiasts for high performance, premier quality, and relentless innovation.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 439M | 284M | 322M | 610M | 642M | 466M |
| Net Income | 17M | 7.0M | 7.8M | 69M | 58M | 56M |
| EPS | $1.06 | $0.43 | $0.46 | $3.88 | $3.12 | $2.96 |
| Free Cash Flow | 30M | 26M | 2.0M | 110M | 61M | 43M |
| ROIC | 13.2% | 5.5% | 11.6% | 48.0% | 54.8% | 42.0% |
| Gross Margin | 22.7% | 20.0% | 22.2% | 27.7% | 26.2% | 26.9% |
| Debt/Equity | 0.00 | 0.00 | 0.27 | 0.28 | 0.39 | 0.86 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 18M | 11M | 27M | 121M | 116M | 79M |
| Operating Margin | 4.0% | 4.0% | 8.5% | 19.9% | 18.1% | 16.9% |
| ROE | 9.1% | 3.8% | 4.2% | 41.1% | 46.3% | 71.7% |
| Shares Outstanding | 16M | 16M | 17M | 18M | 19M | 19M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 178M | 214M | 222M | 229M | 333M | 466M | 363M | 466M | 642M | 610M | 322M | 284M | 439M |
| Gross Margin | 21.2% | 23.9% | 27.6% | 27.8% | 27.2% | 24.3% | 20.8% | 26.9% | 26.2% | 27.7% | 22.2% | 20.0% | 22.7% |
| R&D | 2.7M | 3.0M | 3.5M | 3.6M | 4.9M | 5.6M | 5.2M | 5.8M | 7.2M | 6.3M | 6.8M | 6.5M | 6.5M |
| SG&A | 10.0M | 18M | 29M | 20M | 20M | 28M | 26M | 33M | 36M | 33M | 31M | 32M | 32M |
| EBIT | 19M | 24M | 22M | 34M | 56M | 33M | -27M | 79M | 116M | 121M | 27M | 11M | 18M |
| Op. Margin | 10.5% | 11.2% | 9.9% | 14.7% | 16.8% | 7.1% | -7.3% | 16.9% | 18.1% | 19.9% | 8.5% | 4.0% | 4.0% |
| Net Income | 20M | 5.5M | 10M | 20M | 40M | 21M | -24M | 56M | 58M | 69M | 7.8M | 7.0M | 17M |
| Net Margin | 11.2% | 2.6% | 4.6% | 8.6% | 11.9% | 4.6% | -6.6% | 12.1% | 9.1% | 11.3% | 2.4% | 2.5% | 3.9% |
| Non-Recurring | 661K | 698K | -1K | -10K | 0 | 28M | 44M | 0 | 1.1M | 0 | 9.8M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | 30.9% | 43.4% | 53.7% | 53.4% | 18.0% | -14.8% | 42.0% | 54.8% | 48.0% | 11.6% | 5.5% | 13.2% |
| ROE | -144.9% | -24.0% | -40.3% | 166.4% | 123.4% | 34.2% | -39.7% | 71.7% | 46.3% | 41.1% | 4.2% | 3.8% | 9.1% |
| ROA | N/A | 12.3% | 11.9% | 23.6% | 30.5% | 10.0% | -10.5% | 23.2% | 20.3% | 21.2% | 2.3% | 2.4% | 6.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 22M | 25M | 31M | 26M | 49M | 56M | 30M | 69M | 73M | 134M | 12M | 36M | 43M |
| Free Cash Flow | 18M | 22M | 27M | 22M | 44M | 42M | 16M | 43M | 61M | 110M | 2.0M | 26M | 30M |
| Owner Earnings | 19M | 22M | 14M | 22M | 43M | 46M | 19M | 57M | 60M | 122M | 1.5M | 23M | 30M |
| CapEx | 3.4M | 3.5M | 3.8M | 4.1M | 5.3M | 14M | 14M | 25M | 12M | 25M | 11M | 9.2M | 13M |
| Maint. CapEx | 2.5M | 3.3M | 3.4M | 3.2M | 5.1M | 7.8M | 11M | 8.4M | 9.7M | 8.4M | 8.4M | 9.6M | 9.6M |
| Growth CapEx | 949K | 189K | 373K | 904K | 219K | 6.3M | 3.7M | 17M | 2.6M | 16M | 2.1M | 0 | 3.5M |
| D&A | 2.5M | 3.3M | 3.4M | 3.2M | 5.1M | 7.8M | 11M | 8.4M | 9.7M | 8.4M | 8.4M | 9.6M | 9.6M |
| CapEx/OCF | N/A | N/A | 12.4% | 15.8% | 10.7% | 25.2% | 47.2% | 40.7% | 16.8% | 22.6% | 84.2% | 25.8% | 30.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 44M | 80M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | 43.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 4.5M | 0 | 0 | 0 | 0 | 0 | 25M | 23M | 16M | 9.8M | 9.8M |
| Buyback Yield | 0.0% | N/A | 2.3% | N/A | N/A | N/A | N/A | N/A | 6.4% | 4.4% | 5.1% | 3.2% | 2.5% |
| Stock-Based Comp | 2K | 92K | 14M | 711K | 1.2M | 1.7M | 1.1M | 2.9M | 3.5M | 3.5M | 2.6M | 2.9M | 2.9M |
| Debt Repayment | 609K | 12M | 14M | 3.1M | 0 | 700K | 25M | 33M | 46M | 0 | 0 | 50M | 50M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | 78M | 52M | 30M | 67M | 108M | 92M | 54M | 22M | 34M | -37M | -79M | -85M |
| Cash & Equiv. | 13M | 1.2M | 73K | 4.0M | 7.9M | 5.8M | 16M | 39M | 34M | 20M | 7.4M | 29M | 85M |
| Long-Term Debt | N/A | 60M | 44M | 31M | 70M | 105M | 100M | 90M | 54M | 49M | 45M | 0 | N/A |
| Debt/Equity | N/A | -1.86 | -6.23 | 2.93 | 1.43 | 1.57 | 2.22 | 0.86 | 0.39 | 0.28 | 0.27 | 0.00 | 0.00 |
| Interest Coverage | 2.5 | 4.6 | 17.2 | 15.1 | 16.1 | 5.1 | -5.3 | 23.2 | 79.0 | 45.3 | 8.3 | 9.6 | 9.6 |
| Equity | -3.8M | -42M | -8.4M | 12M | 53M | 72M | 49M | 108M | 144M | 192M | 184M | 183M | 189M |
| Total Assets | N/A | 90M | 83M | 83M | 177M | 249M | 208M | 276M | 297M | 354M | 318M | 260M | 278M |
| Total Liabilities | N/A | 132M | 91M | 72M | 124M | 176M | 159M | 169M | 153M | 162M | 134M | 76M | 89M |
| Intangibles | N/A | 17M | 17M | 17M | 51M | 80M | 64M | 60M | 37M | 35M | 34M | 32M | 31M |
| Retained Earnings | N/A | -51M | -121M | -101M | -62M | -43M | -68M | -11M | 47M | 116M | 124M | 131M | 136M |
| Working Capital | N/A | -34M | -26M | -15M | -14M | -14M | 1.3M | 36M | 53M | 93M | 77M | 56M | 64M |
| Current Assets | N/A | 29M | 18M | 22M | 37M | 54M | 57M | 110M | 146M | 195M | 155M | 121M | 142M |
| Current Liabilities | N/A | 64M | 44M | 37M | 51M | 69M | 55M | 74M | 93M | 103M | 78M | 65M | 78M |
| Per Share Data | |||||||||||||
| EPS | 1.78 | 0.47 | 0.56 | 1.05 | 2.12 | 1.14 | -1.28 | 2.96 | 3.12 | 3.88 | 0.46 | 0.43 | 1.06 |
| Owner EPS | 1.74 | 1.86 | 0.75 | 1.20 | 2.31 | 2.48 | 0.99 | 3.02 | 3.22 | 6.89 | 0.09 | 1.41 | 1.86 |
| Book Value | -0.34 | -3.59 | -0.46 | 0.63 | 2.81 | 3.86 | 2.60 | 5.68 | 7.70 | 10.80 | 10.83 | 11.20 | 11.61 |
| Cash Flow/Share | 1.96 | 2.14 | 1.69 | 1.41 | 2.64 | 2.98 | 1.61 | 3.61 | 3.93 | 7.55 | 0.74 | 2.17 | 1.65 |
| Dividends/Share | N/A | 3.74 | 4.30 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 11.2M | 11.8M | 18.2M | 18.6M | 18.7M | 18.7M | 18.8M | 19.0M | 18.7M | 17.8M | 17.0M | 16.4M | 16.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 19.5 | 18.6 | 13.8 | 17.2 | N/A | 8.6 | 6.9 | 7.6 | 41.0 | 43.9 | 22.9 |
| P/FCF | N/A | N/A | 7.4 | 16.4 | 12.4 | 8.8 | 21.3 | 11.1 | 6.6 | 4.8 | 162.3 | 11.7 | 13.3 |
| EV/EBIT | N/A | N/A | 11.4 | 11.7 | 11.0 | 14.3 | N/A | 7.1 | 3.6 | 4.8 | 10.3 | 20.4 | 17.6 |
| Price/Book | N/A | N/A | N/A | 30.9 | 10.4 | 5.1 | 6.9 | 4.5 | 2.8 | 2.7 | 1.7 | 1.7 | 2.1 |
| Price/Sales | N/A | N/A | 0.8 | 1.2 | 1.3 | 1.0 | 0.8 | 0.9 | 0.7 | 0.7 | 1.2 | 1.1 | 0.9 |
| FCF Yield | N/A | N/A | 13.5% | 6.1% | 8.1% | 11.4% | 4.7% | 9.0% | 15.2% | 20.9% | 0.6% | 8.5% | 7.5% |
| Market Cap | 0 | N/A | 199M | 363M | 547M | 367M | 339M | 482M | 401M | 524M | 320M | 309M | 395M |
| Avg. Price | 0.00 | N/A | 10.03 | 14.17 | 23.17 | 25.55 | 14.80 | 24.39 | 25.73 | 26.49 | 22.44 | 18.36 | 24.27 |
| Year-End Price | 0.00 | N/A | 10.94 | 19.49 | 29.22 | 19.59 | 18.06 | 25.39 | 21.47 | 29.51 | 18.88 | 18.86 | 24.27 |
MasterCraft Boat Holdings, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
MasterCraft Boat Holdings, Inc. trades at 25.3x trailing earnings, compared to its 15-year median P/E of 17.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.1x vs a median of 11.1x. The company's 5-year average ROIC is 32.4% with a gross margin of 24.6%. Total shareholder yield (buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +0.4%.
MasterCraft Boat Holdings, Inc. (MCFT) reported annual revenue of $284 million in its most recent fiscal year, based on SEC EDGAR filings.
MasterCraft Boat Holdings, Inc. (MCFT) has a net profit margin of 2.5%. This is a modest margin.
MasterCraft Boat Holdings, Inc. (MCFT) generated $26 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MasterCraft Boat Holdings, Inc. (MCFT) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
MasterCraft Boat Holdings, Inc. (MCFT) reported earnings per share (EPS) of $0.43 in its most recent fiscal year.
MasterCraft Boat Holdings, Inc. (MCFT) has a return on equity (ROE) of 3.8%. This indicates moderate shareholder returns.
MasterCraft Boat Holdings, Inc. (MCFT) has a 5-year average gross margin of 24.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 12 years of financial data for MasterCraft Boat Holdings, Inc. (MCFT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MasterCraft Boat Holdings, Inc. (MCFT) has a book value per share of $11.20, based on its most recent annual SEC filing.