Malibu Boats Inc. Class A Common Stock (MBUU)

FairStock Score: 22/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Malibu as a possible asset play with a cyclical problem. It designs and sells recreational powerboats across Malibu, Axis, Cobalt, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Saxdor. The brands are broad, but the filed numbers do not show a wide-moat compounder. In fiscal 2026, the year ended 2026-06-30, revenue was $914.6 million and net income was $1.7 million, or $0.09 per diluted share. That followed fiscal 2025, the year ended 2025-06-30, with revenue of $807.6 million and net income of $14.9 million, or $0.76 per diluted share, and fiscal 2024, the year ended 2024-06-30, with a loss of $55.9 million, or $2.74 per diluted share. Sales rose in fiscal 2026, but profit collapsed. FairStock's TURNAROUND label fits: a return to profit after recent losses, but the profit is razor-thin. Quality and health are mixed. At the 2026-10-13 close of $21.95, FairStock computes P/B of 0.82, suggesting the market values Malibu below accounting net assets. Free cash flow is $42.8 million, a 10.3% FCF yield, and the Piotroski F-Score is 7/9, with debt-to-equity of 0.33. But ROE is 0.33%, ROCE is 1.80%, Altman Z-Score is 1.66, and P/E is 243.89. Valuation is the rub: the Graham Number is $7.35, a margin of safety of -198.64%, and PEG is 4.46. EV/EBITDA is 10.28—not absurd, but not cheap for a cyclical. I see a battered asset with cash generation, but earnings quality and returns are too weak to call it strong. The price already assumes a durable recovery.

In plain English: Malibu Boats makes recreational powerboats sold under brands like Malibu, Axis, Cobalt, Pursuit and others. The business only just returned to a small profit after a big loss, and its returns and sales trend look weak. At the October 13, 2026 close of $21.95, the price looks expensive compared with its tiny profit, even though it trades below the value of what it owns minus what it owes.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer