Recent News
March 2, 2026 — Malibu completed the acquisition of Saxdor Yachts for approximately €150 million (about $175 million), combining cash and stock consideration and adding potential earnouts tied to 2026–2028 performance; the company described the deal as immediately accretive.
January 2026 reporting noted the company’s six‑year global partnership with the International Waterski & Wakeboard Federation took effect January 1, 2026, establishing Malibu as the exclusive official towboat partner for premier events.
Technical Analysis
Directional indicators (ADX / DI+/DI-): ADX at 28.95 indicates a strong trend environment. DI+ shows a peak-and-reversal while DI- is decreasing; DI+ peak-and-reverse carries a bearish directional implication, but the falling DI- implies bullish pressure — a contradictory signal that favors short-term chop and a directional resolution tied to volume and catalyst flow.
MACD: MACD sits at -0.84 and the MACD line has crossed above the signal line (-1.02), producing a bullish momentum shift despite negative absolute MACD; this crossover signals improving downside exhaustion and potential upside momentum if sustained.
MRO (Momentum/Regression Oscillator): MRO registers -33.34 with a dip-and-reversal pattern, which indicates price sits below modeled target and that mean-reversion pressure toward fair-value targets exists in the near term.
RSI and price structure: RSI at 43.16 with a peak-and-reversal pattern reads as bearish momentum pressure. Price closed at $25.92, beneath the 50‑day ($29.37) and 200‑day ($31.07) averages and close to the lower Bollinger band (1x lower = $25.34), implying short-term support near current levels and resistance from moving averages above.
Moving averages, Ichimoku, volatility: The 12‑day EMA shows a peak-and-reversal; the price trades below the Ichimoku cloud (Senkou A $32.28 / Senkou B $31.00), reinforcing intermediate resistance. Volatility measures show elevated beta (42‑day 1.14, 52‑week 1.43) and average 10‑day volume ~311,800, supporting brisk intraday liquidity for directional moves.
Fundamental Analysis
Profitability & margins: EBIT stands at -$3,487,000 and EBIT margin -1.85%, down QoQ by roughly -155.08% and down YoY by about -2.16 percentage points. Gross margin sits at 13.32%, below the industry peer mean (≈19.20%) and median (≈20.12%), signaling compressed product-level profitability versus peers.
Earnings and EPS dynamics: Reported EPS of -$0.02 missed the $0.02 estimate by $0.04, a -200% surprise ratio; operating income and net income remain negative for the period reported. Operating cash flow totaled $12,647,000 while free cash flow reached $8,234,000, producing a free cash flow yield of ~1.43% — above the industry peer mean (~0.048%).
Leverage and liquidity: Total debt near $22.46 million yields a debt‑to‑assets ratio of ~3.14%, slightly below the industry peer low (~3.34%), reflecting a conservative leverage profile. Current ratio sits at 1.56 and quick ratio at 0.49, each below the industry peer means, indicating tighter near-term liquidity relative to peers but not a distressed position given cash of $28.21 million and net working capital of $76.96 million.
Revenue and growth trends: Total revenue $188.62 million with reported revenue growth around -3.14%; revenue growth QoQ shows notable contraction. Earnings growth reads materially negative (examples: earnings growth ~-113% and YoY erosion larger), consistent with margin pressure and mix shifts cited in recent reporting.
Valuation context: WMDST values the stock as under‑valued. Key multiples: EV/Revenue ~3.03, price‑to‑book ~1.17, price‑to‑sales ~3.06, forward PE ≈58.2, and trailing PE negative due to reported loss. Enterprise multiple and forward metrics reflect low market capitalization relative to enterprise value after recent M&A; free cash flow yield above the industry peer mean supports the stated under‑valuation while profitability metrics and margin recovery remain execution items.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-05 |
| NEXT REPORT DATE: | 2026-05-07 |
| CASH FLOW | Begin Period Cash Flow | $ 44.1 M |
| Operating Cash Flow | $ 12.6 M | |
| Capital Expenditures | $ -4.41 M | |
| Change In Working Capital | $ 2.9 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -15.90 M | |
| End Period Cash Flow | $ 28.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 188.6 M | |
| Forward Revenue | $ -182.59 M | |
| COSTS | ||
| Cost Of Revenue | $ 163.5 M | |
| Depreciation | $ 8.1 M | |
| Depreciation and Amortization | $ 9.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 192.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 25.1 M | |
| EBITDA | $ 6.3 M | |
| EBIT | $ -3.49 M | |
| Operating Income | $ -3.50 M | |
| Interest Income | — | |
| Interest Expense | $ 324.0 K | |
| Net Interest Income | $ -324.00 K | |
| Income Before Tax | $ -3.81 M | |
| Tax Provision | $ -1.30 M | |
| Tax Rate | 34.1 % | |
| Net Income | $ -2.46 M | |
| Net Income From Continuing Operations | $ -2.51 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.02 | |
| EPS Actual | $ -0.02 | |
| EPS Difference | $ -0.04 | |
| EPS Surprise | -200.0 % | |
| Forward EPS | $ 0.51 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 715.7 M | |
| Intangible Assets | $ 216.6 M | |
| Net Tangible Assets | $ 278.4 M | |
| Total Current Assets | $ 214.7 M | |
| Cash and Short-Term Investments | $ 28.2 M | |
| Cash | $ 28.2 M | |
| Net Receivables | $ 14.9 M | |
| Inventory | $ 146.9 M | |
| Long-Term Investments | $ 6.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 21.3 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 137.7 M | |
| Net Debt | — | |
| Total Debt | $ 22.5 M | |
| Total Liabilities | $ 216.4 M | |
| EQUITY | ||
| Total Equity | $ 495.0 M | |
| Retained Earnings | $ 481.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 26.61 | |
| Shares Outstanding | 18.601 M | |
| Revenue Per-Share | $ 10.14 | |
| VALUATION | Market Capitalization | $ 577.7 M |
| Enterprise Value | $ 571.9 M | |
| Enterprise Multiple | 90.123 | |
| Enterprise Multiple QoQ | 46.318 % | |
| Enterprise Multiple YoY | 51.769 % | |
| Enterprise Multiple IPRWA | high: 555.116 median: 555.116 mean: 507.611 MBUU: 90.123 low: -53.382 |
|
| EV/R | 3.032 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.446 | |
| Asset To Liability | 3.307 | |
| Debt To Capital | 0.043 | |
| Debt To Assets | 0.031 | |
| Debt To Assets QoQ | -6.774 % | |
| Debt To Assets YoY | -8.54 % | |
| Debt To Assets IPRWA | high: 0.666 mean: 0.147 median: 0.107 low: 0.033 MBUU: 0.031 |
|
| Debt To Equity | 0.045 | |
| Debt To Equity QoQ | -7.878 % | |
| Debt To Equity YoY | -8.749 % | |
| Debt To Equity IPRWA | high: 9.341 mean: 0.43 median: 0.179 MBUU: 0.045 low: -0.462 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.167 | |
| Price To Book QoQ | -3.888 % | |
| Price To Book YoY | -22.259 % | |
| Price To Book IPRWA | high: 20.017 median: 20.017 mean: 17.106 MBUU: 1.167 low: -4.708 |
|
| Price To Earnings (P/E) | -1552.765 | |
| Price To Earnings QoQ | -814.317 % | |
| Price To Earnings YoY | -1341.072 % | |
| Price To Earnings IPRWA | high: 876.659 mean: 784.789 median: 102.785 low: -128.535 MBUU: -1552.765 |
|
| PE/G Ratio | 13.701 | |
| Price To Sales (P/S) | 3.063 | |
| Price To Sales QoQ | -4.869 % | |
| Price To Sales YoY | -19.838 % | |
| Price To Sales IPRWA | high: 70.264 median: 66.028 mean: 55.595 MBUU: 3.063 low: 0.009 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 58.197 | |
| Forward PE/G | -0.513 | |
| Forward P/S | -3.215 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4661.727 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.256 | |
| Asset Turnover Ratio QoQ | -1.894 % | |
| Asset Turnover Ratio YoY | -4.124 % | |
| Asset Turnover Ratio IPRWA | high: 0.277 MBUU: 0.256 median: 0.183 mean: 0.18 low: 0.053 |
|
| Receivables Turnover | 7.632 | |
| Receivables Turnover Ratio QoQ | 12.822 % | |
| Receivables Turnover Ratio YoY | -2.54 % | |
| Receivables Turnover Ratio IPRWA | high: 10.966 MBUU: 7.632 median: 5.367 mean: 4.829 low: 0.363 |
|
| Inventory Turnover | 1.12 | |
| Inventory Turnover Ratio QoQ | -3.554 % | |
| Inventory Turnover Ratio YoY | 0.335 % | |
| Inventory Turnover Ratio IPRWA | high: 3.427 mean: 1.682 median: 1.613 MBUU: 1.12 low: 0.337 |
|
| Days Sales Outstanding (DSO) | 11.957 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 75.224 | |
| Cash Conversion Cycle Days QoQ | 4.479 % | |
| Cash Conversion Cycle Days YoY | -11.746 % | |
| Cash Conversion Cycle Days IPRWA | high: 278.075 MBUU: 75.224 mean: 26.06 median: 13.988 low: 13.061 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.451 | |
| CapEx To Revenue | -0.023 | |
| CapEx To Depreciation | -0.543 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 515.0 M | |
| Net Invested Capital | $ 515.0 M | |
| Invested Capital | $ 515.0 M | |
| Net Tangible Assets | $ 278.4 M | |
| Net Working Capital | $ 77.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.205 | |
| Current Ratio | 1.559 | |
| Current Ratio QoQ | -4.42 % | |
| Current Ratio YoY | 2.355 % | |
| Current Ratio IPRWA | high: 5.792 median: 2.164 mean: 2.079 MBUU: 1.559 low: 0.031 |
|
| Quick Ratio | 0.493 | |
| Quick Ratio QoQ | -27.213 % | |
| Quick Ratio YoY | 8.411 % | |
| Quick Ratio IPRWA | high: 2.599 median: 1.774 mean: 1.698 MBUU: 0.493 low: 0.353 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.539 | |
| Cost Of Debt | 0.892 % | |
| Interest Coverage Ratio | -10.762 | |
| Interest Coverage Ratio QoQ | -19067.836 % | |
| Interest Coverage Ratio YoY | -297.676 % | |
| Interest Coverage Ratio IPRWA | high: 89.923 median: 14.894 mean: 14.501 MBUU: -10.762 low: -42.276 |
|
| Operating Cash Flow Ratio | 0.053 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 16.573 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -5.282 % | |
| Revenue Growth | -3.138 % | |
| Revenue Growth QoQ | -47.207 % | |
| Revenue Growth YoY | -118.76 % | |
| Revenue Growth IPRWA | high: 55.306 % MBUU: -3.138 % mean: -9.765 % median: -11.369 % low: -17.458 % |
|
| Earnings Growth | -113.333 % | |
| Earnings Growth QoQ | 76.295 % | |
| Earnings Growth YoY | -139.42 % | |
| Earnings Growth IPRWA | high: 16.226 % mean: -50.773 % median: -101.613 % MBUU: -113.333 % low: -350.0 % |
|
| MARGINS | ||
| Gross Margin | 13.319 % | |
| Gross Margin QoQ | -7.139 % | |
| Gross Margin YoY | -28.711 % | |
| Gross Margin IPRWA | high: 54.33 % median: 20.116 % mean: 19.204 % MBUU: 13.319 % low: -18.708 % |
|
| EBIT Margin | -1.849 % | |
| EBIT Margin QoQ | -15508.333 % | |
| EBIT Margin YoY | -216.289 % | |
| EBIT Margin IPRWA | high: 28.125 % median: 5.084 % mean: 3.267 % MBUU: -1.849 % low: -149.08 % |
|
| Return On Sales (ROS) | -1.853 % | |
| Return On Sales QoQ | 328.935 % | |
| Return On Sales YoY | -216.541 % | |
| Return On Sales IPRWA | high: 28.238 % median: 6.309 % mean: 4.175 % MBUU: -1.853 % low: -203.691 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 8.2 M | |
| Free Cash Flow Yield | 1.425 % | |
| Free Cash Flow Yield QoQ | 301.408 % | |
| Free Cash Flow Yield YoY | -52.101 % | |
| Free Cash Flow Yield IPRWA | high: 4.162 % MBUU: 1.425 % median: 0.086 % mean: 0.048 % low: -46.067 % |
|
| Free Cash Growth | 269.569 % | |
| Free Cash Growth QoQ | -420.222 % | |
| Free Cash Growth YoY | -215.361 % | |
| Free Cash Growth IPRWA | MBUU: 269.569 % high: 171.734 % mean: -57.891 % median: -64.411 % low: -177.781 % |
|
| Free Cash To Net Income | -3.344 | |
| Cash Flow Margin | 3.857 % | |
| Cash Flow To Earnings | -2.955 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -0.335 % | |
| Return On Assets QoQ | 256.383 % | |
| Return On Assets YoY | -206.013 % | |
| Return On Assets IPRWA | high: 3.974 % median: 0.619 % mean: 0.451 % MBUU: -0.335 % low: -24.485 % |
|
| Return On Capital Employed (ROCE) | -0.603 % | |
| Return On Equity (ROE) | -0.005 | |
| Return On Equity QoQ | 265.441 % | |
| Return On Equity YoY | -207.112 % | |
| Return On Equity IPRWA | high: 0.097 median: 0.01 mean: 0.0 MBUU: -0.005 low: -1.014 |
|
| DuPont ROE | -0.487 % | |
| Return On Invested Capital (ROIC) | -0.446 % | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | -98.53 % | |
| Return On Invested Capital IPRWA | high: 5.915 % median: 1.016 % mean: 0.812 % MBUU: -0.446 % low: -17.898 % |
|