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BC - Malibu Boats: An Attractive Play For Cyclical Contrarians
Brunswick Corporation
On a backward-looking basis, there may not be a cheaper stock in the market than Malibu Boats (MBUU). Growth over the past eight fiscal years has been staggering:
Malibu Boats FY11-FY19 CAGR In Key Metrics
data sourced by author from Malibu press releases and SEC filings; fiscal years end June 30
Obviously, there's been some help. Boat sales plunged during the financial crisis, and have steadily recovered this decade. Malibu has made two material acquisitions, picking up sterndrive manufacturer Cobalt in 2017 and high-end outboard play Pursuit Boats last year.