Intrinsic value of Malibu Boats Cl A - MBUU

Previous Close

$34.72

  Intrinsic Value

$844.55

stock screener

  Rating & Target

str. buy

+999%

Previous close

$34.72

 
Intrinsic value

$844.55

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of MBUU stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  11.46
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  282
  451
  697
  1,043
  1,513
  2,134
  2,934
  3,938
  5,171
  6,654
  8,404
  10,436
  12,760
  15,380
  18,299
  21,516
  25,028
  28,830
  32,916
  37,279
  41,913
  46,811
  51,969
  57,382
  63,049
  68,967
  75,139
  81,566
  88,253
  95,205
  102,432
Variable operating expenses, $m
 
  386
  596
  891
  1,292
  1,823
  2,505
  3,362
  4,414
  5,680
  7,174
  8,906
  10,889
  13,125
  15,616
  18,361
  21,359
  24,604
  28,090
  31,814
  35,768
  39,948
  44,350
  48,970
  53,805
  58,856
  64,122
  69,607
  75,314
  81,247
  87,415
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  243
  386
  596
  891
  1,292
  1,823
  2,505
  3,362
  4,414
  5,680
  7,174
  8,906
  10,889
  13,125
  15,616
  18,361
  21,359
  24,604
  28,090
  31,814
  35,768
  39,948
  44,350
  48,970
  53,805
  58,856
  64,122
  69,607
  75,314
  81,247
  87,415
Operating income, $m
  39
  65
  101
  152
  220
  312
  429
  576
  757
  974
  1,231
  1,530
  1,871
  2,255
  2,683
  3,154
  3,669
  4,227
  4,826
  5,466
  6,145
  6,863
  7,619
  8,413
  9,244
  10,111
  11,016
  11,958
  12,939
  13,958
  15,018
EBITDA, $m
  46
  74
  115
  171
  248
  351
  482
  647
  849
  1,093
  1,381
  1,714
  2,096
  2,526
  3,006
  3,534
  4,111
  4,736
  5,407
  6,124
  6,885
  7,690
  8,537
  9,426
  10,357
  11,329
  12,343
  13,398
  14,497
  15,639
  16,826
Interest expense (income), $m
  0
  2
  5
  11
  18
  28
  41
  58
  80
  106
  138
  175
  218
  268
  324
  386
  455
  530
  611
  698
  791
  890
  995
  1,105
  1,220
  1,341
  1,468
  1,599
  1,736
  1,879
  2,028
Earnings before tax, $m
  49
  63
  96
  141
  202
  284
  388
  518
  677
  868
  1,093
  1,355
  1,652
  1,987
  2,359
  2,768
  3,214
  3,697
  4,215
  4,767
  5,354
  5,973
  6,624
  7,308
  8,023
  8,770
  9,548
  10,359
  11,202
  12,079
  12,990
Tax expense, $m
  18
  17
  26
  38
  55
  77
  105
  140
  183
  234
  295
  366
  446
  536
  637
  747
  868
  998
  1,138
  1,287
  1,445
  1,613
  1,789
  1,973
  2,166
  2,368
  2,578
  2,797
  3,025
  3,261
  3,507
Net income, $m
  28
  46
  70
  103
  148
  207
  283
  378
  494
  634
  798
  989
  1,206
  1,450
  1,722
  2,021
  2,347
  2,699
  3,077
  3,480
  3,908
  4,360
  4,836
  5,335
  5,857
  6,402
  6,970
  7,562
  8,178
  8,818
  9,483

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  33
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  224
  306
  472
  706
  1,025
  1,446
  1,988
  2,668
  3,503
  4,508
  5,694
  7,071
  8,645
  10,420
  12,397
  14,577
  16,957
  19,533
  22,301
  25,257
  28,396
  31,715
  35,209
  38,877
  42,716
  46,726
  50,907
  55,261
  59,792
  64,502
  69,398
Adjusted assets (=assets-cash), $m
  191
  306
  472
  706
  1,025
  1,446
  1,988
  2,668
  3,503
  4,508
  5,694
  7,071
  8,645
  10,420
  12,397
  14,577
  16,957
  19,533
  22,301
  25,257
  28,396
  31,715
  35,209
  38,877
  42,716
  46,726
  50,907
  55,261
  59,792
  64,502
  69,398
Revenue / Adjusted assets
  1.476
  1.474
  1.477
  1.477
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
  1.476
Average production assets, $m
  32
  51
  79
  118
  171
  241
  332
  445
  584
  752
  950
  1,179
  1,442
  1,738
  2,068
  2,431
  2,828
  3,258
  3,720
  4,213
  4,736
  5,290
  5,873
  6,484
  7,124
  7,793
  8,491
  9,217
  9,973
  10,758
  11,575
Working capital, $m
  31
  -3
  -5
  -7
  -11
  -15
  -21
  -28
  -36
  -47
  -59
  -73
  -89
  -108
  -128
  -151
  -175
  -202
  -230
  -261
  -293
  -328
  -364
  -402
  -441
  -483
  -526
  -571
  -618
  -666
  -717
Total debt, $m
  53
  153
  303
  514
  800
  1,179
  1,667
  2,279
  3,031
  3,935
  5,003
  6,242
  7,658
  9,256
  11,036
  12,997
  15,139
  17,457
  19,949
  22,609
  25,435
  28,422
  31,566
  34,867
  38,322
  41,931
  45,694
  49,613
  53,691
  57,930
  62,337
Total liabilities, $m
  175
  275
  425
  636
  922
  1,301
  1,789
  2,401
  3,153
  4,057
  5,125
  6,364
  7,780
  9,378
  11,158
  13,119
  15,261
  17,579
  20,071
  22,731
  25,557
  28,544
  31,688
  34,989
  38,444
  42,053
  45,816
  49,735
  53,813
  58,052
  62,459
Total equity, $m
  49
  31
  47
  71
  102
  145
  199
  267
  350
  451
  569
  707
  864
  1,042
  1,240
  1,458
  1,696
  1,953
  2,230
  2,526
  2,840
  3,172
  3,521
  3,888
  4,272
  4,673
  5,091
  5,526
  5,979
  6,450
  6,940
Total liabilities and equity, $m
  224
  306
  472
  707
  1,024
  1,446
  1,988
  2,668
  3,503
  4,508
  5,694
  7,071
  8,644
  10,420
  12,398
  14,577
  16,957
  19,532
  22,301
  25,257
  28,397
  31,716
  35,209
  38,877
  42,716
  46,726
  50,907
  55,261
  59,792
  64,502
  69,399
Debt-to-equity ratio
  1.082
  5.010
  6.420
  7.270
  7.810
  8.160
  8.390
  8.540
  8.650
  8.730
  8.790
  8.830
  8.860
  8.880
  8.900
  8.920
  8.930
  8.940
  8.950
  8.950
  8.960
  8.960
  8.970
  8.970
  8.970
  8.970
  8.980
  8.980
  8.980
  8.980
  8.980
Adjusted equity ratio
  0.084
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  28
  46
  70
  103
  148
  207
  283
  378
  494
  634
  798
  989
  1,206
  1,450
  1,722
  2,021
  2,347
  2,699
  3,077
  3,480
  3,908
  4,360
  4,836
  5,335
  5,857
  6,402
  6,970
  7,562
  8,178
  8,818
  9,483
Depreciation, amort., depletion, $m
  7
  9
  14
  20
  28
  39
  53
  71
  93
  119
  150
  184
  225
  272
  323
  380
  442
  509
  581
  658
  740
  827
  918
  1,013
  1,113
  1,218
  1,327
  1,440
  1,558
  1,681
  1,809
Funds from operations, $m
  34
  55
  83
  123
  176
  246
  336
  449
  587
  753
  948
  1,173
  1,431
  1,722
  2,045
  2,401
  2,788
  3,208
  3,658
  4,138
  4,648
  5,187
  5,753
  6,348
  6,970
  7,620
  8,297
  9,002
  9,736
  10,499
  11,291
Change in working capital, $m
  -2
  -1
  -2
  -2
  -3
  -4
  -6
  -7
  -9
  -10
  -12
  -14
  -16
  -18
  -20
  -23
  -25
  -27
  -29
  -31
  -32
  -34
  -36
  -38
  -40
  -41
  -43
  -45
  -47
  -49
  -51
Cash from operations, $m
  36
  56
  85
  125
  179
  250
  342
  456
  595
  763
  960
  1,188
  1,448
  1,740
  2,065
  2,423
  2,813
  3,234
  3,687
  4,169
  4,681
  5,221
  5,790
  6,386
  7,010
  7,661
  8,340
  9,047
  9,783
  10,547
  11,342
Maintenance CAPEX, $m
  0
  -5
  -8
  -12
  -18
  -27
  -38
  -52
  -70
  -91
  -117
  -148
  -184
  -225
  -272
  -323
  -380
  -442
  -509
  -581
  -658
  -740
  -827
  -918
  -1,013
  -1,113
  -1,218
  -1,327
  -1,440
  -1,558
  -1,681
New CAPEX, $m
  -9
  -19
  -28
  -39
  -53
  -70
  -90
  -113
  -139
  -168
  -198
  -230
  -263
  -296
  -330
  -364
  -397
  -430
  -462
  -493
  -524
  -554
  -583
  -612
  -640
  -669
  -697
  -726
  -756
  -786
  -817
Cash from investing activities, $m
  -9
  -24
  -36
  -51
  -71
  -97
  -128
  -165
  -209
  -259
  -315
  -378
  -447
  -521
  -602
  -687
  -777
  -872
  -971
  -1,074
  -1,182
  -1,294
  -1,410
  -1,530
  -1,653
  -1,782
  -1,915
  -2,053
  -2,196
  -2,344
  -2,498
Free cash flow, $m
  27
  32
  49
  74
  108
  153
  214
  291
  387
  504
  645
  810
  1,001
  1,219
  1,464
  1,737
  2,036
  2,363
  2,716
  3,095
  3,499
  3,927
  4,380
  4,857
  5,356
  5,879
  6,425
  6,994
  7,587
  8,203
  8,844
Issuance/(repayment) of debt, $m
  -17
  100
  150
  211
  287
  379
  488
  612
  752
  904
  1,067
  1,239
  1,417
  1,598
  1,780
  1,962
  2,142
  2,318
  2,491
  2,660
  2,825
  2,987
  3,145
  3,301
  3,455
  3,609
  3,763
  3,919
  4,077
  4,240
  4,406
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -20
  100
  150
  211
  287
  379
  488
  612
  752
  904
  1,067
  1,239
  1,417
  1,598
  1,780
  1,962
  2,142
  2,318
  2,491
  2,660
  2,825
  2,987
  3,145
  3,301
  3,455
  3,609
  3,763
  3,919
  4,077
  4,240
  4,406
Total cash flow (excl. dividends), $m
  7
  133
  199
  284
  394
  532
  701
  903
  1,138
  1,408
  1,712
  2,049
  2,417
  2,816
  3,244
  3,698
  4,178
  4,681
  5,207
  5,755
  6,324
  6,914
  7,525
  8,157
  8,811
  9,488
  10,188
  10,913
  11,664
  12,443
  13,251
Retained Cash Flow (-), $m
  -34
  -15
  -17
  -23
  -32
  -42
  -54
  -68
  -84
  -100
  -119
  -138
  -157
  -178
  -198
  -218
  -238
  -258
  -277
  -296
  -314
  -332
  -349
  -367
  -384
  -401
  -418
  -435
  -453
  -471
  -490
Prev. year cash balance distribution, $m
 
  33
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  151
  183
  261
  362
  490
  647
  835
  1,055
  1,308
  1,593
  1,911
  2,260
  2,639
  3,046
  3,480
  3,940
  4,424
  4,930
  5,460
  6,010
  6,582
  7,176
  7,791
  8,428
  9,087
  9,770
  10,478
  11,211
  11,972
  12,761
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  145
  167
  227
  298
  380
  470
  564
  659
  751
  835
  907
  964
  1,003
  1,023
  1,022
  1,001
  963
  908
  841
  764
  681
  595
  511
  429
  353
  285
  225
  173
  131
  96
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Malibu Boats, Inc. is a designer, manufacturer and marketer of performance sport boats. The Company's segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia. Its Australia segment serves the Australian and New Zealand markets. The Company's boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating. The Company sells its boats under Malibu and Axis Wake Research (Axis) brand names. The Company's boats are constructed of fiberglass, equipped with inboard propulsion systems and available in a range of sizes and hull designs. The Company also offers various accessories and aftermarket parts. The Company's boat models include Malibu M Series, Malibu Wakesetter, Malibu Response and Axis.

FINANCIAL RATIOS  of  Malibu Boats Cl A (MBUU)

Valuation Ratios
P/E Ratio 22.2
Price to Sales 2.2
Price to Book 12.7
Price to Tangible Book
Price to Cash Flow 17.3
Price to Free Cash Flow 23.1
Growth Rates
Sales Growth Rate 11.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 50%
Cap. Spend. - 3 Yr. Gr. Rate 8.4%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 108.2%
Total Debt to Equity 108.2%
Interest Coverage 0
Management Effectiveness
Return On Assets 12.6%
Ret/ On Assets - 3 Yr. Avg. 10.5%
Return On Total Capital 29.8%
Ret/ On T. Cap. - 3 Yr. Avg. 28.2%
Return On Equity 87.5%
Return On Equity - 3 Yr. Avg. 191.7%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 26.6%
Gross Margin - 3 Yr. Avg. 26.4%
EBITDA Margin 19.9%
EBITDA Margin - 3 Yr. Avg. 16.7%
Operating Margin 13.8%
Oper. Margin - 3 Yr. Avg. 14%
Pre-Tax Margin 17.4%
Pre-Tax Margin - 3 Yr. Avg. 14.7%
Net Profit Margin 9.9%
Net Profit Margin - 3 Yr. Avg. 7.9%
Effective Tax Rate 36.7%
Eff/ Tax Rate - 3 Yr. Avg. 34.1%
Payout Ratio 0%

MBUU stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MBUU stock intrinsic value calculation we used $282 million for the last fiscal year's total revenue generated by Malibu Boats Cl A. The default revenue input number comes from 2017 income statement of Malibu Boats Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MBUU stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MBUU is calculated based on our internal credit rating of Malibu Boats Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Malibu Boats Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MBUU stock the variable cost ratio is equal to 85.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MBUU stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Malibu Boats Cl A.

Corporate tax rate of 27% is the nominal tax rate for Malibu Boats Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MBUU stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MBUU are equal to 11.3%.

Life of production assets of 6.4 years is the average useful life of capital assets used in Malibu Boats Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MBUU is equal to -0.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $49 million for Malibu Boats Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 20.813 million for Malibu Boats Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Malibu Boats Cl A at the current share price and the inputted number of shares is $0.7 billion.

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COMPANY NEWS

▶ Malibu Boats reports 2Q loss   [07:41AM  Associated Press]
▶ Best Undervalued Stock in January   [Jan-19-18 09:02AM  Simply Wall St.]
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▶ [$$] JPMorgan: Five Stocks It's Selling and One Buy   [Dec-19-17 03:07PM  Barrons.com]
▶ 5 Profitable Stocks With Midas Touch   [Nov-16-17 08:04AM  Zacks]
▶ Best Low-P/E Stocks to Buy in November   [Nov-13-17 08:10AM  Motley Fool]
▶ Malibu Boats beats Street 1Q forecasts   [Nov-08-17 05:03AM  Associated Press]
▶ New Strong Buy Stocks for October 2nd   [Oct-02-17 11:31AM  Zacks]
▶ New Strong Buy Stocks for September 22nd   [Sep-22-17 10:25AM  Zacks]
▶ Malibu Boats tops Street 4Q forecasts   [Sep-07-17 10:24PM  Associated Press]
▶ New Strong Buy Stocks for August 25th   [Aug-25-17 11:39AM  Zacks]
▶ Malibu Boats, Inc. Announces License With Wake Worx   [Aug-23-17 12:00PM  Marketwired]
▶ Top Ranked Growth Stocks to Buy for August 14th   [Aug-14-17 08:22AM  Zacks]
▶ Axis Wake Research Launches New A24 for 2018   [Aug-03-17 04:30PM  Marketwired]
▶ 3 Stocks With Tesla-like Return Potential   [Aug-01-17 07:15AM  Motley Fool]
▶ Four Stocks At Your Leisure   [Jul-05-17 01:02PM  Zacks]
▶ Best Stocks For The Second Half of 2017   [Jul-03-17 11:43AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 30th   [Jun-30-17 09:43AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 22nd   [Jun-22-17 10:10AM  Zacks]
Financial statements of MBUU
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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