MasterCraft Boat Holdings, Inc. (MCFT) stock analysis
Close on Nov 11, 2026Market cap $517.46MP/E 85.0Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
MasterCraft Boat passes 10 of the 30 checks behind our score; 8 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 3/6
- Past performance
- 0/6
- Financial health
- 6/6
- Dividend
- 0/6
What stands out
No debt
MasterCraft Boat has no borrowings on its latest balance sheet.
Interest well covered
Operating income covers interest expense 28.6 times.
Debt covered by cash flow
There is no debt to cover.
Low bankruptcy risk
The Altman Z-score is 4.04; above 3 is the safe zone and below 1.8 the distress zone.
What to watch
Margin of safety under 20%
The price is 198% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $21.26 is above our fair value estimate of $7.12.
Return on equity under 15%
Return on equity was 2.4% over the last twelve months and averaged 19.0% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 2.3%, below the 10% that usually covers the cost of capital.
Valuation1/6
P/E above its 5-year median
MasterCraft Boat's P/E of 85.0 is above its own 5-year median of 9.1.
P/E above the industry
MasterCraft Boat's P/E of 85.0 is above the Transportation Equipment median of 20.3.
EV/EBITDA above its 5-year median
MasterCraft Boat's EV/EBITDA of 20.0 is above its 5-year median of 6.3.
P/B below the industry
MasterCraft Boat's price-to-book of 1.33 is below the Transportation Equipment median of 1.86.
Trading above fair value
The share price of $21.26 is above our fair value estimate of $7.12.
Margin of safety under 20%
The price is 198% above fair value, so there is no margin of safety.
Growth3/6
Revenue growing under 10% a year
Revenue grew -17.0% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 50.8% over the last twelve months; the Transportation Equipment median is 9.5%.
Guidance raised
MasterCraft Boat raised its full year fiscal 2026 Adjusted Earnings per share outlook on May 7, 2026.
Gross margin improving
Gross margin was 22.3% over the last twelve months, against 21.0% a year earlier.
Past performance0/6
Return on equity under 15%
Return on equity was 2.4% over the last twelve months and averaged 19.0% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 2.3%, below the 10% that usually covers the cost of capital.
Return on equity below the industry
MasterCraft Boat's return on equity of 2.4% is below the Transportation Equipment median of 2.7%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin below its 5-year average
Net margin was 1.6% over the last twelve months, against a 5-year average of 5.0%.
Net margin below the industry
MasterCraft Boat's net margin of 1.6% is below the Transportation Equipment median of 1.9%.
Financial health6/6
No debt
MasterCraft Boat has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
Operating income covers interest expense 28.6 times.
Short-term assets cover short-term debts
Current assets are 1.62 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 4.04; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
MasterCraft Boat has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$7.12
The share price is 198% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 14.7× | 9.1× | 20.3× | $3.67 | 44% |
| EV/EBITDA | 9.4× | 6.3× | 12.7× | $10.96 | 39% |
| P/Bleft out, too far from the others | 1.9× | 2.0× | 1.9× | $30.70 | – |
| Earnings power | 9.8% cost of equity | – | – | $7.40 | 17% |
| Fair value | $7.12 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 9.1
- Transportation Equipment median 20.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $3.39M
- Value traded per 1% price move
- $1.76M
Downside
Medium risk
- Typical loss in a bad month
- 21.3%
- Volatility (annualized)
- 41%
- Sharpe ratio, 1 year
- 0.13
- Beta to the S&P 500 (5Y)
- 0.98
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2013 to 2026
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.8% | -17.0% | -5.6% | +4.6% | |
| Gross profit | +40.3% | -22.1% | -8.6% | +2.7% | |
| Free cash flow | -15.2% | -41.1% | -12.4% | -1.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 1157.3% | 71.7% | -0.6% | |
| Return on assets | 23.6% | 23.2% | -0.4% | |
| Current ratio | 0.59 | 1.48 | 1.56 | |
| Debt to equity | 2.93 | 0.86 | – | |
| Net debt to EBITDA | 0.83× | 0.62× | – | |
| Interest coverage | 15.1× | 23.2× | -5.2× | |
| Inventory turnover | 13.2× | 8.6× | 4.8× | |
| Capex to revenue | 1.8% | 5.4% | 2.3% | |
| Diluted shares | 19M | 19M | 17M |
Where the cash went
Fiscal 2022 to 2026, five years combined
MasterCraft Boat generated $286.10M from operations and spent $141.47M on capital expenditure, dividends and share buybacks. 46% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -0.5% | 0.92× | 1.35× | -0.6% |
| FY2025 | 2.5% | 1.09× | 1.42× | 3.8% |
| FY2024 | 2.4% | 1.05× | 1.63× | 4.2% |
| FY2023 | 11.3% | 1.87× | 1.94× | 41.1% |
| FY2022 | 9.1% | 2.24× | 2.28× | 46.3% |
| FY2021 | 12.1% | 1.92× | 3.09× | 71.7% |
| FY2020 | -6.6% | 1.59× | 3.77× | -39.7% |
| FY2019 | 4.6% | 2.19× | 3.41× | 34.2% |
| FY2018 | 11.9% | 2.56× | 4.05× | 123.4% |
| FY2017 | 8.6% | 2.76× | 49.04× | 1157.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero-$1.66M
- Cash generatingOperating cash flow above zero$30.51M
- Return on assets improvedROA up on the prior year2.7% → -0.6%
- Earnings backed by cashOperating cash flow above net income$30.51M vs -$1.66M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose1.86 → 1.56
- No dilutionShare count did not rise17M → 17M
- Gross margin improvedGross margin up on the prior year20.01% → 22.87%
- More efficientAsset turnover rose1.09 → 1.34
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