Malibu Boats screens cheap on a growth-adjusted basis with meaningful analyst-implied upside, but a confirmed technical downtrend, an extreme put/call ratio, and an inconsistent earnings record keep the engine's quality-floor exit signal active.
Thesis pillars
- Cheap Growth Adjusted Valuation→Stable
- Confirmed Technical Downtrend↑Improving
- Extreme Put Call Positioning↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 5, 2026, based on the 10-K filed Aug 27, 2026
Malibu Boats, Inc. (MBUU) Stock Analysis
Recovery setup · Inst Constrain edge
Consumer Cyclical · Recreational Vehicles
Sell if holding. Engine safety override at $22.28: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10 and A.R:R 4.5:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 17.86; Below-average business quality; Below long-term trend.
Malibu Boats designs, manufactures and sells recreational powerboats under nine brands (Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, Cobalt and Saxdor) through independent dealers, over 345 locations in 68 countries as of June 30, 2026. Revenue comes from boat and... Read more
Sell if holding. Engine safety override at $22.28: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10 and A.R:R 4.5:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 17.86; Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 52. Score 6.1/10, moderate confidence.
Passes 4/8 gates (favorable risk/reward ratio, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA) and earnings proximity 6d<=7d. Suitability: aggressive.
About Malibu Boats, Inc.
About Malibu Boats, Inc.
Dealerships under common control of OneWater Marine accounted for approximately 24.7% of Malibu Boats' consolidated net sales in fiscal 2025, up from 17.2% in fiscal 2023, while the top ten dealers represented 42.8%. The company sells eight brands (Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt) through over 325 dealer locations worldwide as of June 30, 2025, and has about 123 product development and engineering professionals.
Malibu Boats reports three segments: Malibu, Saltwater Fishing and Cobalt. The company builds fiberglass performance sport boats, sterndrive boats and outboard fishing boats, and says it serves an addressable market of nearly $12.6 billion within $15.5 billion of U.S. new powerboat retail sales in calendar 2024. Dealer agreements run one to three years, mostly one year, and dealers can generally end them on 60 days' notice. Rebates, discounts and free flooring incentives encourage offseason orders, and around 80% of North American shipments in fiscal 2025 used third-party floor plan financing, backed by repurchase agreements; the company repurchased 22 units, 19 of them tied to M&T Bank after the Tommy's Boats bankruptcy. Production spans eight facilities in four U.S. states and Australia, and vertical integration covers Monsoon engines, trailers, towers and wiring harnesses.
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Supply chain concentration in engines stands out. The 10-K says engines, boat windshields, certain electrical components and gel coats come from a sole supplier or a limited number of suppliers. Engines come from General Motors under an agreement through model year 2026, outboard engines from Yamaha through June 30, 2027, and inboard engines from Volvo. A supplier advised in fiscal 2025 that fewer engines would arrive than expected in the second half, though the effect was not material, and a 2020 UAW strike at General Motors cost the company $2.6 million to secure replacement engines.
See also: Consumer Cyclical · Recreational Vehicles
From Malibu Boats, Inc.'s most recent 10-K filing, extracted October 18, 2026.
Recent developments
updated 2026-10-29Recent Developments — Malibu Boats, Inc.
Latest news
- NEWS Halper Sadeh LLC Investigates Malibu Boats, Inc. for Potential Fiduciary Duty Breaches — fiscal.ai Oct 27, 2026 negative
- NEWS Truist Securities Maintains Hold on Malibu Boats, Lowers Price Target to $26 — benzinga Oct 23, 2026 negative
- NEWS Truist Securities Adjusts Price Target on Malibu Boats — fiscal.ai Oct 23, 2026 neutral
- NEWS Malibu Boats, Inc. Announces Date for First Quarter Fiscal 2027 Financial Results — fiscal.ai Oct 22, 2026 neutral
- NEWS Malibu Boats Q4 2026 Earnings Call Transcript — benzinga Aug 27, 2026 positive
Generated 2026-10-29T11:08:51Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop ten dealers62%10-K Item 1: 'Our top ten dealers represented 62.4%, 42.8% and 40.4% of our net sales for fiscal year 2026, 2025 and 2024, respectively.'
- LOWCustomerOneWater Marine dealers22%10-K Item 1: 'Sales to our dealers under common control of OneWater Marine, Inc. represented approximately 22.3%, 24.7% and 23.7% of consolidated net sales'
- HIGHSuppliersole supplier or limited number of suppliers10-K Item 1A: 'Some components used in our manufacturing processes, including engines, boat windshields, certain electrical components and gel coats are available from a sole supplier or a limited number of suppliers.'
- MEDIUMSupplierGeneral Motors engines10-K Item 1A: 'We currently purchase engines from General Motors LLC, or General Motors, that we then prepare for marine use for certain Malibu, Axis and Cobalt boats.'
- MEDIUMSupplierYamaha outboard engines10-K Item 1A: 'We purchase outboard engines from Yamaha Motor Corporation, U.S.A., or Yamaha, for a significant percentage of our Cobalt, Pursuit and Maverick Boats Group branded boats'
Material Events(8-K, last 90d)
- 2026-08-24Item 5.02LOWDirector Michael J. Connolly will not stand for re-election at the 2026 annual meeting, with no disagreement cited; on Aug 20 the Board cut its size from nine to eight directors, effective when his term expires.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·2 ceiling hits
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $22.28: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10 and A.R:R 4.5:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 17.86; Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 52. Prior stop was $20.72. Score 6.1/10, moderate confidence.
Analyst target: $29.69 (+33.3% upside). Prior stop was $20.72. Stop-loss: $20.72.
Concentration risk — Customer: top ten dealers (62.4%); Concentration risk — Supplier: sole supplier or limited number of suppliers; Quality below floor (3.6 < 4.0).
Malibu Boats, Inc. trades at a P/E of 247.6 (forward 7.2). TrendMatrix value score: 9.2/10. Verdict: Sell.
16 analysts cover MBUU with a consensus score of 3.8/5. Average price target: $34.
What does Malibu Boats, Inc. do?Malibu Boats designs, manufactures and sells recreational powerboats under nine brands (Malibu, Axis, Pursuit,...
Malibu Boats designs, manufactures and sells recreational powerboats under nine brands (Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, Cobalt and Saxdor) through independent dealers, over 345 locations in 68 countries as of June 30, 2026. Revenue comes from boat and accessory sales to dealers, many financed through third-party floor plan lenders. Its top ten dealers made up 62.4% of fiscal 2026 net sales, and eleven plants operate in the U.S., Australia, Poland and Finland.