Marine Products Corporation

MPX

MPXMarine Products Corporation US flag

New York Stock Exchange

8.18

USD

-0.05

- -

280.04MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	106	149	168	171	207	241	267	299	292	240	298	381	384	237	244
+ Sales & Services Revenue	106	149	168	171	207	241	267	299	292	240	298	381	384	237	244
- Cost of Revenue	87	122	138	138	163	191	208	232	227	186	230	287	293	191	198
+ Cost of Goods & Services	87	122	138	138	163	191	208	232	227	186	230	287	293	191	198
Gross Profit	20	27	30	33	44	50	59	66	65	54	68	94	90	45	47
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	14	18	20	21	23	27	29	31	31	29	32	42	43	27	33
+ Selling, General & Admin	14	18	20	21	23	27	29	31	31	29	32	42	43	27	33
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	5	9	10	12	21	23	30	35	34	24	36	52	47	18	14
- Non-Operating (Income) Loss	-3	-1	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	-5	-3	-2
+ Interest Expense, Net	-1	-1	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	-3	-3	-2
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	3	3	2
+ Other Non-Op (Income) Loss	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	- -
Pretax Income	8	10	10	13	21	23	30	36	34	24	36	52	52	21	16
- Income Tax Expense (Benefit)	2	3	3	4	7	7	11	7	6	5	7	12	10	3	4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	7	7	8	9	14	17	19	28	28	19	29	40	42	18	11
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	7	7	8	9	14	17	19	28	28	19	29	40	42	18	11
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	7	7	8	9	14	17	19	28	28	19	29	40	42	18	11
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	7	7	8	9	14	17	19	28	28	19	29	40	42	18	11
EBIT	5	9	10	12	21	23	30	35	34	24	36	52	47	18	14
EBITDA	6	10	10	13	22	24	31	37	36	26	38	54	50	21	17
EBITDA Margin (%)	5.89	6.4	6.08	7.44	10.41	10.12	11.7	12.46	12.4	10.97	12.82	14.09	12.92	8.84	7.02
EBITA	5	9	10	12	21	23	30	35	34	24	36	52	47	18	14
Gross Margin (%)	18.33	18.26	17.71	19.1	21.15	20.91	22.08	22.21	22.38	22.35	22.91	24.6	23.55	19.23	19.14
Operating Margin (%)	5.05	5.88	5.65	7.02	9.93	9.55	11.13	11.85	11.68	10.16	12.21	13.59	12.29	7.66	5.74
Profit Margin (%)	6.32	4.69	4.47	5.21	6.91	6.94	7.22	9.54	9.67	8.11	9.74	10.59	10.87	7.55	4.66
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	0.65	0.15	0.17	0.21	0.24	0.33	0.5	0.58	0.4	0.46	0.5	0.56	1.26	0.58
Depreciation Expense	1	1	1	1	1	1	2	2	2	2	2	2	2	3	3
Basic Weighted Avg Shares	36	37	37	37	37	38	35	35	34	34	34	34	34	35	34
Basic EPS, GAAP	0.19	0.19	0.2	0.24	0.39	0.44	0.55	0.83	0.83	0.57	0.85	1.18	1.21	0.51	0.33
Basic EPS from Cont Ops	0.19	0.19	0.2	0.24	0.39	0.44	0.55	0.83	0.83	0.57	0.85	1.18	1.21	0.51	0.33
Diluted Weighted Avg Shares	37	37	37	37	37	38	35	35	34	34	34	34	34	35	34
Diluted EPS, GAAP	0.18	0.19	0.2	0.24	0.39	0.44	0.55	0.83	0.83	0.57	0.85	1.18	1.21	0.51	0.33
Diluted EPS from Cont Ops	0.18	0.19	0.2	0.24	0.39	0.44	0.55	0.83	0.83	0.57	0.85	1.18	1.21	0.51	0.33

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	43	36	45	43	53	52	54	65	71	81	93	125	139	110	111
+ Cash, Cash Equivalents & STI	13	3	11	8	16	7	10	12	20	32	14	43	72	52	44
+ Cash & Cash Equivalents	1	2	5	4	8	3	8	9	20	32	14	43	72	52	44
+ ST Investments	12	1	6	4	8	4	3	3	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	2	2	3	2	2	1	4	4	8	5	3	5	3	5	9
+ Accounts Receivable, Net	2	2	2	2	1	1	1	2	2	3	2	4	1	1	5
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	1	1	1	2	- -	2	2	5	1	1	1	1	3	4
+ Inventories	25	28	29	29	33	42	38	47	42	42	73	73	62	50	55
+ Raw Materials	16	17	16	17	17	26	20	27	25	22	42	37	40	30	27
+ Work In Process	6	7	7	7	8	9	8	11	8	11	14	14	11	10	13
+ Finished Goods	3	4	6	5	8	7	10	9	9	9	17	22	11	10	14
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	3	3	4	2	2	2	2	2	2	2	3	3	3	3
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	68	61	57	61	58	36	42	36	34	39	40	39	55	61	37
+ Property, Plant & Equip, Net	12	11	11	10	13	13	14	15	15	15	14	15	22	24	23
+ Property, Plant & Equip	35	36	36	34	38	37	39	41	43	45	46	48	55	59	60
- Accumulated Depreciation	23	24	25	24	25	23	24	26	28	30	32	33	33	34	38
+ LT Investments & Receivables	42	36	31	34	27	5	10	5	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	42	36	31	34	27	5	10	5	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	14	14	15	17	18	18	17	17	19	24	25	24	32	37	14
+ Total Intangible Assets	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
+ Goodwill	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	11	10	11	13	14	14	13	13	15	20	22	20	28	33	10
Total Assets	111	97	103	104	111	89	96	101	105	119	133	164	194	171	147
+ Payables & Accruals	9	11	13	12	12	16	18	17	16	19	16	21	21	18	18
+ Accounts Payable	3	4	6	4	4	5	5	5	4	6	7	8	6	5	7
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	6	7	8	8	9	11	12	12	12	13	9	12	15	13	12
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	2	2	1	1	1	1	2	1	1	3	2	3	1	1	2
+ Deferred Revenue	1	1	1	1	1	- -	1	- -	- -	1	1	2	1	- -	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	1	- -	- -	1	1	1	1	1	2	1	1	1	- -	1
Total Current Liabilities	11	13	15	13	14	17	19	18	17	22	18	24	23	19	21
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	7	6	7	7	7	6	7	8	11	13	16	16	20	23	2
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	6	6	6	7	7	6	7	7	10	13	16	14	18	22	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	2	2	2
Total Noncurrent Liabilities	7	6	7	7	7	6	7	8	11	13	16	16	20	23	2
Total Liabilities	17	20	21	20	20	23	26	26	28	35	34	39	42	42	22
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	5	6	7	8	8	3	3	3	3	3	3	3	3	3	4
+ Common Stock	4	4	4	4	4	3	3	3	3	3	3	3	3	3	4
+ Additional Paid in Capital	1	2	4	4	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	90	73	75	78	84	64	68	74	77	83	98	123	148	126	121
+ Other Equity	-1	-2	-1	-2	-2	-2	-2	-2	-3	-2	-3	-2	- -	- -	- -
Equity Before Minority Interest	93	78	81	83	90	65	70	75	77	85	99	124	152	129	125
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	93	78	81	83	90	65	70	75	77	85	99	124	152	129	125
Total Liabilities & Equity	111	97	103	104	111	89	96	101	105	119	133	164	194	171	147
Shares Outstanding	37	38	38	38	38	35	35	34	34	34	34	34	34	35	35
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-1	-2	-5	-4	-8	-3	-8	-9	-20	-32	-14	-43	-72	-52	-44
Net Debt to Equity	-1.02	-2.12	-6.28	-4.88	-8.85	-4	-11.04	-11.63	-25.65	-37.36	-14.31	-34.71	-47.47	-40.6	-34.82
Tangible Common Equity Ratio	83.73	79.08	78.67	79.68	80.86	72.77	71.46	73.57	72.72	69.82	73.41	75.41	77.79	74.78	84.48
Current Ratio	4.03	2.72	3.11	3.27	3.82	3	2.8	3.56	4.16	3.72	5.15	5.3	6.17	5.81	5.37
Cash Conversion Cycle	93.94	73.51	65.82	67.64	62.8	64.78	62.55	61.31	66.98	76.7	86.31	86.49	77.05	96.74	90.47

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	7	7	8	9	14	17	19	28	28	19	29	40	42	18	11
+ Depreciation & Amortization	1	1	1	1	1	1	2	2	2	2	2	2	2	3	3
+ Non-Cash Items	-1	1	3	2	4	3	5	3	1	3	2	2	1	3	10
+ Stock-Based Compensation	1	1	2	2	2	3	3	2	2	3	2	3	4	4	5
+ Deferred Income Taxes	- -	- -	- -	-1	1	-1	2	- -	-1	- -	- -	-2	-3	-1	5
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-2	- -	1	1	1	1	- -	- -	- -	1	- -	1	- -	- -	- -
+ Chg in Non-Cash Work Cap	-3	- -	- -	-1	-3	-5	4	-10	2	5	-33	5	12	6	-8
+ (Inc) Dec in Accts Receiv	- -	- -	- -	1	1	1	-3	-1	-3	3	1	-2	3	-2	-4
+ (Inc) Dec in Inventories	-3	-3	-1	- -	-4	-10	4	-9	5	-1	-31	- -	11	12	-5
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	1	- -	- -
+ Inc (Dec) in Accts Payable	- -	3	1	-1	1	4	2	-1	-1	5	-4	6	-1	-4	2
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	1	- -	1	-2	1	2	-2	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3	8	11	11	16	16	30	23	34	30	- -	49	57	30	16
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	-1	-1	-2	-2	-35	-7	-8	-8	-2	-1	-1	-1	-1	-1
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	-1	-1	-2	-2	-35	-7	-8	-8	-2	-1	-1	-1	-1	-1
+ Net Change in LT Investment	-11	17	-1	-5	1	24	-4	5	8	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	25	51	15	20	18	53	18	21	8	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-36	-34	-15	-25	-16	-28	-22	-16	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-1	1	-4	-2	-2	-2	-2	-2	-1	-2	-8	-4	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-12	17	-1	-4	-2	23	-7	3	5	-2	-1	-2	-8	-4	-5
+ Dividends Paid	- -	-24	-6	-6	-8	-9	-12	-17	-20	-14	-16	-17	-19	-44	-20
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	-24	-6	-8	-10	-44	-18	-25	-28	-16	-17	-18	-20	-45	-21
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-9	1	3	-1	4	-5	5	1	11	12	-17	29	29	-20	-9
EBITDA	6	10	10	13	22	24	31	37	36	26	38	54	50	21	17
EBITDA Margin (%)	5.89	6.4	6.08	7.44	10.41	10.12	11.7	12.46	12.4	10.97	12.82	14.09	12.92	8.84	7.02
Free Cash Flow	3	8	11	11	16	16	30	23	34	30	- -	49	57	30	16
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	3	8	11	11	16	16	30	23	34	30	- -	49	57	30	16
Free Cash Flow to Equity	3	8	11	11	16	16	30	23	34	30	- -	49	57	30	16
Free Cash Flow per Basic Share	0.09	0.22	0.3	0.29	0.43	0.42	0.85	0.66	1	0.88	0.01	1.44	1.65	0.85	0.48
Price/Free Cash Flow	55.28	25.73	34.13	29.49	13.98	33.16	14.98	25.64	14.46	16.51	929.54	8.15	6.91	10.77	18.12
Cash Flow to Net Income	0.49	1.17	1.45	1.2	1.12	0.95	1.54	0.8	1.2	1.54	0.02	1.22	1.36	1.65	1.45
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -