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Is MarineMax (HZO) Stock Undervalued Right Now?

Zacks Equity Research

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

MarineMax (HZO) is a stock many investors are watching right now. HZO is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock holds a P/E ratio of 11.72, while its industry has an average P/E of 20.16. Over the last 12 months, HZO's Forward P/E has been as high as 19.70 and as low as 4, with a median of 10.35.

Finally, our model also underscores that HZO has a P/CF ratio of 8.64. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. HZO's current P/CF looks attractive when compared to its industry's average P/CF of 14.79. Over the past 52 weeks, HZO's P/CF has been as high as 10.83 and as low as 3.32, with a median of 7.54.

These are just a handful of the figures considered in MarineMax's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that HZO is an impressive value stock right now.


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