Valuation Scorecard: Stock Rating D-Negative (8/27/25)-Marine Products Corp (MPX).

At the current price of $9, what are market expectations regarding Marine Products’ future operating performance? Over the next 6 years, Marine Products shares will need to reach $15 to achieve average annual stock market performance of 9.0%. Marine Products’ stock price will need to reach $18 by 2030 to achieve upper quartile performance.

Executive Summary

• Price Target Research identifies Marine Products as having: above average financial strength, instability, low profitability, and very low expected growth.
• Low valuation, above market shareholder returns. Current valuation levels are below average relative to the Marine Products Peer Group. Recent market returns have outperformed the Marine Products Peer Group. Total shareholder returns expected to significantly lag the overall equity market. Based on current investor expectations, Marine Products shares should approach a level of $5 by 2030 — an -2.0% per year total shareholder return. A 2030 stock price of $15 would reflect median performance and a price of $18 would be required to reach upper quartile performance.
• Marine Products’ past growth is modestly above average. Historical growth has been high relative to the Marine Products Peer Group and forecasted growth is relatively very low. Revenue Growth has lagged. This factor has negatively affected market perceptions of Marine Products. Marine Products’ historical income statement growth and balance sheet growth have diverged. Revenue growth has fallen short of asset growth; earnings growth has paralleled equity growth and return on equity has been stable.
• Profitability is slightly above average. The company has very low cash and will have to work to generate attractive investments and improve valuation.
• Marine Products’ risk profile is favorable. Overall variability has been very high with very high revenue variability, above average E.P.S. variability, and only average stock price volatility. Financial Strength is only average and earnings’ expectations are unavailable. The debt/capital ratio has risen.

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