Marine Products Corp (MPX)

Ship & Boat Building & Repairing

Latest Price

$8.18

TTM P/E

40.90

Normalized P/E

10.82

TTM Div Yield

6.85%

Fwd Div Yield

Book Value

3.44

P/B Ratio

2.38

Valuation metrics

EPS: $0.32

Book value / share: $3.57

Formula: √(22.5 × EPS × BVPS)

Graham Number

$5.07

38% downside

Norm. op. income: $34M (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$9.02

+10% upside

Base FCF: $36M (median of recent 5yr)

Growth: -14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$6.02

26% downside

EPS: $0.32

Target P/E: 11×

Formula: EPS × P/E

P/E Fair Value

$3.52

57% downside

12.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Dimensional Fund Advisors LP	767.5K	$5.0M	2.18%	+21.1K	2026-03-31
BlackRock, Inc.	625.5K	$4.0M	1.78%	-5.9K	2026-03-31
Vanguard Capital Management LLC	450.3K	$3.0M	1.28%	--	2026-03-31
Deprince Race & Zollo Inc	446.4K	$3.0M	1.27%	+30.1K	2026-03-31
Russell Investments Group, Ltd.	387.6K	$2.0M	1.10%	+78.3K	2026-03-31
De Lisle Partners LLP	363.7K	$2.0M	1.03%	--	2026-03-31
Geode Capital Management, LLC	260.6K	$1.0M	0.74%	+10.9K	2026-03-31
State Street Corp	181.4K	$1.0M	0.51%	-1.9K	2026-03-31
Bank of New York Mellon Corp	158.8K	$1.0M	0.45%	+14.3K	2026-03-31
K2 Principal Fund, L.P.	120.2K	--	0.34%	--	2026-03-31