MASTERCRAFT BOAT HOLDINGS, INC.

MCFT · Consumer Discretionary · $409.8M mkt cap · FY2025 filings · Narrow moat

Wonderful & reasonably priced

Narrow moat

The four filters

Pricing power38

Median gross margin 26.5% over 10y, stable.

Returns on capital93

Median ROIC 34.0%, above the 9% hurdle in 80% of years.

Balance-sheet safety74

Net cash position — no leverage risk.

Capital discipline45

Owner earnings -3.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

34% below value

Owner earnings (normalized): $56.2M
Est. intrinsic value / share: $38.04
Recent price: $24.98
Discount to value: 34% below value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell MCFT. See the disclaimer.