Massimo Group Common Stock (MAMO) 10-Year Financial Performance & Capital Metrics

MAMO • • Industrial / General

Consumer CyclicalRecreational VehiclesPowersports VehiclesMotorcycle & Powersports Manufacturers

AboutMassimo Group, through its subsidiaries, manufactures, imports, distributes, and sells utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. It also offers motorcycles, scooters, golf carts, and go karts and balance bikes. In addition, the company provides product lines, such as EV chargers, electric coolers, power stations, and portable solar panels. Further, it offers snow equipment; and various accessories. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace. The company was founded in 2009 and is based in Garland, Texas.Show more

Revenue $109M -5.0%
EBITDA $5M -60.2%
Net Income $2M -83.1%
EPS (Diluted) 0.04 -82.9%
Gross Margin 29.69% -4.9%
EBITDA Margin 4.78% -58.1%
Operating Margin 4.62% -58.9%
Net Margin 1.61% -82.2%
ROE 9.74% -90.9%
ROIC 15.08% -64.4%
Debt/Equity 0.70 +3.0%
Interest Coverage 51.18 +105.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 54.2%
✓Momentum leader: RS Rating 84 (top 16%)
✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y9.81%

TTM-45.79%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-27.99%

TTM-111.26%

EPS CAGR

10Y-

5Y-

3Y-27%

TTM-109.28%

ROCE

10Y Avg46.58%

5Y Avg46.58%

3Y Avg51.78%

Latest19.32%

Peer Comparison

Motorcycle & Powersports Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MAMOMassimo Group Common Stock	157.4M	3.78	88.32	-4.97%	-1.16%	-3.8%	3.99%	0.70
PIIPolaris Inc.	3.98B	70.79	36.30	-19.69%	-2.17%	-13.04%	0.16%	1.70
HOGHarley-Davidson, Inc.	2.49B	21.07	6.13	-11.13%	11.4%	14.07%	34.84%	2.22
DOOOBRP Inc.	2.86B	78.66	-27.31	-24.47%	-0.48%	-7.62%	10.96%	12.68

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	82.57M	86.53M	115.04M	109.33M
Revenue Growth %	-	0.05%	0.33%	-0.05%
Cost of Goods Sold+	65.53M	64.32M	79.13M	76.87M
COGS % of Revenue	0.79%	0.74%	0.69%	0.7%
Gross Profit+	17.04M	22.2M	35.91M	32.46M
Gross Margin %	0.21%	0.26%	0.31%	0.3%
Gross Profit Growth %	-	0.3%	0.62%	-0.1%
Operating Expenses+	12.67M	17.6M	22.99M	27.41M
OpEx % of Revenue	0.15%	0.2%	0.2%	0.25%
Selling, General & Admin	12.67M	17.6M	22.99M	26.29M
SG&A % of Revenue	0.15%	0.2%	0.2%	0.24%
Research & Development	0	0	0	343.49K
R&D % of Revenue	-	-	-	0%
Other Operating Expenses	0	0	0	772.78K
Operating Income+	4.37M	4.61M	12.92M	5.05M
Operating Margin %	0.05%	0.05%	0.11%	0.05%
Operating Income Growth %	-	0.05%	1.81%	-0.61%
EBITDA+	4.55M	4.79M	13.12M	5.22M
EBITDA Margin %	0.06%	0.06%	0.11%	0.05%
EBITDA Growth %	-	0.05%	1.74%	-0.6%
D&A (Non-Cash Add-back)	175.4K	185.87K	193.63K	171.35K
EBIT	5.17M	4.99M	13.06M	2.52M
Net Interest Income+	-454.07K	-828.02K	-518.73K	-98.67K
Interest Income	0	0	0	0
Interest Expense	454.07K	828.02K	518.73K	98.67K
Other Income/Expense	345.91K	-443.39K	-377.87K	-2.63M
Pretax Income+	4.72M	4.16M	12.55M	2.42M
Pretax Margin %	0.06%	0.05%	0.11%	0.02%
Income Tax+	0	0	2.13M	654.76K
Effective Tax Rate %	1%	1%	0.83%	0.73%
Net Income+	4.72M	4.16M	10.42M	1.76M
Net Margin %	0.06%	0.05%	0.09%	0.02%
Net Income Growth %	-	-0.12%	1.5%	-0.83%
Net Income (Continuing)	4.72M	4.16M	10.42M	1.76M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	0.11	0.10	0.25	0.04
EPS Growth %	-	-0.09%	1.5%	-0.83%
EPS (Basic)	0.11	0.10	0.25	0.04
Diluted Shares Outstanding	41.3M	41.3M	41.3M	41.54M
Basic Shares Outstanding	41.3M	41.3M	41.3M	41.54M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	33.83M	34.59M	38.36M	43.62M
Cash & Short-Term Investments	1.29M	947.97K	765.81K	10.21M
Cash Only	1.29M	947.97K	765.81K	10.21M
Short-Term Investments	0	0	0	0
Accounts Receivable	7.83M	6.9M	9.61M	4.96M
Days Sales Outstanding	34.61	29.12	30.48	16.56
Inventory	22.32M	23.76M	25.8M	27.26M
Days Inventory Outstanding	124.31	134.84	119.02	129.44
Other Current Assets	49.02K	0	0	0
Total Non-Current Assets+	2.28M	2.27M	3.58M	11.27M
Property, Plant & Equipment	2.28M	1.85M	1.99M	10.09M
Fixed Asset Turnover	36.20x	46.79x	57.76x	10.84x
Goodwill	0	0	0	0
Intangible Assets	0	0	0	0
Long-Term Investments	0	0	0	0
Other Non-Current Assets	0	421.79K	1.46M	49.5K
Total Assets+	36.11M	36.86M	41.94M	54.89M
Asset Turnover	2.29x	2.35x	2.74x	1.99x
Asset Growth %	-	0.02%	0.14%	0.31%
Total Current Liabilities+	22M	31.13M	18.83M	25.74M
Accounts Payable	12.26M	11.11M	10.33M	9.57M
Days Payables Outstanding	68.31	63.05	47.67	45.46
Short-Term Debt	5.5M	16.62M	311.31K	5.56M
Deferred Revenue (Current)	1000K	696.27K	1000K	450K
Other Current Liabilities	26.57K	641.78K	77.16K	0
Current Ratio	1.54x	1.11x	2.04x	1.69x
Quick Ratio	0.52x	0.35x	0.67x	0.64x
Cash Conversion Cycle	90.62	100.91	101.82	100.54
Total Non-Current Liabilities+	1.21M	659.64K	8.63M	7.45M
Long-Term Debt	0	0	7.92M	0
Capital Lease Obligations	1.21M	659.64K	707.88K	7.45M
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	0	0	0	0
Total Liabilities	23.2M	31.79M	27.46M	33.19M
Total Debt+	7.42M	18.06M	9.83M	15.17M
Net Debt	6.13M	17.11M	9.06M	4.96M
Debt / Equity	0.57x	3.56x	0.68x	0.70x
Debt / EBITDA	1.63x	3.77x	0.75x	2.91x
Net Debt / EBITDA	1.35x	3.57x	0.69x	0.95x
Interest Coverage	9.63x	5.56x	24.91x	51.18x
Total Equity+	12.91M	5.07M	14.49M	21.7M
Equity Growth %	-	-0.61%	1.86%	0.5%
Book Value per Share	0.31	0.12	0.35	0.52
Total Shareholders' Equity	12.91M	5.07M	14.49M	21.7M
Common Stock	40K	40K	40K	41.54K
Retained Earnings	12.91M	5.07M	13.29M	15.05M
Treasury Stock	0	0	0	0
Accumulated OCI	0	0	0	0
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.3M	621.29K	10.91M	6.67M
Operating CF Margin %	-0.02%	0.01%	0.09%	0.06%
Operating CF Growth %	-	1.48%	16.55%	-0.39%
Net Income	4.72M	4.16M	10.42M	1.76M
Depreciation & Amortization	175.4K	185.87K	193.63K	171.35K
Stock-Based Compensation	0	0	0	0
Deferred Taxes	0	0	-134.6K	-992.01K
Other Non-Cash Items	490.22K	608.77K	2.2M	7.01M
Working Capital Changes	-6.68M	-4.33M	-1.77M	-1.28M
Change in Receivables	-3.4M	1.12M	-3.54M	4.9M
Change in Inventory	-204.91K	-1.45M	-2.48M	-1.49M
Change in Payables	-2.28M	-1.15M	1.36M	-761.76K
Cash from Investing+	-240.47K	-197.8K	-121.16K	-225.88K
Capital Expenditures	-240.47K	-197.8K	-134.66K	-387.88K
CapEx % of Revenue	0%	0%	0%	0%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	0	13.5K	162K
Cash from Financing+	2.52M	-764.37K	-10.97M	3M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	-45.6K	-2.32M	-6.23M	-2.62M
Net Change in Cash	-	-	-	-
Free Cash Flow+	-1.54M	423.49K	10.77M	6.28M
FCF Margin %	-0.02%	0%	0.09%	0.06%
FCF Growth %	-	1.28%	24.43%	-0.42%
FCF per Share	-0.04	0.01	0.26	0.15
FCF Conversion (FCF/Net Income)	-0.27x	0.15x	1.05x	3.79x
Interest Paid	439.07K	805.23K	518.73K	98.67K
Taxes Paid	0	0	143.32K	2.7M

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	36.55%	46.29%	106.5%	9.74%
Return on Invested Capital (ROIC)	-	16.76%	42.39%	15.08%
Gross Margin	20.64%	25.66%	31.22%	29.69%
Net Margin	5.71%	4.81%	9.05%	1.61%
Debt / Equity	0.57x	3.56x	0.68x	0.70x
Interest Coverage	9.63x	5.56x	24.91x	51.18x
FCF Conversion	-0.27x	0.15x	1.05x	3.79x
Revenue Growth	-	4.8%	32.95%	-4.97%

Frequently Asked Questions

Valuation & Price

Massimo Group Common Stock (MAMO) has a price-to-earnings (P/E) ratio of 88.3x. This suggests investors expect higher future growth.

Growth & Financials

Massimo Group Common Stock (MAMO) reported $70.9M in revenue for fiscal year 2024. This represents a 14% decrease from $82.6M in 2021.

Massimo Group Common Stock (MAMO) saw revenue decline by 5.0% over the past year.

Massimo Group Common Stock (MAMO) reported a net loss of $0.8M for fiscal year 2024.

Dividend & Returns

Massimo Group Common Stock (MAMO) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Massimo Group Common Stock (MAMO) generated $4.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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