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DCF valuation

What is Malibu Boats, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Malibu Boats, Inc.'s reported free cash flow gives $24.55 per share. The share price was $24.09 on September 25, 2026, 2% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$42.8M
Average free cash flow, last 5 years
$58.1M
Cash
$74.4M
balance sheet of June 30, 2026
Debt
$165M
balance sheet of June 30, 2026
Diluted shares, fiscal 2026
19,344,924
Revenue growth per year, last 5 years
-0.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-5.5%-2.0%2.0%10.0%$13.63-43%
Base-0.5%1.0%2.5%9.0%$24.55+2%
Bull4.5%4.0%3.0%8.0%$45.80+90%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$32.07$34.31$37.05$40.48$44.89
8.0%$26.49$27.95$29.67$31.74$34.26
9.0%$22.41$23.40$24.55$25.89$27.47
10.0%$19.28$19.98$20.79$21.70$22.76
11.0%$16.80$17.32$17.90$18.56$19.29

Where the presets come from

Base: years 1 to 5 grow at Malibu Boats, Inc.'s revenue growth rate over the last 5 fiscal years (-0.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Malibu Boats, Inc. company page