Malibu Boats Inc (MBUU)

Create your own financial model for the company.

o Include at least 1 year of quarterly history and 1 year of quarterly forward estimates.
o Provide any other supporting analysis or relevant work used in your research and
conclusions.
o Note: This should be your own working 3 statement flowing model built from a blank
sheet. Do not use a model template, sell-side model, or example from any other
source, even if you are just using this for formatting purposes.

Further Instructions:
MODEL
The goal is to make the model detailed enough that it captures the variables in the
business, but not too detailed that one gets lost in the minutia.
Structure your model in a way that demonstrates that you understand components that
drive revenue, costs, and profitability and allows you to make projections of future
revenue/profits in a logical manner consistent with how management of a company in
this industry might look at the business.

Please include the following in your model:

 Include a price target and risk/reward supported by valuation analysis at target price and risk
price.
 Capture the main drivers of revenue & costs
 What are the most sensitive variables/drivers in the profitability of the company?
 Choose the most important driver of profitability and project EPS sensitivity
 Build a DCF
 Calculate ROIC and use as many valuation metrics as you feel are relevant to your specific
investment recommendation
 Base/Upside/Downside scenarios
 Clearly state your assumptions throughout the spreadsheet – you can write comments in the
model to explain your rational for key assumptions
 Color code figures in the model to identify sources of your information:
o Black font = numbers reported by the company (either in a press release, presentation,
filing or a conference call) and calculations
o Blue font = your own assumptions
o Green font = street/sell side assumptions
 You can use plots/graphs in a separate worksheet to illustrate trends or rationale for your
assumptions. Again, only use this if you think it will help to get the point across in an efficient
manner and focuses on key points; do not overuse plots and graphs.