Ocean Bio-Chem is a leading manufacturer and distributor of maintenance and appearance products for the marine, automotive, recreational vehicle and home care markets. The Company offers its services under the Star brite and Star Tron brand names. Ocean Bio-Chemproduces private label formulations of its products for various customers and provides custom blending and packaging services for these and other products.

Employee Rating

4.0More
TypePublic
HQDavie, US
Founded1973
Size (employees)114 (est)
Websiteoceanbiochem.com
Ocean Bio-Chem was founded in 1973 and is headquartered in Davie, US
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Ocean Bio-Chem Office Locations

Ocean Bio-Chem has an office in Davie
Davie, (HQ)
4041 SW 47th Ave
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Ocean Bio-Chem Financials and Metrics

Ocean Bio-Chem Revenue

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Ocean Bio-Chem's revenue was reported to be $38.93 m in FY, 2017
USD

Revenue (Q3, 2018)

13.2m

Gross profit (Q3, 2018)

4.5m

Gross profit margin (Q3, 2018), %

34.2%

Net income (Q3, 2018)

1.3m

EBIT (Q3, 2018)

1.7m

Market capitalization (4-Dec-2018)

32.6m

Closing stock price (4-Dec-2018)

3.5

Cash (30-Sep-2018)

1.8m

EV

31.2m
Ocean Bio-Chem's current market capitalization is $32.6 m.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Revenue

32.7m34.0m36.2m38.9m

Cost of goods sold

21.8m22.6m22.3m24.4m

Gross profit

10.9m11.3m13.9m14.5m

Gross profit Margin, %

33%33%38%37%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

10.4m5.9m8.8m10.4m6.0m8.7m10.8m6.8m8.7m12.2m8.4m9.9m11.7m8.4m11.4m13.2m

Cost of goods sold

7.3m3.8m5.4m6.8m4.0m5.6m7.3m4.4m5.1m7.3m5.3m5.6m7.5m5.4m6.7m8.7m

Gross profit

3.2m2.1m3.4m3.6m2.0m3.2m3.6m2.4m3.7m4.9m3.1m4.3m4.1m3.0m4.7m4.5m

Gross profit Margin, %

30%35%39%34%34%36%33%35%42%40%37%43%35%36%41%34%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

3.1m3.1m2.5m4.1m2.4m

Accounts Receivable

5.1m

Inventories

7.4m844.8k7.9m8.6m9.1m

Current Assets

16.1m17.7m17.6m19.8m21.8m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

679.5k2.8m2.7m1.8m2.0m2.8m932.9k2.4m1.8m1.1m3.4m868.1k1.3m2.3m923.0k1.8m

Accounts Receivable

(3.6m)

Inventories

8.6m8.8m8.0m8.8m10.1m9.1m9.4m9.1m8.8m9.0m10.2m10.2m10.1m10.0m10.1m11.7m

Current Assets

17.4m16.4m16.5m18.1m17.8m17.7m19.5m17.9m18.3m21.3m21.0m19.4m25.7m22.3m24.9m28.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.4m2.0m460.7k2.1m2.6m

Depreciation and Amortization

783.0k843.1k916.3k974.6k955.2k

Inventories

1.9m(716.4k)191.8k(700.7k)(479.9k)

Accounts Payable

410.3k295.1k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.1m217.2k621.4k1.5m(15.9k)97.8k393.3k(540.8k)115.7k1.6m503.9k1.5m2.3m523.4k1.6m2.9m

Depreciation and Amortization

578.7k201.0k407.0k623.7k446.8k679.5k246.8k491.5k735.5k246.6k487.4k726.1k239.0k522.5k849.8k

Inventories

649.6k(1.4m)(582.5k)(1.4m)(1.0m)(1.3m)(1.2m)(966.5k)(1.1m)(1.6m)(1.6m)(1.5m)(897.2k)(1.1m)(2.6m)

Accounts Payable

1.0m717.8k1.3m
USDY, 2018

EV/EBIT

18.5 x

EV/CFO

-27 x

Financial Leverage

1.5 x
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Ocean Bio-Chem News and Updates

Ocean Bio-Chem, Inc. Reports Record Third Quarter Net Sales and 49% Increase in Third Quarter Net Income

FORT LAUDERDALE, Fla., Nov. 14, 2018 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today its financial results for the third quarter and the first nine months of 2018. For the three months ended September 30, 2018, the Company reported record net sales of approximately $13....

Ocean Bio-Chem, Inc. Announces the Acquisition of Snappy Marine, Inc.

FORT LAUDERDALE, Fla., Aug. 6, 2018 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI) subsidiary Star brite Distributing, Inc. announces the acquisition of Snappy Marine, Inc. a leading manufacturer and distributor of teak care products, for the marine industry. Peter Dornau, President...
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Ocean Bio-Chem Company Life and Culture

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Ocean Bio-Chem Frequently Asked Questions

  • When was Ocean Bio-Chem founded?

    Ocean Bio-Chem was founded in 1973.

  • How many employees does Ocean Bio-Chem have?

    Ocean Bio-Chem has 114 employees.

  • What is Ocean Bio-Chem revenue?

    Latest Ocean Bio-Chem annual revenue is $38.9 m.

  • What is Ocean Bio-Chem revenue per employee?

    Latest Ocean Bio-Chem revenue per employee is $341.5 k.

  • Who are Ocean Bio-Chem competitors?

    Competitors of Ocean Bio-Chem include PMT, Lincolnway Energy and Solutions Pest Pool Lawn.

  • Where is Ocean Bio-Chem headquarters?

    Ocean Bio-Chem headquarters is located at 4041 SW 47th Ave, Davie.

  • Where are Ocean Bio-Chem offices?

    Ocean Bio-Chem has an office in Davie.

  • How many offices does Ocean Bio-Chem have?

    Ocean Bio-Chem has 1 office.