Professional
Added to YB: 2024-06-12
Pitch date: 2024-06-03
DOOO [bullish]
BRP Inc.
+24.43%
current return
Author Info
No bio for this author
Company Info
BRP Inc., together with its subsidiaries, designs, develops, manufactures, and sells powersports vehicles and marine products in the Mexico, Canada, Austria, the United States, Finland, Australia, and Germany.
Market Cap
CAD 6.6B
Pitch Price
CAD 85.84
Price Target
80.00 (-25%)
Dividend
0.96%
EV/EBITDA
10.40
P/E
33.15
EV/Sales
1.20
Sector
Leisure Products
Category
growth
BRP Inc.: Proactive Pruning of Shipments Positions BRP to Exit Period of Soft Demand Competitively Standing
$DOOO: BRP proactively pruned shipments to exit soft demand period competitively. FY24 solid, FY25 dealer demand down on macro headwinds. Innovation (Project Ghost), mkt share, lean ops, engaged workforce key priorities. CAD8.9B sales, CAD6.50 EPS FY25. Wide moat on brand & cost edge. Risks: inflation, competition, credit availability. $80 FVE on dealer struggles. Long-term 4% sales CAGR, 12% margins. Exemplary stewardship.
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