BRP Valuation

Is DOOO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DOOO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DOOO ($50.84) is trading below our estimate of fair value ($178.5)

Significantly Below Fair Value: DOOO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DOOO?

Key metric: As DOOO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DOOO. This is calculated by dividing DOOO's market cap by their current earnings.
What is DOOO's PE Ratio?
PE Ratio	19.8x
Earnings	CA$250.50m
Market Cap	CA$4.95b

DOOO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	6.7x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

How does DOOO's PE Ratio compare to its peers?

The above table shows the PE ratio for DOOO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	20x
YETI YETI Holdings	17.1x	7.5%	US$3.4b
PII Polaris	19.5x	20.2%	US$3.8b
GOLF Acushnet Holdings	23.9x	8.2%	US$4.4b
BC Brunswick	19.4x	19.9%	US$5.4b
DOOO BRP	19.8x	36.1%	US$5.0b

Price-To-Earnings vs Peers: DOOO is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does DOOO's PE Ratio compare vs other companies in the Global Leisure Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: DOOO is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the Global Leisure industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is DOOO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DOOO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.8x
Fair PE Ratio	29.6x

Price-To-Earnings vs Fair Ratio: DOOO is good value based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (29.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DOOO forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	US$50.84	US$66.87 +31.5%	7.0%	US$72.26	US$57.95	n/a	17
Nov ’25	US$49.83	US$69.27 +39.0%	5.9%	US$76.05	US$59.39	n/a	17
Oct ’25	US$58.41	US$70.47 +20.6%	6.1%	US$77.64	US$60.64	n/a	17
Sep ’25	US$72.38	US$75.14 +3.8%	6.7%	US$84.58	US$65.46	n/a	18
Aug ’25	US$69.72	US$75.71 +8.6%	7.1%	US$84.85	US$65.10	n/a	18
Jul ’25	US$63.22	US$75.39 +19.3%	7.0%	US$84.95	US$65.18	n/a	18
Jun ’25	US$62.50	US$78.08 +24.9%	6.4%	US$85.87	US$66.05	n/a	18
May ’25	US$67.25	US$78.86 +17.3%	8.8%	US$99.57	US$65.41	n/a	18
Apr ’25	US$72.17	US$79.32 +9.9%	10.1%	US$100.93	US$65.56	n/a	18
Mar ’25	US$65.99	US$78.65 +19.2%	10.0%	US$94.93	US$66.00	n/a	18
Feb ’25	US$64.06	US$79.43 +24.0%	10.0%	US$95.86	US$66.65	n/a	18
Jan ’25	US$71.69	US$77.25 +7.8%	10.2%	US$94.17	US$65.48	n/a	18
Dec ’24	US$63.26	US$82.57 +30.5%	19.2%	US$140.78	US$66.68	n/a	18
Nov ’24	US$68.07	US$101.90 +49.7%	14.7%	US$141.04	US$73.49	US$49.83	18
Oct ’24	US$75.86	US$101.90 +34.3%	14.7%	US$141.04	US$73.49	US$58.41	18
Sep ’24	US$78.11	US$101.16 +29.5%	13.9%	US$138.03	US$79.72	US$72.38	18
Aug ’24	US$91.86	US$104.07 +13.3%	13.9%	US$141.99	US$82.01	US$69.72	18
Jul ’24	US$84.60	US$102.65 +21.3%	14.0%	US$140.23	US$80.99	US$63.22	18
Jun ’24	US$70.84	US$102.51 +44.7%	12.2%	US$133.08	US$82.52	US$62.50	18
May ’24	US$75.87	US$103.44 +36.3%	12.0%	US$133.10	US$82.54	US$67.25	18
Apr ’24	US$78.20	US$102.42 +31.0%	11.2%	US$131.06	US$85.67	US$72.17	18
Mar ’24	US$86.73	US$101.52 +17.1%	10.7%	US$133.02	US$85.46	US$65.99	18
Feb ’24	US$87.13	US$101.09 +16.0%	11.4%	US$133.69	US$85.89	US$64.06	17
Jan ’24	US$76.35	US$99.97 +30.9%	11.5%	US$131.46	US$84.46	US$71.69	16
Dec ’23	US$77.86	US$100.60 +29.2%	12.2%	US$128.79	US$75.94	US$63.26	15
Nov ’23	US$66.97	US$98.40 +46.9%	12.9%	US$127.10	US$74.94	US$68.07	15

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.