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VISION MARINE TECHNOLOGIES (VMAR) Stock Fundamental Analysis

NASDAQ:VMAR - Nasdaq - CA92840Q3017 - Common Stock - Currency: USD

7.84  -0.25 (-3.09%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to VMAR. VMAR was compared to 30 industry peers in the Leisure Products industry. While VMAR seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, VMAR is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year VMAR has reported negative net income.
In the past year VMAR has reported a negative cash flow from operations.
VMAR had negative earnings in each of the past 5 years.
VMAR had a negative operating cash flow in each of the past 5 years.
VMAR Yearly Net Income VS EBIT VS OCF VS FCFVMAR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 -5M -10M -15M -20M

1.2 Ratios

The Return On Assets of VMAR (-42.02%) is worse than 80.00% of its industry peers.
VMAR has a worse Return On Equity (-50.07%) than 73.33% of its industry peers.
Industry RankSector Rank
ROA -42.02%
ROE -50.07%
ROIC N/A
ROA(3y)-85%
ROA(5y)-71.35%
ROE(3y)-233.59%
ROE(5y)-206.89%
ROIC(3y)N/A
ROIC(5y)N/A
VMAR Yearly ROA, ROE, ROICVMAR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

1.3 Margins

VMAR's Gross Margin of 33.76% is fine compared to the rest of the industry. VMAR outperforms 63.33% of its industry peers.
VMAR's Gross Margin has declined in the last couple of years.
VMAR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 33.76%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.69%
GM growth 5Y-2.57%
VMAR Yearly Profit, Operating, Gross MarginsVMAR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

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5

2. Health

2.1 Basic Checks

VMAR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, VMAR has more shares outstanding
The number of shares outstanding for VMAR has been increased compared to 5 years ago.
Compared to 1 year ago, VMAR has an improved debt to assets ratio.
VMAR Yearly Shares OutstandingVMAR Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 5K 10K 15K
VMAR Yearly Total Debt VS Total AssetsVMAR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 10M 20M 30M

2.2 Solvency

VMAR has an Altman-Z score of -1.85. This is a bad value and indicates that VMAR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -1.85, VMAR is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.02 indicates that VMAR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.02, VMAR is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Altman-Z -1.85
ROIC/WACCN/A
WACC7.31%
VMAR Yearly LT Debt VS Equity VS FCFVMAR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M

2.3 Liquidity

VMAR has a Current Ratio of 10.86. This indicates that VMAR is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 10.86, VMAR belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
VMAR has a Quick Ratio of 7.82. This indicates that VMAR is financially healthy and has no problem in meeting its short term obligations.
VMAR has a Quick ratio of 7.82. This is amongst the best in the industry. VMAR outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 10.86
Quick Ratio 7.82
VMAR Yearly Current Assets VS Current LiabilitesVMAR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 60.47% over the past year.
Looking at the last year, VMAR shows a very negative growth in Revenue. The Revenue has decreased by -54.68% in the last year.
Measured over the past years, VMAR shows a small growth in Revenue. The Revenue has been growing by 5.74% on average per year.
EPS 1Y (TTM)60.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%99.43%
Revenue 1Y (TTM)-54.68%
Revenue growth 3Y2.63%
Revenue growth 5Y5.74%
Sales Q2Q%-85.56%

3.2 Future

VMAR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 41.05% yearly.
VMAR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.85% yearly.
EPS Next Y98.92%
EPS Next 2Y41.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-63.16%
Revenue Next 2Y15.85%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
VMAR Yearly Revenue VS EstimatesVMAR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2M 4M 6M
VMAR Yearly EPS VS EstimatesVMAR Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2023 2024 2025 2026 -500 -1K -1.5K -2K

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for VMAR. In the last year negative earnings were reported.
Also next year VMAR is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
VMAR Price Earnings VS Forward Price EarningsVMAR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
VMAR Per share dataVMAR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -100 -200 -300 -400

4.3 Compensation for Growth

VMAR's earnings are expected to grow with 41.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.05%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for VMAR!.
Industry RankSector Rank
Dividend Yield N/A

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VISION MARINE TECHNOLOGIES

NASDAQ:VMAR (6/18/2025, 8:00:01 PM)

7.84

-0.25 (-3.09%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)01-13 2025-01-13/amc
Earnings (Next)N/A N/A
Inst Owners0.58%
Inst Owner Change-78.83%
Ins Owners2.57%
Ins Owner ChangeN/A
Market Cap8.15M
Analysts82.86
Price Target10.2 (30.1%)
Short Float %2.98%
Short Ratio0.63
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-91.67%
Min Revenue beat(2)-92.63%
Max Revenue beat(2)-90.72%
Revenue beat(4)1
Avg Revenue beat(4)-40.79%
Min Revenue beat(4)-92.63%
Max Revenue beat(4)103.29%
Revenue beat(8)1
Avg Revenue beat(8)-45.22%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-99.63%
PT rev (3m)-96.3%
EPS NQ rev (1m)94.62%
EPS NQ rev (3m)94.62%
EPS NY rev (1m)0%
EPS NY rev (3m)94.76%
Revenue NQ rev (1m)-82.61%
Revenue NQ rev (3m)-82.61%
Revenue NY rev (1m)-82.93%
Revenue NY rev (3m)-82.93%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.8
P/FCF N/A
P/OCF N/A
P/B 0.47
P/tB 0.49
EV/EBITDA N/A
EPS(TTM)-450.48
EYN/A
EPS(NY)-4.69
Fwd EYN/A
FCF(TTM)-9.58
FCFYN/A
OCF(TTM)-9.27
OCFYN/A
SpS1.63
BVpS16.64
TBVpS16.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -42.02%
ROE -50.07%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 33.76%
FCFM N/A
ROA(3y)-85%
ROA(5y)-71.35%
ROE(3y)-233.59%
ROE(5y)-206.89%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.69%
GM growth 5Y-2.57%
F-Score3
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 59.12%
Cap/Sales 19.01%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 10.86
Quick Ratio 7.82
Altman-Z -1.85
F-Score3
WACC7.31%
ROIC/WACCN/A
Cap/Depr(3y)91.15%
Cap/Depr(5y)115.05%
Cap/Sales(3y)16.31%
Cap/Sales(5y)16.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)60.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%99.43%
EPS Next Y98.92%
EPS Next 2Y41.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-54.68%
Revenue growth 3Y2.63%
Revenue growth 5Y5.74%
Sales Q2Q%-85.56%
Revenue Next Year-63.16%
Revenue Next 2Y15.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y23.75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year143.41%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-18.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-28.79%
OCF growth 3YN/A
OCF growth 5YN/A