Brunswick Corporation (BC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-4.7%

$75.20

vs $78.94 price

Levered DCF

$37.14

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.23

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-35.69×	33.34×	16.15×	7.96×	13.2×	16.15×	-38.95×	15.33×
P/B	3×	2.3×	3.25×	2.64×	4.09×	4×	3.93×	2.57×
P/S	0.91×	0.83×	1.06×	0.79×	1.34×	1.39×	1.24×	0.99×
EV / EBITDA	26.16×	10.65×	8.79×	6.28×	9.59×	9.46×	18.4×	10.39×
Gross margin	24.8%	25.8%	27.9%	28.6%	28.5%	27.9%	27.3%	25.4%
Operating margin	-0.7%	5.9%	11.5%	13.9%	13.9%	12.4%	11.5%	8.6%
Net margin	-2.6%	2.5%	6.6%	9.9%	10.1%	8.6%	-3.2%	6.4%
Current ratio	1.44×	1.65×	1.43×	1.81×	1.47×	1.55×	1.62×	1.5×
Debt / equity	1.49×	1.33×	1.24×	1.29×	1×	0.69×	0.92×	0.77×
Interest coverage	-0.35×	2.46×	6.54×	9.66×	12.32×	8.01×	6.2×	7.88×
Dividend yield	2.3%	2.6%	1.6%	2.0%	1.3%	1.3%	1.4%	1.7%
Payout ratio	-82.0%	86.3%	26.6%	16.0%	16.7%	21.0%	-56.0%	25.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-8.4%	6.9%	20.1%	33.1%	31.0%	24.7%	-10.1%	16.8%
Return on invested capital	-0.9%	4.9%	10.2%	15.3%	16.2%	15.5%	4.8%	9.4%
Return on assets	-2.6%	2.3%	6.7%	10.7%	10.9%	9.9%	-3.7%	6.2%
Free cash flow yield	8.1%	6.1%	6.5%	3.7%	3.9%	10.2%	3.9%	3.5%
Earnings yield	-2.8%	3.0%	6.2%	12.6%	7.6%	6.2%	-2.6%	6.5%
Enterprise value	$7B	$6.6B	$8.9B	$7.4B	$9.4B	$6.6B	$6B	$5B
Net debt / EBITDA	8.02×	3.62×	2.1×	1.72×	1.59×	0.75×	2.7×	1.93×
Cash conversion cycle (days)	110	115	101	90	75	58	82	89