BRP Inc. (DOO.TO) 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

-36.9%

CA$55.72

vs CA$88.32 price

Levered DCF

CA$46.12

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.28

Grey zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	25.76×	81.76×	7.03×	10.2×	11.04×	21.14×	16.89×	16.37×
P/B	12.44×	21.22×	8.09×	16.48×	-64.65×	-16.04×	-10.63×	-11.33×
P/S	0.89×	0.65×	0.66×	0.88×	1.15×	1.29×	1.04×	0.71×
EV / EBITDA	10.06×	7.59×	4.96×	6.98×	7.39×	9.04×	10.07×	7.39×
Gross margin	22.4%	22.7%	26.4%	24.9%	27.9%	26.0%	24.0%	23.9%
Operating margin	6.8%	7.0%	14.1%	13.6%	15.5%	7.8%	10.0%	9.0%
Net margin	3.5%	-2.7%	7.5%	8.6%	10.4%	6.1%	6.1%	4.3%
Current ratio	1.27×	1.31×	1.41×	1.36×	1.02×	1.31×	0.89×	0.89×
Debt / equity	4.44×	12.97×	3.65×	5.64×	-16.13×	-5.53×	-3.2×	-3.71×
Interest coverage	3.01×	2.87×	7.87×	11.97×	9.57×	4.07×	7.32×	7×
Dividend yield	0.8%	1.2%	0.8%	0.6%	0.5%	0.1%	0.6%	0.9%
Payout ratio	21.6%	-29.0%	7.5%	5.9%	5.4%	2.6%	10.0%	15.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	48.3%	-88.3%	91.9%	161.5%	-585.5%	-75.9%	-63.0%	-69.2%
Return on invested capital	15.0%	5.7%	24.9%	24.7%	34.4%	12.7%	22.9%	23.0%
Return on assets	4.6%	-3.4%	11.0%	13.4%	15.8%	7.4%	9.9%	7.4%
Free cash flow yield	9.8%	3.2%	14.4%	-0.6%	1.0%	7.9%	3.2%	6.2%
Earnings yield	3.9%	-4.2%	11.4%	9.8%	9.1%	4.7%	5.9%	6.1%
Enterprise value	CA$9.8B	CA$8.1B	CA$9B	CA$11.6B	CA$10.7B	CA$9B	CA$8.1B	CA$4.8B
Net debt / EBITDA	2.32×	2.77×	1.36×	1.69×	1.33×	1.33×	2.29×	1.71×
Cash conversion cycle (days)	79	90	82	91	72	43	58	52