Brunswick Corporation (BC) vs BRP Inc. (DOO)

Brunswick Corporation and BRP Inc. are both Recreational Vehicles companies. Brunswick Corporation and BRP Inc. are of similar size ($4.3B and $3.9B). Brunswick Corporation has negative trailing earnings, so its P/E is not meaningful; BRP Inc. trades at 50.2×. BRP Inc. grew revenue faster over the last twelve months: 22.2% against 10.5%. BRP Inc. has the higher net margin (1.26% vs −1.53%) and the higher return on invested capital (11.6% vs −0.37%). Both pay a dividend; Brunswick Corporation yields more (1.98% vs 0.75%). Across the 22 metrics below, BRP Inc. leads on 16 and Brunswick Corporation on 6.

Valuation

Metric BC DOO Recreational Vehicles median
P/E n/m 50.16 17.55
P/S 0.78 0.62 0.53
P/B 2.62 17.33 0.91
Price to free cash flow 12.34 4.88 10.77
EV/EBITDA 22.35 8.96 9.09
EV/Sales 1.10 0.81 0.63
Earnings yield (1.93%) 1.99% 0.15%
Free cash flow yield 8.11% 20.49% 6.30%

Profitability

Metric BC DOO Recreational Vehicles median
Gross margin 25.58% 20.57% 22.03%
Operating margin (0.37%) 4.21% 0.17%
Net margin (1.53%) 1.26% (0.15%)
Free cash flow margin 6.33% 12.65% 4.02%
Return on equity (4.80%) 28.24% 0.16%
Return on assets (1.52%) 1.81% 0.10%
Return on invested capital (0.37%) 11.57% 0.16%

Growth

Metric BC DOO Recreational Vehicles median
Revenue growth (TTM) 10.46% 22.21% 4.05%
EPS growth (last fiscal year) (207.77%) 242.93% —
Revenue growth, 5-year CAGR 4.29% 6.37% 4.29%
Net income growth, 5-year CAGR 0.00% (5.08%) 0.00%

Health

Metric BC DOO Recreational Vehicles median
Debt to equity 1.25 7.46 0.48
Current ratio 1.45 1.19 1.81
Net debt to EBITDA 7.25 2.29 0.53

Dividend

Metric BC DOO Recreational Vehicles median
Dividend yield 1.98% 0.75% 1.87%
Payout ratio 0.20 0.05 0.05

Size

Metric BC DOO Recreational Vehicles median
Market cap 4.29b 3.94b 628.11m

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