BRP Inc. (DOO) vs Winnebago Industries, Inc. (WGO)

BRP Inc. and Winnebago Industries, Inc. are both Recreational Vehicles companies. BRP Inc. is the larger, with a market value of $3.9B against $760.4M — 5.2× the size. Winnebago Industries, Inc. trades at the lower P/E: 20.0× against 50.2×. BRP Inc. grew revenue faster over the last twelve months: 22.2% against 3.44%. Winnebago Industries, Inc. has the higher net margin (1.36% vs 1.26%) and the lower return on invested capital (2.65% vs 11.6%). Both pay a dividend; Winnebago Industries, Inc. yields more (1.85% vs 0.75%). Across the 23 metrics below, Winnebago Industries, Inc. leads on 12 and BRP Inc. on 11.

Valuation

Metric DOO WGO Recreational Vehicles median
P/E 50.16 19.96 17.55
P/S 0.62 0.27 0.53
P/B 17.33 0.62 0.91
Price to free cash flow 4.88 4.13 10.77
EV/EBITDA 8.96 9.23 9.09
EV/Sales 0.81 0.43 0.63
Earnings yield 1.99% 5.01% 0.15%
Free cash flow yield 20.49% 24.23% 6.30%

Profitability

Metric DOO WGO Recreational Vehicles median
Gross margin 20.57% 13.00% 22.03%
Operating margin 4.21% 2.42% 0.17%
Net margin 1.26% 1.36% (0.15%)
Free cash flow margin 12.65% 6.56% 4.02%
Return on equity 28.24% 3.14% 0.16%
Return on assets 1.81% 1.85% 0.10%
Return on invested capital 11.57% 2.65% 0.16%

Growth

Metric DOO WGO Recreational Vehicles median
Revenue growth (TTM) 22.21% 3.44% 4.05%
EPS growth (last fiscal year) 242.93% 106.82% —
Revenue growth, 5-year CAGR 6.37% 3.50% 4.29%
Net income growth, 5-year CAGR (5.08%) (16.00%) 0.00%

Health

Metric DOO WGO Recreational Vehicles median
Debt to equity 7.46 0.36 0.48
Current ratio 1.19 2.37 1.81
Net debt to EBITDA 2.29 3.03 0.53

Dividend

Metric DOO WGO Recreational Vehicles median
Dividend yield 0.75% 1.85% 1.87%
Payout ratio 0.05 0.13 0.05

Size

Metric DOO WGO Recreational Vehicles median
Market cap 3.94b 760.43m 628.11m

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