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Vision Marine Technologies Inc (VMAR)



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Upturn Advisory Summary
04/01/2025: VMAR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -46.72% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 4.31M USD | Price to earnings Ratio - | 1Y Target Price 260.8 |
Price to earnings Ratio - | 1Y Target Price 260.8 | ||
Volume (30-day avg) 205837 | Beta -0.04 | 52 Weeks Range 4.04 - 1039.50 | Updated Date 04/2/2025 |
52 Weeks Range 4.04 - 1039.50 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1170.84 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -2089.85% |
Management Effectiveness
Return on Assets (TTM) -41.12% | Return on Equity (TTM) -143.52% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 4951245 | Price to Sales(TTM) 1.46 |
Enterprise Value 4951245 | Price to Sales(TTM) 1.46 | ||
Enterprise Value to Revenue 2.41 | Enterprise Value to EBITDA -2.48 | Shares Outstanding 981342 | Shares Floating 355650 |
Shares Outstanding 981342 | Shares Floating 355650 | ||
Percent Insiders 2.3 | Percent Institutions 0.17 |
Analyst Ratings
Rating 5 | Target Price 259.29 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Vision Marine Technologies Inc

Company Overview
History and Background
Vision Marine Technologies Inc. was founded in 2014. They are focused on designing, manufacturing, and selling electric boats and outboard powertrain systems. Their mission is to be a leader in the electric transition of the recreational boating industry.
Core Business Areas
- Electric Boats: Designs, manufactures, and sells fully electric boats for recreational use.
- Electric Outboard Powertrain Systems: Develops and sells electric outboard powertrain systems that can be retrofitted onto existing boats or integrated into new boat designs.
Leadership and Structure
Alexandre Mongeon is the CEO. The company operates with a functional organizational structure, with departments focused on engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- E-Motion 180E Outboard: The E-Motion 180E is a high-performance electric outboard motor. Market share data is difficult to ascertain precisely but considered to be at the top of the market. Competitors include Torqeedo and Elco Motor Yachts.
- Electric Boats (e.g., Fantail 240): Vision Marine offers a range of electric boats. Market share data is difficult to ascertain precisely but considered to be at the top of the market. Competitors include X Shore and Navier.
Market Dynamics
Industry Overview
The recreational boating industry is undergoing a transition toward electric propulsion, driven by environmental concerns and technological advancements. The electric boat market is still relatively nascent but experiencing rapid growth.
Positioning
Vision Marine is positioned as an innovator and leader in the electric boat and powertrain market. They aim to provide high-performance and eco-friendly alternatives to traditional gasoline-powered boats.
Total Addressable Market (TAM)
The global electric boat and marine propulsion market is expected to reach billions of USD. Vision Marine is positioned to capture a significant portion of this TAM by focusing on innovation and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Innovative technology
- Strong focus on electric propulsion
- Established brand recognition in the electric boat market
- Strategic partnerships
Weaknesses
- Limited production capacity
- High production costs
- Reliance on key suppliers
- Small market share in the broader marine industry
Opportunities
- Growing demand for electric boats
- Government incentives for electric vehicles
- Expanding distribution network
- Partnerships with boat manufacturers
Threats
- Competition from established marine engine manufacturers
- Fluctuations in raw material prices
- Changes in government regulations
- Economic downturn
Competitors and Market Share
Key Competitors
- Torqeedo (Privately Held)
- Elco Motor Yachts (Privately Held)
- X Shore (Privately Held)
Competitive Landscape
Vision Marine has a unique advantage in its focus on electric boats and powertrain systems. However, it faces competition from established marine engine manufacturers and other electric boat companies.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Vision Marine has experienced growth in recent years, driven by increasing demand for electric boats and powertrain systems. Further information required for precise growth figures.
Future Projections: Analyst estimates suggest continued growth for Vision Marine, driven by the increasing adoption of electric boats. Specific projections are unavailable without real-time access to analyst reports.
Recent Initiatives: Recent initiatives include expanding production capacity and forming strategic partnerships.
Summary
Vision Marine is a player in the electric boat market, with innovative technology and strong brand recognition. Limited production capacity and competition are challenges. The company's future growth depends on expanding production and capitalizing on the growing demand for electric boats.
Similar Companies
- BRP
- CMI
- MCFT
Sources and Disclaimers
Data Sources:
- Company website
- Press releases
- Industry reports
- Analyst reports (where available)
Disclaimers:
The data and analysis provided are based on publicly available information and should not be considered financial advice. Market share data is estimated based on available information and may not be precise. Financial data is based on recent annual reporting.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vision Marine Technologies Inc
Exchange NASDAQ | Headquaters Boisbriand, QC, Canada | ||
IPO Launch date 2020-11-24 | Co-Founder, CEO & Director Mr. Alexandre Mongeon | ||
Sector Consumer Cyclical | Industry Recreational Vehicles | Full time employees - | |
Full time employees - |
Vision Marine Technologies Inc. designs, develops, manufactures, rents, and sells electric boats in Canada, the United States, and internationally. The company offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; and maintenance, repair, and customer support services, as well as manufactures customized boats. The company also provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada.
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