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Vision Marine Technologies Inc (VMAR)



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Upturn Advisory Summary
06/30/2025: VMAR (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $11.14
1 Year Target Price $11.14
2 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -51.17% | Avg. Invested days 18 | 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 7.97M USD | Price to earnings Ratio - | 1Y Target Price 11.14 |
Price to earnings Ratio - | 1Y Target Price 11.14 | ||
Volume (30-day avg) 2 | Beta 0.23 | 52 Weeks Range 4.04 - 688.50 | Updated Date 06/30/2025 |
52 Weeks Range 4.04 - 688.50 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -599.64 |
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) -4076.74% |
Management Effectiveness
Return on Assets (TTM) -32.52% | Return on Equity (TTM) -78.87% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value -2833901 | Price to Sales(TTM) 3.43 |
Enterprise Value -2833901 | Price to Sales(TTM) 3.43 | ||
Enterprise Value to Revenue 0.89 | Enterprise Value to EBITDA -2.48 | Shares Outstanding 1105750 | Shares Floating 1076112 |
Shares Outstanding 1105750 | Shares Floating 1076112 | ||
Percent Insiders 2.44 | Percent Institutions 0.58 |
Analyst Ratings
Rating 2 | Target Price 11.14 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Vision Marine Technologies Inc

Company Overview
History and Background
Vision Marine Technologies Inc. was founded to revolutionize the boating industry with electric propulsion systems. The company has focused on developing and manufacturing high-performance electric outboard motors and electric boats. Through innovations, it has targeted the transition from combustion engine boats to electric alternatives.
Core Business Areas
- Electric Outboard Motors: Design, manufacture, and sale of high-performance electric outboard motors for various boat types.
- Electric Boats: Development and sale of complete electric boats integrated with their electric propulsion systems.
- Services and Parts: Providing after-sales services, replacement parts, and related accessories.
Leadership and Structure
The leadership team consists of executives with experience in marine technology, engineering, and business management. Organizational structure includes departments for R&D, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- E-Motion 180E Outboard Motor: High-performance electric outboard motor with a significant amount of horsepower. Market share data is not readily available, but it competes with traditional combustion engine outboards from Mercury Marine and Yamaha, as well as other electric outboard manufacturers like Torqeedo. Revenue information is not publicly disclosed. Competitors: Mercury Marine (Brunswick BC), Yamaha, Torqeedo.
- Electric Boats: A line of electric boats designed to maximize the efficiency and performance of their electric propulsion systems. Market share data is not readily available. It faces competition from companies producing both electric and combustion engine boats. Revenue is not publicly disclosed. Competitors: X Shore, Nimbus.
Market Dynamics
Industry Overview
The marine industry is undergoing a shift towards electric propulsion due to increasing environmental concerns and technological advancements. The demand for electric boats and motors is growing, but still represents a small portion of the overall market.
Positioning
Vision Marine Technologies Inc. aims to be a leader in the electric boating market, focusing on high-performance and innovative solutions. Their competitive advantage lies in their advanced electric propulsion technology and integrated boat designs.
Total Addressable Market (TAM)
The global boating market is a multi-billion dollar industry. The portion addressable by Vision Marine focuses on the electric segment which is rapidly growing. Industry analysts project TAM is growing into the tens of billions by the end of the decade. VMAR is focused on capturing a significant portion of this growing market.
Upturn SWOT Analysis
Strengths
- Innovative electric propulsion technology
- Focus on high-performance electric motors
- Integrated electric boat designs
- First mover advantage in a niche market
Weaknesses
- Limited production capacity
- High product cost compared to combustion engine alternatives
- Dependence on battery technology advancements
- Relatively small market share
Opportunities
- Growing demand for electric boats
- Increasing government incentives for electric vehicles
- Partnerships with boat manufacturers
- Expansion into new markets and applications
Threats
- Competition from established marine engine manufacturers
- Fluctuations in battery prices
- Economic downturn affecting discretionary spending
- Regulatory changes affecting boating industry
Competitors and Market Share
Key Competitors
- BC
- YAMHF
- Private Companies
Competitive Landscape
Vision Marine Technologies Inc. competes with both established marine engine manufacturers and emerging electric boat companies. It faces challenges in terms of brand recognition and production scale but has an advantage with innovative technology. Brunswick (BC) and Yamaha (YAMHF) have larger market shares due to their long-standing presence in the traditional marine industry.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends data require financial market updates. A complete response will require access to financial market data.
Future Projections: Future projections data require financial market updates. A complete response will require access to financial market data.
Recent Initiatives: Recent initiatives data requires financial market updates. A complete response will require access to financial market data. Example: expanding its distribution network and product line.
Summary
Vision Marine Technologies is striving to be a leader in the growing electric boating market through its innovative technology. While its products hold promise and it's in a growth sector, it faces obstacles like production limits and competition from major players in boating. The company must continue to capitalize on market opportunities and manage the challenges of scaling up production to become profitable.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- Financial news sources
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on available estimates and may not be precise. Financial metrics and future projections are based on current information and are subject to change.
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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