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Vision Marine Technologies Inc (VMAR)



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Upturn Advisory Summary
08/14/2025: VMAR (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $11.04
1 Year Target Price $11.04
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 3.29M USD | Price to earnings Ratio - | 1Y Target Price 11.04 |
Price to earnings Ratio - | 1Y Target Price 11.04 | ||
Volume (30-day avg) 2 | Beta 0.23 | 52 Weeks Range 1.86 - 610.20 | Updated Date 08/15/2025 |
52 Weeks Range 1.86 - 610.20 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -268.46 |
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) -1312.16% |
Management Effectiveness
Return on Assets (TTM) -41.78% | Return on Equity (TTM) -155.26% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value -4288209 | Price to Sales(TTM) 2.12 |
Enterprise Value -4288209 | Price to Sales(TTM) 2.12 | ||
Enterprise Value to Revenue 0.89 | Enterprise Value to EBITDA -2.48 | Shares Outstanding 1157140 | Shares Floating 1132432 |
Shares Outstanding 1157140 | Shares Floating 1132432 | ||
Percent Insiders 2.25 | Percent Institutions 4.83 |
Upturn AI SWOT
Vision Marine Technologies Inc

Company Overview
History and Background
Vision Marine Technologies Inc. was founded in 2014, focusing on developing and manufacturing electric outboard motors and electric boats. Initially focused on smaller applications, the company has scaled to larger, high-performance electric boating solutions.
Core Business Areas
- Electric Outboard Motors: Design, development, and manufacturing of high-performance electric outboard motors.
- Electric Boats: Manufacturing and sale of complete electric boat models integrated with their electric propulsion systems.
Leadership and Structure
The leadership team consists of Alexandre Mongeon (CEO), and Xavier Montagne (COO). The company operates with a functional organizational structure, focusing on engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- E-Motion 180E: A high-performance electric outboard motor with 180 horsepower equivalent. While specific market share data is limited, the motor targets the high-performance boating segment. Competitors include Torqeedo, Elco Motor Yachts, and Mercury Marine (with their Avator electric outboards).
- Electric Boats (Fantail, Volta): A line of electric boats designed to be high-performance and environmentally conscious. Market share data for specific models is difficult to obtain, but competition comes from other electric boat manufacturers like X Shore and Frauscher.
Market Dynamics
Industry Overview
The electric boating industry is experiencing rapid growth, driven by increasing environmental awareness, stricter emission regulations, and advancements in battery technology. The market is still relatively nascent but expected to expand significantly.
Positioning
Vision Marine positions itself as a leader in high-performance electric boating, differentiating itself through its proprietary E-Motion powertrain technology. Their competitive advantage lies in offering a powerful and efficient electric alternative to traditional combustion engines.
Total Addressable Market (TAM)
The global electric boat and motor market is projected to reach billions of dollars in the next decade. Vision Marine is positioned to capture a portion of this TAM by focusing on higher-performance segments and partnering with established boat builders.
Upturn SWOT Analysis
Strengths
- Proprietary E-Motion powertrain technology
- Focus on high-performance electric boating
- First mover advantage in specific segments
- Established partnerships with boat builders
Weaknesses
- Limited production capacity
- High product costs compared to traditional options
- Dependence on battery technology advancements
- Relatively small market share compared to larger players
Opportunities
- Growing demand for electric boats and motors
- Increasing environmental regulations
- Potential for government incentives and subsidies
- Expansion into new markets and applications
Threats
- Competition from established marine engine manufacturers
- Fluctuations in battery material costs
- Slower than expected adoption of electric boating
- Economic downturn affecting discretionary spending
Competitors and Market Share
Key Competitors
- TORQ.DE
- BC-MAM.VI
- BRP
Competitive Landscape
Vision Marine's advantage lies in its high-performance electric outboard motor technology. However, it faces competition from larger, established players with broader product portfolios and distribution networks.
Growth Trajectory and Initiatives
Historical Growth: Vision Marine has experienced growth in revenue, driven by increasing demand for its electric outboard motors and boats. Growth rate calculation requires access to the company's financial statements.
Future Projections: Analyst projections vary depending on market conditions and company performance. Need to consult financial news sources for this information.
Recent Initiatives: Vision Marine is investing in expanding its production capacity and developing new electric propulsion systems. They are also focused on strengthening partnerships with boat manufacturers.
Summary
Vision Marine Technologies is a pioneering electric boat and motor manufacturer focusing on the high-performance segment. They are capitalizing on the increasing demand for sustainable boating solutions. However, they face challenges related to production capacity and competition from larger established players. Strategic partnerships and expansion into new markets will be crucial for their continued growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Press releases
- Industry reports
- Financial news sources
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is estimated and may not be precise. Financial metrics need to be looked up and edited.
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 | CEO - | ||
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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