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Vision Marine Technologies Inc (VMAR)


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Upturn Advisory Summary
10/15/2025: VMAR (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $10.85
1 Year Target Price $10.85
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 4.98M USD | Price to earnings Ratio - | 1Y Target Price 10.85 |
Price to earnings Ratio - | 1Y Target Price 10.85 | ||
Volume (30-day avg) 2 | Beta 0.2 | 52 Weeks Range 1.25 - 42.00 | Updated Date 10/17/2025 |
52 Weeks Range 1.25 - 42.00 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -263.2 |
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 -2642618 | Price to Sales(TTM) 3.21 |
Enterprise Value -2642618 | Price to Sales(TTM) 3.21 | ||
Enterprise Value to Revenue 0.89 | Enterprise Value to EBITDA -2.48 | Shares Outstanding 3232137 | Shares Floating 872701 |
Shares Outstanding 3232137 | Shares Floating 872701 | ||
Percent Insiders 32.31 | Percent Institutions 1.81 |
Upturn AI SWOT
Vision Marine Technologies Inc

Company Overview
History and Background
Vision Marine Technologies Inc. was founded in 2014. The company focuses on the development and manufacturing of electric outboard powertrain systems and electric boats. It has grown by focusing on innovating eco-friendly alternatives to traditional combustion engine boating.
Core Business Areas
- Electric Powertrains: Designs, develops, and manufactures high-performance electric outboard motors and complete electric powertrain systems for boats.
- Electric Boats: Manufactures and sells electric boats powered by their electric powertrain systems.
Leadership and Structure
Alexandre Mongeon is the CEO. The company has a typical corporate structure with departments for engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- E-Motion 180E Outboard Motor: High-performance electric outboard motor, claims to offer power equivalent to a 180 horsepower combustion engine. Market share data is not readily available. Competitors include Torqeedo and Mercury Marine (though Mercury is only partly electric).
- Electric Boats (e.g., Fantail 230E): Electric boats designed and manufactured by Vision Marine using their electric powertrain technology. Market share data is not readily available. Competitors include X Shore, Nimbus Boats (Electrified).
Market Dynamics
Industry Overview
The electric boat and marine powertrain industry is experiencing significant growth, driven by increasing environmental awareness and advancements in battery technology. Government regulations promoting electric vehicles also contribute.
Positioning
Vision Marine is positioned as an innovator in the high-performance electric boating segment. Its competitive advantage lies in its proprietary E-Motion powertrain technology.
Total Addressable Market (TAM)
The global electric boat market is projected to reach billions of USD in the coming years. Vision Marine is positioned to capture a portion of this TAM through its technology and product offerings.
Upturn SWOT Analysis
Strengths
- Proprietary E-Motion electric powertrain technology
- Focus on high-performance electric boating
- Growing market demand for electric boats
- First mover advantage in some segments
Weaknesses
- Limited production capacity
- Relatively small market share compared to established combustion engine manufacturers
- Dependence on key component suppliers
- Cash burn rate concerns
Opportunities
- Expanding into new geographic markets
- Developing new electric boat models
- Partnerships with boat manufacturers
- Government incentives for electric boats
Threats
- Competition from established combustion engine manufacturers entering the electric market
- Fluctuations in battery prices
- Economic downturn impacting recreational boating sales
- Regulatory changes affecting the boating industry
Competitors and Market Share
Key Competitors
- TORQO.L
- BRP
- YAMA.F
Competitive Landscape
Vision Marine needs to continue innovation to stay competitive with large and established brands. Their electric tech gives them an edge but they are behind in total sales.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by increasing demand for electric boats and adoption of the E-Motion powertrain.
Future Projections: Future growth projections depend on market conditions, technological advancements, and the company's ability to execute its strategic plan.
Recent Initiatives: Recent initiatives include expanding production capacity, developing new boat models, and forming partnerships with boat manufacturers.
Summary
Vision Marine is an innovative company in the growing electric boating sector. They have a strong tech base and are growing their production and sales. They face challenges with competition and cash flow, but if managed correctly have room to grow into the TAM.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on available information and estimates and may not be precise. Please see a professional financial advisor for investment advice.
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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