Vision Marine Technologies (VMAR) AI Stock Analysis

• Market Cap: $6.84M
• Dividend Yield: N/A
• Average Volume (3M): 38.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: -55.43%
• EPS Growth: 55.17%
• Country: US
• Employees: 46
• Sector: Consumer Cyclical
• Sector Strength: 68
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -4.77
• Shares Outstanding: 1,157,137
• 10 Day Avg. Volume: 43,398
• 30 Day Avg. Volume: 38,793
• PEG Ratio: <0.01
• Price to Book (P/B): 2.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $11.00
• Price Target Upside: 86.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 44 Neutral
• Price Target: ―

Vision Marine Technologies has a low overall stock score due to significant financial struggles, including declining revenues and persistent losses. Technical indicators are mixed, suggesting cautious market momentum. Valuation concerns also weigh heavily, as reflected in the negative P/E ratio. The absence of earnings call or significant corporate events data provides no additional insights to offset these challenges.

Vision Marine Technologies Business Overview & Revenue Model

Company Description

Vision Marine Technologies Inc. designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally. It operates in two segments, Sale of Electric Boats and Rental of Electric Boats. The company offers outboard motors, boat parts, and related maintenance services. It also operates an electric boat rental center with a fleet of approximately 20 ships located in Newport beach, California. The company provides its products through its retail e-commerce website, as well as rental boating companies, distributors, and dealers. It serves original equipment manufacturers and end-consumers. The company was formerly known as The Canadian Electric Boat Company. The company was founded in 1995 and is headquartered in Boisbriand, Canada. Vision Marine Technologies Inc. operates as a subsidiary of West Island Brands Inc.

How the Company Makes Money

Vision Marine Technologies makes money through the sale of electric boats and powertrain systems. The company's revenue model includes direct sales of its products to consumers and businesses, as well as collaborations with other boat manufacturers who integrate Vision Marine's electric powertrains into their own vessels. Additionally, Vision Marine may generate income through strategic partnerships and licensing agreements that expand their technology's reach in the maritime industry. The company's focus on innovation and sustainability positions it to capitalize on the growing demand for eco-friendly boating solutions.

Vision Marine Technologies Financial Statement Overview

Summary

Vision Marine Technologies faces significant financial challenges, characterized by declining revenues, persistent losses, and negative cash flows. While leverage remains low, the company's profitability and cash generation capacity are concerns that need addressing for improved financial health.

Income Statement

Vision Marine Technologies has experienced a declining revenue trend from 2022 to TTM, with a negative revenue growth rate. The gross profit margin is moderate at 43.61%, but the company is suffering from substantial net losses, resulting in a negative net profit margin of -282.12% for TTM. Additionally, both EBIT and EBITDA margins are negative, indicating operational challenges.

Balance Sheet

The company maintains a relatively low debt-to-equity ratio of 0.03, reflecting modest leverage. However, the equity ratio has been declining, currently at 83.95% for TTM, suggesting a decreasing buffer against liabilities. The return on equity is negative due to persistent losses, posing concerns about shareholder value generation.

Cash Flow

Vision Marine Technologies exhibits negative operating and free cash flows, with no growth in free cash flow. The company’s operating cash flow to net income ratio is less than ideal, indicating insufficient cash generation from operations relative to net losses.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	3.79M	5.65M	7.35M	3.51M	2.42M
Gross Profit	1.50M	1.54M	3.29M	1.60M	604.39K
EBITDA	-13.04M	-19.96M	-11.71M	-12.88M	-1.98M
Net Income	-14.06M	-20.88M	-13.11M	-15.11M	-2.28M
Balance Sheet
Total Assets	11.42M	24.05M	29.10M	38.80M	3.63M
Cash, Cash Equivalents and Short-Term Investments	63.13K	3.36M	5.82M	18.15M	1.30M
Total Debt	718.43K	3.10M	2.64M	3.03M	1.25M
Total Liabilities	8.40M	12.48M	5.07M	5.28M	2.84M
Stockholders Equity	3.02M	11.56M	24.03M	33.53M	791.91K
Cash Flow
Free Cash Flow	-12.24M	-14.95M	-12.20M	-9.32M	-512.62K
Operating Cash Flow	-11.64M	-14.01M	-11.00M	-8.25M	-434.66K
Investing Cash Flow	615.61K	-537.02K	-964.50K	-9.47M	-37.66K
Financing Cash Flow	7.73M	12.08M	-361.78K	34.57M	1.73M

Vision Marine Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.91
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VMAR, the sentiment is Negative. The current price of 5.91 is below the 20-day moving average (MA) of 7.08, below the 50-day MA of 7.14, and below the 200-day MA of 15.87, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 37.36 is Neutral, neither overbought nor oversold. The STOCH value of 8.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VMAR.

Vision Marine Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MCFT	71 Outperform	$335.92M	―	-1.50%	―	-41.66%	-123.04%
Sector *	62 Neutral	$16.91B	10.88	-7.01%	2.97%	1.73%	-25.16%
MBUU	59 Neutral	$658.25M	―	-1.68%	―	-27.18%	84.33%
ONEW	57 Neutral	$249.59M	―	-1.88%	―	-6.22%	91.93%
EZGO	48 Neutral	$1.94M	―	-7.28%	―	-1.08%	97.76%
VEEE	46 Neutral	$5.26M	―	-54.97%	―	-57.48%	-27.43%
VMAR	44 Neutral	$6.84M	―	-152.23%	―	-55.43%	55.17%