Company Valuation: Polaris Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,670 5,854 5,352 3,213 3,558 3,056 - -
Change - -12.23% -8.57% -39.96% 10.71% -14.09% - -
Enterprise Value (EV) 1 8,398 7,587 6,893 4,998 4,959 4,514 4,516 4,503
Change - -9.65% -9.15% -27.49% -0.78% -8.98% 0.05% -0.3%
P/E 13.9x 13.6x 10.9x 29.5x -7.73x 27.4x 17.5x 13.2x
PBR 5.5x 5.45x 3.82x 2.52x 4.34x 3.66x 3.44x 3.12x
PEG - -2.44x 0.6x -0.4x 0x -0x 0.3x 0.4x
Capitalization / Revenue 0.81x 0.68x 0.6x 0.45x 0.5x 0.41x 0.4x 0.38x
EV / Revenue 1.02x 0.88x 0.77x 0.7x 0.69x 0.61x 0.59x 0.56x
EV / EBITDA 8.29x 7.05x 6.75x 7.87x 12.1x 7.32x 6.85x 6.29x
EV / EBIT 11.8x 9.43x 9.83x 17.2x -14.2x 18.3x 12.5x 11x
EV / FCF -1,826x 37.6x 13.4x 769x 8.89x 169x -92.5x -28.5x
FCF Yield -0.05% 2.66% 7.45% 0.13% 11.3% 0.59% -1.08% -3.51%
Dividend per Share 2 2.52 2.56 2.6 2.64 2.68 2.715 2.708 2.757
Rate of return 2.29% 2.53% 2.74% 4.58% 4.24% 5.05% 5.04% 5.13%
EPS 2 7.88 7.44 8.71 1.95 -8.18 1.963 3.074 4.058
Distribution rate 32% 34.4% 29.9% 135% -32.8% 138% 88.1% 67.9%
Net sales 1 8,198 8,589 8,934 7,175 7,143 7,438 7,688 7,970
EBITDA 1 1,013 1,076 1,021 635.4 410.2 616.5 659.5 715.3
EBIT 1 709 804.5 700.9 290.6 -348.7 247.1 361.9 410.2
Net income 1 493.9 447.1 502.8 110.8 -465.5 111.3 184.6 239.3
Net Debt 1 1,728 1,733 1,541 1,785 1,402 1,458 1,460 1,446
Reference price 2 109.91 101.00 94.77 57.62 63.25 53.71 53.71 53.71
Nbr of stocks (in thousands) 60,682 57,959 56,473 55,770 56,248 56,904 - -
Announcement Date 25/01/22 31/01/23 30/01/24 28/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.37x0.61x7.32x5.05% 3.06B
352.2x13.53x98.94x-.--% 1,464B
9.15x1.23x11.14x3.57% 214B
15.06x0.81x5.56x1.64% 102B
34.87x8.81x22.44x1.11% 74.41B
7.33x0.33x2.65x0.92% 68.68B
8.3x1.23x13.94x3.16% 59.8B
11.77x0.27x3.37x4.98% 48.25B
22.34x1.3x7.3x2.42% 44.09B
10.71x0.66x9.06x4.28% 41.08B
Average 49.91x 2.88x 18.17x 2.71% 211.88B
Weighted average by Cap. 247.63x 9.91x 71.42x 0.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Polaris Inc.