BC

Brunswick Corp.

Industrial/Transportation


Presented:04/14/2021
Price:$102.51
Cap:$7.99B
Current Price:$83.36
Cap:$5.52B

Presented

Date04/14/2021
Price$102.51
Market Cap$7.99B
Ent Value$6.48B
P/E Ratio21.83x
Book Value$19.39
Div Yield1%
Shares O/S77.97M
Ave Daily Vol724,137
Short Int2.37%

Current

Price$83.36
Market Cap$5.52B
Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts & Accessories and Boat. The Propulsion segment manufactures and markets a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories. The Parts & Accessories segment manufactures markets, and supplies parts and accessories for both marine and non-marine markets. The Boat segment designs, manufactures and markets boat brands and products such as Sea Ray sport boats and cruisers; Bayliner sport cruisers, runabouts, and Heyday wake boats; Boston Whaler fiberglass offshore boats; Lund fiberglass fishing boats; Crestliner, Cypress Cay, Harris, Lowe, Lund, and Princecraft aluminum fishing, utility, pontoon boats, and deck boats; and Thunder Jet heavy-gauge aluminum boats. The company was founded by John Brunswick in 1845 and is headquartered in Mettawa, IL.

Publicly traded companies mentioned herein: Brunswick Corp (BC), Yamaha Motor Co Ltd (7272 JP)

Highlights

The presenter is long shares of Brunswick Corp (BC) a manufacturer of recreational marine engines and boats. Despite the company’s strong performance over the last year, he believes that 2021 won’t be peak earnings and BC can grow operating income MSD% in both 2022 and 2023. This is based on continued growth in the retail boat market, a massive channel inventory imbalance that favors OEMs, and BC’s improving competitive position. 

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Idea Discussion

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