Report
Jaime Katz
EUR 101.80 For Business Accounts Only

BRP Set to Take Share Again in 2018 Through Product Introductions; Shares Fairly Valued

Narrow-moat BRP continues to gain share in the key year-round product category (which includes off-road vehicles, or ORVs, and represents 40% of sales), clocking 12% sales growth versus flat industry growth in the North American market (around 70% of BRP’s revenue). The ongoing introduction of products into underexposed categories (with the launch of the Maverick Trail and X3 Max last year) continues to set BRP on a faster-than-industry growth trajectory, which should be sustained in 2018 with f...
Underlying
BRP Inc.

BRP is engaged in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Co's diversified portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft ("PWCs"), Can-Am all-terrain vehicles ("ATVs"), side-by-side vehicles ("SSVs") and Spyder roadsters, and propulsion systems composed of Evinrude outboard engines and Rotax engines for jet boats, karts, motorcycles and recreational aircraft. Additionally, Co. supports its line of products with a dedicated PAC business.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jaime Katz

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