VMAR (Vision Marine Technologies) Intrinsic Value: DCF (FCF Based): $3,479.77 (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

VMAR Vision Marine Technologies Inc VMAR
13 GF Score
Price $0.69
! 3 Warning Signs
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What is Vision Marine Technologies Intrinsic Value: DCF (FCF Based)?

Vision Marine Technologies VMAR +5.31% 13 Intrinsic Value: DCF (FCF Based) is $3,479.77 as of Aug. 20, 2026. GuruFocus rates VMAR with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 144 Vehicles & Parts companies, Vision Marine Technologies ranks worse than 694443.75% on this metric.

As of today (2026-08-20), Vision Marine Technologies's intrinsic value calculated from the Discounted Cash Flow model is $3,479.77.

Note: Discounted Cash Flow model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's predictability rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

Vision Marine Technologies's Predictability Rank is Not Rated. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety (FCF Based) using Discounted Cash Flow model for Vision Marine Technologies is 99.98%.

The industry rank for Vision Marine Technologies's Intrinsic Value: DCF (FCF Based) or its related term are showing as below:

VMAR's Price-to-DCF (FCF Based) is not ranked *
in the Vehicles & Parts industry.
Industry Median: 1.065
* Ranked among companies with meaningful Price-to-DCF (FCF Based) only.

Vision Marine Technologies  (NAS:VMAR) Intrinsic Value: DCF (FCF Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Cash Flow model evaluates the companies based on their future earnings power instead of their assets.


Be Aware

What you need to know about the DCF model:

1. The DCF model evaluates a company based on its future earnings power
2. Growth is taken into account; therefore a faster growth company is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies that have relatively consistent performance.
4. The DCF model works poorly for inconsistent performers such as cyclicals.
5. What discount rate should you use? Your expected return from the investment is a good discount rate assumption.
6. A larger margin of safety should be required for companies with less predictable businesses.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Vision Marine Technologies Intrinsic Value: DCF (FCF Based) Related Terms


Vision Marine Technologies Intrinsic Value: DCF (FCF Based) Historical Data

* Premium members only.

The historical data trend for Vision Marine Technologies's Intrinsic Value: DCF (FCF Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vision Marine Technologies Intrinsic Value: DCF (FCF Based) Chart

Vision Marine Technologies Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Intrinsic Value: DCF (FCF Based)
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Vision Marine Technologies Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Intrinsic Value: DCF (FCF Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

VMAR vs EZGO, VEEE, MCOM: Intrinsic Value: DCF (FCF Based) Comparison

For the Recreational Vehicles subindustry, Vision Marine Technologies's Price-to-DCF (FCF Based), along with its competitors' market caps and Price-to-DCF (FCF Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vision Marine Technologies Price-to-DCF (FCF Based) vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Price-to-DCF (FCF Based) distribution charts can be found below:

* The bar in red indicates where Vision Marine Technologies's Price-to-DCF (FCF Based) falls into.


VMAR
13GF Score
Vision Marine Technologies Inc VMAR
Intrinsic Value: DCF (FCF Based) is just one metric. See GF Score™, valuation, warning signs, and more.
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Vision Marine Technologies Intrinsic Value: DCF (FCF Based) Calculation

This is the intrinsic value calculated from the Discounted Cash Flow model with default parameters. In a discounted cash flow model, the future cash flow is estimated based on a cash flow growth rate and a discount rate. The cash flow of the future is discounted to its current value at the discount rate. All of the discounted future cash flow is added together to get the current intrinsic value of the company.

Usually a two-stage model is used when calculating a stock's intrinsic value using a discounted cash flow model. The first stage is called the growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DCF calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 10%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 3.42%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Growth Rate in the growth stage: g1 = 5%
The Growth Rate in the growth stage is initially set as the default 10-Year FCF Growth Rate (Per Share). In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year FCF Growth Rate (Per Share). If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year FCF Growth Rate (Per Share).
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> Vision Marine Technologies's average Free Cash Flow Growth Rate in the past 3 years was 0.00%, which is less than 5%. GuruFocus defaults => Growth Rate: 5%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Years of Terminal Growth: y2 = 10

6. Free Cash Flow per Share: fcf = $278.716.
However, GuruFocus DCF calculator is actually a Discounted Earnings calculator, the EPS without NRI is used as the default. The reason we are doing this is we found that historically stock prices are more correlated with earnings than free cash flow.

All of the default settings can be changed and the results are calculated automatically.

Vision Marine Technologies's Intrinsic Value: DCF (FCF Based) for today is calculated as

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.05)/(1+0.1) = 0.95454545454545
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.1) = 0.94545454545455

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Free Cash Flow per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=278.716*12.485
=3,479.77

Margin of Safety (FCF Based)=(Intrinsic Value: DCF (FCF Based)-Current Price)/Intrinsic Value: DCF (FCF Based)
=(3479.77-0.6881)/3479.77
=99.98 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (FCF Based) of $3,479.77 mean?
Vision Marine Technologies (VMAR) has a Intrinsic Value: DCF (FCF Based) of $3,479.77 as of Aug. 20, 2026. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on Vision Marine Technologies and its competitors. According to the industry distribution chart, Vision Marine Technologies ranks #999999 out of 144 companies in the Vehicles & Parts industry.
Is Vision Marine Technologies' Intrinsic Value: DCF (FCF Based) too high?
Vision Marine Technologies' current Intrinsic Value: DCF (FCF Based) is $3,479.77. The Vehicles & Parts industry median Intrinsic Value: DCF (FCF Based) is 1.07. Vision Marine Technologies' value of $3,479.77 is 326639% above this industry median. Based on the distribution chart, Vision Marine Technologies ranks #999999 out of 144 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Vision Marine Technologies has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Vision Marine Technologies' Intrinsic Value: DCF (FCF Based) compare to EZGO and VEEE?
According to the Vehicles & Parts industry distribution chart, Vision Marine Technologies ranks #999999 out of 144 companies for Intrinsic Value: DCF (FCF Based). This places Vision Marine Technologies in the lower half of its industry. The industry median Intrinsic Value: DCF (FCF Based) is 1.07. Vision Marine Technologies' value of $3,479.77 is 326639% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (FCF Based) for a Vehicles & Parts company?
The median Intrinsic Value: DCF (FCF Based) among Vehicles & Parts companies is 1.07, based on 144 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (FCF Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (FCF Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vision Marine Technologies's current Intrinsic Value: DCF (FCF Based) of $3,479.77 is 326639% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (FCF Based) mean?
A high Intrinsic Value: DCF (FCF Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on Vision Marine Technologies and its competitors. For the Vehicles & Parts industry, the median Intrinsic Value: DCF (FCF Based) is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vision Marine Technologies's current Intrinsic Value: DCF (FCF Based) is $3,479.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vision Marine Technologies stock overvalued right now?
Vision Marine Technologies (VMAR) has a current Intrinsic Value: DCF (FCF Based) of $3,479.77. The current Intrinsic Value: DCF (FCF Based) is $3,479.77 and 326639% above the Vehicles & Parts industry median of 1.07. Vision Marine Technologies' overall GF Score™ is 13/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (FCF Based) calculated?
Intrinsic Value: DCF (FCF Based) is calculated from a company's financial statements. For Vision Marine Technologies (VMAR), the current Intrinsic Value: DCF (FCF Based) is $3,479.77 as of Aug. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vision Marine Technologies Business Description

Other Exchanges VMAR:Canada
Address 730 Boulevard du Cure-Boivin, Boisbriand, QC, CAN, J7G 2A7
Vision Marine Technologies Inc designs and manufactures electric outboard powertrain systems, power boats, related technology, and rents electric boats. Its models include Bruce 22, Fantail 217, VX Electric Pontoon, Volt 180, Phantom, and others. The company provides goods and services for the recreational boating market and focuses on electric outboard powertrain systems, electric power boats, and the renting of electric boats through its subsidiary. It sells boats, parts, and accessories and offers services related to recreational boating, including boats with internal combustion engines and electric propulsion. The company operates in two reportable segments, the sale of electric boats and the rental of electric boats, and generates a substantial portion of its revenue from the USA.
13GF Score

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Intrinsic Value: DCF (FCF Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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