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 3,954 - -
Change - -12.23% -8.57% -39.96% 10.71% 11.15% - -
Enterprise Value (EV) 1 8,398 7,587 6,893 4,998 4,959 5,418 5,471 5,451
Change - -9.65% -9.15% -27.49% -0.78% 9.24% 0.98% -0.37%
P/E 13.9x 13.6x 10.9x 29.5x -7.73x 36x 22.6x 15.4x
PBR 5.5x 5.45x 3.82x 2.52x 4.34x 4.74x 4.46x 4.04x
PEG - -2.44x 0.6x -0.4x 0x -0x 0.4x 0.3x
Capitalization / Revenue 0.81x 0.68x 0.6x 0.45x 0.5x 0.53x 0.51x 0.5x
EV / Revenue 1.02x 0.88x 0.77x 0.7x 0.69x 0.73x 0.71x 0.69x
EV / EBITDA 8.29x 7.05x 6.75x 7.87x 12.1x 8.79x 8.3x 7.52x
EV / EBIT 11.8x 9.43x 9.83x 17.2x -14.2x 22.2x 15.1x 12.3x
EV / FCF -1,826x 37.6x 13.4x 769x 8.89x 202x -112x -34.5x
FCF Yield -0.05% 2.66% 7.45% 0.13% 11.3% 0.49% -0.89% -2.9%
Dividend per Share 2 2.52 2.56 2.6 2.64 2.68 2.705 2.708 2.761
Rate of return 2.29% 2.53% 2.74% 4.58% 4.24% 3.89% 3.9% 3.97%
EPS 2 7.88 7.44 8.71 1.95 -8.18 1.93 3.069 4.524
Distribution rate 32% 34.4% 29.9% 135% -32.8% 140% 88.2% 61%
Net sales 1 8,198 8,589 8,934 7,175 7,143 7,439 7,680 7,918
EBITDA 1 1,013 1,076 1,021 635.4 410.2 616.4 659.5 725
EBIT 1 709 804.5 700.9 290.6 -348.7 244 362.6 443.2
Net income 1 493.9 447.1 502.8 110.8 -465.5 109.4 184.2 259.4
Net Debt 1 1,728 1,733 1,541 1,785 1,402 1,463 1,516 1,496
Reference price 2 109.91 101.00 94.77 57.62 63.25 69.49 69.49 69.49
Nbr of stocks (in thousands) 60,682 57,959 56,473 55,770 56,248 56,904 - -
Announcement Date 1/25/22 1/31/23 1/30/24 1/28/25 1/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.01x0.73x8.79x3.89% 3.95B
10.04x1.2x10.92x3.39% 225B
8.07x0.38x3.05x0.83% 76.14B
10.82x1.35x15x2.49% 73.88B
18x0.32x4.12x4.19% 57.3B
8.59x0.11x1.06x6.77% 49.29B
23.87x1.33x7.37x2.37% 46.85B
4.11x0x0.02x7.31% 43.24B
8.85x-0.07x-0.59x4.14% 41.19B
12.47x0.62x8.59x4.28% 40.56B
Average 14.08x 0.60x 5.83x 3.97% 65.71B
Weighted average by Cap. 11.31x 0.77x 7.29x 3.6%

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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