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 3,666 - -
Change - -12.23% -8.57% -39.96% 10.71% 3.05% - -
Enterprise Value (EV) 1 8,398 7,587 6,893 4,998 4,959 5,130 5,183 5,163
Change - -9.65% -9.15% -27.49% -0.78% 3.44% 1.03% -0.39%
P/E 13.9x 13.6x 10.9x 29.5x -7.73x 33.4x 21x 14.2x
PBR 5.5x 5.45x 3.82x 2.52x 4.34x 4.39x 4.13x 3.74x
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 0.49x 0.48x 0.46x
EV / Revenue 1.02x 0.88x 0.77x 0.7x 0.69x 0.69x 0.67x 0.65x
EV / EBITDA 8.29x 7.05x 6.75x 7.87x 12.1x 8.32x 7.86x 7.12x
EV / EBIT 11.8x 9.43x 9.83x 17.2x -14.2x 21x 14.3x 11.6x
EV / FCF -1,826x 37.6x 13.4x 769x 8.89x 192x -106x -32.7x
FCF Yield -0.05% 2.66% 7.45% 0.13% 11.3% 0.52% -0.94% -3.06%
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% 4.2% 4.2% 4.28%
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 64.43 64.43 64.43
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.($)
33.38x0.69x8.32x4.2% 3.67B
9.95x1.22x11.08x3.35% 229B
8.07x0.37x3.06x0.83% 75.59B
9.98x1.31x14.54x2.7% 69.22B
17.53x0.31x4.01x4.31% 55.79B
8.36x0.1x0.97x6.96% 48.39B
23.96x1.34x7.4x2.36% 47.45B
4.15x0x0.03x7.24% 44B
12.54x0.64x8.78x4.07% 42.7B
8.63x-0.08x-0.65x4.32% 40.51B
Average 13.65x 0.59x 5.75x 4.03% 65.6B
Weighted average by Cap. 11.10x 0.78x 7.28x 3.64%

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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