Positioning no disclosures inside 60 days, left as found
Options put/call open interest 1.46, read 2026-10-24
Ethical does not pass the values gate
Price58.44 USD
Fair value78.48
Our investment reviews on this name
2026-10-25Read Distribution53.05+10.2% to today Markdown gives way to Distribution after a 7% slide in 2 weeks
2026-10-11Read Markdown56.84+2.8% to today Distribution gives way to Markdown with volume flow in agreement
2026-10-02Read Distribution56.84+2.8% to today Markup gives way to Distribution after a 17% slide in 5 weeks
2026-08-27Read Markup68.58-14.8% to today Accumulation gives way to Markup after a 13% rise in 8 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
BRP Inc. holds its Markup at $58.44. Consolidating, no directional conviction, held for 79 days.
As held on the ledger · 2026-10-26
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 79 days
Price at the screen
$58.44
Valuation
51.72 trailing · 14.90 forward price to earnings
Values screen
FAIL
Beta
1.10
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
62.62%
Below 33%
Interest-bearing debt is 62.6% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
9.98%
Below 33%
Cash held in interest-bearing accounts and securities is 10.0% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.13%
Below 5%
Only 0.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
BRP's business is in a permissible area, but its interest-bearing debt is about 63% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-10-28. It updates when the underlying figures move, and past reads are kept below.
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Today DOO does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Fair value range in USD, drawn from the 2026-10-26 screen. The gold marker is the market price at the same screen. A 34.3% margin of safety to the base estimate.
Third-party analyst targets: 4 covering, consensus Buy. The average target sits +21% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-26 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Outdoor gear maker weighed down by heavy debt
Picture a boater buying a new Sea-Doo on a sunny weekend. BRP turns that sale into revenue growing at 30 percent, yet the company keeps only a 3 percent profit margin and carries debt that already fails our ethical screen. High ROE of 52 percent looks impressive on paper, but the balance sheet tells a different story and rules the name out before valuation even enters the discussion.
The forward multiple sits at 18 times earnings with a moderate moat in powersports. Those figures might tempt buyers chasing cyclical growth, yet the debt load creates real fragility when interest rates stay higher for longer. Consumer spending on discretionary toys can slow quickly, and the current margin leaves little room to absorb a downturn.
We therefore pass on the name despite the apparent margin of safety to fair value. Analysis, not advice.
The risks · The things to watch: it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
DOO trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (4 analysts) rates it buy, with a mean price target of $77.
2026-10-18Markdown$53.05-6.7%Entry 8
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (4 analysts) rates it buy, with a mean price target of $77.
2026-10-11Markdown · changed$56.84+0.0%Entry 7
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (4 analysts) rates it buy, with a mean price target of $77.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 17.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (4 analysts) rates it buy, with a mean price target of $77. Since the last review it its composite score rose.
2026-08-27Markup · changed$68.58+11.8%Entry 5
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 11.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (4 analysts) rates it buy, with a mean price target of $77.
2026-07-26Accumulation$61.32+1.0%Entry 4
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 1.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (4 analysts) rates it buy, with a mean price target of $77.
2026-07-18Accumulation$60.70+0.0%Entry 3
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (4 analysts) rates it buy, with a mean price target of $77.
2026-07-03Accumulation$60.70+0.0%Entry 2
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Accumulation$60.70Entry 1
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
