Vision Marine Technologies Inc. Common Shares (VMAR)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Vision Marine and see a nano-cap electric boat and powertrain company. At the close on 2026-10-13, the whole market value was $2.1 million, with shares at $5.82. The FairStock numbers show a price-to-book of 0.17, a return on equity of -269.98%, a return on capital employed of -27.67%, and debt-to-equity of 3.55. Those are not the marks of a durable franchise. The company has a story—electric boats and e-motion powertrains—but a story is not a moat. I see no evidence in the provided figures of pricing power, recurring revenue, or switching costs. The 52-week range of $0.33 to $66.80 signals extreme speculation and volatility. The provided growth data are enormous, but without a named fiscal period and with only zero years of filed results, I treat them as a tiny-base artifact, not a proven trend. The profitability data are negative, and the deeply negative bottom-line result tells me the business is still consuming capital. The balance sheet looks leveraged at D/E 3.55, and with ROE and ROCE deeply negative, book value may be eroding. A 0.17 P/B might attract a Graham-style asset hunter, but Graham also demanded financial strength and stable earnings. Here, the book value is likely not a margin of safety if losses continue. The FairStock score of 60/100 is middling at best. The Lynch category is none because there are zero years of filed results and three are needed. I would need to see several years of audited financials, positive cash flow, and a competitive advantage before this could be called a value investment. At present, it is a speculative venture, not a value proposition.

In plain English: Vision Marine designs electric boats and electric outboard powertrains. The business looks weak: it is losing money and carries a lot of debt relative to its equity. The stock price looks low compared with its stated accounting value, but because the company is unprofitable, that cheapness may not be real.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer