Brunswick Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $380M normalized (mid-cycle) FCF base; 6% growth yrs 1-5; 3% growth yrs 6-10; 10% discount rate; 2.5% terminal growth; -$2,000M net debt (total debt $2.29B, cash $289M); 64.80M shares outstanding.

Reasoning: Brunswick is a cyclical marine OEM/aftermarket leader currently near a cyclical trough (TTM net loss of -$86M from restructuring/downturn), so FCF is normalized to a mid-cycle level with above-market near-term growth assumptions reflecting an expected recovery in boat demand and aftermarket/parts strength cited in recent earnings calls.