Brunswick Corp (BC) is overvalued and LCI Industries (LCII) is undervalued.
Against our estimates of intrinsic value, LCII trades at the wider discount: a margin of safety of +35%, against -173% for BC.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.2% (average of 2 methods) values the shares at $24.36; the price of $66.59 is 173% above that value, and 75% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $134.53; the price of $87.92 is 35% below that value, and 77% of that value comes from beyond year five.
Leak Score 68/100 on 3 of 12 signals
| Metric | BC | LCII |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $66.59 | $87.92 |
| Intrinsic value | $24.36 | $134.53 |
| Margin of safety | -173% | +35% |
| Leak Score | 0/100 (2/12) | 68/100 (3/12) |
| Market cap | $4.3B | $2.1B |
| Revenue growth, 5 years | 4.3% | 8.1% |
| Operating margin | 5.9% | 7.5% |
| Net margin | -1.5% | 5.2% |
| Return on equity | -4.8% | 15.0% |
| Debt to equity | 1.36 | 0.80 |
| P/E | — | 10.2x |
| Forward P/E | 12.3x | 9.2x |
| P/B | 2.6x | 1.5x |
| Dividend yield | 2.6% | 5.2% |