BLX:CA:TSX-Boralex Inc (CAD)

COMMON STOCK | Utilities-Renewable | TSX

Last Closing Price

CAD 37.07

Change

-0.09 (-0.24)%

Market Cap

CAD 3.80B

Volume

0.29M

Avg Analyst Target

CAD 48.53 (+30.91%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2020, the company had interests in 88 wind power stations with an installed capacity of 2,002 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; two thermal power stations with an installed capacity of 47 MW; and 10 solar power stations with an installed capacity of 225 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Énergie Inc. Boralex Inc. was founded in 1982 and is headquartered in Kingsey Falls, Canada. Address: 36 Lajeunesse Street, Kingsey Falls, QC, Canada, J0A 1B0

Company Website : http://www.boralex.com

Address : 36 Lajeunesse Street, Kingsey Falls, QC, Canada, J0A 1B0

Employees : 500

Fiscal Year End : December

Currency: CAD

Country : Canada

Technical Indicators

Beta : 0.57

52 Week High : 55.98

Short Ratio : 3.99

52 Week Low : 33.62

Shorted Shares : 1,316,434

200 Day Moving Average : 38.25

Shorted Shares Previous Month : 1,361,900

50 Day Moving Average : 38.00

Shares Held By Insiders : 1.11%

Short Percentage : 1.00%

Shares Held by Institutions : 52.48%

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2021-10-27 )

Largest Industry Peers for Utilities-Renewable

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
BEP-PE:CA Brookfield Renewable Partners ..

+0.10 (+0.40%)

 CAD16.98B N/A N/A
BEP-PM:CA Brookfield Renewable Partners ..

+0.12 (+0.47%)

 CAD16.69B N/A N/A
BEP-PK:CA Brookfield Renewable Partners ..

+0.11 (+0.43%)

 CAD16.40B N/A N/A
BEP-PG:CA Brookfield Renewable Partners ..

-0.01 (-0.04%)

 CAD15.35B N/A N/A
BEP-PO:CA Brookfield Renewable Partners ..

+0.18 (+0.68%)

 CAD15.13B N/A N/A
BEP-PI:CA Brookfield Renewable Partners ..

N/A

 CAD14.00B N/A N/A
BEP-UN:CA Brookfield Renewable Partners ..

+0.85 (+1.81%)

 CAD13.17B 153.53 16.80
AQN:CA Algonquin Power & Utilities Co..

-0.80 (-4.30%)

 CAD11.03B 13.08 16.81
NPI:CA Northland Power Inc

-0.09 (-0.23%)

 CAD8.95B 47.25 11.76
BEPC:CA Brookfield Renewable Corporati..

+0.33 (+0.67%)

 CAD8.59B 98.68 318.10

ETFs Containing BLX:CA

Symbol Name Weight Mer Price(Change) Market Cap
FAI:CA CI Active Utility & Infra.. 0.00 % 0.94 %

-0.12 (-0.86%)

 CAD0.03B

Market Performance

  Market Performance vs.
Industry/Classification (Utilities-Renewable)		 Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -21.53% 27% F 9% F
Dividend Return 1.05% 13% F 26% F
Total Return -20.48% 27% F 9% F
Trailing 12 Months  
Capital Gain -3.71% 45% F 16% F
Dividend Return 1.71% 22% F 27% F
Total Return -2.00% 45% F 16% F
Trailing 5 Years  
Capital Gain 93.98% 100% A+ 82% B-
Dividend Return 14.94% 14% F 59% F
Total Return 108.92% 100% A+ 84% B
Average Annual (5 Year Horizon)  
Capital Gain 22.91% 100% A+ 86% B
Dividend Return 2.52% 11% F 63% D
Total Return 25.43% 100% A+ 87% B+
Risk Return Profile  
Volatility (Standard Deviation) 32.74% 18% F 32% F
Risk Adjusted Return 77.68% 64% D 82% B-
Market Capitalization 3.80B 29% F 80% B-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Utilities-Renewable)		 Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 94.09 40% F 7% F
Price/Book Ratio 3.81 50% F 23% F
Price / Cash Flow Ratio 10.51 65% D 33% F
EV/EBITDA 17.30 33% F 28% F
Management Effectiveness  
Return on Equity 5.16% 69% D+ 41% F
Return on Invested Capital 4.13% 24% F 55% F
Return on Assets 2.11% 69% D+ 48% F
Debt to Equity Ratio 332.36% 50% F 7% F
Technical Ratios  
Short Ratio 3.99 59% F 26% F
Short Percent 1.41% 42% F 55% F
Beta 0.57 67% D+ 84% B
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.