BLX:CA:TSX-Boralex Inc (CAD)

COMMON STOCK | Utilities-Renewable | TSX

Last Closing Price

CAD 43.56

Change

0.00 (0.00)%

Market Cap

CAD 4.47B

Volume

0.01B

Average Target Price

CAD 48.56 (+11.48%)
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. √Čnergie Inc. Boralex Inc. was founded in 1982 and is headquartered in Kingsey Falls, Canada.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-04-18 )

Largest Industry Peers for Utilities-Renewable

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

N/A

CAD16.65B N/A N/A
BEP-PK:CA Brookfield Renewable Partners ..

N/A

CAD16.19B N/A N/A
BEP-PM:CA Brookfield Renewable Partners ..

N/A

CAD16.13B N/A N/A
BEP-PG:CA Brookfield Renewable Partners ..

N/A

CAD15.17B N/A N/A
BEP-UN:CA Brookfield Renewable Partners ..

N/A

CAD14.77B 153.53 17.42
BEP-PO:CA Brookfield Renewable Partners ..

N/A

CAD14.57B N/A N/A
BEP-PI:CA Brookfield Renewable Partners ..

N/A

CAD14.15B N/A N/A
AQN:CA Algonquin Power & Utilities Co..

N/A

CAD12.07B 11.73 14.02
BEPC:CA Brookfield Renewable Corporati..

N/A

CAD10.03B 98.68 318.10
NPI:CA Northland Power Inc

N/A

CAD8.83B 24.94 10.81

ETFs Containing BLX:CA

Symbol Name Weight Mer Price(Change) Market Cap
FAI:CA CI First Asset Active Uti.. 0.00 % 0.65 %

N/A

CAD0.03B
XUT:CA iShares S&P/TSX Cappe.. 0.00 % 0.55 %

N/A

CAD0.25B
ZUT:CA BMO Equal Weight Utilitie.. 0.00 % 0.55 %

N/A

CAD0.45B

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 -7.79% 33% F 9% F
Dividend Return 0.35% 14% F 19% F
Total Return -7.44% 33% F 11% F
Trailing 12 Months  
Capital Gain 54.96% 82% B- 68% D+
Dividend Return 2.35% 22% F 42% F
Total Return 57.31% 82% B- 67% D+
Trailing 5 Years  
Capital Gain 167.73% 100% A+ 90% A-
Dividend Return 17.24% 17% F 61% D-
Total Return 184.97% 100% A+ 90% A-
Average Annual (5 Year Horizon)  
Capital Gain 22.81% 100% A+ 90% A-
Dividend Return 2.66% 33% F 72% C-
Total Return 25.48% 100% A+ 90% A-
Risk Return Profile  
Volatility (Standard Deviation) 32.24% 36% F 27% F
Risk Adjusted Return 79.03% 64% D 85% B
Market Capitalization 4.47B 33% F 81% 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 79.20 36% F 9% F
Price/Book Ratio 4.45 40% F 22% F
Price / Cash Flow Ratio 12.35 44% F 23% F
EV/EBITDA 19.27 30% F 30% F
Management Effectiveness  
Return on Equity 6.54% 78% C+ 58% F
Return on Invested Capital 4.13% 17% F 55% F
Return on Assets 2.24% 89% B+ 59% F
Debt to Equity Ratio 332.36% 50% F 6% F
Technical Ratios  
Short Ratio 2.71 56% F 29% F
Short Percent N/A N/A N/A N/A N/A
Beta 0.59 65% 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 Rating

Target Price Action Rating Action Analyst Rating Price Date

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.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

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.

Overpriced on cashflow basis

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

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.