BLX:TSX-Boralex Inc (CAD)

COMMON STOCK | Utilities-Renewable | TSX

Last Closing Price

CAD 39.95

Change

+0.55 (+1.40)%

Market Cap

CAD 4.10B

Volume

0.34M

Avg Analyst Target

CAD 46.03 (+15.23%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


Boralex Inc (BLX) Stock Analysis:
Based on the Boralex Inc stock forecasts from 10 analysts, the average analyst target price for Boralex Inc is CAD 46.03 over the next 12 months. Boralex Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Boralex Inc is Slightly Bearish, which is based on 4 positive signals and 8 negative signals. At the last closing, Boralex Inc’s stock price was CAD 39.95. Boralex Inc’s stock price has changed by +5.35% over the past week, +0.99% over the past month and +7.42% over the last year.

About

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an inst ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-05-19 )

Largest Industry Peers for Utilities-Renewable

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

+0.71 (+1.59%)

CAD28.78B 153.53 15.33
BEP-PE:CA Brookfield Renewable Partners ..

N/A

CAD16.94B N/A N/A
BEP-PG:CA Brookfield Renewable Partners ..

+0.17 (+0.66%)

CAD15.05B N/A N/A
BEP-PO:CA Brookfield Renewable Partners ..

+0.01 (+0.04%)

CAD14.39B N/A N/A
BEP-PI:CA Brookfield Renewable Partners ..

N/A

CAD14.00B N/A N/A
AQN:CA Algonquin Power & Utilities Co..

+0.11 (+0.60%)

CAD12.40B 27.78 24.99
NPI:CA Northland Power Inc

+0.30 (+0.78%)

CAD8.93B 47.22 10.03
BEPC:CA Brookfield Renewable Corporati..

+0.91 (+1.99%)

CAD7.88B 13.47 10.98
CSE-PA:CA Capstone Infrastructure Corpor..

N/A

CAD4.87B 727.27 N/A
RNW:CA TransAlta Renewables Inc

+0.05 (+0.29%)

CAD4.68B 36.29 15.97

ETFs Containing BLX:CA

Symbol Name Weight Mer Price(Change) Market Cap

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 15.20% 92% A- 93% A
Dividend Return 0.48% 10% F 22% F
Total Return 15.67% 92% A- 93% A
Trailing 12 Months  
Capital Gain 7.54% 93% A 84% B
Dividend Return 1.78% 10% F 31% F
Total Return 9.31% 93% A 84% B
Trailing 5 Years  
Capital Gain 83.43% 100% A+ 86% B
Dividend Return 13.29% 14% F 60% D-
Total Return 96.72% 100% A+ 86% B
Average Annual (5 Year Horizon)  
Capital Gain 18.45% 100% A+ 84% B
Dividend Return 2.31% 33% F 61% D-
Total Return 20.76% 93% A 84% B
Risk Return Profile  
Volatility (Standard Deviation) 35.52% 7% F 24% F
Risk Adjusted Return 58.44% 50% F 70% C-
Market Capitalization 4.10B 43% 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 133.61 42% F 5% F
Price/Book Ratio 3.91 10% F 15% F
Price / Cash Flow Ratio 11.89 64% D 23% F
EV/EBITDA 16.70 50% F 25% F
Management Effectiveness  
Return on Equity 3.28% 71% C- 36% F
Return on Invested Capital 3.60% 57% F 47% F
Return on Assets 2.11% 71% C- 46% F
Debt to Equity Ratio 337.96% 38% F 4% F
Technical Ratios  
Dividend Yield 1.68% 8% F 20% F
Short Ratio 3.22 57% F 36% F
Short Percent 1.41% 50% F 55% F
Beta 0.59 62% D- 85% 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

Discussions

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.

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.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

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.

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.