BLX:CA:TSX-Boralex Inc (CAD)

COMMON STOCK | Utilities—Renewable | TSX

Last Closing Price

CAD 37.11

Change

+0.79 (+2.18)%

Market Cap

CAD 3.72B

Volume

0.25M

Average Target Price

CAD 36.09 (-2.75%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2019, the company had interests in 85 wind power stations with an installed capacity of 1,795 megawatts (MW); 16 hydroelectric power stations with a capacity of 182 MW; two thermal power stations with an installed capacity of 47 MW; and three solar power stations with an installed capacity of 16 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

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2020-09-28 )

Largest Industry Peers for Utilities—Renewable

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
BEPC:CA Brookfield Renewable Corporati..

+2.28 (+3.17%)

CAD17.36B 77.57 26.68
BEP-UN:CA Brookfield Renewable Partners ..

+1.78 (+2.75%)

CAD11.86B 153.53 16.13
AQN:CA Algonquin Power & Utilities Co..

+0.21 (+1.10%)

CAD11.26B 14.48 16.67
NPI:CA Northland Power Inc

-0.18 (-0.45%)

CAD8.00B 20.40 10.51
RNW:CA TransAlta Renewables Inc

+0.11 (+0.67%)

CAD4.37B 41.10 16.18
INE:CA Innergex Renewable Energy Inc

+0.05 (+0.21%)

CAD4.09B 272.25 17.93
CSE-PA:CA Capstone Infrastructure Corpor..

-0.10 (-0.98%)

CAD3.11B N/A N/A
INE-PA:CA Innergex Renewable Energy Inc

N/A

CAD1.81B 73.25 N/A
PIF:CA Polaris Infrastructure Inc

-0.07 (-0.51%)

CAD0.22B 7.52 6.56
ETX:CA Etrion Corporation

+0.03 (+12.24%)

CAD0.08B 2.40 39.89

ETFs Containing BLX:CA

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

+0.34 (+2.86%)

CAD0.03B
WXM:CA CI First Asset Morningsta.. 0.00 % 0.60 %

+0.16 (+0.80%)

CAD0.83B
ZUT:CA BMO Equal Weight Utilitie.. 0.00 % 0.55 %

+0.23 (+1.03%)

CAD0.35B

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 51.72% 100% A+ 93% A
Dividend Return 1.35% 22% F 50% F
Total Return 53.07% 100% A+ 93% A
Trailing 12 Months  
Capital Gain 63.99% 100% A+ 93% A
Dividend Return 1.46% 13% F 46% F
Total Return 65.44% 100% A+ 93% A
Trailing 5 Years  
Capital Gain 191.06% 100% A+ 92% A-
Dividend Return 21.45% 17% F 70% C-
Total Return 212.51% 100% A+ 92% A-
Average Annual (5 Year Horizon)  
Capital Gain 17.42% N/A N/A 88% B+
Dividend Return 2.94% N/A N/A 73% C
Total Return 20.36% N/A N/A 89% B+
Risk Return Profile  
Volatility (Standard Deviation) 25.94% N/A N/A 32% F
Risk Adjusted Return 78.49% N/A N/A 84% B
Market Capitalization 3.72B 50% F 87% 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%

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 58.50 45% F 10% F
Price/Book Ratio 4.54 22% F 17% F
Price / Cash Flow Ratio 12.67 58% F 20% F
EV/EBITDA 16.89 40% F 30% F
Management Effectiveness  
Return on Equity -2.57% 33% F 45% F
Return on Invested Capital 2.31% 25% F 44% F
Return on Assets 2.37% 50% F 62% D-
Debt to Equity Ratio 336.63% 36% F 6% F
Technical Ratios  
Short Ratio 3.81 40% F 26% F
Short Percent N/A N/A N/A N/A N/A
Beta 0.73 27% F 75% C
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:
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 Revenue Growth

This stock has shown top quartile revenue 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.

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.

Poor return on assets

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

Higly 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.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector