INE:CA:TSX-Innergex Renewable Energy Inc (CAD)

COMMON STOCK | Utilities-Renewable | TSX

Last Closing Price

CAD 21.05

Change

0.00 (0.00)%

Market Cap

CAD 4.06B

Volume

1.97M

Avg Analyst Target

CAD 25.46 (+20.97%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Generation, Wind Power Generation, and Solar Power Generation. As of February 25, 2021, it owned and operated 75 facilities with a net installed capacity of 2,742 megawatts, which included 37 hydroelectric facilities, 32 wind farms, and six solar farms; and had interests in 10 projects under development, as well as prospective projects at various stages of development. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada. Address: 1225 Saint-Charles Street West, Longueuil, QC, Canada, J4K 0B9

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-10-16 )

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

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

N/A

CAD16.81B N/A N/A
BEP-PK:CA Brookfield Renewable Partners ..

N/A

CAD16.50B N/A N/A
BEP-PG:CA Brookfield Renewable Partners ..

N/A

CAD15.41B N/A N/A
BEP-PO:CA Brookfield Renewable Partners ..

N/A

CAD15.25B N/A N/A
BEP-PI:CA Brookfield Renewable Partners ..

N/A

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

N/A

CAD12.95B 153.53 16.74
AQN:CA Algonquin Power & Utilities Co..

N/A

CAD11.52B 13.67 16.59
NPI:CA Northland Power Inc

N/A

CAD9.19B 48.55 11.41
BEPC:CA Brookfield Renewable Corporati..

N/A

CAD8.52B 98.68 318.10

ETFs Containing INE:CA

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

N/A

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 -23.09% 18% F 8% F
Dividend Return 1.97% 38% F 53% F
Total Return -21.12% 18% F 8% F
Trailing 12 Months  
Capital Gain -20.48% 9% F 9% F
Dividend Return 2.72% 44% F 51% F
Total Return -17.76% 9% F 9% F
Trailing 5 Years  
Capital Gain 45.17% 43% F 67% D+
Dividend Return 22.62% 57% F 81% B-
Total Return 67.79% 43% F 72% C-
Average Annual (5 Year Horizon)  
Capital Gain 14.72% 73% C 77% C+
Dividend Return 4.32% 78% C+ 88% B+
Total Return 19.05% 73% C 89% B+
Risk Return Profile  
Volatility (Standard Deviation) 22.31% 73% C 48% F
Risk Adjusted Return 85.36% 73% C 86% B
Market Capitalization 4.06B 35% 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 272.25 10% F 3% F
Price/Book Ratio 5.55 20% F 15% F
Price / Cash Flow Ratio 17.26 24% F 14% F
EV/EBITDA 35.86 22% F 12% F
Management Effectiveness  
Return on Equity -15.22% 13% F 17% F
Return on Invested Capital 4.31% 29% F 56% F
Return on Assets 2.35% 75% C 52% F
Debt to Equity Ratio 401.12% 30% F 6% F
Technical Ratios  
Short Ratio 10.30 18% F 12% F
Short Percent 4.32% 8% F 41% F
Beta 0.21 80% B- 95% A
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:
Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is 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.

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.

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.