ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) Stock Fundamental Analysis
TSX:AQN-PR-A - Toronto Stock Exchange - CA0158573034 - Currency: CAD
AQN-PR-A gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 21 industry peers in the Multi-Utilities industry. Both the profitability and financial health of AQN-PR-A have multiple concerns. AQN-PR-A has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
AQN-PR-A had positive earnings in the past year.
AQN-PR-A had a positive operating cash flow in the past year.
In multiple years AQN-PR-A reported negative net income over the last 5 years.
Each year in the past 5 years AQN-PR-A had a positive operating cash flow.
1.2 Ratios
AQN-PR-A's Return On Assets of -9.49% is on the low side compared to the rest of the industry. AQN-PR-A is outperformed by 85.71% of its industry peers.
With a Return On Equity value of -27.63%, AQN-PR-A is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
The Return On Invested Capital of AQN-PR-A (3.58%) is comparable to the rest of the industry.
AQN-PR-A had an Average Return On Invested Capital over the past 3 years of 2.15%. This is in line with the industry average of 3.77%.
The last Return On Invested Capital (3.58%) for AQN-PR-A is above the 3 year average (2.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.49% | ||
| ROE | -27.63% | ||
| ROIC | 3.58% |
ROA(3y)-3.11%
ROA(5y)-0.39%
ROE(3y)-11.12%
ROE(5y)-2.83%
ROIC(3y)2.15%
ROIC(5y)2.11%
1.3 Margins
AQN-PR-A has a worse Operating Margin (21.00%) than 85.71% of its industry peers.
AQN-PR-A's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 73.47%, AQN-PR-A is doing worse than 66.67% of the companies in the same industry.
In the last couple of years the Gross Margin of AQN-PR-A has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21% | ||
| PM (TTM) | N/A | ||
| GM | 73.47% |
OM growth 3Y3.93%
OM growth 5Y-3.09%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.98%
GM growth 5Y0.16%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AQN-PR-A is destroying value.
The number of shares outstanding for AQN-PR-A has been increased compared to 1 year ago.
Compared to 5 years ago, AQN-PR-A has more shares outstanding
The debt/assets ratio for AQN-PR-A has been reduced compared to a year ago.
2.2 Solvency
AQN-PR-A has an Altman-Z score of 1.00. This is a bad value and indicates that AQN-PR-A is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.00, AQN-PR-A belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
A Debt/Equity ratio of 1.28 is on the high side and indicates that AQN-PR-A has dependencies on debt financing.
AQN-PR-A's Debt to Equity ratio of 1.28 is amongst the best of the industry. AQN-PR-A outperforms 95.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1 |
ROIC/WACC0.51
WACC6.96%
2.3 Liquidity
AQN-PR-A has a Current Ratio of 1.16. This is a normal value and indicates that AQN-PR-A is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.16, AQN-PR-A perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
A Quick Ratio of 0.97 indicates that AQN-PR-A may have some problems paying its short term obligations.
The Quick ratio of AQN-PR-A (0.97) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
AQN-PR-A shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.00%.
Measured over the past years, AQN-PR-A shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.38% on average per year.
The Revenue has decreased by -3.51% in the past year.
The Revenue has been growing slightly by 7.38% on average over the past years.
EPS 1Y (TTM)-36%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%-55.56%
Revenue 1Y (TTM)-3.51%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%-11.83%
3.2 Future
Based on estimates for the next years, AQN-PR-A will show a small growth in Earnings Per Share. The EPS will grow by 6.99% on average per year.
Based on estimates for the next years, AQN-PR-A will show a small growth in Revenue. The Revenue will grow by 2.30% on average per year.
EPS Next Y-20.16%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
EPS Next 5Y6.99%
Revenue Next Year-9.57%
Revenue Next 2Y-3.12%
Revenue Next 3Y-0.57%
Revenue Next 5Y2.3%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 55.55, the valuation of AQN-PR-A can be described as expensive.
66.67% of the companies in the same industry are cheaper than AQN-PR-A, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.86, AQN-PR-A is valued quite expensively.
Based on the Price/Forward Earnings ratio of 48.14, the valuation of AQN-PR-A can be described as expensive.
Based on the Price/Forward Earnings ratio, AQN-PR-A is valued a bit more expensive than the industry average as 76.19% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of AQN-PR-A to the average of the S&P500 Index (34.94), we can say AQN-PR-A is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.55 | ||
| Fwd PE | 48.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AQN-PR-A is valued more expensive than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.41 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
5. Dividend
5.1 Amount
AQN-PR-A has a Yearly Dividend Yield of 4.49%, which is a nice return.
With a Dividend Yield of 4.49, AQN-PR-A pays less dividend than the industry average, which is at 5.13. 80.95% of the companies listed in the same industry pay a better dividend than AQN-PR-A!
Compared to an average S&P500 Dividend Yield of 2.36, AQN-PR-A pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
5.2 History
The dividend of AQN-PR-A has a limited annual growth rate of 0.06%.
AQN-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
AQN-PR-A has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.06%
Div Incr Years1
Div Non Decr Years12
5.3 Sustainability
AQN-PR-A has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of AQN-PR-A is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-20.99%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP
TSX:AQN-PR-A (8/20/2025, 7:00:00 PM)
24.44
-0.06 (-0.24%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners72.96%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap18.77B
Analysts53.33
Price Target20.09 (-17.8%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
Yearly Dividend0.56
Dividend Growth(5Y)0.06%
DP-20.99%
Div Incr Years1
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.21%
Min EPS beat(2)-25.74%
Max EPS beat(2)42.17%
EPS beat(4)2
Avg EPS beat(4)3.68%
Min EPS beat(4)-25.74%
Max EPS beat(4)42.17%
EPS beat(8)3
Avg EPS beat(8)-2.73%
EPS beat(12)5
Avg EPS beat(12)-3.23%
EPS beat(16)6
Avg EPS beat(16)-2.32%
Revenue beat(2)1
Avg Revenue beat(2)0.35%
Min Revenue beat(2)-4.61%
Max Revenue beat(2)5.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.14%
Min Revenue beat(4)-5.17%
Max Revenue beat(4)5.31%
Revenue beat(8)3
Avg Revenue beat(8)-2.03%
Revenue beat(12)7
Avg Revenue beat(12)0.37%
Revenue beat(16)10
Avg Revenue beat(16)2.48%
PT rev (1m)0.65%
PT rev (3m)14.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.75%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.3%
Revenue NQ rev (3m)-0.32%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.55 | ||
| Fwd PE | 48.14 | ||
| P/S | 4.49 | ||
| P/FCF | N/A | ||
| P/OCF | 31.86 | ||
| P/B | 2.88 | ||
| P/tB | 4.09 | ||
| EV/EBITDA | 18.41 |
EPS(TTM)0.44
EY1.8%
EPS(NY)0.51
Fwd EY2.08%
FCF(TTM)-0.83
FCFYN/A
OCF(TTM)0.77
OCFY3.14%
SpS5.44
BVpS8.48
TBVpS5.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.49% | ||
| ROE | -27.63% | ||
| ROCE | 4.97% | ||
| ROIC | 3.58% | ||
| ROICexc | 3.6% | ||
| ROICexgc | 4.04% | ||
| OM | 21% | ||
| PM (TTM) | N/A | ||
| GM | 73.47% | ||
| FCFM | N/A |
ROA(3y)-3.11%
ROA(5y)-0.39%
ROE(3y)-11.12%
ROE(5y)-2.83%
ROIC(3y)2.15%
ROIC(5y)2.11%
ROICexc(3y)2.16%
ROICexc(5y)2.12%
ROICexgc(3y)2.37%
ROICexgc(5y)2.33%
ROCE(3y)2.99%
ROCE(5y)2.93%
ROICexcg growth 3Y4.3%
ROICexcg growth 5Y-5.03%
ROICexc growth 3Y4.14%
ROICexc growth 5Y-4.63%
OM growth 3Y3.93%
OM growth 5Y-3.09%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.98%
GM growth 5Y0.16%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.61 | ||
| Cap/Depr | 199.46% | ||
| Cap/Sales | 29.3% | ||
| Interest Coverage | 1.53 | ||
| Cash Conversion | 39.53% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.16 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 1 |
F-Score5
WACC6.96%
ROIC/WACC0.51
Cap/Depr(3y)213.94%
Cap/Depr(5y)245.17%
Cap/Sales(3y)39.89%
Cap/Sales(5y)45.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-36%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%-55.56%
EPS Next Y-20.16%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
EPS Next 5Y6.99%
Revenue 1Y (TTM)-3.51%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%-11.83%
Revenue Next Year-9.57%
Revenue Next 2Y-3.12%
Revenue Next 3Y-0.57%
Revenue Next 5Y2.3%
EBIT growth 1Y26.92%
EBIT growth 3Y4.45%
EBIT growth 5Y4.06%
EBIT Next Year44.64%
EBIT Next 3Y17.99%
EBIT Next 5YN/A
FCF growth 1Y-3.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.77%
OCF growth 3Y45.17%
OCF growth 5Y-4.65%