ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP (AQN-PR-D.CA) Stock Fundamental Analysis
TSX:AQN-PR-D - Toronto Stock Exchange - CA0158575013 - Currency: CAD
Overall AQN-PR-D gets a fundamental rating of 3 out of 10. We evaluated AQN-PR-D against 22 industry peers in the Multi-Utilities industry. Both the profitability and financial health of AQN-PR-D have multiple concerns. AQN-PR-D does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
AQN-PR-D had positive earnings in the past year.
AQN-PR-D had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AQN-PR-D reported negative net income in multiple years.
Each year in the past 5 years AQN-PR-D had a positive operating cash flow.
1.2 Ratios
AQN-PR-D has a Return On Assets of -9.49%. This is amonst the worse of the industry: AQN-PR-D underperforms 90.91% of its industry peers.
AQN-PR-D has a Return On Equity of -27.63%. This is amonst the worse of the industry: AQN-PR-D underperforms 90.91% of its industry peers.
AQN-PR-D has a Return On Invested Capital (3.58%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for AQN-PR-D is in line with the industry average of 3.69%.
The last Return On Invested Capital (3.58%) for AQN-PR-D 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-D has a Operating Margin of 21.00%. This is amonst the worse of the industry: AQN-PR-D underperforms 90.91% of its industry peers.
AQN-PR-D's Operating Margin has declined in the last couple of years.
The Gross Margin of AQN-PR-D (73.47%) is worse than 68.18% of its industry peers.
In the last couple of years the Gross Margin of AQN-PR-D 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AQN-PR-D is destroying value.
The number of shares outstanding for AQN-PR-D has been increased compared to 1 year ago.
The number of shares outstanding for AQN-PR-D has been increased compared to 5 years ago.
The debt/assets ratio for AQN-PR-D has been reduced compared to a year ago.
2.2 Solvency
AQN-PR-D has an Altman-Z score of 0.99. This is a bad value and indicates that AQN-PR-D is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.99, AQN-PR-D belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 1.28 is on the high side and indicates that AQN-PR-D has dependencies on debt financing.
With an excellent Debt to Equity ratio value of 1.28, AQN-PR-D belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC0.56
WACC6.44%
2.3 Liquidity
AQN-PR-D has a Current Ratio of 1.16. This is a normal value and indicates that AQN-PR-D is financially healthy and should not expect problems in meeting its short term obligations.
AQN-PR-D has a Current ratio of 1.16. This is amongst the best in the industry. AQN-PR-D outperforms 81.82% of its industry peers.
A Quick Ratio of 0.97 indicates that AQN-PR-D may have some problems paying its short term obligations.
AQN-PR-D has a Quick ratio of 0.97. This is comparable to the rest of the industry: AQN-PR-D outperforms 40.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The earnings per share for AQN-PR-D have decreased strongly by -24.49% in the last year.
Measured over the past years, AQN-PR-D shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.38% on average per year.
Looking at the last year, AQN-PR-D shows a quite strong growth in Revenue. The Revenue has grown by 13.38% in the last year.
AQN-PR-D shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.38% yearly.
EPS 1Y (TTM)-24.49%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%0%
Revenue 1Y (TTM)13.38%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%-6.06%
3.2 Future
The Earnings Per Share is expected to grow by 2.86% on average over the next years.
AQN-PR-D is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.82% yearly.
EPS Next Y-20.16%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
EPS Next 5Y2.86%
Revenue Next Year-9.8%
Revenue Next 2Y-3.24%
Revenue Next 3Y-0.5%
Revenue Next 5Y0.82%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 48.12, the valuation of AQN-PR-D can be described as expensive.
Based on the Price/Earnings ratio, AQN-PR-D is valued a bit more expensive than the industry average as 68.18% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.25. AQN-PR-D is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 48.49, which means the current valuation is very expensive for AQN-PR-D.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AQN-PR-D indicates a rather expensive valuation: AQN-PR-D more expensive than 81.82% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AQN-PR-D to the average of the S&P500 Index (22.15), we can say AQN-PR-D is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.12 | ||
| Fwd PE | 48.49 |
4.2 Price Multiples
90.91% of the companies in the same industry are cheaper than AQN-PR-D, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.35 |
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-D has a Yearly Dividend Yield of 4.78%, which is a nice return.
Compared to an average industry Dividend Yield of 4.98, AQN-PR-D is paying slightly less dividend.
AQN-PR-D's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
5.2 History
The dividend of AQN-PR-D has a limited annual growth rate of 0.06%.
AQN-PR-D has been paying a dividend for at least 10 years, so it has a reliable track record.
AQN-PR-D 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 Years10
5.3 Sustainability
AQN-PR-D has negative earnings and hence a negative payout ratio. The dividend may be in danger.
AQN-PR-D's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-20.99%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP
TSX:AQN-PR-D (5/30/2025, 7:00:00 PM)
24.54
+0.28 (+1.15%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners65.03%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap18.84B
Analysts69.23
Price Target18.32 (-25.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
Yearly Dividend0.56
Dividend Growth(5Y)0.06%
DP-20.99%
Div Incr Years1
Div Non Decr Years10
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)-4.21%
PT rev (3m)-11.23%
EPS NQ rev (1m)-12.49%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.12 | ||
| Fwd PE | 48.49 | ||
| P/S | 4.53 | ||
| P/FCF | N/A | ||
| P/OCF | 32.08 | ||
| P/B | 2.9 | ||
| P/tB | 4.12 | ||
| EV/EBITDA | 18.35 |
EPS(TTM)0.51
EY2.08%
EPS(NY)0.51
Fwd EY2.06%
FCF(TTM)-0.82
FCFYN/A
OCF(TTM)0.76
OCFY3.12%
SpS5.42
BVpS8.45
TBVpS5.96
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 | 0.99 |
F-Score5
WACC6.44%
ROIC/WACC0.56
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)-24.49%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%0%
EPS Next Y-20.16%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
EPS Next 5Y2.86%
Revenue 1Y (TTM)13.38%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%-6.06%
Revenue Next Year-9.8%
Revenue Next 2Y-3.24%
Revenue Next 3Y-0.5%
Revenue Next 5Y0.82%
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%