BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - TSX:BLX - CA09950M3003 - Common Stock
26.62 CAD
-0.69 (-2.53%)
BLX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 33 industry peers in the Independent Power and Renewable Electricity Producers industry. BLX has a medium profitability rating, but doesn't score so well on its financial health evaluation. BLX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BLX was profitable.
BLX had a positive operating cash flow in the past year.
In the past 5 years BLX has always been profitable.
In the past 5 years BLX always reported a positive cash flow from operatings.
1.2 Ratios
BLX has a better Return On Assets (-0.30%) than 63.64% of its industry peers.
Looking at the Return On Equity, with a value of -1.51%, BLX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
The Return On Invested Capital of BLX (1.83%) is worse than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BLX is in line with the industry average of 3.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -1.51% | ||
| ROIC | 1.83% |
ROA(3y)0.71%
ROA(5y)0.69%
ROE(3y)2.94%
ROE(5y)3.22%
ROIC(3y)2.63%
ROIC(5y)2.59%
1.3 Margins
BLX's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 22.10%, BLX is in the better half of the industry, outperforming 69.70% of the companies in the same industry.
In the last couple of years the Operating Margin of BLX has remained more or less at the same level.
The Gross Margin of BLX (75.60%) is better than 66.67% of its industry peers.
In the last couple of years the Gross Margin of BLX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.1% | ||
| PM (TTM) | N/A | ||
| GM | 75.6% |
OM growth 3Y0.2%
OM growth 5Y1.4%
PM growth 3Y19.71%
PM growth 5YN/A
GM growth 3Y-0.46%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BLX is destroying value.
Compared to 1 year ago, BLX has about the same amount of shares outstanding.
BLX has more shares outstanding than it did 5 years ago.
BLX has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that BLX is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BLX (0.50) is better than 78.79% of its industry peers.
BLX has a Debt/Equity ratio of 2.86. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.86, BLX perfoms like the industry average, outperforming 42.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.5 |
ROIC/WACC0.4
WACC4.61%
2.3 Liquidity
BLX has a Current Ratio of 1.26. This is a normal value and indicates that BLX is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of BLX (1.26) is better than 78.79% of its industry peers.
BLX has a Quick Ratio of 1.26. This is a normal value and indicates that BLX is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.26, BLX belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
BLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -26.88%.
Measured over the past years, BLX shows a very strong growth in Earnings Per Share. The EPS has been growing by 58.74% on average per year.
Looking at the last year, BLX shows a very negative growth in Revenue. The Revenue has decreased by -11.91% in the last year.
The Revenue has been growing by 8.24% on average over the past years. This is quite good.
EPS 1Y (TTM)-26.88%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-87.71%
Revenue 1Y (TTM)-11.91%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%4.67%
3.2 Future
Based on estimates for the next years, BLX will show a very strong growth in Earnings Per Share. The EPS will grow by 24.38% on average per year.
Based on estimates for the next years, BLX will show a quite strong growth in Revenue. The Revenue will grow by 15.56% on average per year.
EPS Next Y1.74%
EPS Next 2Y36.67%
EPS Next 3Y30.9%
EPS Next 5Y24.38%
Revenue Next Year4.43%
Revenue Next 2Y8.89%
Revenue Next 3Y7.16%
Revenue Next 5Y15.56%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 39.15 indicates a quite expensive valuation of BLX.
Based on the Price/Earnings ratio, BLX is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
BLX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.89.
With a Price/Forward Earnings ratio of 20.96, BLX is valued on the expensive side.
Based on the Price/Forward Earnings ratio, BLX is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 34.59. BLX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.15 | ||
| Fwd PE | 20.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLX is valued a bit more expensive than 60.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.01 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BLX does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of BLX may justify a higher PE ratio.
BLX's earnings are expected to grow with 30.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)22.46
PEG (5Y)N/A
EPS Next 2Y36.67%
EPS Next 3Y30.9%
5. Dividend
5.1 Amount
BLX has a Yearly Dividend Yield of 2.42%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.01, BLX's dividend is way lower than its industry peers. On top of this 81.82% of the companies listed in the same industry pay a better dividend than BLX!
Compared to an average S&P500 Dividend Yield of 2.44, BLX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
5.2 History
The dividend of BLX has a limited annual growth rate of 0.48%.
BLX has been paying a dividend for at least 10 years, so it has a reliable track record.
BLX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.48%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
BLX has negative earnings and hence a negative payout ratio. The dividend may be in danger.
BLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-295.65%
EPS Next 2Y36.67%
EPS Next 3Y30.9%
TSX:BLX (11/14/2025, 7:00:00 PM)
26.62
-0.69 (-2.53%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners61.04%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap2.74B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts76.92
Price Target38.76 (45.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP-295.65%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-10.68%
Min Revenue beat(2)-14.18%
Max Revenue beat(2)-7.18%
Revenue beat(4)0
Avg Revenue beat(4)-13.03%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-7.18%
Revenue beat(8)2
Avg Revenue beat(8)-5%
Revenue beat(12)5
Avg Revenue beat(12)1.37%
Revenue beat(16)6
Avg Revenue beat(16)-1.36%
PT rev (1m)-1.94%
PT rev (3m)-2.44%
EPS NQ rev (1m)1.33%
EPS NQ rev (3m)-1.3%
EPS NY rev (1m)-8.67%
EPS NY rev (3m)-23.75%
Revenue NQ rev (1m)-2.37%
Revenue NQ rev (3m)-2.73%
Revenue NY rev (1m)-1.48%
Revenue NY rev (3m)-3.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.15 | ||
| Fwd PE | 20.96 | ||
| P/S | 3.3 | ||
| P/FCF | N/A | ||
| P/OCF | 7.88 | ||
| P/B | 1.79 | ||
| P/tB | 8.58 | ||
| EV/EBITDA | 15.01 |
EPS(TTM)0.68
EY2.55%
EPS(NY)1.27
Fwd EY4.77%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY12.69%
SpS8.06
BVpS14.86
TBVpS3.1
PEG (NY)22.46
PEG (5Y)N/A
Graham Number15.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -1.51% | ||
| ROCE | 2.58% | ||
| ROIC | 1.83% | ||
| ROICexc | 1.83% | ||
| ROICexgc | 2.2% | ||
| OM | 22.1% | ||
| PM (TTM) | N/A | ||
| GM | 75.6% | ||
| FCFM | N/A |
ROA(3y)0.71%
ROA(5y)0.69%
ROE(3y)2.94%
ROE(5y)3.22%
ROIC(3y)2.63%
ROIC(5y)2.59%
ROICexc(3y)2.85%
ROICexc(5y)2.78%
ROICexgc(3y)3.67%
ROICexgc(5y)3.66%
ROCE(3y)3.71%
ROCE(5y)3.65%
ROICexgc growth 3Y-1.44%
ROICexgc growth 5Y1.01%
ROICexc growth 3Y1.57%
ROICexc growth 5Y1.49%
OM growth 3Y0.2%
OM growth 5Y1.4%
PM growth 3Y19.71%
PM growth 5YN/A
GM growth 3Y-0.46%
GM growth 5Y-0.28%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.89 | ||
| Cap/Depr | 238.31% | ||
| Cap/Sales | 88.65% | ||
| Interest Coverage | 1.24 | ||
| Cash Conversion | 70.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | 0.5 |
F-Score4
WACC4.61%
ROIC/WACC0.4
Cap/Depr(3y)110.38%
Cap/Depr(5y)89.71%
Cap/Sales(3y)36.6%
Cap/Sales(5y)31.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-26.88%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-87.71%
EPS Next Y1.74%
EPS Next 2Y36.67%
EPS Next 3Y30.9%
EPS Next 5Y24.38%
Revenue 1Y (TTM)-11.91%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%4.67%
Revenue Next Year4.43%
Revenue Next 2Y8.89%
Revenue Next 3Y7.16%
Revenue Next 5Y15.56%
EBIT growth 1Y-31.46%
EBIT growth 3Y7.49%
EBIT growth 5Y9.76%
EBIT Next Year140.93%
EBIT Next 3Y40.07%
EBIT Next 5Y26.83%
FCF growth 1Y-224.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-39.97%
OCF growth 3Y-14.58%
OCF growth 5Y-6.07%
BORALEX INC -A / BLX.CA FAQ
What is the ChartMill fundamental rating of BORALEX INC -A (BLX.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BLX.CA.
What is the valuation status for BLX stock?
ChartMill assigns a valuation rating of 3 / 10 to BORALEX INC -A (BLX.CA). This can be considered as Overvalued.
Can you provide the profitability details for BORALEX INC -A?
BORALEX INC -A (BLX.CA) has a profitability rating of 6 / 10.
What are the PE and PB ratios of BORALEX INC -A (BLX.CA) stock?
The Price/Earnings (PE) ratio for BORALEX INC -A (BLX.CA) is 39.15 and the Price/Book (PB) ratio is 1.79.
Can you provide the dividend sustainability for BLX stock?
The dividend rating of BORALEX INC -A (BLX.CA) is 5 / 10 and the dividend payout ratio is -295.65%.