BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
24.73 CAD
+0.19 (+0.77%)
Taking everything into account, BLX scores 5 out of 10 in our fundamental rating. BLX was compared to 33 industry peers in the Independent Power and Renewable Electricity Producers industry. While BLX is still in line with the averages on profitability rating, there are concerns on its financial health. BLX is valied quite expensively at the moment, while 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.
BLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BLX's Return On Assets of -0.30% is fine compared to the rest of the industry. BLX outperforms 66.67% of its industry peers.
BLX's Return On Equity of -1.51% is fine compared to the rest of the industry. BLX outperforms 69.70% of its industry peers.
BLX has a Return On Invested Capital of 1.83%. This is in the lower half of the industry: BLX underperforms 69.70% 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 3.80%.
| 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
In the last couple of years the Profit Margin of BLX has grown nicely.
BLX has a Operating Margin of 22.10%. This is in the better half of the industry: BLX outperforms 69.70% of its industry peers.
BLX's Operating Margin has been stable in the last couple of years.
The Gross Margin of BLX (75.60%) is better than 63.64% 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
BLX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, BLX has about the same amount of shares outstanding.
Compared to 5 years ago, BLX has more shares outstanding
Compared to 1 year ago, BLX has a worse debt to assets ratio.
2.2 Solvency
BLX has an Altman-Z score of 0.47. This is a bad value and indicates that BLX is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.47, BLX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 2.86 is on the high side and indicates that BLX has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.86, BLX is in line with its industry, outperforming 42.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.47 |
ROIC/WACC0.35
WACC5.21%
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.
Looking at the Current ratio, with a value of 1.26, BLX belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
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 84.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
The earnings per share for BLX have decreased strongly by -87.21% in the last year.
The Earnings Per Share has been growing by 58.74% on average over the past years. This is a very strong growth
BLX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.91%.
Measured over the past years, BLX shows a quite strong growth in Revenue. The Revenue has been growing by 8.24% on average per year.
EPS 1Y (TTM)-87.21%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-11.91%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%4.67%
3.2 Future
The Earnings Per Share is expected to grow by 24.38% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 15.56% on average over the next years. This is quite good.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
The Price/Earnings ratio is 224.82, which means the current valuation is very expensive for BLX.
Compared to the rest of the industry, the Price/Earnings ratio of BLX indicates a somewhat cheap valuation: BLX is cheaper than 66.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.15, BLX is valued quite expensively.
With a Price/Forward Earnings ratio of 19.47, BLX is valued on the expensive side.
BLX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BLX is cheaper than 72.73% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.12. BLX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 224.82 | ||
| Fwd PE | 19.47 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BLX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.57 |
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)129.01
PEG (5Y)N/A
EPS Next 2Y36.67%
EPS Next 3Y30.9%
5. Dividend
5.1 Amount
BLX has a Yearly Dividend Yield of 2.71%. Purely for dividend investing, there may be better candidates out there.
BLX's Dividend Yield is slightly below the industry average, which is at 4.88.
Compared to an average S&P500 Dividend Yield of 2.41, BLX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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 (11/27/2025, 7:00:00 PM)
24.73
+0.19 (+0.77%)
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 Cap2.54B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts76.92
Price Target38.31 (54.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
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)0
Avg EPS beat(2)-120.18%
Min EPS beat(2)-210.01%
Max EPS beat(2)-30.34%
EPS beat(4)0
Avg EPS beat(4)-84.6%
Min EPS beat(4)-210.01%
Max EPS beat(4)-30.34%
EPS beat(8)2
Avg EPS beat(8)-39.17%
EPS beat(12)4
Avg EPS beat(12)-20.96%
EPS beat(16)6
Avg EPS beat(16)-24.58%
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)-3.08%
PT rev (3m)-3.08%
EPS NQ rev (1m)0.89%
EPS NQ rev (3m)-5.42%
EPS NY rev (1m)-8.67%
EPS NY rev (3m)-17.96%
Revenue NQ rev (1m)-2.1%
Revenue NQ rev (3m)-5.74%
Revenue NY rev (1m)-1.48%
Revenue NY rev (3m)-4.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 224.82 | ||
| Fwd PE | 19.47 | ||
| P/S | 3.07 | ||
| P/FCF | N/A | ||
| P/OCF | 7.32 | ||
| P/B | 1.66 | ||
| P/tB | 7.97 | ||
| EV/EBITDA | 14.57 |
EPS(TTM)0.11
EY0.44%
EPS(NY)1.27
Fwd EY5.14%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY13.65%
SpS8.06
BVpS14.86
TBVpS3.1
PEG (NY)129.01
PEG (5Y)N/A
Graham Number6.06
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 | 0.47 |
F-Score4
WACC5.21%
ROIC/WACC0.35
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)-87.21%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-100%
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 224.82 and the Price/Book (PB) ratio is 1.66.
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%.