BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - TSX:BLX - CA09950M3003 - Common Stock
27.75 CAD
-0.33 (-1.18%)
We assign a fundamental rating of 5 out of 10 to BLX. BLX was compared to 34 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of BLX while its profitability can be described as average. While showing a medium growth rate, BLX is valued expensive at the moment.
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
Looking at the Return On Assets, with a value of -0.13%, BLX is in the better half of the industry, outperforming 73.53% of the companies in the same industry.
BLX has a better Return On Equity (-0.64%) than 73.53% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.98%, BLX is in line with its industry, outperforming 41.18% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BLX is in line with the industry average of 4.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.13% | ||
| ROE | -0.64% | ||
| ROIC | 1.98% |
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's Operating Margin of 23.25% is fine compared to the rest of the industry. BLX outperforms 67.65% of its industry peers.
BLX's Operating Margin has been stable in the last couple of years.
The Gross Margin of BLX (75.66%) is better than 64.71% of its industry peers.
BLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.25% | ||
| PM (TTM) | N/A | ||
| GM | 75.66% |
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.
BLX has about the same amout of shares outstanding than it did 1 year ago.
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 0.51, we must say that BLX is in the distress zone and has some risk of bankruptcy.
BLX's Altman-Z score of 0.51 is fine compared to the rest of the industry. BLX outperforms 70.59% of its industry peers.
A Debt/Equity ratio of 2.65 is on the high side and indicates that BLX has dependencies on debt financing.
BLX's Debt to Equity ratio of 2.65 is in line compared to the rest of the industry. BLX outperforms 44.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.51 |
ROIC/WACC0.42
WACC4.75%
2.3 Liquidity
A Current Ratio of 1.08 indicates that BLX should not have too much problems paying its short term obligations.
BLX has a better Current ratio (1.08) than 79.41% of its industry peers.
A Quick Ratio of 1.08 indicates that BLX should not have too much problems paying its short term obligations.
BLX's Quick ratio of 1.08 is amongst the best of the industry. BLX outperforms 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
BLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -75.00%.
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 -13.45% in the last year.
BLX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.24% yearly.
EPS 1Y (TTM)-75%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-200%
Revenue 1Y (TTM)-13.45%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%2.78%
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 24.20% on average per year.
The Revenue is expected to grow by 15.56% on average over the next years. This is quite good.
EPS Next Y11.4%
EPS Next 2Y36.53%
EPS Next 3Y30.39%
EPS Next 5Y24.2%
Revenue Next Year6.01%
Revenue Next 2Y9.5%
Revenue Next 3Y7.26%
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
BLX is valuated quite expensively with a Price/Earnings ratio of 115.63.
Compared to the rest of the industry, the Price/Earnings ratio of BLX indicates a somewhat cheap valuation: BLX is cheaper than 70.59% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.13, BLX is valued quite expensively.
BLX is valuated rather expensively with a Price/Forward Earnings ratio of 21.89.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BLX indicates a somewhat cheap valuation: BLX is cheaper than 73.53% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.35. BLX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 115.63 | ||
| Fwd PE | 21.89 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLX indicates a slightly more expensive valuation: BLX is more expensive than 64.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.19 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of BLX may justify a higher PE ratio.
A more expensive valuation may be justified as BLX's earnings are expected to grow with 30.39% in the coming years.
PEG (NY)10.15
PEG (5Y)N/A
EPS Next 2Y36.53%
EPS Next 3Y30.39%
5. Dividend
5.1 Amount
BLX has a Yearly Dividend Yield of 2.34%.
With a Dividend Yield of 2.34, BLX pays less dividend than the industry average, which is at 5.44. 82.35% of the companies listed in the same industry pay a better dividend than BLX!
BLX's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
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
The earnings of BLX are negative and hence is the payout ratio. BLX will probably not be able to sustain this dividend level.
The dividend of BLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-680%
EPS Next 2Y36.53%
EPS Next 3Y30.39%
TSX:BLX (11/5/2025, 7:00:00 PM)
27.75
-0.33 (-1.18%)
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 Cap2.85B
Revenue(TTM)830.00M
Net Income(TTM)-10000000
Analysts76.92
Price Target38.76 (39.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP-680%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-125.9%
Min EPS beat(2)-210.01%
Max EPS beat(2)-41.8%
EPS beat(4)0
Avg EPS beat(4)-81.81%
Min EPS beat(4)-210.01%
Max EPS beat(4)-19.18%
EPS beat(8)3
Avg EPS beat(8)-27.38%
EPS beat(12)4
Avg EPS beat(12)-32.93%
EPS beat(16)7
Avg EPS beat(16)-21.99%
Revenue beat(2)0
Avg Revenue beat(2)-15.34%
Min Revenue beat(2)-16.5%
Max Revenue beat(2)-14.18%
Revenue beat(4)0
Avg Revenue beat(4)-12.56%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-5.31%
Revenue beat(8)2
Avg Revenue beat(8)-4.72%
Revenue beat(12)5
Avg Revenue beat(12)-0.49%
Revenue beat(16)6
Avg Revenue beat(16)-1.5%
PT rev (1m)-1.94%
PT rev (3m)-2.44%
EPS NQ rev (1m)-68.09%
EPS NQ rev (3m)-102.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.51%
Revenue NQ rev (1m)-4.69%
Revenue NQ rev (3m)-10.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 115.63 | ||
| Fwd PE | 21.89 | ||
| P/S | 3.44 | ||
| P/FCF | N/A | ||
| P/OCF | 22.63 | ||
| P/B | 1.81 | ||
| P/tB | 7.69 | ||
| EV/EBITDA | 14.19 |
EPS(TTM)0.24
EY0.86%
EPS(NY)1.27
Fwd EY4.57%
FCF(TTM)-5.63
FCFYN/A
OCF(TTM)1.23
OCFY4.42%
SpS8.08
BVpS15.31
TBVpS3.61
PEG (NY)10.15
PEG (5Y)N/A
Graham Number9.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.13% | ||
| ROE | -0.64% | ||
| ROCE | 2.79% | ||
| ROIC | 1.98% | ||
| ROICexc | 2.08% | ||
| ROICexgc | 2.55% | ||
| OM | 23.25% | ||
| PM (TTM) | N/A | ||
| GM | 75.66% | ||
| 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 | 2.65 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.41 | ||
| Cap/Depr | 232.67% | ||
| Cap/Sales | 84.94% | ||
| Interest Coverage | 1.33 | ||
| Cash Conversion | 25.4% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 0.51 |
F-Score4
WACC4.75%
ROIC/WACC0.42
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)-75%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-200%
EPS Next Y11.4%
EPS Next 2Y36.53%
EPS Next 3Y30.39%
EPS Next 5Y24.2%
Revenue 1Y (TTM)-13.45%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%2.78%
Revenue Next Year6.01%
Revenue Next 2Y9.5%
Revenue Next 3Y7.26%
Revenue Next 5Y15.56%
EBIT growth 1Y-28.78%
EBIT growth 3Y7.49%
EBIT growth 5Y9.76%
EBIT Next Year140.93%
EBIT Next 3Y40.07%
EBIT Next 5Y26.65%
FCF growth 1Y-235.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.11%
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 115.63 and the Price/Book (PB) ratio is 1.81.
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 -680%.