BORALEX INC -A (BLX.CA) Fundamental Analysis & Valuation
TSX:BLX • CA09950M3003
Current stock price
36.65 CAD
-0.03 (-0.08%)
Last:
This BLX.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. BLX.CA Profitability Analysis
1.1 Basic Checks
- In the past year BLX was profitable.
- In the past year BLX had a positive cash flow from operations.
- BLX had positive earnings in each of the past 5 years.
- BLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.09%, BLX belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
- BLX has a Return On Equity of 0.45%. This is amongst the best in the industry. BLX outperforms 81.25% of its industry peers.
- With a Return On Invested Capital value of 2.01%, BLX perfoms like the industry average, outperforming 56.25% 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 2.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.09% | ||
| ROE | 0.45% | ||
| ROIC | 2.01% |
ROA(3y)0.58%
ROA(5y)0.5%
ROE(3y)2.5%
ROE(5y)2.19%
ROIC(3y)2.67%
ROIC(5y)2.68%
1.3 Margins
- With an excellent Profit Margin value of 0.82%, BLX belongs to the best of the industry, outperforming 84.38% of the companies in the same industry.
- In the last couple of years the Profit Margin of BLX has declined.
- BLX has a better Operating Margin (21.55%) than 71.88% of its industry peers.
- In the last couple of years the Operating Margin of BLX has declined.
- Looking at the Gross Margin, with a value of 75.97%, BLX is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
- 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 | 21.55% | ||
| PM (TTM) | 0.82% | ||
| GM | 75.97% |
OM growth 3Y-2.93%
OM growth 5Y-5.28%
PM growth 3Y-38.75%
PM growth 5Y-37.56%
GM growth 3Y3.19%
GM growth 5Y-0.05%
2. BLX.CA Health Analysis
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.
- The number of shares outstanding for BLX remains at a similar level compared to 5 years ago.
- BLX has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.60, we must say that BLX is in the distress zone and has some risk of bankruptcy.
- With an excellent Altman-Z score value of 0.60, BLX belongs to the best of the industry, outperforming 81.25% 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.
- BLX has a Debt to Equity ratio (2.86) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.6 |
ROIC/WACC0.34
WACC5.85%
2.3 Liquidity
- A Current Ratio of 1.29 indicates that BLX should not have too much problems paying its short term obligations.
- The Current ratio of BLX (1.29) is better than 84.38% of its industry peers.
- A Quick Ratio of 1.29 indicates that BLX should not have too much problems paying its short term obligations.
- BLX has a Quick ratio of 1.29. This is amongst the best in the industry. BLX outperforms 84.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.29 |
3. BLX.CA Growth Analysis
3.1 Past
- The earnings per share for BLX have decreased strongly by -91.18% in the last year.
- Measured over the past years, BLX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -35.56% on average per year.
- The Revenue has decreased by -0.47% in the past year.
- BLX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.05% yearly.
EPS 1Y (TTM)-91.18%
EPS 3Y-40.85%
EPS 5Y-35.56%
EPS Q2Q%-27.78%
Revenue 1Y (TTM)-0.47%
Revenue growth 3Y0.52%
Revenue growth 5Y6.05%
Sales Q2Q%5.7%
3.2 Future
- BLX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 137.94% yearly.
- Based on estimates for the next years, BLX will show a quite strong growth in Revenue. The Revenue will grow by 9.95% on average per year.
EPS Next Y1728.52%
EPS Next 2Y333.65%
EPS Next 3Y186.48%
EPS Next 5Y137.95%
Revenue Next Year8.33%
Revenue Next 2Y3.9%
Revenue Next 3Y9.95%
Revenue Next 5YN/A
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 accelerating: in the next years the growth will be better than in the last years.
4. BLX.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 610.83, the valuation of BLX can be described as expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of BLX is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of BLX to the average of the S&P500 Index (26.91), we can say BLX is valued expensively.
- BLX is valuated quite expensively with a Price/Forward Earnings ratio of 33.41.
- BLX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BLX is cheaper than 68.75% of the companies in the same industry.
- BLX is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 610.83 | ||
| Fwd PE | 33.41 |
4.2 Price Multiples
- BLX's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.15 |
4.3 Compensation for Growth
- BLX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- BLX has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as BLX's earnings are expected to grow with 186.48% in the coming years.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y333.65%
EPS Next 3Y186.48%
5. BLX.CA Dividend Analysis
5.1 Amount
- BLX has a Yearly Dividend Yield of 1.80%.
- Compared to an average industry Dividend Yield of 3.39, BLX has a dividend in line with its industry peers.
- BLX's Dividend Yield is comparable with the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.8% |
5.2 History
- The dividend of BLX decreases each year by -0.04%.
- 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)-0.04%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
- BLX pays out 971.43% of its income as dividend. This is not a sustainable payout ratio.
DP971.43%
EPS Next 2Y333.65%
EPS Next 3Y186.48%
BLX.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:BLX (4/9/2026, 7:00:00 PM)
36.65
-0.03 (-0.08%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-12 2026-05-12
Inst Owners65.78%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap3.77B
Revenue(TTM)849.00M
Net Income(TTM)7.00M
Analysts73.33
Price Target35.45 (-3.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.8% |
Yearly Dividend0.66
Dividend Growth(5Y)-0.04%
DP971.43%
Div Incr Years0
Div Non Decr Years11
Ex-Date02-27 2026-02-27 (0.165)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-52.24%
Min EPS beat(2)-74.13%
Max EPS beat(2)-30.34%
EPS beat(4)0
Avg EPS beat(4)-89.07%
Min EPS beat(4)-210.01%
Max EPS beat(4)-30.34%
EPS beat(8)2
Avg EPS beat(8)-45.22%
EPS beat(12)4
Avg EPS beat(12)-22.32%
EPS beat(16)6
Avg EPS beat(16)-26.38%
Revenue beat(2)0
Avg Revenue beat(2)-5.19%
Min Revenue beat(2)-7.18%
Max Revenue beat(2)-3.2%
Revenue beat(4)0
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-3.2%
Revenue beat(8)1
Avg Revenue beat(8)-7.97%
Revenue beat(12)4
Avg Revenue beat(12)-2.53%
Revenue beat(16)6
Avg Revenue beat(16)-1.1%
PT rev (1m)-0.4%
PT rev (3m)-3.77%
EPS NQ rev (1m)-15.48%
EPS NQ rev (3m)-19.77%
EPS NY rev (1m)0%
EPS NY rev (3m)-10.41%
Revenue NQ rev (1m)-6.42%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.96%
Revenue NY rev (3m)-8.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 610.83 | ||
| Fwd PE | 33.41 | ||
| P/S | 4.44 | ||
| P/FCF | N/A | ||
| P/OCF | 10.4 | ||
| P/B | 2.44 | ||
| P/tB | 10.92 | ||
| EV/EBITDA | 16.15 |
EPS(TTM)0.06
EY0.16%
EPS(NY)1.1
Fwd EY2.99%
FCF(TTM)-2.84
FCFYN/A
OCF(TTM)3.52
OCFY9.61%
SpS8.26
BVpS15.01
TBVpS3.36
PEG (NY)0.35
PEG (5Y)N/A
Graham Number4.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.09% | ||
| ROE | 0.45% | ||
| ROCE | 2.56% | ||
| ROIC | 2.01% | ||
| ROICexc | 2.09% | ||
| ROICexgc | 2.53% | ||
| OM | 21.55% | ||
| PM (TTM) | 0.82% | ||
| GM | 75.97% | ||
| FCFM | N/A |
ROA(3y)0.58%
ROA(5y)0.5%
ROE(3y)2.5%
ROE(5y)2.19%
ROIC(3y)2.67%
ROIC(5y)2.68%
ROICexc(3y)2.88%
ROICexc(5y)2.88%
ROICexgc(3y)3.63%
ROICexgc(5y)3.71%
ROCE(3y)3.41%
ROCE(5y)3.43%
ROICexgc growth 3Y-12.51%
ROICexgc growth 5Y-9.35%
ROICexc growth 3Y-10.05%
ROICexc growth 5Y-7.11%
OM growth 3Y-2.93%
OM growth 5Y-5.28%
PM growth 3Y-38.75%
PM growth 5Y-37.56%
GM growth 3Y3.19%
GM growth 5Y-0.05%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.74 | ||
| Cap/Depr | 203.74% | ||
| Cap/Sales | 77.03% | ||
| Interest Coverage | 1.16 | ||
| Cash Conversion | 71.83% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 0.6 |
F-Score4
WACC5.85%
ROIC/WACC0.34
Cap/Depr(3y)150.5%
Cap/Depr(5y)118.22%
Cap/Sales(3y)52.47%
Cap/Sales(5y)42.2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-91.18%
EPS 3Y-40.85%
EPS 5Y-35.56%
EPS Q2Q%-27.78%
EPS Next Y1728.52%
EPS Next 2Y333.65%
EPS Next 3Y186.48%
EPS Next 5Y137.95%
Revenue 1Y (TTM)-0.47%
Revenue growth 3Y0.52%
Revenue growth 5Y6.05%
Sales Q2Q%5.7%
Revenue Next Year8.33%
Revenue Next 2Y3.9%
Revenue Next 3Y9.95%
Revenue Next 5YN/A
EBIT growth 1Y-19.38%
EBIT growth 3Y-2.43%
EBIT growth 5Y0.44%
EBIT Next Year183.07%
EBIT Next 3Y45.76%
EBIT Next 5Y31.6%
FCF growth 1Y-23.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.37%
OCF growth 3Y-10.97%
OCF growth 5Y0%
BORALEX INC -A / BLX.CA Fundamental Analysis 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 of BORALEX INC -A (BLX.CA) stock?
ChartMill assigns a valuation rating of 4 / 10 to BORALEX INC -A (BLX.CA). This can be considered as Fairly Valued.
What is the profitability of BLX stock?
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 610.83 and the Price/Book (PB) ratio is 2.44.
How financially healthy is BORALEX INC -A?
The financial health rating of BORALEX INC -A (BLX.CA) is 4 / 10.