BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
TSX:BLX - Toronto Stock Exchange - CA09950M3003 - Common Stock - Currency: CAD
Overall BLX gets a fundamental rating of 4 out of 10. We evaluated BLX against 37 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. BLX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BLX had positive earnings in the past year.
In the past year BLX had a positive cash flow from operations.
BLX had positive earnings in each of the past 5 years.
In the past 5 years BLX always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 0.15%, BLX perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
BLX has a Return On Equity of 0.69%. This is comparable to the rest of the industry: BLX outperforms 56.76% of its industry peers.
BLX has a Return On Invested Capital (2.05%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BLX is below the industry average of 5.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.15% | ||
| ROE | 0.69% | ||
| ROIC | 2.05% |
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
The Profit Margin of BLX (1.34%) is better than 62.16% of its industry peers.
In the last couple of years the Profit Margin of BLX has grown nicely.
BLX has a Operating Margin of 23.84%. This is comparable to the rest of the industry: BLX outperforms 59.46% of its industry peers.
BLX's Operating Margin has been stable in the last couple of years.
BLX's Gross Margin of 76.40% is fine compared to the rest of the industry. BLX outperforms 72.97% of its industry peers.
BLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.84% | ||
| PM (TTM) | 1.34% | ||
| GM | 76.4% |
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.
The number of shares outstanding for BLX remains at a similar level compared to 1 year ago.
BLX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BLX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.55, we must say that BLX is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.55, BLX is doing good in the industry, outperforming 70.27% of the companies in the same industry.
BLX has a Debt/Equity ratio of 2.51. This is a high value indicating a heavy dependency on external financing.
BLX has a Debt to Equity ratio of 2.51. This is in the better half of the industry: BLX outperforms 70.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.51 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.55 |
ROIC/WACC0.42
WACC4.92%
2.3 Liquidity
A Current Ratio of 0.94 indicates that BLX may have some problems paying its short term obligations.
BLX has a Current ratio of 0.94. This is in the better half of the industry: BLX outperforms 64.86% of its industry peers.
BLX has a Quick Ratio of 0.94. This is a bad value and indicates that BLX is not financially healthy enough and could expect problems in meeting its short term obligations.
BLX's Quick ratio of 0.94 is fine compared to the rest of the industry. BLX outperforms 67.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
The earnings per share for BLX have decreased strongly by -58.10% 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
The Revenue for BLX has decreased by -16.63% in the past year. This is quite bad
The Revenue has been growing by 8.24% on average over the past years. This is quite good.
EPS 1Y (TTM)-58.1%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-45.28%
Revenue 1Y (TTM)-16.63%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%-12.74%
3.2 Future
The Earnings Per Share is expected to grow by 24.26% 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 Y33.43%
EPS Next 2Y35.85%
EPS Next 3Y29.58%
EPS Next 5Y24.26%
Revenue Next Year9.09%
Revenue Next 2Y10.73%
Revenue Next 3Y7.55%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 73.73, which means the current valuation is very expensive for BLX.
BLX's Price/Earnings is on the same level as the industry average.
BLX is valuated expensively when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 25.85, which means the current valuation is very expensive for BLX.
75.68% of the companies in the same industry are more expensive than BLX, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.36, BLX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.73 | ||
| Fwd PE | 25.85 |
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 | 14.76 |
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.
A more expensive valuation may be justified as BLX's earnings are expected to grow with 29.58% in the coming years.
PEG (NY)2.21
PEG (5Y)N/A
EPS Next 2Y35.85%
EPS Next 3Y29.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.07%, BLX has a reasonable but not impressive dividend return.
With a Dividend Yield of 2.07, BLX pays less dividend than the industry average, which is at 5.27. 83.78% of the companies listed in the same industry pay a better dividend than BLX!
Compared to an average S&P500 Dividend Yield of 2.34, BLX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.07% |
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 pays out 618.18% of its income as dividend. This is not a sustainable payout ratio.
BLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP618.18%
EPS Next 2Y35.85%
EPS Next 3Y29.58%
TSX:BLX (7/23/2025, 7:00:00 PM)
32.44
-0.17 (-0.52%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners57.5%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap3.33B
Analysts78.57
Price Target39.73 (22.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.07% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP618.18%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.03%
Min EPS beat(2)-56.27%
Max EPS beat(2)-41.8%
EPS beat(4)1
Avg EPS beat(4)-16.81%
Min EPS beat(4)-56.27%
Max EPS beat(4)50.02%
EPS beat(8)4
Avg EPS beat(8)6.3%
EPS beat(12)5
Avg EPS beat(12)-11.51%
EPS beat(16)7
Avg EPS beat(16)-43.18%
Revenue beat(2)0
Avg Revenue beat(2)-15.37%
Min Revenue beat(2)-16.5%
Max Revenue beat(2)-14.25%
Revenue beat(4)0
Avg Revenue beat(4)-10.76%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-5.31%
Revenue beat(8)3
Avg Revenue beat(8)-2.2%
Revenue beat(12)5
Avg Revenue beat(12)0.34%
Revenue beat(16)6
Avg Revenue beat(16)-1.36%
PT rev (1m)1.7%
PT rev (3m)0.39%
EPS NQ rev (1m)-33.33%
EPS NQ rev (3m)28.57%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)2.81%
Revenue NQ rev (3m)-3.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.73 | ||
| Fwd PE | 25.85 | ||
| P/S | 4.06 | ||
| P/FCF | N/A | ||
| P/OCF | 21.23 | ||
| P/B | 2.08 | ||
| P/tB | 8.4 | ||
| EV/EBITDA | 14.76 |
EPS(TTM)0.44
EY1.36%
EPS(NY)1.25
Fwd EY3.87%
FCF(TTM)-5.12
FCFYN/A
OCF(TTM)1.53
OCFY4.71%
SpS8
BVpS15.58
TBVpS3.86
PEG (NY)2.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.15% | ||
| ROE | 0.69% | ||
| ROCE | 2.89% | ||
| ROIC | 2.05% | ||
| ROICexc | 2.17% | ||
| ROICexgc | 2.68% | ||
| OM | 23.84% | ||
| PM (TTM) | 1.34% | ||
| GM | 76.4% | ||
| 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%
ROICexcg growth 3Y-1.44%
ROICexcg 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 | 2.51 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.13 | ||
| Cap/Depr | 229.2% | ||
| Cap/Sales | 83.09% | ||
| Interest Coverage | 1.45 | ||
| Cash Conversion | 31.78% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 0.55 |
F-Score4
WACC4.92%
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)-58.1%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-45.28%
EPS Next Y33.43%
EPS Next 2Y35.85%
EPS Next 3Y29.58%
EPS Next 5Y24.26%
Revenue 1Y (TTM)-16.63%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%-12.74%
Revenue Next Year9.09%
Revenue Next 2Y10.73%
Revenue Next 3Y7.55%
Revenue Next 5Y15.56%
EBIT growth 1Y-27.68%
EBIT growth 3Y7.49%
EBIT growth 5Y9.76%
EBIT Next Year141.33%
EBIT Next 3Y40.63%
EBIT Next 5Y28.5%
FCF growth 1Y-252.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-74.68%
OCF growth 3Y-14.58%
OCF growth 5Y-6.07%