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INNERGEX RENEWABLE ENERG (INE-DB-C.CA) Stock Overview

TSX:INE-DB-C - CA45790BAE44

100.05 CAD
0 (0%)
Last: 7/22/2025, 7:00:00 PM
Fundamental Rating

3

Overall INE-DB-C gets a fundamental rating of 3 out of 10. We evaluated INE-DB-C against 31 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of INE-DB-C while its profitability can be described as average. INE-DB-C is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year INE-DB-C was profitable.
In the past year INE-DB-C had a positive cash flow from operations.
In the past 5 years INE-DB-C reported 4 times negative net income.
INE-DB-C had a positive operating cash flow in each of the past 5 years.
INE-DB-C.CA Yearly Net Income VS EBIT VS OCF VS FCFINE-DB-C.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M -600M

1.2 Ratios

The Return On Assets of INE-DB-C (0.42%) is comparable to the rest of the industry.
INE-DB-C has a better Return On Equity (3.63%) than 62.16% of its industry peers.
INE-DB-C has a Return On Invested Capital (2.80%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for INE-DB-C is in line with the industry average of 4.61%.
Industry RankSector Rank
ROA 0.42%
ROE 3.63%
ROIC 2.8%
ROA(3y)-0.69%
ROA(5y)-1.06%
ROE(3y)-5.1%
ROE(5y)-7.44%
ROIC(3y)2.87%
ROIC(5y)2.76%
INE-DB-C.CA Yearly ROA, ROE, ROICINE-DB-C.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10 -15

1.3 Margins

INE-DB-C's Profit Margin of 3.69% is fine compared to the rest of the industry. INE-DB-C outperforms 64.86% of its industry peers.
With a decent Operating Margin value of 31.18%, INE-DB-C is doing good in the industry, outperforming 62.16% of the companies in the same industry.
INE-DB-C's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 77.74%, INE-DB-C is doing good in the industry, outperforming 78.38% of the companies in the same industry.
INE-DB-C's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 31.18%
PM (TTM) 3.69%
GM 77.74%
OM growth 3Y-4.88%
OM growth 5Y-4.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.99%
GM growth 5Y-1.16%
INE-DB-C.CA Yearly Profit, Operating, Gross MarginsINE-DB-C.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), INE-DB-C is destroying value.
Compared to 1 year ago, INE-DB-C has less shares outstanding
INE-DB-C has more shares outstanding than it did 5 years ago.
The debt/assets ratio for INE-DB-C has been reduced compared to a year ago.
INE-DB-C.CA Yearly Shares OutstandingINE-DB-C.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
INE-DB-C.CA Yearly Total Debt VS Total AssetsINE-DB-C.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

INE-DB-C has an Altman-Z score of 1.37. This is a bad value and indicates that INE-DB-C is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.37, INE-DB-C belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
A Debt/Equity ratio of 5.56 is on the high side and indicates that INE-DB-C has dependencies on debt financing.
INE-DB-C's Debt to Equity ratio of 5.56 is in line compared to the rest of the industry. INE-DB-C outperforms 54.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.56
Debt/FCF N/A
Altman-Z 1.37
ROIC/WACC0.42
WACC6.72%
INE-DB-C.CA Yearly LT Debt VS Equity VS FCFINE-DB-C.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

INE-DB-C has a Current Ratio of 0.67. This is a bad value and indicates that INE-DB-C is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.67, INE-DB-C is in line with its industry, outperforming 48.65% of the companies in the same industry.
A Quick Ratio of 0.67 indicates that INE-DB-C may have some problems paying its short term obligations.
INE-DB-C's Quick ratio of 0.67 is in line compared to the rest of the industry. INE-DB-C outperforms 51.35% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.67
INE-DB-C.CA Yearly Current Assets VS Current LiabilitesINE-DB-C.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

INE-DB-C shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 600.00%, which is quite impressive.
INE-DB-C shows a small growth in Revenue. In the last year, the Revenue has grown by 0.97%.
Measured over the past years, INE-DB-C shows a quite strong growth in Revenue. The Revenue has been growing by 13.46% on average per year.
EPS 1Y (TTM)600%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%81.82%
Revenue 1Y (TTM)0.97%
Revenue growth 3Y11.91%
Revenue growth 5Y13.46%
Sales Q2Q%11.94%

3.2 Future

INE-DB-C is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.66% yearly.
The Revenue is expected to grow by 4.53% on average over the next years.
EPS Next Y-72.81%
EPS Next 2Y-45.82%
EPS Next 3Y-14.66%
EPS Next 5YN/A
Revenue Next Year16.37%
Revenue Next 2Y7.66%
Revenue Next 3Y4.53%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
INE-DB-C.CA Yearly Revenue VS EstimatesINE-DB-C.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
INE-DB-C.CA Yearly EPS VS EstimatesINE-DB-C.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 -0.4 -0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 285.86, INE-DB-C can be considered very expensive at the moment.
INE-DB-C's Price/Earnings is on the same level as the industry average.
INE-DB-C is valuated expensively when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
INE-DB-C is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 285.86
Fwd PE N/A
INE-DB-C.CA Price Earnings VS Forward Price EarningsINE-DB-C.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -1K -2K -3K

4.2 Price Multiples

INE-DB-C's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 37.04
INE-DB-C.CA Per share dataINE-DB-C.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

A cheap valuation may be justified as INE-DB-C's earnings are expected to decrease with -14.66% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-45.82%
EPS Next 3Y-14.66%

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1

5. Dividend

5.1 Amount

INE-DB-C has a Yearly Dividend Yield of 2.62%.
Compared to an average industry Dividend Yield of 4.66, INE-DB-C has a dividend in line with its industry peers.
INE-DB-C's Dividend Yield is comparable with the S&P500 average which is at 2.32.
Industry RankSector Rank
Dividend Yield 2.62%

5.2 History

The dividend of INE-DB-C decreases each year by -7.77%.
INE-DB-C does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)-7.77%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

INE-DB-C pays out 198.45% of its income as dividend. This is not a sustainable payout ratio.
INE-DB-C's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP198.45%
EPS Next 2Y-45.82%
EPS Next 3Y-14.66%
INE-DB-C.CA Yearly Income VS Free CF VS DividendINE-DB-C.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M
INE-DB-C.CA Dividend Payout.INE-DB-C.CA Dividend Payout, showing the Payout Ratio.INE-DB-C.CA Dividend Payout.PayoutRetained Earnings

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INNERGEX RENEWABLE ENERG

TSX:INE-DB-C (7/22/2025, 7:00:00 PM)

100.05

0 (0%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)08-05 2025-08-05/amc
Inst Owners30.78%
Inst Owner ChangeN/A
Ins Owners0.73%
Ins Owner ChangeN/A
Market Cap20.32B
Analysts72
Price Target93.32 (-6.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.62%
Yearly Dividend0.47
Dividend Growth(5Y)-7.77%
DP198.45%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)788.82%
Min EPS beat(2)77.15%
Max EPS beat(2)1500.48%
EPS beat(4)3
Avg EPS beat(4)295.25%
Min EPS beat(4)-494.65%
Max EPS beat(4)1500.48%
EPS beat(8)3
Avg EPS beat(8)129.27%
EPS beat(12)3
Avg EPS beat(12)42.5%
EPS beat(16)5
Avg EPS beat(16)19.83%
Revenue beat(2)1
Avg Revenue beat(2)3.54%
Min Revenue beat(2)-4.25%
Max Revenue beat(2)11.33%
Revenue beat(4)1
Avg Revenue beat(4)-0.73%
Min Revenue beat(4)-6.27%
Max Revenue beat(4)11.33%
Revenue beat(8)3
Avg Revenue beat(8)0.91%
Revenue beat(12)4
Avg Revenue beat(12)-0.87%
Revenue beat(16)6
Avg Revenue beat(16)-1.03%
PT rev (1m)-0.06%
PT rev (3m)-1.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 285.86
Fwd PE N/A
P/S 18.89
P/FCF N/A
P/OCF 72.84
P/B 18.56
P/tB N/A
EV/EBITDA 37.04
EPS(TTM)0.35
EY0.35%
EPS(NY)-0.03
Fwd EYN/A
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)1.37
OCFY1.37%
SpS5.3
BVpS5.39
TBVpS-0.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.42%
ROE 3.63%
ROCE 3.89%
ROIC 2.8%
ROICexc 2.86%
ROICexgc 3.37%
OM 31.18%
PM (TTM) 3.69%
GM 77.74%
FCFM N/A
ROA(3y)-0.69%
ROA(5y)-1.06%
ROE(3y)-5.1%
ROE(5y)-7.44%
ROIC(3y)2.87%
ROIC(5y)2.76%
ROICexc(3y)2.93%
ROICexc(5y)2.82%
ROICexgc(3y)3.54%
ROICexgc(5y)3.41%
ROCE(3y)3.99%
ROCE(5y)3.83%
ROICexcg growth 3Y-2.56%
ROICexcg growth 5Y0.85%
ROICexc growth 3Y-2.07%
ROICexc growth 5Y0.28%
OM growth 3Y-4.88%
OM growth 5Y-4.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.99%
GM growth 5Y-1.16%
F-Score6
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 5.56
Debt/FCF N/A
Debt/EBITDA 8.42
Cap/Depr 109.01%
Cap/Sales 39.3%
Interest Coverage 1.22
Cash Conversion 38.57%
Profit Quality N/A
Current Ratio 0.67
Quick Ratio 0.67
Altman-Z 1.37
F-Score6
WACC6.72%
ROIC/WACC0.42
Cap/Depr(3y)112.83%
Cap/Depr(5y)132.7%
Cap/Sales(3y)39.91%
Cap/Sales(5y)47.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)600%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%81.82%
EPS Next Y-72.81%
EPS Next 2Y-45.82%
EPS Next 3Y-14.66%
EPS Next 5YN/A
Revenue 1Y (TTM)0.97%
Revenue growth 3Y11.91%
Revenue growth 5Y13.46%
Sales Q2Q%11.94%
Revenue Next Year16.37%
Revenue Next 2Y7.66%
Revenue Next 3Y4.53%
Revenue Next 5YN/A
EBIT growth 1Y-4.42%
EBIT growth 3Y6.45%
EBIT growth 5Y8.7%
EBIT Next Year183.34%
EBIT Next 3Y42.46%
EBIT Next 5YN/A
FCF growth 1Y-177.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-30.02%
OCF growth 3Y3.24%
OCF growth 5Y4%