INNERGEX RENEWABLE ENERG - INECN 3.244 PERP (INE-PR-A.CA) Fundamental Analysis & Valuation

TSX:INE-PR-A • CA45790B5009

Current stock price

25.34 CAD
-0.01 (-0.04%)
Last:

This INE-PR-A.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. INE-PR-A.CA Profitability Analysis

1.1 Basic Checks

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

1.2 Ratios

  • The Return On Assets of INE-PR-A (0.42%) is better than 62.16% of its industry peers.
  • The Return On Equity of INE-PR-A (3.63%) is better than 64.86% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 2.80%, INE-PR-A is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for INE-PR-A is in line with the industry average of 2.54%.
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-PR-A.CA Yearly ROA, ROE, ROICINE-PR-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10 -15

1.3 Margins

  • The Profit Margin of INE-PR-A (3.69%) is better than 67.57% of its industry peers.
  • INE-PR-A's Operating Margin of 31.18% is fine compared to the rest of the industry. INE-PR-A outperforms 64.86% of its industry peers.
  • INE-PR-A's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 77.74%, INE-PR-A belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
  • INE-PR-A'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-PR-A.CA Yearly Profit, Operating, Gross MarginsINE-PR-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. INE-PR-A.CA Health Analysis

2.1 Basic Checks

  • INE-PR-A 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, INE-PR-A has less shares outstanding
  • The number of shares outstanding for INE-PR-A has been increased compared to 5 years ago.
  • INE-PR-A has a better debt/assets ratio than last year.
INE-PR-A.CA Yearly Shares OutstandingINE-PR-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
INE-PR-A.CA Yearly Total Debt VS Total AssetsINE-PR-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 0.29, we must say that INE-PR-A is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of INE-PR-A (0.29) is better than 64.86% of its industry peers.
  • INE-PR-A has a Debt/Equity ratio of 5.56. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 5.56, INE-PR-A perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 5.56
Debt/FCF N/A
Altman-Z 0.29
ROIC/WACC0.55
WACC5.14%
INE-PR-A.CA Yearly LT Debt VS Equity VS FCFINE-PR-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • INE-PR-A has a Current Ratio of 0.67. This is a bad value and indicates that INE-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
  • INE-PR-A has a Current ratio of 0.67. This is comparable to the rest of the industry: INE-PR-A outperforms 51.35% of its industry peers.
  • INE-PR-A has a Quick Ratio of 0.67. This is a bad value and indicates that INE-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
  • INE-PR-A's Quick ratio of 0.67 is in line compared to the rest of the industry. INE-PR-A outperforms 54.05% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.67
INE-PR-A.CA Yearly Current Assets VS Current LiabilitesINE-PR-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. INE-PR-A.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 600.00% over the past year.
  • INE-PR-A shows a small growth in Revenue. In the last year, the Revenue has grown by 0.97%.
  • The Revenue has been growing by 13.46% on average over the past years. This is quite good.
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-PR-A is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.66% yearly.
  • INE-PR-A is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.53% yearly.
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-PR-A.CA Yearly Revenue VS EstimatesINE-PR-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
INE-PR-A.CA Yearly EPS VS EstimatesINE-PR-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 0.2 -0.2

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1

4. INE-PR-A.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 72.40 indicates a quite expensive valuation of INE-PR-A.
  • INE-PR-A's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of INE-PR-A to the average of the S&P500 Index (26.91), we can say INE-PR-A is valued expensively.
  • The Forward Price/Earnings Ratio is negative for INE-PR-A. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 72.4
Fwd PE N/A
INE-PR-A.CA Price Earnings VS Forward Price EarningsINE-PR-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -200 -400 -600

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INE-PR-A is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.06
INE-PR-A.CA Per share dataINE-PR-A.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-PR-A'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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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. INE-PR-A.CA Dividend Analysis

5.1 Amount

  • INE-PR-A has a Yearly Dividend Yield of 2.62%.
  • Compared to an average industry Dividend Yield of 3.39, INE-PR-A has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, INE-PR-A pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.62%

5.2 History

  • The dividend of INE-PR-A decreases each year by -7.77%.
  • INE-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
  • INE-PR-A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-7.77%
Div Incr Years0
Div Non Decr Years3
INE-PR-A.CA Yearly Dividends per shareINE-PR-A.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 198.45% of the earnings are spent on dividend by INE-PR-A. This is not a sustainable payout ratio.
  • INE-PR-A'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-PR-A.CA Yearly Income VS Free CF VS DividendINE-PR-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M
INE-PR-A.CA Dividend Payout.INE-PR-A.CA Dividend Payout, showing the Payout Ratio.INE-PR-A.CA Dividend Payout.PayoutRetained Earnings

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INE-PR-A.CA Fundamentals: All Metrics, Ratios and Statistics

INNERGEX RENEWABLE ENERG - INECN 3.244 PERP

TSX:INE-PR-A (7/22/2025, 7:00:00 PM)

25.34

-0.01 (-0.04%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)05-07
Earnings (Next)08-05
Inst Owners30.78%
Inst Owner ChangeN/A
Ins Owners0.73%
Ins Owner ChangeN/A
Market Cap5.15B
Revenue(TTM)1.08B
Net Income(TTM)39.73M
Analysts72
Price Target23.23 (-8.33%)
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 Years3
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)0.07%
PT rev (3m)0.5%
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 72.4
Fwd PE N/A
P/S 4.78
P/FCF N/A
P/OCF 18.45
P/B 4.7
P/tB N/A
EV/EBITDA 16.06
EPS(TTM)0.35
EY1.38%
EPS(NY)-0.03
Fwd EYN/A
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)1.37
OCFY5.42%
SpS5.3
BVpS5.39
TBVpS-0.92
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
ROICexgc growth 3Y-2.56%
ROICexgc 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 0.29
F-Score6
WACC5.14%
ROIC/WACC0.55
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%

INNERGEX RENEWABLE ENERG - INECN 3.244 PERP / INE-PR-A.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of INNERGEX RENEWABLE ENERG - INECN 3.244 PERP (INE-PR-A.CA) stock?

ChartMill assigns a fundamental rating of 3 / 10 to INE-PR-A.CA.


Can you provide the valuation status for INNERGEX RENEWABLE ENERG - INECN 3.244 PERP?

ChartMill assigns a valuation rating of 1 / 10 to INNERGEX RENEWABLE ENERG - INECN 3.244 PERP (INE-PR-A.CA). This can be considered as Overvalued.


Can you provide the profitability details for INNERGEX RENEWABLE ENERG - INECN 3.244 PERP?

INNERGEX RENEWABLE ENERG - INECN 3.244 PERP (INE-PR-A.CA) has a profitability rating of 5 / 10.


Can you provide the expected EPS growth for INE-PR-A stock?

The Earnings per Share (EPS) of INNERGEX RENEWABLE ENERG - INECN 3.244 PERP (INE-PR-A.CA) is expected to decline by -72.81% in the next year.


Is the dividend of INNERGEX RENEWABLE ENERG - INECN 3.244 PERP sustainable?

The dividend rating of INNERGEX RENEWABLE ENERG - INECN 3.244 PERP (INE-PR-A.CA) is 3 / 10 and the dividend payout ratio is 198.45%.