INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) Stock Fundamental Analysis
TSX:INE-PR-C - Toronto Stock Exchange - CA45790B7088 - Currency: CAD
Overall INE-PR-C gets a fundamental rating of 4 out of 10. We evaluated INE-PR-C against 39 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of INE-PR-C while its profitability can be described as average. INE-PR-C is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year INE-PR-C was profitable.
INE-PR-C had a positive operating cash flow in the past year.
INE-PR-C had negative earnings in 4 of the past 5 years.
INE-PR-C had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
INE-PR-C has a Return On Assets of 0.42%. This is in the better half of the industry: INE-PR-C outperforms 66.67% of its industry peers.
Looking at the Return On Equity, with a value of 3.63%, INE-PR-C is in the better half of the industry, outperforming 71.79% of the companies in the same industry.
INE-PR-C has a better Return On Invested Capital (2.80%) than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for INE-PR-C is in line with the industry average of 3.83%.
| Industry Rank | Sector 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%
1.3 Margins
With a decent Profit Margin value of 3.69%, INE-PR-C is doing good in the industry, outperforming 69.23% of the companies in the same industry.
The Operating Margin of INE-PR-C (31.18%) is better than 69.23% of its industry peers.
In the last couple of years the Operating Margin of INE-PR-C has declined.
INE-PR-C has a better Gross Margin (77.74%) than 79.49% of its industry peers.
In the last couple of years the Gross Margin of INE-PR-C has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), INE-PR-C is destroying value.
Compared to 1 year ago, INE-PR-C has less shares outstanding
The number of shares outstanding for INE-PR-C has been increased compared to 5 years ago.
INE-PR-C has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.28, we must say that INE-PR-C is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.28, INE-PR-C is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
INE-PR-C has a Debt/Equity ratio of 5.56. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of INE-PR-C (5.56) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.56 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.28 |
ROIC/WACC0.56
WACC5.03%
2.3 Liquidity
INE-PR-C has a Current Ratio of 0.67. This is a bad value and indicates that INE-PR-C is not financially healthy enough and could expect problems in meeting its short term obligations.
INE-PR-C has a Current ratio of 0.67. This is in the better half of the industry: INE-PR-C outperforms 61.54% of its industry peers.
INE-PR-C has a Quick Ratio of 0.67. This is a bad value and indicates that INE-PR-C is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of INE-PR-C (0.67) is better than 64.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
INE-PR-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.
The Revenue has been growing slightly by 0.97% in the past year.
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
Based on estimates for the next years, INE-PR-C will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.66% on average per year.
INE-PR-C 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
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 71.37, INE-PR-C can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of INE-PR-C indicates a somewhat cheap valuation: INE-PR-C is cheaper than 66.67% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.91. INE-PR-C is valued rather expensively when compared to this.
INE-PR-C is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 71.37 | ||
| Fwd PE | N/A |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as INE-PR-C.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.96 |
4.3 Compensation for Growth
INE-PR-C's earnings are expected to decrease with -14.66% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-45.82%
EPS Next 3Y-14.66%
5. Dividend
5.1 Amount
INE-PR-C has a Yearly Dividend Yield of 2.64%.
INE-PR-C's Dividend Yield is comparable with the industry average which is at 4.48.
INE-PR-C's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
5.2 History
The dividend of INE-PR-C decreases each year by -7.77%.
INE-PR-C has been paying a dividend for at least 10 years, so it has a reliable track record.
INE-PR-C has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-7.77%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
198.45% of the earnings are spent on dividend by INE-PR-C. This is not a sustainable payout ratio.
INE-PR-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%
INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP
TSX:INE-PR-C (5/26/2025, 7:00:00 PM)
24.98
+0.08 (+0.32%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners36.62%
Inst Owner ChangeN/A
Ins Owners0.7%
Ins Owner ChangeN/A
Market Cap5.07B
Analysts70.91
Price Target23.17 (-7.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
Yearly Dividend0.47
Dividend Growth(5Y)-7.77%
DP198.45%
Div Incr Years0
Div Non Decr Years4
Ex-Date
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)-3.51%
PT rev (3m)-26.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.81%
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)2.44%
Revenue NQ rev (3m)3.76%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)2.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 71.37 | ||
| Fwd PE | N/A | ||
| P/S | 4.72 | ||
| P/FCF | N/A | ||
| P/OCF | 18.19 | ||
| P/B | 4.63 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.96 |
EPS(TTM)0.35
EY1.4%
EPS(NY)-0.03
Fwd EYN/A
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)1.37
OCFY5.5%
SpS5.3
BVpS5.39
TBVpS-0.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.28 |
F-Score6
WACC5.03%
ROIC/WACC0.56
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%