INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:INE-PR-C - CA45790B7088
25 CAD
0 (0%)
Taking everything into account, INE-PR-C scores 3 out of 10 in our fundamental rating. INE-PR-C was compared to 33 industry peers in the Independent Power and Renewable Electricity Producers industry. INE-PR-C has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, INE-PR-C is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year INE-PR-C was profitable.
- In the past year INE-PR-C had a positive cash flow from operations.
- In the past 5 years INE-PR-C reported 4 times negative net income.
- Each year in the past 5 years INE-PR-C had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of INE-PR-C (0.42%) is better than 64.86% of its industry peers.
- The Return On Equity of INE-PR-C (3.63%) is better than 67.57% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 2.80%, INE-PR-C is in the better half of the industry, outperforming 64.86% of the companies in the same industry.
- INE-PR-C had an Average Return On Invested Capital over the past 3 years of 2.87%. This 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
- INE-PR-C has a better Profit Margin (3.69%) than 70.27% of its industry peers.
- INE-PR-C's Operating Margin of 31.18% is fine compared to the rest of the industry. INE-PR-C outperforms 67.57% of its industry peers.
- In the last couple of years the Operating Margin of INE-PR-C has declined.
- Looking at the Gross Margin, with a value of 77.74%, INE-PR-C belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
- INE-PR-C's Gross Margin has been stable in the last couple of years.
| 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
- INE-PR-C has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- INE-PR-C has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, INE-PR-C has more shares outstanding
- The debt/assets ratio for INE-PR-C has been reduced compared to a year ago.
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.
- With a decent Altman-Z score value of 0.28, INE-PR-C is doing good in the industry, outperforming 62.16% of the companies in the same industry.
- A Debt/Equity ratio of 5.56 is on the high side and indicates that INE-PR-C has dependencies on debt financing.
- With a Debt to Equity ratio value of 5.56, INE-PR-C perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.56 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.28 |
ROIC/WACC0.55
WACC5.12%
2.3 Liquidity
- A Current Ratio of 0.67 indicates that INE-PR-C may have some problems paying its short term obligations.
- INE-PR-C's Current ratio of 0.67 is in line compared to the rest of the industry. INE-PR-C outperforms 54.05% 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.
- With a Quick ratio value of 0.67, INE-PR-C perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 600.00% over the past year.
- INE-PR-C 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
- The Earnings Per Share is expected to decrease by -14.66% on average over the next years. This is quite bad
- 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
- The Price/Earnings ratio is 71.43, which means the current valuation is very expensive for INE-PR-C.
- Based on the Price/Earnings ratio, INE-PR-C is valued a bit cheaper than 62.16% of the companies in the same industry.
- INE-PR-C is valuated expensively when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
- INE-PR-C is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 71.43 | ||
| Fwd PE | N/A |
4.2 Price Multiples
- INE-PR-C's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.97 |
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
- With a Yearly Dividend Yield of 2.62%, INE-PR-C has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.52, INE-PR-C has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, INE-PR-C pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
5.2 History
- The dividend of INE-PR-C decreases each year by -7.77%.
- INE-PR-C has paid a dividend for at least 10 years, which is 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
- INE-PR-C pays out 198.45% of its income as dividend. 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 / INE-PR-C.CA FAQ
Can you provide the ChartMill fundamental rating for INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP?
ChartMill assigns a fundamental rating of 3 / 10 to INE-PR-C.CA.
What is the valuation status of INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) stock?
ChartMill assigns a valuation rating of 1 / 10 to INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA). This can be considered as Overvalued.
What is the profitability of INE-PR-C stock?
INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) has a profitability rating of 5 / 10.
Can you provide the financial health for INE-PR-C stock?
The financial health rating of INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) is 2 / 10.
How sustainable is the dividend of INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) stock?
The dividend rating of INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) is 3 / 10 and the dividend payout ratio is 198.45%.