Innergex Renewable Energy Inc (INE.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:INE • CA45790B1040
13.74 CAD
0 (0%)
Last: Jul 22, 2025, 07:00 PM
Taking everything into account, INE scores 3 out of 10 in our fundamental rating. INE was compared to 33 industry peers in the Independent Power and Renewable Electricity Producers industry. While INE is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, INE is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year INE was profitable.
- INE had a positive operating cash flow in the past year.
- In the past 5 years INE reported 4 times negative net income.
- INE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- INE has a better Return On Assets (0.42%) than 67.57% of its industry peers.
- INE has a Return On Equity of 3.63%. This is in the better half of the industry: INE outperforms 70.27% of its industry peers.
- INE's Return On Invested Capital of 2.80% is fine compared to the rest of the industry. INE outperforms 67.57% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for INE is in line with the industry average of 3.78%.
| 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 has a Profit Margin of 3.69%. This is in the better half of the industry: INE outperforms 72.97% of its industry peers.
- INE has a Operating Margin of 31.18%. This is in the better half of the industry: INE outperforms 70.27% of its industry peers.
- INE's Operating Margin has declined in the last couple of years.
- The Gross Margin of INE (77.74%) is better than 86.49% of its industry peers.
- In the last couple of years the Gross Margin of INE 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 is destroying value.
- Compared to 1 year ago, INE has less shares outstanding
- INE has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, INE has an improved debt to assets ratio.
2.2 Solvency
- INE has an Altman-Z score of 0.12. This is a bad value and indicates that INE is not financially healthy and even has some risk of bankruptcy.
- INE's Altman-Z score of 0.12 is in line compared to the rest of the industry. INE outperforms 59.46% of its industry peers.
- INE 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 (5.56) is better than 62.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.56 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.12 |
ROIC/WACC0.57
WACC4.93%
2.3 Liquidity
- INE has a Current Ratio of 0.67. This is a bad value and indicates that INE 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 is in line with its industry, outperforming 56.76% of the companies in the same industry.
- INE has a Quick Ratio of 0.67. This is a bad value and indicates that INE is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.67, INE is in line with its industry, outperforming 59.46% 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.
- Looking at the last year, INE shows a small growth in Revenue. The Revenue has grown by 0.97% in the last year.
- INE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.46% yearly.
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 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 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 39.26, which means the current valuation is very expensive for INE.
- INE's Price/Earnings ratio is a bit cheaper when compared to the industry. INE is cheaper than 70.27% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.18, INE is valued a bit more expensive.
- The Forward Price/Earnings Ratio is negative for INE. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.26 | ||
| Fwd PE | N/A |
4.2 Price Multiples
- INE's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.8 |
4.3 Compensation for Growth
- INE'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 has a Yearly Dividend Yield of 2.62%.
- INE's Dividend Yield is slightly below the industry average, which is at 3.73.
- Compared to an average S&P500 Dividend Yield of 1.83, INE 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 decreases each year by -7.77%.
- INE has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-7.77%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 198.45% of the earnings are spent on dividend by INE. This is not a sustainable payout ratio.
- The Dividend Rate of INE has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP198.45%
EPS Next 2Y-45.82%
EPS Next 3Y-14.66%
TSX:INE (7/22/2025, 7:00:00 PM)
13.74
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 Cap2.79B
Revenue(TTM)1.08B
Net Income(TTM)39.73M
Analysts72
Price Target12.81 (-6.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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%
PT rev (3m)0%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.26 | ||
| Fwd PE | N/A | ||
| P/S | 2.59 | ||
| P/FCF | N/A | ||
| P/OCF | 10 | ||
| P/B | 2.55 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.8 |
EPS(TTM)0.35
EY2.55%
EPS(NY)-0.03
Fwd EYN/A
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)1.37
OCFY10%
SpS5.3
BVpS5.39
TBVpS-0.92
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
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 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 | 0.12 |
F-Score6
WACC4.93%
ROIC/WACC0.57
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 Energy Inc / INE.CA FAQ
What is the ChartMill fundamental rating of Innergex Renewable Energy Inc (INE.CA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to INE.CA.
What is the valuation status of Innergex Renewable Energy Inc (INE.CA) stock?
ChartMill assigns a valuation rating of 1 / 10 to Innergex Renewable Energy Inc (INE.CA). This can be considered as Overvalued.
Can you provide the profitability details for Innergex Renewable Energy Inc?
Innergex Renewable Energy Inc (INE.CA) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for INE stock?
The Price/Earnings (PE) ratio for Innergex Renewable Energy Inc (INE.CA) is 39.26 and the Price/Book (PB) ratio is 2.55.
What is the expected EPS growth for Innergex Renewable Energy Inc (INE.CA) stock?
The Earnings per Share (EPS) of Innergex Renewable Energy Inc (INE.CA) is expected to decline by -72.81% in the next year.