Innergex Renewable Energy Inc (INE.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:INE - CA45790B1040 - Common Stock
13.74 CAD
0 (0%)
We assign a fundamental rating of 3 out of 10 to INE. 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. INE is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
INE had positive earnings in the past year.
In the past year INE had a positive cash flow from operations.
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's Return On Assets of 0.42% is fine compared to the rest of the industry. INE outperforms 67.57% of its industry peers.
The Return On Equity of INE (3.63%) is better than 70.27% of its industry peers.
The Return On Invested Capital of INE (2.80%) is better than 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 3.81%.
| 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 better Profit Margin (3.69%) than 72.97% of its industry peers.
INE's Operating Margin of 31.18% is fine compared to the rest of the industry. INE outperforms 70.27% of its industry peers.
INE's Operating Margin has declined in the last couple of years.
INE's Gross Margin of 77.74% is amongst the best of the industry. INE outperforms 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
INE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for INE has been reduced compared to 1 year ago.
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.
A Debt/Equity ratio of 5.56 is on the high side and indicates that INE has dependencies on debt 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
A Current Ratio of 0.67 indicates that INE may have some problems paying its short term obligations.
INE's Current ratio of 0.67 is in line compared to the rest of the industry. INE outperforms 56.76% of its industry peers.
A Quick Ratio of 0.67 indicates that INE may have some problems paying its short term obligations.
INE has a Quick ratio (0.67) which is in line with its industry peers.
| 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.
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
The Earnings Per Share is expected to decrease by -14.66% on average over the next years. This is quite bad
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
With a Price/Earnings ratio of 39.26, INE can be considered very expensive at the moment.
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 26.11, INE is valued quite expensively.
INE is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.26 | ||
| Fwd PE | N/A |
4.2 Price Multiples
INE's Enterprise Value to EBITDA ratio is in line with 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%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.77, INE is paying slightly less dividend.
INE's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
5.2 History
The dividend of INE decreases each year by -7.77%.
INE has been paying a dividend for at least 10 years, so it has 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)
Earnings (Next)
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-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)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.
Can you provide the valuation status for Innergex Renewable Energy Inc?
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.
What are the PE and PB ratios of Innergex Renewable Energy Inc (INE.CA) 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.
Can you provide the expected EPS growth for INE stock?
The Earnings per Share (EPS) of Innergex Renewable Energy Inc (INE.CA) is expected to decline by -72.81% in the next year.