Innergex Renewable Energy Inc (INE.CA) Stock Fundamental Analysis
Canada - TSX:INE - CA45790B1040 - Common Stock
13.74 CAD
0 (0%)
Overall INE gets a fundamental rating of 3 out of 10. We evaluated INE against 34 industry peers in the Independent Power and Renewable Electricity Producers industry. INE has a medium profitability rating, but doesn't score so well on its financial health evaluation. INE 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 was profitable.
INE had a positive operating cash flow in the past year.
INE had negative earnings in 4 of the past 5 years.
In the past 5 years INE always reported a positive cash flow from operatings.
1.2 Ratios
INE has a Return On Assets of 0.42%. This is in the better half of the industry: INE outperforms 67.57% of its industry peers.
Looking at the Return On Equity, with a value of 3.63%, INE is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
The Return On Invested Capital of INE (2.80%) is better than 67.57% of its industry peers.
INE had an Average Return On Invested Capital over the past 3 years of 2.87%. This is in line with the industry average of 4.58%.
| 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
The Profit Margin of INE (3.69%) is better than 72.97% of its industry peers.
Looking at the Operating Margin, with a value of 31.18%, INE is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
In the last couple of years the Operating Margin of INE has declined.
INE has a better Gross Margin (77.74%) than 86.49% of its industry peers.
INE'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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), INE 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.
The debt/assets ratio for INE has been reduced compared to a year ago.
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.
With a Altman-Z score value of 0.12, INE perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
INE has a Debt/Equity ratio of 5.56. This is a high value indicating a heavy dependency on external financing.
INE has a better Debt to Equity ratio (5.56) 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 has a Current ratio of 0.67. This is comparable 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.
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
INE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 600.00%, which is quite impressive.
INE shows a small growth in Revenue. In the last year, the Revenue has grown by 0.97%.
Measured over the past years, INE shows a quite strong growth in Revenue. The Revenue has been growing by 13.46% on average per year.
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
The Revenue is expected to grow by 4.53% on average over the next years.
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.
Compared to the rest of the industry, the Price/Earnings ratio of INE indicates a somewhat cheap valuation: INE is cheaper than 70.27% of the companies listed in the same industry.
INE is valuated expensively when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
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
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INE is on the same level as its industry peers.
| 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.
INE's Dividend Yield is slightly below the industry average, which is at 5.44.
Compared to an average S&P500 Dividend Yield of 2.37, INE has a dividend comparable with the average S&P500 company.
| 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.
INE'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%
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.