NORTHLAND POWER INC - NPICN 3.2 PERP (NPI-PR-A.CA) Stock Fundamental Analysis
TSX:NPI-PR-A - Toronto Stock Exchange - CA6665113081 - Currency: CAD
We assign a fundamental rating of 5 out of 10 to NPI-PR-A. NPI-PR-A was compared to 37 industry peers in the Independent Power and Renewable Electricity Producers industry. NPI-PR-A has a medium profitability rating, but doesn't score so well on its financial health evaluation. NPI-PR-A has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
NPI-PR-A had positive earnings in the past year.
NPI-PR-A had a positive operating cash flow in the past year.
NPI-PR-A had positive earnings in 4 of the past 5 years.
Each year in the past 5 years NPI-PR-A had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 1.82%, NPI-PR-A is doing good in the industry, outperforming 72.97% of the companies in the same industry.
NPI-PR-A has a better Return On Equity (5.89%) than 75.68% of its industry peers.
NPI-PR-A has a Return On Invested Capital of 3.83%. This is in the better half of the industry: NPI-PR-A outperforms 75.68% of its industry peers.
NPI-PR-A had an Average Return On Invested Capital over the past 3 years of 4.68%. This is in line with the industry average of 5.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.82% | ||
| ROE | 5.89% | ||
| ROIC | 3.83% |
ROA(3y)2.12%
ROA(5y)2.16%
ROE(3y)6.87%
ROE(5y)9.86%
ROIC(3y)4.68%
ROIC(5y)4.77%
1.3 Margins
NPI-PR-A's Profit Margin of 11.46% is fine compared to the rest of the industry. NPI-PR-A outperforms 78.38% of its industry peers.
NPI-PR-A's Profit Margin has declined in the last couple of years.
The Operating Margin of NPI-PR-A (32.20%) is better than 75.68% of its industry peers.
NPI-PR-A's Operating Margin has declined in the last couple of years.
The Gross Margin of NPI-PR-A (96.36%) is better than 94.59% of its industry peers.
In the last couple of years the Gross Margin of NPI-PR-A has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.2% | ||
| PM (TTM) | 11.46% | ||
| GM | 96.36% |
OM growth 3Y-0.41%
OM growth 5Y-4.87%
PM growth 3Y9.7%
PM growth 5Y-9.55%
GM growth 3Y0.7%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
NPI-PR-A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, NPI-PR-A has more shares outstanding
The number of shares outstanding for NPI-PR-A has been increased compared to 5 years ago.
NPI-PR-A has about the same debt/assets ratio as last year.
2.2 Solvency
NPI-PR-A has an Altman-Z score of 0.58. This is a bad value and indicates that NPI-PR-A is not financially healthy and even has some risk of bankruptcy.
NPI-PR-A has a better Altman-Z score (0.58) than 78.38% of its industry peers.
NPI-PR-A has a debt to FCF ratio of 9.17. This is a negative value and a sign of low solvency as NPI-PR-A would need 9.17 years to pay back of all of its debts.
NPI-PR-A has a better Debt to FCF ratio (9.17) than 86.49% of its industry peers.
NPI-PR-A has a Debt/Equity ratio of 1.41. This is a high value indicating a heavy dependency on external financing.
NPI-PR-A has a Debt to Equity ratio of 1.41. This is in the better half of the industry: NPI-PR-A outperforms 72.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 9.17 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.72
WACC5.29%
2.3 Liquidity
NPI-PR-A has a Current Ratio of 0.95. This is a bad value and indicates that NPI-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Current ratio value of 0.95, NPI-PR-A is doing good in the industry, outperforming 67.57% of the companies in the same industry.
A Quick Ratio of 0.95 indicates that NPI-PR-A may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.95, NPI-PR-A is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
NPI-PR-A shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 243.48%, which is quite impressive.
NPI-PR-A shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.41% yearly.
NPI-PR-A shows a decrease in Revenue. In the last year, the revenue decreased by -5.22%.
NPI-PR-A shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.27% yearly.
EPS 1Y (TTM)243.48%
EPS 3Y25.16%
EPS 5Y-7.41%
EPS Q2Q%-13.79%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%-14.1%
3.2 Future
The Earnings Per Share is expected to grow by 18.63% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.60% on average over the next years.
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.63%
Revenue Next Year0%
Revenue Next 2Y6.12%
Revenue Next 3Y3.86%
Revenue Next 5Y3.6%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.55, which indicates a rather expensive current valuation of NPI-PR-A.
Compared to the rest of the industry, the Price/Earnings ratio of NPI-PR-A indicates a somewhat cheap valuation: NPI-PR-A is cheaper than 72.97% of the companies listed in the same industry.
NPI-PR-A's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.05.
Based on the Price/Forward Earnings ratio of 12.78, the valuation of NPI-PR-A can be described as correct.
81.08% of the companies in the same industry are more expensive than NPI-PR-A, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.67, NPI-PR-A is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.55 | ||
| Fwd PE | 12.78 |
4.2 Price Multiples
78.38% of the companies in the same industry are more expensive than NPI-PR-A, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, NPI-PR-A is valued cheaply inside the industry as 89.19% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.68 | ||
| EV/EBITDA | 8.96 |
4.3 Compensation for Growth
NPI-PR-A has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.64%
EPS Next 3Y1.16%
5. Dividend
5.1 Amount
NPI-PR-A has a Yearly Dividend Yield of 5.12%, which is a nice return.
Compared to an average industry Dividend Yield of 3.86, NPI-PR-A pays a better dividend. On top of this NPI-PR-A pays more dividend than 91.89% of the companies listed in the same industry.
NPI-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.12% |
5.2 History
The dividend of NPI-PR-A decreases each year by -8.73%.
NPI-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
NPI-PR-A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.73%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
NPI-PR-A pays out 80.16% of its income as dividend. This is not a sustainable payout ratio.
DP80.16%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
NORTHLAND POWER INC - NPICN 3.2 PERP
TSX:NPI-PR-A (7/24/2025, 7:00:00 PM)
23.31
-0.04 (-0.17%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners45.17%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap6.10B
Analysts78.82
Price Target27.68 (18.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.12% |
Yearly Dividend0.8
Dividend Growth(5Y)-8.73%
DP80.16%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-15.49%
Min EPS beat(2)-54.58%
Max EPS beat(2)23.6%
EPS beat(4)2
Avg EPS beat(4)-30.08%
Min EPS beat(4)-555.97%
Max EPS beat(4)466.62%
EPS beat(8)3
Avg EPS beat(8)-77.63%
EPS beat(12)6
Avg EPS beat(12)26.97%
EPS beat(16)8
Avg EPS beat(16)9.3%
Revenue beat(2)0
Avg Revenue beat(2)-1.98%
Min Revenue beat(2)-3.22%
Max Revenue beat(2)-0.75%
Revenue beat(4)1
Avg Revenue beat(4)-0.83%
Min Revenue beat(4)-3.22%
Max Revenue beat(4)0.9%
Revenue beat(8)5
Avg Revenue beat(8)1.28%
Revenue beat(12)8
Avg Revenue beat(12)4.92%
Revenue beat(16)10
Avg Revenue beat(16)4.81%
PT rev (1m)0.91%
PT rev (3m)-0.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-2.97%
Revenue NQ rev (3m)4.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.55 | ||
| Fwd PE | 12.78 | ||
| P/S | 2.72 | ||
| P/FCF | 7.68 | ||
| P/OCF | 5.27 | ||
| P/B | 1.4 | ||
| P/tB | 1.84 | ||
| EV/EBITDA | 8.96 |
EPS(TTM)0.99
EY4.25%
EPS(NY)1.82
Fwd EY7.83%
FCF(TTM)3.04
FCFY13.02%
OCF(TTM)4.43
OCFY18.99%
SpS8.58
BVpS16.7
TBVpS12.69
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.82% | ||
| ROE | 5.89% | ||
| ROCE | 5.81% | ||
| ROIC | 3.83% | ||
| ROICexc | 4.1% | ||
| ROICexgc | 4.51% | ||
| OM | 32.2% | ||
| PM (TTM) | 11.46% | ||
| GM | 96.36% | ||
| FCFM | 35.4% |
ROA(3y)2.12%
ROA(5y)2.16%
ROE(3y)6.87%
ROE(5y)9.86%
ROIC(3y)4.68%
ROIC(5y)4.77%
ROICexc(3y)5.08%
ROICexc(5y)5.11%
ROICexgc(3y)5.64%
ROICexgc(5y)5.73%
ROCE(3y)7.11%
ROCE(5y)7.24%
ROICexcg growth 3Y-0.15%
ROICexcg growth 5Y-3.44%
ROICexc growth 3Y0.94%
ROICexc growth 5Y-3.53%
OM growth 3Y-0.41%
OM growth 5Y-4.87%
PM growth 3Y9.7%
PM growth 5Y-9.55%
GM growth 3Y0.7%
GM growth 5Y-0.28%
F-Score6
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 9.17 | ||
| Debt/EBITDA | 4.4 | ||
| Cap/Depr | 53.69% | ||
| Cap/Sales | 16.22% | ||
| Interest Coverage | 2.16 | ||
| Cash Conversion | 82.71% | ||
| Profit Quality | 308.85% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 0.58 |
F-Score6
WACC5.29%
ROIC/WACC0.72
Cap/Depr(3y)75.8%
Cap/Depr(5y)68.16%
Cap/Sales(3y)21.02%
Cap/Sales(5y)19.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)243.48%
EPS 3Y25.16%
EPS 5Y-7.41%
EPS Q2Q%-13.79%
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.63%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%-14.1%
Revenue Next Year0%
Revenue Next 2Y6.12%
Revenue Next 3Y3.86%
Revenue Next 5Y3.6%
EBIT growth 1Y-14.88%
EBIT growth 3Y3.6%
EBIT growth 5Y2.05%
EBIT Next Year58.3%
EBIT Next 3Y26.93%
EBIT Next 5Y17.09%
FCF growth 1Y-36.87%
FCF growth 3Y-25.21%
FCF growth 5Y0.79%
OCF growth 1Y-32.75%
OCF growth 3Y-13.85%
OCF growth 5Y-3.42%