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 34 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of NPI-PR-A while its profitability can be described as average. NPI-PR-A has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year NPI-PR-A was profitable.
In the past year NPI-PR-A had a positive cash flow from operations.
Of the past 5 years NPI-PR-A 4 years were profitable.
NPI-PR-A had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.82%, NPI-PR-A is in the better half of the industry, outperforming 73.53% of the companies in the same industry.
Looking at the Return On Equity, with a value of 5.89%, NPI-PR-A is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
The Return On Invested Capital of NPI-PR-A (3.83%) is better than 76.47% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NPI-PR-A is in line with the industry average of 5.58%.
| 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 79.41% of its industry peers.
In the last couple of years the Profit Margin of NPI-PR-A has declined.
NPI-PR-A has a better Operating Margin (32.20%) than 73.53% of its industry peers.
NPI-PR-A's Operating Margin has declined in the last couple of years.
NPI-PR-A's Gross Margin of 96.36% is amongst the best of the industry. NPI-PR-A outperforms 97.06% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NPI-PR-A is destroying value.
NPI-PR-A has more shares outstanding than it did 1 year ago.
NPI-PR-A has more shares outstanding than it did 5 years ago.
NPI-PR-A has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of 0.58, we must say that NPI-PR-A is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NPI-PR-A (0.58) is better than 76.47% 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 Debt to FCF ratio of 9.17. This is amongst the best in the industry. NPI-PR-A outperforms 88.24% of its industry peers.
A Debt/Equity ratio of 1.41 is on the high side and indicates that NPI-PR-A has dependencies on debt financing.
NPI-PR-A has a better Debt to Equity ratio (1.41) than 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 9.17 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.72
WACC5.3%
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 64.71% of the companies in the same industry.
NPI-PR-A has a Quick 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.
Looking at the Quick ratio, with a value of 0.95, NPI-PR-A is in the better half of the industry, outperforming 67.65% 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.
Measured over the past years, NPI-PR-A shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.41% on average per year.
Looking at the last year, NPI-PR-A shows a decrease in Revenue. The Revenue has decreased by -5.22% in the last year.
The Revenue has been growing slightly by 7.27% on average over the past years.
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
NPI-PR-A is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.63% yearly.
Based on estimates for the next years, NPI-PR-A will show a small growth in Revenue. The Revenue will grow by 3.60% on average per year.
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.63%
Revenue Next Year0%
Revenue Next 2Y4.15%
Revenue Next 3Y3.86%
Revenue Next 5Y3.6%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
NPI-PR-A is valuated rather expensively with a Price/Earnings ratio of 23.73.
Based on the Price/Earnings ratio, NPI-PR-A is valued a bit cheaper than the industry average as 73.53% of the companies are valued more expensively.
NPI-PR-A is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.11, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.88, which indicates a correct valuation of NPI-PR-A.
82.35% of the companies in the same industry are more expensive than NPI-PR-A, based on the Price/Forward Earnings ratio.
NPI-PR-A's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.73 | ||
| Fwd PE | 12.88 |
4.2 Price Multiples
79.41% 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 91.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.74 | ||
| EV/EBITDA | 9 |
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 5.37%, which is a nice return.
NPI-PR-A's Dividend Yield is a higher than the industry average which is at 4.43.
NPI-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
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 (8/13/2025, 7:00:00 PM)
23.49
+0.01 (+0.04%)
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 Cap6.14B
Analysts78.82
Price Target29.5 (25.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
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)7.53%
PT rev (3m)-1.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.55%
Revenue NQ rev (3m)4.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.73 | ||
| Fwd PE | 12.88 | ||
| P/S | 2.74 | ||
| P/FCF | 7.74 | ||
| P/OCF | 5.31 | ||
| P/B | 1.41 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 9 |
EPS(TTM)0.99
EY4.21%
EPS(NY)1.82
Fwd EY7.77%
FCF(TTM)3.04
FCFY12.92%
OCF(TTM)4.43
OCFY18.84%
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
WACC5.3%
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 2Y4.15%
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%