NORTHLAND POWER INC - NPICN 2.19 PERP (NPI-PR-B.CA) Fundamental Analysis & Valuation
TSX:NPI-PR-B • CA6665115060
22.95 CAD
-0.16 (-0.69%)
Last: Mar 4, 2026, 07:00 PM
This NPI-PR-B.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 5 out of 10 to NPI-PR-B. NPI-PR-B was compared to 32 industry peers in the Independent Power and Renewable Electricity Producers industry. NPI-PR-B has an average financial health and profitability rating. NPI-PR-B is valued correctly, but it does not seem to be growing.
1. NPI-PR-B.CA Profitability Analysis
1.1 Basic Checks
- NPI-PR-B had positive earnings in the past year.
- In the past year NPI-PR-B had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: NPI-PR-B reported negative net income in multiple years.
- NPI-PR-B had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- NPI-PR-B's Return On Assets of -2.13% is in line compared to the rest of the industry. NPI-PR-B outperforms 59.38% of its industry peers.
- With a Return On Equity value of -7.29%, NPI-PR-B perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
- The Return On Invested Capital of NPI-PR-B (4.02%) is better than 90.63% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for NPI-PR-B is in line with the industry average of 3.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.13% | ||
| ROE | -7.29% | ||
| ROIC | 4.02% |
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
- In the last couple of years the Profit Margin of NPI-PR-B has declined.
- NPI-PR-B has a better Operating Margin (31.83%) than 81.25% of its industry peers.
- In the last couple of years the Operating Margin of NPI-PR-B has declined.
- NPI-PR-B has a Gross Margin of 94.30%. This is amongst the best in the industry. NPI-PR-B outperforms 96.88% of its industry peers.
- NPI-PR-B's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.83% | ||
| PM (TTM) | N/A | ||
| GM | 94.3% |
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. NPI-PR-B.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NPI-PR-B is destroying value.
- There is no outstanding debt for NPI-PR-B. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- Based on the Altman-Z score of 0.54, we must say that NPI-PR-B is in the distress zone and has some risk of bankruptcy.
- NPI-PR-B's Altman-Z score of 0.54 is amongst the best of the industry. NPI-PR-B outperforms 87.50% of its industry peers.
- The Debt to FCF ratio of NPI-PR-B is 4.96, which is a neutral value as it means it would take NPI-PR-B, 4.96 years of fcf income to pay off all of its debts.
- NPI-PR-B has a better Debt to FCF ratio (4.96) than 90.63% of its industry peers.
- NPI-PR-B has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
- With a decent Debt to Equity ratio value of 1.56, NPI-PR-B is doing good in the industry, outperforming 71.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.7
WACC5.77%
2.3 Liquidity
- NPI-PR-B has a Current Ratio of 1.03. This is a normal value and indicates that NPI-PR-B is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.03, NPI-PR-B is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- A Quick Ratio of 1.03 indicates that NPI-PR-B should not have too much problems paying its short term obligations.
- With a decent Quick ratio value of 1.03, NPI-PR-B is doing good in the industry, outperforming 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. NPI-PR-B.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 13.43% over the past year.
- NPI-PR-B shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.18% yearly.
EPS 1Y (TTM)13.43%
EPS 3Y-30.3%
EPS 5Y-8.18%
EPS Q2Q%50.68%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%23.98%
3.2 Future
- The Earnings Per Share is expected to grow by 28.80% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 0.11% on average over the next years.
EPS Next Y15.35%
EPS Next 2Y8.96%
EPS Next 3Y11.91%
EPS Next 5Y28.8%
Revenue Next Year5.51%
Revenue Next 2Y4.21%
Revenue Next 3Y4.93%
Revenue Next 5Y0.11%
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.
4. NPI-PR-B.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 19.62 indicates a rather expensive valuation of NPI-PR-B.
- Compared to the rest of the industry, the Price/Earnings ratio of NPI-PR-B indicates a somewhat cheap valuation: NPI-PR-B is cheaper than 78.13% of the companies listed in the same industry.
- NPI-PR-B is valuated rather cheaply when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 17.03, the valuation of NPI-PR-B can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, NPI-PR-B is valued cheaply inside the industry as 84.38% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of NPI-PR-B to the average of the S&P500 Index (25.11), we can say NPI-PR-B is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.62 | ||
| Fwd PE | 17.03 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NPI-PR-B is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
- NPI-PR-B's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NPI-PR-B is cheaper than 96.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.19 | ||
| EV/EBITDA | 8.56 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.28
PEG (5Y)N/A
EPS Next 2Y8.96%
EPS Next 3Y11.91%
5. NPI-PR-B.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.32%, NPI-PR-B has a reasonable but not impressive dividend return.
- NPI-PR-B's Dividend Yield is comparable with the industry average which is at 3.44.
- Compared to an average S&P500 Dividend Yield of 1.82, NPI-PR-B pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
5.2 History
- The dividend of NPI-PR-B decreases each year by -8.73%.
- NPI-PR-B has been paying a dividend for at least 10 years, so it has a reliable track record.
- NPI-PR-B has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.73%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- The earnings of NPI-PR-B are negative and hence is the payout ratio. NPI-PR-B will probably not be able to sustain this dividend level.
DP-91.8%
EPS Next 2Y8.96%
EPS Next 3Y11.91%
NPI-PR-B.CA Fundamentals: All Metrics, Ratios and Statistics
NORTHLAND POWER INC - NPICN 2.19 PERP
TSX:NPI-PR-B (3/4/2026, 7:00:00 PM)
22.95
-0.16 (-0.69%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-25 2026-02-25/amc
Earnings (Next)05-12 2026-05-12
Inst Owners39.64%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap6.00B
Revenue(TTM)N/A
Net Income(TTM)-285.99M
Analysts73.33
Price Target26.23 (14.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
Yearly Dividend0.8
Dividend Growth(5Y)-8.73%
DP-91.8%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-34.97%
Min EPS beat(2)-249.11%
Max EPS beat(2)179.18%
EPS beat(4)2
Avg EPS beat(4)-24.75%
Min EPS beat(4)-249.11%
Max EPS beat(4)179.18%
EPS beat(8)3
Avg EPS beat(8)-75.63%
EPS beat(12)5
Avg EPS beat(12)-48.58%
EPS beat(16)9
Avg EPS beat(16)23.41%
Revenue beat(2)1
Avg Revenue beat(2)-0.37%
Min Revenue beat(2)-2.69%
Max Revenue beat(2)1.95%
Revenue beat(4)1
Avg Revenue beat(4)-1.18%
Min Revenue beat(4)-3.22%
Max Revenue beat(4)1.95%
Revenue beat(8)4
Avg Revenue beat(8)0.37%
Revenue beat(12)7
Avg Revenue beat(12)0.85%
Revenue beat(16)11
Avg Revenue beat(16)5.36%
PT rev (1m)-14.86%
PT rev (3m)-13.45%
EPS NQ rev (1m)1.9%
EPS NQ rev (3m)-7.63%
EPS NY rev (1m)0%
EPS NY rev (3m)-107.23%
Revenue NQ rev (1m)1.45%
Revenue NQ rev (3m)2.04%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.62 | ||
| Fwd PE | 17.03 | ||
| P/S | 2.62 | ||
| P/FCF | 4.19 | ||
| P/OCF | 3.85 | ||
| P/B | 1.53 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 8.56 |
EPS(TTM)1.17
EY5.1%
EPS(NY)1.35
Fwd EY5.87%
FCF(TTM)5.48
FCFY23.87%
OCF(TTM)5.96
OCFY25.97%
SpS8.76
BVpS15
TBVpS11.04
PEG (NY)1.28
PEG (5Y)N/A
Graham Number19.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.13% | ||
| ROE | -7.29% | ||
| ROCE | 6.1% | ||
| ROIC | 4.02% | ||
| ROICexc | 4.32% | ||
| ROICexgc | 4.77% | ||
| OM | 31.83% | ||
| PM (TTM) | N/A | ||
| GM | 94.3% | ||
| FCFM | 62.51% |
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%
ROICexgc growth 3Y-0.15%
ROICexgc 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-Score4
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 4.96 | ||
| Debt/EBITDA | 4.27 | ||
| Cap/Depr | 17.96% | ||
| Cap/Sales | 5.51% | ||
| Interest Coverage | 2.04 | ||
| Cash Conversion | 108.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 0.54 |
F-Score4
WACC5.77%
ROIC/WACC0.7
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)13.43%
EPS 3Y-30.3%
EPS 5Y-8.18%
EPS Q2Q%50.68%
EPS Next Y15.35%
EPS Next 2Y8.96%
EPS Next 3Y11.91%
EPS Next 5Y28.8%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%23.98%
Revenue Next Year5.51%
Revenue Next 2Y4.21%
Revenue Next 3Y4.93%
Revenue Next 5Y0.11%
EBIT growth 1Y-14.15%
EBIT growth 3Y3.6%
EBIT growth 5Y2.05%
EBIT Next Year60.98%
EBIT Next 3Y28.56%
EBIT Next 5Y16.23%
FCF growth 1Y94.96%
FCF growth 3Y-25.21%
FCF growth 5Y0.79%
OCF growth 1Y29.88%
OCF growth 3Y-13.85%
OCF growth 5Y-3.42%
NORTHLAND POWER INC - NPICN 2.19 PERP / NPI-PR-B.CA FAQ
What is the ChartMill fundamental rating of NORTHLAND POWER INC - NPICN 2.19 PERP (NPI-PR-B.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to NPI-PR-B.CA.
What is the valuation status for NPI-PR-B stock?
ChartMill assigns a valuation rating of 5 / 10 to NORTHLAND POWER INC - NPICN 2.19 PERP (NPI-PR-B.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for NORTHLAND POWER INC - NPICN 2.19 PERP?
NORTHLAND POWER INC - NPICN 2.19 PERP (NPI-PR-B.CA) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for NPI-PR-B stock?
The Price/Earnings (PE) ratio for NORTHLAND POWER INC - NPICN 2.19 PERP (NPI-PR-B.CA) is 19.62 and the Price/Book (PB) ratio is 1.53.
Can you provide the financial health for NPI-PR-B stock?
The financial health rating of NORTHLAND POWER INC - NPICN 2.19 PERP (NPI-PR-B.CA) is 5 / 10.