NORTHLAND POWER INC - NPICN 2.64 PERP (NPI-PR-B.CA) Stock Fundamental Analysis
TSX:NPI-PR-B - Toronto Stock Exchange - CA6665115060 - Currency: CAD
Taking everything into account, NPI-PR-B scores 5 out of 10 in our fundamental rating. NPI-PR-B was compared to 37 industry peers in the Independent Power and Renewable Electricity Producers industry. While NPI-PR-B belongs to the best of the industry regarding profitability, there are concerns on its financial health. NPI-PR-B has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year NPI-PR-B was profitable.
In the past year NPI-PR-B had a positive cash flow from operations.
Of the past 5 years NPI-PR-B 4 years were profitable.
In the past 5 years NPI-PR-B always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of NPI-PR-B (1.82%) is better than 81.08% of its industry peers.
NPI-PR-B has a Return On Equity of 5.89%. This is amongst the best in the industry. NPI-PR-B outperforms 83.78% of its industry peers.
NPI-PR-B has a better Return On Invested Capital (3.83%) than 81.08% 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 3.85%.
| 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
With an excellent Profit Margin value of 11.46%, NPI-PR-B belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
In the last couple of years the Profit Margin of NPI-PR-B has declined.
NPI-PR-B has a better Operating Margin (32.20%) than 81.08% of its industry peers.
NPI-PR-B's Operating Margin has declined in the last couple of years.
NPI-PR-B has a better Gross Margin (96.36%) than 97.30% of its industry peers.
NPI-PR-B's Gross Margin has been stable in the last couple of years.
| 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-B is destroying value.
Compared to 1 year ago, NPI-PR-B has more shares outstanding
The number of shares outstanding for NPI-PR-B has been increased compared to 5 years ago.
NPI-PR-B has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of 0.53, we must say that NPI-PR-B is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.53, NPI-PR-B is doing good in the industry, outperforming 72.97% of the companies in the same industry.
The Debt to FCF ratio of NPI-PR-B is 9.17, which is on the high side as it means it would take NPI-PR-B, 9.17 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 9.17, NPI-PR-B belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
A Debt/Equity ratio of 1.41 is on the high side and indicates that NPI-PR-B has dependencies on debt financing.
NPI-PR-B has a Debt to Equity ratio of 1.41. This is in the better half of the industry: NPI-PR-B outperforms 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 9.17 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.76
WACC5.06%
2.3 Liquidity
NPI-PR-B has a Current Ratio of 0.95. This is a bad value and indicates that NPI-PR-B 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-B is doing good in the industry, outperforming 72.97% of the companies in the same industry.
A Quick Ratio of 0.95 indicates that NPI-PR-B may have some problems paying its short term obligations.
NPI-PR-B's Quick ratio of 0.95 is fine compared to the rest of the industry. NPI-PR-B outperforms 75.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 243.48% over the past year.
Measured over the past years, NPI-PR-B 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-B shows a decrease in Revenue. The Revenue has decreased by -5.22% in the last year.
NPI-PR-B 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
NPI-PR-B is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.02% yearly.
The Revenue is expected to grow by 3.41% on average over the next years.
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.02%
Revenue Next Year0%
Revenue Next 2Y6.12%
Revenue Next 3Y3.86%
Revenue Next 5Y3.41%
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.
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
NPI-PR-B is valuated rather expensively with a Price/Earnings ratio of 20.96.
Based on the Price/Earnings ratio, NPI-PR-B is valued cheaper than 81.08% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.29, NPI-PR-B is valued a bit cheaper.
The Price/Forward Earnings ratio is 11.38, which indicates a very decent valuation of NPI-PR-B.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NPI-PR-B indicates a rather cheap valuation: NPI-PR-B is cheaper than 83.78% of the companies listed in the same industry.
NPI-PR-B's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.17.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.96 | ||
| Fwd PE | 11.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NPI-PR-B is valued cheaply inside the industry as 83.78% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NPI-PR-B indicates a rather cheap valuation: NPI-PR-B is cheaper than 94.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.84 | ||
| EV/EBITDA | 8.48 |
4.3 Compensation for Growth
NPI-PR-B 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-B has a Yearly Dividend Yield of 5.77%, which is a nice return.
NPI-PR-B's Dividend Yield is rather good when compared to the industry average which is at 4.41. NPI-PR-B pays more dividend than 86.49% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, NPI-PR-B pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.77% |
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
NPI-PR-B 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 2.64 PERP
TSX:NPI-PR-B (6/2/2025, 7:00:00 PM)
20.75
+0.08 (+0.39%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners45.22%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap5.43B
Analysts77.65
Price Target31.28 (50.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.77% |
Yearly Dividend0.8
Dividend Growth(5Y)-8.73%
DP80.16%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.54%
Min EPS beat(2)-43.23%
Max EPS beat(2)14.15%
EPS beat(4)2
Avg EPS beat(4)-29.6%
Min EPS beat(4)-555.97%
Max EPS beat(4)466.62%
EPS beat(8)3
Avg EPS beat(8)-77.39%
EPS beat(12)6
Avg EPS beat(12)27.13%
EPS beat(16)8
Avg EPS beat(16)9.42%
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)3.61%
PT rev (3m)-5.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)6.74%
Revenue NQ rev (1m)8.02%
Revenue NQ rev (3m)22.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.96 | ||
| Fwd PE | 11.38 | ||
| P/S | 2.42 | ||
| P/FCF | 6.84 | ||
| P/OCF | 4.69 | ||
| P/B | 1.24 | ||
| P/tB | 1.63 | ||
| EV/EBITDA | 8.48 |
EPS(TTM)0.99
EY4.77%
EPS(NY)1.82
Fwd EY8.79%
FCF(TTM)3.04
FCFY14.63%
OCF(TTM)4.43
OCFY21.33%
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 | 0.53 |
F-Score6
WACC5.06%
ROIC/WACC0.76
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 5Y18.02%
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 5Y3.41%
EBIT growth 1Y-14.88%
EBIT growth 3Y3.6%
EBIT growth 5Y2.05%
EBIT Next Year58.3%
EBIT Next 3Y26.93%
EBIT Next 5Y16.83%
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%