NORTHLAND POWER INC (NPI.CA) Fundamental Analysis & Valuation
TSX:NPI • CA6665111002
Current stock price
23.95 CAD
-0.05 (-0.21%)
Last:
This NPI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. NPI.CA Profitability Analysis
1.1 Basic Checks
- NPI had positive earnings in the past year.
- In the past year NPI had a positive cash flow from operations.
- In multiple years NPI reported negative net income over the last 5 years.
- Each year in the past 5 years NPI had a positive operating cash flow.
1.2 Ratios
- NPI's Return On Assets of -1.28% is fine compared to the rest of the industry. NPI outperforms 62.50% of its industry peers.
- Looking at the Return On Equity, with a value of -4.18%, NPI is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
- The Return On Invested Capital of NPI (4.39%) is better than 93.75% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NPI is in line with the industry average of 2.54%.
- The 3 year average ROIC (4.29%) for NPI is below the current ROIC(4.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -4.18% | ||
| ROIC | 4.39% |
ROA(3y)-0.22%
ROA(5y)1.29%
ROE(3y)-0.72%
ROE(5y)4.58%
ROIC(3y)4.29%
ROIC(5y)4.57%
1.3 Margins
- NPI has a better Operating Margin (32.99%) than 87.50% of its industry peers.
- NPI's Operating Margin has declined in the last couple of years.
- NPI has a Gross Margin of 90.41%. This is amongst the best in the industry. NPI outperforms 96.88% of its industry peers.
- NPI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.99% | ||
| PM (TTM) | N/A | ||
| GM | 90.41% |
OM growth 3Y-8.06%
OM growth 5Y-4.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.54%
GM growth 5Y0.05%
2. NPI.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NPI is destroying value.
- NPI has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, NPI has more shares outstanding
- The debt/assets ratio for NPI has been reduced compared to a year ago.
2.2 Solvency
- NPI has an Altman-Z score of 0.63. This is a bad value and indicates that NPI is not financially healthy and even has some risk of bankruptcy.
- NPI has a better Altman-Z score (0.63) than 87.50% of its industry peers.
- The Debt to FCF ratio of NPI is 5.57, which is a neutral value as it means it would take NPI, 5.57 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 5.57, NPI belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
- NPI has a Debt/Equity ratio of 1.53. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of NPI (1.53) is better than 71.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 5.57 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.77
WACC5.7%
2.3 Liquidity
- NPI has a Current Ratio of 1.07. This is a normal value and indicates that NPI is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.07, NPI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- NPI has a Quick Ratio of 1.07. This is a normal value and indicates that NPI is financially healthy and should not expect problems in meeting its short term obligations.
- NPI's Quick ratio of 1.07 is fine compared to the rest of the industry. NPI outperforms 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.07 |
3. NPI.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 32.04% over the past year.
- The Earnings Per Share has been decreasing by -5.35% on average over the past years.
- NPI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.20%.
- The Revenue has been growing slightly by 3.48% on average over the past years.
EPS 1Y (TTM)32.04%
EPS 3Y-26.68%
EPS 5Y-5.35%
EPS Q2Q%89.8%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y-0.05%
Revenue growth 5Y3.48%
Sales Q2Q%26.82%
3.2 Future
- Based on estimates for the next years, NPI will show a very strong growth in Earnings Per Share. The EPS will grow by 25.16% on average per year.
- The Revenue is expected to grow by 1.66% on average over the next years.
EPS Next Y9.17%
EPS Next 2Y2.33%
EPS Next 3Y0.17%
EPS Next 5Y25.16%
Revenue Next Year6.85%
Revenue Next 2Y4.69%
Revenue Next 3Y2.91%
Revenue Next 5Y1.66%
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. NPI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 17.61, the valuation of NPI can be described as rather expensive.
- Based on the Price/Earnings ratio, NPI is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
- NPI is valuated rather cheaply when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 16.13 indicates a correct valuation of NPI.
- NPI's Price/Forward Earnings ratio is rather cheap when compared to the industry. NPI is cheaper than 84.38% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, NPI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.61 | ||
| Fwd PE | 16.13 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NPI is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
- NPI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NPI is cheaper than 96.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.96 | ||
| EV/EBITDA | 8.32 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- NPI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.92
PEG (5Y)N/A
EPS Next 2Y2.33%
EPS Next 3Y0.17%
5. NPI.CA Dividend Analysis
5.1 Amount
- NPI has a Yearly Dividend Yield of 3.00%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.39, NPI has a dividend in line with its industry peers.
- NPI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
5.2 History
- The dividend of NPI decreases each year by -1.56%.
- NPI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.56%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- NPI has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-172.39%
EPS Next 2Y2.33%
EPS Next 3Y0.17%
NPI.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:NPI (4/10/2026, 7:00:00 PM)
23.95
-0.05 (-0.21%)
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 Owners40.43%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap6.26B
Revenue(TTM)2.44B
Net Income(TTM)-169.57M
Analysts73.33
Price Target24.71 (3.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
Yearly Dividend1.12
Dividend Growth(5Y)-1.56%
DP-172.39%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31 2026-03-31 (0.06)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)147.16%
Min EPS beat(2)115.14%
Max EPS beat(2)179.18%
EPS beat(4)2
Avg EPS beat(4)0.49%
Min EPS beat(4)-249.11%
Max EPS beat(4)179.18%
EPS beat(8)4
Avg EPS beat(8)-15.17%
EPS beat(12)5
Avg EPS beat(12)-51.74%
EPS beat(16)9
Avg EPS beat(16)29.61%
Revenue beat(2)2
Avg Revenue beat(2)4.24%
Min Revenue beat(2)1.95%
Max Revenue beat(2)6.54%
Revenue beat(4)2
Avg Revenue beat(4)0.65%
Min Revenue beat(4)-3.22%
Max Revenue beat(4)6.54%
Revenue beat(8)4
Avg Revenue beat(8)1.07%
Revenue beat(12)7
Avg Revenue beat(12)0.89%
Revenue beat(16)11
Avg Revenue beat(16)5.06%
PT rev (1m)4.13%
PT rev (3m)4.13%
EPS NQ rev (1m)-4%
EPS NQ rev (3m)20%
EPS NY rev (1m)0%
EPS NY rev (3m)9.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)1.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.61 | ||
| Fwd PE | 16.13 | ||
| P/S | 2.56 | ||
| P/FCF | 4.96 | ||
| P/OCF | 4.39 | ||
| P/B | 1.54 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 8.32 |
EPS(TTM)1.36
EY5.68%
EPS(NY)1.48
Fwd EY6.2%
FCF(TTM)4.83
FCFY20.15%
OCF(TTM)5.45
OCFY22.77%
SpS9.35
BVpS15.53
TBVpS11.47
PEG (NY)1.92
PEG (5Y)N/A
Graham Number21.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -4.18% | ||
| ROCE | 6.67% | ||
| ROIC | 4.39% | ||
| ROICexc | 4.64% | ||
| ROICexgc | 5.12% | ||
| OM | 32.99% | ||
| PM (TTM) | N/A | ||
| GM | 90.41% | ||
| FCFM | 51.62% |
ROA(3y)-0.22%
ROA(5y)1.29%
ROE(3y)-0.72%
ROE(5y)4.58%
ROIC(3y)4.29%
ROIC(5y)4.57%
ROICexc(3y)4.53%
ROICexc(5y)4.92%
ROICexgc(3y)4.98%
ROICexgc(5y)5.47%
ROCE(3y)6.52%
ROCE(5y)6.94%
ROICexgc growth 3Y-10.38%
ROICexgc growth 5Y-4.39%
ROICexc growth 3Y-9.7%
ROICexc growth 5Y-3.69%
OM growth 3Y-8.06%
OM growth 5Y-4.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.54%
GM growth 5Y0.05%
F-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 5.57 | ||
| Debt/EBITDA | 4.09 | ||
| Cap/Depr | 22.95% | ||
| Cap/Sales | 6.72% | ||
| Interest Coverage | 2.57 | ||
| Cash Conversion | 93.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 0.63 |
F-Score5
WACC5.7%
ROIC/WACC0.77
Cap/Depr(3y)57.56%
Cap/Depr(5y)64.84%
Cap/Sales(3y)16.65%
Cap/Sales(5y)18.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.04%
EPS 3Y-26.68%
EPS 5Y-5.35%
EPS Q2Q%89.8%
EPS Next Y9.17%
EPS Next 2Y2.33%
EPS Next 3Y0.17%
EPS Next 5Y25.16%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y-0.05%
Revenue growth 5Y3.48%
Sales Q2Q%26.82%
Revenue Next Year6.85%
Revenue Next 2Y4.69%
Revenue Next 3Y2.91%
Revenue Next 5Y1.66%
EBIT growth 1Y-4.71%
EBIT growth 3Y-8.11%
EBIT growth 5Y-0.85%
EBIT Next Year94.02%
EBIT Next 3Y33.84%
EBIT Next 5Y18.86%
FCF growth 1Y164.7%
FCF growth 3Y-2.17%
FCF growth 5Y2.88%
OCF growth 1Y38.6%
OCF growth 3Y-8.02%
OCF growth 5Y1.53%
NORTHLAND POWER INC / NPI.CA Fundamental Analysis FAQ
What is the fundamental rating for NPI stock?
ChartMill assigns a fundamental rating of 5 / 10 to NPI.CA.
What is the valuation status of NORTHLAND POWER INC (NPI.CA) stock?
ChartMill assigns a valuation rating of 6 / 10 to NORTHLAND POWER INC (NPI.CA). This can be considered as Fairly Valued.
What is the profitability of NPI stock?
NORTHLAND POWER INC (NPI.CA) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for NPI stock?
The Price/Earnings (PE) ratio for NORTHLAND POWER INC (NPI.CA) is 17.61 and the Price/Book (PB) ratio is 1.54.
Can you provide the dividend sustainability for NPI stock?
The dividend rating of NORTHLAND POWER INC (NPI.CA) is 3 / 10 and the dividend payout ratio is -172.39%.