NORTHLAND POWER INC (NPI.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:NPI - CA6665111002 - Common Stock
18.44 CAD
+0.14 (+0.77%)
NPI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 33 industry peers in the Independent Power and Renewable Electricity Producers industry. NPI has an average financial health and profitability rating. NPI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year NPI was profitable.
In the past year NPI had a positive cash flow from operations.
NPI had positive earnings in 4 of the past 5 years.
NPI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NPI's Return On Assets of -2.13% is in line compared to the rest of the industry. NPI outperforms 57.58% of its industry peers.
NPI has a Return On Equity of -7.29%. This is in the better half of the industry: NPI outperforms 60.61% of its industry peers.
NPI has a Return On Invested Capital of 4.02%. This is amongst the best in the industry. NPI outperforms 93.94% of its industry peers.
NPI had an Average Return On Invested Capital over the past 3 years of 4.68%. This 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 has declined.
Looking at the Operating Margin, with a value of 31.83%, NPI is in the better half of the industry, outperforming 78.79% of the companies in the same industry.
In the last couple of years the Operating Margin of NPI has declined.
NPI has a better Gross Margin (94.30%) than 100.00% of its industry peers.
In the last couple of years the Gross Margin of NPI has remained more or less at the same level.
| 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. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NPI is destroying value.
The number of shares outstanding for NPI has been increased compared to 1 year ago.
NPI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NPI has about the same debt to assets ratio.
2.2 Solvency
NPI has an Altman-Z score of 0.46. This is a bad value and indicates that NPI is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.46, NPI is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
NPI has a debt to FCF ratio of 4.96. This is a neutral value as NPI would need 4.96 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 4.96, NPI belongs to the best of the industry, outperforming 93.94% of the companies in the same industry.
NPI has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.56, NPI is in the better half of the industry, outperforming 75.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 0.46 |
ROIC/WACC0.72
WACC5.56%
2.3 Liquidity
NPI has a Current Ratio of 1.03. This is a normal value and indicates that NPI is financially healthy and should not expect problems in meeting its short term obligations.
NPI has a better Current ratio (1.03) than 78.79% of its industry peers.
NPI has a Quick Ratio of 1.03. 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 Quick ratio, with a value of 1.03, NPI belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
NPI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 255.93%, which is quite impressive.
NPI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.00% yearly.
Looking at the last year, NPI shows a decrease in Revenue. The Revenue has decreased by -4.55% in the last year.
Measured over the past years, NPI shows a small growth in Revenue. The Revenue has been growing by 7.27% on average per year.
EPS 1Y (TTM)255.93%
EPS 3Y10.66%
EPS 5Y-14%
EPS Q2Q%161.43%
Revenue 1Y (TTM)-4.55%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%13.04%
3.2 Future
NPI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.57% yearly.
The Revenue is expected to grow by 3.42% on average over the next years.
EPS Next Y-105.59%
EPS Next 2Y14.81%
EPS Next 3Y10.7%
EPS Next 5Y26.57%
Revenue Next Year-0.17%
Revenue Next 2Y2.74%
Revenue Next 3Y3.3%
Revenue Next 5Y3.42%
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
A Price/Earnings ratio of 20.04 indicates a rather expensive valuation of NPI.
Based on the Price/Earnings ratio, NPI is valued cheaper than 84.85% of the companies in the same industry.
When comparing the Price/Earnings ratio of NPI to the average of the S&P500 Index (26.92), we can say NPI is valued slightly cheaper.
NPI is valuated correctly with a Price/Forward Earnings ratio of 13.58.
Based on the Price/Forward Earnings ratio, NPI is valued cheaper than 87.88% of the companies in the same industry.
NPI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.04 | ||
| Fwd PE | 13.58 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NPI indicates a rather cheap valuation: NPI is cheaper than 93.94% of the companies listed in the same industry.
NPI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NPI is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.37 | ||
| EV/EBITDA | 7.72 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y14.81%
EPS Next 3Y10.7%
5. Dividend
5.1 Amount
NPI has a Yearly Dividend Yield of 4.03%, which is a nice return.
In the last 3 months the price of NPI has falen by -25.82%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.53, NPI has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, NPI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.03% |
5.2 History
The dividend of NPI decreases each year by -8.73%.
NPI has paid a dividend for at least 10 years, which is a reliable track record.
NPI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-8.73%
Div Incr Years0
Div Non Decr Years17
5.3 Sustainability
The earnings of NPI are negative and hence is the payout ratio. NPI will probably not be able to sustain this dividend level.
DP-91.8%
EPS Next 2Y14.81%
EPS Next 3Y10.7%
TSX:NPI (1/7/2026, 7:00:00 PM)
18.44
+0.14 (+0.77%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners39.64%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap4.82B
Revenue(TTM)2.29B
Net Income(TTM)-285.99M
Analysts73.75
Price Target23.38 (26.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.03% |
Yearly Dividend0.8
Dividend Growth(5Y)-8.73%
DP-91.8%
Div Incr Years0
Div Non Decr Years17
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)-7.41%
PT rev (3m)-17.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.35%
EPS NY rev (1m)0%
EPS NY rev (3m)-104.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.04 | ||
| Fwd PE | 13.58 | ||
| P/S | 2.1 | ||
| P/FCF | 3.37 | ||
| P/OCF | 3.09 | ||
| P/B | 1.23 | ||
| P/tB | 1.67 | ||
| EV/EBITDA | 7.72 |
EPS(TTM)0.92
EY4.99%
EPS(NY)1.36
Fwd EY7.36%
FCF(TTM)5.48
FCFY29.7%
OCF(TTM)5.96
OCFY32.32%
SpS8.76
BVpS15
TBVpS11.04
PEG (NY)N/A
PEG (5Y)N/A
Graham Number17.62
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 | 0.46 |
F-Score4
WACC5.56%
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)255.93%
EPS 3Y10.66%
EPS 5Y-14%
EPS Q2Q%161.43%
EPS Next Y-105.59%
EPS Next 2Y14.81%
EPS Next 3Y10.7%
EPS Next 5Y26.57%
Revenue 1Y (TTM)-4.55%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%13.04%
Revenue Next Year-0.17%
Revenue Next 2Y2.74%
Revenue Next 3Y3.3%
Revenue Next 5Y3.42%
EBIT growth 1Y-14.15%
EBIT growth 3Y3.6%
EBIT growth 5Y2.05%
EBIT Next Year60.46%
EBIT Next 3Y30.89%
EBIT Next 5Y18.54%
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 / NPI.CA 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 5 / 10 to NORTHLAND POWER INC (NPI.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for NORTHLAND POWER INC?
NORTHLAND POWER INC (NPI.CA) has a profitability rating of 5 / 10.
What is the valuation of NORTHLAND POWER INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NORTHLAND POWER INC (NPI.CA) is 20.04 and the Price/Book (PB) ratio is 1.23.
What is the earnings growth outlook for NORTHLAND POWER INC?
The Earnings per Share (EPS) of NORTHLAND POWER INC (NPI.CA) is expected to decline by -105.59% in the next year.