NORTHLAND POWER INC (NPI.CA) Fundamental Analysis & Valuation
TSX:NPI • CA6665111002
Current stock price
23.52 CAD
-0.43 (-1.8%)
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
- The Return On Assets of NPI (-1.28%) is better than 65.63% of its industry peers.
- NPI has a Return On Equity of -4.18%. This is in the better half of the industry: NPI outperforms 65.63% of its industry peers.
- NPI has a Return On Invested Capital of 4.39%. This is amongst the best in the industry. NPI outperforms 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 2.46%.
- 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 Operating Margin of 32.99%. This is amongst the best in the industry. NPI outperforms 87.50% of its industry peers.
- NPI's Operating Margin has declined in the last couple of years.
- The Gross Margin of NPI (90.41%) is better than 96.88% 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 | 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.
- Compared to 1 year ago, NPI has more shares outstanding
- Compared to 5 years ago, NPI has more shares outstanding
- NPI has a better debt/assets ratio than last year.
2.2 Solvency
- NPI has an Altman-Z score of 0.62. This is a bad value and indicates that NPI is not financially healthy and even has some risk of bankruptcy.
- NPI's Altman-Z score of 0.62 is amongst the best of the industry. NPI outperforms 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.
- A Debt/Equity ratio of 1.53 is on the high side and indicates that NPI has dependencies on debt financing.
- NPI has a Debt to Equity ratio of 1.53. This is in the better half of the industry: NPI outperforms 71.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 5.57 | ||
| Altman-Z | 0.62 |
ROIC/WACC0.81
WACC5.45%
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.
- NPI has a better Current ratio (1.07) than 75.00% of its industry peers.
- 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 has a better Quick ratio (1.07) than 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
- NPI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.04%, which is quite impressive.
- NPI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.35% yearly.
- Looking at the last year, NPI shows a small growth in Revenue. The Revenue has grown by 4.20% in the last year.
- 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
- The Earnings Per Share is expected to grow by 25.16% on average over the next years. This is a very strong growth
- Based on estimates for the next years, NPI will show a small growth in Revenue. The Revenue will grow by 1.66% on average per year.
EPS Next Y14.95%
EPS Next 2Y-1.31%
EPS Next 3Y-1.76%
EPS Next 5Y25.16%
Revenue Next Year6.85%
Revenue Next 2Y4.69%
Revenue Next 3Y2.91%
Revenue Next 5Y1.66%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. NPI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 17.29, the valuation of NPI can be described as rather expensive.
- NPI's Price/Earnings ratio is rather cheap when compared to the industry. NPI is cheaper than 90.63% of the companies in the same industry.
- NPI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.18.
- The Price/Forward Earnings ratio is 15.05, which indicates a correct valuation of NPI.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NPI indicates a rather cheap valuation: NPI is cheaper than 84.38% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of NPI to the average of the S&P500 Index (37.96), we can say NPI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.29 | ||
| Fwd PE | 15.05 |
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 87.50% 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 96.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.87 | ||
| EV/EBITDA | 8.24 |
4.3 Compensation for Growth
- NPI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of NPI may justify a higher PE ratio.
PEG (NY)1.16
PEG (5Y)N/A
EPS Next 2Y-1.31%
EPS Next 3Y-1.76%
5. NPI.CA Dividend Analysis
5.1 Amount
- NPI has a Yearly Dividend Yield of 3.00%.
- Compared to an average industry Dividend Yield of 3.33, 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 1.82.
| 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 2Y-1.31%
EPS Next 3Y-1.76%
NPI.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:NPI (4/13/2026, 7:00:00 PM)
23.52
-0.43 (-1.8%)
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 Cap6.15B
Revenue(TTM)2.44B
Net Income(TTM)-169.57M
Analysts73.33
Price Target24.71 (5.06%)
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)5.72%
PT rev (3m)5.72%
EPS NQ rev (1m)-4%
EPS NQ rev (3m)20%
EPS NY rev (1m)5.29%
EPS NY rev (3m)15.14%
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 | 17.29 | ||
| Fwd PE | 15.05 | ||
| P/S | 2.52 | ||
| P/FCF | 4.87 | ||
| P/OCF | 4.31 | ||
| P/B | 1.51 | ||
| P/tB | 2.05 | ||
| EV/EBITDA | 8.24 |
EPS(TTM)1.36
EY5.78%
EPS(NY)1.56
Fwd EY6.65%
FCF(TTM)4.83
FCFY20.52%
OCF(TTM)5.45
OCFY23.19%
SpS9.35
BVpS15.53
TBVpS11.47
PEG (NY)1.16
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 | 0.62 |
F-Score5
WACC5.45%
ROIC/WACC0.81
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 Y14.95%
EPS Next 2Y-1.31%
EPS Next 3Y-1.76%
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 Year95.95%
EBIT Next 3Y30.9%
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 7 / 10 to NORTHLAND POWER INC (NPI.CA). This can be considered as Undervalued.
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 17.29 and the Price/Book (PB) ratio is 1.51.
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%.