POLARIS RENEWABLE ENERGY INC (PIF.CA) Fundamental Analysis & Valuation
TSX:PIF • CA73108L1013
12.01 CAD
-0.16 (-1.31%)
Last: Mar 6, 2026, 07:00 PM
This PIF.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 PIF. PIF was compared to 32 industry peers in the Independent Power and Renewable Electricity Producers industry. PIF has an average financial health and profitability rating. PIF has a decent growth rate and is not valued too expensively.
1. PIF.CA Profitability Analysis
1.1 Basic Checks
- PIF had positive earnings in the past year.
- PIF had a positive operating cash flow in the past year.
- Of the past 5 years PIF 4 years were profitable.
- In the past 5 years PIF always reported a positive cash flow from operatings.
1.2 Ratios
- With a decent Return On Assets value of -2.06%, PIF is doing good in the industry, outperforming 65.63% of the companies in the same industry.
- PIF's Return On Equity of -4.71% is fine compared to the rest of the industry. PIF outperforms 75.00% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 3.65%, PIF belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
- PIF had an Average Return On Invested Capital over the past 3 years of 3.16%. This is in line with the industry average of 3.78%.
- The 3 year average ROIC (3.16%) for PIF is below the current ROIC(3.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.06% | ||
| ROE | -4.71% | ||
| ROIC | 3.65% |
ROA(3y)1.06%
ROA(5y)1.83%
ROE(3y)2.15%
ROE(5y)3.85%
ROIC(3y)3.16%
ROIC(5y)3.41%
1.3 Margins
- In the last couple of years the Profit Margin of PIF has declined.
- Looking at the Operating Margin, with a value of 32.97%, PIF belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
- PIF's Operating Margin has declined in the last couple of years.
- The Gross Margin of PIF (46.49%) is worse than 68.75% of its industry peers.
- PIF's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.97% | ||
| PM (TTM) | N/A | ||
| GM | 46.49% |
OM growth 3Y6.86%
OM growth 5Y-7.7%
PM growth 3Y67.36%
PM growth 5Y-27.97%
GM growth 3Y3.85%
GM growth 5Y-3.87%
2. PIF.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PIF is destroying value.
- There is no outstanding debt for PIF. 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
- PIF has an Altman-Z score of -0.28. This is a bad value and indicates that PIF is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of -0.28, PIF perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
- The Debt to FCF ratio of PIF is 5.83, which is a neutral value as it means it would take PIF, 5.83 years of fcf income to pay off all of its debts.
- PIF has a better Debt to FCF ratio (5.83) than 84.38% of its industry peers.
- A Debt/Equity ratio of 0.90 indicates that PIF is somewhat dependend on debt financing.
- PIF has a better Debt to Equity ratio (0.90) than 90.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 5.83 | ||
| Altman-Z | -0.28 |
ROIC/WACC0.54
WACC6.76%
2.3 Liquidity
- PIF has a Current Ratio of 3.47. This indicates that PIF is financially healthy and has no problem in meeting its short term obligations.
- PIF has a better Current ratio (3.47) than 90.63% of its industry peers.
- PIF has a Quick Ratio of 3.47. This indicates that PIF is financially healthy and has no problem in meeting its short term obligations.
- PIF has a better Quick ratio (3.47) than 90.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.47 | ||
| Quick Ratio | 3.47 |
3. PIF.CA Growth Analysis
3.1 Past
- PIF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 280.00%, which is quite impressive.
- PIF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.63% yearly.
EPS 1Y (TTM)280%
EPS 3Y63.67%
EPS 5Y-19.63%
EPS Q2Q%315.38%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.83%
3.2 Future
- The Earnings Per Share is expected to grow by 29.74% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 7.02% on average over the next years.
EPS Next Y-15.66%
EPS Next 2Y29.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.98%
Revenue Next 2Y7.02%
Revenue Next 3YN/A
Revenue Next 5YN/A
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. PIF.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.40, PIF is valued correctly.
- Compared to the rest of the industry, the Price/Earnings ratio of PIF indicates a rather cheap valuation: PIF is cheaper than 84.38% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.29. PIF is valued slightly cheaper when compared to this.
- PIF is valuated rather expensively with a Price/Forward Earnings ratio of 18.34.
- Based on the Price/Forward Earnings ratio, PIF is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, PIF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.4 | ||
| Fwd PE | 18.34 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PIF is valued cheaper than 100.00% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, PIF is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.87 | ||
| EV/EBITDA | 5.56 |
4.3 Compensation for Growth
- A more expensive valuation may be justified as PIF's earnings are expected to grow with 29.74% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.74%
EPS Next 3YN/A
5. PIF.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.06%, PIF is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 3.43, PIF pays a better dividend. On top of this PIF pays more dividend than 93.75% of the companies listed in the same industry.
- PIF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.06% |
5.2 History
- The dividend of PIF decreases each year by -0.01%.
- PIF has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- PIF has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-111.16%
EPS Next 2Y29.74%
EPS Next 3YN/A
PIF.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PIF (3/6/2026, 7:00:00 PM)
12.01
-0.16 (-1.31%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-19 2026-02-19/bmo
Earnings (Next)04-29 2026-04-29
Inst Owners22.44%
Inst Owner ChangeN/A
Ins Owners3.21%
Ins Owner ChangeN/A
Market Cap251.01M
Revenue(TTM)N/A
Net Income(TTM)-11.36M
Analysts82.22
Price Target23.72 (97.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.06% |
Yearly Dividend0.82
Dividend Growth(5Y)-0.01%
DP-111.16%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-17 2026-02-17 (0.15)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-99%
Min EPS beat(2)-130.46%
Max EPS beat(2)-67.54%
EPS beat(4)1
Avg EPS beat(4)-87.12%
Min EPS beat(4)-265.02%
Max EPS beat(4)114.52%
EPS beat(8)2
Avg EPS beat(8)-50.37%
EPS beat(12)5
Avg EPS beat(12)-12.14%
EPS beat(16)6
Avg EPS beat(16)-35.4%
Revenue beat(2)0
Avg Revenue beat(2)-2.43%
Min Revenue beat(2)-3.83%
Max Revenue beat(2)-1.03%
Revenue beat(4)0
Avg Revenue beat(4)-2.64%
Min Revenue beat(4)-5.25%
Max Revenue beat(4)-0.45%
Revenue beat(8)1
Avg Revenue beat(8)-3%
Revenue beat(12)2
Avg Revenue beat(12)-2.58%
Revenue beat(16)2
Avg Revenue beat(16)-2.87%
PT rev (1m)-3.12%
PT rev (3m)-3.93%
EPS NQ rev (1m)-10.34%
EPS NQ rev (3m)-15.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-51.39%
Revenue NQ rev (1m)-4.41%
Revenue NQ rev (3m)-6.1%
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.4 | ||
| Fwd PE | 18.34 | ||
| P/S | 2.31 | ||
| P/FCF | 4.87 | ||
| P/OCF | 4.81 | ||
| P/B | 0.76 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 5.56 |
EPS(TTM)0.78
EY6.49%
EPS(NY)0.65
Fwd EY5.45%
FCF(TTM)2.46
FCFY20.52%
OCF(TTM)2.5
OCFY20.8%
SpS5.2
BVpS15.72
TBVpS11.93
PEG (NY)N/A
PEG (5Y)N/A
Graham Number16.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.06% | ||
| ROE | -4.71% | ||
| ROCE | 5.07% | ||
| ROIC | 3.65% | ||
| ROICexc | 4.46% | ||
| ROICexgc | 5.17% | ||
| OM | 32.97% | ||
| PM (TTM) | N/A | ||
| GM | 46.49% | ||
| FCFM | 47.4% |
ROA(3y)1.06%
ROA(5y)1.83%
ROE(3y)2.15%
ROE(5y)3.85%
ROIC(3y)3.16%
ROIC(5y)3.41%
ROICexc(3y)3.83%
ROICexc(5y)4.1%
ROICexgc(3y)4.5%
ROICexgc(5y)4.61%
ROCE(3y)4.39%
ROCE(5y)4.74%
ROICexgc growth 3Y14.93%
ROICexgc growth 5Y-5.79%
ROICexc growth 3Y11.52%
ROICexc growth 5Y-7.43%
OM growth 3Y6.86%
OM growth 5Y-7.7%
PM growth 3Y67.36%
PM growth 5Y-27.97%
GM growth 3Y3.85%
GM growth 5Y-3.87%
F-Score4
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 5.83 | ||
| Debt/EBITDA | 3.84 | ||
| Cap/Depr | 1.73% | ||
| Cap/Sales | 0.65% | ||
| Interest Coverage | 1.71 | ||
| Cash Conversion | 68.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.47 | ||
| Quick Ratio | 3.47 | ||
| Altman-Z | -0.28 |
F-Score4
WACC6.76%
ROIC/WACC0.54
Cap/Depr(3y)59.13%
Cap/Depr(5y)47.43%
Cap/Sales(3y)23.61%
Cap/Sales(5y)18.84%
Profit Quality(3y)459.41%
Profit Quality(5y)1604.85%
High Growth Momentum
Growth
EPS 1Y (TTM)280%
EPS 3Y63.67%
EPS 5Y-19.63%
EPS Q2Q%315.38%
EPS Next Y-15.66%
EPS Next 2Y29.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.83%
Revenue Next Year1.98%
Revenue Next 2Y7.02%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y5.23%
EBIT growth 3Y15.81%
EBIT growth 5Y-6.56%
EBIT Next Year124.71%
EBIT Next 3Y34.6%
EBIT Next 5YN/A
FCF growth 1Y42.87%
FCF growth 3Y-1.06%
FCF growth 5YN/A
OCF growth 1Y-17.83%
OCF growth 3Y-5.19%
OCF growth 5Y-4.71%
POLARIS RENEWABLE ENERGY INC / PIF.CA FAQ
What is the fundamental rating for PIF stock?
ChartMill assigns a fundamental rating of 5 / 10 to PIF.CA.
Can you provide the valuation status for POLARIS RENEWABLE ENERGY INC?
ChartMill assigns a valuation rating of 6 / 10 to POLARIS RENEWABLE ENERGY INC (PIF.CA). This can be considered as Fairly Valued.
What is the profitability of PIF stock?
POLARIS RENEWABLE ENERGY INC (PIF.CA) has a profitability rating of 5 / 10.
What are the PE and PB ratios of POLARIS RENEWABLE ENERGY INC (PIF.CA) stock?
The Price/Earnings (PE) ratio for POLARIS RENEWABLE ENERGY INC (PIF.CA) is 15.4 and the Price/Book (PB) ratio is 0.76.
Can you provide the expected EPS growth for PIF stock?
The Earnings per Share (EPS) of POLARIS RENEWABLE ENERGY INC (PIF.CA) is expected to decline by -15.66% in the next year.