POLARIS RENEWABLE ENERGY INC (PIF.CA) Stock Fundamental Analysis
TSX:PIF • CA73108L1013
12.47 CAD
-0.02 (-0.16%)
Last: Feb 11, 2026, 07:00 PM
PIF gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 industry peers in the Independent Power and Renewable Electricity Producers industry. Both the profitability and the financial health of PIF get a neutral evaluation. Nothing too spectacular is happening here. PIF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year PIF was profitable.
- PIF had a positive operating cash flow in the past year.
- PIF had positive earnings in each of the past 5 years.
- PIF had a positive operating cash flow in each of the past 5 years.
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.
- Looking at the Return On Equity, with a value of -4.71%, PIF is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 3.65%, PIF belongs to the best 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 last Return On Invested Capital (3.65%) for PIF is above the 3 year average (3.16%), which is a sign of increasing profitability.
| 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.
- The Operating Margin of PIF (32.97%) is better than 90.63% of its industry peers.
- In the last couple of years the Operating Margin of PIF has declined.
- Looking at the Gross Margin, with a value of 46.49%, PIF is doing worse than 68.75% of the companies in the same industry.
- In the last couple of years the Gross Margin of PIF has declined.
| 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. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PIF is destroying value.
- PIF has about the same amout of shares outstanding than it did 1 year ago.
- PIF has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for PIF is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of -0.27, we must say that PIF is in the distress zone and has some risk of bankruptcy.
- PIF has a Altman-Z score (-0.27) which is comparable to the rest of the industry.
- PIF has a debt to FCF ratio of 5.83. This is a neutral value as PIF would need 5.83 years to pay back of all of its debts.
- PIF's Debt to FCF ratio of 5.83 is amongst the best of the industry. PIF outperforms 84.38% of its industry peers.
- PIF has a Debt/Equity ratio of 0.90. This is a neutral value indicating PIF is somewhat dependend on debt financing.
- PIF's Debt to Equity ratio of 0.90 is amongst the best of the industry. PIF outperforms 90.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 5.83 | ||
| Altman-Z | -0.27 |
ROIC/WACC0.57
WACC6.4%
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's Current ratio of 3.47 is amongst the best of the industry. PIF outperforms 90.63% of its industry peers.
- A Quick Ratio of 3.47 indicates that PIF has no problem at all paying its short term obligations.
- With an excellent Quick ratio value of 3.47, PIF belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.47 | ||
| Quick Ratio | 3.47 |
3. Growth
3.1 Past
- PIF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.29%.
- Measured over the past years, PIF shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -36.65% on average per year.
- PIF shows a small growth in Revenue. In the last year, the Revenue has grown by 5.29%.
- The Revenue has been growing slightly by 1.24% on average over the past years.
EPS 1Y (TTM)-54.29%
EPS 3Y95.74%
EPS 5Y-36.65%
EPS Q2Q%-200%
Revenue 1Y (TTM)5.29%
Revenue growth 3Y8.38%
Revenue growth 5Y1.24%
Sales Q2Q%7.81%
3.2 Future
- The Earnings Per Share is expected to grow by 85.63% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 8.76% on average over the next years. This is quite good.
EPS Next Y-344.64%
EPS Next 2Y79.03%
EPS Next 3Y85.63%
EPS Next 5YN/A
Revenue Next Year5.64%
Revenue Next 2Y3.84%
Revenue Next 3Y8.76%
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- PIF is valuated quite expensively with a Price/Earnings ratio of 56.68.
- 68.75% of the companies in the same industry are more expensive than PIF, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.67, PIF is valued quite expensively.
- With a Price/Forward Earnings ratio of 19.13, PIF is valued on the expensive side.
- 78.13% of the companies in the same industry are more expensive than PIF, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.69, PIF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.68 | ||
| Fwd PE | 19.13 |
4.2 Price Multiples
- 100.00% of the companies in the same industry are more expensive than PIF, based on the Enterprise Value to EBITDA ratio.
- PIF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PIF is cheaper than 90.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.11 | ||
| EV/EBITDA | 5.67 |
4.3 Compensation for Growth
- PIF has a very decent profitability rating, which may justify a higher PE ratio.
- PIF's earnings are expected to grow with 85.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y79.03%
EPS Next 3Y85.63%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.01%, PIF is a good candidate for dividend investing.
- PIF's Dividend Yield is rather good when compared to the industry average which is at 4.76. PIF pays more dividend than 93.75% of the companies in the same industry.
- PIF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.01% |
5.2 History
- The dividend of PIF decreases each year by -0.01%.
- PIF has been paying a dividend for at least 10 years, so it has 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 2Y79.03%
EPS Next 3Y85.63%
TSX:PIF (2/11/2026, 7:00:00 PM)
12.47
-0.02 (-0.16%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)10-30 2025-10-30/bmo
Earnings (Next)02-19 2026-02-19/amc
Inst Owners22.75%
Inst Owner ChangeN/A
Ins Owners3.16%
Ins Owner ChangeN/A
Market Cap261.75M
Revenue(TTM)79.75M
Net Income(TTM)-11.36M
Analysts82.22
Price Target24.48 (96.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.01% |
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)-0.83%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.93%
EPS NY rev (1m)0%
EPS NY rev (3m)-51.39%
Revenue NQ rev (1m)-2.2%
Revenue NQ rev (3m)-4.77%
Revenue NY rev (1m)-0.82%
Revenue NY rev (3m)-0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.68 | ||
| Fwd PE | 19.13 | ||
| P/S | 2.42 | ||
| P/FCF | 5.11 | ||
| P/OCF | 5.04 | ||
| P/B | 0.8 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 5.67 |
EPS(TTM)0.22
EY1.76%
EPS(NY)0.65
Fwd EY5.23%
FCF(TTM)2.44
FCFY19.59%
OCF(TTM)2.48
OCFY19.85%
SpS5.15
BVpS15.58
TBVpS11.82
PEG (NY)N/A
PEG (5Y)N/A
Graham Number8.78
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 | -0.27 |
F-Score4
WACC6.4%
ROIC/WACC0.57
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)-54.29%
EPS 3Y95.74%
EPS 5Y-36.65%
EPS Q2Q%-200%
EPS Next Y-344.64%
EPS Next 2Y79.03%
EPS Next 3Y85.63%
EPS Next 5YN/A
Revenue 1Y (TTM)5.29%
Revenue growth 3Y8.38%
Revenue growth 5Y1.24%
Sales Q2Q%7.81%
Revenue Next Year5.64%
Revenue Next 2Y3.84%
Revenue Next 3Y8.76%
Revenue Next 5YN/A
EBIT growth 1Y5.23%
EBIT growth 3Y15.81%
EBIT growth 5Y-6.56%
EBIT Next Year125.34%
EBIT Next 3Y41.62%
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 6 / 10 to PIF.CA.
Can you provide the valuation status for POLARIS RENEWABLE ENERGY INC?
ChartMill assigns a valuation rating of 5 / 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 6 / 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 56.68 and the Price/Book (PB) ratio is 0.8.
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 -344.64% in the next year.