POLARIS RENEWABLE ENERGY INC (PIF.CA) Stock Fundamental Analysis
Canada - TSX:PIF - CA73108L1013 - Common Stock
13.93 CAD
+0.2 (+1.46%)
We assign a fundamental rating of 5 out of 10 to PIF. PIF was compared to 34 industry peers in the Independent Power and Renewable Electricity Producers industry. PIF has only an average score on both its financial health and profitability. PIF has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year PIF was profitable.
PIF had a positive operating cash flow in the past year.
Each year in the past 5 years PIF has been profitable.
In the past 5 years PIF always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.92%, PIF is doing worse than 70.59% of the companies in the same industry.
PIF has a Return On Equity of -4.32%. This is in the better half of the industry: PIF outperforms 61.76% of its industry peers.
PIF has a better Return On Invested Capital (3.56%) than 82.35% of its industry peers.
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 4.60%.
The last Return On Invested Capital (3.56%) for PIF is above the 3 year average (3.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.92% | ||
| ROE | -4.32% | ||
| ROIC | 3.56% |
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
PIF's Profit Margin has declined in the last couple of years.
The Operating Margin of PIF (33.02%) is better than 85.29% of its industry peers.
In the last couple of years the Operating Margin of PIF has declined.
PIF has a Gross Margin of 46.61%. This is in the lower half of the industry: PIF underperforms 67.65% of its industry peers.
In the last couple of years the Gross Margin of PIF has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.02% | ||
| PM (TTM) | N/A | ||
| GM | 46.61% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PIF is destroying value.
Compared to 1 year ago, PIF has about the same amount of shares outstanding.
Compared to 5 years ago, PIF has more shares outstanding
Compared to 1 year ago, PIF has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.23, we must say that PIF is in the distress zone and has some risk of bankruptcy.
PIF has a Altman-Z score (-0.23) which is comparable to the rest of the industry.
The Debt to FCF ratio of PIF is 6.69, which is on the high side as it means it would take PIF, 6.69 years of fcf income to pay off all of its debts.
PIF has a better Debt to FCF ratio (6.69) than 82.35% of its industry peers.
A Debt/Equity ratio of 0.88 indicates that PIF is somewhat dependend on debt financing.
PIF's Debt to Equity ratio of 0.88 is amongst the best of the industry. PIF outperforms 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 6.69 | ||
| Altman-Z | -0.23 |
ROIC/WACC0.55
WACC6.51%
2.3 Liquidity
A Current Ratio of 4.01 indicates that PIF has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 4.01, PIF belongs to the top of the industry, outperforming 91.18% of the companies in the same industry.
PIF has a Quick Ratio of 4.01. This indicates that PIF is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.01, PIF belongs to the top of the industry, outperforming 91.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.01 | ||
| Quick Ratio | 4.01 |
3. Growth
3.1 Past
PIF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -47.37%.
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.
Looking at the last year, PIF shows a small growth in Revenue. The Revenue has grown by 1.88% in the last year.
PIF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.24% yearly.
EPS 1Y (TTM)-47.37%
EPS 3Y95.74%
EPS 5Y-36.65%
EPS Q2Q%0%
Revenue 1Y (TTM)1.88%
Revenue growth 3Y8.38%
Revenue growth 5Y1.24%
Sales Q2Q%15.72%
3.2 Future
Based on estimates for the next years, PIF will show a very strong growth in Earnings Per Share. The EPS will grow by 77.46% on average per year.
PIF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.16% yearly.
EPS Next Y-219.52%
EPS Next 2Y97.62%
EPS Next 3Y77.46%
EPS Next 5YN/A
Revenue Next Year8.1%
Revenue Next 2Y7.03%
Revenue Next 3Y0.16%
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.
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
The Price/Earnings ratio is 49.75, which means the current valuation is very expensive for PIF.
Based on the Price/Earnings ratio, PIF is valued a bit cheaper than the industry average as 73.53% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.50, PIF is valued quite expensively.
PIF is valuated correctly with a Price/Forward Earnings ratio of 16.91.
79.41% of the companies in the same industry are more expensive than PIF, based on the Price/Forward Earnings ratio.
PIF is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.75 | ||
| Fwd PE | 16.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PIF is valued cheaply inside the industry as 97.06% of the companies are valued more expensively.
PIF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PIF is cheaper than 88.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.32 | ||
| EV/EBITDA | 6.15 |
4.3 Compensation for Growth
PIF's earnings are expected to grow with 77.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y97.62%
EPS Next 3Y77.46%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.28%, PIF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.28, PIF pays a better dividend. On top of this PIF pays more dividend than 91.18% 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.28% |
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-119.43%
EPS Next 2Y97.62%
EPS Next 3Y77.46%
TSX:PIF (10/14/2025, 7:00:00 PM)
13.93
+0.2 (+1.46%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners21.93%
Inst Owner ChangeN/A
Ins Owners3.16%
Ins Owner ChangeN/A
Market Cap292.53M
Analysts84.44
Price Target24.48 (75.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.28% |
Yearly Dividend0.84
Dividend Growth(5Y)-0.01%
DP-119.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)23.49%
Min EPS beat(2)-67.54%
Max EPS beat(2)114.52%
EPS beat(4)1
Avg EPS beat(4)-72.82%
Min EPS beat(4)-265.02%
Max EPS beat(4)114.52%
EPS beat(8)2
Avg EPS beat(8)-38.96%
EPS beat(12)5
Avg EPS beat(12)-8.13%
EPS beat(16)7
Avg EPS beat(16)-24.21%
Revenue beat(2)0
Avg Revenue beat(2)-0.74%
Min Revenue beat(2)-1.03%
Max Revenue beat(2)-0.45%
Revenue beat(4)0
Avg Revenue beat(4)-2.61%
Min Revenue beat(4)-5.25%
Max Revenue beat(4)-0.45%
Revenue beat(8)1
Avg Revenue beat(8)-2.68%
Revenue beat(12)2
Avg Revenue beat(12)-2.78%
Revenue beat(16)2
Avg Revenue beat(16)-2.83%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)27.27%
EPS NY rev (1m)31.73%
EPS NY rev (3m)-139.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.75 | ||
| Fwd PE | 16.91 | ||
| P/S | 2.65 | ||
| P/FCF | 6.32 | ||
| P/OCF | 6.01 | ||
| P/B | 0.85 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 6.15 |
EPS(TTM)0.28
EY2.01%
EPS(NY)0.82
Fwd EY5.91%
FCF(TTM)2.2
FCFY15.82%
OCF(TTM)2.32
OCFY16.64%
SpS5.25
BVpS16.4
TBVpS12.46
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.92% | ||
| ROE | -4.32% | ||
| ROCE | 4.94% | ||
| ROIC | 3.56% | ||
| ROICexc | 4.26% | ||
| ROICexgc | 4.92% | ||
| OM | 33.02% | ||
| PM (TTM) | N/A | ||
| GM | 46.61% | ||
| FCFM | 41.97% |
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%
ROICexcg growth 3Y14.93%
ROICexcg 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-Score3
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 6.69 | ||
| Debt/EBITDA | 3.88 | ||
| Cap/Depr | 5.73% | ||
| Cap/Sales | 2.18% | ||
| Interest Coverage | 1.41 | ||
| Cash Conversion | 62.16% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.01 | ||
| Quick Ratio | 4.01 | ||
| Altman-Z | -0.23 |
F-Score3
WACC6.51%
ROIC/WACC0.55
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)-47.37%
EPS 3Y95.74%
EPS 5Y-36.65%
EPS Q2Q%0%
EPS Next Y-219.52%
EPS Next 2Y97.62%
EPS Next 3Y77.46%
EPS Next 5YN/A
Revenue 1Y (TTM)1.88%
Revenue growth 3Y8.38%
Revenue growth 5Y1.24%
Sales Q2Q%15.72%
Revenue Next Year8.1%
Revenue Next 2Y7.03%
Revenue Next 3Y0.16%
Revenue Next 5YN/A
EBIT growth 1Y-2.25%
EBIT growth 3Y15.81%
EBIT growth 5Y-6.56%
EBIT Next Year131.48%
EBIT Next 3Y29.67%
EBIT Next 5YN/A
FCF growth 1Y105.32%
FCF growth 3Y-1.06%
FCF growth 5YN/A
OCF growth 1Y7.83%
OCF growth 3Y-5.19%
OCF growth 5Y-4.71%