POLARIS RENEWABLE ENERGY INC (PIF.CA) Stock Fundamental Analysis
Canada - TSX:PIF - CA73108L1013 - Common Stock
13.65 CAD
+0.14 (+1.04%)
Overall PIF gets a fundamental rating of 5 out of 10. We evaluated PIF against 34 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. Profitability
1.1 Basic Checks
PIF had positive earnings in the past year.
In the past year PIF had a positive cash flow from operations.
In the past 5 years PIF has always been profitable.
Each year in the past 5 years PIF had a positive operating cash flow.
1.2 Ratios
PIF's Return On Assets of -1.92% is on the low side compared to the rest of the industry. PIF is outperformed by 67.65% of its industry peers.
PIF's Return On Equity of -4.32% is fine compared to the rest of the industry. PIF outperforms 61.76% of its industry peers.
With an excellent Return On Invested Capital value of 3.56%, PIF belongs to the best of the industry, outperforming 82.35% 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 4.55%.
The 3 year average ROIC (3.16%) for PIF is below the current ROIC(3.56%), indicating increased profibility in the last year.
| 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
In the last couple of years the Profit Margin of PIF has declined.
PIF's Operating Margin of 33.02% is amongst the best of the industry. PIF outperforms 85.29% of its industry peers.
PIF's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 46.61%, PIF is not doing good in the industry: 67.65% of the companies in the same industry are doing better.
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
PIF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, PIF has about the same amount of shares outstanding.
The number of shares outstanding for PIF has been increased compared to 5 years ago.
The debt/assets ratio for PIF is higher compared to a year ago.
2.2 Solvency
PIF has an Altman-Z score of -0.24. This is a bad value and indicates that PIF is not financially healthy and even has some risk of bankruptcy.
PIF's Altman-Z score of -0.24 is in line compared to the rest of the industry. PIF outperforms 44.12% of its industry peers.
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.
The Debt to FCF ratio of PIF (6.69) is better than 82.35% of its industry peers.
PIF has a Debt/Equity ratio of 0.88. This is a neutral value indicating PIF is somewhat dependend on debt financing.
PIF has a Debt to Equity ratio of 0.88. This is amongst the best in the industry. PIF outperforms 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 6.69 | ||
| Altman-Z | -0.24 |
ROIC/WACC0.55
WACC6.52%
2.3 Liquidity
PIF has a Current Ratio of 4.01. This indicates that PIF is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of PIF (4.01) is better than 91.18% of its industry peers.
A Quick Ratio of 4.01 indicates that PIF has no problem at all paying its short term obligations.
The Quick ratio of PIF (4.01) is better than 91.18% of its industry peers.
| 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%.
PIF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -36.65% yearly.
The Revenue has been growing slightly by 1.88% in the past year.
Measured over the past years, PIF shows a small growth in Revenue. The Revenue has been growing by 1.24% on average per year.
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-275.07%
EPS Next 2Y135.69%
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 48.75, 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 76.47% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.38, PIF is valued quite expensively.
Based on the Price/Forward Earnings ratio of 11.89, the valuation of PIF can be described as reasonable.
88.24% 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 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.75 | ||
| Fwd PE | 11.89 |
4.2 Price Multiples
97.06% of the companies in the same industry are more expensive than PIF, based on the Enterprise Value to EBITDA ratio.
88.24% of the companies in the same industry are more expensive than PIF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.32 | ||
| EV/EBITDA | 6.11 |
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 2Y135.69%
EPS Next 3Y77.46%
5. Dividend
5.1 Amount
PIF has a Yearly Dividend Yield of 6.52%, which is a nice return.
Compared to an average industry Dividend Yield of 4.35, PIF pays a better dividend. On top of this PIF pays more dividend than 94.12% 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.52% |
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-119.43%
EPS Next 2Y135.69%
EPS Next 3Y77.46%
TSX:PIF (9/19/2025, 7:00:00 PM)
13.65
+0.14 (+1.04%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners22.34%
Inst Owner ChangeN/A
Ins Owners3.09%
Ins Owner ChangeN/A
Market Cap286.65M
Analysts84.44
Price Target24.48 (79.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.52% |
Yearly Dividend0.83
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)27.27%
EPS NQ rev (3m)-39.13%
EPS NY rev (1m)-158.21%
EPS NY rev (3m)-158.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.46%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.75 | ||
| Fwd PE | 11.89 | ||
| P/S | 2.65 | ||
| P/FCF | 6.32 | ||
| P/OCF | 6.01 | ||
| P/B | 0.85 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 6.11 |
EPS(TTM)0.28
EY2.05%
EPS(NY)1.15
Fwd EY8.41%
FCF(TTM)2.16
FCFY15.82%
OCF(TTM)2.27
OCFY16.64%
SpS5.14
BVpS16.07
TBVpS12.21
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 | -0.24 |
F-Score3
WACC6.52%
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-275.07%
EPS Next 2Y135.69%
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 Year130.11%
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%