POLARIS RENEWABLE ENERGY INC (PIF.CA) Stock Fundamental Analysis
TSX:PIF - CA73108L1013 - Common Stock
12.7 CAD
-0.15 (-1.17%)
PIF gets a fundamental rating of 5 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
PIF had positive earnings in the past year.
PIF had a positive operating cash flow in the past year.
In the past 5 years PIF has always been profitable.
PIF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PIF has a Return On Assets of -1.92%. This is in the lower half of the industry: PIF underperforms 68.75% of its industry peers.
PIF has a Return On Equity (-4.32%) which is comparable to the rest of the industry.
PIF's Return On Invested Capital of 3.56% is amongst the best of the industry. PIF outperforms 81.25% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PIF is in line with the industry average of 4.61%.
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
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 84.38% of its industry peers.
PIF's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 46.61%, 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 | 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 -0.26, we must say that PIF is in the distress zone and has some risk of bankruptcy.
PIF's Altman-Z score of -0.26 is in line compared to the rest of the industry. PIF outperforms 43.75% of its industry peers.
PIF has a debt to FCF ratio of 6.69. This is a slightly negative value and a sign of low solvency as PIF would need 6.69 years to pay back of all of its debts.
PIF has a better Debt to FCF ratio (6.69) than 81.25% 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 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 6.69 | ||
| Altman-Z | -0.26 |
ROIC/WACC0.55
WACC6.46%
2.3 Liquidity
A Current Ratio of 4.01 indicates that PIF has no problem at all paying its short term obligations.
The Current ratio of PIF (4.01) is better than 90.63% of its industry peers.
A Quick Ratio of 4.01 indicates that PIF has no problem at all paying its short term obligations.
PIF has a Quick ratio of 4.01. This is amongst the best in the industry. PIF outperforms 90.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.01 | ||
| Quick Ratio | 4.01 |
3. Growth
3.1 Past
The earnings per share for PIF have decreased strongly by -47.37% in the last year.
The earnings per share for PIF have been decreasing by -36.65% on average. This is quite bad
Looking at the last year, PIF shows a small growth in Revenue. The Revenue has grown by 1.88% in the last year.
The Revenue has been growing slightly by 1.24% on average over the past years.
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
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 45.36 indicates a quite expensive valuation of PIF.
PIF's Price/Earnings ratio is a bit cheaper when compared to the industry. PIF is cheaper than 75.00% of the companies in the same industry.
PIF is valuated expensively when we compare the Price/Earnings ratio to 27.08, which is the current average of the S&P500 Index.
PIF is valuated reasonably with a Price/Forward Earnings ratio of 11.02.
PIF's Price/Forward Earnings ratio is rather cheap when compared to the industry. PIF is cheaper than 87.50% of the companies in the same industry.
PIF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.36 | ||
| Fwd PE | 11.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PIF is valued cheaper than 96.88% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PIF indicates a rather cheap valuation: PIF is cheaper than 87.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.87 | ||
| EV/EBITDA | 5.88 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PIF's earnings are expected to grow with 77.46% in the coming years.
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 6.85%, which is a nice return.
PIF's Dividend Yield is rather good when compared to the industry average which is at 5.84. PIF pays more dividend than 84.38% of the companies in the same industry.
PIF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.85% |
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
The earnings of PIF are negative and hence is the payout ratio. PIF will probably not be able to sustain this dividend level.
DP-119.43%
EPS Next 2Y135.69%
EPS Next 3Y77.46%
TSX:PIF (8/25/2025, 7:00:00 PM)
12.7
-0.15 (-1.17%)
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 Cap266.83M
Analysts84.44
Price Target24.48 (92.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.85% |
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)27.89%
Min EPS beat(2)-58.75%
Max EPS beat(2)114.52%
EPS beat(4)1
Avg EPS beat(4)-70.62%
Min EPS beat(4)-265.02%
Max EPS beat(4)114.52%
EPS beat(8)2
Avg EPS beat(8)-37.86%
EPS beat(12)5
Avg EPS beat(12)-7.4%
EPS beat(16)7
Avg EPS beat(16)-23.66%
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)9.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-52.17%
EPS NY rev (1m)-158.21%
EPS NY rev (3m)-158.21%
Revenue NQ rev (1m)-1.24%
Revenue NQ rev (3m)11.46%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.36 | ||
| Fwd PE | 11.02 | ||
| P/S | 2.46 | ||
| P/FCF | 5.87 | ||
| P/OCF | 5.58 | ||
| P/B | 0.79 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 5.88 |
EPS(TTM)0.28
EY2.2%
EPS(NY)1.15
Fwd EY9.07%
FCF(TTM)2.16
FCFY17.04%
OCF(TTM)2.28
OCFY17.93%
SpS5.16
BVpS16.11
TBVpS12.24
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 | -0.26 |
F-Score3
WACC6.46%
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%