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TRANSALTA CORP - TACN 5.46 PERP (TA-PR-G.CA) Stock Fundamental Analysis

Canada - TSX:TA-PR-G - CA89346D7430

22.01 CAD
-0.59 (-2.61%)
Last: 10/17/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, TA-PR-G scores 4 out of 10 in our fundamental rating. TA-PR-G was compared to 33 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of TA-PR-G while its profitability can be described as average. TA-PR-G is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

TA-PR-G had negative earnings in the past year.
TA-PR-G had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TA-PR-G reported negative net income in multiple years.
In the past 5 years TA-PR-G always reported a positive cash flow from operatings.
TA-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFTA-PR-G.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

1.2 Ratios

With a Return On Assets value of -1.87%, TA-PR-G perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
TA-PR-G has a Return On Equity of -10.58%. This is comparable to the rest of the industry: TA-PR-G outperforms 42.42% of its industry peers.
The Return On Invested Capital of TA-PR-G (3.34%) is better than 72.73% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TA-PR-G is above the industry average of 4.60%.
The last Return On Invested Capital (3.34%) for TA-PR-G is well below the 3 year average (8.64%), which needs to be investigated, but indicates that TA-PR-G had better years and this may not be a problem.
Industry RankSector Rank
ROA -1.87%
ROE -10.58%
ROIC 3.34%
ROA(3y)3.11%
ROA(5y)-0.07%
ROE(3y)17.47%
ROE(5y)0.34%
ROIC(3y)8.64%
ROIC(5y)N/A
TA-PR-G.CA Yearly ROA, ROE, ROICTA-PR-G.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

1.3 Margins

TA-PR-G's Profit Margin has improved in the last couple of years.
TA-PR-G has a Operating Margin of 11.45%. This is comparable to the rest of the industry: TA-PR-G outperforms 42.42% of its industry peers.
In the last couple of years the Operating Margin of TA-PR-G has grown nicely.
TA-PR-G's Gross Margin of 83.61% is amongst the best of the industry. TA-PR-G outperforms 81.82% of its industry peers.
In the last couple of years the Gross Margin of TA-PR-G has remained more or less at the same level.
Industry RankSector Rank
OM 11.45%
PM (TTM) N/A
GM 83.61%
OM growth 3Y15.27%
OM growth 5Y8.46%
PM growth 3YN/A
PM growth 5Y22.94%
GM growth 3Y3.39%
GM growth 5Y-0.46%
TA-PR-G.CA Yearly Profit, Operating, Gross MarginsTA-PR-G.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TA-PR-G is creating some value.
TA-PR-G has less shares outstanding than it did 1 year ago.
The number of shares outstanding for TA-PR-G has been increased compared to 5 years ago.
Compared to 1 year ago, TA-PR-G has an improved debt to assets ratio.
TA-PR-G.CA Yearly Shares OutstandingTA-PR-G.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
TA-PR-G.CA Yearly Total Debt VS Total AssetsTA-PR-G.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

TA-PR-G has an Altman-Z score of 0.47. This is a bad value and indicates that TA-PR-G is not financially healthy and even has some risk of bankruptcy.
TA-PR-G has a Altman-Z score (0.47) which is comparable to the rest of the industry.
TA-PR-G has a debt to FCF ratio of 14.89. This is a negative value and a sign of low solvency as TA-PR-G would need 14.89 years to pay back of all of its debts.
TA-PR-G has a better Debt to FCF ratio (14.89) than 72.73% of its industry peers.
A Debt/Equity ratio of 2.28 is on the high side and indicates that TA-PR-G has dependencies on debt financing.
With a decent Debt to Equity ratio value of 2.28, TA-PR-G is doing good in the industry, outperforming 60.61% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.28
Debt/FCF 14.89
Altman-Z 0.47
ROIC/WACC0.5
WACC6.74%
TA-PR-G.CA Yearly LT Debt VS Equity VS FCFTA-PR-G.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

TA-PR-G has a Current Ratio of 0.79. This is a bad value and indicates that TA-PR-G is not financially healthy enough and could expect problems in meeting its short term obligations.
TA-PR-G's Current ratio of 0.79 is in line compared to the rest of the industry. TA-PR-G outperforms 48.48% of its industry peers.
A Quick Ratio of 0.72 indicates that TA-PR-G may have some problems paying its short term obligations.
The Quick ratio of TA-PR-G (0.72) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.72
TA-PR-G.CA Yearly Current Assets VS Current LiabilitesTA-PR-G.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

3

3. Growth

3.1 Past

The earnings per share for TA-PR-G have decreased strongly by -102.94% in the last year.
TA-PR-G shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 26.80% yearly.
The Revenue for TA-PR-G has decreased by -20.91% in the past year. This is quite bad
The Revenue has been growing slightly by 3.92% on average over the past years.
EPS 1Y (TTM)-102.94%
EPS 3YN/A
EPS 5Y26.8%
EPS Q2Q%0%
Revenue 1Y (TTM)-20.91%
Revenue growth 3Y1.5%
Revenue growth 5Y3.92%
Sales Q2Q%-26.19%

3.2 Future

Based on estimates for the next years, TA-PR-G will show a very strong growth in Earnings Per Share. The EPS will grow by 22.27% on average per year.
Based on estimates for the next years, TA-PR-G will show a decrease in Revenue. The Revenue will decrease by -2.75% on average per year.
EPS Next Y-70.48%
EPS Next 2Y-24.61%
EPS Next 3Y-13.57%
EPS Next 5Y22.27%
Revenue Next Year-6.24%
Revenue Next 2Y-12.9%
Revenue Next 3Y-6.51%
Revenue Next 5Y-2.75%

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TA-PR-G.CA Yearly Revenue VS EstimatesTA-PR-G.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
TA-PR-G.CA Yearly EPS VS EstimatesTA-PR-G.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TA-PR-G. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 69.16, which means the current valuation is very expensive for TA-PR-G.
Based on the Price/Forward Earnings ratio, TA-PR-G is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of TA-PR-G to the average of the S&P500 Index (23.18), we can say TA-PR-G is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 69.16
TA-PR-G.CA Price Earnings VS Forward Price EarningsTA-PR-G.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200 -300

4.2 Price Multiples

TA-PR-G's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, TA-PR-G is valued a bit cheaper than 72.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.53
EV/EBITDA 12.34
TA-PR-G.CA Per share dataTA-PR-G.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

The decent profitability rating of TA-PR-G may justify a higher PE ratio.
TA-PR-G's earnings are expected to decrease with -13.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-24.61%
EPS Next 3Y-13.57%

3

5. Dividend

5.1 Amount

TA-PR-G has a Yearly Dividend Yield of 1.09%.
TA-PR-G's Dividend Yield is slightly below the industry average, which is at 4.77.
With a Dividend Yield of 1.09, TA-PR-G pays less dividend than the S&P500 average, which is at 2.34.
Industry RankSector Rank
Dividend Yield 1.09%

5.2 History

On average, the dividend of TA-PR-G grows each year by 6.10%, which is quite nice.
TA-PR-G has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)6.1%
Div Incr Years2
Div Non Decr Years2
TA-PR-G.CA Yearly Dividends per shareTA-PR-G.CA Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

TA-PR-G has negative earnings and hence a negative payout ratio. The dividend may be in danger.
TA-PR-G's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-74.25%
EPS Next 2Y-24.61%
EPS Next 3Y-13.57%
TA-PR-G.CA Yearly Income VS Free CF VS DividendTA-PR-G.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

TRANSALTA CORP - TACN 5.46 PERP

TSX:TA-PR-G (10/17/2025, 7:00:00 PM)

22.01

-0.59 (-2.61%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)08-01 2025-08-01/bmo
Earnings (Next)11-06 2025-11-06
Inst Owners71.21%
Inst Owner ChangeN/A
Ins Owners0.44%
Ins Owner ChangeN/A
Market Cap6.52B
Analysts78.95
Price Target26.7 (21.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
Yearly Dividend0.41
Dividend Growth(5Y)6.1%
DP-74.25%
Div Incr Years2
Div Non Decr Years2
Ex-Date08-29 2025-08-29 (0.36195)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.25%
Min EPS beat(2)-21.18%
Max EPS beat(2)55.69%
EPS beat(4)1
Avg EPS beat(4)-176.87%
Min EPS beat(4)-564.33%
Max EPS beat(4)55.69%
EPS beat(8)4
Avg EPS beat(8)-7.79%
EPS beat(12)6
Avg EPS beat(12)9.91%
EPS beat(16)7
Avg EPS beat(16)-93.68%
Revenue beat(2)1
Avg Revenue beat(2)3.34%
Min Revenue beat(2)-14.2%
Max Revenue beat(2)20.88%
Revenue beat(4)3
Avg Revenue beat(4)12.25%
Min Revenue beat(4)-14.2%
Max Revenue beat(4)24.1%
Revenue beat(8)6
Avg Revenue beat(8)27.41%
Revenue beat(12)10
Avg Revenue beat(12)34.69%
Revenue beat(16)14
Avg Revenue beat(16)33.54%
PT rev (1m)0%
PT rev (3m)13.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.85%
EPS NY rev (1m)-31.53%
EPS NY rev (3m)-62.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.59%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 69.16
P/S 2.6
P/FCF 21.53
P/OCF 10.73
P/B 4.13
P/tB 8.18
EV/EBITDA 12.34
EPS(TTM)-0.06
EYN/A
EPS(NY)0.32
Fwd EY1.45%
FCF(TTM)1.02
FCFY4.64%
OCF(TTM)2.05
OCFY9.32%
SpS8.46
BVpS5.33
TBVpS2.69
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.87%
ROE -10.58%
ROCE 4.04%
ROIC 3.34%
ROICexc 3.5%
ROICexgc 3.96%
OM 11.45%
PM (TTM) N/A
GM 83.61%
FCFM 12.09%
ROA(3y)3.11%
ROA(5y)-0.07%
ROE(3y)17.47%
ROE(5y)0.34%
ROIC(3y)8.64%
ROIC(5y)N/A
ROICexc(3y)9.79%
ROICexc(5y)N/A
ROICexgc(3y)11.08%
ROICexgc(5y)N/A
ROCE(3y)10.46%
ROCE(5y)N/A
ROICexcg growth 3Y15.81%
ROICexcg growth 5Y18.53%
ROICexc growth 3Y15.46%
ROICexc growth 5Y17.81%
OM growth 3Y15.27%
OM growth 5Y8.46%
PM growth 3YN/A
PM growth 5Y22.94%
GM growth 3Y3.39%
GM growth 5Y-0.46%
F-Score4
Asset Turnover0.28
Health
Industry RankSector Rank
Debt/Equity 2.28
Debt/FCF 14.89
Debt/EBITDA 4.18
Cap/Depr 53.32%
Cap/Sales 12.17%
Interest Coverage 1.05
Cash Conversion 70.78%
Profit Quality N/A
Current Ratio 0.79
Quick Ratio 0.72
Altman-Z 0.47
F-Score4
WACC6.74%
ROIC/WACC0.5
Cap/Depr(3y)120.63%
Cap/Depr(5y)98.51%
Cap/Sales(3y)23.21%
Cap/Sales(5y)22.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-102.94%
EPS 3YN/A
EPS 5Y26.8%
EPS Q2Q%0%
EPS Next Y-70.48%
EPS Next 2Y-24.61%
EPS Next 3Y-13.57%
EPS Next 5Y22.27%
Revenue 1Y (TTM)-20.91%
Revenue growth 3Y1.5%
Revenue growth 5Y3.92%
Sales Q2Q%-26.19%
Revenue Next Year-6.24%
Revenue Next 2Y-12.9%
Revenue Next 3Y-6.51%
Revenue Next 5Y-2.75%
EBIT growth 1Y-71.1%
EBIT growth 3Y17%
EBIT growth 5Y12.72%
EBIT Next Year64.35%
EBIT Next 3Y15.21%
EBIT Next 5Y19.44%
FCF growth 1Y269.27%
FCF growth 3Y-2.47%
FCF growth 5Y2.59%
OCF growth 1Y-40.86%
OCF growth 3Y-7.35%
OCF growth 5Y-1.28%