ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) Fundamental Analysis & Valuation

TSX:AQN-PR-A • CA0158573034

26.15 CAD
+0.04 (+0.15%)
Last: Mar 5, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This AQN-PR-A.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, AQN-PR-A scores 3 out of 10 in our fundamental rating. AQN-PR-A was compared to 19 industry peers in the Multi-Utilities industry. AQN-PR-A may be in some trouble as it scores bad on both profitability and health. AQN-PR-A has a expensive valuation and it also scores bad on growth. Finally AQN-PR-A also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. AQN-PR-A.CA Profitability Analysis

1.1 Basic Checks

  • AQN-PR-A had positive earnings in the past year.
  • AQN-PR-A had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: AQN-PR-A reported negative net income in multiple years.
  • AQN-PR-A had a positive operating cash flow in each of the past 5 years.
AQN-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFAQN-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B

1.2 Ratios

  • AQN-PR-A has a Return On Assets of -0.27%. This is amonst the worse of the industry: AQN-PR-A underperforms 89.47% of its industry peers.
  • AQN-PR-A has a worse Return On Equity (-0.80%) than 89.47% of its industry peers.
  • AQN-PR-A has a Return On Invested Capital of 2.88%. This is amonst the worse of the industry: AQN-PR-A underperforms 89.47% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AQN-PR-A is in line with the industry average of 3.77%.
  • The 3 year average ROIC (2.15%) for AQN-PR-A is below the current ROIC(2.88%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.27%
ROE -0.8%
ROIC 2.88%
ROA(3y)-3.11%
ROA(5y)-0.39%
ROE(3y)-11.12%
ROE(5y)-2.83%
ROIC(3y)2.15%
ROIC(5y)2.11%
AQN-PR-A.CA Yearly ROA, ROE, ROICAQN-PR-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • Looking at the Operating Margin, with a value of 21.55%, AQN-PR-A is doing worse than 89.47% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AQN-PR-A has declined.
  • The Gross Margin of AQN-PR-A (73.94%) is worse than 73.68% of its industry peers.
  • In the last couple of years the Gross Margin of AQN-PR-A has remained more or less at the same level.
Industry RankSector Rank
OM 21.55%
PM (TTM) N/A
GM 73.94%
OM growth 3Y3.93%
OM growth 5Y-3.09%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.98%
GM growth 5Y0.16%
AQN-PR-A.CA Yearly Profit, Operating, Gross MarginsAQN-PR-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. AQN-PR-A.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AQN-PR-A is destroying value.
  • Compared to 1 year ago, AQN-PR-A has more shares outstanding
  • The number of shares outstanding for AQN-PR-A has been increased compared to 5 years ago.
  • The debt/assets ratio for AQN-PR-A has been reduced compared to a year ago.
AQN-PR-A.CA Yearly Shares OutstandingAQN-PR-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
AQN-PR-A.CA Yearly Total Debt VS Total AssetsAQN-PR-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • AQN-PR-A has an Altman-Z score of 0.98. This is a bad value and indicates that AQN-PR-A is not financially healthy and even has some risk of bankruptcy.
  • AQN-PR-A has a better Altman-Z score (0.98) than 100.00% of its industry peers.
  • A Debt/Equity ratio of 1.33 is on the high side and indicates that AQN-PR-A has dependencies on debt financing.
  • AQN-PR-A's Debt to Equity ratio of 1.33 is amongst the best of the industry. AQN-PR-A outperforms 89.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Altman-Z 0.98
ROIC/WACC0.41
WACC6.96%
AQN-PR-A.CA Yearly LT Debt VS Equity VS FCFAQN-PR-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • AQN-PR-A has a Current Ratio of 1.23. This is a normal value and indicates that AQN-PR-A is financially healthy and should not expect problems in meeting its short term obligations.
  • AQN-PR-A's Current ratio of 1.23 is on the low side compared to the rest of the industry. AQN-PR-A is outperformed by 63.16% of its industry peers.
  • A Quick Ratio of 1.03 indicates that AQN-PR-A should not have too much problems paying its short term obligations.
  • AQN-PR-A's Quick ratio of 1.03 is on the low side compared to the rest of the industry. AQN-PR-A is outperformed by 63.16% of its industry peers.
Industry RankSector Rank
Current Ratio 1.23
Quick Ratio 1.03
AQN-PR-A.CA Yearly Current Assets VS Current LiabilitesAQN-PR-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. AQN-PR-A.CA Growth Analysis

3.1 Past

  • AQN-PR-A shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.79%.
  • Measured over the past years, AQN-PR-A shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.38% on average per year.
  • The Revenue for AQN-PR-A has decreased by -23.92% in the past year. This is quite bad
  • The Revenue has been growing slightly by 7.38% on average over the past years.
EPS 1Y (TTM)-29.79%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%12.5%
Revenue 1Y (TTM)-23.92%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%1.66%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.09% on average over the next years.
  • AQN-PR-A is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.30% yearly.
EPS Next Y-12.26%
EPS Next 2Y-0.48%
EPS Next 3Y6.43%
EPS Next 5Y4.09%
Revenue Next Year-9.8%
Revenue Next 2Y-3.22%
Revenue Next 3Y-0.62%
Revenue Next 5Y2.3%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
AQN-PR-A.CA Yearly Revenue VS EstimatesAQN-PR-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B 2.5B
AQN-PR-A.CA Yearly EPS VS EstimatesAQN-PR-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6

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Find the best growth stocksShow best growing peers

0

4. AQN-PR-A.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 58.11 indicates a quite expensive valuation of AQN-PR-A.
  • AQN-PR-A's Price/Earnings ratio is rather expensive when compared to the industry. AQN-PR-A is more expensive than 89.47% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.74, AQN-PR-A is valued quite expensively.
  • AQN-PR-A is valuated quite expensively with a Price/Forward Earnings ratio of 52.24.
  • AQN-PR-A's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AQN-PR-A is more expensive than 78.95% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.82, AQN-PR-A is valued quite expensively.
Industry RankSector Rank
PE 58.11
Fwd PE 52.24
AQN-PR-A.CA Price Earnings VS Forward Price EarningsAQN-PR-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 89.47% of the companies in the same industry are cheaper than AQN-PR-A, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.11
AQN-PR-A.CA Per share dataAQN-PR-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.48%
EPS Next 3Y6.43%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. AQN-PR-A.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.61%, AQN-PR-A is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.03, AQN-PR-A pays a better dividend. On top of this AQN-PR-A pays more dividend than 84.21% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, AQN-PR-A pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.61%

5.2 History

  • The dividend of AQN-PR-A has a limited annual growth rate of 0.06%.
  • AQN-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
  • AQN-PR-A has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.06%
Div Incr Years1
Div Non Decr Years12
AQN-PR-A.CA Yearly Dividends per shareAQN-PR-A.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • AQN-PR-A has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • AQN-PR-A's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-569.86%
EPS Next 2Y-0.48%
EPS Next 3Y6.43%
AQN-PR-A.CA Yearly Income VS Free CF VS DividendAQN-PR-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B

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Find the best dividend stocksShow peers with best dividend

AQN-PR-A.CA Fundamentals: All Metrics, Ratios and Statistics

ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP

TSX:AQN-PR-A (3/5/2026, 7:00:00 PM)

26.15

+0.04 (+0.15%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-07
Earnings (Next)03-06
Inst Owners74.14%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap20.09B
Revenue(TTM)2.39B
Net Income(TTM)-37.22M
Analysts71.67
Price Target18.85 (-27.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.61%
Yearly Dividend0.55
Dividend Growth(5Y)0.06%
DP-569.86%
Div Incr Years1
Div Non Decr Years12
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.46%
Min EPS beat(2)-0.69%
Max EPS beat(2)35.61%
EPS beat(4)2
Avg EPS beat(4)12.84%
Min EPS beat(4)-25.74%
Max EPS beat(4)42.17%
EPS beat(8)4
Avg EPS beat(8)5.61%
EPS beat(12)5
Avg EPS beat(12)1.98%
EPS beat(16)6
Avg EPS beat(16)-0.66%
Revenue beat(2)1
Avg Revenue beat(2)-0.52%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)0.82%
Revenue beat(4)2
Avg Revenue beat(4)-0.08%
Min Revenue beat(4)-4.61%
Max Revenue beat(4)5.31%
Revenue beat(8)3
Avg Revenue beat(8)-1.75%
Revenue beat(12)6
Avg Revenue beat(12)-0.49%
Revenue beat(16)9
Avg Revenue beat(16)0.59%
PT rev (1m)-4.86%
PT rev (3m)-2.36%
EPS NQ rev (1m)-8.36%
EPS NQ rev (3m)-16.95%
EPS NY rev (1m)0%
EPS NY rev (3m)3.27%
Revenue NQ rev (1m)-2.06%
Revenue NQ rev (3m)-2.06%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)1.17%
Valuation
Industry RankSector Rank
PE 58.11
Fwd PE 52.24
P/S 6.16
P/FCF N/A
P/OCF 31.58
P/B 3.17
P/tB 4.51
EV/EBITDA 23.11
EPS(TTM)0.45
EY1.72%
EPS(NY)0.5
Fwd EY1.91%
FCF(TTM)-0.64
FCFYN/A
OCF(TTM)0.83
OCFY3.17%
SpS4.24
BVpS8.26
TBVpS5.79
PEG (NY)N/A
PEG (5Y)N/A
Graham Number9.14
Profitability
Industry RankSector Rank
ROA -0.27%
ROE -0.8%
ROCE 4%
ROIC 2.88%
ROICexc 2.9%
ROICexgc 3.25%
OM 21.55%
PM (TTM) N/A
GM 73.94%
FCFM N/A
ROA(3y)-3.11%
ROA(5y)-0.39%
ROE(3y)-11.12%
ROE(5y)-2.83%
ROIC(3y)2.15%
ROIC(5y)2.11%
ROICexc(3y)2.16%
ROICexc(5y)2.12%
ROICexgc(3y)2.37%
ROICexgc(5y)2.33%
ROCE(3y)2.99%
ROCE(5y)2.93%
ROICexgc growth 3Y4.3%
ROICexgc growth 5Y-5.03%
ROICexc growth 3Y4.14%
ROICexc growth 5Y-4.63%
OM growth 3Y3.93%
OM growth 5Y-3.09%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.98%
GM growth 5Y0.16%
F-Score4
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Debt/EBITDA 6.76
Cap/Depr 208.02%
Cap/Sales 34.55%
Interest Coverage 1.49
Cash Conversion 51.11%
Profit Quality N/A
Current Ratio 1.23
Quick Ratio 1.03
Altman-Z 0.98
F-Score4
WACC6.96%
ROIC/WACC0.41
Cap/Depr(3y)213.94%
Cap/Depr(5y)245.17%
Cap/Sales(3y)39.89%
Cap/Sales(5y)45.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-29.79%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%12.5%
EPS Next Y-12.26%
EPS Next 2Y-0.48%
EPS Next 3Y6.43%
EPS Next 5Y4.09%
Revenue 1Y (TTM)-23.92%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%1.66%
Revenue Next Year-9.8%
Revenue Next 2Y-3.22%
Revenue Next 3Y-0.62%
Revenue Next 5Y2.3%
EBIT growth 1Y-15.87%
EBIT growth 3Y4.45%
EBIT growth 5Y4.06%
EBIT Next Year45.9%
EBIT Next 3Y20.8%
EBIT Next 5YN/A
FCF growth 1Y-47.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-27.45%
OCF growth 3Y45.17%
OCF growth 5Y-4.65%

ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP / AQN-PR-A.CA FAQ

What is the fundamental rating for AQN-PR-A stock?

ChartMill assigns a fundamental rating of 3 / 10 to AQN-PR-A.CA.


Can you provide the valuation status for ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP?

ChartMill assigns a valuation rating of 0 / 10 to ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA). This can be considered as Overvalued.


How profitable is ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) stock?

ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) has a profitability rating of 3 / 10.


What is the earnings growth outlook for ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP?

The Earnings per Share (EPS) of ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) is expected to decline by -12.26% in the next year.


Is the dividend of ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP sustainable?

The dividend rating of ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) is 8 / 10 and the dividend payout ratio is -569.86%.