ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) Stock Fundamental Analysis
TSX:AQN-PR-A - Toronto Stock Exchange - CA0158573034 - Currency: CAD
We assign a fundamental rating of 3 out of 10 to AQN-PR-A. AQN-PR-A was compared to 22 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 is valued expensive and it does not seem to be growing.
1. Profitability
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.
1.2 Ratios
With a Return On Assets value of -9.49%, AQN-PR-A is not doing good in the industry: 86.36% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -27.63%, AQN-PR-A is doing worse than 86.36% of the companies in the same industry.
The Return On Invested Capital of AQN-PR-A (3.58%) is better than 63.64% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AQN-PR-A is in line with the industry average of 3.69%.
The last Return On Invested Capital (3.58%) for AQN-PR-A is above the 3 year average (2.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.49% | ||
| ROE | -27.63% | ||
| ROIC | 3.58% |
ROA(3y)-3.11%
ROA(5y)-0.39%
ROE(3y)-11.12%
ROE(5y)-2.83%
ROIC(3y)2.15%
ROIC(5y)2.11%
1.3 Margins
The Operating Margin of AQN-PR-A (21.00%) is worse than 86.36% of its industry peers.
AQN-PR-A's Operating Margin has declined in the last couple of years.
AQN-PR-A's Gross Margin of 73.47% is on the low side compared to the rest of the industry. AQN-PR-A is outperformed by 63.64% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21% | ||
| PM (TTM) | N/A | ||
| GM | 73.47% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AQN-PR-A is destroying value.
Compared to 1 year ago, AQN-PR-A has more shares outstanding
AQN-PR-A has more shares outstanding than it did 5 years ago.
AQN-PR-A has a better debt/assets ratio than last year.
2.2 Solvency
AQN-PR-A has an Altman-Z score of 1.01. 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's Altman-Z score of 1.01 is amongst the best of the industry. AQN-PR-A outperforms 95.45% of its industry peers.
AQN-PR-A has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
AQN-PR-A has a Debt to Equity ratio of 1.28. This is amongst the best in the industry. AQN-PR-A outperforms 95.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.01 |
ROIC/WACC0.53
WACC6.78%
2.3 Liquidity
AQN-PR-A has a Current Ratio of 1.16. 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 1.16 is amongst the best of the industry. AQN-PR-A outperforms 86.36% of its industry peers.
A Quick Ratio of 0.97 indicates that AQN-PR-A may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.97, AQN-PR-A is in line with its industry, outperforming 45.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
AQN-PR-A shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.49%.
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 has grown by 13.38% in the past year. This is quite good.
The Revenue has been growing slightly by 7.38% on average over the past years.
EPS 1Y (TTM)-24.49%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%0%
Revenue 1Y (TTM)13.38%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%-6.06%
3.2 Future
AQN-PR-A is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.99% yearly.
Based on estimates for the next years, AQN-PR-A will show a small growth in Revenue. The Revenue will grow by 2.30% on average per year.
EPS Next Y-20.16%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
EPS Next 5Y6.99%
Revenue Next Year-9.8%
Revenue Next 2Y-3.24%
Revenue Next 3Y-0.5%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 48.24, the valuation of AQN-PR-A can be described as expensive.
Based on the Price/Earnings ratio, AQN-PR-A is valued a bit more expensive than 63.64% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, AQN-PR-A is valued quite expensively.
With a Price/Forward Earnings ratio of 49.08, AQN-PR-A can be considered very expensive at the moment.
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 77.27% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, AQN-PR-A is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.24 | ||
| Fwd PE | 49.08 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AQN-PR-A is valued more expensive than 86.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.65 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.60%, AQN-PR-A is a good candidate for dividend investing.
With a Dividend Yield of 4.60, AQN-PR-A pays less dividend than the industry average, which is at 5.54. 81.82% of the companies listed in the same industry pay a better dividend than AQN-PR-A!
Compared to an average S&P500 Dividend Yield of 2.37, AQN-PR-A pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
5.2 History
The dividend of AQN-PR-A has a limited annual growth rate of 0.06%.
AQN-PR-A has paid a dividend for at least 10 years, which is 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
5.3 Sustainability
The earnings of AQN-PR-A are negative and hence is the payout ratio. AQN-PR-A will probably not be able to sustain this dividend level.
The dividend of AQN-PR-A is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-20.99%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP
TSX:AQN-PR-A (7/10/2025, 7:00:00 PM)
24.6
+0.3 (+1.23%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners72.96%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap18.89B
Analysts53.33
Price Target19.96 (-18.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
Yearly Dividend0.55
Dividend Growth(5Y)0.06%
DP-20.99%
Div Incr Years1
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.21%
Min EPS beat(2)-25.74%
Max EPS beat(2)42.17%
EPS beat(4)2
Avg EPS beat(4)3.68%
Min EPS beat(4)-25.74%
Max EPS beat(4)42.17%
EPS beat(8)3
Avg EPS beat(8)-2.73%
EPS beat(12)5
Avg EPS beat(12)-3.23%
EPS beat(16)6
Avg EPS beat(16)-2.32%
Revenue beat(2)1
Avg Revenue beat(2)0.35%
Min Revenue beat(2)-4.61%
Max Revenue beat(2)5.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.14%
Min Revenue beat(4)-5.17%
Max Revenue beat(4)5.31%
Revenue beat(8)3
Avg Revenue beat(8)-2.03%
Revenue beat(12)7
Avg Revenue beat(12)0.37%
Revenue beat(16)10
Avg Revenue beat(16)2.48%
PT rev (1m)13.49%
PT rev (3m)9.52%
EPS NQ rev (1m)-0.3%
EPS NQ rev (3m)-11.38%
EPS NY rev (1m)0%
EPS NY rev (3m)3.41%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.24 | ||
| Fwd PE | 49.08 | ||
| P/S | 4.58 | ||
| P/FCF | N/A | ||
| P/OCF | 32.48 | ||
| P/B | 2.94 | ||
| P/tB | 4.17 | ||
| EV/EBITDA | 18.65 |
EPS(TTM)0.51
EY2.07%
EPS(NY)0.5
Fwd EY2.04%
FCF(TTM)-0.82
FCFYN/A
OCF(TTM)0.76
OCFY3.08%
SpS5.37
BVpS8.37
TBVpS5.9
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.49% | ||
| ROE | -27.63% | ||
| ROCE | 4.97% | ||
| ROIC | 3.58% | ||
| ROICexc | 3.6% | ||
| ROICexgc | 4.04% | ||
| OM | 21% | ||
| PM (TTM) | N/A | ||
| GM | 73.47% | ||
| 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%
ROICexcg growth 3Y4.3%
ROICexcg 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-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.61 | ||
| Cap/Depr | 199.46% | ||
| Cap/Sales | 29.3% | ||
| Interest Coverage | 1.53 | ||
| Cash Conversion | 39.53% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.16 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 1.01 |
F-Score5
WACC6.78%
ROIC/WACC0.53
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)-24.49%
EPS 3Y-19.53%
EPS 5Y-10.38%
EPS Q2Q%0%
EPS Next Y-20.16%
EPS Next 2Y-0.53%
EPS Next 3Y0.93%
EPS Next 5Y6.99%
Revenue 1Y (TTM)13.38%
Revenue growth 3Y0.49%
Revenue growth 5Y7.38%
Sales Q2Q%-6.06%
Revenue Next Year-9.8%
Revenue Next 2Y-3.24%
Revenue Next 3Y-0.5%
Revenue Next 5Y2.3%
EBIT growth 1Y26.92%
EBIT growth 3Y4.45%
EBIT growth 5Y4.06%
EBIT Next Year44.64%
EBIT Next 3Y17.99%
EBIT Next 5YN/A
FCF growth 1Y-3.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.77%
OCF growth 3Y45.17%
OCF growth 5Y-4.65%