ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP (AQN-PR-D.CA) Fundamental Analysis & Valuation

TSX:AQN-PR-D • CA0158575013

26.19 CAD
+0.24 (+0.92%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to AQN-PR-D. AQN-PR-D was compared to 19 industry peers in the Multi-Utilities industry. AQN-PR-D has a bad profitability rating. Also its financial health evaluation is rather negative. AQN-PR-D is valued expensive and it does not seem to be growing. Finally AQN-PR-D also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. AQN-PR-D.CA Profitability Analysis

1.1 Basic Checks

  • AQN-PR-D had positive earnings in the past year.
  • In the past year AQN-PR-D had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: AQN-PR-D reported negative net income in multiple years.
  • Each year in the past 5 years AQN-PR-D had a positive operating cash flow.
AQN-PR-D.CA Yearly Net Income VS EBIT VS OCF VS FCFAQN-PR-D.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-D has a worse Return On Assets (-0.27%) than 89.47% of its industry peers.
  • With a Return On Equity value of -0.80%, AQN-PR-D is not doing good in the industry: 89.47% of the companies in the same industry are doing better.
  • With a Return On Invested Capital value of 2.88%, AQN-PR-D is not doing good in the industry: 89.47% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for AQN-PR-D is in line with the industry average of 3.77%.
  • The last Return On Invested Capital (2.88%) for AQN-PR-D is above the 3 year average (2.15%), which is a sign of increasing profitability.
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-D.CA Yearly ROA, ROE, ROICAQN-PR-D.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • AQN-PR-D's Operating Margin of 21.55% is on the low side compared to the rest of the industry. AQN-PR-D is outperformed by 89.47% of its industry peers.
  • AQN-PR-D's Operating Margin has declined in the last couple of years.
  • AQN-PR-D has a worse Gross Margin (73.94%) than 73.68% of its industry peers.
  • AQN-PR-D's Gross Margin has been stable in the last couple of years.
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-D.CA Yearly Profit, Operating, Gross MarginsAQN-PR-D.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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3

2. AQN-PR-D.CA Health Analysis

2.1 Basic Checks

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

  • Based on the Altman-Z score of 0.98, we must say that AQN-PR-D is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of AQN-PR-D (0.98) is better than 100.00% of its industry peers.
  • A Debt/Equity ratio of 1.33 is on the high side and indicates that AQN-PR-D has dependencies on debt financing.
  • With an excellent Debt to Equity ratio value of 1.33, AQN-PR-D belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.33
Debt/FCF N/A
Altman-Z 0.98
ROIC/WACC0.41
WACC6.96%
AQN-PR-D.CA Yearly LT Debt VS Equity VS FCFAQN-PR-D.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

  • A Current Ratio of 1.23 indicates that AQN-PR-D should not have too much problems paying its short term obligations.
  • AQN-PR-D has a worse Current ratio (1.23) than 63.16% of its industry peers.
  • A Quick Ratio of 1.03 indicates that AQN-PR-D should not have too much problems paying its short term obligations.
  • AQN-PR-D's Quick ratio of 1.03 is on the low side compared to the rest of the industry. AQN-PR-D is outperformed by 63.16% of its industry peers.
Industry RankSector Rank
Current Ratio 1.23
Quick Ratio 1.03
AQN-PR-D.CA Yearly Current Assets VS Current LiabilitesAQN-PR-D.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-D.CA Growth Analysis

3.1 Past

  • AQN-PR-D 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-D shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.38% on average per year.
  • Looking at the last year, AQN-PR-D shows a very negative growth in Revenue. The Revenue has decreased by -23.92% in the last year.
  • 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

  • AQN-PR-D is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.09% yearly.
  • The Revenue is expected to grow by 2.30% on average over the next years.
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.
  • 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.
AQN-PR-D.CA Yearly Revenue VS EstimatesAQN-PR-D.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-D.CA Yearly EPS VS EstimatesAQN-PR-D.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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0

4. AQN-PR-D.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 58.20, the valuation of AQN-PR-D can be described as expensive.
  • Based on the Price/Earnings ratio, AQN-PR-D is valued expensively inside the industry as 89.47% of the companies are valued cheaper.
  • The average S&P500 Price/Earnings ratio is at 26.83. AQN-PR-D is valued rather expensively when compared to this.
  • The Price/Forward Earnings ratio is 52.22, which means the current valuation is very expensive for AQN-PR-D.
  • Based on the Price/Forward Earnings ratio, AQN-PR-D is valued a bit more expensive than the industry average as 78.95% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of AQN-PR-D to the average of the S&P500 Index (24.95), we can say AQN-PR-D is valued expensively.
Industry RankSector Rank
PE 58.2
Fwd PE 52.22
AQN-PR-D.CA Price Earnings VS Forward Price EarningsAQN-PR-D.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • AQN-PR-D's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. AQN-PR-D is more expensive than 89.47% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.13
AQN-PR-D.CA Per share dataAQN-PR-D.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-D.CA Dividend Analysis

5.1 Amount

  • AQN-PR-D has a Yearly Dividend Yield of 6.61%, which is a nice return.
  • AQN-PR-D's Dividend Yield is rather good when compared to the industry average which is at 5.03. AQN-PR-D pays more dividend than 84.21% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, AQN-PR-D pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.61%

5.2 History

  • The dividend of AQN-PR-D has a limited annual growth rate of 0.06%.
  • AQN-PR-D has been paying a dividend for at least 10 years, so it has a reliable track record.
  • AQN-PR-D 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 Years10
AQN-PR-D.CA Yearly Dividends per shareAQN-PR-D.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-D has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of AQN-PR-D is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-569.86%
EPS Next 2Y-0.48%
EPS Next 3Y6.43%
AQN-PR-D.CA Yearly Income VS Free CF VS DividendAQN-PR-D.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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AQN-PR-D.CA Fundamentals: All Metrics, Ratios and Statistics

ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP

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

26.19

+0.24 (+0.92%)

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 Cap20.12B
Revenue(TTM)2.39B
Net Income(TTM)-37.22M
Analysts71.67
Price Target19.27 (-26.42%)
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 Years10
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)-4.15%
PT rev (3m)-7.15%
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 58.2
Fwd PE 52.22
P/S 6.16
P/FCF N/A
P/OCF 31.57
P/B 3.17
P/tB 4.51
EV/EBITDA 23.13
EPS(TTM)0.45
EY1.72%
EPS(NY)0.5
Fwd EY1.92%
FCF(TTM)-0.64
FCFYN/A
OCF(TTM)0.83
OCFY3.17%
SpS4.25
BVpS8.27
TBVpS5.81
PEG (NY)N/A
PEG (5Y)N/A
Graham Number9.15
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 6.853 PERP / AQN-PR-D.CA FAQ

Can you provide the ChartMill fundamental rating for ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP?

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


Can you provide the valuation status for ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP?

ChartMill assigns a valuation rating of 0 / 10 to ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP (AQN-PR-D.CA). This can be considered as Overvalued.


Can you provide the profitability details for ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP?

ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP (AQN-PR-D.CA) has a profitability rating of 3 / 10.


How financially healthy is ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP?

The financial health rating of ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP (AQN-PR-D.CA) is 3 / 10.


What is the expected EPS growth for ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP (AQN-PR-D.CA) stock?

The Earnings per Share (EPS) of ALGONQUIN PWR & UTILITY - AQNCN 6.853 PERP (AQN-PR-D.CA) is expected to decline by -12.26% in the next year.