BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
24.41 CAD
+0.02 (+0.08%)
We assign a fundamental rating of 5 out of 10 to BLX. BLX was compared to 34 industry peers in the Independent Power and Renewable Electricity Producers industry. BLX has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, BLX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year BLX was profitable.
In the past year BLX had a positive cash flow from operations.
Each year in the past 5 years BLX has been profitable.
Each year in the past 5 years BLX had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of -0.30%, BLX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
BLX has a Return On Equity of -1.51%. This is in the better half of the industry: BLX outperforms 78.79% of its industry peers.
BLX's Return On Invested Capital of 1.83% is on the low side compared to the rest of the industry. BLX is outperformed by 69.70% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BLX is in line with the industry average of 3.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -1.51% | ||
| ROIC | 1.83% |
ROA(3y)0.71%
ROA(5y)0.69%
ROE(3y)2.94%
ROE(5y)3.22%
ROIC(3y)2.63%
ROIC(5y)2.59%
1.3 Margins
BLX's Profit Margin has improved in the last couple of years.
BLX has a better Operating Margin (22.10%) than 69.70% of its industry peers.
In the last couple of years the Operating Margin of BLX has remained more or less at the same level.
The Gross Margin of BLX (75.60%) is better than 63.64% of its industry peers.
BLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.1% | ||
| PM (TTM) | N/A | ||
| GM | 75.6% |
OM growth 3Y0.2%
OM growth 5Y1.4%
PM growth 3Y19.71%
PM growth 5YN/A
GM growth 3Y-0.46%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BLX is destroying value.
The number of shares outstanding for BLX remains at a similar level compared to 1 year ago.
Compared to 5 years ago, BLX has more shares outstanding
Compared to 1 year ago, BLX has a worse debt to assets ratio.
2.2 Solvency
BLX has an Altman-Z score of 0.47. This is a bad value and indicates that BLX is not financially healthy and even has some risk of bankruptcy.
BLX has a Altman-Z score of 0.47. This is in the better half of the industry: BLX outperforms 66.67% of its industry peers.
BLX has a Debt/Equity ratio of 2.86. This is a high value indicating a heavy dependency on external financing.
BLX has a Debt to Equity ratio of 2.86. This is comparable to the rest of the industry: BLX outperforms 42.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.47 |
ROIC/WACC0.35
WACC5.21%
2.3 Liquidity
A Current Ratio of 1.26 indicates that BLX should not have too much problems paying its short term obligations.
BLX's Current ratio of 1.26 is amongst the best of the industry. BLX outperforms 81.82% of its industry peers.
BLX has a Quick Ratio of 1.26. This is a normal value and indicates that BLX is financially healthy and should not expect problems in meeting its short term obligations.
BLX has a better Quick ratio (1.26) than 84.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
The earnings per share for BLX have decreased strongly by -87.21% in the last year.
Measured over the past years, BLX shows a very strong growth in Earnings Per Share. The EPS has been growing by 58.74% on average per year.
BLX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.91%.
Measured over the past years, BLX shows a quite strong growth in Revenue. The Revenue has been growing by 8.24% on average per year.
EPS 1Y (TTM)-87.21%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-11.91%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%4.67%
3.2 Future
BLX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.88% yearly.
The Revenue is expected to grow by 15.56% on average over the next years. This is quite good.
EPS Next Y-15.71%
EPS Next 2Y34.47%
EPS Next 3Y26.1%
EPS Next 5Y23.88%
Revenue Next Year3.76%
Revenue Next 2Y9.5%
Revenue Next 3Y6.57%
Revenue Next 5Y15.56%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
BLX is valuated quite expensively with a Price/Earnings ratio of 221.91.
Based on the Price/Earnings ratio, BLX is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
BLX is valuated expensively when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 19.85, BLX is valued on the expensive side.
75.76% of the companies in the same industry are more expensive than BLX, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.69. BLX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 221.91 | ||
| Fwd PE | 19.85 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLX is valued a bit more expensive than 60.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.54 |
4.3 Compensation for Growth
The decent profitability rating of BLX may justify a higher PE ratio.
BLX's earnings are expected to grow with 26.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.47%
EPS Next 3Y26.1%
5. Dividend
5.1 Amount
BLX has a Yearly Dividend Yield of 2.71%.
Compared to an average industry Dividend Yield of 4.42, BLX is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.31, BLX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
5.2 History
The dividend of BLX has a limited annual growth rate of 0.48%.
BLX has been paying a dividend for at least 10 years, so it has a reliable track record.
BLX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.48%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
BLX has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of BLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-295.65%
EPS Next 2Y34.47%
EPS Next 3Y26.1%
TSX:BLX (12/5/2025, 7:00:00 PM)
24.41
+0.02 (+0.08%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners61.81%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap2.51B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts76.92
Price Target38.31 (56.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP-295.65%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-120.18%
Min EPS beat(2)-210.01%
Max EPS beat(2)-30.34%
EPS beat(4)0
Avg EPS beat(4)-84.6%
Min EPS beat(4)-210.01%
Max EPS beat(4)-30.34%
EPS beat(8)2
Avg EPS beat(8)-39.17%
EPS beat(12)4
Avg EPS beat(12)-20.96%
EPS beat(16)6
Avg EPS beat(16)-24.58%
Revenue beat(2)0
Avg Revenue beat(2)-10.68%
Min Revenue beat(2)-14.18%
Max Revenue beat(2)-7.18%
Revenue beat(4)0
Avg Revenue beat(4)-13.03%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-7.18%
Revenue beat(8)2
Avg Revenue beat(8)-5%
Revenue beat(12)5
Avg Revenue beat(12)1.37%
Revenue beat(16)6
Avg Revenue beat(16)-1.36%
PT rev (1m)-1.17%
PT rev (3m)-3.08%
EPS NQ rev (1m)-0.44%
EPS NQ rev (3m)-5.94%
EPS NY rev (1m)-17.15%
EPS NY rev (3m)-32.04%
Revenue NQ rev (1m)0.27%
Revenue NQ rev (3m)0.54%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-4.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 221.91 | ||
| Fwd PE | 19.85 | ||
| P/S | 3.03 | ||
| P/FCF | N/A | ||
| P/OCF | 7.23 | ||
| P/B | 1.64 | ||
| P/tB | 7.86 | ||
| EV/EBITDA | 14.54 |
EPS(TTM)0.11
EY0.45%
EPS(NY)1.23
Fwd EY5.04%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY13.83%
SpS8.06
BVpS14.86
TBVpS3.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -1.51% | ||
| ROCE | 2.58% | ||
| ROIC | 1.83% | ||
| ROICexc | 1.83% | ||
| ROICexgc | 2.2% | ||
| OM | 22.1% | ||
| PM (TTM) | N/A | ||
| GM | 75.6% | ||
| FCFM | N/A |
ROA(3y)0.71%
ROA(5y)0.69%
ROE(3y)2.94%
ROE(5y)3.22%
ROIC(3y)2.63%
ROIC(5y)2.59%
ROICexc(3y)2.85%
ROICexc(5y)2.78%
ROICexgc(3y)3.67%
ROICexgc(5y)3.66%
ROCE(3y)3.71%
ROCE(5y)3.65%
ROICexgc growth 3Y-1.44%
ROICexgc growth 5Y1.01%
ROICexc growth 3Y1.57%
ROICexc growth 5Y1.49%
OM growth 3Y0.2%
OM growth 5Y1.4%
PM growth 3Y19.71%
PM growth 5YN/A
GM growth 3Y-0.46%
GM growth 5Y-0.28%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.89 | ||
| Cap/Depr | 238.31% | ||
| Cap/Sales | 88.65% | ||
| Interest Coverage | 1.24 | ||
| Cash Conversion | 70.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | 0.47 |
F-Score4
WACC5.21%
ROIC/WACC0.35
Cap/Depr(3y)110.38%
Cap/Depr(5y)89.71%
Cap/Sales(3y)36.6%
Cap/Sales(5y)31.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-87.21%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y-15.71%
EPS Next 2Y34.47%
EPS Next 3Y26.1%
EPS Next 5Y23.88%
Revenue 1Y (TTM)-11.91%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%4.67%
Revenue Next Year3.76%
Revenue Next 2Y9.5%
Revenue Next 3Y6.57%
Revenue Next 5Y15.56%
EBIT growth 1Y-31.46%
EBIT growth 3Y7.49%
EBIT growth 5Y9.76%
EBIT Next Year133.62%
EBIT Next 3Y40.07%
EBIT Next 5Y26.43%
FCF growth 1Y-224.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-39.97%
OCF growth 3Y-14.58%
OCF growth 5Y-6.07%
BORALEX INC -A / BLX.CA FAQ
What is the ChartMill fundamental rating of BORALEX INC -A (BLX.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BLX.CA.
What is the valuation status for BLX stock?
ChartMill assigns a valuation rating of 3 / 10 to BORALEX INC -A (BLX.CA). This can be considered as Overvalued.
Can you provide the profitability details for BORALEX INC -A?
BORALEX INC -A (BLX.CA) has a profitability rating of 6 / 10.
What are the PE and PB ratios of BORALEX INC -A (BLX.CA) stock?
The Price/Earnings (PE) ratio for BORALEX INC -A (BLX.CA) is 221.91 and the Price/Book (PB) ratio is 1.64.
Can you provide the dividend sustainability for BLX stock?
The dividend rating of BORALEX INC -A (BLX.CA) is 5 / 10 and the dividend payout ratio is -295.65%.