BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
26.18 CAD
+0.85 (+3.36%)
We assign a fundamental rating of 5 out of 10 to BLX. BLX was compared to 32 industry peers in the Independent Power and Renewable Electricity Producers industry. While BLX is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, BLX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
BLX had positive earnings in the past year.
BLX had a positive operating cash flow in the past year.
BLX had positive earnings in each of the past 5 years.
Each year in the past 5 years BLX had a positive operating cash flow.
1.2 Ratios
BLX's Return On Assets of -0.30% is fine compared to the rest of the industry. BLX outperforms 68.75% of its industry peers.
With an excellent Return On Equity value of -1.51%, BLX belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
With a Return On Invested Capital value of 1.83%, BLX is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for BLX is in line with the industry average of 2.79%.
| 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.
Looking at the Operating Margin, with a value of 22.10%, BLX is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
In the last couple of years the Operating Margin of BLX has remained more or less at the same level.
With a decent Gross Margin value of 75.60%, BLX is doing good in the industry, outperforming 65.63% of the companies in the same industry.
In the last couple of years the Gross Margin of BLX has remained more or less at the same level.
| 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
BLX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, BLX has about the same amount of shares outstanding.
Compared to 5 years ago, BLX has more shares outstanding
The debt/assets ratio for BLX is higher compared to a year ago.
2.2 Solvency
BLX has an Altman-Z score of 0.48. 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 0.48. This is in the better half of the industry: BLX outperforms 68.75% of its industry peers.
A Debt/Equity ratio of 2.86 is on the high side and indicates that BLX has dependencies on debt financing.
BLX has a Debt to Equity ratio (2.86) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.48 |
ROIC/WACC0.36
WACC5.12%
2.3 Liquidity
BLX has a Current 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.
Looking at the Current ratio, with a value of 1.26, BLX belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
A Quick Ratio of 1.26 indicates that BLX should not have too much problems paying its short term obligations.
BLX has a better Quick ratio (1.26) than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
BLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -87.21%.
The Earnings Per Share has been growing by 58.74% on average over the past years. This is a very strong growth
The Revenue for BLX has decreased by -11.91% in the past year. This is quite bad
The Revenue has been growing by 8.24% on average over the past years. This is quite good.
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.
Based on estimates for the next years, BLX will show a quite strong growth in Revenue. The Revenue will grow by 15.56% on average per year.
EPS Next Y-14.97%
EPS Next 2Y34.2%
EPS Next 3Y25.53%
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 238.00.
Based on the Price/Earnings ratio, BLX is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
BLX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.60.
The Price/Forward Earnings ratio is 21.38, which indicates a rather expensive current valuation of BLX.
BLX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BLX is cheaper than 71.88% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.23. BLX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 238 | ||
| Fwd PE | 21.38 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BLX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.74 |
4.3 Compensation for Growth
BLX has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as BLX's earnings are expected to grow with 25.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.2%
EPS Next 3Y25.53%
5. Dividend
5.1 Amount
BLX has a Yearly Dividend Yield of 2.59%.
BLX's Dividend Yield is slightly below the industry average, which is at 4.02.
BLX's Dividend Yield is a higher than the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
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 their dividend for at least 10 years, which is a reliable track record.
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.
BLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-295.65%
EPS Next 2Y34.2%
EPS Next 3Y25.53%
TSX:BLX (1/2/2026, 7:00:00 PM)
26.18
+0.85 (+3.36%)
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 Cap2.69B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts76.92
Price Target36.83 (40.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP-295.65%
Div Incr Years0
Div Non Decr Years10
Ex-DateN/A
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)-3.85%
PT rev (3m)-6.81%
EPS NQ rev (1m)-3.08%
EPS NQ rev (3m)-2.22%
EPS NY rev (1m)-16.42%
EPS NY rev (3m)-23.67%
Revenue NQ rev (1m)-1.18%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 238 | ||
| Fwd PE | 21.38 | ||
| P/S | 3.25 | ||
| P/FCF | N/A | ||
| P/OCF | 7.75 | ||
| P/B | 1.76 | ||
| P/tB | 8.43 | ||
| EV/EBITDA | 14.74 |
EPS(TTM)0.11
EY0.42%
EPS(NY)1.22
Fwd EY4.68%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY12.9%
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 | 0.48 |
F-Score4
WACC5.12%
ROIC/WACC0.36
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-14.97%
EPS Next 2Y34.2%
EPS Next 3Y25.53%
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 Year133.02%
EBIT Next 3Y40.28%
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 of BORALEX INC -A (BLX.CA) 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.
Can you provide the expected EPS growth for BLX stock?
The Earnings per Share (EPS) of BORALEX INC -A (BLX.CA) is expected to decline by -14.97% in the next year.
How sustainable is the dividend of BORALEX INC -A (BLX.CA) stock?
The dividend rating of BORALEX INC -A (BLX.CA) is 5 / 10 and the dividend payout ratio is -295.65%.