BORALEX INC -A (BLX.CA) Stock Fundamental Analysis

TSX:BLX • CA09950M3003

27.52 CAD
+0.74 (+2.76%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, BLX scores 5 out of 10 in our fundamental rating. 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. BLX is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year BLX was profitable.
  • BLX had a positive operating cash flow in the past year.
  • In the past 5 years BLX has always been profitable.
  • In the past 5 years BLX always reported a positive cash flow from operatings.
BLX.CA Yearly Net Income VS EBIT VS OCF VS FCFBLX.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 200M -200M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -0.30%, BLX is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
  • The Return On Equity of BLX (-1.51%) is better than 78.13% of its industry peers.
  • BLX has a worse Return On Invested Capital (1.83%) than 65.63% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BLX is in line with the industry average of 3.78%.
Industry RankSector 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%
BLX.CA Yearly ROA, ROE, ROICBLX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4 -4

1.3 Margins

  • BLX's Profit Margin has improved in the last couple of years.
  • BLX has a better Operating Margin (22.10%) than 71.88% of its industry peers.
  • BLX's Operating Margin has been stable in the last couple of years.
  • BLX has a better Gross Margin (75.60%) than 62.50% of its industry peers.
  • BLX's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
BLX.CA Yearly Profit, Operating, Gross MarginsBLX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • The number of shares outstanding for BLX has been increased compared to 5 years ago.
  • Compared to 1 year ago, BLX has a worse debt to assets ratio.
BLX.CA Yearly Shares OutstandingBLX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
BLX.CA Yearly Total Debt VS Total AssetsBLX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • BLX has an Altman-Z score of 0.50. This is a bad value and indicates that BLX is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.50, BLX is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
  • A Debt/Equity ratio of 2.86 is on the high side and indicates that BLX has dependencies on debt financing.
  • The Debt to Equity ratio of BLX (2.86) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 2.86
Debt/FCF N/A
Altman-Z 0.5
ROIC/WACC0.34
WACC5.31%
BLX.CA Yearly LT Debt VS Equity VS FCFBLX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

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.
  • With an excellent Current ratio value of 1.26, BLX belongs to the best of the industry, outperforming 81.25% 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.
  • With an excellent Quick ratio value of 1.26, BLX belongs to the best of the industry, outperforming 84.38% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 1.26
BLX.CA Yearly Current Assets VS Current LiabilitesBLX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

More info and screens

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

6

3. Growth

3.1 Past

  • The earnings per share for BLX have decreased strongly by -87.21% in the last year.
  • 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
  • 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

  • Based on estimates for the next years, BLX will show a very strong growth in Earnings Per Share. The EPS will grow by 22.92% on average per year.
  • 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 5Y22.92%
Revenue Next Year3.76%
Revenue Next 2Y9.5%
Revenue Next 3Y6.57%
Revenue Next 5Y15.56%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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.
BLX.CA Yearly Revenue VS EstimatesBLX.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
BLX.CA Yearly EPS VS EstimatesBLX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.5 1 1.5

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 250.18, the valuation of BLX can be described as expensive.
  • BLX's Price/Earnings ratio is a bit cheaper when compared to the industry. BLX is cheaper than 65.63% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of BLX to the average of the S&P500 Index (26.68), we can say BLX is valued expensively.
  • With a Price/Forward Earnings ratio of 22.47, BLX is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, BLX is valued a bit cheaper than 71.88% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of BLX to the average of the S&P500 Index (28.06), we can say BLX is valued inline with the index average.
Industry RankSector Rank
PE 250.18
Fwd PE 22.47
BLX.CA Price Earnings VS Forward Price EarningsBLX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200 250

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BLX is valued a bit more expensive than 62.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.2
BLX.CA Per share dataBLX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • BLX has a very decent profitability rating, which may justify a higher PE ratio.
  • BLX's earnings are expected to grow with 25.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.2%
EPS Next 3Y25.53%

More info and screens

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.46%, BLX has a reasonable but not impressive dividend return.
  • BLX's Dividend Yield is comparable with the industry average which is at 3.54.
  • Compared to an average S&P500 Dividend Yield of 1.84, BLX pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.46%

5.2 History

  • The dividend of BLX has a limited annual growth rate of 0.48%.
  • BLX has paid a dividend for at least 10 years, which is 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
BLX.CA Yearly Dividends per shareBLX.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

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 2Y34.2%
EPS Next 3Y25.53%
BLX.CA Yearly Income VS Free CF VS DividendBLX.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M

More info and screens

Find the best dividend stocksShow peers with best dividend

BORALEX INC -A

TSX:BLX (2/13/2026, 7:00:00 PM)

27.52

+0.74 (+2.76%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-07
Earnings (Next)02-27
Inst Owners62.18%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap2.83B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts78.33
Price Target35.59 (29.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.46%
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)-3.38%
PT rev (3m)-8.19%
EPS NQ rev (1m)-9.55%
EPS NQ rev (3m)-12.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.42%
Revenue NQ rev (1m)-9.06%
Revenue NQ rev (3m)-9.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 250.18
Fwd PE 22.47
P/S 3.42
P/FCF N/A
P/OCF 8.15
P/B 1.85
P/tB 8.87
EV/EBITDA 15.2
EPS(TTM)0.11
EY0.4%
EPS(NY)1.22
Fwd EY4.45%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY12.27%
SpS8.06
BVpS14.86
TBVpS3.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.06
Profitability
Industry RankSector 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 RankSector 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 0.5
F-Score4
WACC5.31%
ROIC/WACC0.34
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 5Y22.92%
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 5Y25.45%
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 2 / 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%.