BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
25.53 CAD
+0.3 (+1.19%)
Taking everything into account, BLX scores 5 out of 10 in our fundamental rating. BLX was compared to 34 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BLX had positive earnings in the past year.
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 64.71% of the companies in the same industry.
Looking at the Return On Equity, with a value of -1.51%, BLX is in the better half of the industry, outperforming 76.47% 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: 67.65% of the companies in the same industry are doing better.
BLX had an Average Return On Invested Capital over the past 3 years of 2.63%. This is in line with the industry average of 3.78%.
| 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
In the last couple of years the Profit Margin of BLX has grown nicely.
BLX's Operating Margin of 22.10% is fine compared to the rest of the industry. BLX outperforms 70.59% of its industry peers.
In the last couple of years the Operating Margin of BLX has remained more or less at the same level.
BLX has a Gross Margin of 75.60%. This is in the better half of the industry: BLX outperforms 64.71% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BLX is destroying value.
The number of shares outstanding for BLX remains at a similar level compared to 1 year ago.
BLX has more shares outstanding than it did 5 years ago.
BLX has a worse debt/assets ratio than last year.
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.
The Altman-Z score of BLX (0.48) is better than 70.59% 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.
The Debt to Equity ratio of BLX (2.86) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.48 |
ROIC/WACC0.34
WACC5.34%
2.3 Liquidity
A Current Ratio of 1.26 indicates that BLX should not have too much problems paying its short term obligations.
BLX has a Current ratio of 1.26. This is in the better half of the industry: BLX outperforms 79.41% 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 Quick ratio of 1.26. This is amongst the best in the industry. BLX outperforms 82.35% 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.
The Earnings Per Share has been growing by 58.74% on average over the past years. This is a very strong growth
Looking at the last year, BLX shows a very negative growth in Revenue. The Revenue has decreased by -11.91% in the last year.
BLX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.24% yearly.
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.
BLX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.56% yearly.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 232.09, the valuation of BLX can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of BLX indicates a somewhat cheap valuation: BLX is cheaper than 64.71% of the companies listed in the same industry.
BLX is valuated expensively when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.76 indicates a rather expensive valuation of BLX.
BLX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BLX is cheaper than 73.53% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.04. BLX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 232.09 | ||
| Fwd PE | 20.76 |
4.2 Price Multiples
BLX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BLX is more expensive than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.78 |
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 26.10% in the coming years.
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 2.61%.
Compared to an average industry Dividend Yield of 3.64, BLX has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.88, BLX pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
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
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 2Y34.47%
EPS Next 3Y26.1%
TSX:BLX (12/24/2025, 7:00:00 PM)
25.53
+0.3 (+1.19%)
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 Cap2.62B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts76.92
Price Target38.31 (50.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
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%
EPS NQ rev (3m)0.89%
EPS NY rev (1m)-17.15%
EPS NY rev (3m)-32.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.01%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 232.09 | ||
| Fwd PE | 20.76 | ||
| P/S | 3.17 | ||
| P/FCF | N/A | ||
| P/OCF | 7.56 | ||
| P/B | 1.72 | ||
| P/tB | 8.22 | ||
| EV/EBITDA | 14.78 |
EPS(TTM)0.11
EY0.43%
EPS(NY)1.23
Fwd EY4.82%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY13.23%
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
WACC5.34%
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-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 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.
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 232.09 and the Price/Book (PB) ratio is 1.72.
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%.