BORALEX INC -A (BLX.CA) Fundamental Analysis & Valuation

TSX:BLX • CA09950M3003

Current stock price

36.66 CAD
+0.02 (+0.05%)
Last:

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

6

1. BLX.CA Profitability Analysis

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.
  • BLX had a positive operating cash flow in each of the past 5 years.
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 2025 0 200M -200M 400M

1.2 Ratios

  • The Return On Assets of BLX (0.09%) is better than 84.38% of its industry peers.
  • BLX has a better Return On Equity (0.45%) than 84.38% of its industry peers.
  • BLX has a Return On Invested Capital of 2.01%. This is comparable to the rest of the industry: BLX outperforms 59.38% 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 2.46%.
Industry RankSector Rank
ROA 0.09%
ROE 0.45%
ROIC 2.01%
ROA(3y)0.58%
ROA(5y)0.5%
ROE(3y)2.5%
ROE(5y)2.19%
ROIC(3y)2.67%
ROIC(5y)2.68%
BLX.CA Yearly ROA, ROE, ROICBLX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 -2 4 -4

1.3 Margins

  • With an excellent Profit Margin value of 0.82%, BLX belongs to the best of the industry, outperforming 84.38% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BLX has declined.
  • Looking at the Operating Margin, with a value of 21.55%, BLX is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
  • BLX's Operating Margin has declined in the last couple of years.
  • BLX has a better Gross Margin (75.97%) than 62.50% of its industry peers.
  • BLX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 21.55%
PM (TTM) 0.82%
GM 75.97%
OM growth 3Y-2.93%
OM growth 5Y-5.28%
PM growth 3Y-38.75%
PM growth 5Y-37.56%
GM growth 3Y3.19%
GM growth 5Y-0.05%
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 2025 0 20 40 60

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4

2. BLX.CA Health Analysis

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.
  • The number of shares outstanding for BLX remains at a similar level compared to 5 years ago.
  • BLX has a worse debt/assets ratio than last year.
BLX.CA Yearly Shares OutstandingBLX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B

2.2 Solvency

  • BLX has an Altman-Z score of 0.60. This is a bad value and indicates that BLX is not financially healthy and even has some risk of bankruptcy.
  • BLX has a better Altman-Z score (0.60) than 84.38% 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 RankSector Rank
Debt/Equity 2.86
Debt/FCF N/A
Altman-Z 0.6
ROIC/WACC0.35
WACC5.66%
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 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • BLX has a Current Ratio of 1.29. 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 Current ratio (1.29) than 84.38% of its industry peers.
  • A Quick Ratio of 1.29 indicates that BLX should not have too much problems paying its short term obligations.
  • BLX has a Quick ratio of 1.29. This is amongst the best in the industry. BLX outperforms 84.38% of its industry peers.
Industry RankSector Rank
Current Ratio 1.29
Quick Ratio 1.29
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 2025 200M 400M 600M 800M

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

5

3. BLX.CA Growth Analysis

3.1 Past

  • BLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -91.18%.
  • The earnings per share for BLX have been decreasing by -35.56% on average. This is quite bad
  • The Revenue has decreased by -0.47% in the past year.
  • The Revenue has been growing slightly by 6.05% on average over the past years.
EPS 1Y (TTM)-91.18%
EPS 3Y-40.85%
EPS 5Y-35.56%
EPS Q2Q%-27.78%
Revenue 1Y (TTM)-0.47%
Revenue growth 3Y0.52%
Revenue growth 5Y6.05%
Sales Q2Q%5.7%

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 137.94% 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 9.95% on average per year.
EPS Next Y1749.26%
EPS Next 2Y344.11%
EPS Next 3Y211.18%
EPS Next 5Y137.95%
Revenue Next Year8.33%
Revenue Next 2Y3.9%
Revenue Next 3Y9.95%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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 200M 400M 600M 800M 1B
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

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4

4. BLX.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • BLX is valuated quite expensively with a Price/Earnings ratio of 611.00.
  • The rest of the industry has a similar Price/Earnings ratio as BLX.
  • Compared to an average S&P500 Price/Earnings ratio of 27.95, BLX is valued quite expensively.
  • BLX is valuated quite expensively with a Price/Forward Earnings ratio of 33.04.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BLX indicates a somewhat cheap valuation: BLX is cheaper than 75.00% of the companies listed in the same industry.
  • BLX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 38.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 611
Fwd PE 33.04
BLX.CA Price Earnings VS Forward Price EarningsBLX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 200 400 600

4.2 Price Multiples

  • BLX's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.15
BLX.CA Per share dataBLX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • BLX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of BLX may justify a higher PE ratio.
  • BLX's earnings are expected to grow with 211.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y344.11%
EPS Next 3Y211.18%

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

4

5. BLX.CA Dividend Analysis

5.1 Amount

  • BLX has a Yearly Dividend Yield of 1.80%. Purely for dividend investing, there may be better candidates out there.
  • BLX's Dividend Yield is comparable with the industry average which is at 3.42.
  • Compared to an average S&P500 Dividend Yield of 1.81, BLX has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.8%

5.2 History

  • The dividend of BLX decreases each year by -0.04%.
  • 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)-0.04%
Div Incr Years0
Div Non Decr Years11
BLX.CA Yearly Dividends per shareBLX.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • BLX pays out 971.43% of its income as dividend. This is not a sustainable payout ratio.
DP971.43%
EPS Next 2Y344.11%
EPS Next 3Y211.18%
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 2025 0 100M -100M 200M -200M
BLX.CA Dividend Payout.BLX.CA Dividend Payout, showing the Payout Ratio.BLX.CA Dividend Payout.PayoutRetained Earnings

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BLX.CA Fundamentals: All Metrics, Ratios and Statistics

BORALEX INC -A

TSX:BLX (4/20/2026, 7:00:00 PM)

36.66

+0.02 (+0.05%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-27
Earnings (Next)05-12
Inst Owners62.79%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.77B
Revenue(TTM)849.00M
Net Income(TTM)7.00M
Analysts73.33
Price Target37.28 (1.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.8%
Yearly Dividend0.66
Dividend Growth(5Y)-0.04%
DP971.43%
Div Incr Years0
Div Non Decr Years11
Ex-Date02-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-52.24%
Min EPS beat(2)-74.13%
Max EPS beat(2)-30.34%
EPS beat(4)0
Avg EPS beat(4)-89.07%
Min EPS beat(4)-210.01%
Max EPS beat(4)-30.34%
EPS beat(8)2
Avg EPS beat(8)-45.22%
EPS beat(12)4
Avg EPS beat(12)-22.32%
EPS beat(16)6
Avg EPS beat(16)-26.38%
Revenue beat(2)0
Avg Revenue beat(2)-5.19%
Min Revenue beat(2)-7.18%
Max Revenue beat(2)-3.2%
Revenue beat(4)0
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-3.2%
Revenue beat(8)1
Avg Revenue beat(8)-7.97%
Revenue beat(12)4
Avg Revenue beat(12)-2.53%
Revenue beat(16)6
Avg Revenue beat(16)-1.1%
PT rev (1m)4.76%
PT rev (3m)1.22%
EPS NQ rev (1m)-0.18%
EPS NQ rev (3m)-19.92%
EPS NY rev (1m)1.13%
EPS NY rev (3m)-9.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.96%
Revenue NY rev (3m)-8.35%
Valuation
Industry RankSector Rank
PE 611
Fwd PE 33.04
P/S 4.44
P/FCF N/A
P/OCF 10.41
P/B 2.44
P/tB 10.92
EV/EBITDA 16.15
EPS(TTM)0.06
EY0.16%
EPS(NY)1.11
Fwd EY3.03%
FCF(TTM)-2.84
FCFYN/A
OCF(TTM)3.52
OCFY9.61%
SpS8.26
BVpS15.01
TBVpS3.36
PEG (NY)0.35
PEG (5Y)N/A
Graham Number4.50088 (-87.72%)
Profitability
Industry RankSector Rank
ROA 0.09%
ROE 0.45%
ROCE 2.56%
ROIC 2.01%
ROICexc 2.09%
ROICexgc 2.53%
OM 21.55%
PM (TTM) 0.82%
GM 75.97%
FCFM N/A
ROA(3y)0.58%
ROA(5y)0.5%
ROE(3y)2.5%
ROE(5y)2.19%
ROIC(3y)2.67%
ROIC(5y)2.68%
ROICexc(3y)2.88%
ROICexc(5y)2.88%
ROICexgc(3y)3.63%
ROICexgc(5y)3.71%
ROCE(3y)3.41%
ROCE(5y)3.43%
ROICexgc growth 3Y-12.51%
ROICexgc growth 5Y-9.35%
ROICexc growth 3Y-10.05%
ROICexc growth 5Y-7.11%
OM growth 3Y-2.93%
OM growth 5Y-5.28%
PM growth 3Y-38.75%
PM growth 5Y-37.56%
GM growth 3Y3.19%
GM growth 5Y-0.05%
F-Score4
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 2.86
Debt/FCF N/A
Debt/EBITDA 8.74
Cap/Depr 203.74%
Cap/Sales 77.03%
Interest Coverage 1.16
Cash Conversion 71.83%
Profit Quality N/A
Current Ratio 1.29
Quick Ratio 1.29
Altman-Z 0.6
F-Score4
WACC5.66%
ROIC/WACC0.35
Cap/Depr(3y)150.5%
Cap/Depr(5y)118.22%
Cap/Sales(3y)52.47%
Cap/Sales(5y)42.2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-91.18%
EPS 3Y-40.85%
EPS 5Y-35.56%
EPS Q2Q%-27.78%
EPS Next Y1749.26%
EPS Next 2Y344.11%
EPS Next 3Y211.18%
EPS Next 5Y137.95%
Revenue 1Y (TTM)-0.47%
Revenue growth 3Y0.52%
Revenue growth 5Y6.05%
Sales Q2Q%5.7%
Revenue Next Year8.33%
Revenue Next 2Y3.9%
Revenue Next 3Y9.95%
Revenue Next 5YN/A
EBIT growth 1Y-19.38%
EBIT growth 3Y-2.43%
EBIT growth 5Y0.44%
EBIT Next Year189.21%
EBIT Next 3Y50.61%
EBIT Next 5Y31.6%
FCF growth 1Y-23.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.37%
OCF growth 3Y-10.97%
OCF growth 5Y0%

BORALEX INC -A / BLX.CA Fundamental Analysis 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 4 / 10 to BORALEX INC -A (BLX.CA). This can be considered as Fairly Valued.


What is the profitability of BLX stock?

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 611 and the Price/Book (PB) ratio is 2.44.


How financially healthy is BORALEX INC -A?

The financial health rating of BORALEX INC -A (BLX.CA) is 4 / 10.