BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - TSX:BLX - CA09950M3003 - Common Stock
28.07 CAD
+0.32 (+1.15%)
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. 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
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.
BLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BLX (-0.13%) is better than 73.53% of its industry peers.
BLX has a better Return On Equity (-0.64%) than 73.53% of its industry peers.
BLX has a Return On Invested Capital (1.98%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for BLX is in line with the industry average of 4.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.13% | ||
| ROE | -0.64% | ||
| ROIC | 1.98% |
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 Operating Margin of 23.25%. This is in the better half of the industry: BLX outperforms 67.65% of its industry peers.
BLX's Operating Margin has been stable in the last couple of years.
The Gross Margin of BLX (75.66%) is better than 64.71% of its industry peers.
BLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.25% | ||
| PM (TTM) | N/A | ||
| GM | 75.66% |
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.
BLX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, BLX has more shares outstanding
BLX has a worse debt/assets ratio than last year.
2.2 Solvency
BLX has an Altman-Z score of 0.52. This is a bad value and indicates that BLX is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.52, BLX is doing good in the industry, outperforming 70.59% of the companies in the same industry.
BLX has a Debt/Equity ratio of 2.65. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BLX (2.65) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.52 |
ROIC/WACC0.42
WACC4.75%
2.3 Liquidity
A Current Ratio of 1.08 indicates that BLX should not have too much problems paying its short term obligations.
BLX has a Current ratio of 1.08. This is in the better half of the industry: BLX outperforms 79.41% of its industry peers.
BLX has a Quick Ratio of 1.08. This is a normal value and indicates that BLX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of BLX (1.08) is better than 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
BLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -75.00%.
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.
Looking at the last year, BLX shows a very negative growth in Revenue. The Revenue has decreased by -13.45% in the last year.
The Revenue has been growing by 8.24% on average over the past years. This is quite good.
EPS 1Y (TTM)-75%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-200%
Revenue 1Y (TTM)-13.45%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%2.78%
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 24.20% 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 Y11.4%
EPS Next 2Y36.53%
EPS Next 3Y30.39%
EPS Next 5Y24.2%
Revenue Next Year6.01%
Revenue Next 2Y9.5%
Revenue Next 3Y7.26%
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
A Price/Earnings ratio of 116.96 indicates a quite expensive valuation of BLX.
Based on the Price/Earnings ratio, BLX is valued a bit cheaper than 70.59% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.67, BLX is valued quite expensively.
BLX is valuated rather expensively with a Price/Forward Earnings ratio of 22.15.
Based on the Price/Forward Earnings ratio, BLX is valued a bit cheaper than 73.53% of the companies in the same industry.
BLX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 31.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 116.96 | ||
| Fwd PE | 22.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLX is valued a bit more expensive than the industry average as 64.71% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BLX does not grow enough to justify the current Price/Earnings ratio.
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 30.39% in the coming years.
PEG (NY)10.26
PEG (5Y)N/A
EPS Next 2Y36.53%
EPS Next 3Y30.39%
5. Dividend
5.1 Amount
BLX has a Yearly Dividend Yield of 2.34%.
Compared to an average industry Dividend Yield of 5.44, BLX's dividend is way lower than its industry peers. On top of this 82.35% of the companies listed in the same industry pay a better dividend than BLX!
Compared to an average S&P500 Dividend Yield of 2.40, BLX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
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.
The dividend of BLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-680%
EPS Next 2Y36.53%
EPS Next 3Y30.39%
TSX:BLX (11/6/2025, 7:00:00 PM)
28.07
+0.32 (+1.15%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners61.04%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap2.88B
Revenue(TTM)830.00M
Net Income(TTM)-10.00M
Analysts76.92
Price Target38.76 (38.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP-680%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-125.9%
Min EPS beat(2)-210.01%
Max EPS beat(2)-41.8%
EPS beat(4)0
Avg EPS beat(4)-81.81%
Min EPS beat(4)-210.01%
Max EPS beat(4)-19.18%
EPS beat(8)3
Avg EPS beat(8)-27.38%
EPS beat(12)4
Avg EPS beat(12)-32.93%
EPS beat(16)7
Avg EPS beat(16)-21.99%
Revenue beat(2)0
Avg Revenue beat(2)-15.34%
Min Revenue beat(2)-16.5%
Max Revenue beat(2)-14.18%
Revenue beat(4)0
Avg Revenue beat(4)-12.56%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-5.31%
Revenue beat(8)2
Avg Revenue beat(8)-4.72%
Revenue beat(12)5
Avg Revenue beat(12)-0.49%
Revenue beat(16)6
Avg Revenue beat(16)-1.5%
PT rev (1m)-1.94%
PT rev (3m)-2.44%
EPS NQ rev (1m)-68.09%
EPS NQ rev (3m)-102.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.51%
Revenue NQ rev (1m)-4.69%
Revenue NQ rev (3m)-10.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 116.96 | ||
| Fwd PE | 22.15 | ||
| P/S | 3.48 | ||
| P/FCF | N/A | ||
| P/OCF | 22.89 | ||
| P/B | 1.83 | ||
| P/tB | 7.77 | ||
| EV/EBITDA | 14.26 |
EPS(TTM)0.24
EY0.86%
EPS(NY)1.27
Fwd EY4.52%
FCF(TTM)-5.63
FCFYN/A
OCF(TTM)1.23
OCFY4.37%
SpS8.08
BVpS15.31
TBVpS3.61
PEG (NY)10.26
PEG (5Y)N/A
Graham Number9.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.13% | ||
| ROE | -0.64% | ||
| ROCE | 2.79% | ||
| ROIC | 1.98% | ||
| ROICexc | 2.08% | ||
| ROICexgc | 2.55% | ||
| OM | 23.25% | ||
| PM (TTM) | N/A | ||
| GM | 75.66% | ||
| 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 | 2.65 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.41 | ||
| Cap/Depr | 232.67% | ||
| Cap/Sales | 84.94% | ||
| Interest Coverage | 1.33 | ||
| Cash Conversion | 25.4% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 0.52 |
F-Score4
WACC4.75%
ROIC/WACC0.42
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)-75%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-200%
EPS Next Y11.4%
EPS Next 2Y36.53%
EPS Next 3Y30.39%
EPS Next 5Y24.2%
Revenue 1Y (TTM)-13.45%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%2.78%
Revenue Next Year6.01%
Revenue Next 2Y9.5%
Revenue Next 3Y7.26%
Revenue Next 5Y15.56%
EBIT growth 1Y-28.78%
EBIT growth 3Y7.49%
EBIT growth 5Y9.76%
EBIT Next Year140.93%
EBIT Next 3Y40.07%
EBIT Next 5Y26.65%
FCF growth 1Y-235.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.11%
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 116.96 and the Price/Book (PB) ratio is 1.83.
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 -680%.