BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
TSX:BLX • CA09950M3003
26.62 CAD
-0.08 (-0.3%)
Last: Feb 20, 2026, 07:00 PM
Taking everything into account, BLX scores 5 out of 10 in our fundamental rating. BLX was compared to 31 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. BLX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year BLX was profitable.
- In the past year BLX had a positive cash flow from operations.
- In the past 5 years BLX has always been profitable.
- In the past 5 years BLX always reported a positive cash flow from operatings.
1.2 Ratios
- With a decent Return On Assets value of -0.30%, BLX is doing good in the industry, outperforming 67.74% of the companies in the same industry.
- BLX has a better Return On Equity (-1.51%) than 77.42% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 1.83%, BLX is doing worse than 64.52% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for BLX is in line with the industry average of 3.84%.
| 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.
- The Operating Margin of BLX (22.10%) is better than 70.97% of its industry peers.
- BLX's Operating Margin has been stable in the last couple of years.
- The Gross Margin of BLX (75.60%) is better than 64.52% 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BLX is destroying value.
- Compared to 1 year ago, BLX has about the same amount of shares outstanding.
- 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 0.50. 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 0.50. This is in the better half of the industry: BLX outperforms 77.42% 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.5 |
ROIC/WACC0.35
WACC5.25%
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 80.65% of the companies in the same industry.
- 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.
- The Quick ratio of BLX (1.26) is better than 83.87% 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
- 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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 242.00, 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 64.52% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.99. BLX is valued rather expensively when compared to this.
- BLX is valuated rather expensively with a Price/Forward Earnings ratio of 21.74.
- Based on the Price/Forward Earnings ratio, BLX is valued a bit cheaper than 74.19% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, BLX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 242 | ||
| Fwd PE | 21.74 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLX indicates a slightly more expensive valuation: BLX is more expensive than 61.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.02 |
4.3 Compensation for Growth
- The decent profitability rating of BLX 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%
5. Dividend
5.1 Amount
- BLX has a Yearly Dividend Yield of 2.46%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.52, BLX is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.81, BLX pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
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 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 2Y34.2%
EPS Next 3Y25.53%
TSX:BLX (2/20/2026, 7:00:00 PM)
26.62
-0.08 (-0.3%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-27 2026-02-27/amc
Inst Owners62.18%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap2.74B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts78.33
Price Target35.59 (33.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 242 | ||
| Fwd PE | 21.74 | ||
| P/S | 3.3 | ||
| P/FCF | N/A | ||
| P/OCF | 7.88 | ||
| P/B | 1.79 | ||
| P/tB | 8.58 | ||
| EV/EBITDA | 15.02 |
EPS(TTM)0.11
EY0.41%
EPS(NY)1.22
Fwd EY4.6%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY12.69%
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 | 0.5 |
F-Score4
WACC5.25%
ROIC/WACC0.35
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 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%.