BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
TSX:BLX - Toronto Stock Exchange - CA09950M3003 - Common Stock - Currency: CAD
Overall BLX gets a fundamental rating of 4 out of 10. We evaluated BLX against 36 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
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.
BLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.15%, BLX is in line with its industry, outperforming 55.56% of the companies in the same industry.
Looking at the Return On Equity, with a value of 0.69%, BLX is in line with its industry, outperforming 55.56% of the companies in the same industry.
The Return On Invested Capital of BLX (2.05%) is comparable to the rest of the industry.
BLX had an Average Return On Invested Capital over the past 3 years of 2.63%. This is below the industry average of 5.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.15% | ||
| ROE | 0.69% | ||
| ROIC | 2.05% |
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 has a better Profit Margin (1.34%) than 61.11% of its industry peers.
In the last couple of years the Profit Margin of BLX has grown nicely.
BLX has a Operating Margin of 23.84%. This is comparable to the rest of the industry: BLX outperforms 58.33% of its industry peers.
BLX's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 76.40%, BLX is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
BLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.84% | ||
| PM (TTM) | 1.34% | ||
| GM | 76.4% |
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
The debt/assets ratio for BLX is higher compared to a year ago.
2.2 Solvency
BLX has an Altman-Z score of 0.54. 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 0.54. This is in the better half of the industry: BLX outperforms 69.44% of its industry peers.
A Debt/Equity ratio of 2.51 is on the high side and indicates that BLX has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.51, BLX is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.51 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.54 |
ROIC/WACC0.43
WACC4.81%
2.3 Liquidity
A Current Ratio of 0.94 indicates that BLX may have some problems paying its short term obligations.
BLX's Current ratio of 0.94 is fine compared to the rest of the industry. BLX outperforms 63.89% of its industry peers.
BLX has a Quick Ratio of 0.94. This is a bad value and indicates that BLX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Quick ratio value of 0.94, BLX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
BLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -58.10%.
BLX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 58.74% yearly.
Looking at the last year, BLX shows a very negative growth in Revenue. The Revenue has decreased by -16.63% 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)-58.1%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-45.28%
Revenue 1Y (TTM)-16.63%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%-12.74%
3.2 Future
The Earnings Per Share is expected to grow by 24.26% on average over the next years. This is a very strong growth
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 Y33.43%
EPS Next 2Y35.85%
EPS Next 3Y29.58%
EPS Next 5Y24.26%
Revenue Next Year9.09%
Revenue Next 2Y10.73%
Revenue Next 3Y7.55%
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.
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 70.39 indicates a quite expensive valuation of BLX.
Based on the Price/Earnings ratio, BLX is valued a bit cheaper than 63.89% of the companies in the same industry.
When comparing the Price/Earnings ratio of BLX to the average of the S&P500 Index (27.30), we can say BLX is valued expensively.
Based on the Price/Forward Earnings ratio of 24.68, the valuation of BLX can be described as rather expensive.
Based on the Price/Forward Earnings ratio, BLX is valued a bit cheaper than 75.00% of the companies in the same industry.
BLX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.39 | ||
| Fwd PE | 24.68 |
4.2 Price Multiples
BLX's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as BLX's earnings are expected to grow with 29.58% in the coming years.
PEG (NY)2.11
PEG (5Y)N/A
EPS Next 2Y35.85%
EPS Next 3Y29.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.01%, BLX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.37, BLX's dividend is way lower than its industry peers. On top of this 83.33% of the companies listed in the same industry pay a better dividend than BLX!
BLX's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.48%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
BLX pays out 618.18% of its income as dividend. This is not a sustainable payout ratio.
BLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP618.18%
EPS Next 2Y35.85%
EPS Next 3Y29.58%
TSX:BLX (7/11/2025, 7:00:00 PM)
30.97
-0.25 (-0.8%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners57.5%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap3.18B
Analysts78.57
Price Target39.73 (28.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP618.18%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.03%
Min EPS beat(2)-56.27%
Max EPS beat(2)-41.8%
EPS beat(4)1
Avg EPS beat(4)-16.81%
Min EPS beat(4)-56.27%
Max EPS beat(4)50.02%
EPS beat(8)4
Avg EPS beat(8)6.3%
EPS beat(12)5
Avg EPS beat(12)-11.51%
EPS beat(16)7
Avg EPS beat(16)-43.18%
Revenue beat(2)0
Avg Revenue beat(2)-15.37%
Min Revenue beat(2)-16.5%
Max Revenue beat(2)-14.25%
Revenue beat(4)0
Avg Revenue beat(4)-10.76%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-5.31%
Revenue beat(8)3
Avg Revenue beat(8)-2.2%
Revenue beat(12)5
Avg Revenue beat(12)0.34%
Revenue beat(16)6
Avg Revenue beat(16)-1.36%
PT rev (1m)0.39%
PT rev (3m)0.39%
EPS NQ rev (1m)-33.33%
EPS NQ rev (3m)28.57%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.28%
Revenue NQ rev (1m)2.81%
Revenue NQ rev (3m)-3.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.39 | ||
| Fwd PE | 24.68 | ||
| P/S | 3.87 | ||
| P/FCF | N/A | ||
| P/OCF | 20.27 | ||
| P/B | 1.99 | ||
| P/tB | 8.02 | ||
| EV/EBITDA | 14.51 |
EPS(TTM)0.44
EY1.42%
EPS(NY)1.25
Fwd EY4.05%
FCF(TTM)-5.12
FCFYN/A
OCF(TTM)1.53
OCFY4.93%
SpS8
BVpS15.58
TBVpS3.86
PEG (NY)2.11
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.15% | ||
| ROE | 0.69% | ||
| ROCE | 2.89% | ||
| ROIC | 2.05% | ||
| ROICexc | 2.17% | ||
| ROICexgc | 2.68% | ||
| OM | 23.84% | ||
| PM (TTM) | 1.34% | ||
| GM | 76.4% | ||
| 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%
ROICexcg growth 3Y-1.44%
ROICexcg 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 | 2.51 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.13 | ||
| Cap/Depr | 229.2% | ||
| Cap/Sales | 83.09% | ||
| Interest Coverage | 1.45 | ||
| Cash Conversion | 31.78% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 0.54 |
F-Score4
WACC4.81%
ROIC/WACC0.43
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)-58.1%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-45.28%
EPS Next Y33.43%
EPS Next 2Y35.85%
EPS Next 3Y29.58%
EPS Next 5Y24.26%
Revenue 1Y (TTM)-16.63%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%-12.74%
Revenue Next Year9.09%
Revenue Next 2Y10.73%
Revenue Next 3Y7.55%
Revenue Next 5Y15.56%
EBIT growth 1Y-27.68%
EBIT growth 3Y7.49%
EBIT growth 5Y9.76%
EBIT Next Year141.33%
EBIT Next 3Y40.63%
EBIT Next 5Y28.5%
FCF growth 1Y-252.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-74.68%
OCF growth 3Y-14.58%
OCF growth 5Y-6.07%